NEW COVENANT MISSIONS INC

EIN: 820535692 501(c)(3) International Affairs

COEUR dALENE, ID

Total Revenue
$2,358,467
Total Expenses
$2,350,114
Total Assets
$361,474
Net Assets
$350,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
ID
Phone
2085619006
Tax Period
2024-01-01 to 2024-12-31

NEW COVENANT MISSIONS INC, founded in 2002, is a community nonprofit in the International Affairs sector that reported $2.4M in total revenue in fiscal year 2024.

Mission

CHARITABLE - RELIGIOUS

Program Service Accomplishments

Program 1
Expenses: $2,163,118

VisionFor years, helping countries in need has been driven by a model based on charity aid assistance - giving handouts to the needy. But this kind of aid creates a dependency that cripples people...

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VisionFor years, helping countries in need has been driven by a model based on charity aid assistance - giving handouts to the needy. But this kind of aid creates a dependency that cripples people. NEW COVENANT MISSIONS [NCM] brings a new and invigorating model to missions: helping people to become self-sufficientStrategyNCM's strategy is to implement the principles of a "business as missions organization. It focuses on partnering with people in developing nations to instill sustainable business practices while meeting the core needs of individuals and their communities. To enable the people of Ethiopia to be self-sufficient in all areas of their lives, NCF has created seven unique Initiatives: * Church Planting, Health Care, Education and Personal Assistance Initiatives all help foster "Community Development". * The Finance, Innovation, and Marketing initiatives all help promote "Economic DevelopmentMissionThe mission of the New Covenant Missions is to: * Proclaim the gospel of Jesus Christ * Break the bonds of dependency on foreign aid by empowering individuals and communities to be self-sufficient Create a mutual partnership with people that enable long-term sustainability of their economy, their environment, and their community.Primary Focus1) Church Planting: The focus of New Covenant Foundation is to reach people for Jesus Christ. The Church Planting Initiative supports local church planters. Instead of bringing in foreign missionaries, NCM believes that the most effective way to spread Christs love is to enable people in their own country to minister to their own people. 2) Community Health Education: The focus is on the "preventative not curative" process. This is accomplished by providing basic health information and training throughout rural communities in southern Ethiopia. The training covers topics such as water purification, sanitation, agriculture, nutrition, maternal care and childcare, home care, prevention of disease including HIV/AIDS. They have shared this information in nearly 500 communities to over 900,000 people. Preliminary results show and estimated 50% reduction in the infant mortality rate and malnutrition rate.2024 New Covenant Missions Accomplishments640 African families were provided a job to plant churches at a monthly income ranging from $130 300 per month.24 African professionals were provided full time jobs to manage our work.2316 new Churches were formed.54610 people were added to these new churches as members and counseled to live a better life by the African families we support.721908 Africans were invited to be a part of the churches and had the Gospel of Jesus Christ shared with them.Continual support of an orphanage in Tanzania supporting 10 children.Built/started 2 freshwater projects (Zambia, Congo Republic)Construction of a Bible College in Ethiopia.Continued the process of building a school in Uganda to serve 150+ kids.Provided school uniforms and school supplies in Nigeria.Staffing and provision of uniforms and lunches for a public kindergarten school that we built in 2020 to serve 75 children in Ethiopia.Provided food, clothing, medical, and social care for 30 elderly Ethiopian widows and 10 orphans.Provided food relief to 5,800+ people in Ethiopia, Zambia and Niger.Provided language schools for 50+ students in Mauritania.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,357,279
Program Service Revenue $0
Investment Income $469
Other Revenue $719
TOTAL REVENUE $2,358,467

Expense Breakdown

Grants Paid $1,902,725
Salaries & Benefits $243,205
Fundraising Expenses $129,532
Program Expenses $2,163,118
Other Expenses $204,184
TOTAL EXPENSES $2,350,114

Year-over-Year Comparison

2024 2023 Change
Revenue $2,358,467 $2,306,582 +0.0%
Expenses $2,350,114 $2,223,764 +0.1%
Net Income $8,353 $82,818 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$112,545
Total Directors
7
$112,545
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK E LAURSEN Director 40.00
Officer Director
$112,545 $0 $112,545
MICHAEL STEMM Chairman 20.00
Officer Director
$0 $0 $0
DIANA KIMANI Secretary 0.00
Director
$0 $0 $0
DAVID HENDERSON Director 0.00
Director
$0 $0 $0
MICHAEL SMITH Vice President 4.00
Officer Director
$0 $0 $0
JEFF DAVIS Treasurer 0.00
Director
$0 $0 $0
BEN THOMAS Director 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,358,467 $2,350,114 $361,474 $8,353
2023 $2,306,582 $2,223,764 $366,858 $82,818
2022 $1,775,320 $1,813,872 $341,104 $-38,552
2021 $1,798,794 $1,699,079 $318,643 $99,715
2020 $1,252,273 $1,163,623 $204,897 $88,650
2019 $1,010,218 $959,778 $165,726 $50,440
2018 $665,384 $618,318 $85,591 $47,066
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