2023-11-09T10:12:19-08:00 2022-12-31 453941127 WEST CHRISTENSEN DEGOMEZ & IGNACE PLLC 705 N Beaver St Flagstaff AZ 86001 990 2022-01-01 330780945 STRATEGIC RESOURCE GROUP INC STRA 2069195312 PO BOX 1809 EASTON MD 21601 G HASTINGS Treasurer 2023-11-09 true G HASTINGS 999009999 true DONALD R IGNACE CPA P00371741 9287743636 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z J LATTURE PO BOX 1809 EASTON MD 21601 41581214 false X N/A X 1997 MD Provide resources to missionary organizations, indigenous churches and other Christian ministries in support of expression of the love of Christ to people in the Arabian Peninsula, Middle East, North Africa, Iran and Turkey. 6 6 3 5 0 36932006 41308219 0 685384 149362 -15387 0 37602003 41457581 26675545 32737538 0 367306 405492 0 1035156 5371798 7206479 32414649 40349509 5187354 1108072 17968260 17542917 345911 1947125 17622349 15595792 X Provide resources to missionary organizations, indigenous churches and other Christian ministries. false false 16012610 15984118 Geographic Funds/PROGRAM GRANTS: Provided 786 grants funding 418 projects for 190 missionary organizations, indigenous churches and other Christian ministries that work in the Arabian Peninsula, Middle East and North Africa, Pakistan and Afghanistan. 9926343 9379763 Strategic Initiatives: As we work in the Middle East and North Africa regions, we sometimes observe a ministry opportunity that is not being implemented by anyone or a new ministry method that needs to be developed to increase the effectiveness of our ministry partners. We then define a project, initiate research and development and, when fully developed, transfer the developed initiative on to our ministry partners or help establish a new organization that will become a ministry partner to continue implementing the initiative. Two examples of this work are the MENA Leadership center and the Middle East Trauma Healing Resource Center. During the year we provided various grants to organizations we helped develop as a part of this program. Lastly, grants given includes $6.1 million of Gifts in Kind pharmaceutical products distributed in the Middle East & North African region. 8054216 7373657 Sector Funds: Sector Funds are subject oriented and fund projects that pertain to multiple countries in the regions SRG serves. Examples include media, women and infrastructure. 3880629 37873798 true true false false false false false false false false true false false true true true true false false true true true false false false false false true false true false false false true false true false false true false false false true false false false false true 63 0 true 3 true false false false false false false false 0 false false false false false false false X 6 6 true false false false false false false true true false false true true true true true true true true false CA X A WANGNER 4102530208 PO Box 1809 EASTON MD 21601 X T Cramer Project Management 40.00 0.00 174750 0 0 D HARRIMAN RD CONSULTANT 40.00 0.00 160000 0 0 J LATTURE CHAIRMAN 2.00 0.00 X X 0 0 0 A WEIGEL Secretary 2.00 0.00 X X 0 0 0 L DOLL DIRECTOR 10.00 0.00 X 0 0 0 J BIRCHFIELD Director 10.00 0.00 X 0 0 0 G HASTINGS Treasurer 20.00 0.00 X 0 0 0 D NEAL Director 30.00 0.00 X X 0 0 0 P SCHULTHEIS DIRECTOR 30.00 0.00 X 0 0 0 R GRAF Director 30.00 0.00 X 0 0 0 334750 2 false true false RJE Consulting Services 29706 Maribel ln easton MD 21601 Strategic Initative Consu 177304 American Bible Society 101 N Independence Mail East 9 flr Philadelphia PA 19104 project management consul 172713 Ministry Desk LLC 4600 Shelbyville road 7802 louisville KY 40207 project management consul 170886 CALVIN EDWARDS & COMPANY 1200 ASHWOOD PARKWAY SUITE 140 ATLANTA GA 30338 RD & MFD Services 281245 Forerunner Strategic Services Inc 12501 Askew Street Grandview MO 64030 Strategic Services 269500 14 41308219 11473296 41308219 0 150470 150470 0 0 0 122525 123633 -1108 -1108 -1108 0 0 0 0 41457581 -1108 150470 15571138 15571138 0 17166400 17166400 0 0 0 376750 174750 42000 160000 0 2362 1593 769 26380 11648 3298 11434 0 750 750 40760 40760 0 0 0 63149 63149 216319 216319 76615 30341 46274 414212 414212 0 0 618885 475958 60915 82012 0 927973 797741 31148 99084 5875 5875 0 90637 90637 67650 67650 Project management consultants 2809032 2809032 Sector Fund Consultants 680559 680559 strategic Serv support service 464875 464875 resource dev consultant 163886 163886 565302 154638 109012 301652 40349509 37873798 1440555 1035156 7690065 5324612 0 0 80677 0 0 0 1272939 1196336 0 29078 120855 43064 40675 4325 2389 8087498 5242923 275 275 0 305527 803403 5350000 17968260 17542917 261662 381680 84249 65445 1500000 345911 1947125 X 11365568 12895879 6256781 2699913 17622349 15595792 17968260 17542917 X 1108072 -2844629 -290000 X false true X true false X 18554765 21103073 28062920 36932006 41308219 145960983 0 0 18554765 21103073 28062920 36932006 41308219 145960983 17735309 128225674 61915 21750 14832 46815 150470 295782 -15387 -15387 0 146241378 0.87680 0.86570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38269 35880 2389 4795 4795 2389 ROUNDING WIP - MOBILE APP 5350000 Advance Deposit for Sale of Other Asset 1500000 1500000 X 38612952 -2844629 -2844629 41457581 41457581 40639509 290000 290000 40349509 40349509 Part X : FIN48 Footnote PT X Line 2: There were no uncertain tax positions identified that would have a material effect on the financial statements. Part XII, Line 2d: Other expenses and losses per audited F/S Impairment loss on real estate invest $290000 true Europe 0 3 Grants to recipients in region Grants 3794827 Middle East & NORTH AFRICA 0 11 Grants to recipients in region Grants 12864573 Sub-Sahara Africa 0 0 Grants to recipients in region Grants 5000 South Asia 0 0 Grants to recipients in region Grants 325500 North America 0 0 Grants to recipients in region Grants 162500 East Asia & Pacific 0 0 Grants to recipients in region Grants 14000 14 14 17166400 17166400 East Asia & Pac See schedule 14000 Check & wire N/A Book Europe See schedule 3794827 Check & wire N/A Book Middle East & N See schedule 6712460 Check & wire 6152113 Medicines Wholesale North America See schedule 162500 Check & wire N/A Book South Asia See schedule 325500 Check & wire N/A Book Sub-Sahara Afri See schedule 5000 Check & wire N/A Book 20 98 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US Grantees are required to submit periodic progress reports. On-site progress audits are conducted by representatives of Strategic Resource Group, Inc. Part I, Line 3f - Method of Accounting The basis of accounting is the accrual method. Part II, Line 1 - Method of Accounting The basis of accounting is the accrual method. true See attached list for sch I SRG MD 21601 Exhibit II 15571138 0 Book See attached list 84 3 Grantmaker's Description of How Grants are Used Grantees are required to submit periodic progress reports. On-site progress audits are conducted by representatives of Strategic Resource Group, Inc. X X X false false false false false false false false false D HARRIMAN RD CONSULTANT 160000 160000 T Cramer Project Management 174750 174750 L Doll Director program X 100000 65445 false true true 65445 R Graf Board Member 500000 Advance to purchase Inves false Schedule L, Part V Supplemental Information A board member advanced $500,000 to the organization near the end of 2022 to purchase a portion of the University Square Partnership, LP interest donated to the organization in 2022. The amount is recorded as a other liability at 12/31/22 as the purchase transaction closed in 2023. The independent members of the Board, excluding Board Member involved approved that transaction unanimously. The business purpose for the sale of the partnership interest was simply to liquidate a non-cash asset for purposes of ministry activities. The purchase price of the non-cash asset was determined based on an arms-length agreement to sell it at what equated to Fair Value. X 1 121183 FMV X 2 6152113 wholesale X Partnership Interest 1 5200000 Fair Value 1 false true false Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Kingdom Investment Committee (KIC)- KIC is SRG's Kingdom Investment Committee. KIC is a committee that reports to the Board and is responsible for defining the strategic direction and priorities for grant making. It approves all Fund Prospectuses and the macro and micro allocation (use of funds) for all SRG activities. It also instigates Strategic Initiatives. OTHER PROGRAM SERVICES 5: Sector Funds: Sector Funds are subject oriented and fund projects that pertain to multiple countries in the regions SRG serves. Examples include media, women and infrastructure. Form 990, Part VI, Section A, Line 2 Two of the board members are partners in a for profit business. Form 990, Part VI, Section B, Line 11b The treasurer will email a copy off the 990 to the board for their review before filing. Form 990, Part VI, Section B, Line 12c THE POLICY IS INCLUDED IN STAFF MANUALS AND IS RE-CIRCULATED NO LESS THAN ANUALLY, OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A WRITTEN STATEMENT ANNUALLY DISCLOSING INTEREST THAT COULD REPRESENT A CONFLICT. Form 990, Part VI, Section B, Line 15b COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY AN INDEPENDENT FINANCE COMMITTE AFTER CONSIDERING COMPENSATION PAID BY COMPARABLE ORGANIZATIONS AND IS APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 FORM 990, FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICES OF THE ORGANIZATION. Form 990, Part XI, Line 9 IMPAIRMENT LOSS ON DONATED REAL ESTATE INVESTMENT = -$290000 MENA Investment Group LLC 16148 Sand Canyon Avenue Irvine CA 926183715 260561267 Loans and Investments DE Strategic Resource Group Inc false false false false false false false false false false false false false false false false false false false