2019-11-15T08:01:36-06:00 2018-12-31 363990892 Capin Crouse LLP 1000 Texan Trail STE 125 Grapevine TX 76051 990 2018-01-01 030487825 GFM Ministries GFMM 9727179857 PO Box 540294 Dallas TX 75354 Dr Amie Sarker Executive Vice President 9727179857 2019-11-15 1 Ted R Batson Jr P00721951 8173286510 139.146.132.42 2019-11-15 09:01:11 ES P 350FE1E716C3D49CF7DCFFC9F13DBC0748B74324 264AFE37330054C0E1C54764B499BC605E773665 2018 2020-04-17 16:48:07Z Dr Amie Sarker PO Box 540294 Dallas TX 75354 2023444 0 X www.gfmministries.org X 2002 TX Holistic, self-sustaining solutions to poverty with the love and hope of Christ. 10 6 12 75 0 0 1750973 1984519 33450 11766 59 7603 -3325 -56010 1781157 1947878 927568 829886 0 0 362936 565358 0 0 109464 438367 398622 1728871 1793866 52286 154012 587043 713212 55046 56283 531997 656929 The mission of GFM Ministries is to equip believers and bring holistic community transformation through self-sustaining solutions to poverty that share the love and hope of Christ. 0 0 1027338 829886 GFM Ministries is dedicated to bringing hope to Muslim people through holistic community transformation. GFM Ministries impacts Muslim communities with the love and hope of Christ through sustainable solutions to poverty while fulfilling the Great Commission. GFM Ministries provides services to over 250,000 people in rural South Asia, including distributing thousands of micro-loans (small loans given to help families start or develop a business to come out of poverty with dignity), operating 28 small primary schools and a rural hospital, providing much needed protein through our 60 tank fish farm, distributing other humanitarian aid, and establishing multiple faith community groups. 277500 11766 GFM equips believers to effectively reach Muslims with the love and message of Christ. GFM Ministries trained thousands of Christians through speaking events and its annual MBB Conference. GFM Ministries organizes and sends mission teams to serve with our work in South Asia. Through this initiative, GFM is empowering churches and individuals who share our vision to join us in reaching Muslims with the love and hope of Christ. 1304838 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 1 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 6 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X Rachel Vanegas 9727179857 PO Box 540294 Dallas TX 75354 Dr Abraham Sarker Executive Director 60.00 X X 147000 0 18338 Dr Amie Sarker Executive Vice President 20.00 X X 49231 0 3938 Dr Harold Sadler Chairman 2.50 X 0 0 0 Art Alexander Director 1.00 X 0 0 0 Carl Copeland Director 1.00 X 0 0 0 Alice Fretwell Director 1.00 X 14000 0 840 Laura Hefner Director 1.00 X 0 0 0 Sandra Siler Director 1.00 X 0 0 0 Dr David Cook Director 1.00 X 0 0 0 Michael Busch Director 1.00 X 0 0 0 210231 0 23116 1 0 1 0 0 360007 1624512 123704 1984519 Program Fees 900099 11766 11766 11766 7603 7603 17375 360007 74475 -57100 -57100 2181 1091 1090 1090 1947878 11766 0 -48407 23886 23886 806000 806000 233346 108866 96467 28013 30000 14206 12150 3644 231142 110472 92973 27697 8038 3240 3937 861 25726 10369 12600 2757 37106 16549 15671 4886 21327 21327 9694 5446 108 4140 7257 4910 514 1833 122668 63083 56306 3279 50915 50915 170354 136214 1786 32354 5 5 5878 5878 5718 1174 4544 4806 423 4383 1793866 1304838 379564 109464 456884 379275 112557 97341 8893 38376 21702 12292 16674 5310 211029 587043 713212 43452 54123 11594 2160 55046 56283 X 454900 656929 77097 0 531997 656929 587043 713212 154012 -29080 0 X X 1 X 0 1 0 X 1122032 1085644 1131274 1750973 1984519 7074442 1122032 1085644 1131274 1750973 1984519 7074442 3629904 3444538 36 50 32 59 3469 3646 13713 17375 31088 7109176 95739 0.48450 0.42060 X 0.87860 Schedule A, Part II, Line 10, Explanation of Other Income: Other Revenue - 2017 Amount: $ 638. Fundraising Revenue - 2017 Amount: $ 13,075. 2018 Amount: $ 17,375. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38376 21702 16674 16674 1994364 -29080 75566 46486 1947878 0 1947878 1869432 75566 75566 1793866 0 1793866 Part XI, Line 2d - Other Adjustments: Fundraising Expense 74,475. Cost of Goods Sold 1,091. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 74,475. Cost of Goods Sold 1,091. 1 South Asia 0 0 Grants Economic development, healthcare, outreach, education, mission trips 806000 South Asia 0 0 Program Services Mission trips 108237 0 0 0 0 0 0 914237 0 914237 South Asia Education, Outreach, Economic Development and Healthcare 806000 Wire Transfer Receipts for Purchases 1 0 0 0 0 0 0 0 Part I, Line 2: Recipient Organization representatives provide regular reports on funds received and how the funds were used toward specific program services. The Organization communicates regularly with the recipient organization and makes regular visits to the recipient's organization's offices and program sites to monitor the use of funds. The organization also utilizes technology and video monitoring to continually account for the activities that use the grant money. The Organization also has the opportunity to review the recipient's financial records. Part I, line 3: The organization uses the accrual method of accounting to account for foreign expenditures. 2018 Night of Hope 377382 360007 17375 1567 1800 22102 35300 13706 377382 360007 17375 1567 1800 22102 35300 13706 74475 -57100 1 Hope Loans International PO Box 543621 Dalas TX 75354 811208637 501(c)(3) 23616 Receipt and invoice Assist Hope Loans advertise, CRM and accounting system 1 0 Part I, Line 2: All expenses for Hope Loans International are paid until Hope Loans has the funds to pay their own expenses. Invoices and/or receipts are kept for any Hope Loans expense. These expenses are monitored in Blackbaud and are approved by the founders prior to being paid. X X 0 0 X X 0 0 0 0 0 0 0 0 0 Dr Abraham Sarker Executive Director 147000 0 0 0 0 0 10837 0 7501 0 165338 0 0 0 Part I, Line 1a The Executive Director and Executive Vice President's dependents may travel with them at times when they have a speaking engagement. This is treated as nontaxable. GFM Ministries hosts regular organizational events at a local country club. This is made possible because the Executive Director and Executive Vice President have a membership there. GFM Ministries reimburses the Executive Director and Executive Vice President for a portion of the social club dues they personally pay so that GFM Ministries pays less overall than having an institutional account with the country club. This is treated as nontaxable and is approved by the Board. Part I, Line 1b There is no current policy covering family travel for speaking engagements. GFM Ministries is in the process of drafting and implementing such a policy in the following tax year. Jack H Sadler Family Member of Dr. Harold Sadler, Chairman of the Board 30000 Employee Compensation 0 Dr Abraham Sarker Family Member of Dr. Amie Sarker, Exec. VP 165338 Employee Compensation 0 Dr Amie Sarker Family Member of Dr. Abraham Sarker, Exec. Director 53169 Employee Compensation 0 X 739 Appraised value X 5 120549 Market value X Cubicles 1 2416 Appraised value 0 0 0 0 Part I, Column (b): The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part VI, Section A, line 2 Dr. Abraham Sarker, Executive Director, and Dr. Amie Sarker, Vice President, have a family relationship. Form 990, Part VI, Section A, line 7a 75% of the members of the Board of Directors are elected by the Board Members. The remaining 25% of the members of the Board of Directors are selected by the Founders. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Executive Vice President is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The process for determining compensation of the organization's officers included comparability data and contemporaneous substantiation of the deliberation and decision. The organization includes review and approval by independent persons in the process of setting and approving the process. The Finance Committee reviews the compensation of all executive members and prepares a recommended compensation package which is presented to the full Board of directors for approval. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part VI, Line 13: The organization is in the process of drafting and implementing a written whistleblower policy. This question will be answered "yes" on the 12/31/2019 tax return. Form 990, Part VI, Line 14: The organization is in the process of drafting and implementing a written document retention and destruction policy. This question will be answered "yes" on the 12/31/2019 tax return. Form 990, Part XII, Line 2c: The Organization has a committee that assumes resopnsibility for oversight of the compilation of its financials and selection of an independent accountant. This process has not changed since prior year. Hope Loans International PO Box 543621 Dallas TX 75354 811208637 International Community Development TX 501(c)(3) Line 7 GFM Ministries 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 Hope Loans International B Hope Loans International N