International Cooperating Ministries 
The information on this page was last updated 4/9/2024. If you see errors or omissions, please email: [email protected]
Summary
As an international Christian organization, our strategy is to reach the world for Christ effectively. Equipping local churches with the tools they need to grow allows entire nations to be blanketed with healthy churches. Also, when local churches invest their own effort and resources into each project, the result is a sense of ownership, long-term sustainability, and a greater impact for every dollar you give.
Contact information
Mailing address:
International Cooperating Ministries
99 Old Oyster Point Rd
Newport News , VA 23602
Website: icm.org
Phone: (757) 827-6704
Email: [email protected]
Organization details
EIN: 546338714
CEO/President: Janice Rosser Allen
Chairman: Janice Rosser Allen
Board size: 24
Founder: Dois I. Rosser, Jr & Pastor Dick Woodward
Ruling year: 1993
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2019
Purpose
Our Vision: A healthy church within walking distance of everyone in the world.
Mission statement
Nurture believers and assist church growth worldwide. We do this by partnering with indigenous ministries to equip local churches with two vital resources: A permanent church building and practical discipleship tools for oral learners.
Statement of faith
International Cooperating Ministries (ICM) uses the following to express its Statement of Faith:
We believe in one eternal God, Creator and Lord of the world, Father, Son, and Holy Spirit, who governs all things according to the purpose of His will.
We believe in Jesus Christ, God's Son, who is Savior and Lord, and who gave Himself as a ransom for sinners through His death on the cross. He rose from the dead and ascended to heaven, where, as truly God and truly man, Jesus is the only mediator between God and humankind.
We believe that all people are lost sinners and cannot see the Kingdom of God except through new birth. Justification is by grace through faith in Christ alone.
We believe in the power of the Holy Spirit, the very Spirit of God, sent to bear witness of the Son. We believe in the work of God's Spirit for the individual's new birth and growth, and for the Church's constant renewal in truth, wisdom, faith, holiness, love, power, and mission.
We believe the Old and New Testament Scriptures to be the only inspired, written Word of God, infallible and without error, our guide for faith and practice.
We believe in one holy, universal, and apostolic Church. The Church's calling is to worship and witness for Jesus Christ, who is the Head, preaching the Gospel among all nations and demonstrating its commitment by compassionate service to the needs of all people.
We believe that Jesus Christ will return personally and visibly in power and glory to consummate His salvation and His judgment. God will fully manifest His Kingdom when He establishes a new heaven and a new earth in which He is glorified forever and ever.
ICM subscribes to the Lausanne Covenant.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 277 of 1106 | 35 of 144 |
| Fund acquisition rating | | 825 of 1107 | 106 of 144 |
| Resource allocation rating | | 274 of 1107 | 38 of 144 |
| Asset utilization rating | | 96 of 1106 | 12 of 144 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 9% | 7% | 12% | 8% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 9% | 7% | 12% | 8% | 9% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 103% | 98% | 98% | 102% | 103% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 8% | 7% | 11% | 9% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | -3% | 2% | 2% | -2% | -3% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 89% | 91% | 87% | 89% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 104% | 95% | 113% | 88% | 96% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 93% | 87% | 98% | 78% | 85% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | -4% | 5% | -13% | 12% | 4% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | -15% | 14% | -30% | 30% | 11% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 8% | 2% | 2% | 2% | 2% | 3% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.33 | 3.45 | 2.85 | 2.41 | 2.19 | 2.50 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.58 | 1.35 | 1.45 | 1.35 | 1.43 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.02 | 5.46 | 3.83 | 3.50 | 2.96 | 3.58 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 19.87 | 34.09 | 29.47 | 19.51 | 42.69 | 25.40 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.03 | 0.03 | 0.05 | 0.02 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.62 | 2.13 | 3.02 | 3.25 | 3.95 | 3.22 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 2% | 3% | 9% | 2% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 6% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 67% | 28% | 34% | 38% | 45% | 39% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $990,537 | $3,249,486 | $1,972,277 | $2,514,547 | $700,200 |
| Receivables, inventories, prepaids | $369,520 | $278,048 | $401,935 | $469,162 | $1,867,407 |
| Short-term investments | $5,124,297 | $5,524,808 | $5,728,973 | $6,861,945 | $3,920,765 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6,484,354 | $9,052,342 | $8,103,185 | $9,845,654 | $6,488,372 |
| Long-term investments | $1,511,448 | $1,597,524 | $1,906,635 | $1,961,539 | $1,396,674 |
| Fixed assets | $2,147,563 | $1,516,321 | $1,288,514 | $1,232,254 | $1,207,073 |
| Other long-term assets | $127,402 | $29,713 | $473,934 | $291,337 | $195,015 |
| Total long-term assets | $3,786,413 | $3,143,558 | $3,669,083 | $3,485,130 | $2,798,762 |
| Total assets | $10,270,767 | $12,195,900 | $11,772,268 | $13,330,784 | $9,287,134 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $190,240 | $307,209 | $415,386 | $230,611 | $255,463 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $190,240 | $307,209 | $415,386 | $230,611 | $255,463 |
| Debt | $0 | $0 | $660,200 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,694 | $1,694 | $2,869 | $16,970 | $31,073 |
| Total long-term liabilities | $1,694 | $1,694 | $663,069 | $16,970 | $31,073 |
| Total liabilities | $191,934 | $308,903 | $1,078,455 | $247,581 | $286,536 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $3,142,638 | $8,513,963 | $5,346,216 | $8,113,112 | $2,639,519 |
| With donor restrictions | $6,936,195 | $3,373,034 | $5,347,597 | $4,970,091 | $6,361,079 |
| Net assets | $10,078,833 | $11,886,997 | $10,693,813 | $13,083,203 | $9,000,598 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $34,841,644 | $35,717,761 | $24,675,791 | $33,748,551 | $24,831,618 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($91,719) | $784,903 | $574,641 | $211,748 | $102,227 |
| Other revenue | ($841,724) | ($143,268) | ($57,512) | ($888,855) | ($728,809) |
| Total other revenue | ($933,443) | $641,635 | $517,129 | ($677,107) | ($626,582) |
| Total revenue | $33,908,201 | $36,359,396 | $25,192,920 | $33,071,444 | $24,205,036 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $31,569,497 | $31,581,057 | $24,705,892 | $25,872,485 | $20,462,975 |
| Management and general | $846,359 | $690,204 | $680,511 | $648,784 | $640,709 |
| Fundraising | $3,002,373 | $2,434,637 | $2,991,266 | $2,659,632 | $2,102,623 |
| Total expenses | $35,418,229 | $34,705,898 | $28,377,669 | $29,180,901 | $23,206,307 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($1,510,028) | $1,653,498 | ($3,184,749) | $3,890,543 | $998,729 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($1,510,028) | $1,653,498 | ($3,184,749) | $3,890,543 | $998,729 |
Compensation
| Name | Title | Compensation |
| Janice R Allen | President/Ce | $171,188 |
| Thomas Frommack | Chief Progra | $144,843 |
| Janice H Stringer | COO | $140,736 |
| Charles T Dammon | CAO | $136,495 |
| Nicholas P Lombardi | VP of Discip | $110,008 |
| David L King | Highest Comp | $102,292 |
Compensation data as of: 12/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/9/2024. To update the information below, please email: [email protected]
History
ICM was founded in 1986 by Dois Rosser, Jr. after hearing the incredible Bible teaching of Virginia pastor Dick Woodward.
Eager to get Woodward's unique survey of the Bible into the hands of indigenous pastors in India, Rosser set up ICM and began working with church leaders in India to translate the material into Hindi.
However, when Mr. Rosser learned that he could help congregations build their own churches for very little cost, his vision expanded. Church buildings gave Christians legitimacy in hostile cultures; devotional Bible studies produced in their heart language and distributed in audio transformed them into local evangelists. For more than 30 years, our international Christian organization has been using this cutting-edge strategy of partnering and leveraging to develop thriving churches in some of the world's least-reached mission fields.