Galcom International USA

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/12/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Galcom International USA, Inc.'s purpose is to promote the New Testament message of Jesus Christ in the Tampa Bay Area and around the world by any means available, including Christian radio and other tools that current technology makes available. We will assist other Christian ministries by funding the purchase of audio Bibles and radios fix-tuned to Christian radio stations in mission areas to be donated to low income potential listeners. Our technology is also utilized in disaster-relief circumstances where communication is limited.

Galcom International USA, Inc. is a 501(c)3 not for profit organization and contributions are tax deductible to the extent allowable by law.


Contact information

Mailing address:
P.O. Box 270956
Tampa, FL 33688-0956

Website: www.galcomusa.com

Phone: (813) 933-8111

Email: tom@galcomusa.org


Organization details

EIN: 237248591

CEO/President: Mr. Gary Nelson

Chairman:

Board size: 10

Founder: Harold Kent, Ken Crowell and Allan McGuirl

Year founded: 1986

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Galcom International USA, Inc.'s purpose is to promote the New Testament message of Jesus Christ in the Tampa Bay Area and around the world by any means available, including Christian radio and other tools that current technology makes available. We will assist other Christian ministries by funding the purchase of audio Bibles and radios fix-tuned to Christian radio stations in mission areas to be donated to low income potential listeners. Our technology is also utilized in disaster-relief circumstances where communication is limited.

Galcom International USA, Inc. is a 501(c)3 not for profit organization and contributions are tax deductible to the extent allowable by law.


Mission statement

See Purpose


Statement of faith

Galcom International USA, Inc. uses the following to express its Statement of Faith:

-We believe in one God, in three Persons: God the Father, Jesus the Son of God, and God the Holy Spirit, yet each is truly Deity.
-We believe the Bible is the inspired Word of God and is the one and only authority for Christian faith, doctrine and practice.
-We believe in God the Father who is all-powerful, all-knowing and everywhere present and is the Father of us all.
-We believe in God the Son and the historical Jesus Christ of Nazareth are one and the same, and that He was fully divine and fully human, conceived by the Holy Spirit, born of a virgin.
-We believe in the Holy Spirit who indwells those who receive Christ. We can be baptized in the Holy Spirit and empowered with gifts for Christian service.
-We believe all mankind is in need of redemption from sin and that salvation is received individually by grace through faith in the atoning work of Jesus' death on the cross.
-We believe that Jesus rose from the dead, conquering sin, death and the grave.
-We believe in Jesus' eminent return to judge all mankind, both living and dead.
-We believe in one true, holy, universal, and apostolic Church comprised of all those who have been redeemed by accepting the sacrificial death of Christ on the cross as payment for sin.
-We believe that our Lord has commissioned His Church (The Great Commission) to take the gospel to the uttermost parts of the earth, to those who have never heard about Jesus. Galcom is committed to having a part in the fulfillment of this great commission through Christian radio and other means of proclaiming the gospel to the unreached.
-Our day-to-day operation and this project supports this statement of faith and the fulfilling of His Great Commission.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating94 of 8946 of 51
Fund acquisition rating34 of 8941 of 51
Resource allocation rating107 of 8947 of 51
Asset utilization rating496 of 89426 of 51

Click here to read Galcom International USA's response to our ratings


Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%0%0%0%0%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%92%93%95%95%95%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%96%94%104%91%113%
Program output ratio Program output ratio =
Program services /
Total revenue
79%88%87%98%86%108%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%4%6%-4%9%-13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%6%8%-6%14%-21%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%7%5%5%5%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.331.201.261.501.321.75
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.301.001.001.011.011.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.131.201.271.511.331.77
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.800.000.000.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.179.979.457.948.996.76
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%0%0%0%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
72%83%79%66%75%57%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$560,991$529,730$486,579$518,569$441,774
Receivables, inventories, prepaids$0$0$0$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$560,991$529,730$486,579$518,569$441,774
Long-term investments$0$0$0$0$0
Fixed assets$710$1,524$2,542$3,491$5,605
Other long-term assets$700$700$700$700$700
Total long-term assets$1,410$2,224$3,242$4,191$6,305
Total assets$562,401$531,954$489,821$522,760$448,079
 
Liabilities20202019201820172016
Payables and accrued expenses$0$0$0$0$0
Other current liabilities$0$0$0$0$0
Total current liabilities$0$0$0$0$0
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,077$1,604$1,555$6,564$2,692
Total long-term liabilities$1,077$1,604$1,555$6,564$2,692
Total liabilities$1,077$1,604$1,555$6,564$2,692
 
Net assets20202019201820172016
Unrestricted$0$0$410,315$372,190$313,041
Temporarily restricted$0$0$77,951$144,006$132,346
Permanently restricted$0$0$0$0$0
Net assets$561,324$530,350$488,266$516,196$445,387
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$705,915$714,254$707,318$762,736$690,371
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$202$253$245$260$183
Other revenue$0$0$0$0$0
Total other revenue$202$253$245$260$183
Total revenue$706,117$714,507$707,563$762,996$690,554
 
Expenses20202019201820172016
Program services$621,790$623,528$696,085$656,273$743,490
Management and general$53,353$48,895$39,408$35,914$40,148
Fundraising$0$0$0$0$0
Total expenses$675,143$672,423$735,493$692,187$783,638
 
Change in net assets20202019201820172016
Surplus (deficit)$30,974$42,084($27,930)$70,809($93,084)
Other changes in net assets$0$0$0$0$0
Total change in net assets$30,974$42,084($27,930)$70,809($93,084)

Compensation

NameTitleCompensation
Tom BlackstoneExec Dir/Vic$71,720
Stacy BlackstoneSecr./Treasu$35,652

Compensation data as of: 12/31/2020


Response from ministry

Because the ministry operates on the modified cash basis of accounting, expenses are recognized when funds are disbursed. In years evidencing a loss, the loss was the direct result of tithe funds allocated in one year but not disbursed until the following thereby distorting expenses for the year in which disbursement occurred. Management makes every effort to allocate and disburse in the same fiscal year whenever possible.

In order to ensure long term viability in the event of significant donor loss, the board of directors felt it wise to put reserves in place to allow for a significant portion of one year's operation.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/12/2021. To update the information below, please email: info@ministrywatch.com


History

In 1985, Harold Kent, a businessman in Tampa, Florida, USA, with his wife, Jo Ann, had a vision to reach the unreached of the world with the Gospel. God impressed upon him that by using fix-tuned radios, more people could be reached. At the same time in Tiberias, Israel, Ken and Margie Crowell had an established tentmaking mission called Galtronics, manufacturing cell phone antennas. God asked Ken to design a fix-tuned radio. Meanwhile, Allan T. McGuirl, then Canadian Director of Gospel Recordings in Hamilton, Ontario, Canada, made a trip to a remote area of Kenya where God gave him the vision to build a solar powered fix-tuned radio to reach remote villages around the world.

By His providence, God brought the three men together. At the IFMA conference in February 1989, Harold, Ken and Allan put together a plan. The concept was for Ken to make the radios in Israel, Harold would sponsor the funds needed and Allan would determine needs, liaise with evangelical organizations and arrange distribution. Very soon after that meeting, Galcom International started production of radios. On August 15, 1989, Galcom International officially began in Canada and the US. The solar powered fix-tuned radios were named the "Go-Ye" radio. The first 40,000 radios were fix-tuned to Voice of Hope, AM 945 broadcasting from Lebanon. The radios were sent into Syria, Lebanon and Jordan. Over 20 years later, more than 900,000 radios have been distributed in 126 countries. Millions of people are able to hear God's word daily through the Galcom ministry.

In 1988, God gave three men in different circumstances, the desire to bring His message of Salvation and Love to unreached people through radio. God does miraculous things when people listen and follow His leading ... even building little solar powered fix-tuned radios.


Program accomplishments

The program highlights for 2020 were 32,008 units for Sub Saharan Africa and 6,656 units for various other locations throughout the world. In addition, compassionate donors contributed to providing basic nutritional sustenance to low income residents significantly impacted by COVID 19 in countries in which GalcomUSA has trusted ministry partners serving local communities.


Needs