Greater Europe Mission GEM

Summary

Greater Europe Mission is a mission movement that is committed to reaching Europe with the Gospel. Our purpose is to assist the peoples of Europe in building up the body of Christ so that every person in Europe is within reach of a witnessing fellowship. They seek to fulfill this purpose by equipping the people of Europe to share Christ, by starting churches and by training them in God's Word. Their desire is to come alongside Europeans to assist them in reaching their continent for Christ. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
18950 Base Camp Rd.
Monument, CO 80132-8009

Website: www.gemission.org

Phone: (719) 488-8008

Email: info@gemission.com


Organization details

EIN: 362345199

CEO/President: Rev. Ted Noble

Chairman: Mr. Chuck Stair

Board size: 10

Founder: Dr. Robert Evans

Year founded: 1952

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Greater Europe Mission is a mission movement that is committed to reaching Europe with the Gospel. Our purpose is to assist the peoples of Europe in building up the body of Christ so that every person in Europe is within reach of a witnessing fellowship. They seek to fulfill this purpose by equipping the people of Europe to share Christ, by starting churches and by training them in God's Word. Their desire is to come alongside Europeans to assist them in reaching their continent for Christ.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

Greater Europe Mission's Mission Statement is:

To assist the peoples of Europe in building up the Body of Christ so that every person in Europe is within reach of a witnessing fellowship.


Statement of faith

Greater Europe Mission's Statement of Faith is:

We believe the Bible to be the inspired, infallible, and authoritative Word of God.

We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His ascension to the right hand of the Father, and in His personal return to power and glory.

We believe that for salvation of lost and sinful man, regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in Christ.

Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating283 of 42353 of 78
Fund acquisition rating308 of 42364 of 78
Resource allocation rating267 of 42349 of 78
Asset utilization rating198 of 42334 of 78

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%10%8%7%7%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%8%7%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%97%97%98%97%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%10%9%7%7%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%3%3%2%3%7%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%80%81%82%82%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%100%95%99%97%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%80%77%81%80%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%0%5%1%3%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-1%7%2%4%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%10%11%11%12%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.301.381.261.381.331.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.541.401.421.481.511.55
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.541.931.782.052.012.13
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.9614.2113.4111.3212.4310.38
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.070.070.090.080.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.075.796.235.335.495.09
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%13%13%16%14%16%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%3%4%4%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%64%69%61%65%61%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$2,059,067$2,786,815$3,341,867$2,851,334$2,071,113
Receivables, inventories, prepaids$306,452$226,953$82,928$181,023$331,351
Short-term investments$8,108,364$7,626,842$5,792,851$6,016,427$6,130,797
Other current assets$660,640$318,198$219,515$224,644$318,065
Total current assets$11,134,523$10,958,808$9,437,161$9,273,428$8,851,326
Long-term investments$358,791$369,411$0$0$0
Fixed assets$3,788,110$3,914,722$3,938,376$4,066,372$4,148,017
Other long-term assets$299,462$292,009$629,809$637,066$706,662
Total long-term assets$4,446,363$4,576,142$4,568,185$4,703,438$4,854,679
Total assets$15,580,886$15,534,950$14,005,346$13,976,866$13,706,005
 
Liabilities20182017201620152014
Payables and accrued expenses$392,824$441,541$438,560$337,624$416,388
Other current liabilities$390,757$375,432$395,144$408,429$436,206
Total current liabilities$783,581$816,973$833,704$746,053$852,594
Debt$486,780$492,070$492,796$501,338$624,189
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$680,427$777,454$856,456$677,379$688,777
Total long-term liabilities$1,167,207$1,269,524$1,349,252$1,178,717$1,312,966
Total liabilities$1,950,788$2,086,497$2,182,956$1,924,770$2,165,560
 
Net assets20182017201620152014
Unrestricted$6,945,078$6,607,802$5,628,167$5,975,072$5,828,380
Temporarily restricted$6,685,020$6,840,651$6,194,223$6,077,024$5,712,065
Permanently restricted$0$0$0$0$0
Net assets$13,630,098$13,448,453$11,822,390$12,052,096$11,540,445
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$20,785,746$19,908,218$19,180,346$18,635,511$18,207,302
Program service revenue$296,723$335,512$254,846$348,713$325,865
Membership dues$0$0$0$0$0
Investment income$65,955$8,842$13,573$11,793$774,186
Other revenue$226,035$263,327$149,380$155,542$167,328
Total other revenue$588,713$607,681$417,799$516,048$1,267,379
Total revenue$21,374,459$20,515,899$19,598,145$19,151,559$19,474,681
 
Expenses20182017201620152014
Program services$17,101,041$15,872,163$15,925,965$15,295,995$15,136,581
Management and general$2,216,919$1,957,777$2,056,431$2,004,981$2,272,776
Fundraising$2,138,287$1,692,056$1,387,131$1,331,039$1,443,022
Total expenses$21,456,247$19,521,996$19,369,527$18,632,015$18,852,379
 
Change in net assets20182017201620152014
Surplus (deficit)($81,788)$993,903$228,618$519,544$622,302
Other changes in net assets$263,433$632,160($458,324)($7,893)$0
Total change in net assets$181,645$1,626,063($229,706)$511,651$622,302

Response from ministry

No response has been provided by this ministry.


History

Greater Europe Mission (GEM) was founded by Dr. Robert Evans in 1949. For more than 50 years God has supernaturally placed people from many Christian backgrounds into the Greater Europe Mission (GEM) family. Now, more than 400 missionaries serve in 29 countries through GEM.


Program accomplishments


Needs