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Galcom International USA

Rating
Sector:

Evangelism Support

Total
Revenue:

$774,437

Total
Expenses:

$724,017

Net
Assets:

$393,633
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 89.9%
General & Admin 12.6% 3.7%
Fundraising 6.8% 0%
Savings -4.3% 6.5%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Galcom International (GALC) is a Christian Missions Organization with a vision to provide high tech communications to the mission field in order to spread the Gospel to those who have never heard the saving message of Jesus Christ. Its goal is to help churches and other mission organizations send out the gospel in any way possible. Started nine years ago, this ministry has sent the Gospel to the most areas of the world. GALC is the non-profit U.S. organization that works with Galcom International in Canada to send "GO-YE" radios (as well as other "hi-tech" tools) into the mission field. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.

Contact Information: [ Back to top ]

Mailing Address:P.O. Box 270956 11621 Carrollwood Drive (33618)
Tampa, FL
33688-0956
Website: www.galcom.org
Phone:(813) 933-8111
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 237248591
CEO/President: Mr. Gary Nelson Tax Deductible: Yes
Chairman: Mr. Gary Nelson Fiscal Year End: December 31
Board Size: 12 Financial info from: 990
Founder: Harold Kent, Ken Crowell and Allan McGuirl Member of ECFA: No
Year Founded: 1986 Member of ECFA since:

Purpose [ Back to top ]

Galcom International (GALC) is a Christian Missions Organization with a vision to provide high tech communications to the mission field in order to spread the Gospel to those who have never heard the saving message of Jesus Christ. Its goal is to help churches and other mission organizations send out the gospel in any way possible. Started nine years ago, this ministry has sent the Gospel to the most areas of the world. GALC is the non-profit U.S. organization that works with Galcom International in Canada to send "GO-YE" radios (as well as other "hi-tech" tools) into the mission field.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.

Mission Statement [ Back to top ]

Galcom International's Mission Statement is:

"A) to reach the people groups who've never heard the gospel in a language they understand.

B) to provide fix-tuned radios to people groups who:
1) cannot afford a radio.
2) cannot afford or have access to batteries.
3) cannot operate a radio due to a lack of electricity.

C) to reach the masses:
1) in refugee camps.
2) in million-less populated cities.
3) in prisons.
4) in institutions where there are handicaps and shut-ins.

D) to use fix-tuned radios to complement other ministries in specific people groups"

Program Accomplishments [ Back to top ]

Venezuela
Low Powered Radio Station increased to 1,000 Watts in November, 1998 is now reaching thousands in the Amazon River Basin. Many saved including a family of four contacted by one of the team members.

Lebanon
Military leader finds the true Messiah through a Galcom fix-tuned radio and shares the message with his men.

Mexico
Radios dropped by parachute in 1998 into unreached villages of the Andes Mountains. Many hearing the Gospel for the first time. Already there are reports of people responding to the message.

Northern Iraq
Low powered radio station now reaching 1,250,000 Kurds with the Gospel. Several thousand fix-tuned radios distributed. Churches are being planted in this persecuted area.

Estonia
Hundreds have come to the Lord and churches have been established in the past few years with Low Powered Broadcasting.

Philippines
Thousands of fix-tuned radios have been distributed. A prisoner accepted Christ after stealing a fix-tuned radio.

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

Need History Info

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEvangelism Support Sector
Overall Efficiency RatingStarStarStarStarStar5 of 348    1 of 37
Fund Acquisition DecisionStarStarStarStarStar5 of 348      2 of 37
Resource Allocation Decision of 348      5 of 37
Asset Utilization Decision of 348      5 of 37
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20102009200820072006
Return on FR Efforts10%0%0%0%1%1%
Fundraising Cost Ratio7%0%0%0%1%1%
Contributions Reliance83%100%99%100%100%100%
Fundraising Expense Ratio7%0%0%0%1%1%
Other Revenue Reliance17%0%1%0%0%0%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%96%94%97%96%97%
Spending Ratio104%93%122%85%101%100%
Program Output Ratio84%90%115%83%98%97%
Savings Ratio-4%7%-22%15%-1%0%
Reserve Accumulation Rate4%13%-33%46%-5%1%
General & Admin Ratio13%4%6%3%3%2%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x1.84x1.84x2.62x3.52x4.52x
Degree of L-T Investment3.06x1x3.36x1x1x1.01x
Current Asset Turnover5.43x1.85x6.19x2.63x3.53x4.55x
Age of Assets10.5yr(s)9.5yr(s)0.0yr(s)4.9yr(s)16.3yr(s)9.2yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x0x0x0x0x0x
Current Liabilities Ratio.38x0x0x0x0x0x
Liquid Reserve Level4.95x6.5x1.94x4.56x3.4x2.64x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x0x0x0x0x.01x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%54%54%38%28%22%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$341,525$49,443$403,908$195,797$202,548
Receivables, Inventories & Prepaids$0$1,884$1,884$960$1,271
Short-Term Investments$50,720$50,720$50,720$50,720$63,424
Total Current Assets$392,245$102,047$456,512$247,477$267,243
Long-Term Investments$0$0$0$0$0
Fixed Assets$1,388$1,166$1,222$997$1,661
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$1,388$1,166$1,222$997$1,661
TOTAL ASSETS$393,633$343,213$457,734$248,474$268,904
Liabilities20102009200820072006
Payables & 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
Other Long-Term Liabilities$0$0$0$0$2,107
Total Long-Term Liabilities$0$0$0$0$2,107
TOTAL LIABILITIES$0$0$0$0$2,107
Assets20102009200820072006
Unrestricted$393,633$343,213$457,734$248,474$266,797
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$393,633$343,213$457,734$248,474$266,797
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$772,266$511,752$1,403,114$857,842$1,212,525
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$2,128$4,975$6,798$3,853$5,013
Other Revenue$43$0$85$0$0
Total Other Revenue$2,171$4,975$6,883$3,853$5,013
TOTAL REVENUE$774,437$516,727$1,409,997$861,695$1,217,538
Expenses20102009200820072006
Program Services$696,509$596,328$1,165,458$840,874$1,180,993
Management & General$27,508$34,920$35,279$25,322$24,656
Fundraising$0$0$0$7,622$10,011
TOTAL EXPENSES$724,017$631,248$1,200,737$873,818$1,215,660
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$50,420($114,521)$209,260($12,123)$1,878
Other Changes in Net Assets$0$0$0$6,200$20,300
TOTAL CHANGE IN NET ASSETS$50,420($114,521)$209,260($5,923)$22,178