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Reciprocal Ministries International, Inc. / RMI

Rating
Sector:

Evangelism Support

Total
Revenue:

$1,253,438

Total
Expenses:

$1,305,694

Net
Assets:

$84,826

Profile Changes

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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 82% 88%
General & Admin 12.6% 10.5%
Fundraising 6.2% 5.1%
Savings -1% -4.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Reciprocal Ministries International, Inc. ("RMI") is a ministry dedicated to spreading the Gospel of Jesus Christ through establishing, developing and promoting all aspects of church ministry and missionary activity in the Third World. RMI is the layperson's mission. Its Sister Church Program links churches cross-culturally and helps build relationships that are reciprocal, intimate, in-depth, ongoing, practical, and spiritual. Facilitated by the ministry's cross-cultural staff and a many faceted ten week training program on cassette, an ongoing relationship develops between a US church and a third world church that is: In depth, Intimate, Practical and Reciprocal. RMI provides short term/career missionaries, work teams, ministry teams and sister church relationships. The ministry desires to have churches and individuals make themselves and their funds available to help the needy of the world. 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: [ Back to top ]

Mailing Address:5475 Lee Street Suite 301
Lehigh Acres, FL
33971-3971
Website: www.rminet.org
Phone:(239) 368-8390, (877) 764-5439
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 650062156
CEO/President: Mr. Dan Shoemaker Tax Deductible: Yes
Chairman: Mr. Larry Smith Fiscal Year End: April 30
Board Size: 6 Financial info from: 990
Founder: Mr. Herbert Shoemaker Member of ECFA: Yes
Year Founded: 1990 Member of ECFA since: 1991

Purpose [ Back to top ]

Reciprocal Ministries International, Inc. ("RMI") is a ministry dedicated to spreading the Gospel of Jesus Christ through establishing, developing and promoting all aspects of church ministry and missionary activity in the Third World. RMI is the layperson's mission. Its Sister Church Program links churches cross-culturally and helps build relationships that are reciprocal, intimate, in-depth, ongoing, practical, and spiritual. Facilitated by the ministry's cross-cultural staff and a many faceted ten week training program on cassette, an ongoing relationship develops between a US church and a third world church that is: In depth, Intimate, Practical and Reciprocal. RMI provides short term/career missionaries, work teams, ministry teams and sister church relationships. The ministry desires to have churches and individuals make themselves and their funds available to help the needy of the world.

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 [ Back to top ]

Reciprocal Ministries International, Inc.'s Mission Statement is:

Dedicated to spreading the Gospel of Jesus Christ through establishing, developing and promoting all aspects of church ministry and missionary activity in the Third World

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

    RMI uses the following to express its history:

    Throughout the early years of missionary service, among many other ministries on the Haiti field, Herb and Shirley Shoemaker were asked to host youth and adult church teams to Haiti. The immediate results were most gratifying as God worked in both the U.S. church team and in the members of the national church.

    The national church was encouraged and their ministry enhanced through the ministry of the U.S. team. The U.S. team went home highly motivated and deeply moved by the interaction with God's people.

    However, the ultimate results were less than satisfying:
  • There was no prior training to prepare the groups for a profitable cross-cultural experience;
  • Therefore, needs of the whole of Haiti weighed heavily on the visiting groups and they often became overwhelmed;
  • There was no follow up action taken to meet the needs. Promises were made with good intentions, but were most often not carried out;
  • The teams were not able to bring the U.S. church into a meaningful involvement.

    They felt that there was the need for a church to church relationship that would not be so overwhelming as trying to deal with the needs of the entire country of Haiti ! This would also present the possibility of a more personal, in-depth, ongoing relationship. They began to seek God's mind. During that time, Herb was studying Ephesians 3, which speaks of God's eternal purpose: the bringing together of His people from amongst the Jews and Gentiles, as members in the universal Body of Christ. The purpose of this, as explained in verse 11 of this same chapter, was to show forth the wisdom of God to people on earth and to the heavenly beings. They were encouraged through these thoughts from scripture, to develop a program that would continue to bring God's people together, cross-culturally - RMI's Sister Church Program !

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 RatingStarStarStarStar44 of 353    4 of 35
Fund Acquisition DecisionStarStarStar127 of 353      14 of 35
Resource Allocation DecisionStarStarStar123 of 353      12 of 35
Asset Utilization DecisionStarStarStarStarStar8 of 353      1 of 35
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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 Average20082007200620052004
Return on FR Efforts9%5%5%1%1%0%
Fundraising Cost Ratio6%5%4%1%1%0%
Contributions Reliance83%100%90%89%88%0%
Fundraising Expense Ratio6%5%4%1%1%0%
Other Revenue Reliance17%0%10%11%12%0%
Operating RatiosDatabase Average20082007200620052004
Program Expense Ratio81%85%83%88%86%0%
Spending Ratio101%104%99%94%100%0%
Program Output Ratio82%88%83%82%86%0%
Savings Ratio-1%-4%1%6%0%0%
Reserve Accumulation Rate2%-47%6%81%0%0%
General & Admin Ratio13%11%13%11%12%0%
Investing RatiosDatabase Average20082007200620052004
Total Asset Turnover2.62x13.92x8.37x8.05x9.56x0x
Degree of L-T Investment3x1.33x1.2x1.13x1.09x0x
Current Asset Turnover4.92x18.49x10.07x9.11x10.44x0x
Age of Assets9.6yr(s)6.3yr(s)6.8yr(s)4.9yr(s)4.7yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20082007200620052004
Current Ratio117.87x7.87x8.35x13.25x2.04x0x
Current Liabilities Ratio.32x.13x.12x.08x.49x0x
Liquid Reserve Level5.67x.57x1.05x1.22x.59x0x
Solvency RatiosDatabase Average20082007200620052004
Liabilities Ratio.23x.1x.13x.07x.48x0x
Debt Ratio.06x0x0x0x.03x0x
Reserve Coverage Ratio86%8%10%8%5%0%

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$70,018$130,991$119,785$97,011$81,619
Receivables, Inventories & Prepaids$588$588$2,896$482$545
Short-Term Investments$0$0$0$0$0
Total Current Assets$70,606$131,579$122,681$97,493$82,164
Long-Term Investments$0$0$0$0$0
Fixed Assets$22,896$26,582$15,777$8,052$12,157
Other Long-Term Assets$300$300$300$922$922
Total Long-Term Assets$23,196$26,882$16,077$8,974$13,079
TOTAL ASSETS$93,802$158,461$138,758$106,467$95,243
Liabilities20082007200620052004
Payables & Accrued Expenses$8,976$15,755$9,256$47,811$32,456
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$8,976$15,755$9,256$47,811$32,456
Debt$0$0$0$3,551$7,474
Other Long-Term Liabilities$0$5,624$0$0$0
Total Long-Term Liabilities$0$5,624$0$3,551$7,474
TOTAL LIABILITIES$8,976$21,379$9,256$51,362$39,930
Assets20082007200620052004
Unrestricted$60,542$35,623$23,375$0$0
Temporarily Restricted$23,384$100,559$105,227$54,205$54,413
Permanently Restricted$900$900$900$900$900
NET ASSETS$84,826$137,082$129,502$55,105$55,313
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$1,252,635$1,196,896$1,065,074$900,523$726,034
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$111$245($631)$668$738
Other Revenue$692$136,052$127,255$116,364$104,469
Total Other Revenue$803$136,297$126,624$117,032$105,207
TOTAL REVENUE$1,253,438$1,333,193$1,191,698$1,017,555$831,241
Expenses20082007200620052004
Program Services$1,104,054$1,102,458$982,533$880,144$731,490
Management & General$137,594$167,617$124,774$127,037$99,010
Fundraising$64,046$55,538$9,994$10,582$16,856
TOTAL EXPENSES$1,305,694$1,325,613$1,117,301$1,017,763$847,356
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)($52,256)$7,580$74,397($208)($16,115)
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS($52,256)$7,580$74,397($208)($16,115)

Functional Expenses [ Back to top ]

Funding Ratios20082007200620052004
Grants & Allocations$0$0$0$0$0
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$245,918$254,549$122,340$105,374$101,564
Other Salaries, Wages$168,790$184,230$221,340$156,075$108,502
Pension Plan Contributions$6,100$6,600$14,899$12,300$15,600
Other Employee Benefits$42,475$36,157$21,683$12,646$14,791
Payroll Taxes$23,128$23,804$20,701$15,251$11,550
Professional Fundraising Fees$8,025$4,275$0$0$0
Accounting Fees$4,000$2,650$2,870$2,500$2,750
Legal Fees$0$0$0$0$0
Supplies$16,547$27,574$21,739$35,853$19,750
Telephone$13,013$13,687$17,212$9,682$6,387
Postage & Shipping$13,716$22,040$13,356$10,207$7,768
Occupancy$26,198$33,171$22,538$23,583$18,493
Equipment Rental & Maintenance$0$0$0$0$0
Printing & Publications$11,716$6,867$4,469$433$5,467
Travel$0$0$143$0$0
Conferences, Conventions & Meetings$0$0$0$5,728$11,517
Interest$0$0$105$516$854
Depreciation, Depletion etc.$5,686$4,400$5,527$9,194$8,081
Other Expenses$720,382$705,609$628,379$618,421$514,282
Total Functional Expenses$1,305,694$1,325,613$1,117,301$1,017,763$847,356