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Service Over Self, Inc.

Rating
Sector:

Community Development

Total
Revenue:

$1,024,992

Total
Expenses:

$982,232

Net
Assets:

$3,541,850
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 80.3%
General & Admin 12.5% 12.6%
Fundraising 6.8% 3.4%
Savings -4.4% 4.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Service Over Self (SOS) exists to glorify God by proclaiming the gospel of Jesus Christ in word and deed through urban home repair camps.

Thousands of homes in Memphis are in shocking condition. Many are unsafe to live in. Elderly persons and families live in fear-dreading the next rain, the next cold snap, the next inflated utility bill due to poor insulation, or the next salesperson promising a quick fix for a small monthly payment. SOS is seeking to improve the housing conditions of disadvantaged persons in Memphis, TN. The organization is committed to providing free home repair service to deserving families in Memphis neighborhoods.

Contact Information: [ Back to top ]

Mailing Address:2505 Poplar Ave.
Memphis , TN
38112-8112
Website: www.sosmemphis.org
Phone:(901) 681-9044
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 621760415
CEO/President: Mr. David Montague Tax Deductible: Yes
Chairman: Mr. Chuck Carter Fiscal Year End: September 30
Board Size: 24 Financial info from: Audit
Founder: Member of ECFA: Yes
Year Founded: 1986 Member of ECFA since: 2001

Purpose [ Back to top ]

Service Over Self (SOS) exists to glorify God by proclaiming the gospel of Jesus Christ in word and deed through urban home repair camps.

Thousands of homes in Memphis are in shocking condition. Many are unsafe to live in. Elderly persons and families live in fear-dreading the next rain, the next cold snap, the next inflated utility bill due to poor insulation, or the next salesperson promising a quick fix for a small monthly payment. SOS is seeking to improve the housing conditions of disadvantaged persons in Memphis, TN. The organization is committed to providing free home repair service to deserving families in Memphis neighborhoods.

Since 1986, more than 10,000 SOS volunteers have repaired hundreds of homes, working to make them safer, drier and warmer. SOS offers nine one-week sessions each summer for college, senior high and junior high groups. And SOS offers six one-week sessions each spring for college and senior high groups. Each session provides as many as 200 volunteers with urban home repair work each day, worship and God's Word each night.

Mission Statement [ Back to top ]

Service Over Self uses the following to express its Mission Statement:

"As an expression of Christ's love, Service Over Self seeks to empower persons and transform neighborhoods by utilizing volunteers to renovate homes of economically disadvantaged homeowners in Memphis, Tennessee."

Program Accomplishments [ Back to top ]

2001 Accomplishments
37 homes, in distressed neighborhoods, were renovated by approximately 965 volunteers.

Statement of Faith [ Back to top ]

Service Over Self uses the following to express its Statement of Faith:

1. We believe that the Bible is the divinely inspired Word of God. It is God's revelation of Himself to mankind. Therefore, the Bible is Truth and is our authority in all matters of our life and ministry. Please see 1 Thessalonians 2:13, 2 Timothy 3:16-17, and 2 Peter 1:21.

2. We believe in one God revealed in three persons. We believe God is our creator, and therefore, we are accountable to Him. We believe in God who is both equally and completely loving and holy. Please see Acts 17:24-27, Exodus 34:6-7, and 1 John 4:16.

3. We believe that sin entered the world through the Fall of Adam and Eve. We believe that all mankind is conceived and born in this lost and fallen state. We believe the result of this sin is death and eternal separation from God, our creator. Please see Genesis 3:1-6, Romans 5:12, 1John 1:8, Romans 3:23, Hebrews 9:27, Romans 6:23, Matthew 25:32,33,41.

4. We believe in the deity of Jesus Christ, His virgin birth, sinless life, death, bodily resurrection, personal return and present exaltation at God's right hand. Please see John 1:1-17, 1 John 3:5, Mark 16:19, Acts 1:11.

5. We believe in the resurrection of the saved to everlasting life and joy in heaven and the resurrection of the unsaved unto everlasting punishment. Please see Matthew 25:32-41, 2 Thessalonians 1:5-10, Revelation 20:15-Revelation 21:4.

6. We believe in salvation from God's punishment and to eternal life by God's grace through faith alone in the perfect life, substitutionary death and shed blood of Jesus Christ our Lord and Savoir. Please see 1 Peter 1:18-19, 1 Corinthians 15:3, 1 Peter 3:18.

7. We believe that God's great call and commission to His people is to live lives obedient to His Word and to go into all the world and preach the Good News of Jesus Christ to all people, baptizing and discipling all those who believe. Please see Matthew 28:19-20, Acts 1:8, 1 Thessalonians 4:1-7, 1 Peter 2:9.

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:10012/2/2010 8:09:15 PM: Organization made financial information available less than 5 ˝ months after their fiscal year end.
Financial Information:10012/2/2010 8:09:21 PM: Organization provided all financial information requested. Information was clear and thorough.
Foundational Clarity:10012/2/2010 8:09:25 PM: Descriptive information was abundant and thorough.
Level of Cooperation:10012/2/2010 8:09:31 PM: Answers to questions were thorough.
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankCommunity Development Sector
Overall Efficiency RatingStarStarStar175 of 348    9 of 26
Fund Acquisition DecisionStarStarStar175 of 348      9 of 26
Resource Allocation Decision of 348      18 of 26
Asset Utilization Decision of 348      18 of 26
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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 Average20092008200720062005
Return on FR Efforts10%7%8%0%0%0%
Fundraising Cost Ratio7%3%4%0%0%0%
Contributions Reliance83%50%51%0%0%0%
Fundraising Expense Ratio7%4%4%0%0%0%
Other Revenue Reliance17%50%49%0%0%0%
Operating RatiosDatabase Average20092008200720062005
Program Expense Ratio80%84%85%0%0%0%
Spending Ratio104%96%96%0%0%0%
Program Output Ratio84%80%81%0%0%0%
Savings Ratio-4%4%4%0%0%0%
Reserve Accumulation Rate4%1%1%0%0%0%
General & Admin Ratio12%13%11%0%0%0%
Investing RatiosDatabase Average20092008200720062005
Total Asset Turnover2.91x.27x.3x0x0x0x
Degree of L-T Investment3.1x4.04x4.72x0x0x0x
Current Asset Turnover5.56x1.1x1.43x0x0x0x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20092008200720062005
Current Ratio3306.32x14.02x10.94x0x0x0x
Current Liabilities Ratio.39x.07x.09x0x0x0x
Liquid Reserve Level4.91x10.13x7.62x0x0x0x
Solvency RatiosDatabase Average20092008200720062005
Liabilities Ratio.3x.02x.02x0x0x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%361%324%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20092008200720062005
Cash$848,027$693,715$0$0$0
Receivables, Inventories & Prepaids$45,004$62,042$0$0$0
Short-Term Investments$0$0$0$0$0
Other Current Assets$0$0$0$0$0
Total Current Assets$893,031$755,757$0$0$0
Long-Term Investments$0$0$0$0$0
Fixed Assets$2,712,496$2,812,409$0$0$0
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$2,712,496$2,812,409$0$0$0
TOTAL ASSETS$3,605,527$3,568,166$0$0$0
Liabilities20092008200720062005
Payables & Accrued Expenses$7,227$10,241$0$0$0
Other Current Liabilities$56,450$58,835$0$0$0
Total Current Liabilities$63,677$69,076$0$0$0
Debt$0$0$0$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$0$0$0$0$0
TOTAL LIABILITIES$63,677$69,076$0$0$0
Assets20092008200720062005
Unrestricted$3,541,850$3,492,150$0$0$0
Temporarily Restricted$0$6,940$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$3,541,850$3,499,090$0$0$0
Revenue and Expenses
Revenue20092008200720062005
Total Contributions$512,754$575,690$0$0$0
Program Service Revenue$447,969$459,683$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$0$0$0$0$0
Other Revenue$64,269$88,196$0$0$0
Total Other Revenue$512,238$547,879$0$0$0
TOTAL REVENUE$1,024,992$1,123,569$0$0$0
Expenses20092008200720062005
Program Services$823,289$913,868$0$0$0
Management & General$123,990$121,699$0$0$0
Fundraising$34,953$45,456$0$0$0
TOTAL EXPENSES$982,232$1,081,023$0$0$0
Change in Net Assets20092008200720062005
SURPLUS (DEFICIT)$42,760$42,546$0$0$0
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$42,760$42,546$0$0$0