Page 9 - tmp

a way to fill this gap. We introduced time in over a decade. In 2021, the min-
several new initiatives and marketing istry set a record in the amount of gen-
strategies in 2019 that increased pro- eral donor giving at $490,570—a 113.3%
gram contributions to an average of increase over the ministry’s previous
$6,000—a positive gain of 181.1%. 10-year average—while keeping expens-
Also, in 2019-2020, we implemented es $125,000 below 2018-2019 operating
g
.
C
e
o
t
e
n
p
m
i
a
costs. Combined program and general
an aggressive expense reduction
s
a g r s c s s o b n d
program, reducing operating costs by giving in 2021 was a record $734,032,
$244,355. which exceeded Board giving by 201%.
The ministry ended both the 2019-2020
In early 2020, we launched a Pro and 2021 fiscal years with positive net
Speaker Sponsorship program and income.*
began soliciting donors who would
sponsor a speaker for $39,000 per
t
m
h
a
y
3
a
t
r
e
o

w
n
.
year with a 3-year commitment. These
y a i - e r c m m i e t
sponsorships, added to the increased
program contributions, would cover
our $10,000 program costs. By Nov-
ember of 2020, three Pros were spon-
sored; a fourth was added in 2021.
This program provides $468,000 in
r
u
i
c
o
b
contributions through 2023.

o
n
s
t
h
i
t
0
2
2
o

n
h
u
.
r
3
t
g
When Covid hit in March of 2020 and Giving has increased. We continue to
we were unable to access most r
reach students in-person while using
schools, we saw an 88% reduction in our social media channels to reach out
program-related contributions. We to millions more at a fraction of the cost.
moved swiftly to take advantage of God has enabled us not only to perse-
the C.A.R.E.S. Act and received vere but also to innovate despite the
P
;
f
u
d
P
n
2
$ 5 , 5 P n i g pandemic. This has brought a renewed
i
0
3
8
$258,350 in PPP funding; 100% of this
n
amount has been forgiven. We also sense of positivity to our current stake-
took advantage of the SBA EIDL (Eco- h l e s a d h s a t a t d n w o o s

n
o
d
holders and has attracted new donors

r
d
e

r
n
t

a
e
c
r
nomic Injury Disaster Loan) program and prior donors who had left the minis-
for a low-interest loan at 2.75% with try during the previous decade.
payments spread over 30 years. These
measures combined with new strat- Board members and donors can have
m
n
i
h
t

e
i

e
egies and programs have the ministry confidence that the ministry is moving
y
s
t
r

i
e
d
g
a
h
g
a
n

m
a
r
s
s
e

o
p
v
r
on track to become financially fit foward toward its goal of financial
while developing new programs to stability with a supporting donor base
f

d
p
%

o

t
a
r
i
n
g
p
n
o
e

a
i
n
g
d
f
u
n
1
0
0

reach our youth despite limited access funding 100% of operating and program
to schools. God has used the pan- costs and Board contributions funding
demic to strengthen His ministry. new growth.
We are also excited to share with
n
g
you that during 2021, general giving
n
r
r
y u t a u i g 2 2 , e e a President, Sports World Ministries, Inc.
l
0
t
1

d
g
h

o
exceeded Board giving for the first *In January 2021, Sports World switched from fiscal to calendar
year financial reporting.
8