ICC’s Annual Financial Report 2009 ICC was truly blessed to be supported by many individuals, churches, foundations, and other ministry partners during 2009. ICC seeks to be a faithful steward of the Lord’s money, and to maintain our donors’ trust by keeping our General and Administrative expenses plus Fundraising expenses as a percentage of Income to an absolute minimum. This past year this percentage was 14.6% of our contributed income. A comparison of ICC’s financial results for the past five years follows: Fiscal Year Income Program Expenses* General & Admin. Fundraising** Total Expenses
2009 $ 799,402 $ 756,772 $ 86,771 $ 30,243 $ 873,786
2008 $ 853,307 $ 633,123 $ 72,043 $ 22,663 $ 727,829
2007 $ 689,389 $ 548,321 $ 66,616 $ 26,072 $ 641,009
2006 $ 732,119 $ 607,163 $ 48,781 $ 16,606 $ 672,550
2005 $ 626,109 $ 427,751 $ 40,477 $ 15,806 $ 484,034
*
Program expenses are funds we are spending to do ministry. For instance, if we provide support for a persecuted pastor, that is considered a “program expense.” Other examples include support payments to the families of imprisoned pastors, and funds spent on training underground pastors. ** This figure is derived by using an arbitrary percentage of all general and admin expenses. ICC is a 501 (c) (3) tax-exempt corporation organized in 1995 in the State of Maryland. All gifts to ICC are fully tax deductible. Copies of the latest independent financial audit or IRS Form 990 are available for cost of reproduction and postage. Requests should be directed to us in writing at 2020 Pennsylvania Ave. NW, #941, Washington DC 20006-1846, or the Form 990 may be downloaded from ICC’s website at www.persecution.org .
ICC Board of Directors The following currently serve as members of ICC’s Board of Directors: James Schnabel, Chairman Dr. Frank T. Robb, Vice Chairman Dr. David B. Harding, Sec./Treas. Patrick Bradley Rip Mecherle Scott Streator Richard Tucker Jeffrey King, President Ed Wormald