UnfoldingWord

The information on this page was last updated 2/9/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

unfoldingWord is a Bible Translation organization that equips and empowers the global church for excellence in Bible Translation and Theological Formation, collaborating with other equippers of the church to make disciples of every people group.

Projects

Leading the unfoldingWord project to provide unrestricted biblical content, technology tools, and training resources (including translationAcademy) to empower the global Church for Bible translation.

Extending the Gateway Languages Strategy in collaboration with Church networks worldwide in order to provide essential biblical resources to 100% of people groups in their own languages, through languages of wider communication.

Promoting the use of and encouraging translation of Open Bible Stories, an easy-to-understand, visual overview of the Bible. These fifty key stories, from Creation to Revelation, are effective for evangelism & discipleship, in text, audio, and video, on any mobile device, in any language, for free.

Developing translationCore, an innovative, open-source Bible translation platform with a focus on empowering the Church to improve and confirm the trustworthiness of their Bible translations.


Contact information

Mailing address:
UnfoldingWord
10524 Moss Park Rd
Ste. 204-402
Orlando, FL 32832-5898

Website: unfoldingword.org

Phone: 407-900-3005

Email: finance@unfoldingword.org


Organization details

EIN: 141888977

CEO/President: David Reeves

Chairman: Michael Vos

Board size: 6

Founder:

Ruling year: 2004

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2011


Purpose

By purposely integrating Church-Centric Movements, Church-Centric Theological Formation, and Church-Centric Bible Translation, young churches can be established in previously unreached people groups and grow to full maturity while also learning Bible translation skills.

The outcome of this integration of theological formation and Bible translation is leadership of the church in any people group equipped to produce trustworthy Bible translations. It also helps to build a strong church that continues to expand while also using the translated Scriptures to build itself up in the faith, growing to full maturity in Christ.


Mission statement

The church in every people group, the Bible in every language.


Statement of faith

The following statement of faith is in agreement with these historical creeds: Apostles' Creed, Nicene Creed, and Athanasian Creed; and also the Lausanne Covenant.

We believe that Christian belief can and should be divided into essential beliefs and peripheral beliefs (Romans 14).

Essential beliefs

Essential beliefs are what define a follower of Jesus Christ and can never be compromised or ignored.

We believe the Bible to be the only inspired, inerrant, sufficient, authoritative Word of God (1 Thessalonians 2:13; 2 Timothy 3:16-17).

We believe that there is one God, eternally existent in three persons: God the Father, Jesus Christ the Son, and the Holy Spirit (Matthew 28:19; John 10:30).

We believe in the deity of Jesus Christ (John 1:1-4; Philippians 2:5-11; 2 Peter 1:1).

We believe in the humanity of Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, and in His ascension to the right hand of the Father (Matthew 1:18,25; 1 Corinthians 15:1-8; Hebrews 4:15; Acts 1:9-11; Acts 2:22-24).

We believe that every person is inherently sinful and so is deserving of eternal hell (Romans 3:23; Isaiah 64:6-7).

We believe that salvation from sin is a gift of God, provided through the sacrificial death and resurrection of Jesus Christ, attained by grace through faith, not by works (John 3:16; John 14:6; Ephesians 2:8-9, Titus 3:3-7).

We believe that true faith is always accompanied by repentance and regeneration by the Holy Spirit (James 2:14-26; John 16:5-16; Romans 8:9).

We believe in the present ministry of the Holy Spirit by whose indwelling the follower of Jesus Christ is enabled to live a godly life (John 14:15-26; Ephesians 2:10; Galatians 5:16-18).

We believe in the spiritual unity of all believers in the Lord Jesus Christ, from all nations and languages and people groups (Philippians 2:1-4; Ephesians 1:22-23; 1 Corinthians 12:12,27).

We believe in the personal and physical return of Jesus Christ (Matthew 24:30; Acts 1:10-11).

We believe in the resurrection of both the saved and the lost; the unsaved will be resurrected to eternal damnation in hell and the saved will be resurrected to eternal blessing in heaven with God (Hebrews 9:27-28; Matthew 16:27; John 14:1-3; Matthew 25:31-46).

Peripheral beliefs

Peripheral beliefs are everything else that is in Scripture but about which sincere followers of Christ may disagree (e.g. Baptism, Lord's Supper, the Rapture, etc.). We choose to agree to disagree agreeably on these topics and press on together toward a common goal of making disciples of every people group (Matthew 28:18-20).

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating285 of 10314 of 16
Fund acquisition rating82 of 10331 of 16
Resource allocation rating982 of 103316 of 16
Asset utilization rating100 of 10313 of 16

Financial ratios

Funding ratiosSector median20202019201820172014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%1%1%2%4%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%1%1%2%3%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%100%100%81%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
8%1%1%2%4%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%0%0%19%0%
 
Operating ratiosSector median20202019201820172014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%65%71%72%56%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%84%91%101%88%86%
Program output ratio Program output ratio =
Program services /
Total revenue
75%54%65%73%50%62%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%16%9%-1%12%14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%61%68%-25%70%25%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%35%28%26%40%22%
 
Investing ratiosSector median20202019201820172014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.932.625.0010.625.091.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.181.011.001.661.09
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.453.095.0510.628.461.48
 
Liquidity ratiosSector median20202019201820172014
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.724.683.302.2622.459.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.210.300.440.040.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.623.051.650.631.367.29
 
Solvency ratiosSector median20202019201820172014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%18%30%44%3%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%31%14%5%19%67%

Financials

Balance sheet
 
Assets20202019201820172014
Cash$1,382,374$722,009$303,103$103,753$218,152
Receivables, inventories, prepaids$49,023$44,220$12,527$32,202$5,504
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,431,397$766,229$315,630$135,955$223,656
Long-term investments$0$0$0$0$0
Fixed assets$257,271$7,878$0$0$19,619
Other long-term assets$0$0$0$90,000$0
Total long-term assets$257,271$7,878$0$90,000$19,619
Total assets$1,688,668$774,107$315,630$225,955$243,275
 
Liabilities20202019201820172014
Payables and accrued expenses$306,028$232,435$139,789$6,055$22,617
Other current liabilities$0$0$0$0$0
Total current liabilities$306,028$232,435$139,789$6,055$22,617
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$306,028$232,435$139,789$6,055$22,617
 
Net assets20202019201820172014
Without donor restrictions$652,420$328,925$16,689$180,205$152,440
With donor restrictions$730,220$212,747$159,152$39,695$68,218
Net assets$1,382,640$541,672$175,841$219,900$220,658
 
Revenues and expenses
 
Revenue20202019201820172014
Total contributions$5,263,754$4,238,786$3,308,959$1,052,370$385,688
Program service revenue$0$0$0$252,025$59
Membership dues$0$0$0$0$0
Investment income$34$0$0$13$32
Other revenue$4,338$221$43$24$0
Total other revenue$4,372$221$43$252,062$91
Total revenue$5,268,126$4,239,007$3,309,002$1,304,432$385,779
 
Expenses20202019201820172014
Program services$2,858,055$2,765,419$2,425,247$647,875$238,710
Management and general$1,535,297$1,085,587$869,970$460,109$71,316
Fundraising$33,806$22,170$57,844$41,954$20,707
Total expenses$4,427,158$3,873,176$3,353,061$1,149,938$330,733
 
Change in net assets20202019201820172014
Surplus (deficit)$840,968$365,831($44,059)$154,494$55,046
Other changes in net assets$0$0$0$0$0
Total change in net assets$840,968$365,831($44,059)$154,494$55,046

Compensation

NameTitleCompensation
David ReevesPresident & CEO$119,200
Timothy JoreInnovation & Strategy$115,050
Christopher KlappResearch & Development$112,000
Eric SteggerdaCOO$111,360
Jan PerryCFO$65,000

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 2/9/2022. To update the information below, please email: info@ministrywatch.com


History


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