Chalmers Center for Economic Development at Covenant College

The information on this page was last updated 4/6/2023. If you see errors or omissions, please email: [email protected]


Summary

We help shape the way churches and Christian nonprofits think about and respond to poverty.


Contact information

Mailing address:
Chalmers Center
507 McFarland Rd
Suite B
Lookout Mountain, GA 30750

Website: chalmers.org

Phone: 706.956.4119

Email: [email protected]


Organization details

EIN: 272341083

CEO/President: Abigail Sebesta

Chairman: Michael Briggs

Board size: 7

Founder: Dr. Brian Fikkert

Ruling year: 2010

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2014


Purpose

We equip local churches to address the broken relationships at the root of poverty, living out Jesus' Kingdom today.


Mission statement


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating677 of 107772 of 142
Fund acquisition rating1014 of 1078123 of 142
Resource allocation rating602 of 107879 of 142
Asset utilization rating249 of 107725 of 142

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%14%7%7%23%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%13%7%6%20%15%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%91%93%94%91%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%8%8%16%17%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%9%7%6%9%8%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%80%84%85%75%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%111%79%82%128%91%
Program output ratio Program output ratio =
Program services /
Total revenue
69%88%66%70%96%65%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%-11%21%18%-28%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
18%-20%37%41%-87%20%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%9%7%7%9%11%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.871.701.241.753.611.73
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.601.011.021.041.111.10
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.641.711.271.824.011.90
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.187.339.4012.818.577.98
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.140.110.080.120.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.756.058.456.082.645.53
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%14%10%8%11%11%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
89%51%72%53%25%51%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,152,626$960,122$1,037,866$588,027$1,133,598
Receivables, inventories, prepaids$435,739$852,780$43,197$32,105$50,049
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,588,365$1,812,902$1,081,063$620,132$1,183,647
Long-term investments$0$0$0$0$0
Fixed assets$14,762$37,095$40,843$68,471$117,781
Other long-term assets$0$0$0$0$0
Total long-term assets$14,762$37,095$40,843$68,471$117,781
Total assets$1,603,127$1,849,997$1,121,906$688,603$1,301,428
 
Liabilities20202019201820172016
Payables and accrued expenses$160,273$152,087$37,505$72,329$148,285
Other current liabilities$56,495$40,800$46,859$0$0
Total current liabilities$216,768$192,887$84,364$72,329$148,285
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$216,768$192,887$84,364$72,329$148,285
 
Net assets20202019201820172016
Without donor restrictions$5,552$92,997$672,342$412,766$720,204
With donor restrictions$1,380,807$1,564,113$365,200$203,508$432,939
Net assets$1,386,359$1,657,110$1,037,542$616,274$1,153,143
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,236,235$2,703,965$2,239,956$1,765,331$2,279,101
Program service revenue$170,683$148,242$95,073$120,181$133,308
Membership dues$0$0$0$0$0
Investment income$2,390$98$114$228$283
Other revenue$39,649$67,234$53,906$64,789$63,662
Total other revenue$212,722$215,574$149,093$185,198$197,253
Total revenue$2,448,957$2,919,539$2,389,049$1,950,529$2,476,354
 
Expenses20202019201820172016
Program services$2,163,531$1,937,625$1,681,416$1,863,342$1,621,539
Management and general$239,250$170,049$138,502$226,522$241,744
Fundraising$316,927$192,297$147,863$397,534$381,788
Total expenses$2,719,708$2,299,971$1,967,781$2,487,398$2,245,071
 
Change in net assets20202019201820172016
Surplus (deficit)($270,751)$619,568$421,268($536,869)$231,283
Other changes in net assets$0$0$0$0$0
Total change in net assets($270,751)$619,568$421,268($536,869)$231,283

Compensation

NameTitleCompensation
Michael BriggsExecutive Director$145,951
Stu MinshewVP of Operations$101,420
Brian FikkertFounder and President$37,500

Compensation data as of: 6/30/2019


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 4/6/2023. To update the information below, please email: [email protected]


History


Program accomplishments

Over 500,000 copies of When Helping Hurts sold

Equipped 30K+ churches and nonprofits worldwide

Served over 1 million people in poverty


Needs