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

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating728 of 109689 of 142
Fund acquisition rating1065 of 1098140 of 142
Resource allocation rating845 of 1098108 of 142
Asset utilization rating61 of 109610 of 142

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%23%16%14%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%20%15%13%7%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%86%89%91%93%94%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%12%12%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%14%11%9%7%6%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%76%80%80%84%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%116%118%111%79%82%
Program output ratio Program output ratio =
Program services /
Total revenue
74%88%94%88%66%70%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%-16%-18%-11%21%18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
10%-70%-42%-20%37%41%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%7%8%9%7%7%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.874.222.351.701.241.75
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.671.021.011.011.021.04
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.554.312.371.711.271.82
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.035.506.547.339.4012.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.180.150.140.110.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.962.284.286.058.456.08
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%18%15%14%10%8%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
105%19%36%51%72%53%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$497,680$718,530$1,152,626$960,122$1,037,866
Receivables, inventories, prepaids$185,353$422,871$435,739$852,780$43,197
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$683,033$1,141,401$1,588,365$1,812,902$1,081,063
Long-term investments$0$0$0$0$0
Fixed assets$15,108$10,563$14,762$37,095$40,843
Other long-term assets$0$0$0$0$0
Total long-term assets$15,108$10,563$14,762$37,095$40,843
Total assets$698,141$1,151,964$1,603,127$1,849,997$1,121,906
 
Liabilities20222021202020192018
Payables and accrued expenses$124,263$171,092$160,273$152,087$37,505
Other current liabilities$0$3,458$56,495$40,800$46,859
Total current liabilities$124,263$174,550$216,768$192,887$84,364
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$124,263$174,550$216,768$192,887$84,364
 
Net assets20222021202020192018
Without donor restrictions$109,576$110,233$5,552$92,997$672,342
With donor restrictions$464,302$867,181$1,380,807$1,564,113$365,200
Net assets$573,878$977,414$1,386,359$1,657,110$1,037,542
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$2,178,654$2,036,700$2,236,235$2,703,965$2,239,956
Program service revenue$333,102$236,666$170,683$148,242$95,073
Membership dues$0$0$0$0$0
Investment income$0$26$2,390$98$114
Other revenue$28,283$26,522$39,649$67,234$53,906
Total other revenue$361,385$263,214$212,722$215,574$149,093
Total revenue$2,540,039$2,299,914$2,448,957$2,919,539$2,389,049
 
Expenses20222021202020192018
Program services$2,247,897$2,167,696$2,163,531$1,937,625$1,681,416
Management and general$196,708$207,385$239,250$170,049$138,502
Fundraising$498,970$333,778$316,927$192,297$147,863
Total expenses$2,943,575$2,708,859$2,719,708$2,299,971$1,967,781
 
Change in net assets20222021202020192018
Surplus (deficit)($403,536)($408,945)($270,751)$619,568$421,268
Other changes in net assets$0$0$0$0$0
Total change in net assets($403,536)($408,945)($270,751)$619,568$421,268

Compensation

NameTitleCompensation
Michael BriggsExecutive Director$144,300
Doug GlidewellTreas./Dir. Operations (Part-Year)$91,000
Kevin O'NealChief Operating Officer$51,692
Brian FikkertFounder and President$45,000

Compensation data as of: 6/30/2022


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