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 rating824 of 111086 of 121
Fund acquisition rating1091 of 1111119 of 121
Resource allocation rating1020 of 1111111 of 121
Asset utilization rating26 of 11105 of 121

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%24%23%16%14%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%21%20%15%13%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%87%86%89%91%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%18%17%12%12%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%13%14%11%9%7%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%70%76%80%80%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%117%116%118%111%79%
Program output ratio Program output ratio =
Program services /
Total revenue
77%82%88%94%88%66%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-17%-16%-18%-11%21%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-336%-70%-42%-20%37%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%12%7%8%9%7%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.8610.794.222.351.701.24
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.031.021.011.011.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7911.134.312.371.711.27
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.921.795.506.547.339.40
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.560.180.150.140.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.040.482.284.286.058.45
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%54%18%15%14%10%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
100%4%19%36%51%72%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$230,551$497,680$718,530$1,152,626$960,122
Receivables, inventories, prepaids$48,166$185,353$422,871$435,739$852,780
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$278,717$683,033$1,141,401$1,588,365$1,812,902
Long-term investments$0$0$0$0$0
Fixed assets$8,632$15,108$10,563$14,762$37,095
Other long-term assets$0$0$0$0$0
Total long-term assets$8,632$15,108$10,563$14,762$37,095
Total assets$287,349$698,141$1,151,964$1,603,127$1,849,997
 
Liabilities20232022202120202019
Payables and accrued expenses$127,070$124,263$171,092$160,273$152,087
Other current liabilities$28,714$0$3,458$56,495$40,800
Total current liabilities$155,784$124,263$174,550$216,768$192,887
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$155,784$124,263$174,550$216,768$192,887
 
Net assets20232022202120202019
Without donor restrictions($82,812)$109,576$110,233$5,552$92,997
With donor restrictions$214,377$464,302$867,181$1,380,807$1,564,113
Net assets$131,565$573,878$977,414$1,386,359$1,657,110
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$2,310,766$2,178,654$2,036,700$2,236,235$2,703,965
Program service revenue$318,425$333,102$236,666$170,683$148,242
Membership dues$0$0$0$0$0
Investment income$0$0$26$2,390$98
Other revenue$29,772$28,283$26,522$39,649$67,234
Total other revenue$348,197$361,385$263,214$212,722$215,574
Total revenue$2,658,963$2,540,039$2,299,914$2,448,957$2,919,539
 
Expenses20232022202120202019
Program services$2,174,877$2,247,897$2,167,696$2,163,531$1,937,625
Management and general$363,118$196,708$207,385$239,250$170,049
Fundraising$563,281$498,970$333,778$316,927$192,297
Total expenses$3,101,276$2,943,575$2,708,859$2,719,708$2,299,971
 
Change in net assets20232022202120202019
Surplus (deficit)($442,313)($403,536)($408,945)($270,751)$619,568
Other changes in net assets$0$0$0$0$0
Total change in net assets($442,313)($403,536)($408,945)($270,751)$619,568

Compensation

NameTitleCompensation
Michael BriggsExecutive Director$144,199
Rob PorterVice President of Generosity$137,809
Kevin O'NealChief Operating Officer$49,192
Brian FikkertFounder and President$45,000

Compensation data as of: 6/30/2023


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