Museum of the Bible 
The information on this page was last updated 10/11/2022. If you see errors or omissions, please email: [email protected]
Summary
Museum of the Bible is a global, innovative, educational institution whose purpose is to invite all people to engage with the transformative power of the Bible. We do so through four main initiatives: our permanent museum in Washington, D.C., traveling exhibitions, education and research.
Contact information
Mailing address:
Museum of the Bible
400 4th St
SW 5th Floor Office Suite
Washington, DC 20024
Website: museumofthebible.org
Phone: (866) 430-6682
Email: [email protected]
Organization details
EIN: 273444987
CEO/President: Harry Hargrave
Chairman: Steve Green
Board size: 11
Founder: Steve Green
Ruling year: 2011
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
Making its grand opening to the public in November 2017, Museum of the Bible's 430,000-square-foot building is located just three blocks from the US Capitol in Washington, DC. Museum of the Bible aims to be among the most technologically advanced and engaging museums in the world. Showcasing rare and fascinating artifacts spanning 4,000 years of history, the museum offers visitors an immersive and personalized experience with the Bible and its ongoing impact on the world around us.
Museum of the Bible is dedicated to expanding knowledge and encouraging learning for all ages around the world. Our new Bible curriculum engages students with the history, narrative, and impact of the Bible through cutting-edge Augmented Reality technology.
Museum of the Bible supports academic research around the world.
The Tel Shimron Excavation is an exciting research initiative of Museum of the Bible, Wheaton College, and Tel Aviv University. This excavation seeks to understand the ancient world, including the world of the Bible, through rigorous archaeological investigation.
As the academic research wing of Museum of the Bible, the Scholars Initiative fosters biblical research at colleges, universities, and seminaries across the world, planning and supporting academic projects related to the languages and material culture of the Bible, and capitalizing on artifacts in the Museum Collections.
Mission statement
Museum of the Bible is a global, innovative, educational institution whose purpose is to invite all people to engage with the transformative power of the Bible.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 791 of 1031 | 45 of 58 |
| Fund acquisition rating | | 309 of 1032 | 15 of 58 |
| Resource allocation rating | | 698 of 1032 | 44 of 58 |
| Asset utilization rating | | 1022 of 1031 | 58 of 58 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 3% | 10% | 4% | 8% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 3% | 9% | 3% | 7% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 85% | 96% | 85% | 91% | 91% | 99% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 4% | 5% | 6% | 9% | 29% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 15% | 4% | 15% | 9% | 9% | 1% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 77% | 76% | 77% | 78% | 41% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 75% | 169% | 56% | 78% | 29% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 58% | 129% | 43% | 61% | 12% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | 25% | -69% | 44% | 22% | 71% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | 4% | -7% | 13% | 7% | 31% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 18% | 19% | 17% | 13% | 30% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 0.13 | 0.16 | 0.16 | 0.22 | 0.10 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.35 | 8.85 | 13.76 | 13.02 | 31.14 | 9.81 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.53 | 1.17 | 2.21 | 2.06 | 6.81 | 0.97 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.68 | 5.60 | 2.63 | 3.50 | 2.45 | 1.60 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.18 | 0.38 | 0.29 | 0.41 | 0.62 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.22 | 8.43 | 3.37 | 4.16 | 1.04 | 4.64 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 2% | 8% | 2% | 15% | 21% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 5% | 0% | 13% | 15% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 89% | 741% | 576% | 619% | 389% | 792% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $6,506,733 | $618,131 | $14,844,917 | $299,079 | $28,995,919 |
| Receivables, inventories, prepaids | $8,201,312 | $18,849,222 | $23,450,117 | $15,756,549 | $22,223,115 |
| Short-term investments | $38,979,907 | $15,079,983 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $53,687,952 | $34,547,336 | $38,295,034 | $16,055,628 | $51,219,034 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $420,929,707 | $440,516,513 | $459,809,950 | $481,450,938 | $436,241,910 |
| Other long-term assets | $288,249 | $360,677 | $520,605 | $2,463,479 | $14,863,170 |
| Total long-term assets | $421,217,956 | $440,877,190 | $460,330,555 | $483,914,417 | $451,105,080 |
| Total assets | $474,905,908 | $475,424,526 | $498,625,589 | $499,970,045 | $502,324,114 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $4,196,392 | $8,888,452 | $10,956,995 | $6,552,092 | $31,941,953 |
| Other current liabilities | $5,394,788 | $4,234,023 | $0 | $0 | $0 |
| Total current liabilities | $9,591,180 | $13,122,475 | $10,956,995 | $6,552,092 | $31,941,953 |
| Debt | $0 | $23,188,265 | $0 | $67,416,242 | $75,000,000 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $23,188,265 | $0 | $67,416,242 | $75,000,000 |
| Total liabilities | $9,591,180 | $36,310,740 | $10,956,995 | $73,968,334 | $106,941,953 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $459,766,355 | $423,897,295 | $466,246,432 | $409,701,438 | $381,973,860 |
| With donor restrictions | $5,548,373 | $15,216,491 | $21,422,162 | $16,300,273 | $13,408,301 |
| Net assets | $465,314,728 | $439,113,786 | $487,668,594 | $426,001,711 | $395,382,161 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $79,980,839 | $38,182,684 | $128,097,292 | $127,617,416 | $170,528,850 |
| Program service revenue | $4,306,722 | $6,733,378 | $10,275,669 | $12,107,258 | $1,245,962 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $824,154 | $327,645 | $238,897 | $106,866 | $307,073 |
| Other revenue | ($1,749,159) | ($195,896) | $1,842,668 | $188,973 | ($647,916) |
| Total other revenue | $3,381,717 | $6,865,127 | $12,357,234 | $12,403,097 | $905,119 |
| Total revenue | $83,362,556 | $45,047,811 | $140,454,526 | $140,020,513 | $171,433,969 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $48,588,900 | $58,051,698 | $60,567,297 | $85,075,518 | $20,533,175 |
| Management and general | $11,509,603 | $14,215,863 | $13,550,216 | $14,613,266 | $14,990,095 |
| Fundraising | $2,690,434 | $3,937,110 | $4,671,546 | $9,712,179 | $14,376,410 |
| Total expenses | $62,788,937 | $76,204,671 | $78,789,059 | $109,400,963 | $49,899,680 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $20,573,619 | ($31,156,860) | $61,665,467 | $30,619,550 | $121,534,289 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $20,573,619 | ($31,156,860) | $61,665,467 | $30,619,550 | $121,534,289 |
Compensation
| Name | Title | Compensation |
| Harry Hargrave | CEO | $503,632 |
| Steve Schildwachter - Part Year | Chief Marketing Officer | $298,136 |
| Jeffrey Kloha | Chief Curatorial Officer | $283,139 |
| Kenneth McKenzie | Former CEO | $282,654 |
| David P Suey | Chief Admin. Officer | $244,477 |
| Donna Buono Jonas | Chief Operating Officer | $243,242 |
| Michael Weygandt - Part Year | Director of IT | $197,239 |
| Denise Spencer - Part Year | Director of Human Resources | $186,196 |
| Rena Opert | Director of Exhibits | $177,177 |
| John Gardner | Director of Guest Relations/Retail | $170,201 |
| Karen Poth | Creative Director | $167,128 |
| John Sharpe | Chief Relations Officer | $162,281 |
| Joe Foster | Former Chief Relations Officer | $126,537 |
| Shannon Bennett - Part Year | Chief Marketing Officer | $115,693 |
Compensation data as of: 6/30/2021
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 10/11/2022. To update the information below, please email: [email protected]
History
Reaching more than half a million people to date, our exhibits have traveled across the country and around the world. We have brought the story of the Bible to Oklahoma City, Atlanta, Charlotte, Colorado Springs, Springfield (MO), the Greater Los Angeles area, The Vatican, Jerusalem, Israel, Havana and Santiago, Cuba, and numerous colleges and universities.