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

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating716 of 102456 of 74
Fund acquisition rating243 of 102717 of 74
Resource allocation rating608 of 102750 of 74
Asset utilization rating1013 of 102474 of 74

Financial ratios

Funding ratiosSector median20212020201920182017
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
83%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
17%4%15%9%9%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%77%76%77%78%41%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%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
6%25%-69%44%22%71%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%4%-7%13%7%31%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%18%19%17%13%30%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.880.130.160.160.220.10
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.368.8513.7613.0231.149.81
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.461.172.212.066.810.97
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.315.602.633.502.451.60
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.180.380.290.410.62
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.668.433.374.161.044.64
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%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
94%741%576%619%389%792%

Financials

Balance sheet
 
Assets20212020201920182017
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
 
Liabilities20212020201920182017
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 assets20212020201920182017
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
 
Revenue20212020201920182017
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
 
Expenses20212020201920182017
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 assets20212020201920182017
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

NameTitleCompensation
Harry HargraveCEO$503,632
Steve Schildwachter - Part YearChief Marketing Officer$298,136
Jeffrey KlohaChief Curatorial Officer$283,139
Kenneth McKenzieFormer CEO$282,654
David P SueyChief Admin. Officer$244,477
Donna Buono JonasChief Operating Officer$243,242
Michael Weygandt - Part YearDirector of IT$197,239
Denise Spencer - Part YearDirector of Human Resources$186,196
Rena OpertDirector of Exhibits$177,177
John GardnerDirector of Guest Relations/Retail$170,201
Karen PothCreative Director$167,128
John SharpeChief Relations Officer$162,281
Joe FosterFormer Chief Relations Officer$126,537
Shannon Bennett - Part YearChief 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.


Program accomplishments


Needs