Wycliffe Bible Translation Foundation

The information on this page was last updated 2/14/2022. If you see errors or omissions, please email: [email protected]

Summary

At the Wycliffe Foundation we help people invest in Bible translation through charitable gift and estate planning.

Contact information

Mailing address:
Wycliffe Bible Translation Foundation
PO Box 620486
Orlando, FL 32862

Website: wycliffefoundation.org

Phone: 877-493-3600

Email: [email protected]

Organization details

EIN: 330549221

CEO/President: Charles DeVries

Chairman: Vicky Mixson and Chris Winkler

Board size: 10

Founder:

Ruling year: 2003

Tax deductible: Yes

Fiscal year end:

Member of ECFA: Yes

Member of ECFA since: 1980

Purpose

Millions worldwide have never heard or read Scripture in their own language. Wycliffe Foundation is helping meet that need by enabling people to support the work of Bible translation, linguistics training, literacy efforts and more through charitable gift planning.

Mission statement

The mission of Wycliffe Foundation is to provide professional, donor-centered gift-planning services, helping people use their God-given assets to impact his kingdom through Bible translation.

Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Bible Translation Organizations

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		638 of 1025	9 of 16
Fund acquisition rating		487 of 1027	9 of 16
Resource allocation rating		249 of 1027	2 of 16
Asset utilization rating		1020 of 1025	16 of 16

Financial ratios

Funding ratios	Sector median	2020	2019	2018
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	8%	8%	8%	6%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	8%	8%	8%	6%
Contributions reliance Contributions reliance = Total contributions / Total revenue	98%	99%	99%	99%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	8%	8%	8%	6%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	2%	1%	1%	1%

Operating ratios	Sector median	2020	2019	2018
Program expense ratio Program expense ratio = Program services / Total expenses	82%	90%	90%	93%
Spending ratio Spending ratio = Total expenses / Total revenue	90%	100%	100%	101%
Program output ratio Program output ratio = Program services / Total revenue	75%	89%	90%	94%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	10%	0%	0%	-1%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	13%	2%	-3%	-8%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	7%	2%	2%	2%

Investing ratios	Sector median	2020	2019	2018
Total asset turnover Total asset turnover = Total expenses / Total assets	0.93	0.27	0.29	0.37
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	1.32	18.31	18.22	17.61
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.45	4.98	5.26	6.46

Liquidity ratios	Sector median	2020	2019	2018
Current ratio Current ratio = Total current assets / Total current liabilities	10.72	25.30	19.01	22.24
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.09	0.04	0.05	0.04
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	5.62	2.32	2.16	1.77

Solvency ratios	Sector median	2020	2019	2018
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	12%	95%	95%	95%
Debt ratio Debt ratio = Debt / Total assets	0%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	80%	19%	18%	15%

Financials

Balance sheet

Assets	2020	2019	2018
Cash	$153,512	$155,627	$122,602
Receivables, inventories, prepaids	$23,230	$3,957	$3,649
Short-term investments	$1,629,840	$1,633,943	$1,700,905
Other current assets	$0	$0	$0
Total current assets	$1,806,582	$1,793,527	$1,827,156
Long-term investments	$0	$0	$0
Fixed assets	$0	$0	$0
Other long-term assets	$31,263,052	$30,885,850	$30,354,410
Total long-term assets	$31,263,052	$30,885,850	$30,354,410
Total assets	$33,069,634	$32,679,377	$32,181,566

Liabilities	2020	2019	2018
Payables and accrued expenses	$71,416	$94,345	$82,139
Other current liabilities	$0	$0	$0
Total current liabilities	$71,416	$94,345	$82,139
Debt	$0	$0	$0
Due to (from) affiliates	$0	$0	$0
Other long-term liabilities	$31,263,052	$30,885,850	$30,354,410
Total long-term liabilities	$31,263,052	$30,885,850	$30,354,410
Total liabilities	$31,334,468	$30,980,195	$30,436,549

Net assets	2020	2019	2018
Without donor restrictions	$105,326	$65,239	$44,112
With donor restrictions	$1,629,840	$1,633,943	$1,700,905
Net assets	$1,735,166	$1,699,182	$1,745,017

Revenues and expenses

Revenue	2020	2019	2018
Total contributions	$8,917,212	$9,296,194	$11,493,218
Program service revenue	$0	$0	$0
Membership dues	$0	$0	$0
Investment income	$99,051	$55,641	$132,554
Other revenue	$7,782	$40,184	$41,048
Total other revenue	$106,833	$95,825	$173,602
Total revenue	$9,024,045	$9,392,019	$11,666,820

Expenses	2020	2019	2018
Program services	$8,057,891	$8,495,012	$10,929,186
Management and general	$206,361	$209,580	$183,200
Fundraising	$723,809	$733,262	$690,823
Total expenses	$8,988,061	$9,437,854	$11,803,209

Change in net assets	2020	2019	2018
Surplus (deficit)	$35,984	($45,835)	($136,389)
Other changes in net assets	$0	$0	$0
Total change in net assets	$35,984	($45,835)	($136,389)

Compensation

Compensation data for this ministry has not been collected.

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 2/14/2022. To update the information below, please email: [email protected]

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	Yes	4/4
Does the board have no more than 2 non-independent members?	No	0/10
Does the board have at least four independent board members for every non-independent member?	No	0/4
Does the board contain between 5 and 11 members?	Yes	10/10
Does the organization file a Form 990 and make its Form 990 available to the public?	No	0/15
Does the organization make its audit or review (if annual revenue is less than $1-m) available on its website?	Yes	4/4
Is the organization a member of the ECFA?	Yes	9/9
Is the CEO/President's compensation within one standard deviation of the median compensation?	No	0/4
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	4/4
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	4/4
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	4/4
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	4/4
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	Yes	4/4
Is the board chair an independent member of the board?	Yes	4/4
Does the board have term limits?	Yes	4/4
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	4/4
Has the organization refrained from the use of non-disclosure agreements?	Yes	4/4
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	4/4
Total donor confidence score		67/100