The Seed Company

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 2/22/2022. To update the information in this column, please email: info@ministrywatch.com


Summary

We inspire and help investors come alongside local field partners-who know their own languages and cultures best-to accelerate the work of Bible translation. Through these global partnerships, we're unleashing the potential of God's people around the world to reach communities still waiting for Scripture in the languages they understand best.


Contact information

Mailing address:
The Seed Company
220 Westway Pl
Suite 100
Arlington, TX 76018

Website: seedcompany.com

Phone: 817-557-2121

Email: info@tsco.org


Organization details

EIN: 330838929

CEO/President: Larry Jones

Chairman: Matthew Mancinelli

Board size: 10

Founder: Bernie May

Ruling year: 1999

Tax deductible: Yes

Fiscal year end:

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

God's Word transforming lives in every language in this generation. At Seed Company we are passionate about accelerating the translation of God's Word in every heart language that needs it by 2025.


Mission statement

To accelerate Scripture translation and impact for people without God's Word through Great Commission partnerships.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating650 of 102211 of 16
Fund acquisition rating609 of 102411 of 16
Resource allocation rating703 of 102411 of 16
Asset utilization rating463 of 10227 of 16

Financial ratios

Funding ratiosSector median20202019201820172009
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%10%17%15%12%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%10%16%15%12%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%99%98%98%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
8%11%14%15%13%22%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%1%2%2%3%
 
Operating ratiosSector median20202019201820172009
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%81%80%77%75%64%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%85%119%99%93%61%
Program output ratio Program output ratio =
Program services /
Total revenue
75%69%95%76%70%39%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%15%-19%1%7%39%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
13%21%-31%2%10%39%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%7%7%8%12%14%
 
Investing ratiosSector median20202019201820172009
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.931.061.721.401.140.60
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.091.221.211.151.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.451.162.101.691.320.61
 
Liquidity ratiosSector median20202019201820172009
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.7226.2113.9118.4534.4039.06
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.040.070.050.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.629.995.316.738.8219.30
 
Solvency ratiosSector median20202019201820172009
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%10%8%7%6%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%85%53%66%82%164%

Financials

Balance sheet
 
Assets20202019201820172009
Cash$27,738,498$10,367,372$8,630,222$7,154,121$17,452,450
Receivables, inventories, prepaids$3,091,661$1,975,122$1,915,629$2,021,843$41,006
Short-term investments$10,803,465$12,954,733$18,894,714$20,546,259$0
Other current assets$0$0$0$0$0
Total current assets$41,633,624$25,297,227$29,440,565$29,722,223$17,493,456
Long-term investments$1,197,385$1,197,385$0$0$0
Fixed assets$1,873,118$3,554,598$5,195,562$4,052,359$60,175
Other long-term assets$553,192$764,572$902,025$542,723$225,714
Total long-term assets$3,623,695$5,516,555$6,097,587$4,595,082$285,889
Total assets$45,257,319$30,813,782$35,538,152$34,317,305$17,779,345
 
Liabilities20202019201820172009
Payables and accrued expenses$1,588,734$1,818,612$1,595,602$864,048$447,914
Other current liabilities$0$0$0$0$0
Total current liabilities$1,588,734$1,818,612$1,595,602$864,048$447,914
Debt$2,271,475$0$0$0$0
Due to (from) affiliates$79,057$197,586$450,699$524,690$0
Other long-term liabilities$453,704$483,951$514,198$544,445$0
Total long-term liabilities$2,804,236$681,537$964,897$1,069,135$0
Total liabilities$4,392,970$2,500,149$2,560,499$1,933,183$447,914
 
Net assets20202019201820172009
Without donor restrictions$15,187,803$9,185,914$12,893,948$12,596,264$5,999,171
With donor restrictions$25,676,546$19,127,719$20,083,705$19,787,858$11,332,260
Net assets$40,864,349$28,313,633$32,977,653$32,384,122$17,331,431
 
Revenues and expenses
 
Revenue20202019201820172009
Total contributions$56,291,920$43,930,565$49,352,546$41,659,602$16,715,216
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$603,716$474,158$848,666$758,278$502,460
Other revenue($83,195)$9,414$64,133($3,482)$76,279
Total other revenue$520,521$483,572$912,799$754,796$578,739
Total revenue$56,812,441$44,414,137$50,265,345$42,414,398$17,293,955
 
Expenses20202019201820172009
Program services$39,210,423$42,299,964$38,148,946$29,571,755$6,737,004
Management and general$3,396,574$3,491,922$3,879,116$4,637,044$1,495,906
Fundraising$5,516,203$7,258,727$7,643,752$5,074,955$2,362,703
Total expenses$48,123,200$53,050,613$49,671,814$39,283,754$10,595,613
 
Change in net assets20202019201820172009
Surplus (deficit)$8,689,241($8,636,476)$593,531$3,130,644$6,698,342
Other changes in net assets$3,861,475$3,972,456$0$0$0
Total change in net assets$12,550,716($4,664,020)$593,531$3,130,644$6,698,342

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 2/22/2022. To update the information below, please email: info@ministrywatch.com


History

1991 - Wycliffe Bible Translators, Seed Company's parent organization, identifies the need to focus on national translators to gather the momentum of the global Bible translation movement.

1993 - Partners With Nationals-which would soon become Seed Company-begins with 10 projects funded by 10 financial partners.

1999 - Seed Company and the Jesus Film Project form the Luke Partnership to bring heart language Scripture to life on film.

2004 - A bold vision plan is approved to bring the total language engagements up to 1,000 in the next 10 years.

2014 - Seed Company begins its 1,000 language engagement. Seed Company helps form illumiNations, an alliance of Bible translation and resource partners working together to eradicate Bible poverty in this generation.

2015 - Seed Company's Bible translation principles-called the Common Framework-are more widely recognized and adopted by other Bible translation agencies to accelerate Bible translation.

2017 - Seed Company forms Avodah Labs, a nonprofit that harnesses artificial intelligence to accelerate Sign Language Bible translation.

2018 - 1,500th language engagement begins.

2021 - Seed Company starts its 1,800th language engagement.


Program accomplishments

1800+ Languages Engaged in Bible Translation
2 Billion People Reached with God's Word in Their Language
596 Local Interns Trained to Guide Translation and Outreach


Needs