Paraclete Mission Group, Inc.

The information on this page was last updated 3/22/2023. If you see errors or omissions, please email: [email protected]


Summary

Paraclete Mission Group comes alongside mission agencies, churches and church planting movements involved in expanding the Kingdom of God around the world. Paraclete associates are experienced missionaries and professionals who use their histories, skills and gifts to partner with individuals and organizations to help them be effective in life and ministry.


Contact information

Mailing address:
Paraclete Mission Group
6547 N. Academy Blvd
#2170
Colorado Springs, CO 80918

Website: www.paraclete.net

Phone: 719-302-2500

Email: [email protected]


Organization details

EIN: 363559944

CEO/President: Glen Volkhardt

Chairman: Janet Seegren

Board size: 5

Founder:

Ruling year: 1989

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1998


Purpose

Paraclete's vision is to see a flourishing global Church served by faithful, effective leaders.

Our Methodology:

We serve as catalysts, without personal or institutional agendas.

We stay only as long as needed and welcome.

We view all our work as spiritual activity with eternal significance.

We promote effective and Godly stewardship of resources as a model for business and ministry.

We practice accountability of planning and evaluating our work, and teach others to do the same.


Mission statement

Our mission: To come alongside Christian leaders around the world.


Statement of faith

We believe the Bible to be the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three Persons: Father, Son and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and His personal return in power and glory.

We believe that for the salvation of lost and sinful man regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost, they that are saved unto the resurrection of life, and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating560 of 107716 of 33
Fund acquisition rating639 of 107820 of 33
Resource allocation rating687 of 107819 of 33
Asset utilization rating329 of 107711 of 33

Financial ratios

Funding ratiosSector median20212019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%6%7%8%7%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%6%7%8%7%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%7%8%8%7%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%0%0%0%0%0%
 
Operating ratiosSector median20212019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%84%79%78%79%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%88%91%95%95%96%
Program output ratio Program output ratio =
Program services /
Total revenue
76%74%72%74%74%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%12%9%5%5%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%24%25%16%17%11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%9%13%14%14%16%
 
Investing ratiosSector median20212019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.171.692.472.782.982.88
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.691.692.482.782.992.88
 
Liquidity ratiosSector median20212019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
39.00186.0255.1137.5556.4423.47
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.030.010.020.030.020.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.947.064.754.203.943.98
 
Solvency ratiosSector median20212019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
3%1%2%3%2%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
80%59%40%35%33%33%

Financials

Balance sheet
 
Assets20212019201820172016
Cash$670,021$996,483$750,337$627,277$535,254
Receivables, inventories, prepaids$27,113$0$2,025$506$2,081
Short-term investments$1,761,725$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,458,859$996,483$752,362$627,783$537,335
Long-term investments$0$0$0$0$0
Fixed assets$1,425$4,275$1,170$2,106$0
Other long-term assets$0$0$0$30$0
Total long-term assets$1,425$4,275$1,170$2,136$0
Total assets$2,460,284$1,000,758$753,532$629,919$537,335
 
Liabilities20212019201820172016
Payables and accrued expenses$13,218$18,082$20,038$11,124$22,894
Other current liabilities$0$0$0$0$0
Total current liabilities$13,218$18,082$20,038$11,124$22,894
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$13,218$18,082$20,038$11,124$22,894
 
Net assets20212019201820172016
Without donor restrictions$353,970$144,359$121,015$116,691$124,213
With donor restrictions$2,093,096$838,317$612,479$502,104$390,228
Net assets$2,447,066$982,676$733,494$618,795$514,441
 
Revenues and expenses
 
Revenue20212019201820172016
Total contributions$4,731,684$2,706,624$2,199,765$1,977,124$1,602,711
Program service revenue$1,000$2,445$5,555$3,550$3,260
Membership dues$0$0$0$0$0
Investment income$7,803$7,899$3,896$395$250
Other revenue$0$1,580$0$0$0
Total other revenue$8,803$11,924$9,451$3,945$3,510
Total revenue$4,740,487$2,718,548$2,209,216$1,981,069$1,606,221
 
Expenses20212019201820172016
Program services$3,489,759$1,953,878$1,636,540$1,473,150$1,175,524
Management and general$366,602$315,736$289,531$267,174$251,574
Fundraising$299,705$200,265$168,364$136,105$122,739
Total expenses$4,156,066$2,469,879$2,094,435$1,876,429$1,549,837
 
Change in net assets20212019201820172016
Surplus (deficit)$584,421$248,669$114,781$104,640$56,384
Other changes in net assets$0$0$0$0$0
Total change in net assets$584,421$248,669$114,781$104,640$56,384

Compensation

NameTitleCompensation
William Glen VolkhardtPresident/CEO$95,076

Compensation data as of: 12/31/2019


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 3/22/2023. To update the information below, please email: [email protected]


History


Program accomplishments

2021 Scope

101 countries served

483 churches and organizations served

3,673 people counseled, mentored, coached, or discipled

12,061 total people taught and trained


Needs