Paraclete Mission Group, Inc.

The information on this page was last updated 12/2/2024. 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

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating498 of 110721 of 37
Fund acquisition rating753 of 110828 of 37
Resource allocation rating509 of 110819 of 37
Asset utilization rating294 of 110713 of 37

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%8%8%6%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%8%8%6%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%99%99%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%8%8%7%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%1%1%0%0%0%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%84%84%84%80%79%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%97%103%88%77%91%
Program output ratio Program output ratio =
Program services /
Total revenue
78%81%87%74%62%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%3%-3%12%23%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%6%-6%24%47%25%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%8%8%9%11%13%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.201.791.941.691.372.47
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.311.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.701.791.941.691.382.48
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
39.0363.2840.34186.02283.7955.11
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.030.020.020.010.000.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.596.586.037.068.694.75
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
4%2%2%1%15%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%14%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%55%50%59%62%40%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$672,450$582,893$670,021$2,159,650$996,483
Receivables, inventories, prepaids$2,262$3,425$27,113$0$0
Short-term investments$1,776,124$1,659,413$1,761,725$0$0
Other current assets$0$0$0$0$0
Total current assets$2,450,836$2,245,731$2,458,859$2,159,650$996,483
Long-term investments$0$0$0$0$0
Fixed assets$0$0$1,425$2,850$4,275
Other long-term assets$0$0$0$0$0
Total long-term assets$0$0$1,425$2,850$4,275
Total assets$2,450,836$2,245,731$2,460,284$2,162,500$1,000,758
 
Liabilities20232022202120202019
Payables and accrued expenses$38,732$55,665$13,218$7,610$18,082
Other current liabilities$0$0$0$0$0
Total current liabilities$38,732$55,665$13,218$7,610$18,082
Debt$0$0$0$306,712$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$306,712$0
Total liabilities$38,732$55,665$13,218$314,322$18,082
 
Net assets20232022202120202019
Without donor restrictions$288,066$206,660$353,970$234,754$144,359
With donor restrictions$2,124,038$1,983,406$2,093,096$1,613,424$838,317
Net assets$2,412,104$2,190,066$2,447,066$1,848,178$982,676
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$4,480,958$4,191,521$4,731,684$3,824,681$2,706,624
Program service revenue$4,310$6,623$1,000$2,790$2,445
Membership dues$0$0$0$0$0
Investment income$60,885$21,470$7,803$11,036$7,899
Other revenue$1,350$9,903$0$0$1,580
Total other revenue$66,545$37,996$8,803$13,826$11,924
Total revenue$4,547,503$4,229,517$4,740,487$3,838,507$2,718,548
 
Expenses20232022202120202019
Program services$3,699,085$3,659,906$3,489,759$2,390,896$1,953,878
Management and general$335,698$348,282$366,602$324,434$315,736
Fundraising$361,811$348,720$299,705$258,024$200,265
Total expenses$4,396,594$4,356,908$4,156,066$2,973,354$2,469,879
 
Change in net assets20232022202120202019
Surplus (deficit)$150,909($127,391)$584,421$865,153$248,669
Other changes in net assets$0$0$0$0$0
Total change in net assets$150,909($127,391)$584,421$865,153$248,669

Compensation

NameTitleCompensation
William Glen VolkhardtCEO$140,000

Compensation data as of: 12/31/2023


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 12/2/2024. To update the information below, please email: [email protected]


History


Program accomplishments

2023 Scope

95 countries served

328 churches and organizations served

4,078 people counseled, mentored, coached, or discipled

9,344 total people taught and trained


Needs