David C. Cook 
The information on this page was last updated 4/21/2023. If you see errors or omissions, please email: [email protected]
Summary
David C Cook is a nonprofit organization dedicated to publishing and distributing leadership, discipleship, and worship resources to help Christians all over the world grow in their faith and pass it on to the next generation.
You can find David C Cook books and curriculum published in more than 150 languages and distributed in more than 170 countries.
Through our music division, Integrity Music, one third of the top 500 praise and worship songs are written by Integrity artists and sung in churches throughout the world.
We invest in global outreach through the David Caleb Cook Foundation - and then add your financial gifts - to develop ministry partnerships and programs where Christ-centered resources are desperately needed and children are especially vulnerable.
Contact information
Mailing address:
David C Cook
4050 Lee Vance Drive
Colorado Springs, CO 80918
Website: davidccook.org
Phone: (719) 536-0100
Email: [email protected]
Organization details
EIN: 366008100
CEO/President: Rick Rekedal
Chairman: Todd Rankin
Board size: 12
Founder: David C. Cook
Ruling year: 2020
Tax deductible: Yes
Fiscal year end: 05/31
Member of ECFA: Yes
Member of ECFA since: 1998
Purpose
Equipping the church with impactful resources for making and teaching disciples.
Mission statement
Our Mission: To equip the Church with Christ-centered resources for making and teaching disciples who obediently transform today's generations.
Statement of faith
God: We believe there is one God, the Creator of all things, infinitely holy and eternally existent in three persons: Father, Son, and Holy Spirit.
Jesus Christ: We believe in the deity of Jesus Christ, and He is co-equal with God the Father. We believe in His virgin birth, sinless life, words, works, death, resurrection, ascension, and the promise of His return. As our Savior and our Lord, Jesus Christ is "the way, the truth, and the life." He came into the world to provide salvation through faith in Him as Savior and Lord and to restore men and women to fellowship with God.
The Holy Spirit: We believe the Holy Spirit is co-equal with God the Father. The Holy Spirit indwells and empowers the believer to lead a godly life.
The Bible: We believe the Bible, both Old and New Testaments, is the divinely inspired, infallible, and only authoritative Word of God-supreme and final in its authority in matters of faith and practice.
Redemption: We believe people become children of God upon true repentance-turning away from sin and to Christ as Savior, receiving God's forgiveness for sin through Christ's atoning death by crucifixion.
The Church: We believe the Church is Christ's body, composed of all people who accept Christ in faith and commit their lives to His Lordship. The Church, spiritually conceived, is a living organism which expresses itself through dedicated followers of Jesus Christ, under the guidance of the Holy Spirit.
The Local Church: We believe the local church is where people gather to worship God in spirit and truth, share the good news of Jesus Christ, relate with others, and prepare disciples to fulfill their God-given purposes.
The Christian Life: We believe the Christian life is set apart by trust in Christ, the pursuit of righteousness, and fellowship with Him. We are called to submit daily to Christ, to study His Word, and to repent when we fall short. The two great commandments summarize the Christian life: to love God with all our hearts, souls, strength, and minds; and to love our neighbors as ourselves.
Eternal Life: We believe when one accepts Jesus Christ as Lord and Savior, eternal life begins. Those who reject Christ as Savior and Lord are separated from Christ in eternal punishment.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 718 of 1076 | 33 of 57 |
| Fund acquisition rating | | 787 of 1077 | 34 of 57 |
| Resource allocation rating | | 195 of 1077 | 14 of 57 |
| Asset utilization rating | | 953 of 1076 | 50 of 57 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 54% | 94% | 101% | 106% | 46% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 3% | 2% | 2% | 3% | 3% | 3% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 84% | 4% | 2% | 3% | 3% | 6% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 4% | 2% | 2% | 2% | 3% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 16% | 96% | 98% | 97% | 97% | 94% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 86% | 87% | 87% | 86% | 85% |
Spending ratio Spending ratio = Total expenses / Total revenue | 92% | 115% | 121% | 117% | 107% | 116% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 99% | 105% | 103% | 91% | 98% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 8% | -15% | -21% | -17% | -7% | -16% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | -8% | -9% | -7% | -3% | -6% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 12% | 11% | 10% | 11% | 13% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.92 | 0.36 | 0.39 | 0.36 | 0.31 | 0.26 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.31 | 1.72 | 2.07 | 2.15 | 2.25 | 2.09 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.47 | 0.62 | 0.81 | 0.78 | 0.70 | 0.55 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.84 | 3.90 | 4.31 | 4.81 | 4.54 | 5.72 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.26 | 0.23 | 0.21 | 0.22 | 0.17 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.95 | 14.31 | 11.41 | 12.17 | 13.32 | 18.16 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 37% | 29% | 28% | 30% | 40% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 13% | 13% | 13% | 16% | 28% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 87% | 174% | 183% | 199% | 224% | 229% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $20,704,915 | $2,195,003 | $1,123,306 | $4,814,327 | $4,001,955 |
| Receivables, inventories, prepaids | $18,187,073 | $13,068,761 | $15,320,630 | $15,108,068 | $19,549,953 |
| Short-term investments | $16,472,259 | $28,222,839 | $29,204,465 | $27,405,557 | $36,103,395 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $55,364,247 | $43,486,603 | $45,648,401 | $47,327,952 | $59,655,303 |
| Long-term investments | $16,834,755 | $19,253,133 | $19,106,076 | $19,039,401 | $19,274,161 |
| Fixed assets | $9,937,347 | $10,163,718 | $11,514,505 | $11,140,786 | $11,296,708 |
| Other long-term assets | $13,201,267 | $17,269,636 | $21,861,099 | $28,886,941 | $34,269,625 |
| Total long-term assets | $39,973,369 | $46,686,487 | $52,481,680 | $59,067,128 | $64,840,494 |
| Total assets | $95,337,616 | $90,173,090 | $98,130,081 | $106,395,080 | $124,495,797 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $14,039,902 | $9,880,787 | $9,335,672 | $10,053,305 | $10,387,554 |
| Other current liabilities | $139,287 | $199,438 | $162,126 | $379,833 | $50,000 |
| Total current liabilities | $14,179,189 | $10,080,225 | $9,497,798 | $10,433,138 | $10,437,554 |
| Debt | $12,839,284 | $12,039,284 | $13,139,284 | $17,539,284 | $34,985,713 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $8,332,267 | $3,695,371 | $4,667,676 | $3,801,643 | $4,599,550 |
| Total long-term liabilities | $21,171,551 | $15,734,655 | $17,806,960 | $21,340,927 | $39,585,263 |
| Total liabilities | $35,350,740 | $25,814,880 | $27,304,758 | $31,774,065 | $50,022,817 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $55,763,925 | $60,398,934 | $66,740,356 | $70,168,839 | $70,259,027 |
| With donor restrictions | $4,222,951 | $3,959,276 | $4,084,967 | $4,452,176 | $4,213,953 |
| Net assets | $59,986,876 | $64,358,210 | $70,825,323 | $74,621,015 | $74,472,980 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $1,295,192 | $666,120 | $796,798 | $921,905 | $1,741,685 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $409,878 | $80,538 | $2,306,900 | $2,929,454 | $1,251,219 |
| Other revenue | $28,272,724 | $28,307,405 | $27,270,004 | $27,314,059 | $25,107,423 |
| Total other revenue | $28,682,602 | $28,387,943 | $29,576,904 | $30,243,513 | $26,358,642 |
| Total revenue | $29,977,794 | $29,054,063 | $30,373,702 | $31,165,418 | $28,100,327 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $29,658,472 | $30,629,789 | $31,134,906 | $28,485,004 | $27,492,228 |
| Management and general | $4,181,945 | $3,889,095 | $3,704,663 | $3,774,436 | $4,221,229 |
| Fundraising | $701,253 | $626,361 | $805,086 | $980,142 | $805,732 |
| Total expenses | $34,541,670 | $35,145,245 | $35,644,655 | $33,239,582 | $32,519,189 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($4,563,876) | ($6,091,182) | ($5,270,953) | ($2,074,164) | ($4,418,862) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($4,563,876) | ($6,091,182) | ($5,270,953) | ($2,074,164) | ($4,418,862) |
Compensation
| Name | Title | Compensation |
| Mr Cris Doornbos | CEO | $520,571 |
| Mr Scott Miller | Chief Operating Officer | $375,776 |
| Mr Gary Hopwood | Chief Global Officer | $286,916 |
| Mr Jonathan Brown | President, Integrity Music | $282,148 |
| Ms Karen Davis | General Counsel | $258,236 |
| Mr Greg Bays | VP, Commercial Partnerships & Marketing | $200,724 |
| Mr David Bervig | VP, Human Resources | $189,019 |
| Mr Mike Byron | VP, Finance | $182,063 |
| Ms Wendi Lord | VP, Publishing | $173,633 |
| Mr Chadd Miller | EVP, Learning Resources | $165,737 |
| Mr Pete Marra | EVP, New Business and Innovation | $120,419 |
| Mr Joseph Koch | Treasurer | $5,500 |
| Mr David Metcalf | Trustee (partial Year) | $5,000 |
| Mr Dennis Johnson | Trustee | $5,000 |
| Mr Greg Lucid | Trustee (partial Year) | $5,000 |
| Mr John N Richardson Jr | Secretary | $5,000 |
| Mr R Todd Rankin | Chair | $5,000 |
| Mr Robert L Head | Trustee | $5,000 |
| Mr Ronald N Cerny | Trustee | $5,000 |
| Ms Lori Bethran | Trustee | $5,000 |
| Ms Tiffany A Dunn | Trustee | $5,000 |
| Ms Beth Guckenberger | Vice Chair | $3,024 |
| Mr David Rogers | Trustee | $2,500 |
| Mr John Rote | Trustee | $2,500 |
Compensation data as of: 5/31/2020
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 4/21/2023. To update the information below, please email: [email protected]
History
In 1875, David Caleb Cook began publishing pamphlets of lessons and songs that equipped local churches for ministry to children displaced by the Great Chicago Fire.
Generations later, we're passionate about God's work in and through local churches everywhere, engaging all ages along a journey of lifetime faith.
Program accomplishments
One of the world's largest providers of dynamic and relevant media and music.
Serving Christian church leaders and organizations for more than 145 years.
Reaching more than 250 million people annually.
Resources translated into 170 languages.