Our Daily Bread Ministries

The information on this page was last updated 12/21/2023. If you see errors or omissions, please email: [email protected]


Summary



Our Daily Bread Ministries helps millions of people connect with God each day. For more than 85 years, our purpose has remained the same: to reach people with the life-changing wisdom of the Bible.


Contact information

Mailing address:
Our Daily Bread Ministries
PO Box 2222
Grand Rapids, MI 49501

Website: www.odb.org

Phone: (616) 974-2210

Email: [email protected]


Organization details

EIN: 381613981

CEO/President: Matthew Lucas

Chairman: Marty Doorn

Board size: 10

Founder: Dr. M.R. De Haan

Ruling year: 1943

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Our Daily Bread Ministries helps millions of people connect with God each day. For more than 75 years, our purpose has remained the same: to reach people with the life-changing wisdom of the Bible.

Our vision is to see people of all nations experiencing a personal relationship with Christ, growing to be more like Him, and serving in a local body of His family.


Mission statement

Our mission is to make the life-changing wisdom of the Bible understandable and accessible to all.


Statement of faith

We Believe...

The Old and New Testament Scriptures are inspired by God, without error in the original manuscripts, fulfilled in Christ, and the revelation of our creation, fall, redemption, and restoration.

In one God in three persons: Father, Son, and Holy Spirit.

Jesus Christ is fully God and fully man, the only begotten Son of God, and the perfect revelation of the Father.

In Jesus' virgin birth, sinless life, sacrificial death, bodily resurrection, ascension to the Father, and triumphant return.

That, as a result of the fall, we are in need of salvation from sin and eternal death. God graciously provided this salvation through Jesus, who alone reconciles all who repent of their sin and put their faith in Him.

It is by the Holy Spirit that we are convicted of sin and led, through repentance and new birth, into the family of God to live and grow in Christlikeness, in trust in God, and in love for others.

In one church, expressed through local bodies of God's family, made up of all who are in Christ, and who together are commissioned to make Christ-followers of all nations.

In the return of our Lord to bring the fullness of His kingdom, to judge the living and the dead, and to restore the peace and joy of His creation.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating29 of 11041 of 47
Fund acquisition rating159 of 11058 of 47
Resource allocation rating117 of 11056 of 47
Asset utilization rating23 of 11041 of 47

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%2%2%1%1%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%2%2%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%88%89%90%96%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%12%11%10%4%5%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%88%88%88%88%87%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%102%97%92%100%97%
Program output ratio Program output ratio =
Program services /
Total revenue
74%90%86%81%87%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-2%3%8%0%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%-7%9%33%3%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%10%10%11%11%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.733.102.552.583.853.59
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.483.893.123.517.157.63
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.4012.057.969.0727.5627.38
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.474.153.644.660.760.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.240.270.211.321.39
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.490.761.091.04-0.14-0.17
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%24%28%28%29%31%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
120%24%28%28%18%19%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,680,942$3,730,671$3,701,587$668,053$358,096
Receivables, inventories, prepaids$3,778,325$3,861,232$2,440,509$1,150,498$1,344,912
Short-term investments$20,237$54,955$35,989$32,389$41,242
Other current assets$0$0$0$0$0
Total current assets$5,479,504$7,646,858$6,178,085$1,850,940$1,744,250
Long-term investments$0$0$0$0$0
Fixed assets$13,402,197$13,438,814$13,366,360$10,260,628$9,606,057
Other long-term assets$2,428,919$2,762,320$2,143,370$1,128,794$1,955,685
Total long-term assets$15,831,116$16,201,134$15,509,730$11,389,422$11,561,742
Total assets$21,310,620$23,847,992$21,687,815$13,240,362$13,305,992
 
Liabilities20232022202120202019
Payables and accrued expenses$1,319,641$2,099,058$1,325,543$2,447,297$2,420,082
Other current liabilities$0$0$0$0$0
Total current liabilities$1,319,641$2,099,058$1,325,543$2,447,297$2,420,082
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,867,249$4,493,877$4,708,369$1,401,921$1,732,546
Total long-term liabilities$3,867,249$4,493,877$4,708,369$1,401,921$1,732,546
Total liabilities$5,186,890$6,592,935$6,033,912$3,849,218$4,152,628
 
Net assets20232022202120202019
Without donor restrictions$16,123,730$17,255,057$15,653,903$9,391,144$9,153,364
With donor restrictions$0$0$0$0$0
Net assets$16,123,730$17,255,057$15,653,903$9,391,144$9,153,364
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$57,308,311$55,545,643$54,803,081$49,066,012$46,720,605
Program service revenue$5,220,207$4,598,103$4,359,687$0$0
Membership dues$0$0$0$0$0
Investment income$37,636$6,800$14,574$23,301$9,312
Other revenue$2,344,128$2,353,253$1,962,100$2,166,414$2,311,833
Total other revenue$7,601,971$6,958,156$6,336,361$2,189,715$2,321,145
Total revenue$64,910,282$62,503,799$61,139,442$51,255,727$49,041,750
 
Expenses20232022202120202019
Program services$58,333,608$53,766,349$49,482,437$44,659,214$41,591,200
Management and general$6,508,717$5,939,658$5,796,485$5,643,311$5,427,485
Fundraising$1,201,233$1,193,910$726,845$712,582$730,758
Total expenses$66,043,558$60,899,917$56,005,767$51,015,107$47,749,443
 
Change in net assets20232022202120202019
Surplus (deficit)($1,133,276)$1,603,882$5,133,675$240,620$1,292,307
Other changes in net assets$0$0$0$0$0
Total change in net assets($1,133,276)$1,603,882$5,133,675$240,620$1,292,307

Compensation

NameTitleCompensation
Cereen VargheseEmployee$266,741
Gary WickerTreasurer/CFO$257,913
Matt LucasPresident$253,358
Matt BrubakerEmployee$245,196
Vicki HarrisEmployee$212,342
Jay KellerEmployee$207,806
William OechslerEmployee$207,313
Luis Garcia SeoaneEmployee$193,037
David FikEmployee$171,814
Daniel FerwerdaAssist. Trea$165,299
William WalkerAssist. Trea$157,341
Evan MorganEmployee$154,338

Compensation data as of: 3/31/2023


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 12/21/2023. To update the information below, please email: [email protected]


History

RBC FOUNDER M. R. De Haan was a physician who later in life became a pastor -- well known for his gravelly voice and impassioned Bible teaching. His commitment to ministry was: to lead people of all nations to personal faith and maturity in Christ.

So in 1938, from a small radio station in eastern Michigan, Detroit Bible Class was born. Suddenly the spiritual doctor was making house calls -- to hundreds of thousands of Scripture-hungry listeners.

Even though he was an unlikely radio personality -- with a rough, authoritative voice -- the program worked to great effect. And Dr. De Haan's heavily underlined reflections on the Scripture quickly became a source of biblical wisdom for many. In response to his teaching, listeners asked for transcripts of the broadcast for use as study materials. These resources, soon in great demand, were the precursor of today's widely distributed Discovery Series booklets.

From this spiritual foundation, the Grand Rapids, Michigan-based ministry continues to build upon the foundation of Dr. De Haan's vision and work. With commitment to the biblical principles set forth on the pages of this brochure, RBC Ministries today offers teaching resources to millions worldwide. While Dr. De Haan began this ministry in his basement as a family operation, today the Lord has brought together a staff of over 300 Christian workers in our US headquarters.

The ministry has international offices in 20 countries plus partners throughout the world who distribute RBC resources. Our signature publication, the daily devotional called Our Daily Bread, is translated into nearly 30 languages.

RBC Ministries changed its name from Radio Bible Class in 1994 to reflect the growth of services and resources we offer to friends worldwide.


Program accomplishments

58 languages
150 countries
32 offices


Needs