Our Daily Bread Ministries (previously RBC Ministries)

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/4/2022. To update the information in this column, please email: info@ministrywatch.com


Summary



Throughout RBC's life, they have been teaching the Word of God so as to lead people of all nations to personal faith and maturity in Christ. RBC's audiences are as diverse as RBC's methods. They include pastors, counselors, lay persons, TV and radio stations, prisons, schools, businesses -- any organization with resources that can touch families, friends, churches, and client networks. The idea is that every person they reach has the potential to shine -- to spread the gospel just as Jesus commanded.


Contact information

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

Website: www.odb.org

Phone: (616) 974-2210

Email: odb@odb.org


Organization details

EIN: 381613981

CEO/President: Matthew Lucas

Chairman: Marty Doorn

Board size: 10

Founder: Dr. M.R. De Haan

Ruling year: 1938

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 rating17 of 10224 of 53
Fund acquisition rating118 of 10248 of 53
Resource allocation rating117 of 102412 of 53
Asset utilization rating6 of 10221 of 53

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%1%2%2%2%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%1%1%1%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%96%95%96%96%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%1%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%4%5%4%4%4%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%88%87%90%90%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%100%97%96%100%109%
Program output ratio Program output ratio =
Program services /
Total revenue
74%87%85%86%90%98%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%0%3%4%0%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%3%14%24%3%-65%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%11%9%8%8%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.933.853.593.703.994.70
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.357.157.637.466.724.58
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.7427.5627.3827.5926.7721.52
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.500.760.720.660.590.87
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.101.321.391.521.701.14
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.93-0.14-0.17-0.23-0.31-0.08
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%29%31%39%49%43%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%18%19%17%13%12%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$668,053$358,096$306,162$320,140$236,398
Receivables, inventories, prepaids$1,150,498$1,344,912$1,376,342$1,378,073$1,940,168
Short-term investments$32,389$41,242$42,057$45,310$45,556
Other current assets$0$0$0$0$0
Total current assets$1,850,940$1,744,250$1,724,561$1,743,523$2,222,122
Long-term investments$0$0$0$0$0
Fixed assets$10,260,628$9,606,057$9,103,988$8,375,944$6,580,117
Other long-term assets$1,128,794$1,955,685$2,039,887$1,590,855$1,371,559
Total long-term assets$11,389,422$11,561,742$11,143,875$9,966,799$7,951,676
Total assets$13,240,362$13,305,992$12,868,436$11,710,322$10,173,798
 
Liabilities20202019201820172016
Payables and accrued expenses$2,447,297$2,420,082$2,618,588$2,958,993$2,539,620
Other current liabilities$0$0$0$0$0
Total current liabilities$2,447,297$2,420,082$2,618,588$2,958,993$2,539,620
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,401,921$1,732,546$2,390,493$2,794,720$1,834,387
Total long-term liabilities$1,401,921$1,732,546$2,390,493$2,794,720$1,834,387
Total liabilities$3,849,218$4,152,628$5,009,081$5,753,713$4,374,007
 
Net assets20202019201820172016
Without donor restrictions$9,391,144$9,153,364$7,859,355$5,956,609$5,799,791
With donor restrictions$0$0$0$0$0
Net assets$9,391,144$9,153,364$7,859,355$5,956,609$5,799,791
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$49,066,012$46,720,605$47,697,651$45,039,436$42,214,226
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$23,301$9,312$9,318$13,645$63,134
Other revenue$2,166,414$2,311,833$1,778,415$1,780,378$1,759,538
Total other revenue$2,189,715$2,321,145$1,787,733$1,794,023$1,822,672
Total revenue$51,255,727$49,041,750$49,485,384$46,833,459$44,036,898
 
Expenses20202019201820172016
Program services$44,659,214$41,591,200$42,720,236$42,009,905$43,205,378
Management and general$5,643,311$5,427,485$4,130,920$3,919,547$3,840,134
Fundraising$712,582$730,758$732,665$747,189$764,892
Total expenses$51,015,107$47,749,443$47,583,821$46,676,641$47,810,404
 
Change in net assets20202019201820172016
Surplus (deficit)$240,620$1,292,307$1,901,563$156,818($3,773,506)
Other changes in net assets$0$0$0$0$0
Total change in net assets$240,620$1,292,307$1,901,563$156,818($3,773,506)

Compensation

NameTitleCompensation
Richard de HaanPresident$243,912
Gary WickerTreasurer/CFO$207,062
Luis Garcia SeoaneEmployee$185,962
Matt BrubakerEmployee$181,669
Jay KellerEmployee$176,402
Brian SharpEMPLOYEE$166,673
Vicki HarrisEmployee$165,975
Ken PetersonEmployee$159,377
Evan MorganEmployee$156,603
Daniel FerwerdaAssist. Trea$125,683
Max E SmithAssist. Trea.$93,204

Compensation data as of: 3/31/2020


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 4/4/2022. To update the information below, please email: info@ministrywatch.com


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
34 offices


Needs