Partners Worldwide

The information on this page was last updated 8/25/2023. If you see errors or omissions, please email: [email protected]


Summary

Partners Worldwide aspires to end poverty so that all may have life and have it abundantly.


Contact information

Mailing address:
Partners Worldwide
6139 Tahoe Dr. SE
Grand Rapids, MI 49546

Website: partnersworldwide.org

Phone: 616-818-4900

Email: [email protected]


Organization details

EIN: 383293173

CEO/President: Bob Vryhof

Chairman: Hessel Kiestra

Board size: 14

Founder: Doug Seebeck

Ruling year: 1997

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2003


Purpose

Connecting business and professional people in global partnerships focused on business growth and job creation which transform the lives of all involved.


Mission statement

To mobilize a global Christian network that uses business as a way to create flourishing economic environments through partnerships with community institutions that build up permanent local capacity and catalyze entrepreneurs and job creators.


Statement of faith

Partners Worldwide affirms the historic Christian faith as professed in the Apostle's Creed and Nicene Creed.

Visit: https://www.partnersworldwide.org/wp-content/uploads/2022/02/PW-spiritual-foundations-NL.pdf

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1006 of 1104115 of 122
Fund acquisition rating925 of 110592 of 122
Resource allocation rating585 of 110581 of 122
Asset utilization rating1096 of 1104120 of 122

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%11%9%11%12%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%10%8%11%11%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%87%90%95%93%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%11%11%11%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%13%10%5%7%7%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%79%79%81%78%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%82%72%94%101%97%
Program output ratio Program output ratio =
Program services /
Total revenue
75%65%56%76%79%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%18%28%6%-1%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%7%10%2%0%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%10%8%11%9%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.840.290.250.320.350.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.7413.739.098.607.305.44
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.723.942.232.742.581.98
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.074.759.0711.309.5813.54
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.210.110.090.100.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.272.404.783.994.175.61
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%8%7%9%9%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%6%6%8%7%8%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%320%378%286%258%250%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$1,068,781$1,722,244$1,618,822$1,729,512$2,304,175
Receivables, inventories, prepaids$180,691$272,053$117,882$284,389$365,349
Short-term investments$0$0$11,252$10,919$9,669
Other current assets$0$0$0$0$0
Total current assets$1,249,472$1,994,297$1,747,956$2,024,820$2,679,193
Long-term investments$14,769,611$14,828,746$11,891,950$11,638,409$10,713,813
Fixed assets$751,036$777,882$839,587$864,755$849,706
Other long-term assets$380,824$536,094$544,663$245,748$320,490
Total long-term assets$15,901,471$16,142,722$13,276,200$12,748,912$11,884,009
Total assets$17,150,943$18,137,019$15,024,156$14,773,732$14,563,202
 
Liabilities20222021202020192018
Payables and accrued expenses$263,011$219,852$154,667$211,424$197,924
Other current liabilities$0$0$0$0$0
Total current liabilities$263,011$219,852$154,667$211,424$197,924
Debt$1,095,980$1,098,000$1,149,407$1,100,000$1,100,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,095,980$1,098,000$1,149,407$1,100,000$1,100,000
Total liabilities$1,358,991$1,317,852$1,304,074$1,311,424$1,297,924
 
Net assets20222021202020192018
Without donor restrictions$11,378,610$12,775,066$9,866,378$9,952,067$9,027,122
With donor restrictions$4,413,342$4,044,101$3,853,704$3,510,241$4,238,156
Net assets$15,791,952$16,819,167$13,720,082$13,462,308$13,265,278
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$5,239,870$5,572,787$4,800,795$4,813,659$5,082,861
Program service revenue$47,587$46,269$52,444$130,878$110,146
Membership dues$0$0$0$0$0
Investment income$745,016$595,043$220,835$219,491$279,917
Other revenue$3,510$0$7$524$605
Total other revenue$796,113$641,312$273,286$350,893$390,668
Total revenue$6,035,983$6,214,099$5,074,081$5,164,552$5,473,529
 
Expenses20222021202020192018
Program services$3,895,999$3,510,651$3,860,755$4,086,306$4,317,347
Management and general$444,994$452,432$387,874$552,237$483,793
Fundraising$586,327$490,386$544,987$578,145$502,383
Total expenses$4,927,320$4,453,469$4,793,616$5,216,688$5,303,523
 
Change in net assets20222021202020192018
Surplus (deficit)$1,108,663$1,760,630$280,465($52,136)$170,006
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,108,663$1,760,630$280,465($52,136)$170,006

Compensation

NameTitleCompensation
Doug SeebeckPresident & CEO$141,961
Bruce GerberDirector of Finance$92,248

Compensation data as of: 6/30/2022


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 8/25/2023. To update the information below, please email: [email protected]


History

Rewind to 1997. In a small corner of East Africa, a group of Kenyan and North American businesspeople came together to ask: "Is there a way for businesspeople to become part of the solution to ending poverty?" With a resounding "YES!" Partners for Christian Development was born. First under the umbrella of World Renew in Kenya, Partners for Christian Development established itself as a global, faith-motivated ministry. In 2005, in response to greater interdenominational involvement, Partners Worldwide was established as an independent ministry.

Over 20 years later, Partners Worldwide now operates in five global regions spanning over 30 countries. Across the world, we partner with passionate people like you to end poverty through business!


Program accomplishments

285,138 total jobs
13,969 jobs created
$13,895,443 loans distributed
271,169 jobs sustained
27,066 graduates of business training


Needs