Partners Worldwide

The information on this page was last updated 11/1/2022. 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: Doug Seebeck

Chairman: Sandy Johnson

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 rating876 of 102170 of 82
Fund acquisition rating697 of 102455 of 82
Resource allocation rating534 of 102443 of 82
Asset utilization rating990 of 102180 of 82

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%9%11%12%10%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%8%11%11%9%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
83%90%95%93%93%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%11%11%11%9%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
17%10%5%7%7%5%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%79%81%78%81%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%72%94%101%97%102%
Program output ratio Program output ratio =
Program services /
Total revenue
68%56%76%79%79%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%28%6%-1%3%-2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%10%2%0%1%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%10%8%11%9%8%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.750.250.320.350.360.37
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.169.098.607.305.445.35
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.692.232.742.581.982.00
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.209.0711.309.5813.5414.49
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.110.090.100.070.07
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.364.783.994.175.615.59
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
12%7%9%9%9%8%
Debt ratio Debt ratio =
Debt /
Total assets
2%6%8%7%8%7%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
117%378%286%258%250%245%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$1,722,244$1,618,822$1,729,512$2,304,175$1,193,527
Receivables, inventories, prepaids$272,053$117,882$284,389$365,349$1,450,816
Short-term investments$0$11,252$10,919$9,669$9,255
Other current assets$0$0$0$0$0
Total current assets$1,994,297$1,747,956$2,024,820$2,679,193$2,653,598
Long-term investments$14,828,746$11,891,950$11,638,409$10,713,813$10,459,333
Fixed assets$777,882$839,587$864,755$849,706$827,775
Other long-term assets$536,094$544,663$245,748$320,490$251,536
Total long-term assets$16,142,722$13,276,200$12,748,912$11,884,009$11,538,644
Total assets$18,137,019$15,024,156$14,773,732$14,563,202$14,192,242
 
Liabilities20212020201920182017
Payables and accrued expenses$219,852$154,667$211,424$197,924$183,129
Other current liabilities$0$0$0$0$0
Total current liabilities$219,852$154,667$211,424$197,924$183,129
Debt$1,098,000$1,149,407$1,100,000$1,100,000$1,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,098,000$1,149,407$1,100,000$1,100,000$1,000,000
Total liabilities$1,317,852$1,304,074$1,311,424$1,297,924$1,183,129
 
Net assets20212020201920182017
Without donor restrictions$12,775,066$9,866,378$9,952,067$9,027,122$7,933,996
With donor restrictions$4,044,101$3,853,704$3,510,241$4,238,156$5,075,117
Net assets$16,819,167$13,720,082$13,462,308$13,265,278$13,009,113
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$5,572,787$4,800,795$4,813,659$5,082,861$4,919,241
Program service revenue$46,269$52,444$130,878$110,146$39,077
Membership dues$0$0$0$0$0
Investment income$595,043$220,835$219,491$279,917$244,442
Other revenue$0$7$524$605$800
Total other revenue$641,312$273,286$350,893$390,668$284,319
Total revenue$6,214,099$5,074,081$5,164,552$5,473,529$5,203,560
 
Expenses20212020201920182017
Program services$3,510,651$3,860,755$4,086,306$4,317,347$4,288,077
Management and general$452,432$387,874$552,237$483,793$447,591
Fundraising$490,386$544,987$578,145$502,383$564,056
Total expenses$4,453,469$4,793,616$5,216,688$5,303,523$5,299,724
 
Change in net assets20212020201920182017
Surplus (deficit)$1,760,630$280,465($52,136)$170,006($96,164)
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,760,630$280,465($52,136)$170,006($96,164)

Compensation

NameTitleCompensation
Doug SeebeckPresident/CEO$132,387
Linda CahoonSenior Controller$77,707

Compensation data as of: 6/30/2020


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 11/1/2022. 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

254,199 total jobs
15,028 jobs created
$12,773,363 loans distributed
239,174 jobs sustained


Needs