Partners Worldwide 
The information on this page was last updated 1/4/2022. 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. The specific foundation of our ministry is based in the book of Genesis and these truths:
- Every human being is an image-bearer of God.
- We see ordinary daily work as a gift from God, a primary way that humanity images God and a joyful expression of the stewardship of creation. (Genesis 1:26).
In the light of this biblical perspective, every member of Partners Worldwide is engaged in lifelong Christian ministry in his or her ordinary, daily work. Further, we are disciples of Christ in the marketplace, answering Christ's mandate to serve the poor. (Matthew 25:35-40)
Businesspeople have unique skills and therefore a special calling to create ethical
businesses and provide opportunities for all to image God in satisfying, daily work.
We partner with local community institutions to catalyze entrepreneurs and job creators especially in areas of high unemployment and poverty.
As ambassadors of the reconciliation of all things, we are called to remove barriers and overcome debilitating conditions. (2 Corinthians 5:17-20) (Colossians 1:19-20)
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 899 of 1033 | 68 of 79 |
| Fund acquisition rating | | 842 of 1035 | 61 of 79 |
| Resource allocation rating | | 436 of 1035 | 36 of 79 |
| Asset utilization rating | | 992 of 1033 | 76 of 79 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 11% | 12% | 10% | 11% | 11% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 11% | 11% | 9% | 11% | 10% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 79% | 95% | 93% | 93% | 95% | 95% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 11% | 11% | 9% | 11% | 10% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 21% | 5% | 7% | 7% | 5% | 5% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 81% | 78% | 81% | 81% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 89% | 94% | 101% | 97% | 102% | 103% |
Program output ratio Program output ratio = Program services / Total revenue | 69% | 76% | 79% | 79% | 82% | 85% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 11% | 6% | -1% | 3% | -2% | -3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 14% | 2% | 0% | 1% | -1% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 8% | 11% | 9% | 8% | 7% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.80 | 0.32 | 0.35 | 0.36 | 0.37 | 0.34 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.13 | 8.60 | 7.30 | 5.44 | 5.35 | 3.09 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 2.74 | 2.58 | 1.98 | 2.00 | 1.07 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.94 | 11.30 | 9.58 | 13.54 | 14.49 | 21.07 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.09 | 0.10 | 0.07 | 0.07 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.25 | 3.99 | 4.17 | 5.61 | 5.59 | 10.73 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 9% | 9% | 9% | 8% | 9% |
Debt ratio Debt ratio = Debt / Total assets | 2% | 8% | 7% | 8% | 7% | 7% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 102% | 286% | 258% | 250% | 245% | 265% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $1,618,822 | $1,729,512 | $2,304,175 | $1,193,527 | $1,424,528 |
| Receivables, inventories, prepaids | $117,882 | $284,389 | $365,349 | $1,450,816 | $2,477,174 |
| Short-term investments | $11,252 | $10,919 | $9,669 | $9,255 | $602,032 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,747,956 | $2,024,820 | $2,679,193 | $2,653,598 | $4,503,734 |
| Long-term investments | $11,891,950 | $11,638,409 | $10,713,813 | $10,459,333 | $8,365,822 |
| Fixed assets | $839,587 | $864,755 | $849,706 | $827,775 | $801,839 |
| Other long-term assets | $544,663 | $245,748 | $320,490 | $251,536 | $245,572 |
| Total long-term assets | $13,276,200 | $12,748,912 | $11,884,009 | $11,538,644 | $9,413,233 |
| Total assets | $15,024,156 | $14,773,732 | $14,563,202 | $14,192,242 | $13,916,967 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $154,667 | $211,424 | $197,924 | $183,129 | $213,762 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $154,667 | $211,424 | $197,924 | $183,129 | $213,762 |
| Debt | $1,149,407 | $1,100,000 | $1,100,000 | $1,000,000 | $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 | $1,149,407 | $1,100,000 | $1,100,000 | $1,000,000 | $1,000,000 |
| Total liabilities | $1,304,074 | $1,311,424 | $1,297,924 | $1,183,129 | $1,213,762 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $9,866,378 | $9,952,067 | $9,027,122 | $7,933,996 | $6,853,775 |
| With donor restrictions | $3,853,704 | $3,510,241 | $4,238,156 | $5,075,117 | $5,849,430 |
| Net assets | $13,720,082 | $13,462,308 | $13,265,278 | $13,009,113 | $12,703,205 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $4,800,795 | $4,813,659 | $5,082,861 | $4,919,241 | $4,466,800 |
| Program service revenue | $52,444 | $130,878 | $110,146 | $39,077 | $41,263 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $220,835 | $219,491 | $279,917 | $244,442 | $169,883 |
| Other revenue | $7 | $524 | $605 | $800 | $1,713 |
| Total other revenue | $273,286 | $350,893 | $390,668 | $284,319 | $212,859 |
| Total revenue | $5,074,081 | $5,164,552 | $5,473,529 | $5,203,560 | $4,679,659 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $3,860,755 | $4,086,306 | $4,317,347 | $4,288,077 | $3,960,485 |
| Management and general | $387,874 | $552,237 | $483,793 | $447,591 | $350,599 |
| Fundraising | $544,987 | $578,145 | $502,383 | $564,056 | $485,693 |
| Total expenses | $4,793,616 | $5,216,688 | $5,303,523 | $5,299,724 | $4,796,777 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $280,465 | ($52,136) | $170,006 | ($96,164) | ($117,118) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $280,465 | ($52,136) | $170,006 | ($96,164) | ($117,118) |
Compensation
| Name | Title | Compensation |
| Doug Seebeck | President/CEO | $132,387 |
| Linda Cahoon | Senior 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 1/4/2022. 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!