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 rating1051 of 113196 of 110
Fund acquisition rating940 of 113178 of 110
Resource allocation rating712 of 113167 of 110
Asset utilization rating1121 of 1131109 of 110

Financial ratios

Funding ratiosSector median20242023202220212020
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%11%9%11%9%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%10%9%10%8%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%92%92%87%90%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%10%10%12%11%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%8%8%13%10%5%
 
Operating ratiosSector median20242023202220212020
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%80%81%79%79%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%100%90%82%72%94%
Program output ratio Program output ratio =
Program services /
Total revenue
82%80%73%65%56%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%0%10%18%28%6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%0%3%7%10%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%10%10%9%10%8%
 
Investing ratiosSector median20242023202220212020
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.950.290.290.290.250.32
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.9218.4032.5213.739.098.60
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.235.429.343.942.232.74
 
Liquidity ratiosSector median20242023202220212020
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.044.122.364.759.0711.30
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.240.420.210.110.09
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.981.680.742.404.783.99
 
Solvency ratiosSector median20242023202220212020
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%4%7%8%7%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%6%6%6%8%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
83%325%324%320%378%286%

Financials

Balance sheet
 
Assets20242023202220212020
Cash$846,696$434,516$1,068,781$1,722,244$1,618,822
Receivables, inventories, prepaids$162,872$129,194$180,691$272,053$117,882
Short-term investments$0$0$0$0$11,252
Other current assets$0$0$0$0$0
Total current assets$1,009,568$563,710$1,249,472$1,994,297$1,747,956
Long-term investments$16,256,839$16,543,990$14,769,611$14,828,746$11,891,950
Fixed assets$711,900$722,621$751,036$777,882$839,587
Other long-term assets$595,262$501,234$380,824$536,094$544,663
Total long-term assets$17,564,001$17,767,845$15,901,471$16,142,722$13,276,200
Total assets$18,573,569$18,331,555$17,150,943$18,137,019$15,024,156
 
Liabilities20242023202220212020
Payables and accrued expenses$244,823$238,982$263,011$219,852$154,667
Other current liabilities$0$0$0$0$0
Total current liabilities$244,823$238,982$263,011$219,852$154,667
Debt$544,980$1,017,980$1,095,980$1,098,000$1,149,407
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$544,980$1,017,980$1,095,980$1,098,000$1,149,407
Total liabilities$789,803$1,256,962$1,358,991$1,317,852$1,304,074
 
Net assets20242023202220212020
Without donor restrictions$15,482,374$12,769,796$11,378,610$12,775,066$9,866,378
With donor restrictions$2,301,392$4,304,797$4,413,342$4,044,101$3,853,704
Net assets$17,783,766$17,074,593$15,791,952$16,819,167$13,720,082
 
Revenues and expenses
 
Revenue20242023202220212020
Total contributions$5,027,036$5,377,499$5,239,870$5,572,787$4,800,795
Program service revenue$33,107$234,611$47,587$46,269$52,444
Membership dues$0$0$0$0$0
Investment income$424,498$233,369$745,016$595,043$220,835
Other revenue$7,237$2,331$3,510$0$7
Total other revenue$464,842$470,311$796,113$641,312$273,286
Total revenue$5,491,878$5,847,810$6,035,983$6,214,099$5,074,081
 
Expenses20242023202220212020
Program services$4,388,531$4,262,577$3,895,999$3,510,651$3,860,755
Management and general$543,192$504,395$444,994$452,432$387,874
Fundraising$544,778$500,683$586,327$490,386$544,987
Total expenses$5,476,501$5,267,655$4,927,320$4,453,469$4,793,616
 
Change in net assets20242023202220212020
Surplus (deficit)$15,377$580,155$1,108,663$1,760,630$280,465
Other changes in net assets$0$0$0$0$0
Total change in net assets$15,377$580,155$1,108,663$1,760,630$280,465

Compensation

NameTitleCompensation
Robert VryhofPresident & CEO$140,374
Bruce GerberDirector of Finance$99,331

Compensation data as of: 6/30/2024


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