ServeNow

The information on this page was last updated 3/29/2023. If you see errors or omissions, please email: [email protected]


Summary

Sharing Christ's passion for the world by serving the most vulnerable through national churches and leaders.


Contact information

Mailing address:
ServeNow
1817 Austin Bluffs Pkwy #110
Colorado Springs, CO 80918

Website: weservenow.org

Phone: (719) 900-1800

Email: [email protected]


Organization details

EIN: 461522377

CEO/President: Ben Foley

Chairman: Tony Lombardi

Board size: 10

Founder: Lars Dunberg and Maria Sturt

Ruling year: 2013

Tax deductible: Yes

Fiscal year end: 03/31

Member of ECFA: Yes

Member of ECFA since: 2015


Purpose

In December of 2012, ServeNow was launched to serve people in need by caring for orphans, widows, underprivileged children and youth as well as equipping the Church for greater fulfillment of its ministry and providing humanitarian assistance where needed.


Mission statement

Sharing Christ's passion for the world by serving the most vulnerable through national churches and leaders.


Statement of faith

We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

We believe that there is one God, eternally existing in three persons: Father, Son and Holy Spirit.

We believe in the deity of Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, in His present rule as Head of the Church and in His personal return in power and glory.

We believe that for salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential. We believe in the present ministry of the person of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life, and to overcome the attacks of the Evil One, Satan.

We believe in the resurrection of both the saved and the lost, they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ, with equality across race, gender, and class differences.

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 rating238 of 110431 of 122
Fund acquisition rating849 of 110583 of 122
Resource allocation rating158 of 110539 of 122
Asset utilization rating102 of 110412 of 122

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%9%10%16%9%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%9%10%15%8%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%100%97%95%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%11%15%13%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%0%3%5%1%0%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%86%85%78%79%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%102%92%102%67%91%
Program output ratio Program output ratio =
Program services /
Total revenue
75%88%78%79%53%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-2%8%-2%33%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-8%21%-3%84%78%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%5%4%8%8%9%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.843.112.351.641.514.02
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.741.091.001.021.021.26
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.723.402.351.681.545.06
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.0716.9656.3726.8019.616.20
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.060.020.040.050.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.273.325.036.897.371.99
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%14%2%11%10%49%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%7%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
101%28%42%54%59%13%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,117,321$1,221,445$1,032,108$983,973$147,399
Receivables, inventories, prepaids$87,836$29,137$32,829$108,849$107,788
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$1,205,157$1,250,582$1,064,937$1,092,822$255,187
Long-term investments$0$0$0$0$0
Fixed assets$0$0$22,360$22,101$17,664
Other long-term assets$113,417$0$0$0$48,663
Total long-term assets$113,417$0$22,360$22,101$66,327
Total assets$1,318,574$1,250,582$1,087,297$1,114,923$321,514
 
Liabilities20232022202120202019
Payables and accrued expenses$71,049$22,184$39,739$55,740$41,184
Other current liabilities$0$0$0$0$0
Total current liabilities$71,049$22,184$39,739$55,740$41,184
Debt$0$0$79,114$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$114,662$0$0$60,000$117,604
Total long-term liabilities$114,662$0$79,114$60,000$117,604
Total liabilities$185,711$22,184$118,853$115,740$158,788
 
Net assets20232022202120202019
Without donor restrictions$1,057,042$976,264$949,985$971,268$105,201
With donor restrictions$75,821$252,134$18,459$27,915$57,525
Net assets$1,132,863$1,228,398$968,444$999,183$162,726
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$4,001,777$3,109,879$1,670,363$2,505,935$1,418,407
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$3,321$1,374$3,254$786$110
Other revenue$2,309$81,794$81,558$18,092$889
Total other revenue$5,630$83,168$84,812$18,878$999
Total revenue$4,007,407$3,193,047$1,755,175$2,524,813$1,419,406
 
Expenses20232022202120202019
Program services$3,517,418$2,484,796$1,386,767$1,336,864$1,028,837
Management and general$225,401$124,207$138,475$137,378$119,227
Fundraising$360,123$324,090$260,672$214,114$143,867
Total expenses$4,102,942$2,933,093$1,785,914$1,688,356$1,291,931
 
Change in net assets20232022202120202019
Surplus (deficit)($95,535)$259,954($30,739)$836,457$127,475
Other changes in net assets$0$0$0$0$0
Total change in net assets($95,535)$259,954($30,739)$836,457$127,475

Compensation

NameTitleCompensation
Benjamin S FoleyInternational President$118,712

Compensation data as of: 3/31/2023


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 3/29/2023. To update the information below, please email: [email protected]


History

ServeNow was started in December 2012 by Lars Dunberg and his daughter Maria Sturt. Their mission was to serve those most in need around the world. ServeNow's first project was the rebuilding of a toilet facility in Uganda where children were attending school. Since then the ministry has grown significantly, serving over 3 million people in our first five years throughout Africa, Europe, Asia, Latin America, and the Muslim World. We are equipping the local church and coming alongside them to reach their communities for Christ ... and we are just getting started!


Program accomplishments

Below are people served since ServeNow was founded in December of 2012.

1,700,000+ Basic Series booklets in use

10,000+ women and children in education, skill-training, or micro-enterprise programs

600,000+ people served in a tangible way


Needs