Terri Savelle Foy Ministries Inc 
The information on this page was last updated 4/24/2024. If you see errors or omissions, please email: [email protected]
Summary
Terri is an author, a conference speaker, and a success coach to hundreds of thousands of people all over the world. Her best-selling books Make Your Dreams Bigger than Your Memories, and Imagine Big have helped people discover how to overcome the hurts of the past and see the possibilities of a limitless future. Her weekly podcast is a lifeline of hope and inspiration to people around the world.
Contact information
Mailing address:
Terri Savelle Foy Ministries
PO Box 1959
Rockwall, TX 75087
Website: terri.com
Phone: 1-877-661-8736
Email: [email protected]
Organization details
EIN: 471045534
CEO/President: Terri Savelle Foy
Chairman:
Board size: 3
Founder: Terri Savelle Foy
Ruling year: 2015
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
The purpose of Terri Savelle Foy Ministries is to teach people how to make their dreams bigger than their memories and fulfill God's assignment on their lives.
Mission statement
Our mission is to give you the tools you need to make your dreams bigger than your memories and fulfill your God-given assignment.
Statement of faith
1. We believe in one God - Father, Son and Holy Spirit - Creator of all things.
2. We believe that the Lord Jesus Christ, the only begotten Son of God, was conceived of the Holy Spirit, born of the virgin Mary, crucified, died, was buried, resurrected, ascended into heaven, and is now seated at the right hand of God the Father, the true God and true man.
3. We believe the Bible in its entirety to be the inspired Word of God and the infallible rule of faith and conduct.
4. We believe in the resurrection of the dead, the eternal happiness of the saved and the eternal punishment of the lost.
5. We believe in personal salvation of Believers through the shed blood of Jesus Christ.
6. We believe in sanctification through the Word of God and by the Holy Spirit, and we believe in personal holiness, purity of heart and life.
7. We believe in divine healing, through faith in the Name of Jesus Christ, and that healing is included in the redemption.
8. We believe in water baptism, in the Baptism in the Holy Spirit as distinct from the new birth, in speaking with tongues as the Spirit of God gives utterance (Acts 2:4), in the gifts of the Spirit and the evidence of the fruit of the Spirit. We believe that all of these are available to Believers.
9. We believe in the Christian's hope - the soon coming, personal return of the Lord Jesus Christ.
10. We believe in evangelism and missionary work in accordance with the Christian commission (Matthew 28:19).
Donor confidence score
Transparency grade
F
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 872 of 1106 | 46 of 60 |
| Fund acquisition rating | | 1016 of 1107 | 54 of 60 |
| Resource allocation rating | | 1016 of 1107 | 52 of 60 |
| Asset utilization rating | | 194 of 1106 | 14 of 60 |
Financial ratios
| Funding ratios | Sector median | 2017 | 2016 | 2015 | 2014 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 17% | 8% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 12% | 6% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 81% | 70% | 72% | 77% | 87% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 12% | 6% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 19% | 30% | 28% | 23% | 13% |
| Operating ratios | Sector median | 2017 | 2016 | 2015 | 2014 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 72% | 79% | 92% | 81% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 103% | 86% | 92% | 30% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 74% | 68% | 85% | 24% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | -3% | 14% | 8% | 70% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | -7% | 21% | 11% | 100% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 16% | 15% | 8% | 19% |
| Investing ratios | Sector median | 2017 | 2016 | 2015 | 2014 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.02 | 1.91 | 1.22 | 1.14 | 0.42 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.40 | 1.07 | 1.08 | 1.02 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 2.05 | 1.32 | 1.16 | 0.42 |
| Liquidity ratios | Sector median | 2017 | 2016 | 2015 | 2014 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.90 | 8.90 | 13.61 | 92.91 | 107.59 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 0.11 | 0.07 | 0.01 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.11 | 5.19 | 8.44 | 10.22 | 28.04 |
| Solvency ratios | Sector median | 2017 | 2016 | 2015 | 2014 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 12% | 11% | 7% | 1% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 82% | 47% | 76% | 86% | 236% |
Financials
| Balance sheet | ||||
| Assets | 2017 | 2016 | 2015 | 2014 |
| Cash | $405,401 | $730,439 | $556,876 | $591,659 |
| Receivables, inventories, prepaids | $195,306 | $128,708 | $120,224 | $96,869 |
| Short-term investments | $615,676 | $383,056 | $306,944 | $187,264 |
| Other current assets | $0 | $0 | $0 | $0 |
| Total current assets | $1,216,383 | $1,242,203 | $984,044 | $875,792 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Fixed assets | $89,339 | $99,131 | $15,959 | $9,201 |
| Other long-term assets | $0 | $0 | $0 | $0 |
| Total long-term assets | $89,339 | $99,131 | $15,959 | $9,201 |
| Total assets | $1,305,722 | $1,341,334 | $1,000,003 | $884,993 |
| Liabilities | 2017 | 2016 | 2015 | 2014 |
| Payables and accrued expenses | $136,636 | $91,294 | $10,591 | $8,140 |
| Other current liabilities | $0 | $0 | $0 | $0 |
| Total current liabilities | $136,636 | $91,294 | $10,591 | $8,140 |
| Debt | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $5,394 | $1,553 | $4,203 | $0 |
| Total long-term liabilities | $5,394 | $1,553 | $4,203 | $0 |
| Total liabilities | $142,030 | $92,847 | $14,794 | $8,140 |
| Net assets | 2017 | 2016 | 2015 | 2014 |
| Without donor restrictions | $1,163,692 | $1,160,577 | $985,209 | $876,853 |
| With donor restrictions | $0 | $87,910 | $0 | $0 |
| Net assets | $1,163,692 | $1,248,487 | $985,209 | $876,853 |
| Revenues and expenses | ||||
| Revenue | 2017 | 2016 | 2015 | 2014 |
| Total contributions | $1,688,681 | $1,369,215 | $957,587 | $1,089,309 |
| Program service revenue | $164,665 | $198,387 | $116,051 | $92,438 |
| Membership dues | $0 | $0 | $0 | $0 |
| Investment income | $313 | $883 | $1,044 | $293 |
| Other revenue | $562,275 | $326,831 | $172,821 | $66,154 |
| Total other revenue | $727,253 | $526,101 | $289,916 | $158,885 |
| Total revenue | $2,415,934 | $1,895,316 | $1,247,503 | $1,248,194 |
| Expenses | 2017 | 2016 | 2015 | 2014 |
| Program services | $1,791,787 | $1,286,025 | $1,055,691 | $301,822 |
| Management and general | $410,317 | $246,127 | $87,538 | $69,520 |
| Fundraising | $295,015 | $104,742 | $0 | $0 |
| Total expenses | $2,497,119 | $1,636,894 | $1,143,229 | $371,342 |
| Change in net assets | 2017 | 2016 | 2015 | 2014 |
| Surplus (deficit) | ($81,185) | $258,422 | $104,274 | $876,852 |
| Other changes in net assets | $0 | $0 | $0 | $0 |
| Total change in net assets | ($81,185) | $258,422 | $104,274 | $876,852 |
Compensation
| Name | Title | Compensation |
| Terri Savelle Foy | President, F | $224,920 |
| Isaiah Shook | Vice-Preside | $123,910 |
| Martin Manasco | CFO | $116,469 |
| Donna Groover | Treasurer | $68,750 |
Compensation data as of: 12/31/2017
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 4/24/2024. To update the information below, please email: [email protected]
History
"For years, I just existed without a definite sense of purpose or clear vision for my life. I was filled with guilt from my past and fear of rejection.
The turnaround for me came when I hit rock bottom with my marriage on the verge of divorce. During this painful time, I discovered how to have a real and growing relationship with God, develop discipline and habits, create a vision for my future, set goals correctly, and achieve big results. Since then, my life has never been the same." - Terry Savelle Foy