Mennonite Brethren Foundation 
The information on this page was last updated 1/17/2023. If you see errors or omissions, please email: [email protected]
Summary
What we Do:
Planned Giving: Planned giving is any gift that needs assistance to complete. Planned gifts can include cash, commodities, stocks, real estate, or other assets. MB Foundation provides God-honoring gift planning to help you achieve your charitable goals.
Fund Management: MB Foundation manages $200 million in total assets and is experienced and qualified to assist in the management of institutional funds. As a fiduciary of these assets we have developed a system to steward funds with excellence while maximizing Kingdom impact.
Championing Stewardship: Stewardship resources and education to meet you wherever you are on your generosity journey.
Investment Certificates: Investment opportunities for individuals and ministries to earn a rate of return and make capital available for lending to churches and ministries.
Loan Program: Financing solutions for churches, ministries and MB pastors.
LeadGen: Scholarships for students exploring ministry leadership opportunities in the Mennonite Brethren church family.
Contact information
Mailing address:
Mennonite Brethren Foundation
220 East D St
PO Box 220
Hillsboro, KS 67063
Website: mbfoundation.com
Phone: 800-551-1547
Email: [email protected]
Organization details
EIN: 481092804
CEO/President: Jon C. Wiebe
Chairman: Randy C. Hamm
Board size: 11
Founder: General Conference of Mennonite Brethren Churches
Ruling year: 1991
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2005
Purpose
Our vision is to encourage Biblical principles of financial stewardship and generosity, resulting in the gathering, management, and distribution of financial resources for Christ and His kingdom.
Mission statement
Our mission is to encourage and assist individuals, congregations, and ministries in the Mennonite Brethren community with Biblical financial stewardship solutions.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism Support
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 575 of 1074 | 16 of 33 |
| Fund acquisition rating | | 175 of 1075 | 6 of 33 |
| Resource allocation rating | | 496 of 1075 | 14 of 33 |
| Asset utilization rating | | 1019 of 1074 | 30 of 33 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 97% | 58% | 51% | 94% | 36% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 3% | 42% | 49% | 6% | 64% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 90% | 86% | 86% | 89% |
Spending ratio Spending ratio = Total expenses / Total revenue | 90% | 40% | 26% | 32% | 61% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 36% | 22% | 27% | 54% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 10% | 60% | 74% | 68% | 39% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 14% | 16% | 26% | 22% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 10% | 14% | 14% | 11% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.17 | 0.05 | 0.04 | 0.04 | 0.05 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.28 | 2.18 | 2.35 | 3.28 | 3.23 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 0.10 | 0.09 | 0.14 | 0.16 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 39.00 | 242.29 | 242.93 | 960.02 | 589.24 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.94 | 115.23 | 126.15 | 87.97 | 73.05 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 3% | 56% | 56% | 60% | 65% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 80% | 927% | 1095% | 967% | 691% |
Financials
| Balance sheet | ||||
| Assets | 2020 | 2019 | 2018 | 2017 |
| Cash | $1,796,347 | $1,446,410 | $1,676,269 | $1,248,119 |
| Receivables, inventories, prepaids | $846,619 | $754,696 | $861,485 | $658,201 |
| Short-term investments | $134,792,907 | $104,724,669 | $60,042,919 | $54,691,007 |
| Other current assets | $0 | $0 | $0 | $0 |
| Total current assets | $137,435,873 | $106,925,775 | $62,580,673 | $56,597,327 |
| Long-term investments | $41,675,622 | $39,884,958 | $33,770,630 | $35,006,530 |
| Fixed assets | $2,086,411 | $2,139,399 | $2,148,436 | $2,207,488 |
| Other long-term assets | $118,811,737 | $102,796,553 | $106,525,695 | $88,825,170 |
| Total long-term assets | $162,573,770 | $144,820,910 | $142,444,761 | $126,039,188 |
| Total assets | $300,009,643 | $251,746,685 | $205,025,434 | $182,636,515 |
| Liabilities | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $567,239 | $440,149 | $65,187 | $96,051 |
| Other current liabilities | $0 | $0 | $0 | $0 |
| Total current liabilities | $567,239 | $440,149 | $65,187 | $96,051 |
| Debt | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $56,244,113 | $43,285,818 | $36,589,231 | $38,033,361 |
| Other long-term liabilities | $111,016,031 | $97,083,146 | $85,882,913 | $80,375,793 |
| Total long-term liabilities | $167,260,144 | $140,368,964 | $122,472,144 | $118,409,154 |
| Total liabilities | $167,827,383 | $140,809,113 | $122,537,331 | $118,505,205 |
| Net assets | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $91,367,588 | $72,486,277 | $50,254,487 | $31,040,733 |
| With donor restrictions | $40,814,672 | $38,451,295 | $32,233,616 | $33,090,577 |
| Net assets | $132,182,260 | $110,937,572 | $82,488,103 | $64,131,310 |
| Revenues and expenses | ||||
| Revenue | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $20,753,192 | $19,537,578 | $25,168,415 | $5,473,808 |
| Program service revenue | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 |
| Investment income | $12,928,333 | $16,687,152 | $1,817,830 | $8,537,433 |
| Other revenue | $1,818,777 | $2,354,157 | ($101,544) | $1,198,017 |
| Total other revenue | $14,747,110 | $19,041,309 | $1,716,286 | $9,735,450 |
| Total revenue | $35,500,302 | $38,578,887 | $26,884,701 | $15,209,258 |
| Expenses | 2020 | 2019 | 2018 | 2017 |
| Program services | $12,866,661 | $8,663,864 | $7,305,840 | $8,215,463 |
| Management and general | $1,386,953 | $1,465,554 | $1,222,068 | $1,066,537 |
| Fundraising | $0 | $0 | $0 | $0 |
| Total expenses | $14,253,614 | $10,129,418 | $8,527,908 | $9,282,000 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $21,246,688 | $28,449,469 | $18,356,793 | $5,927,258 |
| Other changes in net assets | $0 | $0 | $0 | $0 |
| Total change in net assets | $21,246,688 | $28,449,469 | $18,356,793 | $5,927,258 |
Compensation
Compensation data for this ministry has not been collected.
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 1/17/2023. To update the information below, please email: [email protected]
History
Mennonite Brethren Foundation had its functional beginning in 1898 when an Endowment Fund was established under the management of the Board of Trustees of the General Conference of Mennonite Brethren Churches. In 1957 a gift annuity program was initiated and the first annuity was issued.
Mennonite Brethren Foundation had a more formal and intentional beginning in 1972 with the establishment of a denominational stewardship department to offer services in estate planning education, life income agreements, charitable trusts, and a variety of gift plans. The success of the planned giving programs and services linked with a perceived need to structure the organization for maximum effectiveness resulted in its incorporation in 1990 as Mennonite Brethren Foundation.
In 2003, MB Loan Fund was established and incorporated to carry on the Foundation's investment and loan programs. Charitable activities and gift planning remain the responsibility of MB Foundation. The staff and board are the same for both organizations.
To learn more about the Mennonite Brethren denomination please visit the US Conference of Mennonite Brethren Churches at www.usmb.org.
1880 - The Conference establishes a Mission Fund
Churches gather funds brought to annual conferences for disbursement.
1904 - Conference receives first planned gift
Franz Wiens initial gift is first endowment and still is managed by MB Foundation.
1933 - The Conference first reference to a Stewardship Committee
Committee authorized to invest fund notes and endowment for a loan fund.
1990 - MB Foundation Incorporated
MB Foundation is incorporated on December 28, 1990.
2003 - Mennonite Brethren Loan Fund established & incorporated.
MB Loan Fund was created to house the investment certificates and loan activities of MB Foundation.
2019 - Assets under management reach $251M
2020 - Assets under management reach $300M