Derek Prince Ministries

The information on this page was last updated 6/13/2023. If you see errors or omissions, please email: [email protected]


Summary

Derek was committed to reaching those who have no other way to hear God's Word. Today Derek Prince Ministries continues this work by faithfully broadcasting the message of the gospel all over the world.


Contact information

Mailing address:
Derek Prince Ministries
PO Box 19501
Charlotte, NC 28219

Website: derekprince.org

Phone: 1 (800) 448-3261

Email: [email protected]


Organization details

EIN: 650231845

CEO/President: Dick Leggatt

Chairman: Haley Eichelberger

Board size: 8

Founder: Derek Prince

Ruling year: 1993

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

Our vision is to reach the peoples of the world, in a language they understand, with the Bible teaching of Derek Prince, using every type of media and all forms of distribution, regardless of the economic means of the recipients.


Mission statement

Derek Prince Ministries exists to develop disciples of Jesus Christ, through the Bible teaching of Derek Prince.


Statement of faith

God is the one true and living God existing eternally as three persons, Father, Son and Holy Spirit; and that He is a Spirit, infinite, eternal, unchangeable in His love, mercy, power, wisdom and righteousness. (Isaiah 45:22, Psalm 90:2; John 4:24; 2 Corinthians 13:14)

The Lord Jesus Christ is the Son of God; that He became incarnate through His virgin birth; that He is perfect both in His deity and humanity; that He willingly gave His life as the perfect and all-sufficient substitutionary sacrifice for the sins of man; that through His atonement man can know freedom from the penalty, guilt and effects of sin; that He arose from the dead in His physical, glorified body with which He is now seated in Heaven, making intercession for believers; and that He is coming again in His glorified body to establish His kingdom. (Matthew 1:18-25; John 1:14; Colossians 1:13-18; 1 Peter 2:24; Luke 24; Hebrews 4:14; Matthew 25:31-46)

The Holy Spirit is equal in every attribute of deity with God the Father and with God the Son; performs the miracle of the new birth in those receiving Christ as Savior and is resident now in believers; seals them unto the day of redemption; empowers them for service; and grants gifts of grace (charismatic gifts) for the building up of the body of Christ. (Ephesians 4:30; 1 Corinthians 6:19; 12:4, 7, 12-13; Acts 1:5; Titus 3:5)

Truth is absolute and objective. Redemptive truth is set forth in the Scriptures of the Old and New Testaments, which is God's written revelation to man, verbally inspired and inerrant in the original manuscripts. The Bible is the supreme and final authority in all matters of faith and practice. (Matthew 5:18; 2 Timothy 3:15-17; 2 Peter 1:20-21)

The Church is the united body of Christ on the earth which exists for fellowship, edification, and for communicating the gospel to all nations by means of Christian life and witness. (Matthew 28:19-20; Acts 1:6-8, 2:41-42; 1 Corinthians 12:13)

Man was created in the image of God, but through Adam's sin became alienated from God and is condemned to eternal punishment. The only remedy for man's condition is salvation by personal faith in the person and work of Jesus Christ. (John 3:15-18; Ephesians 1:7; Romans 10:9-10)

Finite supernatural personal beings exist, including unfallen angels, fallen angels and demons. Satan, the leader of fallen angels, is the open and declared enemy of God and man, and is doomed to the Lake of Fire. (Hebrews 1:4-14; Jude 6; Matthew 25:41; Revelation 20:10)

There will be a bodily resurrection of both the saved and the lost; they that are saved to eternal life, and they that are lost to eternal damnation. (1 Corinthians 15; Daniel 12:1-2; John 5:28-29; 2 Thessalonians 1:7; Matthew 5:1-10)

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating777 of 111236 of 47
Fund acquisition rating238 of 111314 of 47
Resource allocation rating1051 of 111343 of 47
Asset utilization rating765 of 111231 of 47

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%4%4%3%4%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%4%3%3%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%98%99%97%96%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%4%4%5%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%2%1%3%4%3%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%64%73%73%74%70%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%81%90%72%81%91%
Program output ratio Program output ratio =
Program services /
Total revenue
75%52%66%52%60%64%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%19%10%28%19%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%11%7%20%14%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%31%23%23%21%25%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.760.450.610.510.590.72
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.481.111.141.141.181.21
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.400.500.700.580.700.88
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.4754.1151.8351.1033.5618.68
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.020.020.030.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.4923.5016.8620.2516.6512.94
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%2%2%2%3%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
107%217%160%194%165%132%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$5,661,495$5,267,713$4,924,292$3,771,200$3,175,118
Receivables, inventories, prepaids$359,805$279,775$239,415$260,163$250,932
Short-term investments$401,086$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$6,422,386$5,547,488$5,163,707$4,031,363$3,426,050
Long-term investments$0$0$0$0$0
Fixed assets$682,043$768,355$723,649$710,759$721,803
Other long-term assets$6,882$6,009$18,472$18,000$13,533
Total long-term assets$688,925$774,364$742,121$728,759$735,336
Total assets$7,111,311$6,321,852$5,905,828$4,760,122$4,161,386
 
Liabilities20232022202120202019
Payables and accrued expenses$118,701$107,032$101,054$120,129$183,394
Other current liabilities$0$0$0$0$0
Total current liabilities$118,701$107,032$101,054$120,129$183,394
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$118,701$107,032$101,054$120,129$183,394
 
Net assets20232022202120202019
Without donor restrictions$6,435,887$5,816,078$5,195,802$4,074,986$3,041,233
With donor restrictions$556,723$398,742$608,972$565,007$936,759
Net assets$6,992,610$6,214,820$5,804,774$4,639,993$3,977,992
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$3,930,696$4,257,693$4,058,166$3,356,037$3,208,084
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$35,919($631)$16,634$60,772$4,452
Other revenue$29,753$48,375$89,658$63,476$86,426
Total other revenue$65,672$47,744$106,292$124,248$90,878
Total revenue$3,996,368$4,305,437$4,164,458$3,480,285$3,298,962
 
Expenses20232022202120202019
Program services$2,070,726$2,842,522$2,176,027$2,093,283$2,096,532
Management and general$1,006,437$880,583$685,154$591,441$749,098
Fundraising$141,340$149,229$138,496$133,560$161,635
Total expenses$3,218,503$3,872,334$2,999,677$2,818,284$3,007,265
 
Change in net assets20232022202120202019
Surplus (deficit)$777,865$433,103$1,164,781$662,001$291,697
Other changes in net assets$0$0$0$0$0
Total change in net assets$777,865$433,103$1,164,781$662,001$291,697

Compensation

NameTitleCompensation
Dick LeggattPresident-U.s. Office$160,259
Christine AlongiSecretary,Treasurer$112,912
Philip WynsDirector$65,000

Compensation data as of: 9/30/2023


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 6/13/2023. To update the information below, please email: [email protected]


History

In May of 1971, Derek Prince officially began Derek Prince Publications in the garden house of his property in Fort Lauderdale, Florida. At Derek's invitation, a year later in 1972, his son-in-law David Selby, the husband of his daughter, Anna (one of Derek and Lydia's nine adopted daughters) moved to Fort Lauderdale from Canada and began to help carry out the work. In the next few years, the ministry expanded, necessitating a number of moves of its location in the Fort Lauderdale area. In 1990, Derek Prince Publications officially became Derek Prince Ministries and in 1993, received its official 501(c)(3) charitable organization status. In 1994, the entire DPM-USA operation was moved to Charlotte, North Carolina. In 2006, after 35 years of service, David Selby transitioned to International Director and Dick Leggatt was welcomed as the new President of DPM-USA.

There are approximately twenty-one full and part-time employees at Derek Prince Ministries - USA. The USA office is governed by a board of directors which meets three times a year. The board consists of Percy Burns, Jim Croft, Gerry Edwards, Haley Eichelberger, Sally Fesperman, Larry Gregory, Dick Leggatt, David Selby, and Lisa Watkins.

Internationally, the work of Derek Prince Ministries is overseen by a coalition of national directors who help to provide general direction and supervision to the work of DPM worldwide. These directors serve on the IC: Neil Cornick, International Operations Director and head of DPM-United Kingdom; Alex Genovese, DPM-Australia; Dick Leggatt, DPM-USA; Ross Paterson, DPM-China; and Warren Smith, DPM-South Pacific.

Once a year, a significant number of the directors of the various offices and outreaches around the world meet together at the annual Fellowship of National Offices. During that gathering, the directors share reports and testimonies, spend a significant time in prayer together concerning the goals and directions of DPM worldwide, and encourage one another and pray for one another and their families. Amazingly, even many years after Derek Prince's passing, the impact of his teaching legacy continues to grow and expand across the world.


Program accomplishments

Derek Prince Ministries continues to reach out to believers in over 140 countries with Derek's teachings, fulfilling the mandate to keep on "until Jesus returns". This is effected through the outreaches of more than 45 Derek Prince Offices around the world, including primary work in Australia, Canada, China, France, Germany, the Netherlands, New Zealand, Norway, Russia, South Africa, Switzerland, the United Kingdom and the United States.


Needs