Derek Prince Ministries 
The information on this page was last updated 6/13/2022. 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: Percy Burns & David Selby
Board size: 11
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
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 581 of 1034 | 29 of 54 |
| Fund acquisition rating | | 244 of 1036 | 15 of 54 |
| Resource allocation rating | | 700 of 1036 | 38 of 54 |
| Asset utilization rating | | 728 of 1034 | 30 of 54 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 4% | 5% | 5% | 4% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 4% | 5% | 4% | 4% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 94% | 96% | 97% | 98% | 99% | 97% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 5% | 5% | 5% | 5% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 6% | 4% | 3% | 2% | 1% | 3% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 74% | 70% | 73% | 71% | 65% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 81% | 91% | 93% | 79% | 78% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 60% | 64% | 67% | 56% | 51% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 19% | 9% | 7% | 21% | 22% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 10% | 14% | 7% | 6% | 22% | 26% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 21% | 25% | 23% | 24% | 28% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.81 | 0.59 | 0.72 | 0.76 | 0.79 | 0.89 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.41 | 1.18 | 1.21 | 1.23 | 1.27 | 1.40 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.76 | 0.70 | 0.88 | 0.94 | 1.00 | 1.25 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.09 | 33.56 | 18.68 | 31.06 | 28.75 | 21.93 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.03 | 0.05 | 0.03 | 0.03 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.81 | 16.65 | 12.94 | 12.39 | 11.57 | 9.17 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 3% | 4% | 3% | 3% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 90% | 165% | 132% | 128% | 124% | 108% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $3,771,200 | $3,175,118 | $2,822,319 | $2,540,496 | $1,761,033 |
| Receivables, inventories, prepaids | $260,163 | $250,932 | $251,118 | $254,870 | $243,755 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4,031,363 | $3,426,050 | $3,073,437 | $2,795,366 | $2,004,788 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $710,759 | $721,803 | $699,742 | $752,113 | $783,968 |
| Other long-term assets | $18,000 | $13,533 | $12,058 | $8,619 | $12,608 |
| Total long-term assets | $728,759 | $735,336 | $711,800 | $760,732 | $796,576 |
| Total assets | $4,760,122 | $4,161,386 | $3,785,237 | $3,556,098 | $2,801,364 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $120,129 | $183,394 | $98,942 | $97,237 | $91,403 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $120,129 | $183,394 | $98,942 | $97,237 | $91,403 |
| 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 | $120,129 | $183,394 | $98,942 | $97,237 | $91,403 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $4,074,986 | $3,041,233 | $2,852,391 | $2,643,311 | $2,134,100 |
| With donor restrictions | $565,007 | $936,759 | $833,904 | $815,550 | $575,861 |
| Net assets | $4,639,993 | $3,977,992 | $3,686,295 | $3,458,861 | $2,709,961 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $3,356,037 | $3,208,084 | $3,043,769 | $3,516,346 | $3,113,292 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $60,772 | $4,452 | $1,968 | ($29,233) | $2,335 |
| Other revenue | $63,476 | $86,426 | $63,490 | $60,906 | $99,185 |
| Total other revenue | $124,248 | $90,878 | $65,458 | $31,673 | $101,520 |
| Total revenue | $3,480,285 | $3,298,962 | $3,109,227 | $3,548,019 | $3,214,812 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $2,093,283 | $2,096,532 | $2,090,224 | $1,987,632 | $1,640,278 |
| Management and general | $591,441 | $749,098 | $653,067 | $662,934 | $712,209 |
| Fundraising | $133,560 | $161,635 | $138,502 | $148,553 | $151,975 |
| Total expenses | $2,818,284 | $3,007,265 | $2,881,793 | $2,799,119 | $2,504,462 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $662,001 | $291,697 | $227,434 | $748,900 | $710,350 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $662,001 | $291,697 | $227,434 | $748,900 | $710,350 |
Compensation
| Name | Title | Compensation |
| Dick Leggatt | President-U.s. Office | $138,447 |
| Mark Devito | Treasurer | $87,813 |
| Christine Alongi | Secretary,Treasurer | $82,489 |
Compensation data as of: 9/30/2020
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 6/13/2022. 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.