Promise Keepers/ Bill McCartney

The information on this page was last updated 2/24/2022. If you see errors or omissions, please email: [email protected]


Summary

Promise Keepers is a Christ-centered organization dedicated to introducing men to Jesus Christ as their Savior and Lord; and then helping them to grow as Christians. This is mainly accomplished through our Seven Promises and our men's conference ministry. Millions of men have participated since 1990 when PK first began. The Seven Promises are listed below:

  • A Promise Keeper is committed to honoring Jesus Christ through worship, prayer and obedience to God's Word in the power of the Holy Spirit.
  • A Promise Keeper is committed to pursuing vital relationships with a few other men, understanding that he needs brothers to help him keep his promises.
  • A Promise Keeper is committed to practicing spiritual, moral, ethical, and sexual purity.
  • A Promise Keeper is committed to building strong marriages and families through love, protection and biblical values.
  • A Promise Keeper is committed to supporting the mission of his church by honoring and praying for his pastor, and by actively giving his time and resources.
  • A Promise Keeper is committed to reaching beyond any racial and denominational barriers to demonstrate the power of biblical unity.
  • A Promise Keeper is committed to influencing his world, being obedient to the Great Commandment (see Mark 12:30-31) and the Great Commission (see Matthew 28:19-20 ).

Contact information

Mailing address:
Promise Keepers
P.O. Box 63570
Colorado Springs, CO 80962

Website: www.promisekeepers.org

Phone: (303) 964-7600

Email: [email protected]


Organization details

EIN: 841157834

CEO/President: Ken Harrison

Chairman: Ken Harrison

Board size: 8

Founder: Mr. Bill McCartney

Ruling year: 1991

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

Promise Keepers' goal is to bring about revival through a global movement that calls men back to courageous, bold, leadership. We will be the spark that calls men back to God's Word, sharing their faith and caring for the poor and oppressed throughout the world. We will be a platform to men's ministries, churches and ministries by fully participating with them, promoting them and supporting them. We are a one-time per year stadium event only. We intend to drive all other issues to the ministries that specialize in them.

We want men's ministries and churches to be able to use our event for their own purposes. Local churches can bring their men's groups, military leaders can bring their men, men's ministries can make this an event...each will find resources and promotion of their ministry there. Groups like Wingmen, Iron Sharpens Iron or Man in the Mirror will be invited to participate and have their resources available. We are simply a part of the church uplifting and helping men come together corporately.


Mission statement

Promise Keepers' mission is to ignite and unite men to become warriors who will change their world through living out the Seven Promises.


Statement of faith

1. We believe that the entire Bible is the inspired and inerrant Word of God: the only infallible rule of faith and practice.

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

3. We believe that Jesus Christ is the only begotten Son of God, conceived by the Holy Spirit, born of the Virgin Mary, and was true Man and is true God.

4. We believe that in this age, God manifests Himself through the Holy Spirit who is a distinct personality, eternally co-existent with the Father and the Son, whose basic task is to convict sinners, regenerate those who believe, and empower believers to live Godly lives and in every way glorify the Father and the Son through His indwelling presence.

5. We believe that man was created in the image of God, that he sinned, and thereby incurred not only physical death, but also spiritual death, which was eternal separation from God and is upon all men.

6. We believe that the Lord Jesus Christ died for our sins according to the Scriptures, as a representative and substitutionary sacrifice, and that all who believe in Him are justified on the basis of His shed blood.

7. We believe that the Lord Jesus Christ was resurrected in body, ascended into Heaven, presently lives there for us as High Priest and Advocate, and that His personal, physical return to earth is imminent.

8. We believe that there will be a bodily resurrection of both the just and the unjust, the just to the everlasting blessedness of the saved and the unjust to the everlasting conscious suffering of the lost.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Fellowship Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating818 of 103327 of 30
Fund acquisition rating1020 of 103530 of 30
Resource allocation rating1026 of 103530 of 30
Asset utilization rating33 of 10332 of 30

This ministry has a negative net worth, making it impossible to assign it a valid financial efficiency rating.


Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%27%29%9%10%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%26%29%8%10%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%94%100%94%94%84%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%20%32%10%11%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%6%0%6%6%16%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%54%58%79%78%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%127%92%80%92%109%
Program output ratio Program output ratio =
Program services /
Total revenue
69%68%53%63%72%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%-27%8%20%8%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
15%168%38%214%-86%78%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%26%10%11%12%10%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.167.131.815.126.8612.13
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.021.001.101.181.27
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.817.271.815.628.0915.36
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.661.549.686.770.780.51
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.650.100.151.281.94
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.440.585.941.82-0.41-0.74
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%190%57%41%171%229%
Debt ratio Debt ratio =
Debt /
Total assets
0%126%47%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
72%-13%24%12%-10%-11%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$383,740$234,741$228,889$202,878$192,191
Receivables, inventories, prepaids$1,250$323,413$0$0$494
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$384,990$558,154$228,889$202,878$192,685
Long-term investments$0$0$0$0$0
Fixed assets$7,640$0$5,259$19,291$34,239
Other long-term assets$0$0$17,000$17,000$17,000
Total long-term assets$7,640$0$22,259$36,291$51,239
Total assets$392,630$558,154$251,148$239,169$243,924
 
Liabilities20192018201720162015
Payables and accrued expenses$249,664$57,689$33,815$259,480$374,409
Other current liabilities$0$0$0$0$0
Total current liabilities$249,664$57,689$33,815$259,480$374,409
Debt$494,610$261,766$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$68,301$149,301$184,603
Total long-term liabilities$494,610$261,766$68,301$149,301$184,603
Total liabilities$744,274$319,455$102,116$408,781$559,012
 
Net assets20192018201720162015
Without donor restrictions($351,644)$238,699$149,032($169,612)($315,088)
With donor restrictions$0$0$0$0$0
Net assets($351,644)$238,699$149,032($169,612)($315,088)
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,072,215$1,101,232$1,502,873$1,681,749$2,276,456
Program service revenue$0$0$99,713$75,551$387,451
Membership dues$0$0$0$0$0
Investment income$0$50$61$11$283
Other revenue$138,107$0$3,000$28,610$49,345
Total other revenue$138,107$50$102,774$104,172$437,079
Total revenue$2,210,322$1,101,282$1,605,647$1,785,921$2,713,535
 
Expenses20192018201720162015
Program services$1,506,868$584,988$1,017,436$1,278,851$2,380,056
Management and general$729,758$104,570$137,688$189,023$306,449
Fundraising$564,039$322,057$131,879$172,571$273,348
Total expenses$2,800,665$1,011,615$1,287,003$1,640,445$2,959,853
 
Change in net assets20192018201720162015
Surplus (deficit)($590,343)$89,667$318,644$145,476($246,318)
Other changes in net assets$0$0$0$0$0
Total change in net assets($590,343)$89,667$318,644$145,476($246,318)

Compensation

NameTitleCompensation
Vance DayPresident$120,000

Compensation data as of: 12/31/2019


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 2/24/2022. To update the information below, please email: [email protected]


History

On March 20, 1990, Bill McCartney (then, University of Colorado head football coach) and his friend Dave Wardell, Ph.D., were on a three-hour car ride to a Fellowship of Christian Athletes meeting, and they discussed the idea of filling a stadium with Christian men. Later that year, 72 men began to pray and fast about the concept of thousands of men coming together for the purpose of Christian discipleship. During July 1991, 4,200 men gathered for the first Promise Keepers conference at the University of Colorado basketball arena.

On Saturday, Oct. 4, 1997, PK convened a massive gathering in Washington, D.C., on the National Mall. Hundreds of thousands of men participated in Stand in the Gap: A Sacred Assembly of Men, a day of personal repentance and prayer. Since then 1,600 churches have called sacred assemblies in time of spiritual crisis. Twelve instances are recorded in the Old Testament when the nation of Israel was called to gather for days of fasting, prayer, confession, and repentance of sin because the nation had wandered away spiritually and morally. Stand in the Gap was patterned after such sacred assemblies.

Seventy-two men participated in the first PK gathering, in 1990, in Boulder, Colo.

In 1998, 453,000 men attended nineteen conferences nationwide.


Program accomplishments


Needs