Biblical Ministries Worldwide

The information on this page was last updated 9/27/2022. If you see errors or omissions, please email: [email protected]


Summary



Biblical Ministries Worldwide is local church-driven, Gospel-oriented, and Great Commission-focused. We believe the Great Commission is to be carried out in the spirit of the Great Commandment.


Contact information

Mailing address:
Biblical Ministries Worldwide
1595 Herrington Road
Lawrenceville, GA 30043

Website: www.biblicalministries.org

Phone: (770) 339-3500

Email: [email protected]


Organization details

EIN: 946171558

CEO/President: Andrew Bunnell

Chairman: Mr. Rick Gregory

Board size: 12

Founder:

Ruling year: 2000

Tax deductible: Yes

Fiscal year end: 10/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our Vision:
Love the Church by providing best-in-class service to our churches and donors

Serve our Missionaries by focusing on their CARE: Compassion, Accountability, Relationships, and Efficiency

Win the Lost by preaching the word, doing evangelism, making disciples to be disciple-makers, and developing leaders, all within the context of a healthy, baptistic, local church

Grow our Organization by investing in innovative strategies and state-of-the-art processes and systems that enable sustainable growth


Mission statement

We exist to serve local churches and their missionaries as they plant HEALTHY CHURCHES EVERYWHERE through evangelism, discipleship, and leadership development. We are Great Commission focused, local church driven.


Statement of faith

Visit: https://biblicalministries.org/Files/About%20Pages/doctrinal-statement.pdf

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating89 of 102514 of 126
Fund acquisition rating101 of 102714 of 126
Resource allocation rating134 of 102712 of 126
Asset utilization rating423 of 102556 of 126

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%90%89%91%88%90%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%10%11%9%12%10%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%92%92%92%89%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%97%95%98%99%100%
Program output ratio Program output ratio =
Program services /
Total revenue
76%89%88%91%89%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%3%5%2%1%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%5%9%3%1%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%7%7%11%7%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.141.301.561.671.701.71
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.261.341.391.411.48
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.631.632.092.332.402.53
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
20.9820.6515.2212.455.9488.08
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.050.070.080.170.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.797.015.364.744.164.69
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%21%10%12%12%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%17%5%5%0%6%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%61%58%53%52%54%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$6,873,126$5,129,452$4,355,525$4,091,808$3,597,215
Receivables, inventories, prepaids$2,158$3,939$3,990$3,604$19,621
Short-term investments$1,112,178$1,091,163$1,194,654$1,221,969$1,158,679
Other current assets$0$0$0$0$0
Total current assets$7,987,462$6,224,554$5,554,169$5,317,381$4,775,515
Long-term investments$114,827$114,827$108,623$110,524$106,700
Fixed assets$1,938,393$2,003,891$2,074,069$2,083,575$2,177,353
Other long-term assets$0$0$2,809$5,618$8,428
Total long-term assets$2,053,220$2,118,718$2,185,501$2,199,717$2,292,481
Total assets$10,040,682$8,343,272$7,739,670$7,517,098$7,067,996
 
Liabilities20202019201820172016
Payables and accrued expenses$386,724$408,955$445,996$482,281$54,215
Other current liabilities$0$0$0$412,679$0
Total current liabilities$386,724$408,955$445,996$894,960$54,215
Debt$1,692,928$396,434$420,766$0$404,364
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$48,549$48,969$49,864$0$51,962
Total long-term liabilities$1,741,477$445,403$470,630$0$456,326
Total liabilities$2,128,201$854,358$916,626$894,960$510,541
 
Net assets20202019201820172016
Without donor restrictions$6,658,989$6,535,536$6,160,850$6,171,127$6,249,764
With donor restrictions$1,253,492$953,378$662,194$451,011$307,691
Net assets$7,912,481$7,488,914$6,823,044$6,622,138$6,557,455
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$12,036,241$12,207,992$11,925,956$11,232,449$10,815,601
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$31,065$87,183($25,713)$76,611$25,375
Other revenue$1,361,870$1,389,067$1,244,062$1,514,671$1,200,766
Total other revenue$1,392,935$1,476,250$1,218,349$1,591,282$1,226,141
Total revenue$13,429,176$13,684,242$13,144,305$12,823,731$12,041,742
 
Expenses20202019201820172016
Program services$11,952,638$12,014,488$11,969,779$11,361,796$11,174,298
Management and general$1,015,221$968,486$935,798$1,350,753$879,140
Fundraising$37,750$35,398$37,822$46,499$39,225
Total expenses$13,005,609$13,018,372$12,943,399$12,759,048$12,092,663
 
Change in net assets20202019201820172016
Surplus (deficit)$423,567$665,870$200,906$64,683($50,921)
Other changes in net assets$0$0$0$0$0
Total change in net assets$423,567$665,870$200,906$64,683($50,921)

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 9/27/2022. To update the information below, please email: [email protected]


History

Biblical Ministries Worldwide came into existence in 1988 as the result of the union of WEFMinistries and United Missionary Fellowship.

WEFMinistries was born in l958 with twelve missionaries under the leadership of Henry Heijermans. Their focus was church planting in Europe, their vision to reach Europeans the world over. Henry Heijermans served as General Director until his retirement in l985. For the next ten years he served as the President of FOM (Fellowship of Missions). He currently heads FOMConsulting, a joint service of BMW and FOM which exists to assist churches, mission agencies, schools, and other like-minded organizations with administrative matters and strategic planning.

In the fall of 1948, four pastors in northern California met in Santa Rosa, California to share a common burden and concern for reaching the small mining camps and lumber towns in the northern part of their state. Out of that meeting came the plan to form a mission board which they called Pioneer Bible Mission (later, United Missionary Fellowship.) The mission became incorporated in California in 1949. From the beginning, the emphasis was on church planting. By 1952, some other missionaries had applied to go to Brazil, Honduras and Mexico. They said they appreciated the strong doctrinal stand of the mission. Richard A. Foster was the first full-time General Director. Robert Jeffcott succeeded him in 1966 and served in that capacity until 1994.

In the early 1970's, a growing friendship and cooperative relationship developed between the Directors of UMF and WEFMinistries. We held several DIRECTION conferences together to reach college students on secular as well as Christian colleges. By 1980, the two Directors had some discussion about the advantages of a merger of the two boards. Meetings of the two Boards of Directors held in 1987 resulted in the formation of one agency unified by a common purpose, convictions and burden for world missions. The new mission began officially on January 1, 1988 as Biblical Ministries Worldwide with a Board of Directors comprised of six men from each of the former boards. It could truly be said that BMW was a "new mission with 70 years of experience," serving at that time in 26 countries with 300 missionaries.


Program accomplishments


Needs