African Enterprise 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/30/2022. To update the information in this column, please email: info@ministrywatch.com
Summary
Proclaiming the Gospel of Jesus is the Heartbeat of African Enterprise.
African Enterprise has been evangelising the cities of Africa through mission in Word and Deed in partnership with local churches for over 50 years! We've only just begun...
Our passion to proclaim the Gospel is carried out primarily through evangelistic outreaches, or 'missions' , in the major cities of Africa. We believe that all people - from street children to presidents - need to hear and be changed by the Gospel!
African Enterprise has played a pivotal role in Africa for the past 60 years in bringing peace and reconciliation during conflict, bringing hundreds of thousands of people to church and providing vulnerable people with new life options through apprenticeship programs. Our commitment to the Great Commission and glorifying God the Father, Son and Holy Spirit is made possible through our team of evangelists located in ten countries throughout Africa, mission volunteers through churches in Africa and across the world, and all our supporters around the world.
Contact information
Mailing address:
African Enterprise
PO Box 28190
Spokane, WA 99228
Website: www.africanenterprise.org
Phone: (509) 343-4011
Email: info@aeusa.org
Organization details
EIN: 952275044
CEO/President: Jamie Morrison (USA/Canada Director)
Chairman: Wayne Herman
Board size: 4
Founder: Michael Cassidy
Ruling year: 1964
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: Yes
Member of ECFA since: 1980
Purpose
Our Vision: Being the most faithful and effective catalyst for holistic urban evangelism in Africa.
Mission statement
To evangelize the cities of Africa through word and deed in partnership with the Church.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 913 of 1022 | 105 of 121 |
| Fund acquisition rating | | 834 of 1024 | 94 of 121 |
| Resource allocation rating | | 992 of 1024 | 121 of 121 |
| Asset utilization rating | | 488 of 1022 | 61 of 121 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 10% | 8% | 8% | 6% | 10% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 9% | 8% | 7% | 6% | 10% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 90% | 96% | 93% | 93% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 10% | 9% | 7% | 6% | 9% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 10% | 4% | 7% | 7% | 4% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 63% | 66% | 66% | 63% | 63% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 98% | 89% | 112% | 98% | 112% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 62% | 59% | 74% | 62% | 71% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 2% | 11% | -12% | 2% | -12% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | 2% | 13% | -14% | 2% | -11% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 28% | 25% | 27% | 31% | 28% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.21 | 1.21 | 1.10 | 1.33 | 1.18 | 1.04 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.29 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 1.21 | 1.11 | 1.33 | 1.18 | 1.04 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 20.97 | 307.51 | 94.43 | 112.69 | 107.14 | 99.72 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.11 | 9.86 | 10.74 | 8.92 | 10.06 | 11.37 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 0% | 1% | 1% | 1% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 75% | 82% | 90% | 74% | 84% | 95% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $23,011 | $39,110 | $21,559 | $27,677 | $44,099 |
| Receivables, inventories, prepaids | $750 | $750 | $750 | $750 | $750 |
| Short-term investments | $636,154 | $608,030 | $540,030 | $613,028 | $583,755 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $659,915 | $647,890 | $562,339 | $641,455 | $628,604 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,918 | $2,732 | $1,199 | $1,609 | $3,041 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $1,918 | $2,732 | $1,199 | $1,609 | $3,041 |
| Total assets | $661,833 | $650,622 | $563,538 | $643,064 | $631,645 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,146 | $6,861 | $4,990 | $5,987 | $6,304 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2,146 | $6,861 | $4,990 | $5,987 | $6,304 |
| 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 | $2,146 | $6,861 | $4,990 | $5,987 | $6,304 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $659,687 | $638,739 | $558,548 | $637,077 | $570,341 |
| With donor restrictions | $0 | $5,022 | $0 | $0 | $55,000 |
| Net assets | $659,687 | $643,761 | $558,548 | $637,077 | $625,341 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $736,181 | $771,470 | $626,516 | $717,822 | $560,526 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $49,373 | $12,194 | $19,784 | $51,756 | $25,656 |
| Other revenue | $31,042 | $18,011 | $25,259 | $0 | $588 |
| Total other revenue | $80,415 | $30,205 | $45,043 | $51,756 | $26,244 |
| Total revenue | $816,596 | $801,675 | $671,559 | $769,578 | $586,770 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $503,291 | $472,463 | $498,365 | $478,177 | $413,730 |
| Management and general | $220,551 | $182,378 | $202,942 | $235,136 | $183,956 |
| Fundraising | $76,828 | $61,621 | $48,781 | $44,529 | $58,822 |
| Total expenses | $800,670 | $716,462 | $750,088 | $757,842 | $656,508 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $15,926 | $85,213 | ($78,529) | $11,736 | ($69,738) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $15,926 | $85,213 | ($78,529) | $11,736 | ($69,738) |
Compensation
| Name | Title | Compensation |
| Jamie Morrison | Executive Director | $94,000 |
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 3/30/2022. To update the information below, please email: info@ministrywatch.com
History
As a young South African man, just 21 years old, Michael Cassidy had a heart for his people and felt the Lord calling him to city-evangelism in Africa. During the summer of 1961, he set out on an exploratory visit to 31 major cities of Africa, a trip in which God's vision for Michael became clear. On a long walk on the beach, Michael drew an outline of Africa in the sand and wrote "claimed for Christ" inside it. His experience is recounted in the book African Harvest: "He wrote in his diary; 'I asked God for 50 years of ministry in Africa.'"
Graduating from Fuller Theological Seminary in 1963, Michael returned to South Africa with a small team and his work began. The first city-wide mission was held in Pietermaritzburg, South Africa and from there the work expanded slowly across the continent. A second team was established in Uganda in 1971 under the leadership of Bishop Festo Kivengere. Today AE has teams in ten African countries: Ghana, Uganda, Zimbabwe, South Africa, Rwanda, Kenya, Tanzania, the Democratic Republic of Congo, Malawi and Ethiopia.
"Michael's vision and courage were key contributors to mobilizing the church in South Africa to challenge and topple one of the most evil and divisive systems in the world, namely Apartheid."
- S. Doug Birdsall, Honorary co-Chair, Lausanne Committee for World Evangelization
Program accomplishments
Needs
Reaching approximately a million people a year with the Gospel and seeing hundreds of thousands committing or rededicating to Christ is such a rewarding and important role which is made possible through the prayers of thousands of people every day and regular financial gifts. Thank you to all our supporters, present and past. If you are considering partnering with us, please prayerfully consider if God is calling you to change lives in Africa now through the evangelical ministry of African Enterprise.