African Enterprise

The information on this page was last updated 9/29/2022. If you see errors or omissions, please email: [email protected]


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: [email protected]


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

African Enterprise subscribes to the tenets of the Lausanne Covenant and further believes and affirms the following:

The divine inspiration and infallibility of the Holy Scripture as originally given and its supreme authority in all matters of faith and conduct.

The unity of the Father, the Son and the Holy Spirit in the Godhead.

The universal sinfulness and guilt of human nature since the Fall, rendering humankind subject to God's wrath and condemnation.

Redemption from the guilt penalty and power of sin only through the sacrificial death (as our Representative and Substitute) of Jesus Christ, the Incarnate Son of God.

The bodily resurrection of Jesus Christ from the dead.

The necessity of the work of the Holy Spirit to make the death of Christ effective to the individual sinner, granting him or her repentance toward God and faith in Jesus Christ.

The indwelling and work of the Holy Spirit in the believer.

The one holy universal Church, which is the Body of Christ and to which all true believers belong.

The expectation of the Personal return of the Lord Jesus Christ.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating917 of 1024113 of 126
Fund acquisition rating847 of 102795 of 126
Resource allocation rating972 of 1027123 of 126
Asset utilization rating519 of 102467 of 126

Financial ratios

Funding ratiosSector median20212020201920152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%9%10%8%14%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%8%9%8%14%17%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%87%90%96%103%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%9%10%9%13%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%13%10%4%-3%3%
 
Operating ratiosSector median20212020201920152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%66%63%66%61%56%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%91%98%89%103%110%
Program output ratio Program output ratio =
Program services /
Total revenue
76%60%62%59%63%62%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%9%2%11%-3%-10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%11%2%13%-5%-11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%25%28%25%26%28%
 
Investing ratiosSector median20212020201920152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.141.081.211.101.341.23
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.291.001.001.001.011.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.611.081.211.111.351.24
 
Liquidity ratiosSector median20212020201920152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
20.98553.57307.5194.4388.0760.64
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.000.000.010.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.9111.079.8610.748.819.56
 
Solvency ratiosSector median20212020201920152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%0%0%1%1%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%92%82%90%74%80%

Financials

Balance sheet
 
Assets20212020201920152014
Cash$48,930$23,011$39,110$142,280$735,210
Receivables, inventories, prepaids$750$750$750$750$650
Short-term investments$692,109$636,154$608,030$554,828$0
Other current assets$0$0$0$0$0
Total current assets$741,789$659,915$647,890$697,858$735,860
Long-term investments$0$0$0$0$0
Fixed assets$1,183$1,918$2,732$5,145$2,717
Other long-term assets$0$0$0$0$0
Total long-term assets$1,183$1,918$2,732$5,145$2,717
Total assets$742,972$661,833$650,622$703,003$738,577
 
Liabilities20212020201920152014
Payables and accrued expenses$1,340$2,146$6,861$7,924$12,134
Other current liabilities$0$0$0$0$0
Total current liabilities$1,340$2,146$6,861$7,924$12,134
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$1,340$2,146$6,861$7,924$12,134
 
Net assets20212020201920152014
Without donor restrictions$741,632$659,687$638,739$672,738$702,778
With donor restrictions$0$0$5,022$22,341$23,665
Net assets$741,632$659,687$643,761$695,079$726,443
 
Revenues and expenses
 
Revenue20212020201920152014
Total contributions$769,555$736,181$771,470$931,756$801,414
Program service revenue$19,743$31,042$18,011$849$0
Membership dues$0$0$0$0$0
Investment income$95,359$49,373$12,194($23,742)$26,824
Other revenue$0$0$0$0$788
Total other revenue$115,102$80,415$30,205($22,893)$27,612
Total revenue$884,657$816,596$801,675$908,863$829,026
 
Expenses20212020201920152014
Program services$530,157$503,291$472,463$571,447$512,019
Management and general$201,207$220,551$182,378$242,951$258,175
Fundraising$71,348$76,828$61,621$125,829$138,609
Total expenses$802,712$800,670$716,462$940,227$908,803
 
Change in net assets20212020201920152014
Surplus (deficit)$81,945$15,926$85,213($31,364)($79,777)
Other changes in net assets$0$0$0$0$0
Total change in net assets$81,945$15,926$85,213($31,364)($79,777)

Compensation

NameTitleCompensation
Jamie MorrisonExecutive Director$94,000

Compensation data as of: 9/30/2021


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 9/29/2022. To update the information below, please email: [email protected]


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.