Audio Scripture Ministries

Summary

Audio Scripture Ministries ("ASM") strives for the furtherance of the Gospel of Jesus Christ throughout the world via production and distribution of communications media. ASM is committed to seeing that all translated New Testaments available in print form are also recorded and made available in audio form. ASM believe that there remains a foundational, essential, unfinished task in world mission today. They believe that that task is to provide the translated Scriptures in audio form for all who cannot read and for ministries among ethnic peoples in multi-lingual settings. ASM began in 1967 as Portable Recording Ministries and changed its name to Audio Scripture Ministries in 1996, and is not affiliated in any way with Audio Scriptures International. This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
760 Waverly Rd
Holland, MI 49423-9423

Website: www.ASMToday.org

Phone: (616) 396-5291

Email: info@asmtoday.org


Organization details

EIN: 236296186

CEO/President: Mr. Tom Dudenhofer

Chairman: Mr. Art Brooks

Board size: 9

Founder: Dr. Ronald Beery

Year founded: 1967

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

Audio Scripture Ministries ("ASM") strives for the furtherance of the Gospel of Jesus Christ throughout the world via production and distribution of communications media. ASM is committed to seeing that all translated New Testaments available in print form are also recorded and made available in audio form. ASM believe that there remains a foundational, essential, unfinished task in world mission today. They believe that that task is to provide the translated Scriptures in audio form for all who cannot read and for ministries among ethnic peoples in multi-lingual settings. ASM began in 1967 as Portable Recording Ministries and changed its name to Audio Scripture Ministries in 1996, and is not affiliated in any way with Audio Scriptures International.

This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

Audio Scripture Ministries expresses its mission statement as follows:

Audio Scripture Ministries is committed to providing the translated Scriptures in audio that all may hear in their own language.

Our mission directs us to:

  1. Produce audio recording of the Scripture in each language needed by people groups around the world.
  2. Make Scripture recordings available in suitable formats for distribution either directly or through various other ministries to non-Christians and Christians whether living in their homelands or elsewhere.
  3. Encourage the formations of an active, cooperative team effort by all possible organizations, urgently focusing on the goal of providing the Scriptures in audio form wherever needed.
  4. Encourage and assist overseas ministries by making equipment and technical services available.
  5. Cooperate with existing local church and mission organizations to encourage and assist follow-up and continued Christian growth of all who respond to God's Word.

Statement of faith

Audio Scripture Ministries uses the following as their Statement of Faith:

We believe:

  • In one God, in three persons: Father, Son, and Holy Spirit.
  • That all humanity has sinned and thus is separated from God.
  • The Bible to be God's only written and imperative message to man: verbally inspired by God, and without error in the original writings.
  • In Jesus Christ, who though God Himself, entered into human flesh: conceived by the Holy Spirit, born of the virgin Mary.
  • That Jesus Christ, the only Mediator between God and man, died for our sins, the sinless for the sinful.
  • That Christ arose bodily from the dead, conquering the power of death.
  • That all who place their faith in Him are accounted to be upright before God and are born into His Spiritual family by His act of grace and mercy.
  • That Christ ascended into heaven where He is our High Priest, and speaks in our defense before God.
  • That The Holy Spirit lives in each believer and desires to enable each one to live a life of victory over sin and of service to Christ. That good works are the fruit resulting from, but not counting toward spiritual rebirth and salvation, and are indicative of true repentance and faith.
  • In the personal return of Jesus Christ at any moment.
  • In the bodily resurrection of believers to eternal life in God's presence and unbelievers to everlasting punishment and separation from God.
  • In the command of God through Christ to every Christian that His Gospel must be made known to every living person by every effective means possible.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating410 of 58635 of 45
Fund acquisition rating447 of 58638 of 45
Resource allocation rating395 of 58633 of 45
Asset utilization rating246 of 58625 of 45

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%11%9%5%5%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%8%5%5%4%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%94%94%95%96%92%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%7%5%6%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%6%6%5%4%8%
 
Operating ratiosMedian % for
all ministries in
MW database
20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%79%83%86%83%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%115%123%109%87%89%
Program output ratio Program output ratio =
Program services /
Total revenue
80%91%102%93%72%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-15%-23%-9%13%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-18%-21%-8%10%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%12%10%10%12%10%
 
Investing ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.071.331.110.970.650.77
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.691.521.341.281.241.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.182.021.491.240.810.99
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.7924.20147.71213.92121.88127.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.040.010.000.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.715.688.019.6214.6812.05
 
Solvency ratiosMedian % for
all ministries in
MW database
20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%1%0%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%73%90%103%152%129%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$487,167$278,149$525,022$646,980$450,122
Receivables, inventories, prepaids$20,456$20,255$37,319$30,381$27,335
Short-term investments$100,088$499,250$447,356$449,741$499,532
Other current assets$0$0$0$0$0
Total current assets$607,711$797,654$1,009,697$1,127,102$976,989
Long-term investments$0$0$0$0$0
Fixed assets$318,691$271,549$282,566$268,972$278,105
Other long-term assets$0$0$0$0$0
Total long-term assets$318,691$271,549$282,566$268,972$278,105
Total assets$926,402$1,069,203$1,292,263$1,396,074$1,255,094
 
Liabilities20192018201720162015
Payables and accrued expenses$23,461$3,404$754$4,837$3,126
Other current liabilities$1,650$1,996$3,966$4,411$4,513
Total current liabilities$25,111$5,400$4,720$9,248$7,639
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$25,111$5,400$4,720$9,248$7,639
 
Net assets20192018201720162015
Unrestricted$582,441$705,626$887,492$982,389$902,487
Temporarily restricted$318,850$358,177$400,051$404,437$344,968
Permanently restricted$0$0$0$0$0
Net assets$901,291$1,063,803$1,287,543$1,386,826$1,247,455
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,002,016$904,071$1,094,418$1,006,858$1,004,435
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$15,204$7,753$6,712$3,825$3,074
Other revenue$50,595$51,056$53,222$42,211$82,736
Total other revenue$65,799$58,809$59,934$46,036$85,810
Total revenue$1,067,815$962,880$1,154,352$1,052,894$1,090,245
 
Expenses20192018201720162015
Program services$966,805$985,299$1,073,829$754,264$822,724
Management and general$151,144$123,892$123,266$106,071$93,734
Fundraising$112,378$77,429$56,540$53,188$48,990
Total expenses$1,230,327$1,186,620$1,253,635$913,523$965,448
 
Change in net assets20192018201720162015
Surplus (deficit)($162,512)($223,740)($99,283)$139,371$124,797
Other changes in net assets$0$0$0$0$0
Total change in net assets($162,512)($223,740)($99,283)$139,371$124,797

Response from ministry

No response has been provided by this ministry.


History

Audio Scripture Ministries began in 1967 under the direction of Dr. Ronald Beery. Dr. Beery left a teaching position as Physics Professor at Hope College in Holland, Michigan to develop a new technology at that time - cassette players. Then called Portable Recording Ministries, International (PRM), the technical missionary service organization pursued development of players that could be used in remote locations. The players were hand powered, with solar panels and battery backups available. Cooperating with other mission organizations, PRM was able to see the fulfillment of a vision with the manufacturing run of several versions of players. Thousands upon thousands of players have been distributed around the world as a result of this early emphasis. Along with the players, PRM began to enable the recording of translated scriptures by providing support and equipment and training. Regional recording studios were started by PRM in Singapore; Bangalore, India; Dhaka, Bangladesh, and Nairobi, Kenya. PRM also established village listening programs for the distribution of the recorded scriptures.

In 1996, an attempted merger with Audio Scriptures International changed the name of PRM to Audio Scripture Ministries. ASI later withdrew from the merger, but the name, Audio Scripture Ministries has remained.

ASM continues to support overseas regional recording studios. In May, 2000, the board of directors appointed Tom Dudenhofer as executive director. Dr. Beery remains as president and is currently doing research and development for a new "breed" of audio scripture players. ASM is currently seeking to partner with Bible translation efforts to provide scripture in audio for language groups not yet able to read, and to encourage literacy.


Program accomplishments

Audio Scripture Ministries played significant roles in the development and production of hand-powered, solar-powered cassette players. ASM has also played a significant role in assisting missionaries and others to locate audio and other equipment suitable for various ministry locations.

Three of the four regional recording studios brought into existence by PRM (now ASM) are fully independent, and two are completely run by local, national believers. The Africa regional center is completely run by Africans, but corporately affiliated with the US headquarters in Holland, Michigan.


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