Living Stream Ministry

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/19/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

The Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Contact information

Mailing address:
P.O. Box 2121
2431 W. LA Palma Avenue (92801)
Anaheim, CA 92814-0121

Website: www.LSM.org

Phone: (714) 236-6001

Email: office@lsm.org


Organization details

EIN: 237031637

CEO/President: Mr. Benson Phillips

Chairman:

Board size: 9

Founder:

Year founded:

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.


Mission statement


Statement of faith

Living Stream uses the following to express its Statement of Faith:

Holding the Bible as the complete and only divine revelation, we strongly believe that God is eternally one and also eternally the Father, the Son, and the Spirit, the three being distinct but not separate. We hold that Christ is both the complete God and the perfect man. Without abandoning His divinity, He was conceived in the womb of a human virgin, lived a genuine human life on earth, and died a vicarious and all-inclusive death on the cross. After three days He resurrected bodily and has ascended to the heavens. He is now in glory, fully God but still fully man. We look to His imminent return with the kingdom of God, by which He will reign over the earth in the millennium and in eternity. We confess that the third of the Trinity, the Spirit, is equally God. All that the Father has and is, is expressed by the Son; and all that the Son has and is, is realized as the Spirit. We further believe that mankind is in need of God's salvation. Though we were absolutely unable to fulfill the heavy demands of God's righteousness, holiness, and glory, Christ fulfilled all the requirements through His death on the cross. Because of Christ's death, God has forgiven us of our sins, reconciled us to Himself, and justified us by making Christ our righteousness. Based on Christ's redemption, God regenerates the redeemed with His Spirit to consummate His salvation, that they may become His children. Now possessing God's life and nature, the believers enjoy a daily salvation in His Body in this age and the eternal salvation in the coming age and in eternity. In eternity we will dwell with God in the New Jerusalem, the consummation of God's salvation of His elect.

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Publishing

CategoryRatingOverall rankSector rank
Overall efficiency rating456 of 9112 of 7
Fund acquisition rating303 of 9131 of 7
Resource allocation rating233 of 9133 of 7
Asset utilization rating836 of 9117 of 7

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
3%0%0%0%0%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
63%16%37%22%11%15%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%0%0%0%0%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
37%84%63%78%89%85%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%82%84%83%79%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%85%77%83%87%86%
Program output ratio Program output ratio =
Program services /
Total revenue
77%70%65%69%69%69%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%15%23%17%13%14%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
-1%2%5%3%2%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%18%16%17%21%20%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.480.130.160.150.140.14
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.404.715.324.805.185.78
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.450.630.870.700.720.82
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.7812.7825.8527.4023.7134.82
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.080.040.040.040.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
8.1317.5513.1916.4115.9814.27
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
20%2%2%6%7%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%5%5%6%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
174%731%596%639%671%661%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$13,237,817$10,414,103$11,249,980$9,297,230$7,911,857
Receivables, inventories, prepaids$8,185,360$8,124,036$9,125,571$9,183,763$8,259,267
Short-term investments$571,852$400,025$464,955$320,314$270,734
Other current assets$0$0$0$0$0
Total current assets$21,995,029$18,938,164$20,840,506$18,801,307$16,441,858
Long-term investments$5,093,406$5,480,618$0$0$0
Fixed assets$76,186,197$76,085,770$77,631,451$77,128,165$77,182,145
Other long-term assets$212,302$206,058$1,638,808$1,541,445$1,457,079
Total long-term assets$81,491,905$81,772,446$79,270,259$78,669,610$78,639,224
Total assets$103,486,934$100,710,610$100,110,765$97,470,917$95,081,082
 
Liabilities20192018201720162015
Payables and accrued expenses$1,040,138$639,431$760,469$793,025$472,172
Other current liabilities$681,223$93,119$0$0$0
Total current liabilities$1,721,361$732,550$760,469$793,025$472,172
Debt$0$0$4,935,944$5,132,803$5,318,532
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$406,985$1,234,327$534,995$813,617$556,395
Total long-term liabilities$406,985$1,234,327$5,470,939$5,946,420$5,874,927
Total liabilities$2,128,346$1,966,877$6,231,408$6,739,445$6,347,099
 
Net assets20192018201720162015
Without donor restrictions$98,587,914$96,156,978$90,640,093$89,654,979$87,703,655
With donor restrictions$2,770,674$2,586,755$3,239,264$1,076,493$1,030,328
Net assets$101,358,588$98,743,733$93,879,357$90,731,472$88,733,983
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,594,019$7,967,674$3,839,668$1,644,447$2,420,650
Program service revenue$6,060,959$6,101,553$6,404,133$6,074,204$5,332,139
Membership dues$0$0$0$0$0
Investment income$210,735$112,635$405,829$205,983$882,942
Other revenue$7,438,023$7,294,265$7,059,708$7,557,485$7,041,086
Total other revenue$13,709,717$13,508,453$13,869,670$13,837,672$13,256,167
Total revenue$16,303,736$21,476,127$17,709,338$15,482,119$15,676,817
 
Expenses20192018201720162015
Program services$11,427,812$13,867,180$12,139,561$10,742,444$10,768,495
Management and general$2,433,667$2,691,498$2,542,283$2,783,312$2,662,721
Fundraising$0$0$0$0$0
Total expenses$13,861,479$16,558,678$14,681,844$13,525,756$13,431,216
 
Change in net assets20192018201720162015
Surplus (deficit)$2,442,257$4,917,449$3,027,494$1,956,363$2,245,601
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,442,257$4,917,449$3,027,494$1,956,363$2,245,601

Compensation

NameTitleCompensation
Samuel LeePrinting Manager$127,822
Ed MarksDirector$104,979
Ron KangasDirector$104,858
Curt KennardAssistant Treasurer$90,723
Kerry RobichauxDirector$88,430
Dennis HigashiDirector$83,609
Benson PhillipsPresident$57,181
Bryan KarrDirector$55,620
Raymond GraverTreasurer$40,914
David KooDirector$36,757
Andrew YuSecretary and VP$34,899
George DankerDirector$29,783
Joe DavisDirector$1,188

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 3/19/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments


Needs