Las Vegas Rescue Mission

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/21/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

For 50 years the Las Vegas Rescue Mission has been serving our community. From humble beginnings, the Mission has grown to become a major help in addressing the growing homeless population of Clark County. As a nonprofit Christian organization, the Mission receives no government support; we rely solely upon the compassion and support of concerned individuals, churches, corporations, and other organizations.


Contact information

Mailing address:
Las Vegas Rescue Mission
480 West Bonanza Rd
PO Box 270400
Las Vegas, NV 89106-3227

Website: vegasrescue.org

Phone: 702-382-1766

Email: contactus@vegasrescue.org


Organization details

EIN: 237222330

CEO/President: Heather Engle

Chairman: Ron McMenemy

Board size: 10

Founder: Ed Compton

Year founded: 1970

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2007


Purpose

Through effective, innovative Christian recovery programs, the Mission provides a path for those who want to escape the despair of the streets.


Mission statement

To serve those in need through food, shelter, daily needs and addiction recovery, offering hope to individuals and families through Jesus Christ.


Statement of faith

The Las Vegas Rescue Mission is committed to the foundational doctrines of the Christian faith. We consider the following doctrines to be essential:

ABOUT GOD: The existence of one God, who eternally exists in three persons: Father, Son and Holy Spirit.

ABOUT THE BIBLE: The Bible is God's Word to all men. It was written by human authors, under inspiration of the Holy Spirit. It is our sole authority for faith and practice.

ABOUT JESUS CHRIST: Jesus Christ is God's only son, born of the virgin Mary by the Holy Spirit. We affirm His Miracles, His Message, and His death on Calvary's cross. He bodily arose from the grave, sits at the right hand of God, intercedes for the Church and prepares all things for His imminent return.

ABOUT MAN: Man is made in the spiritual image of God and yet, through Adam, has become captive to sin and death. This sin separates man from God.

ABOUT SALVATION: Salvation is a gift from God to man. Salvation is by grace, through faith in the Lord Jesus Christ, apart from all works of righteousness.

ABOUT THE CHURCH: The church is the visible Body of Christ, of which Jesus is the head. The Church is commissioned to make disciples of all peoples and nations.

ABOUT THE HOLY SPIRIT: The Holy Spirit is equal with the Father and Son as God. He is present in the world to make men aware of their need for Jesus Christ. The Spirit lives in every Christian from the moment of salvation. He provides the Christian with power for living, understanding of spiritual truth, and guidance in doing what is right.

ABOUT ETERNITY: Man was created to exist forever. He will either exist eternally separated from God by sin; or in union with God through forgiveness and salvation. To be eternally separated from God is Hell. To be eternally in union with Him is eternal life.

CHRIST'S RETURN: Jesus ascended to Heaven's glory and will return again to earth to reign as King of kings, and Lord of lords.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating749 of 940132 of 160
Fund acquisition rating789 of 942145 of 160
Resource allocation rating747 of 942128 of 160
Asset utilization rating371 of 94075 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%20%19%23%16%15%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%17%16%20%14%15%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%85%84%87%90%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%18%14%19%16%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%15%16%13%10%5%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%73%76%73%78%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%92%114%106%90%106%
Program output ratio Program output ratio =
Program services /
Total revenue
75%67%86%77%70%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%8%-14%-6%10%-6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%7%-11%-5%9%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%9%10%9%6%6%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.610.720.660.690.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.763.698.416.316.296.13
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.242.256.094.164.315.11
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1411.534.175.747.636.70
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.090.240.170.130.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.454.881.502.382.422.00
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%24%19%17%16%18%
Debt ratio Debt ratio =
Debt /
Total assets
1%21%0%14%14%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%125%112%125%122%98%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,761,497$212,623$889,403$826,748$970,982
Receivables, inventories, prepaids$246,568$163,531$152,705$308,775$99,621
Short-term investments$16,273$397,211$80,926$28,060$34,938
Other current assets$0$0$0$0$0
Total current assets$2,024,338$773,365$1,123,034$1,163,583$1,105,541
Long-term investments$0$0$0$0$0
Fixed assets$5,445,017$5,718,342$5,938,997$6,143,177$5,664,577
Other long-term assets$1,965$11,858$20,074$10,261$4,990
Total long-term assets$5,446,982$5,730,200$5,959,071$6,153,438$5,669,567
Total assets$7,471,320$6,503,565$7,082,105$7,317,021$6,775,108
 
Liabilities20202019201820172016
Payables and accrued expenses$161,077$185,349$195,752$152,451$164,943
Other current liabilities$14,525$0$0$0$0
Total current liabilities$175,602$185,349$195,752$152,451$164,943
Debt$1,592,626$4,109$1,005,364$1,003,073$1,000,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$10,500$1,036,135$30,138$48,465$66,400
Total long-term liabilities$1,603,126$1,040,244$1,035,502$1,051,538$1,066,400
Total liabilities$1,778,728$1,225,593$1,231,254$1,203,989$1,231,343
 
Net assets20202019201820172016
Without donor restrictions$4,954,541$4,759,112$5,357,333$5,611,457$5,543,765
With donor restrictions$738,051$518,860$493,518$501,575$0
Net assets$5,692,592$5,277,972$5,850,851$6,113,032$5,543,765
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$4,233,994$3,471,436$3,839,492$5,020,662$5,103,562
Program service revenue$510,999$634,618$545,654$556,540$227,222
Membership dues$0$0$0$0$0
Investment income$204,715$6,298$905($18,615)$0
Other revenue$11,273$34,961$23,059$21,214$18,435
Total other revenue$726,987$675,877$569,618$559,139$245,657
Total revenue$4,960,981$4,147,313$4,409,110$5,579,801$5,349,219
 
Expenses20202019201820172016
Program services$3,317,970$3,586,237$3,390,668$3,903,622$4,502,973
Management and general$402,273$455,200$417,004$317,458$358,333
Fundraising$827,561$670,435$867,834$791,574$790,455
Total expenses$4,547,804$4,711,872$4,675,506$5,012,654$5,651,761
 
Change in net assets20202019201820172016
Surplus (deficit)$413,177($564,559)($266,396)$567,147($302,542)
Other changes in net assets$0$0$0$0$0
Total change in net assets$413,177($564,559)($266,396)$567,147($302,542)

Compensation

NameTitleCompensation
Heather EngleCEO$111,010
Nicola AntillCOO$96,388

Compensation data as of: 6/30/2020


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 12/21/2020. To update the information below, please email: info@ministrywatch.com


History

LVRM was founded in 1970 by a pastor and six businessmen who had a calling to help those who were homeless and hungry. Together, they secured a tiny storefront at 414 West Bonanza Road. By God's grace, they provided sandwiches and drinks, along with mats and blankets for men to eat and sleep away from the elements.


Program accomplishments

The Las Vegas Rescue Mission (LVRM) started with a small storefront building that included the chapel, kitchen and a shelter that could house a few men. Today, LVRM campus takes up two city blocks in downtown Las Vegas, helping hundreds of men, women and their children daily, and providing approximately 30,000 meals each month.


Needs