Jerry Drace Evangelistic Association 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/16/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
The Jerry Drace Evangelistic Association ("JDEA") is committed to evangelism with integrity. By presenting the claims of Christ through programs such as Hope for the Home, revivals, videos focusing on issues facing youth today, and videos made for pastors and church staffs, the JDEA strives to offer encouragement and discipleship to a world in need.
Contact information
Mailing address:
Jerry Drace Evangelistic Association
236 Sanders Bluff Rd
Humboldt, TN 38343-8548
Website: www.jdea.tn.org
Phone: (731) 784-0087
Email: JDEAInc@juno.com
Organization details
EIN: 237430843
CEO/President: Mr. Jerry Drace
Chairman: T. Clark Shaw
Board size: 6
Founder: Mr. Jerry Drace
Year founded: 1975
Tax deductible: Yes
Fiscal year end: 03/31
Member of ECFA: No
Member of ECFA since:
Purpose
The Jerry Drace Evangelistic Association ("JDEA") is committed to evangelism with integrity. By presenting the claims of Christ through programs such as Hope for the Home, revivals, videos focusing on issues facing youth today, and videos made for pastors and church staffs, the JDEA strives to offer encouragement and discipleship to a world in need.
Mission statement
Statement of faith
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 186 of 817 | 9 of 45 |
| Fund acquisition rating | | 12 of 817 | 1 of 45 |
| Resource allocation rating | | 222 of 817 | 7 of 45 |
| Asset utilization rating | | 591 of 817 | 31 of 45 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 96% | 122% | 77% | 80% | 69% | 95% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 4% | -22% | 23% | 20% | 31% | 5% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 88% | 92% | 92% | 92% | 94% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 178% | 100% | 116% | 102% | 138% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 157% | 92% | 106% | 94% | 129% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | -78% | 0% | -16% | -2% | -38% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 8% | -14% | 0% | -3% | -1% | -7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 12% | 8% | 8% | 8% | 6% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.30 | 0.33 | 0.26 | 0.24 | 0.25 | 0.24 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.64 | 1.10 | 1.10 | 1.11 | 1.12 | 1.12 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.43 | 0.36 | 0.28 | 0.26 | 0.28 | 0.27 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.86 | 33.44 | 42.36 | 45.77 | 42.79 | 43.79 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 14% | 0% | 0% | 0% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 65% | 307% | 388% | 423% | 398% | 410% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $7,362 | $4,819 | $7,949 | $7,255 | $5,586 |
| Receivables, inventories, prepaids | $9,551 | $11,125 | $11,545 | $13,994 | $16,513 |
| Short-term investments | $98,169 | $116,033 | $111,242 | $112,942 | $111,796 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $115,082 | $131,977 | $130,736 | $134,191 | $133,895 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $11,895 | $13,078 | $14,261 | $15,444 | $16,627 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $11,895 | $13,078 | $14,261 | $15,444 | $16,627 |
| Total assets | $126,977 | $145,055 | $144,997 | $149,635 | $150,522 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $0 | $0 | $0 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Unrestricted | $0 | $145,055 | $144,997 | $149,635 | $150,522 |
| Temporarily restricted | $0 | $0 | $0 | $0 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $126,977 | $145,055 | $144,997 | $149,635 | $150,522 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $28,365 | $28,751 | $23,580 | $25,407 | $25,195 |
| Program service revenue | $1,500 | $3,482 | $2,483 | $4,951 | $3,527 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($6,638) | $4,791 | $8,300 | $9,145 | $3,076 |
| Other revenue | ($10) | $417 | ($4,722) | ($2,757) | ($5,197) |
| Total other revenue | ($5,148) | $8,690 | $6,061 | $11,339 | $1,406 |
| Total revenue | $23,217 | $37,441 | $29,641 | $36,746 | $26,601 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $36,499 | $34,550 | $31,370 | $34,564 | $34,382 |
| Management and general | $4,796 | $2,833 | $2,909 | $3,069 | $2,313 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $41,295 | $37,383 | $34,279 | $37,633 | $36,695 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | ($18,078) | $58 | ($4,638) | ($887) | ($10,094) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($18,078) | $58 | ($4,638) | ($887) | ($10,094) |
Compensation
| Name | Title | Compensation |
| Becky Drace | Bookkeeper/S | $12,480 |
Compensation data as of: 3/31/2020
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 3/16/2021. To update the information below, please email: info@ministrywatch.com
History
The following represents some of the highlights of JDEA's 26 years of ministry at home in the United States:
1977: The gym at Stetson University was filled to near capacity as Jerry spoke at PraiseFest.
1982: Billy Graham, Frank Pollard, pastor of First Baptist Church, Jackson, MS, and Jerry share the platform and preaching responsibilities at the First Annual Conference for Southern Baptist Evangelists at Southern Seminary, Louisville, KY.
1984: Jerry preaches on prayer and Spiritual awakening at the Pastor's Conference of the Southern Baptist Convention.
1989: The Fall Campus Revival at Union University in Jackson, TN was well attended with many students making public decisions.
1989: Golden Gate Baptist Theological Seminary invited the team to conduct their campus wide fall revival.
1990: Preaching at First Baptist in Jacksonville, FL, the home church for the Draces for several years, was always a joy. Homer Lindsay, Jr. and Jerry Vines co-pastor this great church.
1991: The team conducted a revival at First Baptist Church, Jackson, MS, where Frank Pollard is Pastor.
1992: The First Baptist Church of San Francisco was the site of a great week in the Lord.
1998: Jerry preached at the first Sunday morning worship service of the Southern Baptist Convention in Salt Lake City. Dr. James Merritt, pastor of FBC Snellville, GA, also spoke. Over 3,000 were in attendance.
1999: A croud of 14,000 teenagers gathered in Centennial Park in Atlanta, GA to hear Small Town Poets, Third Day, and Darrell and Craig Scott. Jerry made arrangments for a special presentation of the Crosses of Columbine.