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

CategoryRatingOverall rankSector rank
Overall efficiency rating186 of 8179 of 45
Fund acquisition rating12 of 8171 of 45
Resource allocation rating222 of 8177 of 45
Asset utilization rating591 of 81731 of 45

Financial ratios

Funding ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.300.330.260.240.250.24
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.641.101.101.111.121.12
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.430.360.280.260.280.27
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.510.000.000.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.150.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.8633.4442.3645.7742.7943.79
 
Solvency ratiosSector median20202019201820172016
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
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Becky DraceBookkeeper/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.


Program accomplishments


Needs