Museum of the Bible Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/11/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Museum of the Bible is a global, innovative, educational institution whose purpose is to invite all people to engage with the transformative power of the Bible. Through interactive exhibits and cutting-edge technology, we bring guests an immersive, personal experience with the impact, narrative, and history of the Bible. Whether you want to explore the Bible more deeply or are discovering it for the first time, Museum of the Bible has something for you.


Contact information

Mailing address:
P.O. Box 15479
Washington , DC 20003

Website: museumofthebible.org/

Phone: (866) 430-MOTB

Email: customerservices@mbible.org


Organization details

EIN: 273444987

CEO/President: Harry Hargrave

Chairman: Steve Green

Board size: 11

Founder: Steve Green

Year founded: 2011

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2015


Purpose

Making its grand opening to the public in November 2017, Museum of the Bible's 430,000-square-foot building is located just three blocks from the US Capitol in Washington, DC. Museum of the Bible aims to be among the most technologically advanced and engaging museums in the world. Showcasing rare and fascinating artifacts spanning 4,000 years of history, the museum offers visitors an immersive and personalized experience with the Bible and its ongoing impact on the world around us.

Museum of the Bible is dedicated to expanding knowledge and encouraging learning for all ages around the world. Our new Bible curriculum engages students with the history, narrative, and impact of the Bible through cutting-edge Augmented Reality technology.

Museum of the Bible supports academic research around the world.

The Tel Shimron Excavation is an exciting research initiative of Museum of the Bible, Wheaton College, and Tel Aviv University. This excavation seeks to understand the ancient world, including the world of the Bible, through rigorous archaeological investigation.

As the academic research wing of Museum of the Bible, the Scholars Initiative fosters biblical research at colleges, universities, and seminaries across the world, planning and supporting academic projects related to the languages and material culture of the Bible, and capitalizing on artifacts in the Museum Collections.


Mission statement

The Museum of the Bible is an innovative, global and educational institution whose purpose is to invite all people to engage with the history, the impact and the narrative of the Bible. We do so through four main initiatives: our permanent museum in Washington, D.C., traveling exhibitions, education and research.


Statement of faith

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating886 of 94066 of 70
Fund acquisition rating722 of 94248 of 70
Resource allocation rating665 of 94249 of 70
Asset utilization rating931 of 94069 of 70

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%10%4%8%8%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%9%3%7%8%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
85%85%91%91%99%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%6%9%29%38%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
15%15%9%9%1%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%76%77%78%41%35%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%169%56%78%29%22%
Program output ratio Program output ratio =
Program services /
Total revenue
75%129%43%61%12%8%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-69%44%22%71%78%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-7%13%7%31%28%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%19%17%13%30%27%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.040.160.160.220.100.07
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.3313.7613.0231.149.8116.91
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.572.212.066.810.971.24
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.582.633.502.451.600.80
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.380.290.410.621.25
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.933.374.161.044.64-2.46
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%8%2%15%21%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%0%13%15%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%576%619%389%792%1262%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$618,131$14,844,917$299,079$28,995,919$17,307,477
Receivables, inventories, prepaids$18,849,222$23,450,117$15,756,549$22,223,115$12,987,058
Short-term investments$15,079,983$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$34,547,336$38,295,034$16,055,628$51,219,034$30,294,535
Long-term investments$0$0$0$0$0
Fixed assets$440,516,513$459,809,950$481,450,938$436,241,910$268,248,904
Other long-term assets$360,677$520,605$2,463,479$14,863,170$213,655,538
Total long-term assets$440,877,190$460,330,555$483,914,417$451,105,080$481,904,442
Total assets$475,424,526$498,625,589$499,970,045$502,324,114$512,198,977
 
Liabilities20202019201820172016
Payables and accrued expenses$8,888,452$10,956,995$6,552,092$31,941,953$38,011,262
Other current liabilities$4,234,023$0$0$0$0
Total current liabilities$13,122,475$10,956,995$6,552,092$31,941,953$38,011,262
Debt$23,188,265$0$67,416,242$75,000,000$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$23,188,265$0$67,416,242$75,000,000$0
Total liabilities$36,310,740$10,956,995$73,968,334$106,941,953$38,011,262
 
Net assets20202019201820172016
Without donor restrictions$423,897,295$466,246,432$409,701,438$381,973,860$464,812,257
With donor restrictions$15,216,491$21,422,162$16,300,273$13,408,301$9,375,458
Net assets$439,113,786$487,668,594$426,001,711$395,382,161$474,187,715
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$38,182,684$128,097,292$127,617,416$170,528,850$167,868,366
Program service revenue$6,733,378$10,275,669$12,107,258$1,245,962$465,681
Membership dues$0$0$0$0$0
Investment income$327,645$238,897$106,866$307,073$51,253
Other revenue($195,896)$1,842,668$188,973($647,916)$1,105,862
Total other revenue$6,865,127$12,357,234$12,403,097$905,119$1,622,796
Total revenue$45,047,811$140,454,526$140,020,513$171,433,969$169,491,162
 
Expenses20202019201820172016
Program services$58,051,698$60,567,297$85,075,518$20,533,175$12,968,511
Management and general$14,215,863$13,550,216$14,613,266$14,990,095$10,296,201
Fundraising$3,937,110$4,671,546$9,712,179$14,376,410$14,324,148
Total expenses$76,204,671$78,789,059$109,400,963$49,899,680$37,588,860
 
Change in net assets20202019201820172016
Surplus (deficit)($31,156,860)$61,665,467$30,619,550$121,534,289$131,902,302
Other changes in net assets$0$0$0$0$0
Total change in net assets($31,156,860)$61,665,467$30,619,550$121,534,289$131,902,302

Compensation

NameTitleCompensation
Kenneth McKenzieCEO - Part Year$539,791
Jeffrey KlohaChief Curatorial Officer$286,122
David P SueyChief Administrative Officer$236,159
Donna Buono JonasChief Operating Officer$207,926
Michael WeygandtDirector of IT$190,894
Linda G KoldenhovenDirector of Women's Initiatives$179,881
Rena OpertDirector of Exhibits$170,593
Troy McDanielDirector of Marketing$166,800
Karen PothCreative Director$161,598
Cary L SummersFormer Relationships Officer$122,047
Steve SchildwachterChief Marketing Officer$116,554
Joe FosterChief Relations Officer$66,103
Harry HargraveCEO - Part Year$34,096

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 8/11/2021. To update the information below, please email: info@ministrywatch.com


History

Reaching more than half a million people to date, our exhibits have traveled across the country and around the world. We have brought the story of the Bible to Oklahoma City, Atlanta, Charlotte, Colorado Springs, Springfield (MO), the Greater Los Angeles area, The Vatican, Jerusalem, Israel, Havana and Santiago, Cuba, and numerous colleges and universities.


Program accomplishments


Needs