Museum of the Bible Inc

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/1/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Museum of the Bible is an innovative, global, educational institution whose purpose is to invite all people to engage with the Bible. We do so through four main initiatives: the Museum in Washington, D.C., Traveling Exhibitions, Education (with our new Bible curriculum), and Research.


Contact information

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

Website: museumofthebible.org/

Phone: (866) 430-MOTB

Email:


Organization details

EIN: 273444987

CEO/President: Harry Hargrave

Chairman: Steve Green

Board size: 13

Founder: Steve Green

Year founded: 2011

Tax deductible: Yes

Fiscal year end:

Member of ECFA: No

Member of ECFA since:


Purpose


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 rating573 of 84440 of 62
Fund acquisition rating230 of 84415 of 62
Resource allocation rating464 of 84437 of 62
Asset utilization rating834 of 84461 of 62

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%4%8%8%9%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%3%7%8%8%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
82%91%91%99%99%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%6%9%29%38%37%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
18%9%9%1%1%0%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%77%78%41%35%35%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%56%78%29%22%13%
Program output ratio Program output ratio =
Program services /
Total revenue
75%43%61%12%8%5%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%44%22%71%78%87%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%13%7%31%28%39%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%17%13%30%27%27%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.090.160.220.100.070.06
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.3813.0231.149.8116.9122.31
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.062.066.810.971.241.32
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.473.502.451.600.801.99
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.290.410.621.250.50
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.414.161.044.64-2.464.53
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%2%15%21%7%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%13%15%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%619%389%792%1262%1656%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$14,844,917$299,079$28,995,919$17,307,477$10,198,933
Receivables, inventories, prepaids$23,450,117$15,756,549$22,223,115$12,987,058$5,493,592
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$38,295,034$16,055,628$51,219,034$30,294,535$15,692,525
Long-term investments$0$0$0$0$0
Fixed assets$459,809,950$481,450,938$436,241,910$268,248,904$123,697,027
Other long-term assets$520,605$2,463,479$14,863,170$213,655,538$210,786,078
Total long-term assets$460,330,555$483,914,417$451,105,080$481,904,442$334,483,105
Total assets$498,625,589$499,970,045$502,324,114$512,198,977$350,175,630
 
Liabilities20192018201720162015
Payables and accrued expenses$10,956,995$6,552,092$31,941,953$38,011,262$7,890,217
Other current liabilities$0$0$0$0$0
Total current liabilities$10,956,995$6,552,092$31,941,953$38,011,262$7,890,217
Debt$0$67,416,242$75,000,000$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$67,416,242$75,000,000$0$0
Total liabilities$10,956,995$73,968,334$106,941,953$38,011,262$7,890,217
 
Net assets20192018201720162015
Unrestricted$466,246,432$409,701,438$381,973,860$464,812,257$339,557,338
Temporarily restricted$21,422,162$16,300,273$13,408,301$9,375,458$2,728,075
Permanently restricted$0$0$0$0$0
Net assets$487,668,594$426,001,711$395,382,161$474,187,715$342,285,413
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$128,097,292$127,617,416$170,528,850$167,868,366$156,450,194
Program service revenue$10,275,669$12,107,258$1,245,962$465,681$273,220
Membership dues$0$0$0$0$0
Investment income$238,897$106,866$307,073$51,253$25,411
Other revenue$1,842,668$188,973($647,916)$1,105,862($980,544)
Total other revenue$12,357,234$12,403,097$905,119$1,622,796($681,913)
Total revenue$140,454,526$140,020,513$171,433,969$169,491,162$155,768,281
 
Expenses20192018201720162015
Program services$60,567,297$85,075,518$20,533,175$12,968,511$7,319,792
Management and general$13,550,216$14,613,266$14,990,095$10,296,201$5,645,241
Fundraising$4,671,546$9,712,179$14,376,410$14,324,148$7,708,355
Total expenses$78,789,059$109,400,963$49,899,680$37,588,860$20,673,388
 
Change in net assets20192018201720162015
Surplus (deficit)$61,665,467$30,619,550$121,534,289$131,902,302$135,094,893
Other changes in net assets$0$0$0$0$0
Total change in net assets$61,665,467$30,619,550$121,534,289$131,902,302$135,094,893

Compensation

NameTitleCompensation
Cary L SummersChief Relationship Officer$434,868
Frank CeruttiDirector of Partner Relations$202,761
Allen QuineVP International Relations$201,586
Jeff KlohaChief Curatorial Officer$199,168
Tony ZeissExec Director of the Museum$196,656
Linda G KoldenhovenDirector of Women's Initiatives$194,067
Kay PeningerDirector of Museum Education$178,184
Christopher LyonsChief Operating Officer$169,147
Karen PothCreative Director$159,258
Darrell UttDirector of Operations$155,836
Kenneth McKenzieCEO$88,227
Marwan RifkaInterim CEO$48,000
David SueyChief Administrative Officer$8,077

Compensation data as of: 6/30/2019


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 9/1/2020. To update the information below, please email: info@ministrywatch.com


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