The Seed Company

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/24/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Seed Company is at the cutting edge of bringing the Bible to people who have never had God's Word in a language they understand.

Working with over 1400 global partners, we serve the local church by providing training, consulting, funding, and project management that leads to a meaningful, accurate translation in the local mother tongue. Thousands of prayer partners provide a solid foundation for the work.


Contact information

Mailing address:
The Seed Company
220 Westway Pl
Suite 100
Arlington, TX 76018

Website: seedcompany.com

Phone: 817-557-2121

Email: info@seedcompany.com


Organization details

EIN: 330838929

CEO/President: Larry Jones

Chairman: Jason S. Baker

Board size: 10

Founder: Bernie May

Year founded: 1999

Tax deductible: Yes

Fiscal year end:

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

God's Word transforming lives in every language in this generation. At Seed Company we are passionate about accelerating the translation of God's Word in every heart language that needs it by 2025.


Mission statement

To accelerate Scripture translation and impact for people without God's Word through Great Commission partnerships.


Statement of faith

We believe the Bible, the inspired Word of God, is completely trustworthy, speaking with supreme authority in all matters of belief and practice.

We believe in one God, who exists eternally in three persons, the Father, the Son, and the Holy Spirit.

We believe all people, being created in the image of God, have intrinsic value, but as a result of sin are alienated from God and each other, and therefore in need of reconciliation.

We believe that Jesus Christ, the Son of God, born of the virgin Mary, is fully God and fully human; He demonstrated God's love for sinners by suffering the penalty of death in their place, rose bodily from the dead and ascended to heaven where He intercedes for His people.

We believe all who repent and trust in Jesus Christ alone as Lord and Savior are, by the grace of God, declared to be right with Him, receiving forgiveness and eternal life.

We believe the Lord Jesus Christ will return personally in glory, raise the dead, and judge the world.

We believe all people will rise from the dead, those who are in Christ to enjoy eternal life with God, and those who are lost to suffer eternal separation from Him.

We believe in the Holy Spirit, who imparts new life to those who believe in Christ; through His indwelling presence and transforming power He gives assurance and equips believers for holy living and effective service.

We believe the Church is the body of Christ, the fellowship of all believers, and is commissioned to make disciples of all nations.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating502 of 9136 of 15
Fund acquisition rating518 of 9159 of 15
Resource allocation rating489 of 9157 of 15
Asset utilization rating429 of 9136 of 15

Financial ratios

Funding ratiosSector median20202019201820172009
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%10%17%15%12%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%10%16%15%12%14%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%99%98%98%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%11%14%15%13%22%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%1%2%2%3%
 
Operating ratiosSector median20202019201820172009
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%81%80%77%75%64%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%85%119%99%93%61%
Program output ratio Program output ratio =
Program services /
Total revenue
77%69%95%76%70%39%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%15%-19%1%7%39%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%21%-31%2%10%39%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%7%7%8%12%14%
 
Investing ratiosSector median20202019201820172009
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.731.061.721.401.140.60
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.441.091.221.211.151.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.761.162.101.691.320.61
 
Liquidity ratiosSector median20202019201820172009
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.7026.2113.9118.4534.4039.06
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.040.070.050.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.069.995.316.738.8219.30
 
Solvency ratiosSector median20202019201820172009
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%10%8%7%6%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
85%85%53%66%82%164%

Financials

Balance sheet
 
Assets20202019201820172009
Cash$27,738,498$10,367,372$8,630,222$7,154,121$17,452,450
Receivables, inventories, prepaids$3,091,661$1,975,122$1,915,629$2,021,843$41,006
Short-term investments$10,803,465$12,954,733$18,894,714$20,546,259$0
Other current assets$0$0$0$0$0
Total current assets$41,633,624$25,297,227$29,440,565$29,722,223$17,493,456
Long-term investments$1,197,385$1,197,385$0$0$0
Fixed assets$1,873,118$3,554,598$5,195,562$4,052,359$60,175
Other long-term assets$553,192$764,572$902,025$542,723$225,714
Total long-term assets$3,623,695$5,516,555$6,097,587$4,595,082$285,889
Total assets$45,257,319$30,813,782$35,538,152$34,317,305$17,779,345
 
Liabilities20202019201820172009
Payables and accrued expenses$1,588,734$1,818,612$1,595,602$864,048$447,914
Other current liabilities$0$0$0$0$0
Total current liabilities$1,588,734$1,818,612$1,595,602$864,048$447,914
Debt$2,271,475$0$0$0$0
Due to (from) affiliates$79,057$197,586$450,699$524,690$0
Other long-term liabilities$453,704$483,951$514,198$544,445$0
Total long-term liabilities$2,804,236$681,537$964,897$1,069,135$0
Total liabilities$4,392,970$2,500,149$2,560,499$1,933,183$447,914
 
Net assets20202019201820172009
Without donor restrictions$15,187,803$9,185,914$12,893,948$12,596,264$5,999,171
With donor restrictions$25,676,546$19,127,719$20,083,705$19,787,858$11,332,260
Net assets$40,864,349$28,313,633$32,977,653$32,384,122$17,331,431
 
Revenues and expenses
 
Revenue20202019201820172009
Total contributions$56,291,920$43,930,565$49,352,546$41,659,602$16,715,216
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$603,716$474,158$848,666$758,278$502,460
Other revenue($83,195)$9,414$64,133($3,482)$76,279
Total other revenue$520,521$483,572$912,799$754,796$578,739
Total revenue$56,812,441$44,414,137$50,265,345$42,414,398$17,293,955
 
Expenses20202019201820172009
Program services$39,210,423$42,299,964$38,148,946$29,571,755$6,737,004
Management and general$3,396,574$3,491,922$3,879,116$4,637,044$1,495,906
Fundraising$5,516,203$7,258,727$7,643,752$5,074,955$2,362,703
Total expenses$48,123,200$53,050,613$49,671,814$39,283,754$10,595,613
 
Change in net assets20202019201820172009
Surplus (deficit)$8,689,241($8,636,476)$593,531$3,130,644$6,698,342
Other changes in net assets$3,861,475$3,972,456$0$0$0
Total change in net assets$12,550,716($4,664,020)$593,531$3,130,644$6,698,342

Compensation

Compensation data for this ministry has not been collected.


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 3/24/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

Seed Company is working with 951 languages around the world.


Needs