CBMC, Inc.

Summary

Christian Business Men's Committee ("CBMC") strives to present Jesus Christ as Savior and Lord to business and professional men, and to develop Christian business and professional men to carry out the Great Commission. CBMC assists and participate in the formation of local Christian Business Men's Committees in order to meet the needs of Christians in the marketplace. International in scope, it has grown to over 1,000 communities worldwide dedicated to the critical process of evangelism and discipleship. This organization is a Delaware interdenominational nonprofit. Contributions to CBMC are fully deductible to the extent allowed by the law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
P.O. Box 8009
Chattanooga, TN 37414-0009

Website: www.cbmc.com

Phone: (423) 698-4444

Email: info@cbmc.com


Organization details

EIN: 362004402

CEO/President: Bill McAvinney

Chairman: Mr. Mark Bundy

Board size: 9

Founder:

Year founded: 1930

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1979


Purpose

Christian Business Men's Committee ("CBMC") strives to present Jesus Christ as Savior and Lord to business and professional men, and to develop Christian business and professional men to carry out the Great Commission. CBMC assists and participate in the formation of local Christian Business Men's Committees in order to meet the needs of Christians in the marketplace. International in scope, it has grown to over 1,000 communities worldwide dedicated to the critical process of evangelism and discipleship.

This organization is a Delaware interdenominational nonprofit. Contributions to CBMC are fully deductible to the extent allowed by the law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

CBMC uses the following to communicate its mission:

To present Jesus Christ as Savior and Lord to business and professional people;

To develop business and professional men to carry out the Great Commission.


Statement of faith



Section 1. We believe in the Scripture of the Old and New Testament as verbally inspired by God and inerrant in the original writings, and that they are of supreme and final authority in faith and life.

Section 2. We believe in one God, eternally existing in three persons: Father, Son and Holy Spirit.

Section 3. We believe that Jesus Christ was begotten by the Holy Spirit, and born of the Virgin Mary and is true God and true man.

Section 4. We believe that man was created in the image of God; that he sinned, and thereby incurred not only physical death, but also spiritual death which is separation from God; and that all human beings are born with a sinful nature, and are sinners in thought, word and deed.

Section 5. We believe that the Lord Jesus Christ died for our sins according to the Scriptures, as a representative and substitutionary sacrifice; and that all who believe in Him are justified on the grounds of His shed blood.

Section 6. We believe in the resurrection of the crucified body of our Lord, in His ascension into Heaven and in His present life there for us as High Priest and Advocate.

Section 7. We believe in "That blessed hope", the personal and imminent return of our Lord and Savior, Jesus Christ.

Section 8. We believe that all who receive by faith the Lord Jesus Christ are born again of the Holy Spirit and thereby become children of God. Further, we believe in the eternal security of the believer.

Section 9. We believe in the bodily resurrection of the just and unjust, the everlasting blessedness of the saved, and the everlasting conscious punishment of the lost.

Financial efficiency ratings

Sector: Fellowship Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating330 of 43021 of 24
Fund acquisition rating357 of 43023 of 24
Resource allocation rating338 of 43019 of 24
Asset utilization rating166 of 43013 of 24

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%14%13%13%13%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%10%10%11%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%81%80%80%83%86%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%11%11%10%10%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%19%20%20%17%14%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%75%76%77%76%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%102%94%99%108%92%
Program output ratio Program output ratio =
Program services /
Total revenue
81%77%72%76%82%69%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-2%6%1%-8%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-4%11%1%-13%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%14%13%13%13%12%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.321.711.591.691.751.76
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.031.031.031.031.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.761.641.751.801.86
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1012.5415.3612.8415.9918.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.080.070.080.060.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.066.286.846.326.246.10
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%8%6%8%6%5%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%54%59%55%54%54%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,991,021$1,229,068$1,829,163$1,970,057$2,477,323
Receivables, inventories, prepaids$237,139$873,198$300,072$173,919$159,394
Short-term investments$3,327,366$3,577,430$2,984,849$2,690,132$2,736,496
Other current assets$0$0$0$0$0
Total current assets$5,555,526$5,679,696$5,114,084$4,834,108$5,373,213
Long-term investments$0$0$0$0$0
Fixed assets$32,050$49,783$63,999$35,851$49,164
Other long-term assets$112,409$112,467$111,743$114,107$249,531
Total long-term assets$144,459$162,250$175,742$149,958$298,695
Total assets$5,699,985$5,841,946$5,289,826$4,984,066$5,671,908
 
Liabilities20182017201620152014
Payables and accrued expenses$442,949$369,853$398,376$302,340$285,631
Other current liabilities$0$0$0$0$0
Total current liabilities$442,949$369,853$398,376$302,340$285,631
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,649$3,649$3,649$4,354$4,354
Total long-term liabilities$3,649$3,649$3,649$4,354$4,354
Total liabilities$446,598$373,502$402,025$306,694$289,985
 
Net assets20182017201620152014
Unrestricted$1,150,452$1,827,853$1,546,575$1,521,552($441,820)
Temporarily restricted$4,102,935$3,640,591$3,341,226$3,155,820$5,823,743
Permanently restricted$0$0$0$0$0
Net assets$5,253,387$5,468,444$4,887,801$4,677,372$5,381,923
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$7,778,182$7,880,304$7,247,766$6,687,791$9,334,165
Program service revenue$18,128$30,067$83,314$89,375$113,250
Membership dues$0$0$0$0$0
Investment income($246,960)$201,117$83,409($47,068)$13,587
Other revenue$2,008,268$1,779,533$1,612,910$1,368,885$1,369,555
Total other revenue$1,779,436$2,010,717$1,779,633$1,411,192$1,496,392
Total revenue$9,557,618$9,891,021$9,027,399$8,098,983$10,830,557
 
Expenses20182017201620152014
Program services$7,355,611$7,098,919$6,851,485$6,647,598$7,499,250
Management and general$1,358,092$1,211,393$1,178,892$1,172,716$1,200,023
Fundraising$1,058,267$999,361$924,070$900,148$1,301,100
Total expenses$9,771,970$9,309,673$8,954,447$8,720,462$10,000,373
 
Change in net assets20182017201620152014
Surplus (deficit)($214,352)$581,348$72,952($621,479)$830,184
Other changes in net assets($705)($705)$0$0$0
Total change in net assets($215,057)$580,643$72,952($621,479)$830,184

Response from ministry

No response has been provided by this ministry.


History

CBMC began as Christian Business Men's Committee in the United States in 1930,when a small group of Christian businessmen coordinated a series of pre-Easter prayer rallies. With the Great Depression in its second year, these men saw an urgent need for spiritual revival and took it upon themselves to plan a six-week evangelistic series of meetings at the Garrick Theater, in the Chicago loop area. Public response to the first gathering on January 6, 1931, was overwhelming, as more than 800 packed into the 800-seat facility for all six sessions.

Apparently, God had greater plans for this ministry than its seven founders could have ever imagined. As the meetings were drawing to a close, the downtown business community wanted to continue the gatherings as more and more men were experiencing life change through their newfound relationship with Christ.

Another indication that God was blessing this ministry from its inception was that similar groups were soon popping all over the nation: San Francisco, Seattle, New York, and many other large and small cities began staging their own version of these prayer vigils. In 1937, just six years after that first meeting at the Chicago Theater, all of the splinter groups around the nation were linked together under the acronym: CBMC. Five men, Charles E. Gremmels, Arnold Grunigen, CB Hedstrom, Dr. NA Jepson and RG LeTourneau, comprised the steering committee that directed the early years of the CBMC ministry. They planned and executed the first CBMC international conference in 1938, with a charge to bring men from committees around the globe into closer fellowship and mutual commitment to Christ.

The ministry moved its offices from Chicago to Chattanooga, Tennessee, in the 1970's, when Ted DeMoss, a successful insurance executive took the reigns of CBMC. As the years passed, our work spread not only across the United States but also into Canada, Australia, New Zealand, England, Scotland, Indiana, across South Africa and Latin America. Businessmen of all cultures, regardless of where they lived and worked had, and still have an insatiable need for a personal relationship with Jesus Christ and our ministry continues to move at warp speed to fill that void.

The decade of the 70's also saw the first release of Operation Timothy. We knew there was a felt need for a discipleship tool to help men ignite their walk with Christ. It was that realization that led to the creation of this disciple-making resource that remains one of the finest ever created. It was designed to be used for one-on-one applications where a mentor (whom we call a Paul, sits down with someone wishing to know more (a Timothy) and together they embark upon a transformational journey of exploring Christ's word. Over the years, Operation Timothy (OT) has undergone a number of facelifts and updates (1995, 2008, 2011, and the digital release in 2014) but the desire to help men along the path to spiritual maturity remains the same. We are still about helping a man to become the man that God designed him to be.

In the 1990's CBMC officially changed its name to Christian Business Men's Connection, but no matter what the name, there have been so many faces and names that have made this ministry thrive. RG LeTourneau, Joe Coggeshall, Ted DeMoss and Ted Hubbard. There was Roger Erickson, Tim Philpot, and Charlie "Tremendous" Jones. All of these ministry giants embraced two core beliefs: share the gospel with those who don't know the Good News and then go and make disciples. Be intentional about carrying out The Great Commission. (Matthew 28:19-20)

Today, there are strongholds of CBMC men in 48 of the 50 states and in 98 nations around the globe. No matter where you go, businessmen agree, impacting the world for Jesus Christ is paramount. In the past few years, Operation Timothy has gone digital; likewise Living Proof, a reality-based video series created to help you share the gospel in a natural, caring, and Bible-centered lifestyle. Both of these amazing resources are offered absolutely free of charge at: advance.cbmc.com.

We underwent a significant reorganization in 1973, with autonomous CBMC organizations being established in individual countries to better deal with linguistic and cultural differences. Although these CBMC bodies have independent governing powers, an International Board of Directors oversees the work around the world, seeking to pool effective strategies and to show how they can be adapted in differing national environments to successfully present the Gospel to non-Christians.

In 2015, our Marketplace Ambassador Initiative debuted and the interest level has exceeded our expectations. Paul reminds us in 2 Corinthians 5:20 that we are all ambassadors for Christ; but the question is, how effective are we? To learn more about what it means to be an effective Marketplace Ambassador go to: marketplaceambassador.com

CBMC is highly focused on embracing the next generation of Christ-centered men and we understand to accomplish that, we must be relevant. We must care about their dreams and their desires. We must embrace them authentically and lay out a path for them to run on. Most of all, we must excite and engage their imaginations; because if we don't something else will.

Since 1930, God has continued to find favor with CBMC. He has blessed our ministry and all those who have stood up, raised their hand and said: "I will, Lord... I will teach and lead my fellow-man." Sincerity of purpose and a resolute belief in what we are doing, makes a profound difference and are the two pillars that have kept CBMC strong. From the Garrick Theater in Chicago to the boardrooms of the global marketplace, we have the power to either watch it happen or help CBMC make it happen.


Program accomplishments

CBMC has been in such diverse nations as Estonia and Ecuador, Brazil and Bulgaria, Togo and Thailand, Madagascar and Mexico.

CBMC estimates that more than 100,000 men and women participate in CBMC-sponsored meetings and events worldwide on a weekly or monthly basis, through more than 2,000 local committees and ministry teams.


Needs

CBMC encourages people to contact them and get involved in a local committee in your state. Contact CBMC for more information or visit their web site at www.cbmc.com