Paraclete Mission Group, Inc. 
The information on this page was last updated 3/22/2023. If you see errors or omissions, please email: [email protected]
Summary
Paraclete Mission Group comes alongside mission agencies, churches and church planting movements involved in expanding the Kingdom of God around the world. Paraclete associates are experienced missionaries and professionals who use their histories, skills and gifts to partner with individuals and organizations to help them be effective in life and ministry.
Contact information
Mailing address:
Paraclete Mission Group
6547 N. Academy Blvd
#2170
Colorado Springs, CO 80918
Website: www.paraclete.net
Phone: 719-302-2500
Email: [email protected]
Organization details
EIN: 363559944
CEO/President: Glen Volkhardt
Chairman: Janet Seegren
Board size: 5
Founder:
Ruling year: 1989
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1998
Purpose
Paraclete's vision is to see a flourishing global Church served by faithful, effective leaders.
Our Methodology:
We serve as catalysts, without personal or institutional agendas.
We stay only as long as needed and welcome.
We view all our work as spiritual activity with eternal significance.
We promote effective and Godly stewardship of resources as a model for business and ministry.
We practice accountability of planning and evaluating our work, and teach others to do the same.
Mission statement
Our mission: To come alongside Christian leaders around the world.
Statement of faith
We believe the Bible to be the only infallible, authoritative Word of God.
We believe that there is one God, eternally existent in three Persons: Father, Son and Holy Spirit.
We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and His personal return in power and glory.
We believe that for the salvation of lost and sinful man regeneration by the Holy Spirit is absolutely essential.
We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.
We believe in the resurrection of both the saved and the lost, they that are saved unto the resurrection of life, and they that are lost unto the resurrection of damnation.
We believe in the spiritual unity of believers in our Lord Jesus Christ.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism Support
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 620 of 1104 | 18 of 35 |
| Fund acquisition rating | | 784 of 1105 | 27 of 35 |
| Resource allocation rating | | 722 of 1105 | 17 of 35 |
| Asset utilization rating | | 260 of 1104 | 9 of 35 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 8% | 6% | 7% | 7% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 8% | 6% | 7% | 7% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 99% | 100% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 8% | 7% | 9% | 8% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 1% | 0% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 84% | 84% | 80% | 79% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 103% | 88% | 77% | 91% | 95% |
Program output ratio Program output ratio = Program services / Total revenue | 83% | 87% | 74% | 62% | 72% | 74% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -3% | 12% | 23% | 9% | 5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -6% | 24% | 47% | 25% | 16% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 8% | 9% | 11% | 13% | 14% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.17 | 1.94 | 1.69 | 1.37 | 2.47 | 2.78 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.33 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.69 | 1.94 | 1.69 | 1.38 | 2.48 | 2.78 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 39.03 | 40.34 | 186.02 | 283.79 | 55.11 | 37.55 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.03 | 0.02 | 0.01 | 0.00 | 0.02 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.59 | 6.03 | 7.06 | 8.69 | 4.75 | 4.20 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 6% | 2% | 1% | 15% | 2% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 14% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 79% | 50% | 59% | 62% | 40% | 35% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $582,893 | $670,021 | $2,159,650 | $996,483 | $750,337 |
| Receivables, inventories, prepaids | $3,425 | $27,113 | $0 | $0 | $2,025 |
| Short-term investments | $1,659,413 | $1,761,725 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,245,731 | $2,458,859 | $2,159,650 | $996,483 | $752,362 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $0 | $1,425 | $2,850 | $4,275 | $1,170 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $0 | $1,425 | $2,850 | $4,275 | $1,170 |
| Total assets | $2,245,731 | $2,460,284 | $2,162,500 | $1,000,758 | $753,532 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $55,665 | $13,218 | $7,610 | $18,082 | $20,038 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $55,665 | $13,218 | $7,610 | $18,082 | $20,038 |
| Debt | $0 | $0 | $306,712 | $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 | $306,712 | $0 | $0 |
| Total liabilities | $55,665 | $13,218 | $314,322 | $18,082 | $20,038 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $206,660 | $353,970 | $234,754 | $144,359 | $121,015 |
| With donor restrictions | $1,983,406 | $2,093,096 | $1,613,424 | $838,317 | $612,479 |
| Net assets | $2,190,066 | $2,447,066 | $1,848,178 | $982,676 | $733,494 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $4,191,521 | $4,731,684 | $3,824,681 | $2,706,624 | $2,199,765 |
| Program service revenue | $6,623 | $1,000 | $2,790 | $2,445 | $5,555 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $21,470 | $7,803 | $11,036 | $7,899 | $3,896 |
| Other revenue | $9,903 | $0 | $0 | $1,580 | $0 |
| Total other revenue | $37,996 | $8,803 | $13,826 | $11,924 | $9,451 |
| Total revenue | $4,229,517 | $4,740,487 | $3,838,507 | $2,718,548 | $2,209,216 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $3,659,906 | $3,489,759 | $2,390,896 | $1,953,878 | $1,636,540 |
| Management and general | $348,282 | $366,602 | $324,434 | $315,736 | $289,531 |
| Fundraising | $348,720 | $299,705 | $258,024 | $200,265 | $168,364 |
| Total expenses | $4,356,908 | $4,156,066 | $2,973,354 | $2,469,879 | $2,094,435 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($127,391) | $584,421 | $865,153 | $248,669 | $114,781 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($127,391) | $584,421 | $865,153 | $248,669 | $114,781 |
Compensation
| Name | Title | Compensation |
| William Glen Volkhardt | President/CEO | $124,200 |
Compensation data as of: 12/31/2022
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 3/22/2023. To update the information below, please email: [email protected]
History
Program accomplishments
2021 Scope
101 countries served
483 churches and organizations served
3,673 people counseled, mentored, coached, or discipled
12,061 total people taught and trained