Paraclete Mission Group, Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/18/2021. To update the information in this column, please email: info@ministrywatch.com


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, Inc.
6547 N. Academy Blvd.
#2170
Colorado Springs, CO 80918

Website: www.paraclete.net

Phone: 719-302-2500

Email: info@paraclete.net


Organization details

EIN: 363559944

CEO/President: Glen Volkhardt

Chairman: Janet Seegren

Board size: 7

Founder:

Year founded: 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.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating561 of 94028 of 51
Fund acquisition rating701 of 94234 of 51
Resource allocation rating654 of 94238 of 51
Asset utilization rating204 of 9409 of 51

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%7%8%7%8%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%7%8%7%8%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%8%8%7%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%0%0%0%0%0%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%79%78%79%76%77%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%91%95%95%96%101%
Program output ratio Program output ratio =
Program services /
Total revenue
78%72%74%74%73%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%9%5%5%4%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%25%16%17%11%-3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%13%14%14%16%16%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.252.472.782.982.883.17
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.972.482.782.992.883.17
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
24.3355.1137.5556.4423.4734.39
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.030.020.030.020.040.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.684.754.203.943.983.68
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
4%2%3%2%4%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
73%40%35%33%33%31%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$996,483$750,337$627,277$535,254$471,414
Receivables, inventories, prepaids$0$2,025$506$2,081$360
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$996,483$752,362$627,783$537,335$471,774
Long-term investments$0$0$0$0$0
Fixed assets$4,275$1,170$2,106$0$0
Other long-term assets$0$0$30$0$0
Total long-term assets$4,275$1,170$2,136$0$0
Total assets$1,000,758$753,532$629,919$537,335$471,774
 
Liabilities20192018201720162015
Payables and accrued expenses$18,082$20,038$11,124$22,894$13,717
Other current liabilities$0$0$0$0$0
Total current liabilities$18,082$20,038$11,124$22,894$13,717
Debt$0$0$0$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$0$0$0
Total liabilities$18,082$20,038$11,124$22,894$13,717
 
Net assets20192018201720162015
Without donor restrictions$144,359$121,015$116,691$124,213$114,856
With donor restrictions$838,317$612,479$502,104$390,228$343,201
Net assets$982,676$733,494$618,795$514,441$458,057
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$2,706,624$2,199,765$1,977,124$1,602,711$1,479,817
Program service revenue$2,445$5,555$3,550$3,260$5,980
Membership dues$0$0$0$0$0
Investment income$7,899$3,896$395$250($3,858)
Other revenue$1,580$0$0$0$0
Total other revenue$11,924$9,451$3,945$3,510$2,122
Total revenue$2,718,548$2,209,216$1,981,069$1,606,221$1,481,939
 
Expenses20192018201720162015
Program services$1,953,878$1,636,540$1,473,150$1,175,524$1,143,589
Management and general$315,736$289,531$267,174$251,574$235,705
Fundraising$200,265$168,364$136,105$122,739$115,432
Total expenses$2,469,879$2,094,435$1,876,429$1,549,837$1,494,726
 
Change in net assets20192018201720162015
Surplus (deficit)$248,669$114,781$104,640$56,384($12,787)
Other changes in net assets$0$0$0$0$0
Total change in net assets$248,669$114,781$104,640$56,384($12,787)

Compensation

NameTitleCompensation
William Glen VolkhardtPresident/CEO$95,076

Compensation data as of: 12/31/2019


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 8/18/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

2020 Scope

116 countries served

347 churches and organizations served

2,639 people counseled, mentored, coached, or discipled

5,851 total people taught and trained


Needs