David C. Cook

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 9/8/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

David C Cook is a nonprofit organization dedicated to publishing and distributing leadership, discipleship, and worship resources to help Christians all over the world grow in their faith and pass it on to the next generation.

You can find David C Cook books and curriculum published in more than 150 languages and distributed in more than 170 countries.

Through our music division, Integrity Music, one third of the top 500 praise and worship songs are written by Integrity artists and sung in churches throughout the world.

We invest in global outreach through the David Caleb Cook Foundation - and then add your financial gifts - to develop ministry partnerships and programs where Christ-centered resources are desperately needed and children are especially vulnerable.


Contact information

Mailing address:
David C Cook
4050 Lee Vance Drive
Colorado Springs, CO 80918

Website: davidccook.org

Phone: (719) 536-0100

Email: customercare@davidccook.com


Organization details

EIN: 366008100

CEO/President: Scott Miller

Chairman: Dr. David Metcalf

Board size: 13

Founder: David C. Cook

Year founded: 2020

Tax deductible: Yes

Fiscal year end: 05/31

Member of ECFA: Yes

Member of ECFA since: 1998


Purpose

Equipping the church with impactful resources for making and teaching disciples.


Mission statement

Our Mission: To equip the Church with Christ-centered resources for making and teaching disciples who obediently transform today's generations.


Statement of faith

God: We believe there is one God, the Creator of all things, infinitely holy and eternally existent in three persons: Father, Son, and Holy Spirit.

Jesus Christ: We believe in the deity of Jesus Christ, and He is co-equal with God the Father. We believe in His virgin birth, sinless life, words, works, death, resurrection, ascension, and the promise of His return. As our Savior and our Lord, Jesus Christ is "the way, the truth, and the life." He came into the world to provide salvation through faith in Him as Savior and Lord and to restore men and women to fellowship with God.

The Holy Spirit: We believe the Holy Spirit is co-equal with God the Father. The Holy Spirit indwells and empowers the believer to lead a godly life.

The Bible: We believe the Bible, both Old and New Testaments, is the divinely inspired, infallible, and only authoritative Word of God-supreme and final in its authority in matters of faith and practice.

Redemption: We believe people become children of God upon true repentance-turning away from sin and to Christ as Savior, receiving God's forgiveness for sin through Christ's atoning death by crucifixion.

The Church: We believe the Church is Christ's body, composed of all people who accept Christ in faith and commit their lives to His Lordship. The Church, spiritually conceived, is a living organism which expresses itself through dedicated followers of Jesus Christ, under the guidance of the Holy Spirit.

The Local Church: We believe the local church is where people gather to worship God in spirit and truth, share the good news of Jesus Christ, relate with others, and prepare disciples to fulfill their God-given purposes.

The Christian Life: We believe the Christian life is set apart by trust in Christ, the pursuit of righteousness, and fellowship with Him. We are called to submit daily to Christ, to study His Word, and to repent when we fall short. The two great commandments summarize the Christian life: to love God with all our hearts, souls, strength, and minds; and to love our neighbors as ourselves.

Eternal Life: We believe when one accepts Jesus Christ as Lord and Savior, eternal life begins. Those who reject Christ as Savior and Lord are separated from Christ in eternal punishment.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Christian Growth

CategoryRatingOverall rankSector rank
Overall efficiency rating533 of 94037 of 69
Fund acquisition rating623 of 94243 of 69
Resource allocation rating92 of 94211 of 69
Asset utilization rating802 of 94055 of 69

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%54%94%101%106%46%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%2%3%3%3%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
86%4%2%3%3%6%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%2%2%2%3%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
14%96%98%97%97%94%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%86%87%87%86%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%115%121%117%107%116%
Program output ratio Program output ratio =
Program services /
Total revenue
75%99%105%103%91%98%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%-15%-21%-17%-7%-16%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%-8%-9%-7%-3%-6%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%12%11%10%11%13%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.050.360.390.360.310.26
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.311.722.072.152.252.09
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.610.620.810.780.700.55
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.293.904.314.814.545.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.260.230.210.220.17
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.9214.3111.4112.1713.3218.16
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%37%29%28%30%40%
Debt ratio Debt ratio =
Debt /
Total assets
0%13%13%13%16%28%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
79%174%183%199%224%229%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$20,704,915$2,195,003$1,123,306$4,814,327$4,001,955
Receivables, inventories, prepaids$18,187,073$13,068,761$15,320,630$15,108,068$19,549,953
Short-term investments$16,472,259$28,222,839$29,204,465$27,405,557$36,103,395
Other current assets$0$0$0$0$0
Total current assets$55,364,247$43,486,603$45,648,401$47,327,952$59,655,303
Long-term investments$16,834,755$19,253,133$19,106,076$19,039,401$19,274,161
Fixed assets$9,937,347$10,163,718$11,514,505$11,140,786$11,296,708
Other long-term assets$13,201,267$17,269,636$21,861,099$28,886,941$34,269,625
Total long-term assets$39,973,369$46,686,487$52,481,680$59,067,128$64,840,494
Total assets$95,337,616$90,173,090$98,130,081$106,395,080$124,495,797
 
Liabilities20202019201820172016
Payables and accrued expenses$14,039,902$9,880,787$9,335,672$10,053,305$10,387,554
Other current liabilities$139,287$199,438$162,126$379,833$50,000
Total current liabilities$14,179,189$10,080,225$9,497,798$10,433,138$10,437,554
Debt$12,839,284$12,039,284$13,139,284$17,539,284$34,985,713
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$8,332,267$3,695,371$4,667,676$3,801,643$4,599,550
Total long-term liabilities$21,171,551$15,734,655$17,806,960$21,340,927$39,585,263
Total liabilities$35,350,740$25,814,880$27,304,758$31,774,065$50,022,817
 
Net assets20202019201820172016
Without donor restrictions$55,763,925$60,398,934$66,740,356$70,168,839$70,259,027
With donor restrictions$4,222,951$3,959,276$4,084,967$4,452,176$4,213,953
Net assets$59,986,876$64,358,210$70,825,323$74,621,015$74,472,980
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$1,295,192$666,120$796,798$921,905$1,741,685
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$409,878$80,538$2,306,900$2,929,454$1,251,219
Other revenue$28,272,724$28,307,405$27,270,004$27,314,059$25,107,423
Total other revenue$28,682,602$28,387,943$29,576,904$30,243,513$26,358,642
Total revenue$29,977,794$29,054,063$30,373,702$31,165,418$28,100,327
 
Expenses20202019201820172016
Program services$29,658,472$30,629,789$31,134,906$28,485,004$27,492,228
Management and general$4,181,945$3,889,095$3,704,663$3,774,436$4,221,229
Fundraising$701,253$626,361$805,086$980,142$805,732
Total expenses$34,541,670$35,145,245$35,644,655$33,239,582$32,519,189
 
Change in net assets20202019201820172016
Surplus (deficit)($4,563,876)($6,091,182)($5,270,953)($2,074,164)($4,418,862)
Other changes in net assets$0$0$0$0$0
Total change in net assets($4,563,876)($6,091,182)($5,270,953)($2,074,164)($4,418,862)

Compensation

NameTitleCompensation
Mr Cris DoornbosCEO$520,571
Mr Scott MillerChief Operating Officer$375,776
Mr Gary HopwoodChief Global Officer$286,916
Mr Jonathan BrownPresident, Integrity Music$282,148
Ms Karen DavisGeneral Counsel$258,236
Mr Greg BaysVP, Commercial Partnerships & Marketing$200,724
Mr David BervigVP, Human Resources$189,019
Mr Mike ByronVP, Finance$182,063
Ms Wendi LordVP, Publishing$173,633
Mr Chadd MillerEVP, Learning Resources$165,737
Mr Pete MarraEVP, New Business and Innovation$120,419
Mr Joseph KochTreasurer$5,500
Mr David MetcalfTrustee (partial Year)$5,000
Mr Dennis JohnsonTrustee$5,000
Mr Greg LucidTrustee (partial Year)$5,000
Mr John N Richardson JrSecretary$5,000
Mr R Todd RankinChair$5,000
Mr Robert L HeadTrustee$5,000
Mr Ronald N CernyTrustee$5,000
Ms Lori BethranTrustee$5,000
Ms Tiffany A DunnTrustee$5,000
Ms Beth GuckenbergerVice Chair$3,024
Mr David RogersTrustee$2,500
Mr John RoteTrustee$2,500

Compensation data as of: 5/31/2020


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 9/8/2021. To update the information below, please email: info@ministrywatch.com


History

We were established in 1875 by David Caleb Cook in Chicago, IL. David C Cook is a leading nonprofit discipleship resource provider based in Colorado Springs, Colorado. For more than 140 years, David C Cook has served the Global Church with life transforming materials from best-selling books and curriculum, to toys and games and small group resources. With additional offices in Elgin, Illinois and Eastbourne, UK, David C Cook is a global organization whose resources are published in more than 150 languages, distributed in more than 170 countries, and sold worldwide through retail stores, catalogs, and online. Through David C Cook's music division, Integrity Music, over 30% of the top 500 praise and worship songs are written by Integrity artists and sung in churches around the world.


Program accomplishments


Needs