Our Daily Bread Ministries (previously RBC Ministries) 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/15/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Throughout RBC's life, they have been teaching the Word of God so as to lead people of all nations to personal faith and maturity in Christ. RBC's audiences are as diverse as RBC's methods. They include pastors, counselors, lay persons, TV and radio stations, prisons, schools, businesses -- any organization with resources that can touch families, friends, churches, and client networks. The idea is that every person they reach has the potential to shine -- to spread the gospel just as Jesus commanded.
Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Contact information
Mailing address:
PO Box 2222
Grand Rapids, MI 49501-9501
Website: www.RBC.org
Phone: (616) 942-6770
Email: rbc@rbc.org
Organization details
EIN: 381613981
CEO/President: Richard DeHaan
Chairman: Marty Doorn
Board size: 9
Founder: Dr. M. R. De Haan
Year founded: 1938
Tax deductible: Yes
Fiscal year end: 03/31
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
Throughout RBC's life, they have been teaching the Word of God so as to lead people of all nations to personal faith and maturity in Christ. RBC's audiences are as diverse as RBC's methods. They include pastors, counselors, lay persons, TV and radio stations, prisons, schools, businesses -- any organization with resources that can touch families, friends, churches, and client networks. The idea is that every person they reach has the potential to shine -- to spread the gospel just as Jesus commanded.
This organization is a nonprofit organization. Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Mission statement
RBC uses the following to express its mission:
RBC Ministries ("RBC") formally known as Radio Bible Class, changed its name in 1994. RBC strives to lead people of all nations to personal faith in Christ, to growth in Christlikeness, and to active involvement in a local Church, by teaching the Word of God through audio, video, print, computer, and correspondence media.
This organization is a nonprofit organization. Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Statement of faith
RBC uses the following to express its statement of faith:
One God in three persons - Father, Son and Holy Spirit.
The verbal inspiration of the whole Bible as God's infallible revelation to man.
Jesus Christ's deity, virgin birth, sinless humanity, substitutionary death, atoning blood, bodily resurrection, and ascension to heaven.
Salvation by faith in Christ alone, without works, and solely by grace.
The need of works to express gratitude and give a living demonstration of God's transforming power.
The resurrection of the body: eternal glory for believers in heaven and everlasting punishment for unbelievers in hell.
The one true church, the body of Christ, consisting of all believers, regardless of race or social standing.
Obedience to our Lord's command to lead people of all nations to faith in Christ and to growth in Christlikeness.
The need for spiritual growth through Bible study, prayer, witnessing, and involvement in a Bible-believing church.
The imminent rapture of the church, and Christ's personal return to establish His kingdom on earth.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 31 of 913 | 4 of 50 |
| Fund acquisition rating | | 105 of 915 | 8 of 50 |
| Resource allocation rating | | 194 of 915 | 11 of 50 |
| Asset utilization rating | | 8 of 913 | 1 of 50 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 1% | 2% | 2% | 2% | 2% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 1% | 1% | 1% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 96% | 95% | 96% | 96% | 96% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 1% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 4% | 5% | 4% | 4% | 4% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 88% | 87% | 90% | 90% | 90% |
Spending ratio Spending ratio = Total expenses / Total revenue | 100% | 100% | 97% | 96% | 100% | 109% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 87% | 85% | 86% | 90% | 98% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 0% | 0% | 3% | 4% | 0% | -9% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 0% | 3% | 14% | 24% | 3% | -65% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 11% | 11% | 9% | 8% | 8% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.95 | 3.85 | 3.59 | 3.70 | 3.99 | 4.70 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.47 | 7.15 | 7.63 | 7.46 | 6.72 | 4.58 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.76 | 27.56 | 27.38 | 27.59 | 26.77 | 21.52 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.64 | 0.76 | 0.72 | 0.66 | 0.59 | 0.87 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.15 | 1.32 | 1.39 | 1.52 | 1.70 | 1.14 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.38 | -0.14 | -0.17 | -0.23 | -0.31 | -0.08 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 15% | 29% | 31% | 39% | 49% | 43% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 77% | 18% | 19% | 17% | 13% | 12% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $668,053 | $358,096 | $306,162 | $320,140 | $236,398 |
| Receivables, inventories, prepaids | $1,150,498 | $1,344,912 | $1,376,342 | $1,378,073 | $1,940,168 |
| Short-term investments | $32,389 | $41,242 | $42,057 | $45,310 | $45,556 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,850,940 | $1,744,250 | $1,724,561 | $1,743,523 | $2,222,122 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $10,260,628 | $9,606,057 | $9,103,988 | $8,375,944 | $6,580,117 |
| Other long-term assets | $1,128,794 | $1,955,685 | $2,039,887 | $1,590,855 | $1,371,559 |
| Total long-term assets | $11,389,422 | $11,561,742 | $11,143,875 | $9,966,799 | $7,951,676 |
| Total assets | $13,240,362 | $13,305,992 | $12,868,436 | $11,710,322 | $10,173,798 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $2,447,297 | $2,420,082 | $2,618,588 | $2,958,993 | $2,539,620 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2,447,297 | $2,420,082 | $2,618,588 | $2,958,993 | $2,539,620 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,401,921 | $1,732,546 | $2,390,493 | $2,794,720 | $1,834,387 |
| Total long-term liabilities | $1,401,921 | $1,732,546 | $2,390,493 | $2,794,720 | $1,834,387 |
| Total liabilities | $3,849,218 | $4,152,628 | $5,009,081 | $5,753,713 | $4,374,007 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $9,391,144 | $9,153,364 | $7,859,355 | $5,956,609 | $5,799,791 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $9,391,144 | $9,153,364 | $7,859,355 | $5,956,609 | $5,799,791 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $49,066,012 | $46,720,605 | $47,697,651 | $45,039,436 | $42,214,226 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $23,301 | $9,312 | $9,318 | $13,645 | $63,134 |
| Other revenue | $2,166,414 | $2,311,833 | $1,778,415 | $1,780,378 | $1,759,538 |
| Total other revenue | $2,189,715 | $2,321,145 | $1,787,733 | $1,794,023 | $1,822,672 |
| Total revenue | $51,255,727 | $49,041,750 | $49,485,384 | $46,833,459 | $44,036,898 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $44,659,214 | $41,591,200 | $42,720,236 | $42,009,905 | $43,205,378 |
| Management and general | $5,643,311 | $5,427,485 | $4,130,920 | $3,919,547 | $3,840,134 |
| Fundraising | $712,582 | $730,758 | $732,665 | $747,189 | $764,892 |
| Total expenses | $51,015,107 | $47,749,443 | $47,583,821 | $46,676,641 | $47,810,404 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $240,620 | $1,292,307 | $1,901,563 | $156,818 | ($3,773,506) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $240,620 | $1,292,307 | $1,901,563 | $156,818 | ($3,773,506) |
Compensation
| Name | Title | Compensation |
| Richard de Haan | President | $243,912 |
| Gary Wicker | Treasurer/CFO | $207,062 |
| Luis Garcia Seoane | Employee | $185,962 |
| Matt Brubaker | Employee | $181,669 |
| Jay Keller | Employee | $176,402 |
| Brian Sharp | EMPLOYEE | $166,673 |
| Vicki Harris | Employee | $165,975 |
| Ken Peterson | Employee | $159,377 |
| Evan Morgan | Employee | $156,603 |
| Daniel Ferwerda | Assist. Trea | $125,683 |
| Max E Smith | Assist. Trea. | $93,204 |
Compensation data as of: 3/31/2020
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 3/15/2021. To update the information below, please email: info@ministrywatch.com
History
RBC FOUNDER M. R. De Haan was a physician who later in life became a pastor -- well known for his gravelly voice and impassioned Bible teaching. His commitment to ministry was: to lead people of all nations to personal faith and maturity in Christ.
So in 1938, from a small radio station in eastern Michigan, Detroit Bible Class was born. Suddenly the spiritual doctor was making house calls -- to hundreds of thousands of Scripture-hungry listeners.
Even though he was an unlikely radio personality -- with a rough, authoritative voice -- the program worked to great effect. And Dr. De Haan's heavily underlined reflections on the Scripture quickly became a source of biblical wisdom for many. In response to his teaching, listeners asked for transcripts of the broadcast for use as study materials. These resources, soon in great demand, were the precursor of today's widely distributed Discovery Series booklets.
From this spiritual foundation, the Grand Rapids, Michigan-based ministry continues to build upon the foundation of Dr. De Haan's vision and work. With commitment to the biblical principles set forth on the pages of this brochure, RBC Ministries today offers teaching resources to millions worldwide. While Dr. De Haan began this ministry in his basement as a family operation, today the Lord has brought together a staff of over 300 Christian workers in our US headquarters.
The ministry has international offices in 20 countries plus partners throughout the world who distribute RBC resources. Our signature publication, the daily devotional called Our Daily Bread, is translated into nearly 30 languages.
RBC Ministries changed its name from Radio Bible Class in 1994 to reflect the growth of services and resources we offer to friends worldwide.
Program accomplishments
RBC's accomplishments and programs include some of the following:
(1) Our Daily Bread: A devotional published monthly for individuals and families who desire a close relationship with God.
(2) Campus Journal: A devotional booklet published monthly for high school and college age students to encourage dependence on God for their spiritual and emotional well-being.
(3) Daily Bible Teaching: Bible teaching presented in a practical and understandable way through television- "Day of Discovery", Radio- "Radio Bible Class", and literature- "Discovery Series".
(4) RBC Daily: A daily radio program which encourages individuals to apply the Word of God to issues in life through a systematic study of various books of the Bible.
Needs
Support comes from the gifts of those who are helped by the ministry and who desire to have a part in upholding RBC's purpose.
Interesting Footnote:
From the moment Dr. De Haan founded RBC Ministries, he believed he could trust God to set the pace of growth. Though he occasionally made financial needs known in newsletters, he vowed not to let "needs" get in the way of "message" nor to use proceeds to develop an elaborate superstructure.