Our Daily Bread Ministries (previously RBC Ministries)

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

CategoryRatingOverall rankSector rank
Overall efficiency rating21 of 7333 of 51
Fund acquisition rating90 of 7348 of 52
Resource allocation rating166 of 73411 of 52
Asset utilization rating7 of 7331 of 51

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%2%2%2%2%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
7%1%1%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%95%96%96%96%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%2%2%2%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%5%4%4%4%4%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%87%90%90%90%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
102%97%96%100%109%98%
Program output ratio Program output ratio =
Program services /
Total revenue
82%85%86%90%98%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
-2%3%4%0%-9%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
-3%14%24%3%-65%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%11%9%8%8%15%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.983.593.703.994.703.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.497.637.466.724.583.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.1327.3827.5926.7721.5210.65
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
5.810.720.660.590.871.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.151.391.521.701.140.55
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.03-0.17-0.23-0.31-0.080.50
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%31%39%49%43%27%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
62%19%17%13%12%22%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$358,096$306,162$320,140$236,398$1,250,150
Receivables, inventories, prepaids$1,344,912$1,376,342$1,378,073$1,940,168$2,750,445
Short-term investments$41,242$42,057$45,310$45,556$46,393
Other current assets$0$0$0$0$0
Total current assets$1,744,250$1,724,561$1,743,523$2,222,122$4,046,988
Long-term investments$0$0$0$0$0
Fixed assets$9,606,057$9,103,988$8,375,944$6,580,117$6,814,486
Other long-term assets$1,955,685$2,039,887$1,590,855$1,371,559$2,218,772
Total long-term assets$11,561,742$11,143,875$9,966,799$7,951,676$9,033,258
Total assets$13,305,992$12,868,436$11,710,322$10,173,798$13,080,246
 
Liabilities20192018201720162015
Payables and accrued expenses$2,420,082$2,618,588$2,958,993$2,539,620$2,239,491
Other current liabilities$0$0$0$0$0
Total current liabilities$2,420,082$2,618,588$2,958,993$2,539,620$2,239,491
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,732,546$2,390,493$2,794,720$1,834,387$1,265,539
Total long-term liabilities$1,732,546$2,390,493$2,794,720$1,834,387$1,265,539
Total liabilities$4,152,628$5,009,081$5,753,713$4,374,007$3,505,030
 
Net assets20192018201720162015
Unrestricted$9,153,364$7,859,355$5,956,609$5,799,791$9,575,216
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$9,153,364$7,859,355$5,956,609$5,799,791$9,575,216
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$46,720,605$47,697,651$45,039,436$42,214,226$41,977,207
Program service revenue$0$0$0$0$34,530
Membership dues$0$0$0$0$0
Investment income$9,312$9,318$13,645$63,134$22,021
Other revenue$2,311,833$1,778,415$1,780,378$1,759,538$1,779,779
Total other revenue$2,321,145$1,787,733$1,794,023$1,822,672$1,836,330
Total revenue$49,041,750$49,485,384$46,833,459$44,036,898$43,813,537
 
Expenses20192018201720162015
Program services$41,591,200$42,720,236$42,009,905$43,205,378$35,635,594
Management and general$5,427,485$4,130,920$3,919,547$3,840,134$6,653,072
Fundraising$730,758$732,665$747,189$764,892$818,541
Total expenses$47,749,443$47,583,821$46,676,641$47,810,404$43,107,207
 
Change in net assets20192018201720162015
Surplus (deficit)$1,292,307$1,901,563$156,818($3,773,506)$706,330
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,292,307$1,901,563$156,818($3,773,506)$706,330

Compensation

NameTitleCompensation
Richard de HaanPresident$238,108
Gary WickerTreasurer/CFO$196,767
Luis Garcia SeoaneEmployee$181,418
Jay KellerEmployee$171,476
Vicki HarrisEmployee$159,401
Brian SharpEMPLOYEE$159,181
Ken PetersonEmployee$155,400
Evan MorganEmployee$154,100
Daniel FerwerdaAssist. Trea$123,357
Max E SmithAssist. Trea.$93,184

Compensation data as of: 3/31/2019


Response from ministry

No response has been provided by this ministry.


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.