Partners Worldwide

Summary

Partners Worldwide aspires to end poverty so that all may have life and have it abundantly.


Contact information

Mailing address:
Partners Worldwide
6139 Tahoe Dr. SE
Grand Rapids, MI 49546

Website: partnersworldwide.org

Phone: 616-818-4900

Email: info@partnersworldwide.org


Organization details

EIN: 383293173

CEO/President: Doug Seebeck

Chairman: Sandy Johnson

Board size: 15

Founder: Doug Seebeck

Year founded: 1997

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2003


Purpose

Connecting business and professional people in global partnerships focused on business growth and job creation which transform the lives of all involved.


Mission statement

To mobilize a global Christian network that uses business as a way to create flourishing economic environments through partnerships with community institutions that build up permanent local capacity and catalyze entrepreneurs and job creators.


Statement of faith

Partners Worldwide affirms the historic Christian faith as professed in the Apostle's Creed and Nicene Creed. The specific foundation of our ministry is based in the book of Genesis and these truths:

- Every human being is an image-bearer of God.

- We see ordinary daily work as a gift from God, a primary way that humanity images God and a joyful expression of the stewardship of creation. (Genesis 1:26).

In the light of this biblical perspective, every member of Partners Worldwide is engaged in lifelong Christian ministry in his or her ordinary, daily work. Further, we are disciples of Christ in the marketplace, answering Christ's mandate to serve the poor. (Matthew 25:35-40) Businesspeople have unique skills and therefore a special calling to create ethical businesses and provide opportunities for all to image God in satisfying, daily work. We partner with local community institutions to catalyze entrepreneurs and job creators especially in areas of high unemployment and poverty. As ambassadors of the reconciliation of all things, we are called to remove barriers and overcome debilitating conditions. (2 Corinthians 5:17-20) (Colossians 1:19-20)

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating621 of 72521 of 26
Fund acquisition rating444 of 72615 of 26
Resource allocation rating440 of 72615 of 26
Asset utilization rating689 of 72525 of 26

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%12%10%11%11%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%11%9%11%10%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
88%93%93%95%95%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
8%11%9%11%10%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
12%7%7%5%5%7%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%78%81%81%83%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%101%97%102%103%91%
Program output ratio Program output ratio =
Program services /
Total revenue
80%79%79%82%85%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%-1%3%-2%-3%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%0%1%-1%-1%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%9%8%7%6%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.240.350.360.370.340.34
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.897.305.445.353.092.77
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.142.581.982.001.070.94
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.589.5813.5414.4921.0724.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.100.070.070.050.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.654.175.615.5910.7312.19
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%9%9%8%9%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%7%8%7%7%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
76%258%250%245%265%274%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$1,729,512$2,304,175$1,193,527$1,424,528$1,157,384
Receivables, inventories, prepaids$284,389$365,349$1,450,816$2,477,174$3,843,181
Short-term investments$10,919$9,669$9,255$602,032$6,391
Other current assets$0$0$0$0$0
Total current assets$2,024,820$2,679,193$2,653,598$4,503,734$5,006,956
Long-term investments$11,638,409$10,713,813$10,459,333$8,365,822$7,848,363
Fixed assets$864,755$849,706$827,775$801,839$827,544
Other long-term assets$245,748$320,490$251,536$245,572$165,057
Total long-term assets$12,748,912$11,884,009$11,538,644$9,413,233$8,840,964
Total assets$14,773,732$14,563,202$14,192,242$13,916,967$13,847,920
 
Liabilities20192018201720162015
Payables and accrued expenses$211,424$197,924$183,129$213,762$192,536
Other current liabilities$0$0$0$0$8,638
Total current liabilities$211,424$197,924$183,129$213,762$201,174
Debt$1,100,000$1,100,000$1,000,000$1,000,000$700,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$1,100,000$1,100,000$1,000,000$1,000,000$700,000
Total liabilities$1,311,424$1,297,924$1,183,129$1,213,762$901,174
 
Net assets20192018201720162015
Unrestricted$9,952,067$9,027,122$7,933,996$6,853,775$6,239,243
Temporarily restricted$0$4,238,156$5,075,117$5,849,430$6,707,503
Permanently restricted$3,510,241$0$0$0$0
Net assets$13,462,308$13,265,278$13,009,113$12,703,205$12,946,746
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$4,813,659$5,082,861$4,919,241$4,466,800$4,863,620
Program service revenue$130,878$110,146$39,077$41,263$162,822
Membership dues$0$0$0$0$0
Investment income$219,491$279,917$244,442$169,883$193,962
Other revenue$524$605$800$1,713$1,246
Total other revenue$350,893$390,668$284,319$212,859$358,030
Total revenue$5,164,552$5,473,529$5,203,560$4,679,659$5,221,650
 
Expenses20192018201720162015
Program services$4,086,306$4,317,347$4,288,077$3,960,485$3,992,800
Management and general$552,237$483,793$447,591$350,599$275,435
Fundraising$578,145$502,383$564,056$485,693$463,060
Total expenses$5,216,688$5,303,523$5,299,724$4,796,777$4,731,295
 
Change in net assets20192018201720162015
Surplus (deficit)($52,136)$170,006($96,164)($117,118)$490,355
Other changes in net assets$0$0$0$0$0
Total change in net assets($52,136)$170,006($96,164)($117,118)$490,355

Response from ministry

No response has been provided by this ministry.


History

Rewind to 1997. In a small corner of East Africa, a group of Kenyan and North American businesspeople came together to ask: "Is there a way for businesspeople to become part of the solution to ending poverty?" With a resounding "YES!" Partners for Christian Development was born. First under the umbrella of World Renew in Kenya, Partners for Christian Development established itself as a global, faith-motivated ministry. In 2005, in response to greater interdenominational involvement, Partners Worldwide was established as an independent ministry.

Over 20 years later, Partners Worldwide now operates in five global regions spanning over 30 countries. Across the world, we partner with passionate people like you to end poverty through business!


Program accomplishments


Needs