ServeNow 
The information on this page was last updated 3/29/2023. If you see errors or omissions, please email: [email protected]
Summary
Sharing Christ's passion for the world by serving the most vulnerable through national churches and leaders.
Contact information
Mailing address:
ServeNow
1817 Austin Bluffs Pkwy #110
Colorado Springs, CO 80918
Website: weservenow.org
Phone: (719) 900-1800
Email: [email protected]
Organization details
EIN: 461522377
CEO/President: Ben Foley
Chairman: Tony Lombardi
Board size: 10
Founder: Lars Dunberg and Maria Sturt
Ruling year: 2013
Tax deductible: Yes
Fiscal year end: 03/31
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
In December of 2012, ServeNow was launched to serve people in need by caring for orphans, widows, underprivileged children and youth as well as equipping the Church for greater fulfillment of its ministry and providing humanitarian assistance where needed.
Mission statement
Sharing Christ's passion for the world by serving the most vulnerable through national churches and leaders.
Statement of faith
We believe the Bible to be the inspired, the only infallible, authoritative Word of God.
We believe that there is one God, eternally existing in three persons: Father, Son and Holy Spirit.
We believe in the deity of 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, in His present rule as Head of the Church and in His personal return in power and glory.
We believe that for salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential. We believe in the present ministry of the person of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life, and to overcome the attacks of the Evil One, Satan.
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, with equality across race, gender, and class differences.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 241 of 1106 | 30 of 122 |
| Fund acquisition rating | | 843 of 1107 | 82 of 122 |
| Resource allocation rating | | 167 of 1107 | 39 of 122 |
| Asset utilization rating | | 108 of 1106 | 12 of 122 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 9% | 10% | 16% | 9% | 10% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 9% | 10% | 15% | 8% | 10% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 100% | 97% | 95% | 99% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 9% | 11% | 15% | 13% | 11% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 0% | 3% | 5% | 1% | 0% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 86% | 85% | 78% | 79% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 102% | 92% | 102% | 67% | 91% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 88% | 78% | 79% | 53% | 72% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -2% | 8% | -2% | 33% | 9% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -8% | 21% | -3% | 84% | 78% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 5% | 4% | 8% | 8% | 9% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.84 | 3.11 | 2.35 | 1.64 | 1.51 | 4.02 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 1.09 | 1.00 | 1.02 | 1.02 | 1.26 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 3.40 | 2.35 | 1.68 | 1.54 | 5.06 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.67 | 16.96 | 56.37 | 26.80 | 19.61 | 6.20 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.06 | 0.02 | 0.04 | 0.05 | 0.16 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.08 | 3.32 | 5.03 | 6.89 | 7.37 | 1.99 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 14% | 2% | 11% | 10% | 49% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 7% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 101% | 28% | 42% | 54% | 59% | 13% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,117,321 | $1,221,445 | $1,032,108 | $983,973 | $147,399 |
| Receivables, inventories, prepaids | $87,836 | $29,137 | $32,829 | $108,849 | $107,788 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,205,157 | $1,250,582 | $1,064,937 | $1,092,822 | $255,187 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $22,360 | $22,101 | $17,664 |
| Other long-term assets | $113,417 | $0 | $0 | $0 | $48,663 |
| Total long-term assets | $113,417 | $0 | $22,360 | $22,101 | $66,327 |
| Total assets | $1,318,574 | $1,250,582 | $1,087,297 | $1,114,923 | $321,514 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $71,049 | $22,184 | $39,739 | $55,740 | $41,184 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $71,049 | $22,184 | $39,739 | $55,740 | $41,184 |
| Debt | $0 | $0 | $79,114 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $114,662 | $0 | $0 | $60,000 | $117,604 |
| Total long-term liabilities | $114,662 | $0 | $79,114 | $60,000 | $117,604 |
| Total liabilities | $185,711 | $22,184 | $118,853 | $115,740 | $158,788 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $1,057,042 | $976,264 | $949,985 | $971,268 | $105,201 |
| With donor restrictions | $75,821 | $252,134 | $18,459 | $27,915 | $57,525 |
| Net assets | $1,132,863 | $1,228,398 | $968,444 | $999,183 | $162,726 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $4,001,777 | $3,109,879 | $1,670,363 | $2,505,935 | $1,418,407 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $3,321 | $1,374 | $3,254 | $786 | $110 |
| Other revenue | $2,309 | $81,794 | $81,558 | $18,092 | $889 |
| Total other revenue | $5,630 | $83,168 | $84,812 | $18,878 | $999 |
| Total revenue | $4,007,407 | $3,193,047 | $1,755,175 | $2,524,813 | $1,419,406 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $3,517,418 | $2,484,796 | $1,386,767 | $1,336,864 | $1,028,837 |
| Management and general | $225,401 | $124,207 | $138,475 | $137,378 | $119,227 |
| Fundraising | $360,123 | $324,090 | $260,672 | $214,114 | $143,867 |
| Total expenses | $4,102,942 | $2,933,093 | $1,785,914 | $1,688,356 | $1,291,931 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($95,535) | $259,954 | ($30,739) | $836,457 | $127,475 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($95,535) | $259,954 | ($30,739) | $836,457 | $127,475 |
Compensation
| Name | Title | Compensation |
| Benjamin S Foley | International President | $118,712 |
Compensation data as of: 3/31/2023
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 3/29/2023. To update the information below, please email: [email protected]
History
ServeNow was started in December 2012 by Lars Dunberg and his daughter Maria Sturt. Their mission was to serve those most in need around the world. ServeNow's first project was the rebuilding of a toilet facility in Uganda where children were attending school. Since then the ministry has grown significantly, serving over 3 million people in our first five years throughout Africa, Europe, Asia, Latin America, and the Muslim World. We are equipping the local church and coming alongside them to reach their communities for Christ ... and we are just getting started!
Program accomplishments
Below are people served since ServeNow was founded in December of 2012.
1,700,000+ Basic Series booklets in use
10,000+ women and children in education, skill-training, or micro-enterprise programs
600,000+ people served in a tangible way