Christian Renewal Ministries, Inc. 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/23/2021. To update the information in this column, please email: info@ministrywatch.com
Summary
Christian Renewal Ministries, Inc. ("CRM") is an evangelical, inter-denominational parachurch organization dedicated to preaching, discipleship training, and mass-media ministries, especially literature to the Chinese. Founded in 1971, the ministry has its headquarters in New Jersey, with branch offices in Taiwan and Singapore. One of CRM's latest important publications is the Chinese version of NIV Study Bible.
Contact information
Mailing address:
Christian Renewal Ministries, Inc.
200 North Main St.
Milltown, NJ 08850-1418
Website: www.crmnj.org
Phone: (732) 828-4545
Email: info@crmnj.org
Organization details
EIN: 591724840
CEO/President: Ting W Lee
Chairman: Mr. Paul L. Chang
Board size: 5
Founder: Pastor Li Dingwu
Ruling year: 1979
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Our vision is that through various channels and media, our ministry can help Chinese believers grow in the Lord, renew their spiritual lives, and help the church renew.
Mission statement
By preaching and analyzing God's words, God's children can understand the meaning of life and God's intentions for themselves, so that their lives will be renewed and life reformed.
Statement of faith
1. We believe that the entire Bible is a complete and unerring revelation of God and the highest authority in our faith and life.
2. We believe in the one true God of the Trinity of the Father, the Son, and the Holy Spirit. The Father, Son, and Holy Spirit have the same honor and glory.
3. Man is created by God. Everyone who fell into a sinner in Adam needs God's salvation. Repentant sinners rely on God's grace to be reborn, and are justified by faith in Jesus Christ, and receive the promised eternal life.
4. Jesus Christ is a perfect God and a perfect man, born of the virgin Mary conceived by the Holy Spirit. He died on the cross, shed blood for atonement, rose from the dead on the third day, ascended to heaven, in God the Father Intercession for all the saints on the right.
5. The Holy Spirit is the third person of the Triune God. The work of the Holy Spirit is to convict and regenerate people, lead us into various truths, and empower people to live a holy life and bear witness to the Lord.
6. The repentant believer who turns to God has a new life separated from sin. He wants to bear the fruit of the Holy Spirit, live out the glory of Christ, and preach the Lord's gospel.
7. Jesus will personally return according to His promise to judge the living and the dead.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 683 of 999 | 34 of 52 |
| Fund acquisition rating | | 204 of 1001 | 13 of 52 |
| Resource allocation rating | | 869 of 1001 | 45 of 52 |
| Asset utilization rating | | 727 of 999 | 34 of 52 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 2% | 2% | 2% | 2% | 2% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 1% | 2% | 1% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 65% | 86% | 74% | 85% | 79% |
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% | 35% | 14% | 26% | 15% | 21% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 68% | 75% | 70% | 77% | 82% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 80% | 94% | 89% | 94% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 55% | 71% | 63% | 72% | 77% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 20% | 6% | 11% | 6% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 10% | 2% | 5% | 3% | 2% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 31% | 23% | 28% | 21% | 17% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.90 | 0.40 | 0.34 | 0.40 | 0.39 | 0.39 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.42 | 1.04 | 1.06 | 1.06 | 1.06 | 1.07 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.76 | 0.41 | 0.36 | 0.43 | 0.42 | 0.42 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.77 | 28.74 | 26.12 | 36.71 | 44.84 | 148.77 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 0.03 | 0.04 | 0.03 | 0.02 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.61 | 28.09 | 31.71 | 27.40 | 28.22 | 28.63 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 15% | 3% | 4% | 3% | 2% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 86% | 244% | 281% | 243% | 250% | 255% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $556,742 | $467,729 | $409,109 | $333,378 | $278,090 |
| Receivables, inventories, prepaids | $493,641 | $508,956 | $525,659 | $528,521 | $547,484 |
| Short-term investments | $864,595 | $635,145 | $749,010 | $607,677 | $608,232 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,914,978 | $1,611,830 | $1,683,778 | $1,469,576 | $1,433,806 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $76,932 | $81,243 | $85,554 | $90,065 | $94,577 |
| Other long-term assets | $0 | $17,200 | $19,456 | $2,850 | $3,695 |
| Total long-term assets | $76,932 | $98,443 | $105,010 | $92,915 | $98,272 |
| Total assets | $1,991,910 | $1,710,273 | $1,788,788 | $1,562,491 | $1,532,078 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $66,630 | $61,720 | $45,873 | $32,774 | $9,638 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $66,630 | $61,720 | $45,873 | $32,774 | $9,638 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $66,630 | $61,720 | $45,873 | $32,774 | $9,638 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $1,925,280 | $1,648,553 | $1,742,915 | $1,529,717 | $1,522,440 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $1,925,280 | $1,648,553 | $1,742,915 | $1,529,717 | $1,522,440 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $641,214 | $538,325 | $598,969 | $554,190 | $499,408 |
| Program service revenue | $268,143 | $19,275 | $130,989 | $20,757 | $24,164 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $13,337 | $10,836 | $24,271 | $22,782 | $31,823 |
| Other revenue | $60,553 | $54,710 | $50,210 | $53,821 | $77,702 |
| Total other revenue | $342,033 | $84,821 | $205,470 | $97,360 | $133,689 |
| Total revenue | $983,247 | $623,146 | $804,439 | $651,550 | $633,097 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $536,893 | $440,269 | $503,441 | $469,620 | $487,739 |
| Management and general | $241,837 | $135,365 | $202,505 | $129,982 | $99,239 |
| Fundraising | $10,830 | $10,909 | $11,264 | $11,371 | $10,045 |
| Total expenses | $789,560 | $586,543 | $717,210 | $610,973 | $597,023 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $193,687 | $36,603 | $87,229 | $40,577 | $36,074 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $193,687 | $36,603 | $87,229 | $40,577 | $36,074 |
Compensation
| Name | Title | Compensation |
| Ting W Lee | Executive Director | $58,000 |
Compensation data as of: 12/31/2019
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 8/23/2021. To update the information below, please email: info@ministrywatch.com
History
CRM started out in 1971 as the Christian Chinese Translation Center with main emphasis in translating Christian literature into Chinese. Over the years, services were expanded into other areas. To reflect this broadening scope of ministry, the present name was adopted in January 1986.
In December 1987, an independent CRM Board was established in Taiwan to promote CRM ministries on that populous island. And in January 1988, a CRM branch office opened in Hong Kong. During 1992 a CRM branch was opened in Singapore, in 1996 a branch opened in Malaysia.
Program accomplishments
CRM's accomplishments and programs include some of the following:
Literature Ministries:
CRM continues to publish Chinese translation of Christian books on a variety of topics including: Christian growth, apologetics, evangelism, theology, and Hermeneutics. In addition, CRM publishes Adult Sunday School Materials, Bible Study Guides, Gospel Pamphlets, Study Bibles, etc.. A major work, the New Testament portion of the New International Version (NIV) Study Bible began its first printing in 1991. The complete NIV Study Bible had its first publishing in November of 1996. Since 1978, the Renewal Journal, a monthly publication, has been sent to Chinese Christians around the world upon request. The purpose of the Journal is to encourage and motivate readers to follow and serve the Lord as well as providing information about CRM ministries. Its monthly circulation in North America exceeds 9,000.
Pulpit Ministry:
Ministry to churches, Bible study groups, retreats, fellowship groups, etc.
Discipleship Training (DT) and seminars:
Using "Equipping the Saints", material published by CRM, DT uses the principle of spiritual multiplication in training disciples to bear fruit for God and thus accomplish the Great Commission of Christ. Seminars on various topics are also conducted to assist church leaders in their personal growth as well as equipping others for Christian service.