Christian Renewal Ministries, Inc. 
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 Hong Kong, Taiwan, Singapore and Malaysia. One of CRM's latest important publications is the Chinese version of NIV Study Bible. This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Contact information
Mailing address:
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: Rev. Ting Lee
Chairman: Mr. Paul L. Chang
Board size: 5
Founder:
Year founded: 1971
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
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 Hong Kong, Taiwan, Singapore and Malaysia. One of CRM's latest important publications is the Chinese version of NIV Study Bible.
This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).
Mission statement
Statement of faith
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 | | 291 of 500 | 27 of 51 |
| Fund acquisition rating | | 93 of 500 | 14 of 51 |
| Resource allocation rating | | 432 of 500 | 39 of 51 |
| Asset utilization rating | | 328 of 500 | 35 of 51 |
Financial ratios
| Funding ratios | Median % for all ministries in MW database | 2017 | 2016 | 2015 | 2014 | 2013 |
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 | 6% | 1% | 2% | 2% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 95% | 74% | 85% | 79% | 84% | 79% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 2% | 2% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 5% | 26% | 15% | 21% | 16% | 21% |
| Operating ratios | Median % for all ministries in MW database | 2017 | 2016 | 2015 | 2014 | 2013 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 70% | 77% | 82% | 69% | 69% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 89% | 94% | 94% | 90% | 98% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 63% | 72% | 77% | 62% | 67% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 11% | 6% | 6% | 10% | 2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 5% | 3% | 2% | 4% | 1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 28% | 21% | 17% | 29% | 30% |
| Investing ratios | Median measure for all ministries in MW database | 2017 | 2016 | 2015 | 2014 | 2013 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.19 | 0.40 | 0.39 | 0.39 | 0.31 | 0.38 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.53 | 1.06 | 1.06 | 1.07 | 1.06 | 1.06 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.31 | 0.43 | 0.42 | 0.42 | 0.33 | 0.41 |
| Liquidity ratios | Median measure for all ministries in MW database | 2017 | 2016 | 2015 | 2014 | 2013 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.12 | 36.71 | 44.84 | 148.77 | 543.56 | 527.15 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.10 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.41 | 27.40 | 28.22 | 28.63 | 36.49 | 29.31 |
| Solvency ratios | Median % for all ministries in MW database | 2017 | 2016 | 2015 | 2014 | 2013 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 3% | 2% | 1% | 14% | 16% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 3% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 70% | 243% | 250% | 255% | 278% | 220% |
Financials
| Balance sheet | |||||
| Assets | 2017 | 2016 | 2015 | 2014 | 2013 |
| Cash | $409,109 | $333,378 | $278,090 | $222,857 | $151,886 |
| Receivables, inventories, prepaids | $525,659 | $528,521 | $547,484 | $919,923 | $954,283 |
| Short-term investments | $749,010 | $607,677 | $608,232 | $656,953 | $592,297 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,683,778 | $1,469,576 | $1,433,806 | $1,799,733 | $1,698,466 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $85,554 | $90,065 | $94,577 | $99,088 | $104,732 |
| Other long-term assets | $19,456 | $2,850 | $3,695 | $6,632 | $3,663 |
| Total long-term assets | $105,010 | $92,915 | $98,272 | $105,720 | $108,395 |
| Total assets | $1,788,788 | $1,562,491 | $1,532,078 | $1,905,453 | $1,806,861 |
| Liabilities | 2017 | 2016 | 2015 | 2014 | 2013 |
| Payables and accrued expenses | $45,873 | $32,774 | $9,638 | $3,311 | $3,222 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $45,873 | $32,774 | $9,638 | $3,311 | $3,222 |
| Debt | $0 | $0 | $0 | $0 | $57,000 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $261,173 | $223,280 |
| Total long-term liabilities | $0 | $0 | $0 | $261,173 | $280,280 |
| Total liabilities | $45,873 | $32,774 | $9,638 | $264,484 | $283,502 |
| Net assets | 2017 | 2016 | 2015 | 2014 | 2013 |
| Unrestricted | $1,742,915 | $1,529,717 | $1,522,440 | $1,588,132 | $1,523,359 |
| Temporarily restricted | $0 | $0 | $0 | $52,837 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $1,742,915 | $1,529,717 | $1,522,440 | $1,640,969 | $1,523,359 |
| Revenues and expenses | |||||
| Revenue | 2017 | 2016 | 2015 | 2014 | 2013 |
| Total contributions | $598,969 | $554,190 | $499,408 | $547,936 | $565,572 |
| Program service revenue | $130,989 | $20,757 | $24,164 | $31,182 | $32,556 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $24,271 | $22,782 | $31,823 | $25,658 | $22,628 |
| Other revenue | $50,210 | $53,821 | $77,702 | $50,698 | $90,931 |
| Total other revenue | $205,470 | $97,360 | $133,689 | $107,538 | $146,115 |
| Total revenue | $804,439 | $651,550 | $633,097 | $655,474 | $711,687 |
| Expenses | 2017 | 2016 | 2015 | 2014 | 2013 |
| Program services | $503,441 | $469,620 | $487,739 | $407,098 | $476,108 |
| Management and general | $202,505 | $129,982 | $99,239 | $172,169 | $206,390 |
| Fundraising | $11,264 | $11,371 | $10,045 | $11,434 | $11,492 |
| Total expenses | $717,210 | $610,973 | $597,023 | $590,701 | $693,990 |
| Change in net assets | 2017 | 2016 | 2015 | 2014 | 2013 |
| Surplus (deficit) | $87,229 | $40,577 | $36,074 | $64,773 | $17,697 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $87,229 | $40,577 | $36,074 | $64,773 | $17,697 |
Response from ministry
No response has been provided by this ministry.
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.