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

CategoryRatingOverall rankSector rank
Overall efficiency rating291 of 50027 of 51
Fund acquisition rating93 of 50014 of 51
Resource allocation rating432 of 50039 of 51
Asset utilization rating328 of 50035 of 51

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
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 ratiosMedian % for
all ministries in
MW database
20172016201520142013
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 ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.190.400.390.390.310.38
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.061.061.071.061.06
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.310.430.420.420.330.41
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1236.7144.84148.77543.56527.15
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.030.020.010.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4127.4028.2228.6336.4929.31
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
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
 
Assets20172016201520142013
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
 
Liabilities20172016201520142013
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 assets20172016201520142013
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
 
Revenue20172016201520142013
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
 
Expenses20172016201520142013
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 assets20172016201520142013
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.


Needs