The Foundry Ministries

Summary

Since our inception, The Foundry Ministries has been God's work in progress. As the tragedies of substance abuse, broken families, poor choices and economic hardships bring an ever-increasing number of men, women and families to our doors, we continue to create more opportunities to share His hope and mercy with the homeless and broken.


Contact information

Mailing address:
The Foundry Ministries
PO Box 824
Bessemer, AL 35021

Website: foundryministries.com

Phone: 205-424-4673

Email: info@foundryministries.com


Organization details

EIN: 630624278

CEO/President: Micah Andrews

Chairman: Tom Mayfield

Board size: 16

Founder: Sam Reynolds

Year founded: 1972

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

The Foundry helps hundreds of families each year through Christ-centered recovery. Permanently transformed lives through Christ-centered ministries is the vision behind our story and our process.


Mission statement

To restore hope and rebuild the lives of the addict, the ex-inmate and the homeless through Christ-centered Recovery, Reentry and Rescue.


Statement of faith

Transparency grade

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating54 of 6609 of 91
Fund acquisition rating305 of 66242 of 91
Resource allocation rating59 of 6628 of 91
Asset utilization rating20 of 6604 of 91

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%10%9%8%12%14%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%7%6%6%13%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%74%69%69%107%66%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%7%5%6%9%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%26%31%31%-7%34%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%89%91%90%85%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%107%112%96%143%106%
Program output ratio Program output ratio =
Program services /
Total revenue
78%96%102%87%121%91%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-7%-12%4%-43%-6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%-24%-30%7%-56%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%4%4%4%5%5%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.571.491.561.231.240.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
4.2111.098.239.385.718.42
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.4916.5112.8311.527.084.01
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.980.871.512.162.332.86
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.101.150.660.460.430.35
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.21-0.110.310.560.971.95
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%57%42%32%34%25%
Debt ratio Debt ratio =
Debt /
Total assets
1%18%27%24%23%20%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%29%37%56%53%158%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$208,391$385,151$349,184$707,060$674,240
Receivables, inventories, prepaids$298,345$232,895$249,390$250,331$216,226
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$506,736$618,046$598,574$957,391$890,466
Long-term investments$0$0$0$0$0
Fixed assets$5,075,223$4,412,767$4,993,175$4,483,799$6,572,189
Other long-term assets$39,855$54,717$23,708$27,231$30,755
Total long-term assets$5,115,078$4,467,484$5,016,883$4,511,030$6,602,944
Total assets$5,621,814$5,085,530$5,615,457$5,468,421$7,493,410
 
Liabilities20182017201620152014
Payables and accrued expenses$459,807$261,897$245,860$347,106$217,653
Other current liabilities$124,961$148,150$31,557$63,756$93,785
Total current liabilities$584,768$410,047$277,417$410,862$311,438
Debt$1,007,477$1,393,049$1,326,673$1,284,996$1,467,088
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,634,860$318,125$166,892$179,887$95,121
Total long-term liabilities$2,642,337$1,711,174$1,493,565$1,464,883$1,562,209
Total liabilities$3,227,105$2,121,221$1,770,982$1,875,745$1,873,647
 
Net assets20182017201620152014
Unrestricted$2,394,709$2,964,309$3,120,365$2,792,082$3,019,763
Temporarily restricted$0$0$724,110$800,594$2,600,000
Permanently restricted$0$0$0$0$0
Net assets$2,394,709$2,964,309$3,844,475$3,592,676$5,619,763
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$5,752,722$4,886,740$4,927,821$5,107,325$2,227,936
Program service revenue$1,652,194$1,744,955$1,473,200$1,474,247$757,663
Membership dues$0$0$0$0$0
Investment income$67($2,607)($82,550)($2,001,173)($85,150)
Other revenue$393,704$421,875$830,960$171,972$459,040
Total other revenue$2,045,965$2,164,223$2,221,610($354,954)$1,131,553
Total revenue$7,798,687$7,050,963$7,149,431$4,752,371$3,359,489
 
Expenses20182017201620152014
Program services$7,484,022$7,208,968$6,216,795$5,774,056$3,069,730
Management and general$331,467$295,294$281,776$371,176$189,082
Fundraising$552,798$426,867$399,061$634,224$309,089
Total expenses$8,368,287$7,931,129$6,897,632$6,779,456$3,567,901
 
Change in net assets20182017201620152014
Surplus (deficit)($569,600)($880,166)$251,799($2,027,085)($208,412)
Other changes in net assets$0$0$0$0$0
Total change in net assets($569,600)($880,166)$251,799($2,027,085)($208,412)

Response from ministry

No response has been provided by this ministry.


History

1971 - Bessemer Rescue Mission is founded by Sam Reynolds. Rev. Bob Bell, a recovered alcoholic, is appointed the first executive director.

1978 - With the help of Board Chairman Rev. Gerald Price and his friends, Bessemer Rescue Mission constructs a 5,000-square-foot building.

1992 - Bessemer Rescue Mission opens a shelter for women.

1996 - Rev. Bill Heintz becomes executive director of the Bessemer Rescue Mission with a vision to provide a place for men and women addicted to drugs and alcohol to permanently transform their lives through the power of Jesus Christ.

1997 - First Alliance Church in Bessemer is purchased and renovated to provide additional beds for men in the long-term Recovery Program, marking the beginning of the City of Hope.

1998 - Auto Center opens.

2004 - City of Hope changes its name to The Foundry Rescue Mission and Recovery Center. The original mission building is renovated to include a commercial kitchen, dining room, and food pantry. The Foundry Thrift Store relocates and becomes Alabama's largest thrift store.

2005 - The Foundry merges with Re-Entry Ministries. The First Baptist Church of Bessemer is purchased to become the Foundry Women's Center.

2006 - The Foundry Medical Center opens.

2007 - The Foundry opens a new Worship Center, which includes a 600-seat auditorium for weekly worship services.

2008 - The Women's Dormitory opens, offering shelter for 52 women in the Recovery Program. The Foundry Farm opens near Cullman, AL as an extension of the Men's Recovery Program. The Education Center opens.

2010 - The former women's facility is renovated to provide transitional housing for up to 12 women who have completed the Recovery Program. The Foundry Dental Center opens.

2011 - The Foundry celebrates 40 years of reshaping lives. A new Foundry Thrift Store opens in Cullman.

2012 - The Foundry Thrift Store in Bessemer relocates to a larger space in Fairfield.

2014 - The name is updated to The Foundry Ministries. A collaboration forms with Changes Lives Christian Center (CLCC) in Birmingham.

2016 - The Foundry Farm expands to double capacity in Cullman. Micah Andrews becomes CEO.

2017 - The Foundry Thrift Store in Pelham is opened.


Program accomplishments


Needs