Derek Prince Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Derek was committed to reaching those who have no other way to hear God's Word. Today Derek Prince Ministries continues this work by faithfully broadcasting the message of the gospel all over the world.


Contact information

Mailing address:
Derek Prince Ministries
PO Box 19501
Charlotte, NC 28219

Website: derekprince.org

Phone: 1 (800) 448-3261

Email: contactus@derekprince.org


Organization details

EIN: 650231845

CEO/President: Dick Leggatt

Chairman: Percy Burns & David Lauster

Board size: 9

Founder: Derek Prince

Year founded: 1993

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1994


Purpose

Our vision is to reach the peoples of the world, in a language they understand, with the Bible teaching of Derek Prince, using every type of media and all forms of distribution, regardless of the economic means of the recipients.


Mission statement

Derek Prince Ministries exists to develop disciples of Jesus Christ, through the Bible teaching of Derek Prince.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating650 of 91332 of 47
Fund acquisition rating286 of 91517 of 47
Resource allocation rating745 of 91540 of 47
Asset utilization rating644 of 91332 of 47

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%4%5%5%4%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%4%5%4%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
96%96%97%98%99%97%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%5%5%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
4%4%3%2%1%3%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%74%70%73%71%65%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%81%91%93%79%78%
Program output ratio Program output ratio =
Program services /
Total revenue
78%60%64%67%56%51%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%19%9%7%21%22%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%14%7%6%22%26%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%21%25%23%24%28%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.160.590.720.760.790.89
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.511.181.211.231.271.40
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.140.700.880.941.001.25
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.4133.5618.6831.0628.7521.93
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.150.030.050.030.030.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.3116.6512.9412.3911.579.17
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
16%3%4%3%3%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
65%165%132%128%124%108%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,771,200$3,175,118$2,822,319$2,540,496$1,761,033
Receivables, inventories, prepaids$260,163$250,932$251,118$254,870$243,755
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,031,363$3,426,050$3,073,437$2,795,366$2,004,788
Long-term investments$0$0$0$0$0
Fixed assets$710,759$721,803$699,742$752,113$783,968
Other long-term assets$18,000$13,533$12,058$8,619$12,608
Total long-term assets$728,759$735,336$711,800$760,732$796,576
Total assets$4,760,122$4,161,386$3,785,237$3,556,098$2,801,364
 
Liabilities20202019201820172016
Payables and accrued expenses$120,129$183,394$98,942$97,237$91,403
Other current liabilities$0$0$0$0$0
Total current liabilities$120,129$183,394$98,942$97,237$91,403
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$120,129$183,394$98,942$97,237$91,403
 
Net assets20202019201820172016
Without donor restrictions$4,074,986$3,041,233$2,852,391$2,643,311$2,134,100
With donor restrictions$565,007$936,759$833,904$815,550$575,861
Net assets$4,639,993$3,977,992$3,686,295$3,458,861$2,709,961
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,356,037$3,208,084$3,043,769$3,516,346$3,113,292
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$60,772$4,452$1,968($29,233)$2,335
Other revenue$63,476$86,426$63,490$60,906$99,185
Total other revenue$124,248$90,878$65,458$31,673$101,520
Total revenue$3,480,285$3,298,962$3,109,227$3,548,019$3,214,812
 
Expenses20202019201820172016
Program services$2,093,283$2,096,532$2,090,224$1,987,632$1,640,278
Management and general$591,441$749,098$653,067$662,934$712,209
Fundraising$133,560$161,635$138,502$148,553$151,975
Total expenses$2,818,284$3,007,265$2,881,793$2,799,119$2,504,462
 
Change in net assets20202019201820172016
Surplus (deficit)$662,001$291,697$227,434$748,900$710,350
Other changes in net assets$0$0$0$0$0
Total change in net assets$662,001$291,697$227,434$748,900$710,350

Compensation

NameTitleCompensation
Dick LeggattPresident-U.s. Office$138,447
Mark DevitoTreasurer$87,813
Christine AlongiSecretary,Treasurer$82,489

Compensation data as of: 9/30/2020


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 12/14/2020. To update the information below, please email: info@ministrywatch.com


History

In May of 1971, Derek Prince officially began Derek Prince Publications in the garden house of his property in Fort Lauderdale, Florida. At Derek's invitation, a year later in 1972, his son-in-law David Selby, the husband of his daughter, Anna (one of Derek and Lydia's nine adopted daughters) moved to Fort Lauderdale from Canada and began to help carry out the work. In the next few years, the ministry expanded, necessitating a number of moves of its location in the Fort Lauderdale area. In 1990, Derek Prince Publications officially became Derek Prince Ministries and in 1993, received its official 501(c)(3) charitable organization status. In 1994, the entire DPM-USA operation was moved to Charlotte, North Carolina. In 2006, after 35 years of service, David Selby transitioned to International Director and Dick Leggatt was welcomed as the new President of DPM-USA. There are approximately twenty-one full and part-time employees at Derek Prince Ministries - USA. The USA office is governed by a board of directors which meets three times a year. The board consists of Percy Burns, Jim Croft, Gerry Edwards, Haley Eichelberger, Sally Fesperman, Larry Gregory, Dick Leggatt, David Selby, and Lisa Watkins. Internationally, the work of Derek Prince Ministries is overseen by a coalition of national directors who help to provide general direction and supervision to the work of DPM worldwide. These directors serve on the IC: Neil Cornick, International Operations Director and head of DPM-United Kingdom; Alex Genovese, DPM-Australia; Dick Leggatt, DPM-USA; Ross Paterson, DPM-China; and Warren Smith, DPM-South Pacific. Once a year, a significant number of the directors of the various offices and outreaches around the world meet together at the annual Fellowship of National Offices. During that gathering, the directors share reports and testimonies, spend a significant time in prayer together concerning the goals and directions of DPM worldwide, and encourage one another and pray for one another and their families. Amazingly, even many years after Derek Prince's passing, the impact of his teaching legacy continues to grow and expand across the world.


Program accomplishments

Over 90 books, 700 audio messages and 160 video message have been produced in over 100 languages for teaching and training purposes. Recipients include indigenous pastors, evangelists, mission organizations and Bible Schools. The radio program "Keys to Successful Living", covers most of the globe in 12 languages. These various outreaches, administered by the staff of 11 worldwide offices and many filed workers, is supported by the prayers and financial gifts of many friends.


Needs