D. James Kennedy Ministries / Coral Ridge Ministries Media, Inc.

Summary

D. James Kennedy Ministries seeks to communicate the Gospel of Jesus Christ, the supremacy of His Lordship, and a biblically informed view of the world, using all available media, so that Jesus Christ would be known throughout all of the Earth and that everywhere He might be trusted, loved, and served.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. D. James Kennedy Ministries is a member of the ECFA.


Contact information

Mailing address:
D. James Kennedy Ministries
PO Box 11184
Fort Lauderdale, FL 33339-3339

Website: www.djameskennedy.org

Phone: (954) 772-0404

Email: letters@djkm.org


Organization details

EIN: 650496702

CEO/President: Mr. Frank W. Wright

Chairman:

Board size: 6

Founder: Dr. D. James Kennedy

Year founded: 1974

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Coral Ridge Ministries Media, Inc. d/b/a D. James Kennedy Ministries has several goals: to communicate the fullness of the Gospel message, with love and without compromise; to use all available media, and other ways yet undreamed of, to reach the world for Christ; to uphold standards of integrity, compassion, and above all, biblical fidelity; to pursue excellence in all things, and all things to the glory of God. The Organization accomplishes these goals through the teaching of God's word through radio, television, the printed word, and other media; by assisting Christians in their spiritual growth by providing video, audio, and printed resources; and by encouraging the application of Biblical principles through media broadcasting. Millions of people are reached and served each year.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. D. James Kennedy Ministries is a member of the ECFA.


Mission statement

To proclaim the good news of the Gospel throughout the Earth, introducing people to the Person and the redeeming work of Jesus Christ;

To teach and nurture His followers, helping them to grow in grace and in service to Christ and His church; To equip and encourage believers to live out their faith, making a difference in the world around them; To defend religious liberty, by helping believers understand America's Christian heritage and by motivating them to lovingly engage the culture with the heart and mind of Christ.


Statement of faith

The sole basis of our beliefs is the Bible, God's infallible written Word, the 66 books of the Old and New Testaments. We believe that it was uniquely, verbally and fully inspired by the Holy Spirit and that it was written without error (inerrant) in the original manuscripts. It is the supreme and final authority in all matters on which it speaks.

Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating379 of 43041 of 50
Fund acquisition rating288 of 43032 of 50
Resource allocation rating334 of 43036 of 50
Asset utilization rating361 of 43046 of 50

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%9%14%14%10%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%9%13%14%10%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%96%96%100%97%95%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%13%13%13%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%4%4%0%3%5%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%75%74%76%71%68%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%95%100%104%75%64%
Program output ratio Program output ratio =
Program services /
Total revenue
81%71%74%79%53%44%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%5%0%-4%25%36%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%7%0%-6%38%90%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%15%13%11%16%21%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.321.000.920.920.710.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.534.483.423.202.833.11
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.534.473.152.962.012.31
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.102.904.884.365.332.96
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.350.200.230.190.34
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.061.763.033.134.853.45
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%28%31%35%37%54%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%1%3%6%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%72%75%70%89%62%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$1,007,591$1,305,705$1,478,125$1,191,481$625,008
Receivables, inventories, prepaids$184,770$213,293$241,816$270,339$298,862
Short-term investments$0$0$576$652,112$702,650
Other current assets$0$0$0$0$0
Total current assets$1,192,361$1,518,998$1,720,517$2,113,932$1,626,520
Long-term investments$1,790,045$1,786,457$1,739,645$1,901,017$1,978,140
Fixed assets$151,799$248,845$357,189$436,663$280,921
Other long-term assets$2,203,618$1,639,186$1,688,617$1,539,112$1,174,039
Total long-term assets$4,145,462$3,674,488$3,785,451$3,876,792$3,433,100
Total assets$5,337,823$5,193,486$5,505,968$5,990,724$5,059,620
 
Liabilities20182017201620152014
Payables and accrued expenses$411,405$310,975$394,178$396,980$549,984
Other current liabilities$0$0$0$0$0
Total current liabilities$411,405$310,975$394,178$396,980$549,984
Debt$0$0$66,859$157,092$289,763
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,060,362$1,292,551$1,471,354$1,653,097$1,876,614
Total long-term liabilities$1,060,362$1,292,551$1,538,213$1,810,189$2,166,377
Total liabilities$1,471,767$1,603,526$1,932,391$2,207,169$2,716,361
 
Net assets20182017201620152014
Unrestricted$3,006,397$2,852,315$2,950,490$3,073,947$1,676,570
Temporarily restricted$859,659$737,645$623,087$709,608$666,689
Permanently restricted$0$0$0$0$0
Net assets$3,866,056$3,589,960$3,573,577$3,783,555$2,343,259
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$5,361,302$4,592,701$4,892,892$5,492,540$5,551,911
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$247,329$213,724($10,121)$193,832$296,667
Total other revenue$247,329$213,724($10,121)$193,832$296,667
Total revenue$5,608,631$4,806,425$4,882,771$5,686,372$5,848,578
 
Expenses20182017201620152014
Program services$4,008,778$3,563,478$3,852,226$3,000,748$2,558,732
Management and general$823,299$604,306$569,275$695,758$786,726
Fundraising$500,458$622,258$671,248$549,570$404,318
Total expenses$5,332,535$4,790,042$5,092,749$4,246,076$3,749,776
 
Change in net assets20182017201620152014
Surplus (deficit)$276,096$16,383($209,978)$1,440,296$2,098,802
Other changes in net assets$0$0$0$0$0
Total change in net assets$276,096$16,383($209,978)$1,440,296$2,098,802

Response from ministry

No response has been provided by this ministry.


History

Celebrating Over Forty Years of Broadcasting D. James Kennedy had a large vision--a vision for making a global impact for Christ. One Sunday evening in 1960 he read Jeremiah 33:3 to his small congregation. No more than 15 to 20 people were present, but after he read the following from Jeremiah 33:3: "Call unto me and I will answer thee, and show thee great and mighty things, which thou knowest not," he said something that astounded his listeners: "You know, I believe we can change the world!"

It began with Evangelism Explosion in 1962, a ministry for training Christians to personally share their faith and lead others to Christ.

By 1973, as the yet-to-be-completed new Coral Ridge Presbyterian Church sanctuary was going up, Dr. Kennedy had begun to see that there was another tool he could use effectively to make a global impact for Christ--mass communications--now developing at a fantastic rate.

As he addressed those who were present for the dedication of the new church building in 1974, Dr. Kennedy set the vision for not only the mission of the church, but also for the media ministry that would eventually broadcast his sermons and the Coral Ridge Church services worldwide. He spoke of that vision to his congregation telling them:

It is our prayer, that through this church, the Gospel of Jesus Christ might be radiated through television and radio, motion pictures and cassettes, books and clinics, and by ways yet undreamed of unto the entire world, that the command of Christ to go and proclaim the Gospel to every creature might be fulfilled in our generation.

That year, the radio ministry was launched with a radio outreach on five stations in Michigan, and four years later in 1978, the Coral Ridge worship service was first broadcast on television. Over the next 27 years syndication was to expand to a high point of 675 television stations and 700 radio facilities.

In the 1990's Dr. Kennedy's radio program Truths That Transform was on more than 300 radio outlets nationwide and The Coral Ridge Hour was in every major TV market in the United States. Dr. Kennedy became recognized as "one of the leading Christian statesmen of the day." His biographer Herbert Williams notes that he became "a much-sought-after guest on 'celebrity shows.' His TV appearances include[d] Crossfire, CBS Nightwatch, MacNeil/Lehrer Report, Donahue, The Merv Griffin Show, and a Ted Koppel special on televangelism." In addition, Dr. Kennedy was quoted in national magazines and newspapers such as the U.S. New and World Report, Christianity Today, The Washington Times, USA Today, The New York Times and The Washington Post. He was also a frequent guest on Morning Joe and from time to time Bill O'Reilly of Fox television would call his home to ask him about issues dealing with religion in public affairs and conflicts over manger scenes and church/state battles.

As the national and international scope of the ministry expanded, it made sense by 1996 to incorporate the ministry as a free-standing organization, Coral Ridge Ministries Media, Inc., separate and apart from Coral Ridge Church and having its own board of directors and executive staff. Coral Ridge Ministries became the vehicle for the broadcast ministry of Dr. Kennedy,

In 2003, NRB professionals awarded The Coral Ridge Hour the honor of being the "Television Program of the Year" and in 2004 they designated the radio program, Truths That Transform, "Best Radio Teaching Program" of the year. In 2005, Dr. Kennedy, himself, was inducted into the National Religious Broadcasters Hall of Fame.

Now known as D. James Kennedy Ministries, the organization founded by Dr. Kennedy has continued his mission and legacy since his death in 2007. In addition to the broadcast channels of radio and television (now available on cable, satellite and the Internet), the ministry has published numerous books and booklets, as well as a monthly newsletter IMPACT, which was expanded in 2015 to a 48 page digest format with the inclusion of monthly devotionals by Dr. Kennedy and Dr. Jerry Newcombe, who collaborated with Dr. Kennedy on over 16 books.

In April of 2015, Dr. Frank Wright took the helm of D. James Kennedy Ministries as President and CEO. Jim Carlson notes that Dr. Wright was "a decade's long friend and student of the late Dr. Kennedy and he shares an incredible understanding of Dr. Kennedy's biblical perspective, his commitment to the Great Commission of Jesus Christ and this ministry's Cultural Mandate."

Dr. Kennedy named Dr. Wright as the first director of the D. James Kennedy Center for Christian Statesmanship in Washington, D.C. Later Dr. Wright served for ten years as the president and chief executive officer of the National Religious Broadcasters, as well as president and chief operating officer of Salem Communications Corporation, one of the preeminent Christian media companies in the world. Dr. Wright's wealth of experience in the areas of broadcast management and public policy uniquely qualify him to assume the leadership of the ministry.

Dr. D. James Kennedy left behind a great legacy, much of which has been preserved on audio and video tapes and in the many books he wrote. We pray that, as the ministry now bearing his name, we may faithfully steward this vast repository of his teaching, and by using all the current channels of communication and, in the future, the "ways yet undreamed of," we may serve as a megaphone to the world, proclaiming the Gospel to every creature. Our motto, as was Dr. Kennedy's, continues to be: "Excellence in all things, and all things to the glory of God."


Program accomplishments


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