Biblica / International Bible Society

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 7/9/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Biblica is passionate about reaching people with God's transforming word. For more than 210 years, Biblica has been providing access to Scripture for those without it, but we've come a long way from our early efforts distributing Bibles on Ellis Island. Today, we operate in over 55 countries, bringing Bible translation, access, and engagement to unreached and least-reached peoples desperate for God's truth.

Through digital, print, and audio, we're able to provide the Bible in accurate, contemporary translations and formats so that more people around the world will have the opportunity to be transformed by Jesus Christ.

Founded in New York City in 1809, Biblica currently stewards 74 languages that serve a growing portfolio of 85 Bible translations reaching 80% of the world with God's Word. In 1978, Biblica published the New International Version translation of the Bible; the NIV is now the most widely read contemporary English translation in the world.

Headquartered in Colorado Springs, Colorado, Biblica currently maintains Area Offices in the United States, Africa, the Americas, Asia Pacific, Eurasia, and the Middle East / North Africa (MENA). From these offices, the global work of Biblica is administered and directed in more than 55 countries.


Contact information

Mailing address:
Biblica
1820 Jet Stream Dr.
Colorado Springs, CO 80921-3696

Website: www.biblica.com

Phone: (719) 488-9200

Email: customercare@Biblica.com


Organization details

EIN: 841194554

CEO/President: Geof Morin

Chairman: Jim Bridges

Board size: 13

Founder: Theodorus Van Wyck, et al

Year founded: 1994

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

We know that God's Word brings truth, healing, sets captives free, restores, and reconciles neighbors with enemies.

Our vision is to see the Bible be used by God to redeem the lost, restore the broken and inspire the Body of Christ to be a community of hope for the world.

The Word of God transforms lives, churches, communities, countries. God's heart is for all of mankind to know Him through His Word and to bring His kingdom to earth. We have the chance to be part of bringing God's Word to the nations so all will know. Biblica is a global Bible ministry inspired by radical generosity.

For more than 200 years, Biblica has helped people beyond the reach of God's Word discover the love of Jesus Christ through contemporary Bible translation. As we push into our third century, we continue to produce relevant and reliable Scripture translations and resources that minister to people on the margins of the Gospel-the unreached, unengaged, unseen, and unwanted.


Mission statement

To provide the Bible in accurate, contemporary translations and formats so that more people around the world will have the opportunity to be transformed by Jesus Christ.


Statement of faith

Biblica's Statement of Faith is:

We Believe...

In one God, eternally existent in three persons - Father, Son, and Holy Spirit; In the absolute deity and full humanity of our Lord Jesus Christ, God the Son, His virgin birth, His sinless life, His miracles, His substitutionary and atoning death for all through His shed blood, His bodily resurrection, His ascension to the right hand of the Father, and His personal return in power and glory to judge the living and the dead;

In the present ministry of the Holy Spirit, by whose indwelling the Christian is empowered to live a holy life, to witness and work for the Lord Jesus Christ;

In the divine inspiration of all 66 books of the Old and New Testaments as originally given, guaranteeing their infallibility, entire trustworthiness, and supreme authority in all matters of faith and conduct;

That all people are sinners and cannot save themselves. Salvation is received as a free gift of God's grace, apart from works, through repentance and personal faith in the redemptive work of Christ and the regenerating power of the Holy Spirit;

In the bodily resurrection of both the saved and the lost, the eternal blessedness of the saved, and the eternal punishment of the lost;

In the spiritual unity of believers in our Lord Jesus Christ who are thus members of His Body, the Church, whose work is the worship of God, perfecting the saints, and evangelization of the world.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Bible Translation Organizations

CategoryRatingOverall rankSector rank
Overall efficiency rating890 of 94015 of 15
Fund acquisition rating820 of 94213 of 15
Resource allocation rating732 of 94213 of 15
Asset utilization rating790 of 94012 of 15

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%22%19%15%21%19%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%15%10%8%10%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%68%52%55%49%50%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%14%11%9%9%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%32%48%45%51%50%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%77%76%75%74%73%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%109%96%92%113%99%
Program output ratio Program output ratio =
Program services /
Total revenue
77%84%73%69%84%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%-9%4%8%-13%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%-10%4%9%-13%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%9%13%16%17%17%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.730.660.510.480.520.47
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.442.692.412.343.072.53
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.761.761.221.121.601.19
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.743.275.446.464.416.21
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.310.180.150.230.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.064.738.019.055.788.47
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%48%47%53%51%49%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%6%7%7%8%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
85%80%105%97%93%109%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,877,000$3,936,000$4,338,000$3,713,000$5,903,000
Receivables, inventories, prepaids$2,306,000$1,761,000$1,554,000$1,273,000$1,414,000
Short-term investments$5,173,000$6,656,000$5,513,000$4,520,000$5,058,000
Other current assets$0$0$0$0$0
Total current assets$10,356,000$12,353,000$11,405,000$9,506,000$12,375,000
Long-term investments$2,841,000$2,301,000$2,681,000$800,000$800,000
Fixed assets$3,357,000$2,772,000$0$2,922,000$3,055,000
Other long-term assets$11,297,000$12,344,000$12,627,000$15,937,000$15,055,000
Total long-term assets$17,495,000$17,417,000$15,308,000$19,659,000$18,910,000
Total assets$27,851,000$29,770,000$26,713,000$29,165,000$31,285,000
 
Liabilities20202019201820172016
Payables and accrued expenses$1,996,000$1,848,000$1,321,000$1,674,000$1,553,000
Other current liabilities$1,170,000$422,000$444,000$480,000$441,000
Total current liabilities$3,166,000$2,270,000$1,765,000$2,154,000$1,994,000
Debt$1,481,000$1,691,000$1,933,000$2,173,000$2,426,000
Due to (from) affiliates$282,000$624,000$520,000$536,000$851,000
Other long-term liabilities$8,394,000$9,264,000$10,058,000$10,097,000$10,018,000
Total long-term liabilities$10,157,000$11,579,000$12,511,000$12,806,000$13,295,000
Total liabilities$13,323,000$13,849,000$14,276,000$14,960,000$15,289,000
 
Net assets20202019201820172016
Without donor restrictions$9,722,000$11,548,000$11,868,000$11,940,000$12,877,000
With donor restrictions$4,806,000$4,373,000$3,425,000$2,265,000$3,119,000
Net assets$14,528,000$15,921,000$12,437,000$14,205,000$15,996,000
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$11,417,000$8,225,000$7,682,000$6,568,000$7,415,000
Program service revenue$0$361,000$665,000$551,000$770,000
Membership dues$0$0$0$0$0
Investment income$244,000$249,000$334,000$514,000$673,000
Other revenue$5,139,000$6,940,000$5,212,000$5,811,000$5,944,000
Total other revenue$5,383,000$7,550,000$6,211,000$6,876,000$7,387,000
Total revenue$16,800,000$15,775,000$13,893,000$13,444,000$14,802,000
 
Expenses20202019201820172016
Program services$14,076,000$11,551,000$9,565,000$11,294,000$10,734,000
Management and general$1,649,000$1,962,000$2,082,000$2,610,000$2,575,000
Fundraising$2,529,000$1,592,000$1,141,000$1,352,000$1,407,000
Total expenses$18,254,000$15,105,000$12,788,000$15,256,000$14,716,000
 
Change in net assets20202019201820172016
Surplus (deficit)($1,454,000)$670,000$1,105,000($1,812,000)$86,000
Other changes in net assets$61,000($42,000)($17,000)$21,000($75,000)
Total change in net assets($1,393,000)$628,000$1,088,000($1,791,000)$11,000

Compensation

NameTitleCompensation
Geof MorinCEO$268,815
Stephen CaveSVP-Translation$173,691
Tracy ThomasSVP-Advancement & Asst Secretary$167,875
Mark FinzelVP of Digital Innovation$160,614
Bruce TrowbridgeCFO & Treasurer (effective Apr 1, 2019)$151,389
Esteban FernandezLatin Ministry Director$150,224
Richard LohSr. Ministry Director - EAP$150,215
Laura FisherSVP - Global Ministry$144,967

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 7/9/2021. To update the information below, please email: info@ministrywatch.com


History

Biblica is a global Bible ministry, releasing the world's most widely read Scriptures for maximum Gospel impact. Now in its third century of mission, Biblica continues to produce relevant and reliable Scripture translations and innovative resources that power the Bible ministry of hundreds of global mission organizations and invite millions to discover the love of Jesus Christ.

Biblica has a rich and amazing history. In 1809, a group of Christians gathered in New York's Lower Manhattan neighborhood to discuss the city's spiritual needs. Among them was Henry Rutgers (Rutgers University). Together, they formed the New York Bible Society (NYBS). The NYBS began by sharing God's Word with the residents of the city as well as immigrants, sailors and soldiers as they passed through New York. In 1810, the Society funded its first translation: William Carey's Bengali Bible translation in India. Two years later, the NYBS began its ministry to the military, and in 1815 they began ministry to prison inmates. Both of these ministries have continued to the present day. When Ellis Island opened in 1892, the Society continued providing Bibles to the flood of immigrants entering the country.

Members of NYBS went door to door throughout New York City to make sure everyone had the opportunity to hear about Christ and have a copy of the Bible in their language. Over the course of the next two centuries, the NYBS began placing Bibles in hotel rooms, providing Bibles for hospital patients, and providing braille Bibles for the blind.

During the 1950s, the Society became the publishing sponsor of the New International Version of the Bible. When it was completed in 1973, the NIV quickly became the best-selling contemporary English translation of all time. In 1988, the NYBS changed its name to the International Bible Society to better reflect its new and widening scope of ministry. In the last quarter of the 20th century, the International Bible Society translated God's Word into dozens of the world's most-spoken languages.

In 2009, the International Bible Society changed its name to Biblica. Today, Biblica partners with like-minded organizations to minister God's Word in 55 countries. Biblica's global ministry continues to include Bible translation, access, and engagement programs, and the key strategies are Gateway Translation, Frontline Church, and Rising Generations.


Program accomplishments

Helping equip the global church to engage with God's Word, in 2018, we surpassed 2 million total children reached with the Gospel through our Reach4Life New Testament program. We released the Reach4Life youth discipleship New Testament in South Africa in 2004 in response to the AIDs crisis. Since then the peer education program is in over 30 countries across the globe spanning 5 continents.


Needs