Biblica / International Bible Society

Summary

The ministry of Biblica is built upon three core competencies that all work together. Through Translation, Publishing and Outreach, Biblica effectively reaches out globally with Scripture for evangelism and discipleship.

We currently have translation projects underway in some 60 languages. To date, Biblica has completed 31 Bible translations and 54 New Testaments. Biblica, in partnership with Wycliffe Bible Translators/Summer Institute of Linguistics, has published Scriptures in more than 600 languages globally."

Founded in New York City in 1809, Biblica carries out its three-fold ministry through centers in more than 100 countries around the world. 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 Latin America, Canada, the United States, Africa, South Asia, East Asia and Europe. From these offices, the global work of Biblica is administered and directed in more than 100 countries.

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

Website: www.ibs.org

Phone: (719) 488-9200

Email: ibs@gospelcom.net


Organization details

EIN: 841194554

CEO/President: Mr. Sidney David Passman III

Chairman: Mr. W. Michael Richards, Sr.

Board size: 15

Founder: Theodorus Van Wyck, et al

Year founded: 1809

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Biblica (formerly International Bible Society) translates, distributes and publishes God's Word so that through it people around the world may come to know Jesus Christ as Lord and Savior and be discipled in their walk with Him. Biblica produces Bibles, New Testaments and Scripture portions specifically for evangelism and discipleship in virtually every segment of society worldwide. These include prisoners, the homeless, crisis pregnancy centers, orphans, business people and many more. Scriptures are distributed through a number of means including grants, ministry-priced sales, the Internet and local ministry outreaches. In addition, Biblica produces specialized Scripture booklets for various evangelistic efforts including Olympic and sports outreaches, conferences and crusades. Biblica was founded in 1809.

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

Biblica's Mission Statement is:

To serve the Church in evangelism and discipleship by providing God's Word so that people around the world may come to faith and life in Jesus Christ.


Statement of faith

Biblica's Statement of Faith is:

In the verbal inspiration of all Scripture--as originally given--of both the Old and New Testaments and that they are the final authority of faith and life.

In one God, eternally existing in three persons--Father, Son and Holy Spirit.

In the deity of Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through the shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His personal imminent return in power and glory.

In the total depravity of all people and in the necessity of salvation through regeneration.

That salvation is a free gift of God entirely apart from works and is possessed by all those who have, by faith, received the Lord Jesus Christ as their personal savior.

In the present ministry of the person of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life, and to overcome the attacks of the evil one, Satan.

In the bodily resurrection of both the just and the unjust, the everlasting blessedness of the saved and the everlasting punishment of the lost.

In the spiritual unity of believers in our Lord Jesus Christ.

Financial efficiency ratings

Sector: Publishing

CategoryRatingOverall rankSector rank
Overall efficiency rating409 of 43010 of 10
Fund acquisition rating371 of 4308 of 10
Resource allocation rating361 of 4309 of 10
Asset utilization rating374 of 4309 of 10

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%21%19%7%9%25%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%10%4%4%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%49%50%61%44%24%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%10%5%4%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%51%50%39%56%76%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%74%73%78%82%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%113%99%81%105%97%
Program output ratio Program output ratio =
Program services /
Total revenue
81%84%73%63%87%78%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-13%1%19%-5%3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-13%1%19%-10%15%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%17%17%17%14%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.520.470.410.661.54
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.533.072.532.621.711.71
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.601.191.081.132.63
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.094.416.216.812.095.70
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.230.160.150.480.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.075.788.479.475.503.77
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%51%49%51%68%71%
Debt ratio Debt ratio =
Debt /
Total assets
0%7%8%11%27%32%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%93%109%119%48%19%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$3,713,000$5,903,000$5,138,000$4,259,000$4,720,000
Receivables, inventories, prepaids$1,273,000$1,414,000$2,010,000$3,362,000$3,943,000
Short-term investments$4,520,000$5,058,000$5,228,000$602,000$730,000
Other current assets$0$0$0$0$0
Total current assets$9,506,000$12,375,000$12,376,000$8,223,000$9,393,000
Long-term investments$800,000$800,000$3,752,000$1,429,000$2,874,000
Fixed assets$2,922,000$3,055,000$3,135,000$3,124,000$2,801,000
Other long-term assets$15,937,000$15,055,000$13,112,000$1,299,000$1,005,000
Total long-term assets$19,659,000$18,910,000$19,999,000$5,852,000$6,680,000
Total assets$29,165,000$31,285,000$32,375,000$14,075,000$16,073,000
 
Liabilities20172016201520142013
Payables and accrued expenses$1,674,000$1,553,000$1,372,000$3,772,000$1,143,000
Other current liabilities$480,000$441,000$445,000$171,000$504,000
Total current liabilities$2,154,000$1,994,000$1,817,000$3,943,000$1,647,000
Debt$2,173,000$2,426,000$3,638,000$3,810,000$5,078,000
Due to (from) affiliates$536,000$851,000$1,189,000$1,683,000$2,597,000
Other long-term liabilities$10,097,000$10,018,000$9,746,000$126,000$2,092,000
Total long-term liabilities$12,806,000$13,295,000$14,573,000$5,619,000$9,767,000
Total liabilities$14,960,000$15,289,000$16,390,000$9,562,000$11,414,000
 
Net assets20172016201520142013
Unrestricted$11,940,000$12,877,000$12,940,000$2,979,000$2,577,000
Temporarily restricted$2,265,000$3,119,000$3,045,000$1,534,000$2,082,000
Permanently restricted$0$0$0$0$0
Net assets$14,205,000$15,996,000$15,985,000$4,513,000$4,659,000
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$6,568,000$7,415,000$9,989,000$3,871,000$6,178,000
Program service revenue$551,000$770,000$856,000$3,047,000$12,688,000
Membership dues$0$0$0$0$0
Investment income$514,000$673,000($214,000)$0$0
Other revenue$5,811,000$5,944,000$5,819,000$1,948,000$6,502,000
Total other revenue$6,876,000$7,387,000$6,461,000$4,995,000$19,190,000
Total revenue$13,444,000$14,802,000$16,450,000$8,866,000$25,368,000
 
Expenses20172016201520142013
Program services$11,294,000$10,734,000$10,398,000$7,676,000$19,888,000
Management and general$2,610,000$2,575,000$2,267,000$1,318,000$3,267,000
Fundraising$1,352,000$1,407,000$719,000$337,000$1,524,000
Total expenses$15,256,000$14,716,000$13,384,000$9,331,000$24,679,000
 
Change in net assets20172016201520142013
Surplus (deficit)($1,812,000)$86,000$3,066,000($465,000)$689,000
Other changes in net assets$21,000($75,000)($31,000)($45,000)($231,000)
Total change in net assets($1,791,000)$11,000$3,035,000($510,000)$458,000

Response from ministry

No response has been provided by this ministry.


History

1809 - 1832
Evangelical Roots and Missionary Expansion. Founded in 1809 in New York, Biblica from its very infancy fostered a vision for transforming the world with the Word. In 1810, Biblica granted missionary translator William Carey $1,000 to help translate the Bible into the Bengali language. This Bible is still being used in India today.

1832 - 1906
Biblica was there in hospitals when cholera swept New York City in 1832. When war ripped the nation apart, Biblica provided Scriptures to the soldiers. Providing Scriptures for Sunday schools, prison ministry and hotels became part of our ministry.

1907 - 1960
From the late 1890s to 1954, Biblica carried out an extensive ministry to immigrants as they arrived at New York's Ellis Island. An average of 40,000 New Testaments and far more Scripture portions were distributed annually in many languages.

1960s through the '80s
Years of hard work and sacrifice were realized with the publication of the Holy Bible: New International Version (NIV). During these years Biblica became a leading publisher of ethnic Scriptures, publishing God's Word in more than 350 languages since 1970.

The Nineties
From 1990 to 1994, Biblica took a leading role in Scripture distribution in Eastern Europe, providing 10 million New Testaments for Russia and the republics of the former Soviet Union, as well as 1.5 million for Romania. A worldwide spiritual hunger is drawing many to know Christ and grow through His Word


Program accomplishments


Needs