Biblical Ministries Worldwide 
The information on this page was last updated 4/22/2024. If you see errors or omissions, please email: [email protected]
Summary
Biblical Ministries Worldwide is local church-driven, Gospel-oriented, and Great Commission-focused. We believe the Great Commission is to be carried out in the spirit of the Great Commandment.
Contact information
Mailing address:
Biblical Ministries Worldwide
1595 Herrington Road
Lawrenceville, GA 30043
Website: biblicalministries.org
Phone: (770) 339-3500
Email: [email protected]
Organization details
EIN: 946171558
CEO/President: Andrew Bunnell
Chairman: Dr. Les Lofquist
Board size: 12
Founder:
Ruling year: 2000
Tax deductible: Yes
Fiscal year end: 10/31
Member of ECFA: Yes
Member of ECFA since: 2024
Purpose
Our Vision:
Love the Church by providing best-in-class service to our churches and donors
Serve our Missionaries by focusing on their CARE: Compassion, Accountability, Relationships, and Efficiency
Win the Lost by preaching the word, doing evangelism, making disciples to be disciple-makers, and developing leaders, all within the context of a healthy, baptistic, local church
Grow our Organization by investing in innovative strategies and state-of-the-art processes and systems that enable sustainable growth
Mission statement
We exist to serve local churches and their missionaries as they plant HEALTHY CHURCHES EVERYWHERE through evangelism, discipleship, and leadership development. We are Great Commission focused, local church driven.
Statement of faith
Visit: https://biblicalministries.org/Files/About%20Pages/doctrinal-statement.pdf
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 149 of 1106 | 16 of 144 |
| Fund acquisition rating | | 104 of 1107 | 15 of 144 |
| Resource allocation rating | | 164 of 1107 | 19 of 144 |
| Asset utilization rating | | 622 of 1106 | 73 of 144 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 90% | 89% | 91% | 88% | 90% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 10% | 11% | 9% | 12% | 10% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 92% | 92% | 92% | 89% | 92% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 97% | 95% | 98% | 99% | 100% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 89% | 88% | 91% | 89% | 93% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 3% | 5% | 2% | 1% | 0% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 5% | 9% | 3% | 1% | -1% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 8% | 8% | 7% | 7% | 11% | 7% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.33 | 1.30 | 1.56 | 1.67 | 1.70 | 1.71 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.26 | 1.34 | 1.39 | 1.41 | 1.48 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.02 | 1.63 | 2.09 | 2.33 | 2.40 | 2.53 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 19.87 | 20.65 | 15.22 | 12.45 | 5.94 | 88.08 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.05 | 0.07 | 0.08 | 0.17 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.62 | 7.01 | 5.36 | 4.74 | 4.16 | 4.69 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 21% | 10% | 12% | 12% | 7% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 17% | 5% | 5% | 0% | 6% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 67% | 61% | 58% | 53% | 52% | 54% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $6,873,126 | $5,129,452 | $4,355,525 | $4,091,808 | $3,597,215 |
| Receivables, inventories, prepaids | $2,158 | $3,939 | $3,990 | $3,604 | $19,621 |
| Short-term investments | $1,112,178 | $1,091,163 | $1,194,654 | $1,221,969 | $1,158,679 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $7,987,462 | $6,224,554 | $5,554,169 | $5,317,381 | $4,775,515 |
| Long-term investments | $114,827 | $114,827 | $108,623 | $110,524 | $106,700 |
| Fixed assets | $1,938,393 | $2,003,891 | $2,074,069 | $2,083,575 | $2,177,353 |
| Other long-term assets | $0 | $0 | $2,809 | $5,618 | $8,428 |
| Total long-term assets | $2,053,220 | $2,118,718 | $2,185,501 | $2,199,717 | $2,292,481 |
| Total assets | $10,040,682 | $8,343,272 | $7,739,670 | $7,517,098 | $7,067,996 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $386,724 | $408,955 | $445,996 | $482,281 | $54,215 |
| Other current liabilities | $0 | $0 | $0 | $412,679 | $0 |
| Total current liabilities | $386,724 | $408,955 | $445,996 | $894,960 | $54,215 |
| Debt | $1,692,928 | $396,434 | $420,766 | $0 | $404,364 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $48,549 | $48,969 | $49,864 | $0 | $51,962 |
| Total long-term liabilities | $1,741,477 | $445,403 | $470,630 | $0 | $456,326 |
| Total liabilities | $2,128,201 | $854,358 | $916,626 | $894,960 | $510,541 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $6,658,989 | $6,535,536 | $6,160,850 | $6,171,127 | $6,249,764 |
| With donor restrictions | $1,253,492 | $953,378 | $662,194 | $451,011 | $307,691 |
| Net assets | $7,912,481 | $7,488,914 | $6,823,044 | $6,622,138 | $6,557,455 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $12,036,241 | $12,207,992 | $11,925,956 | $11,232,449 | $10,815,601 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $31,065 | $87,183 | ($25,713) | $76,611 | $25,375 |
| Other revenue | $1,361,870 | $1,389,067 | $1,244,062 | $1,514,671 | $1,200,766 |
| Total other revenue | $1,392,935 | $1,476,250 | $1,218,349 | $1,591,282 | $1,226,141 |
| Total revenue | $13,429,176 | $13,684,242 | $13,144,305 | $12,823,731 | $12,041,742 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $11,952,638 | $12,014,488 | $11,969,779 | $11,361,796 | $11,174,298 |
| Management and general | $1,015,221 | $968,486 | $935,798 | $1,350,753 | $879,140 |
| Fundraising | $37,750 | $35,398 | $37,822 | $46,499 | $39,225 |
| Total expenses | $13,005,609 | $13,018,372 | $12,943,399 | $12,759,048 | $12,092,663 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $423,567 | $665,870 | $200,906 | $64,683 | ($50,921) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $423,567 | $665,870 | $200,906 | $64,683 | ($50,921) |
Compensation
Compensation data for this ministry has not been collected.
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 4/22/2024. To update the information below, please email: [email protected]
History
Biblical Ministries Worldwide came into existence in 1988 as the result of the union of WEFMinistries and United Missionary Fellowship.
WEFMinistries was born in l958 with twelve missionaries under the leadership of Henry Heijermans. Their focus was church planting in Europe, their vision to reach Europeans the world over. Henry Heijermans served as General Director until his retirement in l985. For the next ten years he served as the President of FOM (Fellowship of Missions). He currently heads FOMConsulting, a joint service of BMW and FOM which exists to assist churches, mission agencies, schools, and other like-minded organizations with administrative matters and strategic planning.
In the fall of 1948, four pastors in northern California met in Santa Rosa, California to share a common burden and concern for reaching the small mining camps and lumber towns in the northern part of their state. Out of that meeting came the plan to form a mission board which they called Pioneer Bible Mission (later, United Missionary Fellowship.) The mission became incorporated in California in 1949. From the beginning, the emphasis was on church planting. By 1952, some other missionaries had applied to go to Brazil, Honduras and Mexico. They said they appreciated the strong doctrinal stand of the mission. Richard A. Foster was the first full-time General Director. Robert Jeffcott succeeded him in 1966 and served in that capacity until 1994.
In the early 1970's, a growing friendship and cooperative relationship developed between the Directors of UMF and WEFMinistries. We held several DIRECTION conferences together to reach college students on secular as well as Christian colleges. By 1980, the two Directors had some discussion about the advantages of a merger of the two boards. Meetings of the two Boards of Directors held in 1987 resulted in the formation of one agency unified by a common purpose, convictions and burden for world missions. The new mission began officially on January 1, 1988 as Biblical Ministries Worldwide with a Board of Directors comprised of six men from each of the former boards. It could truly be said that BMW was a "new mission with 70 years of experience," serving at that time in 26 countries with 300 missionaries.