Haven Ministries 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/5/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
It's been more than eight decades since the founder of Haven Ministries, First Mate Bob, broadcast the inaugural radio program with its "eight bells and all is well." Although our presentation has changed, the message is still the same. All is well for those who have found a haven in the only reliable source there is, Jesus Christ. Today, the Haven broadcast can be heard on hundreds of stations across North America, Africa, the Philippines, and Asia. Haven's speaker, Charles Morris, carefully ties the message of our hope in Christ to significant national and world events. With a commitment to biblical truth, warm communication and uplifting music, Haven Today points us to the only lasting solution to life's problems--Jesus Christ.
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:
P.O. Box 79997
Riverside, CA 92513-1997
Website: www.haventoday.org
Phone:
Email: ministry@haventoday.org
Organization details
EIN: 951866067
CEO/President: Charles Morris
Chairman: Mr. Richard Streza
Board size: 8
Founder: Mr. Paul Myers
Year founded: 1934
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 1980
Purpose
We believe that every person's greatest daily need is a fresh encounter with Jesus Christ. For this reason, Haven Ministries exists to help lead people into a deeper relationship with the Savior.
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
Haven communicates its mission as follows:
Haven Ministries' mission is to communicate God's love in the person of the Lord Jesus Christ through word and music via Christian radio, the Internet, musical albums and the printed word.
Statement of faith
Haven subscribes to the following statement of faith:
We believe the Holy Scriptures are God's Word, divinely inspired, infallible, the supreme authority in all matters of faith and conduct.
We believe in one God, eternally existent in three persons, Father, Son and Holy Spirit.
We believe in the Lord Jesus Christ, his full divinity, his virgin birth, his sinless humanity, his atoning death, his bodily resurrection, his ascension, his present mediatorial work at the right hand of God and his personal imminent return in power and glory.
We believe there is salvation for sinners through the death and resurrection of the Lord Jesus Christ by grace through faith, apart from works.
We believe the church is commissioned by Christ to go into the world and make disciples of all nations.
We believe there will be a resurrection and a final judgment; the lost will be eternally condemned and the saved will enter into their inheritance in the new heavens and the new earth.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Educational Media
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 166 of 817 | 11 of 52 |
| Fund acquisition rating | | 477 of 817 | 30 of 52 |
| Resource allocation rating | | 266 of 817 | 19 of 52 |
| Asset utilization rating | | 50 of 817 | 4 of 52 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 10% | 9% | 9% | 9% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 10% | 9% | 8% | 9% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 100% | 100% | 98% | 101% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 9% | 9% | 8% | 9% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 0% | 0% | 2% | -1% | 0% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 84% | 85% | 85% | 85% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 101% | 106% | 103% | 106% | 101% | 100% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 89% | 88% | 90% | 86% | 86% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | -1% | -6% | -3% | -6% | -1% | 0% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | -2% | -68% | -24% | -39% | -6% | 0% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 7% | 6% | 7% | 6% | 5% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.96 | 4.53 | 3.79 | 4.16 | 3.27 | 2.78 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.48 | 1.39 | 1.21 | 1.19 | 1.16 | 1.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.02 | 6.27 | 4.59 | 4.95 | 3.78 | 2.90 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 6.05 | 1.36 | 1.90 | 3.28 | 5.19 | 5.02 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.15 | 0.74 | 0.53 | 0.30 | 0.19 | 0.20 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.59 | 0.50 | 1.24 | 1.69 | 2.56 | 3.32 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 11% | 63% | 52% | 38% | 33% | 35% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 69% | 8% | 13% | 15% | 21% | 24% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $289,056 | $544,739 | $325,722 | $410,719 | $439,754 |
| Receivables, inventories, prepaids | $105,080 | $78,375 | $96,838 | $88,589 | $105,167 |
| Short-term investments | $181,971 | $226,458 | $401,197 | $590,929 | $772,818 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $576,107 | $849,572 | $823,757 | $1,090,237 | $1,317,739 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $217,444 | $175,463 | $152,435 | $165,684 | $53,710 |
| Other long-term assets | $4,517 | $4,517 | $3,490 | $3,490 | $3,490 |
| Total long-term assets | $221,961 | $179,980 | $155,925 | $169,174 | $57,200 |
| Total assets | $798,068 | $1,029,552 | $979,682 | $1,259,411 | $1,374,939 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $358,917 | $411,434 | $248,657 | $206,477 | $262,348 |
| Other current liabilities | $65,201 | $34,851 | $2,254 | $3,778 | $0 |
| Total current liabilities | $424,118 | $446,285 | $250,911 | $210,255 | $262,348 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $80,595 | $89,895 | $119,233 | $203,144 | $213,326 |
| Total long-term liabilities | $80,595 | $89,895 | $119,233 | $203,144 | $213,326 |
| Total liabilities | $504,713 | $536,180 | $370,144 | $413,399 | $475,674 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $189,907 | $294,704 | $508,577 | $796,512 | $807,558 |
| Temporarily restricted | $103,448 | $198,668 | $51,461 | $0 | $42,207 |
| Permanently restricted | $0 | $0 | $49,500 | $49,500 | $49,500 |
| Net assets | $293,355 | $493,372 | $609,538 | $846,012 | $899,265 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $3,414,919 | $3,777,326 | $3,753,162 | $4,101,634 | $3,829,227 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $8,407 | $10,789 | $7,931 | ($6,866) | ($4,459) |
| Other revenue | ($11,341) | ($1,249) | $80,960 | ($25,060) | ($9,913) |
| Total other revenue | ($2,934) | $9,540 | $88,891 | ($31,926) | ($14,372) |
| Total revenue | $3,411,985 | $3,786,866 | $3,842,053 | $4,069,708 | $3,814,855 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $3,047,920 | $3,336,312 | $3,472,843 | $3,511,659 | $3,294,725 |
| Management and general | $237,128 | $224,993 | $280,699 | $255,096 | $206,882 |
| Fundraising | $326,954 | $341,728 | $324,985 | $356,206 | $314,220 |
| Total expenses | $3,612,002 | $3,903,033 | $4,078,527 | $4,122,961 | $3,815,827 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | ($200,017) | ($116,167) | ($236,474) | ($53,253) | ($972) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($200,017) | ($116,167) | ($236,474) | ($53,253) | ($972) |
Compensation
| Name | Title | Compensation |
| Charles Morris | President | $132,620 |
| La Hanna Lopez | Vice President | $112,867 |
Compensation data as of: 6/30/2020
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 3/5/2020. To update the information below, please email: info@ministrywatch.com
History
A well-known and respected Los Angeles radio personality in the early 1930's, Paul Myers' life was out of control. His success had brought him no happiness and his alcoholism had even forced his wife to kick him out, though she continued to pray for his salvation and recovery.
Reduced to the life of a homeless alcoholic, Paul Myers sought refuge in a San Diego church service. After being turned away because of his repellent and drunken appearance, Myers went back to his cheap hotel and started reading the Gideon Bible. Convicted of his sin and devastated by his circumstances, he sought forgiveness and professed faith in Christ. One month later he was back on the radio, but this time as a broken man saved by grace -- it was 1934 and The Haven of Rest radio broadcast had begun.
Since that time, God has used this ministry to bring thousands to faith in Christ. Now called HAVEN Today, the daily broadcast airs on more than 600 stations in North America and around the world. Through the Anchor daily devotional guide, thousands more are encouraged each day to live their lives through Christ and for Christ.
Haven Ministries is united with one common purpose . . . to tell the Great Story that's all about Jesus.
Program accomplishments
In 2014 Haven Ministries will celebrate 80 years of ministry and the Anchor Devotional will celebrate 40 years of ministry. Today the ministry of Haven touches millions of lives all over the world for the sake of the gospel.
Recent Accomplishments:
2007 - Haven Today began broadcasting a bilingual version (English/Mandarin) of the program in China.
2010 - the National Religious Broadcasters awarded Haven Today the Long-Form Program of the Year.
2013 - HAVEN Today expanded its ministry with the All About Jesus Blog (allaboutjesusblog.org)
2018 - Haven Ministries began broadcasting a Spanish program called El Faro de Redencion in Cuba and heard around the world.
Needs
Haven is a nonprofit organization that depends on its listener donors for the funding necessary to carry out its mission. The ministry is almost exclusively supported by donations from ministry supporters.