African Enterprise

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 6/7/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

African Enterprise, Inc. ("AE") is a member of the African Evangelistic Enterprise International Council. AE is a Christian interdenominational, interracial ministry of evangelism, reconciliation, and leadership training and relief and development organization. AE works with leaders in the African church to mobilize their congregations in outreach to African cities. AE is primarily a supporting board to the International Council of African Evangelistic Enterprise, which was organized in 1980. The International Council has offices in Australia, Canada, Ethiopia, Ghana, Kenya, Malawi, Rwanda, South Africa, Tanzania, Uganda, United Kingdom and Zimbabwe which are each governed by separate Board of Directors.


Contact information

Mailing address:
African Enterprise
PO Box 28190
Spokane, WA 99228-9228

Website: www.africanenterprise.org

Phone: (509) 343-4011

Email: info@aeusa.org


Organization details

EIN: 952275044

CEO/President: Jamie Morrison

Chairman: John Reynolds

Board size: 6

Founder: Michael Cassidy

Year founded: 1964

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

Proclaiming the Gospel of Jesus is the Heartbeat of African Enterprise. African Enterprise has been evangelising the cities of Africa through mission in Word and Deed in partnership with local churches for over 50 years! We've only just begun...

Our passion to proclaim the Gospel is carried out primarily through evangelistic outreaches, or 'missions' , in the major cities of Africa. We believe that all people - from street children to presidents - need to hear and be changed by the Gospel!

African Enterprise has played a pivotal role in Africa for the past 60 years in bringing peace and reconciliation during conflict, bringing hundreds of thousands of people to church and providing vulnerable people with new life options through apprenticeship programs. Our commitment to the Great Commission and glorifying God the Father, Son and Holy Spirit is made possible through our team of evangelists located in ten countries throughout Africa, mission volunteers through churches in Africa and across the world, and all our supporters around the world.

Our Vision: Being the most faithful and effective catalyst for holistic urban evangelism in Africa.


Mission statement

To evangelize the cities of Africa through word and deed in partnership with the Church.


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating816 of 91193 of 105
Fund acquisition rating716 of 91382 of 105
Resource allocation rating882 of 913105 of 105
Asset utilization rating494 of 91159 of 105

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%10%8%8%6%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%9%8%7%6%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%90%96%93%93%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%10%9%7%6%9%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%10%4%7%7%4%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%63%66%66%63%63%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%98%89%112%98%112%
Program output ratio Program output ratio =
Program services /
Total revenue
81%62%59%74%62%71%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%2%11%-12%2%-12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%2%13%-14%2%-11%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%28%25%27%31%28%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.331.211.101.331.181.04
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.271.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.021.211.111.331.181.04
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.62307.5194.43112.69107.1499.72
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.000.010.010.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.199.8610.748.9210.0611.37
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%0%1%1%1%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
65%82%90%74%84%95%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$23,011$39,110$21,559$27,677$44,099
Receivables, inventories, prepaids$750$750$750$750$750
Short-term investments$636,154$608,030$540,030$613,028$583,755
Other current assets$0$0$0$0$0
Total current assets$659,915$647,890$562,339$641,455$628,604
Long-term investments$0$0$0$0$0
Fixed assets$1,918$2,732$1,199$1,609$3,041
Other long-term assets$0$0$0$0$0
Total long-term assets$1,918$2,732$1,199$1,609$3,041
Total assets$661,833$650,622$563,538$643,064$631,645
 
Liabilities20202019201820172016
Payables and accrued expenses$2,146$6,861$4,990$5,987$6,304
Other current liabilities$0$0$0$0$0
Total current liabilities$2,146$6,861$4,990$5,987$6,304
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$2,146$6,861$4,990$5,987$6,304
 
Net assets20202019201820172016
Without donor restrictions$659,687$638,739$558,548$637,077$570,341
With donor restrictions$0$5,022$0$0$55,000
Net assets$659,687$643,761$558,548$637,077$625,341
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$736,181$771,470$626,516$717,822$560,526
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$49,373$12,194$19,784$51,756$25,656
Other revenue$31,042$18,011$25,259$0$588
Total other revenue$80,415$30,205$45,043$51,756$26,244
Total revenue$816,596$801,675$671,559$769,578$586,770
 
Expenses20202019201820172016
Program services$503,291$472,463$498,365$478,177$413,730
Management and general$220,551$182,378$202,942$235,136$183,956
Fundraising$76,828$61,621$48,781$44,529$58,822
Total expenses$800,670$716,462$750,088$757,842$656,508
 
Change in net assets20202019201820172016
Surplus (deficit)$15,926$85,213($78,529)$11,736($69,738)
Other changes in net assets$0$0$0$0$0
Total change in net assets$15,926$85,213($78,529)$11,736($69,738)

Compensation

NameTitleCompensation
Jamie MorrisonExecutive Director$94,000

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 6/7/2021. To update the information below, please email: info@ministrywatch.com


History

As a young South African man, just 21 years old, Michael Cassidy had a heart for his people and felt the Lord calling him to city-evangelism in Africa. During the summer of 1961, he set out on an exploratory visit to 31 major cities of Africa, a trip in which God's vision for Michael became clear. On a long walk on the beach, Michael drew an outline of Africa in the sand and wrote "claimed for Christ" inside it. His experience is recounted in the book African Harvest: "He wrote in his diary; 'I asked God for 50 years of ministry in Africa.'"

Graduating from Fuller Theological Seminary in 1963, Michael returned to South Africa with a small team and his work began. The first city-wide mission was held in Pietermaritzburg, South Africa and from there the work expanded slowly across the continent. A second team was established in Uganda in 1971 under the leadership of Bishop Festo Kivengere. Today AE has teams in ten African countries: Ghana, Uganda, Zimbabwe, South Africa, Rwanda, Kenya, Tanzania, the Democratic Republic of Congo, Malawi and Ethiopia.

"Michael's vision and courage were key contributors to mobilizing the church in South Africa to challenge and topple one of the most evil and divisive systems in the world, namely Apartheid." - S. Doug Birdsall, Honorary co-Chair, Lausanne Committee for World Evangelization


Program accomplishments


Needs

Reaching approximately a million people a year with the Gospel and seeing hundreds of thousands committing or rededicating to Christ is such a rewarding and important role which is made possible through the prayers of thousands of people every day and regular financial gifts. Thank you to all our supporters, present and past. If you are considering partnering with us, please prayerfully consider if God is calling you to change lives in Africa now through the evangelical ministry of African Enterprise.