Gospel Recordings

Summary

Gospel Recordings ("GR") is a missionary organization to unreached people, especially illiterates and those who have no other means of hearing the Gospel. GR works with its partners, called the Global Recordings Network(GRN) - similar, independent organizations based in over 20 other countries. Gospel Recordings, and its GRN partners worldwide, use modern technology to spread the God's Good News. The main goal is to provide the Gospel to those who can only be reached by the human voice, because they do not read. GRN produces handwind tape and record players, used where AC current and batteries are not accessible. Picture sets are available to teach Bible stories are accompanied by cassettes in many languages. GR sends materials at no charge to those doing evangelism, encouraging users to copy our cassettes themselves, so we can reach more peoples and areas. GR provides an easy and practical way to communicate the Gospel and overcome language barriers. The culturally adapted recordings are used in many situations to initiate the process which leads many to faith and fellowship with Jesus Christ. Over 5000 languages and dialects have been recorded, and more are being added regularly.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
41823 Enterprise Circle North
Suite 200
Temecula, CA 92590-5682

Website: www.gospelrecordings.com

Phone: (951) 719-1650

Email: sounds@gospelrecordings.com


Organization details

EIN: 956539977

CEO/President: Mr. Tim Mack

Chairman: Mr. Norval Hadley

Board size: 5

Founder: Ms. Joy Ridderhof

Year founded: 1938

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2000


Purpose

Gospel Recordings ("GR") is a missionary organization to unreached people, especially illiterates and those who have no other means of hearing the Gospel. GR works with its partners, called the Global Recordings Network (GRN) - similar, independent organizations based in over 20 other countries. Gospel Recordings, and its GRN partners worldwide, use modern technology to spread the God's Good News. The main goal is to provide the Gospel to those who can only be reached by the human voice, because they do not read. GRN produces handwind tape and record players, used where AC current and batteries are not accessible. Picture sets are available to teach Bible stories are accompanied by cassettes in many languages. GR sends materials at no charge to those doing evangelism, encouraging users to copy our cassettes themselves, so we can reach more peoples and areas.

GR provides an easy and practical way to communicate the Gospel and overcome language barriers. The culturally adapted recordings are used in many situations to initiate the process which leads many to faith and fellowship with Jesus Christ. Over 5000 languages and dialects have been recorded, and more are being added regularly.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

Gospel Recordings' Mission Statement is:

To communicate the Good News by mean of audio recordings in all of the world's languages and dialects. Priority is given to non-literate, unreached peoples.


Statement of faith

Gospel Recordings' uses the following to express its Statement of Faith:

We hold to and teach the Scriptural doctrines of the Christian faith: Belief in the whole Bible as the inspired Word of God; God existing as a Trinity; the Deity of Christ, His virgin birth, His death for the sins of man and His bodily resurrection; the lost condition of all men without Christ, the only Way of personal redemption; the necessity of the new birth; the bodily return of the Lord Jesus Christ to this earth and the urgency of the commandment to the Church to preach the Gospel to every person.

Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating280 of 43029 of 44
Fund acquisition rating81 of 43011 of 44
Resource allocation rating318 of 43032 of 44
Asset utilization rating377 of 43038 of 44

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%3%2%1%1%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%3%2%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%101%100%101%101%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%-1%0%-1%-1%-1%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%77%77%82%86%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%104%93%109%117%91%
Program output ratio Program output ratio =
Program services /
Total revenue
81%80%71%89%100%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-4%7%-9%-17%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-4%9%-14%-22%10%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%21%21%17%13%16%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.640.610.740.720.55
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.533.703.634.293.873.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.532.362.233.162.801.74
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0970.0643.2716.5472.66136.49
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.010.020.060.010.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.075.015.263.574.226.84
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%44%47%54%52%48%
Debt ratio Debt ratio =
Debt /
Total assets
0%37%38%42%42%39%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%88%86%63%66%95%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$505,850$651,813$535,304$642,227$881,231
Receivables, inventories, prepaids$148,019$54,266$58,683$70,280$76,061
Short-term investments$0$0$0$0$20,140
Other current assets$0$0$0$0$0
Total current assets$653,869$706,079$593,987$712,507$977,432
Long-term investments$0$0$0$0$0
Fixed assets$1,750,785$1,842,141$1,932,048$2,024,468$2,109,581
Other long-term assets$16,533$18,280$19,989$21,907$23,458
Total long-term assets$1,767,318$1,860,421$1,952,037$2,046,375$2,133,039
Total assets$2,421,187$2,566,500$2,546,024$2,758,882$3,110,471
 
Liabilities20172016201520142013
Payables and accrued expenses$9,333$16,317$35,916$9,806$7,161
Other current liabilities$0$0$0$0$0
Total current liabilities$9,333$16,317$35,916$9,806$7,161
Debt$899,624$984,253$1,068,779$1,147,863$1,216,387
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$159,673$207,494$259,305$289,005$275,487
Total long-term liabilities$1,059,297$1,191,747$1,328,084$1,436,868$1,491,874
Total liabilities$1,068,630$1,208,064$1,364,000$1,446,674$1,499,035
 
Net assets20172016201520142013
Unrestricted$1,281,655$1,294,909$1,103,167$1,290,135$1,532,611
Temporarily restricted$70,902$63,507$78,860$22,073$78,825
Permanently restricted$0$0$0$0$0
Net assets$1,352,557$1,358,436$1,182,024$1,312,208$1,611,436
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$1,503,765$1,706,044$1,739,153$1,729,075$1,887,705
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,401$1,448($8,619)$6,191$541
Other revenue($13,915)($8,389)($15,329)($22,599)($24,175)
Total other revenue($12,514)($6,941)($23,948)($16,408)($23,634)
Total revenue$1,491,251$1,699,103$1,715,205$1,712,667$1,864,071
 
Expenses20172016201520142013
Program services$1,188,237$1,212,099$1,532,249$1,718,578$1,407,923
Management and general$318,404$324,234$326,355$264,949$276,956
Fundraising$38,290$35,989$16,485$13,050$18,244
Total expenses$1,544,931$1,572,322$1,875,089$1,996,577$1,703,123
 
Change in net assets20172016201520142013
Surplus (deficit)($53,680)$126,781($159,884)($283,910)$160,948
Other changes in net assets$0$0$0$0$0
Total change in net assets($53,680)$126,781($159,884)($283,910)$160,948

Response from ministry

No response has been provided by this ministry.


History

Gospel Recordings (GR) was founded in 1938 by Joy Ridderhof and has been making audio recordings that tell of God's plan of salvation ever since. We praise God because over the last 60 years, millions of records and cassettes have been sent all over the world. GR works with its partners, called the Global Recordings Network(GRN) - similar, independent organizations based in over 20 other countries. GR has produced audio evangelism recordings in over 5000 languages. GRN has staff or associates working: AUSTRALIA, BANGLEDESH, BELGIUM, BRAZIL, BURKINA FASO, CAMEROON, CANADA, CHAD, GERMANY, GHANA, GUATEMALA,GUINEA, INDIA, INDONESIA, KENYA, KOREA, LIBERIA, MALAWI, MEXICO, NEPAL, NETHERLANDS, NIGERIA, PAKISTAN, PAPUA NEW GUINEA, PHILIPPINES, RUSSIA, SIERRA_LEONE, SINGAPORE, SOLOMON ISLANDS, SOUTH AFRICA, SWITZERLAND, TOGO, UNITED KINGDOM, UNITED STATES, Other restricted parts of the world.


Program accomplishments

Over the last 60 years, millions of records and cassettes have been sent all over the world. GR has produced audio evangelism recordings in over 5000 languages and has sent over 43,500 recordings to 98 countries, in 1935 languages, from the U.S. base alone. Has recorded in 99 "new languages" and taped new additional material in many more. GR has begun to develop new handwind generator and cassette player in cooperation with Korean GRN base.

In 2001, the U.S. base alone sent out 60,213 cassettes to 111 countries, and many of them were intended to be copied many more times. A digital process of archiving all the recordings has begun so that they will be accessible by CD and the Internet.


Needs

Gospel Recordings' has communicated the following needs:

GR expects God to send many more men and women to process and distribute audio evangelism tools and to record even more. A new U.S. office is being built (in Southern California) so workers and volunteers may serve Him in unique and innovative ways. Please pray that God will provide for the ministries needs.