Global Recordings Network

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 3/4/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Gospel Recordings Network ("GRN") 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: Bill Cornthwaite

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.

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating810 of 91344 of 51
Fund acquisition rating402 of 91524 of 51
Resource allocation rating807 of 91543 of 51
Asset utilization rating858 of 91345 of 51

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%4%4%3%2%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%4%4%3%2%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%102%101%100%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%3%2%2%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%-2%-1%0%-1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%72%75%77%77%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%95%108%104%93%109%
Program output ratio Program output ratio =
Program services /
Total revenue
78%69%81%80%71%89%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%5%-8%-4%7%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%4%-9%-4%9%-14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%23%22%21%21%17%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.210.560.670.640.610.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.283.834.093.703.634.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.982.132.762.362.233.16
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
19.9956.3062.4870.0643.2716.54
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.020.020.010.020.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.685.534.285.015.263.57
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%39%42%44%47%54%
Debt ratio Debt ratio =
Debt /
Total assets
0%33%37%37%38%42%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
78%109%85%88%86%63%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$513,421$538,511$505,850$651,813$535,304
Receivables, inventories, prepaids$60,765$4,549$148,019$54,266$58,683
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$574,186$543,060$653,869$706,079$593,987
Long-term investments$0$0$0$0$0
Fixed assets$1,610,706$1,660,082$1,750,785$1,842,141$1,932,048
Other long-term assets$16,228$15,806$16,533$18,260$19,989
Total long-term assets$1,626,934$1,675,888$1,767,318$1,860,401$1,952,037
Total assets$2,201,120$2,218,948$2,421,187$2,566,480$2,546,024
 
Liabilities20192018201720162015
Payables and accrued expenses$10,199$8,692$9,333$16,317$35,916
Other current liabilities$0$0$0$0$0
Total current liabilities$10,199$8,692$9,333$16,317$35,916
Debt$728,090$817,015$899,624$984,253$1,068,779
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$124,634$114,067$159,673$207,494$259,302
Total long-term liabilities$852,724$931,082$1,059,297$1,191,747$1,328,081
Total liabilities$862,923$939,774$1,068,630$1,208,064$1,363,997
 
Net assets20192018201720162015
Without donor restrictions$1,306,371$1,235,961$1,281,655$1,294,909$1,103,167
With donor restrictions$31,826$43,213$70,902$63,507$78,860
Net assets$1,338,197$1,279,174$1,352,557$1,358,416$1,182,027
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,273,344$1,406,752$1,503,765$1,706,044$1,739,153
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$1,559$1,030$1,401$1,448($8,619)
Other revenue$6,792($26,751)($13,915)($8,389)($15,329)
Total other revenue$8,351($25,721)($12,514)($6,941)($23,948)
Total revenue$1,281,695$1,381,031$1,491,251$1,699,103$1,715,205
 
Expenses20192018201720162015
Program services$884,189$1,122,035$1,188,237$1,212,099$1,532,249
Management and general$282,886$323,722$318,404$324,234$326,355
Fundraising$56,403$51,474$38,290$35,989$16,485
Total expenses$1,223,478$1,497,231$1,544,931$1,572,322$1,875,089
 
Change in net assets20192018201720162015
Surplus (deficit)$58,217($116,200)($53,680)$126,781($159,884)
Other changes in net assets$0$0$0$0$0
Total change in net assets$58,217($116,200)($53,680)$126,781($159,884)

Compensation

NameTitleCompensation
Dale RickardsExecutive Dir.$13,959

Compensation data as of: 12/31/2019


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 3/4/2021. To update the information below, please email: info@ministrywatch.com


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.