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Answers in Genesis / AIG/ Ken Ham

Rating
Sector:

Christian Growth

Total
Revenue:

$22,733,000

Total
Expenses:

$20,625,000

Net
Assets:

$16,073,000

Profile Changes

Click here to request changes to any of the non-financial content for a given ministry.

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 82% 73.9%
General & Admin 12.6% 11.8%
Fundraising 6.2% 6%
Savings -1% 9.2%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Answers in Genesis ("AiG"), was organized to uphold and proclaim the authority and accuracy of the Bible from its very first verse. AiG provides seminars, a new Creation Museum, lectures and debates to the general public, colleges, universities and churches on the topics of Biblical apologetics. The goal of AiG is to support the Church in fulfilling its commission. The strategic plan of AiG is to provide answers from Genesis to make Jesus Christ, our Creator and Redeemer, relevant to the Church and world today.

AiG is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by the law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:PO Box 510 2800 Bullittsburg Church Rd, Petersburg KY 41080
Hebron, KY
41048-1048
Website: www.answersingenesis.org
Phone:(859) 727-2222, (800) 778-3390
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 330596423
CEO/President: Mr. Ken Ham Tax Deductible: Yes
Chairman: Pastor Don Landis Fiscal Year End: June 30
Board Size: 5 Financial info from: 990
Founder: Mr. Ken Ham Member of ECFA: Yes
Year Founded: 1993 Member of ECFA since: 1998

Purpose [ Back to top ]

Answers in Genesis ("AiG") was organized to uphold and proclaim the authority and accuracy of the Bible from its very first verse.

AiG provides seminars, a new Creation Museum, lectures and debates to the general public, colleges, universities and churches on the topics of Biblical apologetics. The goal of AiG is to support the Church in fulfilling its commission. The strategic plan of AiG is to provide answers from Genesis to make Jesus Christ, our Creator and Redeemer, relevant to the Church and world today.

AiG is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by the law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

AiG uses the following to express its mission statement:

GOAL: TO SUPPORT THE CHURCH IN FULFILLING ITS COMMISSION.

"And Jesus came and spake unto them, saying, All power is given unto me in heaven and in earth. Go ye therefore, and teach all nations, baptizing them in the name of the Father, and of the Son, and of the Holy Ghost: Teaching them to observe all things whatsoever I have commanded you: and, lo, I am with you always, even unto the end of the earth".
Matthew 28: 18-20

"And he gave some apostles; and some, prophets; and some, evangelists; and some, pastors and teachers; For the perfecting of the saints, for the work of the ministry, for the edifying of the body of Christ".
Ephesians 4:11-12

MISSION: TO BRING REFORMATION BY RESTORING THE FOUNDATIONS OF OUR FAITH WHICH ARE CONTAINED IN THE BOOK OF GENESIS.

"If the foundations be destroyed, what can the righteous do?"
Psalm 11:3

"And they that shall be of thee shall build the old waste places: Thou shalt raise up the foundations of many generations; and thou shalt be called, the repairer of the breach, the restorer of paths to dwell in".
Isaiah 58:12

STRATEGIC PLAN: TO PROVIDE ANSWERS FROM GENESIS TO MAKE JESUS CHRIST, OUR CREATOR AND REDEEMER, RELEVANT TO THE CHURCH AND WORLD TODAY.

"Thou art worthy, O Lord, to receive glory and honor and power: for thou hast created all things, and for thy pleasure they are and were created".
Revelation 4:11

"And they sung a new song, saying, Thou art worthy to take the book, and to open the seals thereof: for thou has redeemed us to God by thy blood out of every kindred, and tongue, and people, and nation.
Revelation 5:9

Program Accomplishments [ Back to top ]

  • AiG moved into its new headquarters building in 2004 that is located next to the Creation Museum (which opened in May 2007). There is a total of 95,000 square feet (future museum and new offices), on 50 acres of land. Up until 2004, the staff was working out of four separate offices. Each museum exhigit and video points to the accuracy of the Bible and challenge visitors to accept its message.
  • By the end of 2007, the museum had attracted almost 300,000 visitors (in seven months) and dozens of the world's media.
  • Dr. Jason Lisle, who holds a Ph.D. in astrophysics, was hired as a full time speaker for AiG’s teaching meetings. He will also be active in designing planetarium programs for the creation museum. Over 90,000 young people and adults were reached at AiG’s 2007 teaching meetings.
  • AiG joined Gospel Literature Services in recruiting 139 Americans who distributed AiG witnessing booklets (in nine languages) — and shared their faith one-on-one — at the Olympic Games in Athens. At least 70 people received the Lord there and an additional 500 others at the Olympics wrote to request follow-up materials.
  • AiG’s website, AnswersinGenesis.org, has become one of the most-visited religious websites in the world. There are one million visits a month (over three million “hits” or page views” per month).
  • In October, on the 10th anniversary of the Answers...with Ken Ham radio program, AiG recorded its first batch of radio programs in its new studios. At last count, more than 900 radio stations in the US carry the program.


Statement of Faith [ Back to top ]

AiG uses the following to communicate its values:

I. PRIORITIES

A. The scientific aspects of Creation are important, but are secondary in importance to the proclamation of the Gospel of Jesus Christ as Sovereign, Creator, Redeemer, and Judge.

B. The doctrines of the Creator and the Creation cannot ultimately be divorced from the Gospel of Jesus Christ.
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II. BASICS

A. The Bible is the written Word of God. It is divinely inspired and inerrant throughout. Its assertions are factually true in all the original autographs. It is the supreme authority in all matters of faith and conduct.

B. The final guide to the interpretation of Scripture is Scripture itself.

C. The account of origins presented in Genesis is a simple but factual presentation of actual events and therefore provides a reliable framework for scientific research into the question of the origin and history of life, mankind, the Earth, and the universe.

D. The various original life forms ("kinds"), including mankind, were made by direct creative acts of God. The living descendants of any of the original kinds (apart from man) may represent more than one species today, reflecting the genetic potential within the original kind. Only limited biological changes (including mutational deterioration) have occurred naturally within each kind since Creation.

E. The great flood of Genesis was an actual historic event, worldwide (global) in its extent and effect.

F. The special creation of Adam (as one man) and Eve (as one woman), and their subsequent fall into sin, is the basis for the necessity of salvation for mankind.

G. Death, both physical and spiritual, entered into this world subsequent to--and as a direct consequence of--man's sin.
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III. THEOLOGY

A. All of mankind are sinners, inherently from Adam and individually (by choice), and are therefore subject to God's wrath and condemnation.

B. The Godhead is Triune--God the Father, God the Son, and God the Holy Spirit.

C. Freedom from the penalty and power of sin is available to man only through the sacrificial death and shed blood of Jesus Christ, and His complete and bodily resurrection from the dead.

D. The Holy Spirit enables the sinner to repent and believe in Jesus Christ.

E. The Holy Spirit lives and works in each believer to produce the fruits of righteousness.

F. Salvation is a gift received by faith and expressed in the individual's repentance, recognition of the death of Christ as full payment for sin, and acceptance of the risen Christ as Savior, Lord, and God.

G. Jesus Christ was conceived by the Holy Spirit and born of the Virgin Mary.

H. Jesus Christ rose from the dead, ascended to Heaven, and is currently seated at the right hand of God the Father, and shall return in person to this Earth as Judge of the living and the dead.

I. Satan is the personal spiritual adversary of both God and man.

J. Those who do not believe in Christ are subject to everlasting conscious punishment, but believers enjoy eternal life with God.
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IV. GENERAL

The following are held by members of the Board of Answers in Genesis to be either consistent with Scripture or implied by Scripture. All persons wishing to become members of the board are expected to hold these views:

A. Scripture teaches a recent origin for man and the whole Creation.

B. The days in Genesis do not correspond to geologic ages, but are six (6) consecutive twenty-four (24) hour days of Creation.

C. The Noachian flood was a significant geological event and much (but not all) fossiliferous sediment originated at that time.

D. The "gap" theory has no basis in Scripture.

E. The view, commonly used to evade the implications or the authority of Biblical teaching, that knowledge and/or truth may be divided into "secular" and "religious" is rejected.

F. By definition, no apparent, perceived, or claimed evidence in any field, including history and chronology, can be valid if it contradicts the Scriptural record. Of primary importance is the fact that evidence is always subject to interpretation by fallible people who do not possess all information.

History [ Back to top ]

AiG began its outreach in 1994 and was started by Ken Ham, CEO, Mike Zovath, VP of the Creation Museum, and Mark Looy, CCO. AiG-US has a sister ministry in England sharing a common mission statement and statement of faith.

Ministry Needs [ Back to top ]

AiG requests prayer for:

Analyst Comments [ Back to top ]

Answers in Genesis listed by MinistryWatch.com as a Shining Light ‘Top 30’ Exemplary Ministry. This is the 3rd year it has made the MinistryWatch.com “Shining Light” list.

MinistryWatch.com desires to see overall giving to Biblical Christian values increase and as such we developed this format to highlight those ministries which are exemplary. The list is a sampling of the “best ministries” and outstanding examples when we consider Philippians 4:8 and weigh and take account of those ministries that are excellent and worthy of praise.

These ministries are called ‘Shining Lights’ because they are indeed models of letting their Christian light shine before men so that the Gospel may be proclaimed and God be glorified. Consequently, we are shining a figurative light on them so that donors may be aware of their good works and other ministries may learn from their examples.

While identifying the best ministries is challenging given the selfless work that so many do for the cause of Christ, MinistryWatch.com believes that the list of 30 excellent ministries will be helpful to many. Each of the ministries has the following important features in common:

  • They have a legitimate nonprofit ministry and purpose.
  • Have shown a willingness to treat donors fairly via a Transparency Grade of “A”.
  • Are unashamed of being identified as an evangelical Christian ministry.
  • MinistryWatch.com researchers knows of no significant issues that would be of concern to donors.
A high MinistryWatch.com Financial Efficiency Rating was not a requirement for inclusion on this list although most do have good ratings. Many factors were reviewed and strengths in other areas can offset weakness in financial efficiency when determining whether a ministry should be of interest to donors seeking to be good stewards of their giving. Only you can decide for yourself with confidence if a ministry shares your values and with your giving plan.

This is just another step in our mission of encouraging Christians to give more of their talents and resources to Kingdom-building efforts. In short, we wish to help spread the Gospel of Christ by helping Christians give more and more effectively to the works of the Lord. If the Lord uses our list as part of that process, we will have been a blessing to both those ministries who have been ‘good and faithful servants’ with the Lord’s resources and to Christian donors who are seeking to be good stewards of their giving.

Ministry Statement or Response [ Back to top ]

Answers in Genesis has responded by saying they will have a response to post once new information is posted to their profile

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20082007200620052004
Return on FR Efforts9%14%11%14%13%0%
Fundraising Cost Ratio6%6%8%10%10%0%
Contributions Reliance83%42%74%71%73%0%
Fundraising Expense Ratio6%7%9%11%10%0%
Other Revenue Reliance17%58%26%29%27%0%
Operating RatiosDatabase Average20082007200620052004
Program Expense Ratio81%81%77%73%76%0%
Spending Ratio101%91%95%90%93%0%
Program Output Ratio82%74%73%65%71%0%
Savings Ratio-1%9%5%10%7%0%
Reserve Accumulation Rate2%14%6%11%3%0%
General & Admin Ratio13%12%14%16%14%0%
Investing RatiosDatabase Average20082007200620052004
Total Asset Turnover2.62x.69x.56x.59x.29x0x
Degree of L-T Investment3x15.14x17.78x9.93x5.76x0x
Current Asset Turnover4.92x10.43x10x5.91x1.64x0x
Age of Assets9.6yr(s)2.1yr(s)3yr(s)2.8yr(s)4.3yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20082007200620052004
Current Ratio117.87x.25x.18x.42x.85x0x
Current Liabilities Ratio.32x3.97x5.65x2.37x1.17x0x
Liquid Reserve Level5.67x-3.27x-5.58x-2.79x-1.28x0x
Solvency RatiosDatabase Average20082007200620052004
Liabilities Ratio.23x.46x.54x.36x.34x0x
Debt Ratio.06x.2x.22x.13x.13x0x
Reserve Coverage Ratio86%73%80%101%228%0%

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$194,000$269,000$507,000$1,667,000$2,512,000
Receivables, Inventories & Prepaids$1,783,000$1,425,000$1,568,000$1,396,000$1,347,000
Short-Term Investments$0$0$0$0$0
Total Current Assets$1,977,000$1,695,000$2,075,000$3,063,000$3,860,000
Long-Term Investments$674,000$490,000$490,000$0$0
Fixed Assets$26,758,000$27,434,000$13,352,000$14,311,000$13,459,000
Other Long-Term Assets$526,000$535,000$4,693,000$281,000$48,000
Total Long-Term Assets$27,958,000$28,459,000$18,536,000$14,593,000$13,508,000
TOTAL ASSETS$29,936,000$30,155,000$20,612,000$17,656,000$17,368,000
Liabilities20082007200620052004
Payables & Accrued Expenses$2,189,000$4,525,000$1,381,000$1,023,000$965,000
Other Current Liabilities$5,657,000$5,054,000$3,543,000$2,575,000$1,592,000
Total Current Liabilities$7,847,000$9,580,000$4,924,000$3,599,000$2,557,000
Debt$5,927,000$6,535,000$2,593,000$2,383,000$3,528,000
Other Long-Term Liabilities$88,000$73,000$0$0$0
Total Long-Term Liabilities$6,015,000$6,609,000$2,593,000$2,383,000$3,528,000
TOTAL LIABILITIES$13,863,000$16,189,000$7,517,000$5,982,000$6,086,000
Assets20082007200620052004
Unrestricted$15,322,000$13,727,000$12,718,000$11,545,000$11,193,000
Temporarily Restricted$750,000$237,000$375,000$128,000$88,000
Permanently Restricted$0$0$0$0$0
NET ASSETS$16,073,000$13,965,000$13,094,000$11,673,000$11,282,000
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$9,622,000$13,104,000$9,753,000$3,978,000$7,754,000
Program Service Revenue$6,594,000$892,000$1,063,000$270,000$629,000
Membership Dues$0$0$0$0$0
Investment Income$93,000$58,000$59,000$43,000$1,000
Other Revenue$6,423,000$3,765,000$2,799,000$1,138,000$2,038,000
Total Other Revenue$13,110,000$4,716,000$3,922,000$1,451,000$2,668,000
TOTAL REVENUE$22,733,000$17,821,000$13,675,000$5,429,000$10,423,000
Expenses20082007200620052004
Program Services$16,808,000$13,069,000$8,944,000$3,830,000$6,406,000
Management & General$2,441,000$2,394,000$1,912,000$688,000$1,013,000
Fundraising$1,375,000$1,492,000$1,401,000$519,000$901,000
TOTAL EXPENSES$20,625,000$16,956,000$12,257,000$5,038,000$8,320,000
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)$2,107,000$865,000$1,417,000$391,000$2,102,000
Other Changes in Net Assets$0$6,000$2,000$0$94,000
TOTAL CHANGE IN NET ASSETS$2,107,000$871,000$1,420,000$391,000$2,197,000

Functional Expenses [ Back to top ]

Funding Ratios20082007200620052004
Grants & Allocations$0$0$0$0$0
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$954,000$921,000$987,000$369,000$926,000
Other Salaries, Wages$8,001,000$6,986,000$4,877,000$1,918,000$2,852,000
Pension Plan Contributions$0$0$0$28,000$0
Other Employee Benefits$1,360,000$850,000$514,000$242,000$399,000
Payroll Taxes$599,000$576,000$406,000$168,000$307,000
Professional Fundraising Fees$0$0$0$0$0
Accounting Fees$0$0$0$0$0
Legal Fees$0$0$0$0$0
Supplies$887,000$1,158,000$839,000$153,000$256,000
Telephone$0$0$0$0$0
Postage & Shipping$594,000$557,000$518,000$272,000$432,000
Occupancy$571,000$414,000$420,000$90,000$277,000
Equipment Rental & Maintenance$200,000$609,000$319,000$104,000$123,000
Printing & Publications$884,000$635,000$512,000$232,000$444,000
Travel$648,000$762,000$672,000$254,000$378,000
Conferences, Conventions & Meetings$0$0$0$100,000$0
Interest$555,000$308,000$100,000$38,000$42,000
Depreciation, Depletion etc.$2,628,000$1,024,000$736,000$323,000$338,000
Other Expenses$2,738,000$2,151,000$1,352,000$739,000$1,541,000
Total Functional Expenses$20,625,000$16,956,000$12,257,000$5,038,000$8,320,000