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American Bible Society/ ABS

Rating
Sector:

Publishing

Total
Revenue:

$42,646,000

Total
Expenses:

$75,491,000

Net
Assets:

$384,329,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 79.7% 130.1%
General & Admin 12.6% 11.8%
Fundraising 6.8% 25.7%
Savings .4% -77%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

The American Bible Society ("ABS") is a nondenominational bible society whose purpose is to provide the Holy Scriptures to every man, woman and child in a language and form that each can readily understand, and at a price each can easily afford. ABS carries out its mission through programs that address Scripture needs in the United States and around the world. ABS serves a number of Christian churches, denominations, and agencies in part by providing translations and publications that do not contain doctrinal notes or comments. ABS leaves teaching and explaining the Scriptures to its partner groups. ABS is one of more than 135 national organizations that have joined in the global fellowship of the United Bible Societies. It works with them in hundreds of translation, literacy, Scriptures distribution, and other projects. In addition to the multi-media translations and the expanding content of the ABS site on the World Wide Web, ABS continues to support translation projects around the world. The ABS Good News for New Readers series of Scripture texts helps the functionally illiterate improve their reading skills

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

Contact Information: [ Back to top ]

Mailing Address:1865 Broadway
New York, NY
10023-9980
Website: www.americanbible.org
Phone:(212) 408-1200, (800) 322-4253
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 131623885
CEO/President: Dr. Lamar Vest Tax Deductible: Yes
Chairman: Rev. Dennis C. Dickerson Fiscal Year End: June 30
Board Size: 30 Financial info from: 990
Founder: Mr. John Mason Member of ECFA: No
Year Founded: 1816 Member of ECFA since:

Purpose [ Back to top ]

The American Bible Society ("ABS") is a nondenominational bible society whose purpose is to provide the Holy Scriptures to every man, woman and child in a language and form that each can readily understand, and at a price each can easily afford. ABS carries out its mission through programs that address Scripture needs in the United States and around the world. ABS serves a number of Christian churches, denominations, and agencies in part by providing translations and publications that do not contain doctrinal notes or comments. ABS leaves teaching and explaining the Scriptures to its partner groups. ABS is one of more than 135 national organizations that have joined in the global fellowship of the United Bible Societies. It works with them in hundreds of translation, literacy, Scriptures distribution, and other projects. ABS has helped to provide hundreds of millions of Bibles and Portions of the Scriptures world-wide since its founding in 1816.

In addition to the multi-media translations and the expanding content of the ABS site on the World Wide Web (a site that includes a multi-translation Daily Bible Reading Guide, a growing amount of material from its archives and library, and interactive pages for kids), ABS continues to support translation projects around the world. The ABS Good News for New Readers series of Scripture texts helps the functionally illiterate improve their reading skills. ABS also is working in partnership with local institutions and churches in urban areas to strengthen families, improve health care, and deal with problems ranging from AIDS to homeless, poverty, and violence.

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

Mission Statement [ Back to top ]

The mission of the American Bible Society is to make the Bible available to every person in a language and format each can understand and afford so all people my experience its life-changing message.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

American Bible Society has not provided a Statement of Faith. At such time that MinistryWatch receives this information it will be posted immediately.

History [ Back to top ]

The American Bible Society was founded in 1816 by a group of national leaders - clergy, politicians, businessmen, and educators - who sought to motivate people to commit to providing and sharing the Holy Scriptures with everyone and who wanted to make the Bible available, affordable, and understandable. The American Bible Society was conceived as a provider of the Word - as a resource of Scripture for all of God's Children.

Ministry Needs [ Back to top ]

This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:10010/21/2011 4:09:49 PM: Descriptive information was abundant and thorough.
Level of Cooperation:10010/21/2011 4:10:04 PM: Answers to questions were thorough.
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankPublishing Sector
Overall Efficiency RatingStar339 of 347    8 of 8
Fund Acquisition DecisionStar344 of 347      8 of 8
Resource Allocation DecisionStarStar309 of 347      7 of 8
Asset Utilization DecisionStarStar267 of 347      8 of 8
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20102009200820072006
Return on FR Efforts10%33%32%32%21%21%
Fundraising Cost Ratio7%26%29%11%9%10%
Contributions Reliance83%79%90%34%44%48%
Fundraising Expense Ratio7%15%15%13%11%10%
Other Revenue Reliance17%21%10%66%56%52%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%74%73%69%74%75%
Spending Ratio100%177%188%81%85%107%
Program Output Ratio80%130%137%56%63%80%
Savings Ratio0%-77%-88%19%15%-7%
Reserve Accumulation Rate11%-9%-11%5%3%-1%
General & Admin Ratio13%12%12%18%15%16%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.8x.16x.17x.14x.14x.12x
Degree of L-T Investment2.85x1.56x1.4x1.37x1.27x1.43x
Current Asset Turnover5.26x.25x.24x.19x.17x.17x
Age of Assets9.7yr(s)8.6yr(s)11.9yr(s)10.8yr(s)11.1yr(s)9.6yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio2964.81x22.49x19.81x31.67x32.51x27.43x
Current Liabilities Ratio.31x.04x.05x.03x.03x.04x
Liquid Reserve Level4.96x46.45x47.39x60.92x67.06x68.51x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.23x.19x.3x.29x.3x.29x
Debt Ratio.06x0x0x0x0x0x
Reserve Coverage Ratio80%509%411%511%515%597%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$7,234,000$20,458,000$35,060,000$37,218,000$30,403,000
Receivables, Inventories & Prepaids$9,772,000$12,605,000$13,297,000$10,004,000$11,086,000
Short-Term Investments$288,829,000$334,204,000$432,649,000$545,259,000$448,271,000
Total Current Assets$305,836,000$367,269,000$481,007,000$592,481,000$489,761,000
Long-Term Investments$140,356,000$116,056,000$127,879,000$110,751,000$60,534,000
Fixed Assets$12,308,000$15,096,000$18,349,000$17,887,000$16,822,000
Other Long-Term Assets$18,111,000$16,108,000$31,033,000$31,725,000$131,351,000
Total Long-Term Assets$170,776,000$147,261,000$177,263,000$160,364,000$208,708,000
TOTAL ASSETS$476,613,000$514,530,000$658,270,000$752,846,000$698,469,000
Liabilities20102009200820072006
Payables & Accrued Expenses$7,919,000$12,912,000$8,854,000$10,972,000$11,308,000
Other Current Liabilities$5,679,000$5,622,000$6,334,000$7,249,000$6,544,000
Total Current Liabilities$13,598,000$18,534,000$15,188,000$18,222,000$17,852,000
Debt$0$0$0$0$0
Other Long-Term Liabilities$78,684,000$133,336,000$174,634,000$205,373,000$186,811,000
Total Long-Term Liabilities$78,684,000$133,336,000$174,634,000$205,373,000$186,811,000
TOTAL LIABILITIES$92,283,000$151,871,000$189,823,000$223,595,000$204,664,000
Assets20102009200820072006
Unrestricted$326,645,000$307,917,000$397,307,000$457,863,000$426,884,000
Temporarily Restricted$23,913,000$22,838,000$35,155,000$35,649,000$36,711,000
Permanently Restricted$33,771,000$31,903,000$35,984,000$35,738,000$30,209,000
NET ASSETS$384,329,000$362,658,000$468,447,000$529,251,000$493,805,000
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$33,608,000$42,388,000$38,712,000$53,093,000$37,472,000
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$2,097,000($1,733,000)$67,597,000$61,808,000$33,507,000
Other Revenue$6,940,000$6,342,000$6,735,000$5,585,000$6,292,000
Total Other Revenue$9,037,000$4,608,000$74,333,000$67,394,000$39,800,000
TOTAL REVENUE$42,646,000$46,997,000$113,045,000$120,487,000$77,272,000
Expenses20102009200820072006
Program Services$55,520,000$64,478,000$62,996,000$76,492,000$61,886,000
Management & General$8,972,000$10,348,000$16,381,000$15,255,000$12,881,000
Fundraising$10,998,000$13,481,000$12,376,000$11,007,000$7,886,000
TOTAL EXPENSES$75,491,000$88,308,000$91,755,000$102,755,000$82,654,000
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)($32,845,000)($41,311,000)$21,290,000$17,732,000($5,382,000)
Other Changes in Net Assets$0$0($82,094,000)$17,713,000$36,772,000
TOTAL CHANGE IN NET ASSETS($32,845,000)($41,311,000)($60,803,000)$35,445,000$31,390,000