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Audio Scripture Ministries

Rating
Sector:

Evangelism Support

Total
Revenue:

$708,788

Total
Expenses:

$625,139

Net
Assets:

$863,058

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.4% 69.1%
General & Admin 12.4% 13.6%
Fundraising 6.3% 7%
Savings 0% 11.8%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Audio Scripture Ministries ("ASM") strives for the furtherance of the Gospel of Jesus Christ throughout the world via production and distribution of communications media. ASM is committed to seeing that all translated New Testaments available in print form are also recorded and made available in audio form. ASM believe that there remains a foundational, essential, unfinished task in world mission today. They believe that that task is to provide the translated Scriptures in audio form for all who cannot read and for ministries among ethnic peoples in multi-lingual settings. ASM began in 1967 as Portable Recording Ministries and changed its name to Audio Scripture Ministries in 1996, and is not affiliated in any way with Audio Scriptures International. 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:760 Waverly Rd
Holland, MI
49423-9423
Website: www.ASMToday.org
Phone:(616) 396-5291, (800) 333-1616
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 236296186
CEO/President: Mr. Tom Dudenhofer Tax Deductible: Yes
Chairman: Mr. Art Brooks Fiscal Year End: September 30
Board Size: 9 Financial info from: 990
Founder: Dr. Ronald Beery Member of ECFA: Yes
Year Founded: 1967 Member of ECFA since: 2001

Purpose [ Back to top ]

Audio Scripture Ministries ("ASM") strives for the furtherance of the Gospel of Jesus Christ throughout the world via production and distribution of communications media. ASM is committed to seeing that all translated New Testaments available in print form are also recorded and made available in audio form. ASM believe that there remains a foundational, essential, unfinished task in world mission today. They believe that that task is to provide the translated Scriptures in audio form for all who cannot read and for ministries among ethnic peoples in multi-lingual settings. ASM began in 1967 as Portable Recording Ministries and changed its name to Audio Scripture Ministries in 1996, and is not affiliated in any way with Audio Scriptures International.

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

Mission Statement [ Back to top ]

Audio Scripture Ministries expresses its mission statement as follows:

Audio Scripture Ministries is committed to providing the translated Scriptures in audio that all may hear in their own language.

Our mission directs us to:

  1. Produce audio recording of the Scripture in each language needed by people groups around the world.
  2. Make Scripture recordings available in suitable formats for distribution either directly or through various other ministries to non-Christians and Christians whether living in their homelands or elsewhere.
  3. Encourage the formations of an active, cooperative team effort by all possible organizations, urgently focusing on the goal of providing the Scriptures in audio form wherever needed.
  4. Encourage and assist overseas ministries by making equipment and technical services available.
  5. Cooperate with existing local church and mission organizations to encourage and assist follow-up and continued Christian growth of all who respond to God?s Word.

    Program Accomplishments [ Back to top ]

    Audio Scripture Ministries played significant roles in the development and production of hand-powered, solar-powered cassette players. ASM has also played a significant role in assisting missionaries and others to locate audio and other equipment suitable for various ministry locations.

    Three of the four regional recording studios brought into existence by PRM (now ASM) are fully independent, and two are completely run by local, national believers. The Africa regional center is completely run by Africans, but corporately affiliated with the US headquarters in Holland, Michigan.

    Statement of Faith [ Back to top ]

    Audio Scripture Ministries subscribes to the following doctrinal statement:

    We believe --
    In one God, in three persons: Father, Son, and Holy Spirit.
    That all humanity has sinned and thus is separated from God.
    The Bible to be God?s only written and imperative message to man: verbally inspired by God, and without error in the original writings.
    In Jesus Christ, who though God Himself, entered into human flesh: conceived by the Holy Spirit, born of the virgin Mary.
    That Jesus Christ, the only Mediator between God and man, died for our sins, the sinless for the sinful.
    That Christ arose bodily from the dead, conquering the power of death.
    That all who place their faith in Him are accounted to be upright before God and are born into His Spiritual family by His act of grace and mercy.
    That Christ ascended into heaven where He is our High Priest, and speaks in our defense before God.
    That The Holy Spirit lives in each believer and desires to enable each one to live a life of victory over sin and of service to Christ. That good works are the fruit resulting from, but not counting toward spiritual rebirth and salvation, and are indicative of true repentance and faith.
    In the personal return of Jesus Christ at any moment.
    In the bodily resurrection of believers to eternal life in God?s presence and unbelievers to everlasting punishment and separation from God.
    In the command of God through Christ to every Christian that His Gospel must be made known to every living person by every effective means possible.

    History [ Back to top ]

    Audio Scripture Ministries began in 1967 under the direction of Dr. Ronald Beery. Dr. Beery left a teaching position as Physics Professor at Hope College in Holland, Michigan to develop a new technology at that time ? cassette players. Then called Portable Recording Ministries, International (PRM), the technical missionary service organization pursued development of players that could be used in remote locations. The players were hand powered, with solar panels and battery backups available. Cooperating with other mission organizations, PRM was able to see the fulfillment of a vision with the manufacturing run of several versions of players. Thousands upon thousands of players have been distributed around the world as a result of this early emphasis. Along with the players, PRM began to enable the recording of translated scriptures by providing support and equipment and training. Regional recording studios were started by PRM in Singapore; Bangalore, India; Dhaka, Bangladesh, and Nairobi, Kenya. PRM also established village listening programs for the distribution of the recorded scriptures.

    In 1996, an attempted merger with Audio Scriptures International changed the name of PRM to Audio Scripture Ministries. ASI later withdrew from the merger, but the name, Audio Scripture Ministries has remained.

    ASM continues to support overseas regional recording studios. In May, 2000, the board of directors appointed Tom Dudenhofer as executive director. Dr. Beery remains as president and is currently doing research and development for a new "breed" of audio scripture players. ASM is currently seeking to partner with Bible translation efforts to provide scripture in audio for language groups not yet able to read, and to encourage literacy.

    Ministry Needs [ Back to top ]

    Audio Scripture Ministries has expressed its needs as follows:

    Audio Scripture Ministries is a faith mission, and thus, dependent on God to supply needs through His people. Presently, ASM is seeking to strengthen monthly operational support in preparation for new partnering opportunities.

    In August, 2000, the Board of Directors established a "Scripture Player Fund" to raise money for a critical new production run of "Tape Talk" cassette players. With thousands of requests from around the world, ASM seeks funding from individuals, churches and organizations. These funds, as God provides, will finance a minimum run of 20,000 player units. ASM would oversee distribution of these units, as it has done with other organizations for over 20 years. Interested parties may contact Audio Scripture Ministries at 616 396 5291, 1-800-333-1616 or e-mail at asm@audioscriptureministries.org

    Research Analysis

    Transparency Grade [ Back to top ]

    Transparency Grade of : A
    Criteria categoryGradeOther Comments
    Timeliness:100
    Financial Information:100
    Foundational Clarity:
    Level of Cooperation:
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    MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

    Ranking CategoryRatingOverall RankEvangelism Support Sector
    Overall Efficiency RatingStarStar266 of 352    24 of 35
    Fund Acquisition DecisionStarStarStar192 of 352      20 of 35
    Resource Allocation DecisionStarStarStar237 of 352      26 of 35
    Asset Utilization DecisionStarStar286 of 352      27 of 35
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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 Average20082007200620052004
Return on FR Efforts9%7%11%12%16%0%
Fundraising Cost Ratio6%7%10%11%15%0%
Contributions Reliance83%97%96%97%95%0%
Fundraising Expense Ratio6%8%11%14%15%0%
Other Revenue Reliance17%3%4%3%5%0%
Operating RatiosDatabase Average20082007200620052004
Program Expense Ratio81%78%72%70%63%0%
Spending Ratio100%88%92%79%102%0%
Program Output Ratio81%69%67%55%65%0%
Savings Ratio0%12%8%21%-2%0%
Reserve Accumulation Rate2%10%6%21%-1%0%
General & Admin Ratio12%14%17%16%22%0%
Investing RatiosDatabase Average20082007200620052004
Total Asset Turnover2.57x.68x.68x.68x.63x0x
Degree of L-T Investment2.91x2.51x3.38x3.93x8.36x0x
Current Asset Turnover4.77x1.7x2.29x2.66x5.27x0x
Age of Assets9.5yr(s)12.9yr(s)12yr(s)10.9yr(s)10yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20082007200620052004
Current Ratio122.32x34.81x29.1x13.12x6.15x0x
Current Liabilities Ratio.32x.03x.03x.08x.16x0x
Liquid Reserve Level5.81x6.84x5.06x4.16x1.91x0x
Solvency RatiosDatabase Average20082007200620052004
Liabilities Ratio.23x.06x.03x.06x.11x0x
Debt Ratio.06x0x0x0x.04x0x
Reserve Coverage Ratio87%131%139%126%143%0%

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$340,054$217,108$158,864$29,486$27,830
Receivables, Inventories & Prepaids$26,745$21,502$40,049$50,502$58,875
Short-Term Investments$0$0$0$0$0
Total Current Assets$366,799$238,610$198,913$79,988$86,705
Long-Term Investments$42,084$39,911$37,877$36,599$35,567
Fixed Assets$511,872$528,535$544,800$552,175$570,753
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$553,956$568,446$582,677$588,774$606,320
TOTAL ASSETS$920,755$807,056$781,590$668,762$693,025
Liabilities20082007200620052004
Payables & Accrued Expenses$10,537$8,200$15,158$13,001$17,193
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$10,537$8,200$15,158$13,001$17,193
Debt$0$0$0$24,545$35,610
Other Long-Term Liabilities$47,160$19,447$31,313$34,656$35,101
Total Long-Term Liabilities$47,160$19,447$31,313$59,201$70,711
TOTAL LIABILITIES$57,697$27,647$46,471$72,202$87,904
Assets20082007200620052004
Unrestricted$607,446$633,771$658,278$573,427$605,121
Temporarily Restricted$255,612$145,638$76,841$23,133$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$863,058$779,409$735,119$596,560$605,121
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$690,262$567,128$645,635$393,911$402,696
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$18,526$23,383$21,944$18,966$13,227
Other Revenue$0$0$0$0$0
Total Other Revenue$18,526$23,383$21,944$18,966$13,227
TOTAL REVENUE$708,788$590,511$667,579$412,877$415,923
Expenses20082007200620052004
Program Services$490,052$395,693$368,322$266,312$281,847
Management & General$85,097$90,792$85,681$92,064$84,735
Fundraising$49,990$59,736$75,630$63,062$67,054
TOTAL EXPENSES$625,139$546,221$529,633$421,438$433,636
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)$83,649$44,290$137,946($8,561)($17,713)
Other Changes in Net Assets$0$0$613$0$0
TOTAL CHANGE IN NET ASSETS$83,649$44,290$138,559($8,561)($17,713)

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$96,260$96,637$84,094$57,718$50,880
Other Salaries, Wages$36,316$31,982$31,497$47,768$46,056
Pension Plan Contributions$0$0$0$0$0
Other Employee Benefits$25,033$0$22,920$18,852$21,446
Payroll Taxes$15,908$28,084$11,114$9,655$6,862
Professional Fundraising Fees$0$14,267$0$0$0
Accounting Fees$8,429$0$8,875$9,725$11,766
Legal Fees$0$7,680$0$0$0
Supplies$10,580$0$9,598$8,219$7,712
Telephone$2,507$13,881$3,732$848$1,836
Postage & Shipping$5,242$3,305$5,937$5,541$9,307
Occupancy$12,767$8,073$0$0$0
Equipment Rental & Maintenance$0$0$0$0$0
Printing & Publications$22,059$0$29,966$25,809$26,924
Travel$3,606$18,608$2,163$5,266$1,013
Conferences, Conventions & Meetings$0$11,480$0$0$0
Interest$0$0$1,209$1,802$2,167
Depreciation, Depletion etc.$16,664$17,520$17,875$18,543$21,586
Other Expenses$369,768$294,704$300,653$211,692$226,081
TOTAL NATURAL EXPENSES$625,139$546,221$529,633$421,438$433,636