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Carl Richardson Ministries, Inc.

Rating
Sector:

Educational Media

Total
Revenue:

$321,384

Total
Expenses:

$361,507

Net
Assets:

$19,600

Profile Changes

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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 82% 100.9%
General & Admin 12.6% 10.2%
Fundraising 6.2% 0%
Savings -1% -12.4%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Carl Richardson Ministries, Inc. ("CARM") is an international organization of evangelist Carl Richardson. CARM is heard daily around the world in 179 nations and the 50 United States through the internationally acclaimed "Oasis" radio broadcast. He has directed the international radio and television ministry of the Church of God for over twelve years. Rev. Richardson is perennially an elected member or his denomination's most prestigious deliberative body, the General Executive Council of the Church of God. His interpretive readings of The New Testament, "The Psalms and Proverbs", and "The Words of Jesus" continue to be bestsellers in bookstores across America and in many nations. He has authored 12 books, more than 100 booklets and numerous teaching tape albums. Richardson has conducted crusades in Moscow, Beijing, Seoul, Manila, Hanoi, Viet Nam and Havana. He and his wife, Beverly, have worked together with their ministry staff from their International Ministry Center located in Brandon, Florida in the Tampa Bay area for the last twelve years. 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:PO Box 1000
Brandon, FL
33509-3509
Website: www.beyondborders.com
Phone:(813) 661-2777, (800) 234-7327
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 592471263
CEO/President: Mr. Carl Richardson Tax Deductible: Yes
Chairman: Mr. Carl Richardson Fiscal Year End: December 31
Board Size: 3 Financial info from: 990
Founder: Mr. Carl Richardson Member of ECFA: No
Year Founded: 1985 Member of ECFA since:

Purpose [ Back to top ]

Carl Richardson Ministries, Inc. ("CARM") is an international organization of evangelist Carl Richardson. CARM is heard daily around the world in 179 nations and the 50 United States through the internationally acclaimed "Oasis" radio broadcast. He has directed the international radio and television ministry of the Church of God for over twelve years. Rev. Richardson is perennially an elected member or his denomination's most prestigious deliberative body, the General Executive Council of the Church of God. His interpretive readings of The New Testament, "The Psalms and Proverbs", and "The Words of Jesus" continue to be bestsellers in bookstores across America and in many nations. He has authored 12 books, more than 100 booklets and numerous teaching tape albums. Richardson has conducted crusades in Moscow, Beijing, Seoul, Manila, Hanoi, Viet Nam and Havana. He and his wife, Beverly, have worked together with their ministry staff from their International Ministry Center located in Brandon, Florida in the Tampa Bay area for the last twelve years. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.

Mission Statement [ Back to top ]

Need Mission Statement

Program Accomplishments [ Back to top ]

Carl Richardson has spoken to over 40,000 in the New Orleans Superdome, the Indiana RCA Hoosierdome, and Anaheim, California Convention Center. In 1986, he was the featured speaker to a trans-denominational open-air gathering in Pietersburg, South Africa to more than three million people, said to be the largest gathering in the history of Christianity.

Richardson's itinerary of conducting major church-planting crusades in world-class cities includes some of the globe's "hot-spots"; Moscow, Russia; Beijing, China; Seoul, Korea; Manila, Philippines; Hanoi, Viet Nam and Havana, Cuba. His previous crusades in South Africa and India have attracted 40,000 people per night.

In the year 1999 , Rev. Richardson was engaged in his most aggressive campaign ever, the Evangelism Beyond Borders "MILLION SOUL CRUSADE". Thank God there were a million plus souls won to God and still counting.

Through his key-leader networking partners in many nations, Rev. Richardson was successful in his crusade of faith to help win AND disciple a million souls by January 1, the year 2000. His focus was on those Final Frontiers of evangelism where more than 3 billion souls...one-half of the world's population, exists in poverty and despair. There is no time to waste in this new millennium. A million is not enough.

In Russia and the nations of the former Soviet Union, inside mainland China, and the nations of Islam, a practical strategy of planting 1,000 life-giving cell churches will put into effect the New Testament pattern of evangelism and discipleship. Individuals are being ministered to daily with inner-city churches and home-mission programs in the United States, and schools, medical centers, daycares and orphanages, and Bibles being translated into native languages around the globe.

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

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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:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStarStarStarStar77 of 353    6 of 40
Fund Acquisition DecisionStarStarStarStarStar6 of 353      2 of 40
Resource Allocation DecisionStarStarStarStar51 of 353      3 of 40
Asset Utilization DecisionStarStar287 of 353      31 of 40
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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 Average20072006200520042003
Return on FR Efforts9%0%0%0%0%0%
Fundraising Cost Ratio6%0%0%0%0%0%
Contributions Reliance83%100%80%79%0%0%
Fundraising Expense Ratio6%0%0%0%0%0%
Other Revenue Reliance17%0%20%21%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%90%91%76%0%0%
Spending Ratio101%112%153%111%0%0%
Program Output Ratio82%101%139%85%0%0%
Savings Ratio-1%-12%-53%-11%0%0%
Reserve Accumulation Rate2%-134%-107%-24%0%0%
General & Admin Ratio13%10%9%24%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.62x.88x2.16x1.64x0x0x
Degree of L-T Investment3x3.09x4.04x2.47x0x0x
Current Asset Turnover4.92x2.72x8.74x4.05x0x0x
Age of Assets9.6yr(s)14.6yr(s)7.8yr(s)6.9yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio117.87x0x2.71x7.42x0x0x
Current Liabilities Ratio.32x0x.37x.13x0x0x
Liquid Reserve Level5.67x4.42x.87x2.56x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x.98x.68x.4x0x0x
Debt Ratio.06x.98x.59x.35x0x0x
Reserve Coverage Ratio86%8%32%41%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$104,838$7,431$80,373$24,093$8,222
Receivables, Inventories & Prepaids$28,300$30,800$31,830$31,830$34,380
Short-Term Investments$0$0$0$0$0
Total Current Assets$133,138$38,231$112,203$55,923$42,602
Long-Term Investments$0$0$0$0$0
Fixed Assets$270,227$108,170$156,486$314,311$337,915
Other Long-Term Assets$7,967$7,967$7,967$7,967$172,271
Total Long-Term Assets$278,194$116,137$164,453$322,278$510,186
TOTAL ASSETS$411,332$154,368$276,656$378,201$552,788
Liabilities20072006200520042003
Payables & Accrued Expenses$0$14,087$15,116$39,622$0
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$0$14,087$15,116$39,622$0
Debt$401,532$90,358$96,628$128,528$194,283
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$401,532$90,358$96,628$128,528$194,283
TOTAL LIABILITIES$401,532$104,445$111,744$168,150$194,283
Assets20072006200520042003
Unrestricted$9,800$49,923$164,912$210,051$358,506
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$19,600$0$329,824$420,102$358,506
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$319,970$175,781$322,194$372,044$284,788
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$1,414$181$87,206($84,230)($89,151)
Other Revenue$0$43,057$0$0$0
Total Other Revenue$1,414$43,238$87,206($84,230)($89,151)
TOTAL REVENUE$321,384$219,019$409,400$287,814$195,637
Expenses20072006200520042003
Program Services$324,528$303,873$347,171$345,959$288,244
Management & General$36,979$30,135$107,368$90,309$60,932
Fundraising$0$0$0$0$0
TOTAL EXPENSES$361,507$334,008$454,539$436,268$349,176
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($40,123)($114,989)($45,139)($148,454)($153,539)
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS($40,123)($114,989)($45,139)($148,454)($153,539)

Functional Expenses [ Back to top ]

Funding Ratios20072006200520042003
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$28,474$20,849$12,170$35,473$34,646
Other Salaries, Wages$0$87,459$94,135$76,072$79,472
Pension Plan Contributions$0$12,199$40,900$8,000$2,000
Other Employee Benefits$0$9,850$0$0$29,926
Payroll Taxes$0$9,621$9,947$6,846$6,081
Professional Fundraising Fees$0$0$0$0$2,831
Accounting Fees$990$0$0$0$0
Legal Fees$0$126$0$0$0
Supplies$18,721$31,282$92,594$25,260$32,228
Telephone$8,882$0$0$11,064$3,883
Postage & Shipping$5,863$6,876$0$0$5,274
Occupancy$44,362$28,297$37,379$34,140$19,108
Equipment Rental & Maintenance$0$0$0$0$0
Printing & Publications$0$0$0$0$0
Travel$39,618$35,094$19,052$65,626$18,995
Conferences, Conventions & Meetings$0$0$5,889$6,164$0
Interest$25,650$7,730$0$17,345$21,447
Depreciation, Depletion etc.$27,745$48,316$47,825$23,700$28,779
Other Expenses$161,202$36,309$94,648$129,578$64,506
Total Functional Expenses$361,507$334,008$454,539$439,268$349,176