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Champions for Life/ Bill Glass

Rating
Sector:

Evangelism

Total
Revenue:

$2,702,018

Total
Expenses:

$2,609,933

Net
Assets:

$576,114
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 79.7% 82.8%
General & Admin 12.6% 10.9%
Fundraising 6.8% 3.2%
Savings .4% 3.4%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Founded in 1969 by Bill Glass, Champions for Life ("CFL') strives to evangelize individuals in prisons, schools, and cities-throughout America. The vision for the ministry is to significantly expand the scope and effectiveness of its key areas of ministry: prison evangelism, citywide celebrations, and youth outreach programs, while maintaining or increasing the quality of each program.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:PO Box 761101
Dallas, TX
75376-1101
Website: www.billglasscfl.org
Phone:(972) 298-1101
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 752733954
CEO/President: Mr. James Subers Tax Deductible: Yes
Chairman: Mr. Steve Luce Fiscal Year End: June 30
Board Size: 21 Financial info from: 990
Founder: Mr. Bill Glass Member of ECFA: Yes
Year Founded: 1969 Member of ECFA since: 1988

Purpose [ Back to top ]

Champions for Life ("CFL") is unique because they equip Christians for front-line evangelism and immediately put the soldiers for Christ on the front line in the world’s cities, schools and prisons. They like to say that their Ministry is 10% training and 90% application. CFL strives to evangelize individuals in prisons, schools, and cities-throughout America. The vision for the ministry is to significantly expand the scope and effectiveness of its key areas of ministry: prison evangelism, citywide celebrations, and youth outreach programs, while maintaining or increasing the quality of each program.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Formerly Bill Glass Ministries, the name Champions for Life was adopted January 1, 2002. All those who come to know Christ as savior are “eternal winners,” hence the name “Champions for Life.”

Note: In 2004 the Organization changed its fiscal year from Deccember 31 to June 30. As a result, the latest financial statements are for a six month period only and will not be rated. The latest rating on 2003 financial data will stand until the next full reporting year.

Mission Statement [ Back to top ]

Champions for Life uses the following to communicate its mission:

To train, mobilize and prepare Christian volunteers for frontline evangelism in prisons, schools and cities so that the body of Christ is equipped and motivated to evangelize the world.

Program Accomplishments [ Back to top ]

  • Champions for Life has gone in front of 2,874,801 people with the Gospel of Jesus Christ, and 844,537 alone were youth under 20 years of age.
  • The Good News was shared by 87,312 Christian volunteers.
  • In the last two years alone, 5,712 first-time volunteers were trained to share their faith.
  • Since 1992, 623,372 people accepted Christ as Savior, redirected their lives to Jesus or were reassured of their salvation. Of these totals 203,956 were youth.
  • In 2005, Champions hope to conduct Weekend of Champions or Day of Champions in 600 prisons annually across America, with 50,000 active teammates and 200,000 decisions annually.
  • They will hold their first Virginia WOC event coming in the summer of 2005.
  • Champions will have their first full-scale International Missions Trip in 2005; which includes taking a team of 75-100 volunteer teammates to minister in International prisons.

    Statement of Faith [ Back to top ]

    Champions for Life uses the following to communicate its faith:

    We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

    We believe that there is one God, eternally existent in three persons: Father, Son and Holy Spirit.

    We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His personal return in power and glory.

    We believe that for the salvation of lost and sinful man, regeneration by the Holy Spirit is absolutely essential.

    We believe in the present ministry of the Holy Spirit, by whose dwelling, the Christian is enabled to live a Godly life.

    We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

    We believe in the spiritual unity of believers in our Lord Jesus Christ.

    History [ Back to top ]

    In February 1969 the Bill Glass Evangelistic Association, Inc. was incorporated to proclaim and to publish the Gospel of the Lord Jesus Christ throughout the world. Effective January 1, 1987, the affiliate responsible for conducting prison ministries in several States merged its operations into the Bill Glass Evangelistic Association, Inc. Effective November 1995 the organization changed its name to Bill Glass Ministries. On January 1, 2002, the name Champions for Life was adopted.

    Ministry Needs [ Back to top ]

    Champions for Life asks for prayer in these specific areas:

    1. Openness to the Holy Spirit
    2. Safety and protection while traveling to and from prisons
    3. A 35% increase in new volunteer Teammates to share Christ in prison
    4. Adequate financing to share Christ with almost 250,000 inmates


    Champions for Life would also like people to get involved with them.

    Champions for Life asks to be supported financially. Virtually all of the organization's financial support comes from dedicated Teammates.

    Research Analysis

    Transparency Grade [ Back to top ]

    Transparency Grade of : B
    Criteria categoryGradeOther Comments
    Timeliness:7011/16/2011 8:42:19 AM: Organization made financial information available greater than 7 ½ months.
    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 Sector
    Overall Efficiency RatingStarStarStarStar76 of 347    5 of 27
    Fund Acquisition DecisionStarStarStarStar71 of 347      9 of 27
    Resource Allocation DecisionStarStarStarStar101 of 347      10 of 27
    Asset Utilization DecisionStarStarStar166 of 347      15 of 27
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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 Efforts10%3%3%3%0%0%
Fundraising Cost Ratio7%3%3%3%0%0%
Contributions Reliance83%101%101%98%0%0%
Fundraising Expense Ratio7%3%3%3%0%0%
Other Revenue Reliance17%-1%-1%2%0%0%
Operating RatiosDatabase Average20082007200620052004
Program Expense Ratio80%86%86%89%0%0%
Spending Ratio100%97%96%96%0%0%
Program Output Ratio80%83%83%86%0%0%
Savings Ratio0%3%4%4%0%0%
Reserve Accumulation Rate11%16%20%29%0%0%
General & Admin Ratio13%11%11%8%0%0%
Investing RatiosDatabase Average20082007200620052004
Total Asset Turnover2.8x1.66x1.83x1.71x0x0x
Degree of L-T Investment2.85x2.36x2.71x5.33x0x0x
Current Asset Turnover5.26x3.93x4.97x9.11x0x0x
Age of Assets9.7yr(s)7.8yr(s)9.3yr(s)11yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20082007200620052004
Current Ratio2964.81x4.33x1.99x1.92x0x0x
Current Liabilities Ratio.31x.23x.5x.52x0x0x
Liquid Reserve Level4.96x2.35x1.2x.63x0x0x
Solvency RatiosDatabase Average20082007200620052004
Liabilities Ratio.23x.63x.66x.76x0x0x
Debt Ratio.06x.5x.42x.61x0x0x
Reserve Coverage Ratio80%22%18%14%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$16,923$34,542$38,783$32,936$46,817
Receivables, Inventories & Prepaids$647,711$493,045$259,360$299,665$213,576
Short-Term Investments$0$0$0$0$0
Total Current Assets$664,634$527,587$298,143$332,601$260,393
Long-Term Investments$0$0$10,402$8,007$4,161
Fixed Assets$746,476$796,502$775,573$803,049$832,932
Other Long-Term Assets$156,555$106,951$504,910$498,404$480,717
Total Long-Term Assets$903,031$903,453$1,290,885$1,309,460$1,317,810
TOTAL ASSETS$1,567,665$1,431,040$1,589,028$1,642,061$1,578,203
Liabilities20082007200620052004
Payables & Accrued Expenses$153,598$265,469$154,937$264,218$352,630
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$153,598$265,469$154,937$264,218$352,630
Debt$778,975$606,611$966,746$983,167$1,010,271
Other Long-Term Liabilities$58,978$74,739$78,068$109,341$12,300
Total Long-Term Liabilities$837,953$681,350$1,044,814$1,092,508$1,022,571
TOTAL LIABILITIES$991,551$946,819$1,199,751$1,356,726$1,375,201
Assets20082007200620052004
Unrestricted$492,260$213,024$161,439$76,355$17,905
Temporarily Restricted$83,854$271,197$227,838$208,980$185,097
Permanently Restricted$0$0$0$0$0
NET ASSETS$576,114$484,221$389,277$285,335$203,002
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$2,725,295$2,759,884$2,764,712$2,864,677$1,597,532
Program Service Revenue$10,500$9,350$17,000$33,571$8,750
Membership Dues$0$0$0$0$0
Investment Income($7,760)($55,196)$43,990($14,337)$175
Other Revenue($26,017)$5,699$2,340$24,058$6,420
Total Other Revenue($23,277)($40,147)$63,330$43,292$15,345
TOTAL REVENUE$2,702,018$2,719,737$2,828,042$2,907,969$1,612,877
Expenses20082007200620052004
Program Services$2,237,410$2,249,464$2,419,311$2,375,847$1,367,341
Management & General$285,012$295,433$212,771$273,322$178,211
Fundraising$87,511$79,531$83,294$174,111$153,165
TOTAL EXPENSES$2,609,933$2,624,428$2,715,376$2,823,280$1,698,717
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)$92,085$95,309$112,666$84,689($85,840)
Other Changes in Net Assets($192)($365)($8,724)($2,356)($15,600)
TOTAL CHANGE IN NET ASSETS$91,893$94,944$103,942$82,333($101,440)