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Derek Prince Ministries International, Inc.

Rating
Sector:

Educational Media

Total
Revenue:

$2,254,517

Total
Expenses:

$2,155,188

Net
Assets:

$1,112,597
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 35.5%
General & Admin 12.6% 41.1%
Fundraising 6.8% 20.7%
Savings -4.3% 4.4%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Derek Prince Ministries (DPM) carries on the work of Derek Prince’s Bible teaching. It does so through Derek Prince Legacy Radio, books, audio and video. The radio program is broadcast in more than half the world and includes translations into Arabic, Chinese, Croation, Malagasy, Mongolian, Russian, Samoan, Spanish and Tongan. Derek Prince was also the author of more than 45 books, more than 450 audio and 150 video teaching cassettes, many of which have been translated and published in more than 60 languages. Derek died in his sleep at his home in Jerusalem on September 24, 2003.

Disclosure Note:
In 2008, by the request of Derek Prince Ministries, the CEO and Founder of Wall Watchers began serving as a Board advisor.

Contact Information: [ Back to top ]

Mailing Address:P.O.Box 19501 3930 Rose Lake Drive, 28217
Charlotte, NC
28219-9501
Website: www.derekprince.org
Phone:(704) 357-3556
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 650231845
CEO/President: Mr. Dick Leggatt Tax Deductible: Yes
Chairman: Mr. David Selby Fiscal Year End: September 30
Board Size: 9 Financial info from: Audit
Founder: Mr. Derek Prince Member of ECFA: Yes
Year Founded: 1990 Member of ECFA since: 1994

Purpose [ Back to top ]

Derek Prince Ministries (DPM) carries on the work of Derek Prince’s Bible teaching. It does so through Derek Prince Legacy Radio, books, audio and video. The radio program is broadcast in more than half the world and includes translations into Arabic, Chinese, Croation, Malagasy, Mongolian, Russian, Samoan, Spanish and Tongan. Derek Prince was also the author of more than 45 books, more than 450 audio and 150 video teaching cassettes, many of which have been translated and published in more than 60 languages. The distribution of the material is accomplished using donations to outreach offices and sales to the general public.

Derek died in his sleep at his home in Jerusalem on September 24, 2003. He was survived by 11 children and an extended family of more than 150 people. He was 88. The funeral was held in Jerusalem on Friday, September 26, 2003, with a memorial service held in Charlotte, North Carolina, Saturday November 1, 2003.

Derek Prince taught and ministered on six continents over the course of seven decades. In 2002 he said, “It is my desire—and I believe the Lord’s desire—that this ministry continue the work God began through me over 60 years ago until Jesus returns.”

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

Disclosure Note:
In 2008, by the request of Derek Prince Ministries, the CEO and Founder of Wall Watchers began serving as a Board advisor.

Mission Statement [ Back to top ]

Derek Prince Ministries uses the following to communicate its mission:

Derek Prince Ministries is dedicated to the proclamation of the Gospel (Mt. 24:14) through distribution of the Bible teaching materials of Derek Prince. We seek to reach the unreached and teach the untaught with the pure truth of God's Word in all nations - especially in politically and economically oppressed countries - through radio, books, and audio/video cassettes in English and many other languages.

Program Accomplishments [ Back to top ]

Derek Prince Ministries' accomplishments and programs include the following:

More than 45 books, 450 audio messages and 150 video messages have been produced in more than 60 languages for teaching and training purposes. Recipients include indigenous pastors, evangelists, mission organizations and Bible schools. The radio program covers most of the globe in English, Russian, Mongolian, Mandarin, Cantonese, Amoy, Swatow, Malagasy, Arabic, Spanish, Samoan, Croatian, Shanghaiese and Tongan. These outreaches are administrated by the staff of 10 worldwide offices and many field workers.

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

Bio of Derek Prince

Derek Prince was born in India of British parents. He was educated as a scholar of Greek and Latin at Eton College and Cambridge University, England, where he held a Fellowship in Ancient and Modern Philosophy at King’s College. He also studied Hebrew and Aramaic, both at Cambridge University and the Hebrew University in Jerusalem. In addition, he speaks a number of other modern languages.

While serving with the British army in World War II, he began to study the Bible and experienced a life-changing encounter with Jesus Christ. Out of this encounter he formed two conclusions: first, that Jesus Christ is alive; second, that the Bible is a true, relevant, up-to-date book. These conclusions altered the whole course of his life. Since then, he has devoted his life to studying and teaching the Bible.

His daily radio broadcast Derek Prince Legacy Radio (formerly Keys to Successful Living), reaches more than half the world and includes translations into Arabic, Chinese, Croatian, Malagasy, Mongolian, Russian, Samoan, Spanish and Tongan. He is the author of over 40 books, over 450 audio and 150 video teaching cassettes, many of which have been translated and published in more than 60 languages.

Derek's main gift is explaining the Bible and its teaching, in a clear and simple way. His non-denominational, non-sectarian approach has made his teaching equally relevant and helpful to people from all racial and religious backgrounds.

September 24, 2003 Derek died in his sleep at his home in Jerusalem of heart failure following a prolonged period of declining health.

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:10010/28/2011 3:40:13 PM: Descriptive information was abundant and thorough.
Level of Cooperation:100
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStar335 of 348    37 of 38
Fund Acquisition DecisionStar335 of 348      37 of 38
Resource Allocation Decision of 348      27 of 38
Asset Utilization Decision of 348      27 of 38
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Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20102009200820072006
Return on FR Efforts10%26%27%29%0%0%
Fundraising Cost Ratio7%21%22%24%0%0%
Contributions Reliance83%81%81%82%0%0%
Fundraising Expense Ratio7%22%22%25%0%0%
Other Revenue Reliance17%19%19%18%0%0%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%37%38%36%0%0%
Spending Ratio104%96%99%96%0%0%
Program Output Ratio84%36%37%35%0%0%
Savings Ratio-4%4%1%4%0%0%
Reserve Accumulation Rate4%9%3%11%0%0%
General & Admin Ratio13%41%40%39%0%0%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x1.27x1.31x1.51x0x0x
Degree of L-T Investment3.06x1.84x1.92x2.07x0x0x
Current Asset Turnover5.43x2.33x2.52x3.13x0x0x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x1.57x5.79x6.32x0x0x
Current Liabilities Ratio.38x.64x.17x.16x0x0x
Liquid Reserve Level4.95x1.87x3.94x3.23x0x0x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.35x.39x.4x0x0x
Debt Ratio.07x0x.3x.33x0x0x
Reserve Coverage Ratio81%52%46%39%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$719,583$604,695$566,060$0$0
Receivables, Inventories & Prepaids$204,856$264,247$230,711$0$0
Short-Term Investments$0$0$0$0$0
Other Current Assets$0$0$0$0$0
Total Current Assets$924,439$868,942$796,771$0$0
Long-Term Investments$0$1,692$1,797$0$0
Fixed Assets$777,882$799,514$848,440$0$0
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$777,882$801,206$850,237$0$0
TOTAL ASSETS$1,702,321$1,670,148$1,647,008$0$0
Liabilities20102009200820072006
Payables & Accrued Expenses$82,494$116,553$94,539$0$0
Other Current Liabilities$505,302$33,604$31,434$0$0
Total Current Liabilities$587,796$150,157$125,973$0$0
Debt$1,928$506,723$539,792$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$1,928$506,723$539,792$0$0
TOTAL LIABILITIES$589,724$656,880$665,765$0$0
Assets20102009200820072006
Unrestricted$1,026,600$970,075$922,050$0$0
Temporarily Restricted$85,997$43,193$59,193$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$1,112,597$1,013,268$981,243$0$0
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$1,825,209$1,802,089$2,144,955$0$0
Program Service Revenue$314,329$320,002$314,034$0$0
Membership Dues$0$0$0$0$0
Investment Income($1,622)$1,802$12,225$0$0
Other Revenue$116,601$96,143$135,921$0$0
Total Other Revenue$429,308$417,947$462,180$0$0
TOTAL REVENUE$2,254,517$2,220,036$2,607,135$0$0
Expenses20102009200820072006
Program Services$801,311$828,031$902,603$0$0
Management & General$886,907$873,885$966,712$0$0
Fundraising$466,970$486,095$625,347$0$0
TOTAL EXPENSES$2,155,188$2,188,011$2,494,662$0$0
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$99,329$32,025$112,473$0$0
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$99,329$32,025$112,473$0$0