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Biblica / International Bible Society

Rating
Sector:

Publishing

Total
Revenue:

$69,211,000

Total
Expenses:

$69,073,000

Net
Assets:

$9,307,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 90%
General & Admin 12.6% 7.3%
Fundraising 6.8% 2.4%
Savings -4.3% .1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

The ministry of Biblica is built upon three core competencies that all work together. Through Translation, Publishing and Outreach, Biblica effectively reaches out globally with Scripture for evangelism and discipleship.

We currently have translation projects underway in some 60 languages. To date, Biblica has completed 31 Bible translations and 54 New Testaments. Biblica, in partnership with Wycliffe Bible Translators/Summer Institute of Linguistics, has published Scriptures in more than 600 languages globally.”

Founded in New York City in 1809, Biblica carries out its three-fold ministry through centers in more than 100 countries around the world. In 1978, Biblica published the New International Version translation of the Bible; the NIV is now the most widely read contemporary English translation in the world.

Headquartered in Colorado Springs, Colorado, Biblica currently maintains Area Offices in Latin America, Canada, the United States, Africa, South Asia, East Asia and Europe. From these offices, the global work of Biblica is administered and directed in more than 100 countries.

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:1820 Jet Stream Dr.
Colorado Springs, CO
80921-3696
Website: www.ibs.org
Phone:(719) 488-9200
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 841194554
CEO/President: Mr. Sidney David Passman III Tax Deductible: Yes
Chairman: Mr. W. Michael Richards, Sr. Fiscal Year End: September 30
Board Size: 15 Financial info from: Audit
Founder: Theodorus Van Wyck, et al Member of ECFA: Yes
Year Founded: 1809 Member of ECFA since: 1980

Purpose [ Back to top ]

Biblica (formerly International Bible Society) translates, distributes and publishes God’s Word so that through it people around the world may come to know Jesus Christ as Lord and Savior and be discipled in their walk with Him. Biblica produces Bibles, New Testaments and Scripture portions specifically for evangelism and discipleship in virtually every segment of society worldwide. These include prisoners, the homeless, crisis pregnancy centers, orphans, business people and many more. Scriptures are distributed through a number of means including grants, ministry-priced sales, the Internet and local ministry outreaches. In addition, Biblica produces specialized Scripture booklets for various evangelistic efforts including Olympic and sports outreaches, conferences and crusades. Biblica was founded in 1809.

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).

Mission Statement [ Back to top ]

Biblica's Mission Statement is:

To serve the Church in evangelism and discipleship by providing God's Word so that people around the world may come to faith and life in Jesus Christ.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

Biblica's Statement of Faith is:

In the verbal inspiration of all Scripture--as originally given--of both the Old and New Testaments and that they are the final authority of faith and life.

In one God, eternally existing in three persons--Father, Son and Holy Spirit.

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

In the total depravity of all people and in the necessity of salvation through regeneration.

That salvation is a free gift of God entirely apart from works and is possessed by all those who have, by faith, received the Lord Jesus Christ as their personal savior.

In the present ministry of the person of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life, and to overcome the attacks of the evil one, Satan.

In the bodily resurrection of both the just and the unjust, the everlasting blessedness of the saved and the everlasting punishment of the lost.

In the spiritual unity of believers in our Lord Jesus Christ.

History [ Back to top ]

1809 - 1832
Evangelical Roots and Missionary Expansion. Founded in 1809 in New York, Biblica from its very infancy fostered a vision for transforming the world with the Word. In 1810, Biblica granted missionary translator William Carey $1,000 to help translate the Bible into the Bengali language. This Bible is still being used in India today.

1832 - 1906
Biblica was there in hospitals when cholera swept New York City in 1832. When war ripped the nation apart, Biblica provided Scriptures to the soldiers. Providing Scriptures for Sunday schools, prison ministry and hotels became part of our ministry.

1907 - 1960
From the late 1890s to 1954, Biblica carried out an extensive ministry to immigrants as they arrived at New York's Ellis Island. An average of 40,000 New Testaments and far more Scripture portions were distributed annually in many languages.

1960s through the '80s
Years of hard work and sacrifice were realized with the publication of the Holy Bible: New International Version (NIV). During these years Biblica became a leading publisher of ethnic Scriptures, publishing God's Word in more than 350 languages since 1970.

The Nineties
From 1990 to 1994, Biblica took a leading role in Scripture distribution in Eastern Europe, providing 10 million New Testaments for Russia and the republics of the former Soviet Union, as well as 1.5 million for Romania. A worldwide spiritual hunger is drawing many to know Christ and grow through His Word

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:100
Level of Cooperation:10010/21/2011 7:05:59 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 RatingStarStar237 of 348    4 of 8
Fund Acquisition DecisionStarStar237 of 348      4 of 8
Resource Allocation Decision of 348      7 of 8
Asset Utilization Decision of 348      7 of 8
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Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20092008200720062005
Return on FR Efforts10%28%22%0%0%0%
Fundraising Cost Ratio7%2%2%0%0%0%
Contributions Reliance83%9%9%0%0%0%
Fundraising Expense Ratio7%2%2%0%0%0%
Other Revenue Reliance17%91%91%0%0%0%
Operating RatiosDatabase Average20092008200720062005
Program Expense Ratio80%90%91%0%0%0%
Spending Ratio104%100%100%0%0%0%
Program Output Ratio84%90%90%0%0%0%
Savings Ratio-4%0%0%0%0%0%
Reserve Accumulation Rate4%1%3%0%0%0%
General & Admin Ratio13%7%7%0%0%0%
Investing RatiosDatabase Average20092008200720062005
Total Asset Turnover2.85x1.9x1.95x0x0x0x
Degree of L-T Investment3.06x1.28x1.3x0x0x0x
Current Asset Turnover5.43x2.43x2.53x0x0x0x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20092008200720062005
Current Ratio3276.63x1.6x1.92x0x0x0x
Current Liabilities Ratio.38x.62x.52x0x0x0x
Liquid Reserve Level4.95x1.85x2.26x0x0x0x
Solvency RatiosDatabase Average20092008200720062005
Liabilities Ratio.3x.74x.74x0x0x0x
Debt Ratio.07x.24x.32x0x0x0x
Reserve Coverage Ratio81%13%13%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20092008200720062005
Cash$4,353,000$5,187,000$0$0$0
Receivables, Inventories & Prepaids$24,049,000$22,275,000$0$0$0
Short-Term Investments$0$0$0$0$0
Other Current Assets$0$0$0$0$0
Total Current Assets$28,402,000$27,462,000$0$0$0
Long-Term Investments$0$0$0$0$0
Fixed Assets$6,982,000$7,305,000$0$0$0
Other Long-Term Assets$969,000$854,000$0$0$0
Total Long-Term Assets$7,951,000$8,159,000$0$0$0
TOTAL ASSETS$36,353,000$35,621,000$0$0$0
Liabilities20092008200720062005
Payables & Accrued Expenses$11,405,000$11,857,000$0$0$0
Other Current Liabilities$6,343,000$2,475,000$0$0$0
Total Current Liabilities$17,748,000$14,332,000$0$0$0
Debt$8,819,000$11,409,000$0$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$479,000$711,000$0$0$0
Total Long-Term Liabilities$9,298,000$12,120,000$0$0$0
TOTAL LIABILITIES$27,046,000$26,452,000$0$0$0
Assets20092008200720062005
Unrestricted$7,307,000$7,182,000$0$0$0
Temporarily Restricted$2,000,000$1,987,000$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$9,307,000$9,169,000$0$0$0
Revenue and Expenses
Revenue20092008200720062005
Total Contributions$5,949,000$6,219,000$0$0$0
Program Service Revenue$54,829,000$54,794,000$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$115,000$185,000$0$0$0
Other Revenue$8,318,000$8,687,000$0$0$0
Total Other Revenue$63,262,000$63,666,000$0$0$0
TOTAL REVENUE$69,211,000$69,885,000$0$0$0
Expenses20092008200720062005
Program Services$62,354,000$63,095,000$0$0$0
Management & General$5,043,000$5,142,000$0$0$0
Fundraising$1,676,000$1,364,000$0$0$0
TOTAL EXPENSES$69,073,000$69,601,000$0$0$0
Change in Net Assets20092008200720062005
SURPLUS (DEFICIT)$138,000$284,000$0$0$0
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$138,000$284,000$0$0$0