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Joyce Meyer/ JMM/ Enjoying Every Day Life/ Life in the Word

Rating
Sector:

Educational Media

Total
Revenue:

$109,276,000

Total
Expenses:

$119,141,000

Net
Assets:

$63,363,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 91%
General & Admin 12.6% 11.3%
Fundraising 6.8% 5.6%
Savings -4.3% -9%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Joyce Meyer Ministries has also been known or is known as Life in the Word, Enjoying Every Day Life, and one of its buildings is titled the St. Louis Dream Center. Joyce Meyer Ministries is a teaching organization created by and as the speaking platform of Joyce Meyer; however, read the whole report to understand other areas the organization is moving into. Joyce teaches on emotional healing and related subjects in meetings all over the country. She has recorded more than 225 different audiocassette albums and over 75 videos. She has also authored more than 70 books on various topics. Joyce Meyer Ministries also produces radio and television broadcasts. Joyce travels extensively conducting conferences. The organization is legally incorporated as a nonprofit organization and contributions are tax deductible to the extent allowed by law.

Contact Information: [ Back to top ]

Mailing Address:PO Box 655
Fenton, MO
63026-3026
Website: www.joycemeyer.org
Phone:(636) 349-0303
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 431382734
CEO/President: Ms. Joyce Meyer Tax Deductible: Yes
Chairman: Ms. Joyce Meyer Fiscal Year End: December 31
Board Size: 12 Financial info from: Audit
Founder: Ms. Joyce Meyer Member of ECFA: Yes
Year Founded: 1986 Member of ECFA since: 2009

Purpose [ Back to top ]

Joyce Meyer Ministries has also been known or is known as Life in the Word, Enjoying Every Day Life, and one of its buildings is titled the St. Louis Dream Center. Joyce Meyer Ministries is a teaching organization created by and as the speaking platform of Joyce Meyer; however, read the whole report to understand other areas the organization is moving into. Joyce teaches on emotional healing and related subjects in meetings all over the country. She has recorded more than 225 different audiocassette albums and over 75 videos. She has also authored more than 70 books on various topics. Joyce Meyer Ministries also produces radio and television broadcasts. Joyce travels extensively conducting conferences. The organization is legally incorporated as a nonprofit organization and contributions are tax deductible to the extent allowed by law.

Mission Statement [ Back to top ]

Joyce Meyer Ministries has a God-ordained mandate to impact the world. We are called to present the Gospel to the lost, disciple nations, feed the hungry, clothe the poor, minister to the elderly, widows and orphans, visit prisoners and reach out to people of all ages and in all walks of life. God requires that we teach people how to apply biblical truth in every facet of their lives, and encourage Christians to influence every aspect of the world around them.  (See Matthew 28:18-20, Isaiah 1:17)

With the prayers and support of our friends and partners around the world, we present a creative and relevant message of Christ and His love for people worldwide through the utilization of the most powerful forms of media and communications available and the development and distribution of practical teaching resources. We provide global humanitarian aid to hurting people, and teach Christians and non-Christians alike how to enjoy everyday life by applying biblical principles in all they do.  (See John 10:10)

Our goal is to reach every nation, every city, every day with the Gospel of Jesus Christ.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

The Bible is the infallible Word of God, inspired by the Holy Spirit, and contains every answer to man's problems.
2 Timothy 3:16,17; 2 Peter 1:20,21

There is one God, existing eternally in three persons: God the Father, God the Son and God the Holy Spirit.
John 10:30; John 14:26; Philippians 2:5-7

God is Love and He loves all people. It is His desire to reach out to those who are poor, oppressed, widowed or orphaned, and to heal the brokenhearted.
Psalm 68:5,6; 1 John 4:16

Man is created in the image of God but separated from God by sin. Without Jesus we cannot have a relationship with God.
Genesis 1:26; 1 Timothy 2:5

We can have a personal relationship with God through salvation, God's free gift to man. It is not a result of what we do, but it is only available through God's unearned favor. By admitting we have sinned and believing in the death, burial and resurrection of Christ, and accepting Him as Lord, we can spend eternity with God.
Ephesians 2:8,9; Romans 5:1; Romans 3:24

We believe in water baptism, as taught and demonstrated by Jesus, as the way for believers to identify with the death, burial and resurrection of Jesus.
Matthew 28:19; Romans 6:4; Matthew 3:13-17   
   
The Baptism of the Holy Spirit is a gift from God. He helps empower the believer to develop the character of Christ and live every day in God's will.
Matthew 3:11; Acts 2:4

God gives all believers spiritual gifts. They are for the strengthening of God's people (the Church) and proof of God's existence and power to unbelievers. The gifts of the Spirit are active and relevant today.
1 Corinthians 12:4-11; 1 Peter 4:10

Sanctification is the ongoing process of allowing God's character to be developed in us.
Romans 6:19; Galatians 5:22-25

Divine healing is active in the lives of people today through Jesus, who is the Healer. Healing includes physical, mental, emotional and spiritual restoration.
Luke 9:11; Matthew 9:35; Acts 10:38; Matthew 10:1

The Bible describes hell as a real place. It is a place of suffering and a place of permanent separation from God for those who die without accepting Christ. God's desire is that no one be separated from Him for eternity, which is why He sent His Son, Jesus Christ, to earth.
Hebrews 9:27; Revelation 20:12-15; John 3:16-18

Jesus will return and take all those who have accepted Him as Savior to heaven for eternity.
Acts 1:11; 1 Thessalonians 4:13-17; Hebrews 9:28

History [ Back to top ]

Joyce Meyer has been teaching since 1976 and in full-time ministry since 1980. Previously an associate pastor at Life Christian Church in St. Louis, Missouri, she developed, coordinated, and taught a weekly meeting known as "Life In The Word." After more than five years, the Lord brought it to a conclusion, directing her to establish her own ministry and call it Life In The Word, Inc.

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 : C
Criteria categoryGradeOther Comments
Timeliness:100Joyce Meyer Ministries (JMM) posted its audited financial statement on its website less than 5 ½ months after their fiscal year end. JMM had a history of not providing its financial statements to outsiders. After Wall Watchers called for the ministry to release its financial statements, JMM took a positive step and began posting its audited financial statements in a very timely fashion on its website. Wall Watchers applauds Joyce Meyer Ministry for increasing the transparency of her organization so that donors might be able to be better stewards of their giving to her ministry.
Financial Information:70Basic information is provided within its audited financial statements, but it is not sufficient for donors to make the most informed decisions. More information is necessary about trends and broad assertions of changes by JMM. JMM was created by and for Joyce Meyer therefore additional information should be disclosed about all the financial arrangements with Joyce Meyer and her family. In addition, the audit report contains a letter from the CPA reporting on an expense item that is highly unusual and that we have never seen in any other audit. Nonprofit accounting requires expenses to be classified into three areas, (1) Program Expense, (2) Management and General, and (3) Fundraising. The CPA issued a letter addressed, "To Supporters of Joyce Meyer Ministries, Inc." that states in part, "80 percent was expensed for outreach and programs directed at reaching people with the Gospel of Jesus Christ." This is a new expense category that is not explained or defined other than what is contained in the one brief page. Without explanation it does not make sense, as it appears to be a specific sub-set of program expense; however, 80% would be including all of program expense and management and general also. This information could be seen as misleading since it is now used frequently by JMM in prominent promotional material.
Foundational Clarity:70JMM does have a website which contains information on numerous subjects; however, key information such as board members and its compensation committee is lacking. In addition, JMM is formed as a "Church" for IRS purposes but is not a traditional congregational church. This appears to be a misleading organizational structure to donors as it is represented to be something that does not correspond to what most view as a "church". Also, see the Analyst Comment and Donor Alert.
Level of Cooperation:80Answers to questions are in process and a good gesture, so grade in this area is upgraded to 80 from 0. Wall Watchers has had a long history of attempting to communicate with JMM going back to November of 1999. Wall Watchers contacted multiple people at JMM through letters, email, fax, and telephone and was rebuffed in each of its efforts to dialogue with JMM about issues of concern to donors. Such stonewalling of donor advocates such as MinistryWatch.com is unproductive and naturally raises questions as to why JMM would not want to subject their ministry to independent scrutiny like most other ministries do. To JMM's credit, they did send a cordial letter in response to our request for JMM?s audited financial statements saying that they would post it on their website. The audited financial statements, however, raise questions that JMM refuses to address, thus donors are left in the dark and we are unable to give JMM a passing grade on Cooperation. We do give them credit for posting the audited financial statements and applaud that as seen in the Timeliness assessment for our Transparency Grade.
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStarStarStar143 of 348    14 of 38
Fund Acquisition DecisionStarStarStar143 of 348      14 of 38
Resource Allocation Decision of 348      11 of 38
Asset Utilization Decision of 348      11 of 38
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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%6%0%0%5%0%
Fundraising Cost Ratio7%6%0%0%4%0%
Contributions Reliance83%92%0%0%89%0%
Fundraising Expense Ratio7%5%0%0%4%0%
Other Revenue Reliance17%8%0%0%11%0%
Operating RatiosDatabase Average20092008200720062005
Program Expense Ratio80%83%0%0%82%0%
Spending Ratio104%109%0%0%94%0%
Program Output Ratio84%91%0%0%77%0%
Savings Ratio-4%-9%0%0%6%0%
Reserve Accumulation Rate4%-16%0%0%10%0%
General & Admin Ratio13%11%0%0%14%0%
Investing RatiosDatabase Average20092008200720062005
Total Asset Turnover2.85x1.68x0x0x1.4x0x
Degree of L-T Investment3.06x5.08x0x0x2.47x0x
Current Asset Turnover5.43x8.54x0x0x3.45x0x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20092008200720062005
Current Ratio3276.63x1.85x0x0x5.36x0x
Current Liabilities Ratio.38x.54x0x0x.19x0x
Liquid Reserve Level4.95x.65x0x0x2.83x0x
Solvency RatiosDatabase Average20092008200720062005
Liabilities Ratio.3x.11x0x0x.08x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%53%0%0%66%0%

Financials[ Back to top ]

Balance Sheet
Assets20092008200720062005
Cash$7,760,000$0$0$18,093,000$14,217,000
Receivables, Inventories & Prepaids$6,186,000$0$0$7,994,000$4,091,000
Short-Term Investments$0$0$0$7,013,000$21,000
Other Current Assets$0$0$0$0$0
Total Current Assets$13,947,000$0$0$33,100,000$18,330,000
Long-Term Investments$13,586,000$0$0$10,736,000$0
Fixed Assets$43,026,000$0$0$37,984,000$43,723,000
Other Long-Term Assets$333,000$0$0$0$12,156,000
Total Long-Term Assets$56,946,000$0$0$48,720,000$55,879,000
TOTAL ASSETS$70,893,000$0$0$81,821,000$74,210,000
Liabilities20092008200720062005
Payables & Accrued Expenses$7,360,000$0$0$5,993,000$5,310,000
Other Current Liabilities$169,000$0$0$186,000$932,000
Total Current Liabilities$7,529,000$0$0$6,179,000$6,242,000
Debt$0$0$0$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$0$0$0$0$0
TOTAL LIABILITIES$7,529,000$0$0$6,179,000$6,242,000
Assets20092008200720062005
Unrestricted$63,363,000$0$0$75,583,000$66,527,000
Temporarily Restricted$0$0$0$57,000$1,440,000
Permanently Restricted$0$0$0$0$0
NET ASSETS$63,363,000$0$0$75,641,000$67,967,000
Revenue and Expenses
Revenue20092008200720062005
Total Contributions$100,777,000$0$0$108,606,000$103,029,000
Program Service Revenue$7,641,000$0$0$12,043,000$5,816,000
Membership Dues$0$0$0$0$0
Investment Income$240,000$0$0$1,581,000$486,000
Other Revenue$617,000$0$0($274,000)$1,377,000
Total Other Revenue$8,499,000$0$0$13,350,000$7,681,000
TOTAL REVENUE$109,276,000$0$0$121,956,000$110,710,000
Expenses20092008200720062005
Program Services$99,467,000$0$0$93,524,000$84,156,000
Management & General$13,474,000$0$0$15,820,000$17,835,000
Fundraising$6,199,000$0$0$4,937,000$5,489,000
TOTAL EXPENSES$119,141,000$0$0$114,282,000$107,482,000
Change in Net Assets20092008200720062005
SURPLUS (DEFICIT)($9,864,000)$0$0$7,674,000$3,227,000
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS($9,864,000)$0$0$7,674,000$3,227,000