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LifeWord Broadcast Ministries, Inc.

Rating
Sector:

Radio/ TV Stations

Total
Revenue:

$1,689,687

Total
Expenses:

$1,363,944

Net
Assets:

$3,926,210
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 58.8%
General & Admin 12.6% 14.6%
Fundraising 6.8% 10%
Savings -4.3% 19.2%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Lifeword Broadcast Ministries, Inc. ("LBM") is the radio/television section of the Baptist Missionary Association of America ("BMA"). The BMA was formed in 1950 for the purpose of mobilizing like-minded churches in a cooperative effort to fulfill the great commission. Lifeword Broadcast Ministries’ role within BMA’s strategy is to sow the seed of the gospel in as much of the world as possible utilizing mass media presented in the native languages of the listeners. LBM seeks out people that have little or no exposure to Christian broadcast programming and delivers the gospel in their languages. LBM presently broadcasts in 13 languages reaching nearly half the world’s population. LBM's domestic broadcast is aired on about 35 stations in the United States. 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:P.O. Box 6 (609 Locust Avenue 72032)
Conway, AR
72033-2033
Website: www.lifeword.org
Phone:(501) 329-6891
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 710394665
CEO/President: Mr. George Reddin Tax Deductible: Yes
Chairman: Mr. Wayne Smith Fiscal Year End: December 31
Board Size: 16 Financial info from: 990
Founder: Mr. Harold Morris Member of ECFA: Yes
Year Founded: 1965 Member of ECFA since: 1995

Purpose [ Back to top ]

Lifeword Broadcast Ministries, Inc. ("LBM") is the radio/television section of the Baptist Missionary Association of America ("BMA"). The BMA was formed in 1950 for the purpose of mobilizing like-minded churches in a cooperative effort to fulfill the great commission. Lifeword Broadcast Ministries’ role within the BMA mission strategy is to sow the seed of the gospel in as much of the world as possible utilizing mass media presented in the native language of the listeners.

LBM seeks out people that have little or no exposure to Christian broadcast programming and delivers the gospel in their languages. LBM presently broadcasts in 13 languages reaching nearly half the world’s population. In addition, LBM has radio and television production facilities in the Philippines.

LBM's domestic broadcast is aired on about 35 stations in the United States. These spots target the top secular radio stations, and the listener is encouraged to phone Lifeword Broadcast Ministries to receive a LifeCheck booklet to guide them through the plan of salvation. Domestic broadcast time is wholly underwritten by partners who agree to sponsor the programs in their areas. 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 ]

    Lifeword Broadcast Ministries expresses its mission in the following way:

    Lifeword is dedicated to communicating the gospel of Jesus Christ through mass media to every living soul upon the earth.

  • focusing on the unreached,
  • making the presentations culturally relevant,
  • speaking in the heart-language of the hearer,
  • using creative approaches to capture the listener's attention,
  • responding to felt needs of our neighbors, whether near or far,
  • ministering to local churches through media services,
  • striving always to present ourselves in a professional and Godly manner,
  • working in harmony with our fellow Christians and living exemplary lives which reflect the God-given joy of being ambassadors for Christ.

Program Accomplishments [ Back to top ]

  • LBM's radio department produced 1,936 programs, of which 830 programs were short format and 1,106 long format, and launched a new Portuguese language broadcast in Brazil and a "Spirit Word" broadcast in English for Native Americans.
  • The Lifeword television program and spots, including five new half-hour programs and one new 30-second spot produced in 2004 and added to the rotation, were on the air a total of 6,098,160 minutes or an average of 1,954.5 hours per week.
  • The television department produced five contract video projects.
  • The technical services department completed ten outside contract projects.
  • The Women's Outreach Ministry Team ministered to more than 1,400 people, raised almost $13,000 for Lifeword and signed up Faith Inner Circle commitments totaling $3,360 per year.

    Statement of Faith [ Back to top ]

    This profile needs a statement of faith

    History [ Back to top ]

    Founded by Harold Morris in 1965, Lifeword Broadcast Ministries was known as the Harvest Gleaner Hour until 1988. The first broadcast of the Harvest Gleaner Hour was carried on KSTL radio in St. Louis on September 4, 1965. Today, LBM beams the gospel to North America, Central America, South America, the Middle East, the Ukraine, the Peoples Republic of China, the Philippines, India, and western Africa.

    LBM has 13 full-time employees at its international headquarters in Conway, Arkansas, a full-time radio and TV production staff in the Philippines, and more than 100 part-time and volunteer radio speakers, musicians, office assistants, and project coordinators.

    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 RankRadio/ TV Stations Sector
    Overall Efficiency RatingStarStar245 of 348    10 of 11
    Fund Acquisition DecisionStarStar245 of 348      10 of 11
    Resource Allocation Decision of 348      9 of 11
    Asset Utilization Decision of 348      9 of 11
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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 Efforts10%11%3%0%0%0%
Fundraising Cost Ratio7%10%2%0%0%0%
Contributions Reliance83%95%70%0%0%0%
Fundraising Expense Ratio7%12%4%0%0%0%
Other Revenue Reliance17%5%30%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%73%65%0%0%0%
Spending Ratio104%81%52%0%0%0%
Program Output Ratio84%59%34%0%0%0%
Savings Ratio-4%19%48%0%0%0%
Reserve Accumulation Rate4%8%36%0%0%0%
General & Admin Ratio13%15%31%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.85x.3x.31x0x0x0x
Degree of L-T Investment3.06x13.48x6.03x0x0x0x
Current Asset Turnover5.43x3.99x1.85x0x0x0x
Age of Assets10.5yr(s)6yr(s)7.3yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3276.63x5.54x9.53x0x0x0x
Current Liabilities Ratio.38x.18x.1x0x0x0x
Liquid Reserve Level4.95x2.47x5.81x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.15x.21x0x0x0x
Debt Ratio.07x.14x.19x0x0x0x
Reserve Coverage Ratio81%288%258%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$296,100$742,459$71,761$93,500$373,938
Receivables, Inventories & Prepaids$46,036$14,484$44,927$18,317$11,632
Short-Term Investments$0$0$0$0$0
Total Current Assets$342,136$756,943$116,688$111,817$385,570
Long-Term Investments$902,766$850,008$795,884$805,834$785,185
Fixed Assets$3,367,376$2,716,467$364,769$474,627$492,214
Other Long-Term Assets$0$244,217$2,574,555$2,085,826$0
Total Long-Term Assets$4,270,142$3,810,692$3,735,208$3,366,287$1,277,399
TOTAL ASSETS$4,612,278$4,567,635$3,851,896$3,478,104$1,662,969
Liabilities20072006200520042003
Payables & Accrued Expenses$61,785$79,441$122,061$183,886$50,764
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$61,785$79,441$122,061$183,886$50,764
Debt$624,283$874,283$1,509,759$1,650,000$106,146
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$624,283$874,283$1,509,759$1,650,000$106,146
TOTAL LIABILITIES$686,068$953,724$1,631,820$1,833,886$156,910
Assets20072006200520042003
Unrestricted$3,155,128$2,747,784$1,402,131$356,120$460,886
Temporarily Restricted$0$117,628$81,878$569,925$339,170
Permanently Restricted$771,082$748,499$736,067$718,173$706,003
NET ASSETS$3,926,210$3,613,911$2,220,076$1,644,218$1,506,059
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$1,601,676$1,886,717$1,469,607$1,577,655$1,441,356
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$88,011$813,677$634,502$121($16,328)
Other Revenue$0$0$0$0$0
Total Other Revenue$88,011$813,677$634,502$121($16,328)
TOTAL REVENUE$1,689,687$2,700,394$2,104,109$1,577,776$1,425,028
Expenses20072006200520042003
Program Services$994,899$911,192$1,100,961$1,203,797$1,063,390
Management & General$199,490$427,857$372,961$177,188$131,560
Fundraising$169,555$60,461$84,429$119,281$155,193
TOTAL EXPENSES$1,363,944$1,399,510$1,558,351$1,500,266$1,350,143
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)$325,743$1,300,884$545,758$77,510$74,885
Other Changes in Net Assets$0$84,124$30,100$60,649$140,518
TOTAL CHANGE IN NET ASSETS$325,743$1,385,008$575,858$138,159$215,403