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Ligonier Ministries/ R.C. Sproul

Rating
Sector:

Educational Media

Total
Revenue:

$14,796,000

Total
Expenses:

$14,642,000

Net
Assets:

$9,917,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 69.7%
General & Admin 12.6% 14.3%
Fundraising 6.8% 14.9%
Savings -4.3% 1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

For 30 years, Ligonier has been producing Christian education materials designed to fill the gap between Sunday School and Seminary. Beginning as a small study center in western Pennsylvania and continuing since 1984 as a ministry staffed by more than 50 people in Orlando, Florida, Ligonier has provided Christian laypeople with substantive educational materials on theology, history, Bible study, apologetics, and Christian ethics.

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 547500 (400 Technology Park Lake Mary, FL 32746)
Orlando, FL
32854-7500
Website: www.ligonier.org
Phone:(407) 333-4244, (800) 435-4343
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 251298611
CEO/President: Dr. R.C. Sproul Tax Deductible: Yes
Chairman: Dr. R.C. Sproul Fiscal Year End: December 31
Board Size: 8 Financial info from: 990
Founder: Dr. R.C. Sproul Member of ECFA: Yes
Year Founded: 1971 Member of ECFA since: 1980

Purpose [ Back to top ]

Ligonier Ministries, Inc. (also known as Renewing Your Mind) ("RYM") is the teaching ministry of Dr. R. C. Sproul. Its purpose is to awaken as many people as possible to the holiness of God by proclaiming the holiness of God in all its fullness, by teaching and defending the holiness of God. Teaching is available on both video and audiocassette tapes with accompanying curriculum, books and regional conferences. The Renewing Your Mind broadcast and any of Ligonier educational resources are available on its website, ligonier.org

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 ]

Ligonier Ministries, Inc. Statement of Purpose is:

Ligonier Ministries' purpose is to awaken as many people as possible to the holiness of God by proclaiming, teaching, and defending God's holiness in all its fullness.

Program Accomplishments [ Back to top ]

Ligonier Ministries, Inc.'s accomplishments and programs include some of the following:

  • Approximately 11,925 attendees to religious lectures, seminars and programs.
  • Approximately 32,500 subscriptions to monthly subscriptions of religious doctrine, ministry & instruction.
  • Approximately 45,700 audio tapes distributed.
  • Approximately 14,200 video tapes distributed.
  • Approximately 96,200 books and curriculum distributed.
  • Renewing Your Mind Radio -- daily radio program currently broadcasting on over 160 natioanal and international stations.
  • Renewing Your Mind Online -- Gospel Communications Network website.
  • Tabletalk -- monthly Bible-study magazine.
  • Conferences and Seminars -- face-to-face teaching events with Dr. Sproul. and many other prominent Christian scholars.
  • Ligonier School of Theology - certificate program consisting of 31 courses available on distance learning basis.
  • Video and Audio Series -- substantive materials covering theology, apologetics, the Christian life, and more.
  • Books -- print resources by R.C. Sproul, other contemporary authors, Puritan pastors and theologians.
  • Prayer forum gives people the opportunity to leave prayer requests and encourage one another.
  • Theological forum is topical, changing its emphasis monthly.
  • RYM forum discusses the Renewing Your Mind broadcast, which plays on over 160 stations around the country and on RYM web site 24 hours a day. It's like a radio call-in show, only the listeners interact as well as hear responses from RYM staff.
  • General forum is an off-topic discussion area. RYM welcomes Bible questions, hearty theological debate and just plain fun. This is a no smoking section, though- no flaming or advertising allowed. Good, low-key conversation.

Statement of Faith [ Back to top ]

Ligonier Ministries, Inc.'s Statement of Faith is:

We believe in one God - Father, Son, and Holy Spirit. The Triune God has created man in His own image and has called him to manifest and reflect holiness through obedience to His commandments. Because man has woefully fallen in this responsibility and entered into a state of moral corruption, he has subsequently become estranged from his creator.

Because of a profound love for His creation, God has initiated a plan of redemption which He has accomplished on behalf of His people in the realm of temporal history. The zenith of this redemption is located in the historical incarnation of God in the person of Jesus of Nazareth. We confess Jesus to be the Christ of Old Testament prophecy, being at the same time fully God and fully man. Jesus, through His substitutionary atoning death and bodily resurrection, has provided the meritorious basis of our justification, which by God's grace, we receive by faith alone.

The risen and ascended Christ has sent His Holy Spirit to dwell in the hearts of believers, effecting their regeneration and operating in their sanctification. The same Holy Spirit has been given to the people of god to empower them for the service of bearing witness to the kingdom of God. The Holy Spirit brings His people together to form a corporate community of believers. We believe that Christ has established a visible church which is called to live in the power of the Holy Spirit under the regulation of the authority of Holy Scripture, exercising discipline, administering the sacraments, and preaching the Gospel of Christ.

We believe that the Bible, in its entirety, is divine revelation, and we submit to the authority of Holy Scripture, acknowledging it to be inerrantly inspired by God and carrying the full weight of His authority.

We support the work of Christian organizations and institutions that confess the Lordship of Jesus Christ. We are committed to the implementation of the social and cultural implications of God's commandments for the well-being of man and his environment. We believe our faith should be visible in concrete forms and models of personal and social behavior. We seek to be faithful disciples of Christ, enduring in love and obedience until He comes again to consummate His kingdom.

History [ Back to top ]

Ligonier Ministries, Inc.'s founder and principal teacher is Dr. R.C. Sproul, Distinguished Visiting Professor of Theology and Apologetics at Knox Theological Seminary in Ft. Lauderdale, FL and holds positions at Westminster Theological Seminary as well. Since earning his Drs. degree from the Free University of Amsterdam at the age of 25, Dr. Sproul has taught theology and philosophy at the college and seminary level. But his passion has always been lay education -- specifically, the kind of in-depth educational resources Christian laypeople desperately need but often can't find. R.C. has spent the last 30 years writing more than 50 books and recording hundreds of messages on video and audio cassette. Providing this material to Christian households at an affordable price is what LM -- and thus Renewing Your Mind Online -- is all about.

LM has been producing Christian education materials designed to fill the gap between Sunday school and seminary. Beginning as a small study center in western Pennsylvania and continuing since 1984 as a ministry staffed by more than 50 people in Orlando, Florida, LM has provided Christian laypeople with substantive educational materials on theology, history, Bible study, apologetics, and Christian ethics.

Ministry Needs [ Back to top ]

Ligonier express its needs as follows:

  • Funding for the development and operations of the new Ligonier School of Theology.
  • Multiple computer needs; hardware/software/workstations.
  • Partners for "Tape of the Month".

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:10010/28/2011 7:23:51 PM: Descriptive information was abundant and thorough.
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStar316 of 348    33 of 38
Fund Acquisition DecisionStar316 of 348      33 of 38
Resource Allocation Decision of 348      4 of 38
Asset Utilization Decision of 348      4 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%18%21%21%14%15%
Fundraising Cost Ratio7%15%17%17%10%11%
Contributions Reliance83%82%83%81%75%74%
Fundraising Expense Ratio7%15%19%18%14%11%
Other Revenue Reliance17%18%17%19%25%26%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%70%63%65%70%73%
Spending Ratio104%99%93%97%77%102%
Program Output Ratio84%70%58%63%54%75%
Savings Ratio-4%1%7%3%23%-2%
Reserve Accumulation Rate4%2%11%6%46%-5%
General & Admin Ratio13%14%18%18%16%16%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x.75x.75x.77x.76x1.21x
Degree of L-T Investment3.06x9.1x6.13x5.88x4.79x3.66x
Current Asset Turnover5.43x6.84x4.58x4.52x3.64x4.42x
Age of Assets10.5yr(s)10.7yr(s)11.1yr(s)10.2yr(s)7.4yr(s)6.2yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x.91x1.81x1.87x2.54x1.86x
Current Liabilities Ratio.38x1.1x.55x.54x.39x.54x
Liquid Reserve Level4.95x-.18x1.17x1.23x2x1.26x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.49x.48x.51x.49x.52x
Debt Ratio.07x.35x.37x.4x.41x.37x
Reserve Coverage Ratio81%68%70%63%67%39%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$739,000$1,728,000$1,455,000$2,045,000$1,082,000
Receivables, Inventories & Prepaids$1,384,000$1,347,000$1,529,000$1,437,000$1,545,000
Short-Term Investments$17,000$8,000$8,000$12,000$26,000
Total Current Assets$2,142,000$3,085,000$2,993,000$3,495,000$2,653,000
Long-Term Investments$0$0$0$10,000$10,000
Fixed Assets$16,915,000$15,516,000$14,503,000$13,133,000$6,503,000
Other Long-Term Assets$428,000$323,000$104,000$104,000$555,000
Total Long-Term Assets$17,344,000$15,840,000$14,607,000$13,248,000$7,069,000
TOTAL ASSETS$19,486,000$18,925,000$17,601,000$16,743,000$9,723,000
Liabilities20102009200820072006
Payables & Accrued Expenses$1,860,000$1,255,000$1,167,000$962,000$970,000
Other Current Liabilities$496,000$450,000$436,000$413,000$456,000
Total Current Liabilities$2,356,000$1,706,000$1,603,000$1,375,000$1,427,000
Debt$6,835,000$7,079,000$6,957,000$6,808,000$3,644,000
Other Long-Term Liabilities$376,000$278,000$454,000$82,000$20,000
Total Long-Term Liabilities$7,212,000$7,358,000$7,411,000$6,891,000$3,665,000
TOTAL LIABILITIES$9,569,000$9,064,000$9,015,000$8,266,000$5,092,000
Assets20102009200820072006
Unrestricted$9,823,000$9,792,000$8,297,000$8,449,000$4,607,000
Temporarily Restricted$83,000$58,000$278,000$17,000$13,000
Permanently Restricted$10,000$10,000$10,000$10,000$10,000
NET ASSETS$9,917,000$9,860,000$8,586,000$8,476,000$4,630,000
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$12,172,000$12,602,000$11,310,000$12,524,000$8,565,000
Program Service Revenue$774,000$755,000$575,000$1,011,000$695,000
Membership Dues$0$0$0$0$0
Investment Income$2,000$4,000$3,000$211,000$1,000
Other Revenue$1,847,000$1,877,000$2,139,000$2,882,000$2,238,000
Total Other Revenue$2,623,000$2,637,000$2,718,000$4,105,000$2,936,000
TOTAL REVENUE$14,796,000$15,240,000$14,028,000$16,630,000$11,501,000
Expenses20102009200820072006
Program Services$10,319,000$8,904,000$8,771,000$8,930,000$8,589,000
Management & General$2,105,000$2,586,000$2,382,000$2,056,000$1,873,000
Fundraising$2,216,000$2,651,000$2,392,000$1,735,000$1,260,000
TOTAL EXPENSES$14,642,000$14,141,000$13,546,000$12,722,000$11,723,000
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$154,000$1,098,000$481,000$3,907,000($221,000)
Other Changes in Net Assets$0$0$0($61,000)$19,000
TOTAL CHANGE IN NET ASSETS$154,000$1,098,000$481,000$3,846,000($201,000)