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Living Stream Ministry

Rating
Sector:

Publishing

Total
Revenue:

$13,553,000

Total
Expenses:

$10,833,000

Net
Assets:

$68,424,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

The Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.

Contact Information: [ Back to top ]

Mailing Address:P.O. Box 2121 2431 W. LA Palma Avenue (92801)
Anaheim, CA
92814-0121
Website: www.LSM.org
Phone:(714) 236-6001
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 237031637
CEO/President: Mr. Benson Phillips Tax Deductible: Yes
Chairman: Fiscal Year End: December 31
Board Size: 9 Financial info from:
Founder: Member of ECFA: No
Year Founded: Member of ECFA since:

Purpose [ Back to top ]

Living Stream Ministry publishes the works of Watchman Nee and Witness Lee, providing the authoritative and definitive collections of treasures from these two servants of the Lord Jesus Christ. The writings of Watchman Nee and Witness Lee focus on the enjoyment of the divine life, which all the believers possess, and on the building up of the church, the goal of God's work with man in this age.

Mission Statement [ Back to top ]

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Program Accomplishments [ Back to top ]

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Statement of Faith [ Back to top ]

Living Stream uses the following to express its Statement of Faith:

Holding the Bible as the complete and only divine revelation, we strongly believe that God is eternally one and also eternally the Father, the Son, and the Spirit, the three being distinct but not separate. We hold that Christ is both the complete God and the perfect man. Without abandoning His divinity, He was conceived in the womb of a human virgin, lived a genuine human life on earth, and died a vicarious and all-inclusive death on the cross. After three days He resurrected bodily and has ascended to the heavens. He is now in glory, fully God but still fully man. We look to His imminent return with the kingdom of God, by which He will reign over the earth in the millennium and in eternity. We confess that the third of the Trinity, the Spirit, is equally God. All that the Father has and is, is expressed by the Son; and all that the Son has and is, is realized as the Spirit. We further believe that mankind is in need of God's salvation. Though we were absolutely unable to fulfill the heavy demands of God's righteousness, holiness, and glory, Christ fulfilled all the requirements through His death on the cross. Because of Christ's death, God has forgiven us of our sins, reconciled us to Himself, and justified us by making Christ our righteousness. Based on Christ's redemption, God regenerates the redeemed with His Spirit to consummate His salvation, that they may become His children. Now possessing God's life and nature, the believers enjoy a daily salvation in His Body in this age and the eternal salvation in the coming age and in eternity. In eternity we will dwell with God in the New Jerusalem, the consummation of God's salvation of His elect.

History [ Back to top ]

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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 : B
Criteria categoryGradeOther Comments
Timeliness:7010/28/2011 7:25:06 PM: Organization made financial information available greater than 7 ½ months.
Financial Information:80
Foundational Clarity:10010/28/2011 7:25:12 PM: Descriptive information was abundant and thorough.
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

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Ministry Statement or Response [ Back to top ]

Financial Information:

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$6,247,000$9,860,000$0$13,175,000$1,439,000
Receivables, Inventories & Prepaids$7,889,000$7,692,000$0$7,886,000$11,697,000
Short-Term Investments$212,000$198,000$0$214,000$135,000
Total Current Assets$14,349,000$17,751,000$0$21,276,000$13,272,000
Long-Term Investments$0$0$0$0$0
Fixed Assets$60,776,000$52,805,000$0$47,639,000$48,137,000
Other Long-Term Assets$1,206,000$1,028,000$0$513,000$1,207,000
Total Long-Term Assets$61,983,000$53,833,000$0$48,153,000$49,344,000
TOTAL ASSETS$76,332,000$71,585,000$0$69,429,000$62,617,000
Liabilities20102009200820072006
Payables & Accrued Expenses$1,399,000$237,000$0$237,000$360,000
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$1,399,000$237,000$0$237,000$360,000
Debt$6,358,000$6,198,000$0$9,898,000$10,798,000
Other Long-Term Liabilities$150,000$162,000$0$177,000$109,000
Total Long-Term Liabilities$6,508,000$6,360,000$0$10,075,000$10,907,000
TOTAL LIABILITIES$7,908,000$6,598,000$0$10,313,000$11,268,000
Assets20102009200820072006
Unrestricted$67,804,000$59,756,000$0$59,116,000$51,348,000
Temporarily Restricted$619,000$5,229,000$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$68,424,000$64,986,000$0$59,116,000$51,348,000
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$3,352,000$4,277,000$0$9,542,000$5,106,000
Program Service Revenue$4,071,000$3,776,000$0$3,338,000$3,346,000
Membership Dues$0$0$0$0$0
Investment Income$94,000$233,000$0$679,000$343,000
Other Revenue$6,034,000$6,053,000$0$4,062,000$3,536,000
Total Other Revenue$10,201,000$10,063,000$0$8,080,000$7,226,000
TOTAL REVENUE$13,553,000$14,340,000$0$17,622,000$12,332,000
Expenses20102009200820072006
Program Services$7,629,000$8,366,000$0$7,559,000$8,658,000
Management & General$3,204,000$3,270,000$0$2,287,000$2,279,000
Fundraising$0$0$0$0$0
TOTAL EXPENSES$10,833,000$11,636,000$0$9,847,000$10,937,000
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$2,719,000$2,704,000$0$7,775,000$1,395,000
Other Changes in Net Assets$0$0$0($7,000)$4,000
TOTAL CHANGE IN NET ASSETS$2,719,000$2,704,000$0$7,767,000$1,399,000