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Lutheran Bible Translators, Inc.

Rating
Sector:

Foreign Missions

Total
Revenue:

$3,688,762

Total
Expenses:

$3,929,084

Net
Assets:

$2,468,460
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 82.5%
General & Admin 12.6% 15.5%
Fundraising 6.8% 7.4%
Savings -4.3% -6.5%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Lutheran Bible Translators ("LBT") desires all people to hear and have access to God's Word in a language they easily understand. It is the only Lutheran group solely devoted to Bible translation and literacy work. The ministry relies on the financial support of individuals, congregations and foundations. As an independent mission organization, LBT coordinates its activities with the church at large and other Bible translation agencies. LBT was founded in 1964 by Rev. Morris Watkins and has played a key role in bringing the Word of God to a number of different people groups around the world. LBT works in over 20 countries with more than 100 missionaries from Australia, Canada and the USA who serve as advisors on linguistic analysis and train indigenous people as translation and literacy workers. These people are speakers of some 40 different languages. LBT missionaries do not work on "Lutheran translations" per se, they are simply Lutherans in the field of Bible translation. LBT will continue to seek out new opportunities to serve through missionaries specially trained to do sociolinguistic surveys which help identify where the translation needs are greatest.

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:PO Box 2050 303 N Lake St, Box 2050
Aurora, IL
60507-2050
Website: www.LBT.org
Phone:(630) 897-0660, (800) 532-4253
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 952630437
CEO/President: Dr. Marshall Gillam Tax Deductible: Yes
Chairman: Rev. Dr. Wayne Braun Fiscal Year End: December 31
Board Size: 13 Financial info from: 990
Founder: Rev. Morris Watkins Member of ECFA: Yes
Year Founded: 1964 Member of ECFA since: 1980

Purpose [ Back to top ]

Lutheran Bible Translators ("LBT") desires all people to hear and have access to God's Word in a language they easily understand. It is the only Lutheran group solely devoted to Bible translation and literacy work. It is not subsidized by any church body or sponsoring agency. The ministry relies on the financial support of individuals, congregations and foundations. As an independent mission organization, LBT coordinates its activities with the church at large and other Bible translation agencies. LBT was founded in 1964 by Rev. Morris Watkins and has played a key role in bringing the Word of God to a number of different people groups around the world.

LBT is working in over 20 countries around the globe. More than 100 missionaries from Australia, Canada and the USA serve as advisors on linguistic analysis and train indigenous people as translation and literacy workers. These people are speakers of some 40 different languages. LBT missionaries do not work on "Lutheran translations" per se, they are simply Lutherans in the field of Bible translation. LBT will continue to seek out new opportunities to serve through missionaries specially trained to do sociolinguistic surveys which help identify where the translation needs are greatest.

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 ]

Lutheran Bible Translators expresses its mission statement as follows:

The mission of Lutheran Bible Translators is to help bring people to faith in Jesus Christ by making the Word of God available to those who do not yet have it in the language of their hearts.

Program Accomplishments [ Back to top ]

Accompishments for 2003

  • Three new missionary teams were deployed in Ghana: a translation team and Scripture use team in one of Ghana’s northern languages; and a Scripture use consultant who will be working in Ghana and across West Africa.
  • Two new missionary teams were deployed in Namibia: one team will be working in one of the northwestern Namibian languages; a second team will be working on one translation project while supervising several other projects.
  • A new missionary team was approved for service in Nigeria.
  • An Associate missionary team in Guatemala transitioned to full-time LBT missionary status.
  • New Testament dedications were held in Liberia (Vai language), Sierra Leone (Mende language) and Brazil (Wayampi language).
  • Advanced Training: Two missionaries engaged in doctoral programs; two missionaries engaged in master’s degree programs; one missionary engaged in undergraduate degree program; one missionary engaged in advanced, non-degree, program; a prospective missionary team engaged in pre-service training; seven indigenous personnel involved in formal training at the undergraduate, master’s, and non-degree levels.

    Statement of Faith [ Back to top ]

    Lutheran Bible Translators expresses its faith as follows:

    This organization acknowledges and accepts all the canonical books of the Bible as the verbally inspired and inerrant Word of God, the only source and norm of faith and life. It also acknowledges and accepts all the confessional books of the Evangelical Lutheran Church contained in the Book of Concord of 1580 to be a true and genuine exposition of the doctrine of the Bible. This statement is irrevocable. (LBT Bylaws; Article I)

    History [ Back to top ]

    Lutheran Bible Translators was founded in 1964 by Rev. Morris Watkins. LBT is an independent mission group, founded in 1964, and is the only Lutheran organization totally devoted to this specialized ministry.

    LBT has brought the Scriptures to about five million people through 15 New Testaments which have been produced. More are nearing completion and could be published in the next five years. In addition, LBT workers have begun to produce non-print media. A video portraying the life and ministry of Christ based on the book of Luke has been dubbed into the Bandi, Grebo, and Kisi languages.

    Ministry Needs [ Back to top ]

    Because the ministry of Lutheran Bible Translators is supported by the prayers and contributions of fellow Christians, LBT is always in need of both prayers and financial contributions. In addition, missionaries are needed to fill the open translation, literacy, and vernacular media positions around the world.

    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 RankForeign Missions Sector
    Overall Efficiency RatingStarStarStar177 of 348    32 of 54
    Fund Acquisition DecisionStarStarStar177 of 348      32 of 54
    Resource Allocation Decision of 348      51 of 54
    Asset Utilization Decision of 348      51 of 54
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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 Average20102009200820072006
Return on FR Efforts10%8%6%6%6%3%
Fundraising Cost Ratio7%7%6%6%6%3%
Contributions Reliance83%98%99%98%95%96%
Fundraising Expense Ratio7%7%6%6%6%4%
Other Revenue Reliance17%2%1%2%5%4%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%78%78%80%81%82%
Spending Ratio104%107%106%109%95%89%
Program Output Ratio84%83%82%87%77%73%
Savings Ratio-4%-7%-6%-9%5%11%
Reserve Accumulation Rate4%-10%-8%-13%7%16%
General & Admin Ratio13%16%16%14%13%14%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x1.48x1.42x1.55x1.24x1.15x
Degree of L-T Investment3.06x1.28x1.34x1.34x1.26x1.27x
Current Asset Turnover5.43x1.89x1.9x2.07x1.57x1.46x
Age of Assets10.5yr(s)15.5yr(s)12.6yr(s)11.1yr(s)10.9yr(s)10.8yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x11.06x14.9x12.04x21.6x15.2x
Current Liabilities Ratio.38x.09x.07x.08x.05x.07x
Liquid Reserve Level4.95x5.78x5.9x5.3x7.31x7.67x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.07x.05x.06x.04x.05x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%63%67%60%77%83%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$373,059$411,612$708,788$1,101,144$1,139,156
Receivables, Inventories & Prepaids$129,313$159,040$165,870$177,403$151,605
Short-Term Investments$1,578,963$1,439,852$1,098,064$1,495,415$1,355,685
Total Current Assets$2,081,335$2,010,504$1,972,722$2,773,962$2,646,446
Long-Term Investments$0$0$0$0$0
Fixed Assets$504,173$597,789$563,845$575,477$606,931
Other Long-Term Assets$71,175$84,716$10,093$139,960$119,626
Total Long-Term Assets$575,348$682,505$573,938$715,437$726,557
TOTAL ASSETS$2,656,683$2,693,009$2,637,504$3,489,399$3,373,003
Liabilities20102009200820072006
Payables & Accrued Expenses$188,223$134,930$163,809$128,408$174,134
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$188,223$134,930$163,809$128,408$174,134
Debt$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$188,223$134,930$163,809$128,408$174,134
Assets20102009200820072006
Unrestricted$1,592,007$1,942,255$4,880,954$2,692,566$2,530,004
Temporarily Restricted$532,295$274,878$257,976$337,146$364,805
Permanently Restricted$344,158$340,946$334,765$331,279$304,060
NET ASSETS$2,468,460$2,558,079$2,473,695$3,360,991$3,198,869
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$3,617,437$3,568,952$3,672,145$4,364,513$4,202,027
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$60,444$36,486$80,598$199,355$156,172
Other Revenue$10,881$6,244$13,224$8,271$6,623
Total Other Revenue$71,325$42,730$93,822$207,626$162,795
TOTAL REVENUE$3,688,762$3,611,682$3,765,967$4,572,139$4,364,822
Expenses20102009200820072006
Program Services$3,045,669$2,976,467$3,290,962$3,498,296$3,173,972
Management & General$609,654$606,641$565,868$563,963$551,620
Fundraising$273,761$228,513$236,257$281,603$141,343
TOTAL EXPENSES$3,929,084$3,811,621$4,093,087$4,343,862$3,866,935
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)($240,322)($199,939)($327,120)$228,277$497,887
Other Changes in Net Assets$0$0$0($66,155)$53,455
TOTAL CHANGE IN NET ASSETS($240,322)($199,939)($327,120)$162,122$551,342