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Pacific Island Ministries, Inc.

Rating
Sector:

Evangelism Support

Total
Revenue:

$502,302

Total
Expenses:

$466,576

Net
Assets:

$50,336
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 83.7%
General & Admin 12.5% 7.9%
Fundraising 6.8% 1.7%
Savings -4.4% 7.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Pacific Island Ministries, Inc. ("PIM") is a discipling and training mission. The primary avenue by which the ministry conducts its operations is through missionary education in Papua New Guinea. Specifically this is done through educational and vocational training of indigenous controlled schools of mission. PIM works in remote areas promoting the knowledge of Scripture and obedience to its mandate. PIM's programs provide the following: sponsorship of schools, Bible education, adult training courses, the supply of Christian educational materials, community development, health services, the installation of clean water systems, program support activities, the training of nationals for their continued expansion, and presenting North Americans with the needs. PIM operates largely in rural Papua New Guinea, in the upper Sepik Basin and in the Waria Valley. PIM is related to Pacific Ministries Developments by identical boards (funds are segregated according to source and purpose) and affiliated with Pacific Island Ministries (Canada). 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 1765
Grass Valley, CA
95945-1765
Website: www.piministries.org
Phone:(530) 272-8170
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 942453418
CEO/President: Mr. Douglas Heidema Tax Deductible: Yes
Chairman: Mr Robert Van Sprosen Fiscal Year End: June 30
Board Size: 15 Financial info from: 990
Founder: Mr. Orneal Kooyers Member of ECFA: Yes
Year Founded: 1977 Member of ECFA since: 1980

Purpose [ Back to top ]

Pacific Island Ministries, Inc. ("PIM") is a discipling and training mission. The primary avenue by which the ministry conducts its operations is through missionary education in Papua New Guinea. Specifically this is done through educational and vocational training of indigenous controlled schools of mission. PIM works in remote areas promoting the knowledge of Scripture and obedience to its mandate. PIM's programs provide the following: sponsorship of schools, Bible education, adult training courses, the supply of Christian educational materials, community development, health services, the installation of clean water systems, program support activities, the training of nationals for their continued expansion, and presenting North Americans with the needs. PIM operates largely in rural Papua New Guinea, in the upper Sepik Basin and in the Waria Valley, however it also fosters development of indigenous Christian leadership elsewhere, especially in third world countries, using its publications promoting Biblical principles. PIM is related to Pacific Ministries Developments by identical boards (funds are segregated according to source and purpose) and affiliated with Pacific Island Ministries (Canada).

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 ]

Pacific Island Ministries expresses its purpose statement as follows:

Pacific Island Ministries is a discipling, training mission with special interest in Papua New Guinea where the mission pioneers in remote areas promoting the knowledge of Scripture and obedience to its mandates through sponsorship of schools, Bible education, adult training courses, the supply of Christian educational materials, community development, health services, the installation of clean water systems, the support activities making these possible, the training of nationals for their continued expansion, and presenting North Americans with the needs. PIM also fosters development of indigenous Christian leadership elsewhere, especially in third world countries, among the disadvantaged, using its publications promoting Biblical principles.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

Pacific Island Ministries expresses its statement of faith as follows:

The Scriptures, the Bible, are the Word of God and divinely inspired, true and absolutely trustworthy; therefore they have authority over everyone's life in every respect.

God exists as the one eternal God, Creator and Lord of the universe, who, in the unity of the Father, the Son, and the Holy Spirit, governs all things according to His will and accomplishes His purposes in the world and in the church.

Man has fallen from fellowship with God by the disobedience of man's first parents Adam and Eve, and, therefore, suffers in a depraved state in need of regeneration and sanctification by the Holy Spirit.

God intervened in the person of His Son, Jesus Christ, who being born of a virgin, made atonement for man's sins by his death and the shedding of blood on the cross, rose bodily again on the third day, to ascend and to rule at the right hand of the Father.

Only by repentance and believing that his personal sins are forgiven in Christ's sacrifice is man restored by grace to communion with God and has the power in the person of the Holy Spirit to be transformed into God's likeness.

Christ will return when God's purposes are completed to raise both the righteous and the unrighteous for judgment to reward and to punish man according to his works.

God grants everlasting life and glorious, eternal fellowship for those who are saved, and assigns eternal punishment to those who are not.

History [ Back to top ]

Pacific Island Ministries was established by Neal and Martha Kooyers and a group of West Coast Christians as a nonprofit and tax-exempt corporation on December 16, 1977. It was originally called Sepik Christian Akademies, Inc., and was intended for the purpose of supporting Christian missionary activities in Papua New Guinea. The corporation's name was changed to Pacific Island Ministries, Inc. on August 27, 1981.

Pacific Island Ministries, Inc. is a charter member of the Evangelical Council for Financial Accountability (ECFA), and has continued as a member since 1980. (From the PIMI - Notes to the Financial Statement, July 31, 1999)

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 RankEvangelism Support Sector
Overall Efficiency RatingStarStarStarStar39 of 348    5 of 37
Fund Acquisition DecisionStarStarStarStar39 of 348      6 of 37
Resource Allocation Decision of 348      31 of 37
Asset Utilization Decision of 348      31 of 37
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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 Average20082007200620052004
Return on FR Efforts10%2%2%2%0%0%
Fundraising Cost Ratio7%2%2%2%0%0%
Contributions Reliance83%99%99%99%0%0%
Fundraising Expense Ratio7%2%2%2%0%0%
Other Revenue Reliance17%1%1%1%0%0%
Operating RatiosDatabase Average20082007200620052004
Program Expense Ratio80%90%88%90%0%0%
Spending Ratio104%93%106%97%0%0%
Program Output Ratio84%84%94%88%0%0%
Savings Ratio-4%7%-6%3%0%0%
Reserve Accumulation Rate4%71%-171%32%0%0%
General & Admin Ratio12%8%10%8%0%0%
Investing RatiosDatabase Average20082007200620052004
Total Asset Turnover2.91x9.17x17.4x4.59x0x0x
Degree of L-T Investment3.1x1.04x1.1x1.03x0x0x
Current Asset Turnover5.56x9.5x19.15x4.75x0x0x
Age of Assets10.5yr(s)13.5yr(s)5.6yr(s)6.1yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20082007200620052004
Current Ratio3306.32x86.02x2.27x1.64x0x0x
Current Liabilities Ratio.39x.01x.44x.61x0x0x
Liquid Reserve Level4.91x1.25x.35x.99x0x0x
Solvency RatiosDatabase Average20082007200620052004
Liabilities Ratio.3x.01x.4x.59x0x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%11%3%9%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$49,119$20,647$92,767$31,032$57,460
Receivables, Inventories & Prepaids$0$1,510$0$510$905
Short-Term Investments$0$0$0$0$3,980
Total Current Assets$49,119$22,157$92,767$31,542$62,345
Long-Term Investments$0$0$0$0$0
Fixed Assets$1,096$1,538$2,522$1,386$2,124
Other Long-Term Assets$692$692$692$692$692
Total Long-Term Assets$1,788$2,230$3,214$2,078$2,816
TOTAL ASSETS$50,907$24,387$95,981$33,620$65,161
Liabilities20082007200620052004
Payables & Accrued Expenses$571$9,777$56,439$6,629$12,283
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$571$9,777$56,439$6,629$12,283
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$571$9,777$56,439$6,629$12,283
Assets20082007200620052004
Unrestricted$50,336$5,868$17,040$26,991$36,588
Temporarily Restricted$0$8,742$22,502$0$16,290
Permanently Restricted$0$0$0$0$0
NET ASSETS$50,336$14,610$39,542$26,991$52,878
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$499,027$396,359$449,811$388,191$300,035
Program Service Revenue$0$3,060$3,060$2,805$4,624
Membership Dues$0$0$0$0$0
Investment Income$25$49$41$42$71
Other Revenue$3,250$0$0$0$0
Total Other Revenue$3,275$3,109$3,101$2,847$4,695
TOTAL REVENUE$502,302$399,468$452,912$391,038$304,730
Expenses20082007200620052004
Program Services$420,912$375,348$396,364$373,477$243,927
Management & General$37,013$41,479$36,581$39,313$41,768
Fundraising$8,651$7,573$7,416$3,859$5,594
TOTAL EXPENSES$466,576$424,400$440,361$416,649$291,289
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)$35,726($24,932)$12,551($25,611)$13,441
Other Changes in Net Assets$0$0$0($276)$996
TOTAL CHANGE IN NET ASSETS$35,726($24,932)$12,551($25,887)$14,437