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RBC Ministries/ De Haan

Rating
Sector:

Educational Media

Total
Revenue:

$39,910,000

Total
Expenses:

$38,899,000

Net
Assets:

$7,236,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 79.2%
General & Admin 12.5% 15.1%
Fundraising 6.8% 3.4%
Savings -4.4% 2.5%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Throughout RBC's life, they have been teaching the Word of God so as to lead people of all nations to personal faith and maturity in Christ. RBC's audiences are as diverse as RBC's methods. They include pastors, counselors, lay persons, TV and radio stations, prisons, schools, businesses -- any organization with resources that can touch families, friends, churches, and client networks. The idea is that every person they reach has the potential to shine -- to spread the gospel just as Jesus commanded.

Contributions to it are fully 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 2222
Grand Rapids, MI
49501-9501
Website: www.RBC.org
Phone:(616) 942-6770, (800) 653-8333
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 381613981
CEO/President: Richard DeHaan Tax Deductible: Yes
Chairman: Marty Doorn Fiscal Year End: March 31
Board Size: 9 Financial info from: 990
Founder: Dr. M. R. De Haan Member of ECFA: Yes
Year Founded: 1938 Member of ECFA since: 1987

Purpose [ Back to top ]

Throughout RBC's life, they have been teaching the Word of God so as to lead people of all nations to personal faith and maturity in Christ. RBC's audiences are as diverse as RBC's methods. They include pastors, counselors, lay persons, TV and radio stations, prisons, schools, businesses -- any organization with resources that can touch families, friends, churches, and client networks. The idea is that every person they reach has the potential to shine -- to spread the gospel just as Jesus commanded.

This organization is a nonprofit organization. Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

RBC uses the following to express its mission:

RBC Ministries ("RBC") formally known as Radio Bible Class, changed its name in 1994. RBC strives to lead people of all nations to personal faith in Christ, to growth in Christlikeness, and to active involvement in a local Church, by teaching the Word of God through audio, video, print, computer, and correspondence media. This organization is a nonprofit organization. Contributions to it are fully deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Program Accomplishments [ Back to top ]

RBC's accomplishments and programs include some of the following:

(1) Our Daily Bread: A devotional published monthly for individuals and families who desire a close relationship with God.

(2) Campus Journal: A devotional booklet published monthly for high school and college age students to encourage dependence on God for their spiritual and emotional well-being.

(3) Daily Bible Teaching: Bible teaching presented in a practical and understandable way through television- "Day of Discovery", Radio- "Radio Bible Class", and literature- "Discovery Series".

(4) RBC Daily: A daily radio program which encourages individuals to apply the Word of God to issues in life through a systematic study of various books of the Bible.

Statement of Faith [ Back to top ]

RBC uses the following to express its statement of faith:

One God in three persons - Father, Son and Holy Spirit.

The verbal inspiration of the whole Bible as God's infallible revelation to man.

Jesus Christ's deity, virgin birth, sinless humanity, substitutionary death, atoning blood, bodily resurrection, and ascension to heaven.

Salvation by faith in Christ alone, without works, and solely by grace.

The need of works to express gratitude and give a living demonstration of God's transforming power.

The resurrection of the body: eternal glory for believers in heaven and everlasting punishment for unbelievers in hell.

The one true church, the body of Christ, consisting of all believers, regardless of race or social standing.

Obedience to our Lord's command to lead people of all nations to faith in Christ and to growth in Christlikeness.

The need for spiritual growth through Bible study, prayer, witnessing, and involvement in a Bible-believing church.

The imminent rapture of the church, and Christ's personal return to establish His kingdom on earth.

History [ Back to top ]

RBC FOUNDER M. R. De Haan was a physician who later in life became a pastor -- well known for his gravelly voice and impassioned Bible teaching. His commitment to ministry was: to lead people of all nations to personal faith and maturity in Christ.

So in 1938, from a small radio station in eastern Michigan, Detroit Bible Class was born. Suddenly the spiritual doctor was making house calls -- to hundreds of thousands of Scripture-hungry listeners.

Even though he was an unlikely radio personality -- with a rough, authoritative voice -- the program worked to great effect. And Dr. De Haan's heavily underlined reflections on the Scripture quickly became a source of biblical wisdom for many. In response to his teaching, listeners asked for transcripts of the broadcast for use as study materials. These resources, soon in great demand, were the precursor of today's widely distributed Discovery Series booklets.

From this spiritual foundation, the Grand Rapids, Michigan-based ministry continues to build upon the foundation of Dr. De Haan's vision and work. With commitment to the biblical principles set forth on the pages of this brochure, RBC Ministries today offers teaching resources to millions worldwide. While Dr. De Haan began this ministry in his basement as a family operation, today the Lord has brought together a staff of over 300 Christian workers in our US headquarters.

The ministry has international offices in 20 countries plus partners throughout the world who distribute RBC resources. Our signature publication, the daily devotional called Our Daily Bread, is translated into nearly 30 languages.

RBC Ministries changed its name from Radio Bible Class in 1994 to reflect the growth of services and resources we offer to friends worldwide.

Ministry Needs [ Back to top ]

Support comes from the gifts of those who are helped by the ministry and who desire to have a part in upholding RBC's purpose.

Interesting Footnote:

From the moment Dr. De Haan founded RBC Ministries, he believed he could trust God to set the pace of growth. Though he occasionally made financial needs known in newsletters, he vowed not to let "needs" get in the way of "message" nor to use proceeds to develop an elaborate superstructure.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:10010/21/2011 5:57:01 PM: Organization made financial information available less than 5 ½ months after their fiscal year end.
Financial Information:10010/21/2011 5:57:07 PM: Organization provided all financial information requested. Information was clear and thorough.
Foundational Clarity:10010/21/2011 5:57:15 PM: Descriptive information was abundant and thorough.
Level of Cooperation:10010/21/2011 5:57:23 PM: Answers to questions were thorough.
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEducational Media Sector
Overall Efficiency RatingStarStarStarStar80 of 348    10 of 38
Fund Acquisition DecisionStarStarStarStar80 of 348      10 of 38
Resource Allocation Decision of 348      8 of 38
Asset Utilization Decision of 348      8 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%4%4%5%4%0%
Fundraising Cost Ratio7%3%4%5%4%0%
Contributions Reliance83%95%94%96%97%98%
Fundraising Expense Ratio7%4%3%5%4%0%
Other Revenue Reliance17%5%6%4%3%2%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%81%83%82%83%86%
Spending Ratio104%97%107%102%103%101%
Program Output Ratio84%79%89%83%86%87%
Savings Ratio-4%3%-7%-2%-3%-1%
Reserve Accumulation Rate4%14%-47%-8%-11%-4%
General & Admin Ratio12%15%14%13%13%14%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.91x4.22x4.49x3.56x3.29x2.78x
Degree of L-T Investment3.1x5.27x7.3x4.68x4.1x3.61x
Current Asset Turnover5.56x22.24x32.79x16.68x13.48x10.04x
Age of Assets10.5yr(s)10.8yr(s)10.1yr(s)10.8yr(s)9.3yr(s)11.6yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3306.32x1.35x.83x1.38x2.01x2.27x
Current Liabilities Ratio.39x.74x1.2x.73x.5x.44x
Liquid Reserve Level4.91x.14x-.07x.2x.45x.67x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.22x.35x.21x.16x.16x
Debt Ratio.07x0x.12x0x0x0x
Reserve Coverage Ratio81%19%15%22%25%30%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$633,000$156,000$235,000$148,000$566,000
Receivables, Inventories & Prepaids$1,048,000$1,089,000$2,141,000$2,755,000$3,100,000
Short-Term Investments$67,000$58,000$83,000$21,000$13,000
Total Current Assets$1,749,000$1,305,000$2,460,000$2,924,000$3,679,000
Long-Term Investments$0$0$200,000$194,000$187,000
Fixed Assets$6,189,000$7,512,000$8,355,000$8,369,000$8,930,000
Other Long-Term Assets$1,287,000$708,000$500,000$500,000$500,000
Total Long-Term Assets$7,476,000$8,221,000$9,055,000$9,063,000$9,617,000
TOTAL ASSETS$9,225,000$9,526,000$11,516,000$11,988,000$13,297,000
Liabilities20102009200820072006
Payables & Accrued Expenses$1,291,000$1,570,000$1,789,000$1,454,000$1,617,000
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$1,291,000$1,570,000$1,789,000$1,454,000$1,617,000
Debt$0$1,150,000$0$0$0
Other Long-Term Liabilities$697,000$584,000$592,000$522,000$528,000
Total Long-Term Liabilities$697,000$1,734,000$592,000$522,000$528,000
TOTAL LIABILITIES$1,989,000$3,305,000$2,382,000$1,977,000$2,146,000
Assets20102009200820072006
Unrestricted$7,236,000$6,221,000$9,134,000$10,011,000$11,151,000
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$7,236,000$6,221,000$9,134,000$10,011,000$11,151,000
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$37,902,000$37,575,000$38,884,000$37,332,000$35,646,000
Program Service Revenue$49,000$0$0$0$93,000
Membership Dues$0$0$0$0$0
Investment Income$4,000$24,000($87,000)$53,000$55,000
Other Revenue$1,953,000$2,286,000$1,533,000$910,000$691,000
Total Other Revenue$2,007,000$2,310,000$1,445,000$964,000$840,000
TOTAL REVENUE$39,910,000$39,885,000$40,330,000$38,296,000$36,486,000
Expenses20102009200820072006
Program Services$31,634,000$35,412,000$33,530,000$32,804,000$31,807,000
Management & General$5,884,000$5,893,000$5,390,000$4,961,000$5,126,000
Fundraising$1,379,000$1,484,000$2,124,000$1,670,000$0
TOTAL EXPENSES$38,899,000$42,790,000$41,045,000$39,436,000$36,934,000
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$1,010,000($2,904,000)($714,000)($1,139,000)($447,000)
Other Changes in Net Assets$0$0($162,000)$0$0
TOTAL CHANGE IN NET ASSETS$1,010,000($2,904,000)($876,000)($1,139,000)($447,000)