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World Missionary Press, Inc.

Rating
Sector:

Publishing

Total
Revenue:

$3,708,701

Total
Expenses:

$3,520,202

Net
Assets:

$1,785,951
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 79.1%
General & Admin 12.5% 12.1%
Fundraising 6.8% 4.1%
Savings -4.4% 5%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

World Missionary Press, Inc. ("WMP") is an inter- denominational faith ministry which strives to spread the Word of God by producing, mailing, and shipping topical Scripture booklets, Bible studies, and New Testaments for free distribution worldwide. WMP produces a 48-page topical Scripture booklet in over 300 languages (it also provides Bible studies and New Testaments in a variety of languages) which have been sent to more than 200 countries and islands. WMP was founded In 1961 by Watson and Rose Goodman. World Missionary Press operates with the support of 270 volunteer workers from 67 churches within a several state radius, who donate time and energy each month to work of the ministry. 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 120
New Paris, IN
46553-0120
Website: www.wmpress.org
Phone:(574) 831-2111
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 351076405
CEO/President: Mr. Jay Benson Tax Deductible: Yes
Chairman: Mr. Robert Moore, Sr. Fiscal Year End: September 30
Board Size: 12 Financial info from: Audit
Founder: Watson and Rose Goodman Member of ECFA: Yes
Year Founded: 1961 Member of ECFA since: 1982

Purpose [ Back to top ]

World Missionary Press, Inc. ("WMP") is an interdenominational faith ministry which strives to spread the Word of God by producing, mailing, and shipping topical Scripture booklets, Bible studies, New Testaments, and salvation coloring books for free distribution worldwide. WMP produces a 48-page topical Scripture booklet in over 300 languages (it also provides Bible studies and New Testaments in a variety of languages) which have been sent to more than 200 countries and islands. WMP was founded In 1961 by Watson and Rose Goodman. World Missionary Press operates with the support of 270 volunteer workers from 67 churches within a several state radius, who donate time and energy each month to the work of the ministry.

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 ]

World Missionary Press, Inc. describes its mission as follows:

Our mission is to produce and ship millions of Scripture-by-subject booklets, Bible studies, New Testaments and other Scriptural literature which conveys the message of the gospel of Jesus Christ in the languages of the people for free distribution throughout the world as God provides the means.


During our 40 years of ministry, World Missionary Press has provided to eager volunteer distributors in 219 countries more than 1,000,000,000 Scripture booklets and Bible study booklets - now in more than 300 languages.

We firmly believe in the relevance and power of God's Word for the needs of mankind today. It is the world's best source of teaching, conviction, correction, and instruction in righteous living. It clearly points the way to forgiveness of sin and eternal life in heaven.

Program Accomplishments [ Back to top ]

World Missionary Press, Inc.'s accomplishments and programs for 2000 include some of the following:

WMP Scriptures have gone into 219 countires of the world.

Scripture booklets have been printed in 305 languages.

This past fiscal year WMP produced 43,248,700 Scripture booklets the size of Help From Above, 2,717,600 Bible studies, and 125,000 New Testaments.

All 40 paid workers, including the president, receive the same hourly wage, recently raised from $6.75 to $7.00.

Production cost per 48-page booklet this past year, including overhead, was about 4 cents each (including postage). Every dollar contributed for Scripture booklets produces booklets for about 25 people.

WMP produces approximately 4,000,000 Scripture booklets each month to send out free of charge. Since its inception, the ministry has sent more than 990,000,000 Scripture booklets and Bible study booklets by request into 219 countries and islands of the world.

Statement of Faith [ Back to top ]

World Missionary Press, Inc. subscribes to the following statement of faith:

We believe the Bible to be the inspired, the only infallible authoritative Word of God.

We believe that there is one God eternally existent in three persons: Father, Son, and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.

We believe that for the salvation of lost and sinful men, regeneration by the Holy Spirit is absolutely essential and that salvation comes through faith in Jesus Christ alone.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost - those who are saved unto the resurrection of life and those who are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ.

History [ Back to top ]

World Missionary Press, Inc. began in the hearts of Watson and Rose Goodman while they were missionaries. In 1951, they established Gospel Centre Work, a faith ministry, concentrating their efforts mainly on evangelizing the children and youth in neglected black areas around Germiston, South Africa. At home, the Goodmans would clear off their dining room table, place a mimeograph machine on it, and run pages with Scriptures and pictures to color for the 2,000 black children they taught weekly in the five townships surrounding Germiston.

Watson's vision for reaching the world through Scripture booklets distributed free of charge grew in intensity. In 1961 God led them to the U.S. to establish World Missionary Press in Winona Lake, Indiana. A small building was dedicated November 11, 1961. Watson's initial three goals for WMP were:
To believe God eventually for a half million dollars a year
To send out one million Scripture booklets a month free of charge
To print in 300 languages

God's provision has far surpassed Watson's first two goals. Income has risen to nearly $2.4 million a year. WMP currently prints 4 million Scripture booklets per month. They have been distributed free of charge in 219 countries and islands. The third goal was realized when the 300th language, Hmong Daw, was produced in January, 2000.

In 1970 WMP outgrew its Winona Lake facilities, and due to rezoning was unable to expand on-site. Believing that "disappointments are God's appointments," the Goodmans searched for a new location. They determined from a map showing where all the volunteers came from that New Paris would be a central location.

A couple from New Paris, Indiana, who had been driving to Winona Lake to volunteer at World Missionary Press, had been impressed by God not to sell their land in New Paris. When Watson and Rose Goodman approached them about buying the land for WMP's new headquarters, the couple offered the land at one-fourth of its value, because it was to be used for the Lord's work. WMP now resides on County Road 146, next to Marietta Drive in New Paris.

Rose always remembered her precious black children in South Africa, whom she tearfully but obediently left behind. So in 1991, when given the opportunity, she gladly wrote the illustrated children's booklet, The Way to God. WMP now prints about 20 publications, including topical Scripture booklets, Bible studies, and New Testaments, and children's salvation coloring books such as He Is Risen!

Presently overseeing the work of World Missionary Press are President Jay Benson (since 1988) and Treasurer Vicky (Goodman) Benson (oldest child of Watson and Rose).

In 1994 World Missionary Press joined hands with Every Home for Christ by committing to print six million special 2-in-1 Scripture booklets in nine African languages for distribution to every black home in the Goodmans' adopted homeland of South Africa. World Missionary Press networks with many other ministries, including Gospel for Asia, Operation Mobilization, and Every Home for Christ in providing tools for their ministries, both large and small.

Ministry Needs [ Back to top ]

World Missionary Press, Inc. is a faith based ministry and believes that prayer is vital for it to function effectively as a ministry. WMP encourages you to pray with it and for it. By keeping WMP in your prayers you become a part of its work around the world. WMP asks for prayers that the Lord will continue to increase its efficiency and its income, so that the ministry can continue to increase its level of production. WMP also asks for prayer especially for opportunities in war-torn areas, poverty-stricken areas, and areas where the Word of God has been restricted.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:90
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankPublishing Sector
Overall Efficiency RatingStarStarStarStar94 of 348    1 of 8
Fund Acquisition DecisionStarStarStarStar94 of 348      1 of 8
Resource Allocation Decision of 348      5 of 8
Asset Utilization Decision of 348      5 of 8
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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 Average20092008200720062005
Return on FR Efforts10%4%4%4%5%0%
Fundraising Cost Ratio7%4%4%4%5%0%
Contributions Reliance83%98%97%97%94%0%
Fundraising Expense Ratio7%4%4%5%4%0%
Other Revenue Reliance17%2%3%3%6%0%
Operating RatiosDatabase Average20092008200720062005
Program Expense Ratio80%83%84%83%82%0%
Spending Ratio104%95%96%92%115%0%
Program Output Ratio84%79%81%77%94%0%
Savings Ratio-4%5%4%8%6%0%
Reserve Accumulation Rate4%11%9%18%12%0%
General & Admin Ratio12%12%12%12%14%0%
Investing RatiosDatabase Average20092008200720062005
Total Asset Turnover2.91x1.64x1.83x1.56x.61x0x
Degree of L-T Investment3.1x2.36x2.87x3.28x8.91x0x
Current Asset Turnover5.56x3.88x5.24x5.1x5.47x0x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20092008200720062005
Current Ratio3306.32x4.34x3.04x3.18x2.24x0x
Current Liabilities Ratio.39x.23x.33x.31x.45x0x
Liquid Reserve Level4.91x2.38x1.53x1.61x1.22x0x
Solvency RatiosDatabase Average20092008200720062005
Liabilities Ratio.3x.17x.19x.28x.14x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%51%44%46%44%0%

Financials[ Back to top ]

Balance Sheet
Assets20092008200720062005
Cash$166,227$164,227$158,016$129,820$0
Receivables, Inventories & Prepaids$742,000$213,565$185,200$224,140$0
Short-Term Investments$0$312,030$287,030$135,000$0
Other Current Assets$0$0$0$0$0
Total Current Assets$908,227$689,822$630,246$488,960$0
Long-Term Investments$176,882$156,061$379,239$428,726$0
Fixed Assets$1,057,183$1,130,535$1,056,469$3,439,666$0
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$1,234,065$1,286,596$1,435,708$3,868,392$0
TOTAL ASSETS$2,142,292$1,976,418$2,065,954$4,357,352$0
Liabilities20092008200720062005
Payables & Accrued Expenses$153,191$160,935$134,325$149,179$0
Other Current Liabilities$56,167$66,167$64,045$68,882$0
Total Current Liabilities$209,358$227,102$198,370$218,061$0
Debt$0$0$0$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$146,983$152,888$375,692$397,364$0
Total Long-Term Liabilities$146,983$152,888$375,692$397,364$0
TOTAL LIABILITIES$356,341$379,990$574,062$615,425$0
Assets20092008200720062005
Unrestricted$1,733,331$1,544,832$1,404,271$1,141,123$0
Temporarily Restricted$52,620$51,596$87,621$38,600$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$1,785,951$1,596,428$1,491,892$1,179,723$0
Revenue and Expenses
Revenue20092008200720062005
Total Contributions$3,636,229$3,655,586$3,382,729$2,198,031$0
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$5,915$20,089$26,777$8,269$0
Other Revenue$66,557$82,289$69,676$123,557$0
Total Other Revenue$72,472$102,378$96,453$131,826$0
TOTAL REVENUE$3,708,701$3,757,964$3,479,182$2,329,857$0
Expenses20092008200720062005
Program Services$2,937,050$3,032,882$2,671,785$2,182,755$0
Management & General$428,500$435,570$395,583$372,608$0
Fundraising$154,652$148,951$148,666$119,706$0
TOTAL EXPENSES$3,520,202$3,617,403$3,216,034$2,675,069$0
Change in Net Assets20092008200720062005
SURPLUS (DEFICIT)$188,499$140,561$263,148$136,026$0
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$188,499$140,561$263,148$136,026$0