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Advancing Renewal Ministries, Inc.

Rating
Sector:

Evangelism Support

Total
Revenue:

$142,059

Total
Expenses:

$148,143

Net
Assets:

$33,428

Profile Changes

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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 82.1% 63.4%
General & Admin 12.7% 23.4%
Fundraising 6.3% 16.3%
Savings -1.1% -4.2%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

    Advancing Renewal Ministries (ARM) is a tax deductible non-profit corporation incorporated in 1983 to help Christian churches reach the "unreached people groups" of the world with the gospel. Two billion men, women and children have no indigenous church, no pastor and no Bible.

    The goal of ARM's global outreach is to establish self-supporting, indigenous congregations who will evangelize their own people group and, in time, send their own missionaries to other people groups.

    ARM's strategy to accomplish this is:
  • To teach national Christian pastors, evangelists and leaders in Pastor's Conferences and Leadership Training Schools in the field.
  • To train Seminary and Bible school students, evangelists, village workers and Bible women by sending guest professors to their schools and providing necessary materials.
  • To equip national Christians by providing short term financial support, Bibles and literature, bicycles, Jesus films and projectors, and such other "special projects" as they agree upon and are able.
  • To provide micro business loans to widows so they can provide for themselves and their children.

    ARM's second goal is to bring spiritual renewal to American congregations. The organization relies on the Holy Spirit to help call them into cross-cultural missions at home and abroad. ARM gives missions awareness seminars, sermons, speak in Bible classes and at missions conferences.

    ARM also publishes a free, monthly newsletter and sends out email updates. If you would like to receive one please contact their office.

    ARM has ministered in over 25 countries and networks with other Christian organizations to conduct leadership conferences, support Bible schools, and equip evangelists with Bible films, Bibles and Bicycles. ARM operates the "Hope for the Future Widows Loan Fund" to help widows become self-supporting. ARM is involved in many kinds of evangelism, including child evangelism, and supports orphanages on a "special project" basis, as they are able.

    Dr. Art and Nancy Vincent, Founder and Co-Directors of ARM, are evangelical Lutheran in background but minister non denominationally. They are open to the gifts of the Holy Spirit as He desires to bestow them. In every country and continent, they experience God confirming His word with signs, wonders and miracles today.

    ARM is supported by the prayers and generous gifts of individuals, Bible study and prayer groups and Christian congregations who know their work and want to help.

Contact Information: [ Back to top ]

Mailing Address:11616 Sir Francis Drake Dr.
Charlotte, NC
28277-8277
Website: www.advancingrenewalministries.org
Phone:(704) 846-9355
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 431308351
CEO/President: Dr. Art Vincent Tax Deductible: Yes
Chairman: Fiscal Year End: December 31
Board Size: 4 Financial info from: 990
Founder: Art and Nancy Vincent Member of ECFA: No
Year Founded: 1983 Member of ECFA since:

Purpose [ Back to top ]

    Advancing Renewal Ministries (ARM) is a tax deductible non-profit corporation incorporated in 1983 to help Christian churches reach the "unreached people groups" of the world with the gospel. Two billion men, women and children have no indigenous church, no pastor and no Bible.

    The goal of ARM's global outreach is to establish self-supporting, indigenous congregations who will evangelize their own people group and, in time, send their own missionaries to other people groups.

    ARM's strategy to accomplish this is:
  • To teach national Christian pastors, evangelists and leaders in Pastor's Conferences and Leadership Training Schools in the field.
  • To train Seminary and Bible school students, evangelists, village workers and Bible women by sending guest professors to their schools and providing necessary materials.
  • To equip national Christians by providing short term financial support, Bibles and literature, bicycles, Jesus films and projectors, and such other "special projects" as they agree upon and are able.
  • To provide micro business loans to widows so they can provide for themselves and their children.

    ARM's second goal is to bring spiritual renewal to American congregations. The organization relies on the Holy Spirit to help call them into cross-cultural missions at home and abroad. ARM gives missions awareness seminars, sermons, speak in Bible classes and at missions conferences.

    ARM also publishes a free, monthly newsletter and sends out email updates. If you would like to receive one please contact their office.

    ARM has ministered in over 25 countries and networks with other Christian organizations to conduct leadership conferences, support Bible schools, and equip evangelists with Bible films, Bibles and Bicycles. ARM operates the "Hope for the Future Widows Loan Fund" to help widows become self-supporting. ARM is involved in many kinds of evangelism, including child evangelism, and supports orphanages on a "special project" basis, as they are able.

    Dr. Art and Nancy Vincent, Founder and Co-Directors of ARM, are evangelical Lutheran in background but minister non denominationally. They are open to the gifts of the Holy Spirit as He desires to bestow them. In every country and continent, they experience God confirming His word with signs, wonders and miracles today.

    ARM is supported by the prayers and generous gifts of individuals, Bible study and prayer groups and Christian congregations who know their work and want to help.

Mission Statement [ Back to top ]

Need Mission Statement

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

This profile needs a statement of faith

History [ Back to top ]

Need History Info

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:1005/17/2005 10:56:38 AM: Organization made financial information available less than 5 ½ months after their fiscal year end.
Financial Information:1005/17/2005 10:56:44 AM: Organization provided all financial information requested. Information was clear and thorough.
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 RatingStarStar279 of 357    26 of 35
Fund Acquisition DecisionStar339 of 357      32 of 35
Resource Allocation DecisionStar343 of 357      34 of 35
Asset Utilization DecisionStarStarStarStar61 of 357      5 of 35
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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 Average20072006200520042003
Return on FR Efforts9%16%16%19%0%0%
Fundraising Cost Ratio6%16%16%19%0%0%
Contributions Reliance83%100%100%100%0%0%
Fundraising Expense Ratio6%16%15%14%0%0%
Other Revenue Reliance17%0%0%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%61%70%66%0%0%
Spending Ratio101%104%106%138%0%0%
Program Output Ratio82%63%74%91%0%0%
Savings Ratio-1%-4%-6%-38%0%0%
Reserve Accumulation Rate2%-17%-22%-73%0%0%
General & Admin Ratio13%23%15%21%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.61x4.43x4.32x4.24x0x0x
Degree of L-T Investment3x1.08x1.15x1.16x0x0x
Current Asset Turnover4.93x4.79x4.96x4.91x0x0x
Age of Assets9.6yr(s)23.6yr(s)22.6yr(s)21.6yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio116.98x0x0x-35.2x0x0x
Current Liabilities Ratio.32x0x0x-.03x0x0x
Liquid Reserve Level5.67x2.51x2.42x2.45x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x0x0x-.02x0x0x
Debt Ratio.06x0x0x0x0x0x
Reserve Coverage Ratio86%25%26%38%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$30,953$34,437$41,390$94,902$57,019
Receivables, Inventories & Prepaids$0$0$0$0$0
Short-Term Investments$0$0$0$0$0
Total Current Assets$30,953$34,437$41,390$94,902$57,019
Long-Term Investments$0$0$0$0$0
Fixed Assets$1,299$3,899$6,499$9,099$11,650
Other Long-Term Assets$1,176$1,176$0$0$0
Total Long-Term Assets$2,475$5,075$6,499$9,099$11,650
TOTAL ASSETS$33,428$39,512$47,889$104,001$68,669
Liabilities20072006200520042003
Payables & Accrued Expenses$0$0$0$0$0
Other Current Liabilities$0$0($1,176)($1,176)$6,489
Total Current Liabilities$0$0($1,176)($1,176)$6,489
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$0$0($1,176)($1,176)$6,489
Assets20072006200520042003
Unrestricted$33,428$39,512$49,065$105,177$62,180
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$33,428$39,512$49,065$105,177$62,180
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$142,059$161,291$146,925$230,961$177,833
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$0$0$0$92$262
Other Revenue$0$0$0$0$0
Total Other Revenue$0$0$0$92$262
TOTAL REVENUE$142,059$161,291$146,925$231,053$178,095
Expenses20072006200520042003
Program Services$90,131$119,669$133,823$127,988$146,359
Management & General$34,746$25,919$41,719$40,197$29,970
Fundraising$23,266$25,256$27,495$19,871$24,662
TOTAL EXPENSES$148,143$170,844$203,037$188,056$200,991
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($6,084)($9,553)($56,112)$42,997($22,896)
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS($6,084)($9,553)($56,112)$42,997($22,896)

Functional Expenses [ Back to top ]

Funding Ratios20072006200520042003
Grants & Allocations$0$0$0$0$0
Specific Assistance to Individuals$0$0$0$0$0
Benefits Paid To or For Members$0$0$0$0$0
Compensation of Officers, Directors$35,812$46,953$38,741$40,425$40,425
Other Salaries, Wages$10,544$10,004$15,514$19,750$18,074
Pension Plan Contributions$0$0$0$0$0
Other Employee Benefits$8,065$0$13,487$10,525$7,974
Payroll Taxes$807$765$1,244$2,129$1,365
Professional Fundraising Fees$0$0$0$0$0
Accounting Fees$400$400$350$450$400
Legal Fees$0$0$0$0$0
Supplies$0$0$5,559$1,425$14,580
Telephone$1,991$2,177$1,837$2,277$3,081
Postage & Shipping$4,302$2,059$2,267$2,357$3,206
Occupancy$14,858$14,940$14,940$14,940$14,941
Equipment Rental & Maintenance$0$0$0$0$0
Printing & Publications$0$0$0$0$0
Travel$0$0$0$0$0
Conferences, Conventions & Meetings$0$0$0$0$0
Interest$0$0$0$449$299
Depreciation, Depletion etc.$2,600$2,600$2,600$2,550$3,411
Other Expenses$68,764$90,946$106,498$90,779$93,235
Total Functional Expenses$148,143$170,844$203,037$188,056$200,991