Billy Graham Library Endowment Trust Fund

Nonprofit profile at a glance

EIN
806198602
IRS 990 coverage
2012–2014
Forms available
Form 990 2014
Location
Charlotte, NC, USA
Phone
7044012253
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Protestant
Affiliation
Christianity

Reported finances

Revenue
$18,160,124
Expenses
$470,558
Assets
$94,111,618
Liabilities
$82,560

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

19 people listed

Highest reported compensation

  • JOEL B AARSVOLD (SEC./VP CORP): $341,240 total reported compensation
  • WM FRANKLIN GRAHAM III (DIR./CHAIR/P): $258,677 total reported compensation
  • BILLY GRAHAM (DIR./CHAIR E): $242,934 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Part i, line 1, and part iii, line 1 the purpose of the billy graham library endowment trust fund is to provide an ongoing and perpetual source of funding for the operations, maintenance and long-tern improvements of the billy graham library located in charlotte, North Carolina. We believe that the problems facing our world today - economically, politically, and racially - are the direct result of human sin. The bible, which we believe is the only inspired word of god, states that "all have sinned and fall short of the glory of god." (romans 3:23) sin separates us from god: "the wages of sin is death" (romans 6:23), and as a result, the whole earth and everything in it are under god's curse. There is good news, and we proclaim it to anyone and everyone who will hear. God sent his son, jesus christ, from heaven to earth to take our sins upon himself. He paid the penalty for our sins by dying in our place on the cross, and then he rose again to life. Jesus opened the way for us to know g

What it reported doing in 2014

The purpose of the billy graham library endowment trust fund is to provide an ongoing and perpetual source of funding for the operations, maintenance and long-term improvements of the library located in charlotte, North Carolina. The billy graham library is an ongoing evangelistic crusade. In 2014, over 144,000 visited the billy graham library having the opportunity to hear the gospel message with more than 1,700 people making life-changing commitments to jesus christ. It is the desire of the board of directors that there should never be an admission fee to the library so that all can hear or experience the gospel of jesus christ. This primary objective , as well as the investment objective of preserving and protecting the fund's assets, will be accomplished by focusing on the conservation of principal and long-term growth of capital and income. This is generally achieved by investing in a diversified portfolio of high quality securities.

Operating model

Revenue model
Affiliate-supported. 93% of the money available for current operations came from contributions from related organizations.
Distribution model
Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.

The verdict

MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 70
  • Accountability: 83
  • Sustainability: 88
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.7%; rating input score 1
  • Program expense ratio: 11.1%; rating input score 11
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 14th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 97.4%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 200; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 102%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -188.7% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 82.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 12.5% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 0.7% of revenue deployed · 11.1% of spending went to programs
  • Governance: 10 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $52K in reported program spending
  • Leadership: top reported pay $341K · 19 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $205K reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2012 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.