El Centro Network Inc

What it reported doing in 2020

WHO WE ARE & WHAT WE DOEl Centro Network (ECN) is dedicated to the advancement of Bible engagement globally. We are the #1 content provider for YouVersion's Bible App, providing content in Spanish and English. ECN partners with key ministries, churches, pastors and publishing houses to produce new Bible Reading Plans for the Bible App, created from content provided by the partners. WHY - OUR MISSIONECN's Vision is to see Spanish speakers globally engaging with the Bible four times per week leading to life transformation. The YouVersion Bible App was created in 2007, with the mission to help people fully engage with the Bible. It's a simple, ad-free Bible that brings God's Word into the daily life of millions around the world in over 1,400 translations and 1,000 languages. It is available for phones, tablets, and computers, making the Bible available anywhere! Today, there is a major lack of Spanish content available on the Bible App when compared to English available content. Therefore, ECN has partnered with YouVersion to fill the gap. Within the first year of operations, ECN has tracked more than 10 million (and counting) daily devotionals of ECN provided content that have been read by people around the globe. Someone who engages the Bible four or more times per week is: 228% more likely to share their faith with others, 407% more likely to memorize scripture, 59% less likely to view porn and 30% less likely to struggle with loneliness. WHAT YOUVERSION BIBLE APP IS SAYING ABOUT ECN"We've seen a year- over-year increase of 81% for Spanish Bible Plans completed which we celebrate with El Centro Network, who has generously contributed to this success in 2017." -YouVersion HOW CAN WE PUBLISH YOU ON THE BIBLE APPAs our Partner, you can send us any type of content: Sermons (Audio or Video), Devotionals, Books, Articles, Blog Posts, Song Lyrics, PowerPoint Presentations, etc. Through our partnership with YouVersion, our Editors will curate your content into a Bible Reading Plan and upload it into the Bible App in Spanish and English. Impact the world by becoming a Partner, providing Bible based content and funding the expansion of The Word.

Financial Efficiency

• Mission deployment rate: 70.9%; rating input score 71
• Program expense ratio: 79.6%; rating input score 80
• Fundraising efficiency: $360.07 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 11%; rating input score 54; 54th percentile among comparable filings
• Total-asset coverage ratio: 0.8; rating input score 28; 28th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 9; 9th percentile among comparable filings
• Officer compensation ratio: 24.5%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: -13.5% per year; rating input score 0; 14th percentile among comparable filings
• Revenue growth: 2.3% per year; rating input score 100; 50th percentile among comparable filings
• Asset growth: 101.2% per year; rating input score 100; 99th percentile among comparable filings