Joyce Meyer Ministries - Annual Report
“For the mountains may move and the hills disappear, but even then my faithful love for you will remain…says the Lord, who has mercy on you.” —Isaiah 54:10 “When you pass through the waters, I will be with you….” —Isaiah 43:2 “God is our refuge and strength, an everpresent help in trouble.” —Psalm 46:1 “If you pour yourself out for the hungry…then shall your light rise in the darkness.” —Isaiah 58:10 “He is my rock and my salvation; My hope comes from him.” —Psalm 62:5-7 “I will restore you to health and heal your wounds, declares the Lord.” —Jeremiah 30:17 “With man this is impossible, but with God all things are possible.” —Mahew 19:26 “Fear not, for I have redeemed you; I have called you by name, you are mine.” —Isaiah 43:1 “Fear not [there is nothing to fear], for I am with you.” —Isaiah 41:10 “He will call on me, and I will answer him; I will be with him in trouble, I will deliver him and honor him.” —Psalm 91:15 “For I know the plans that I have for you, says the Lord…to give you hope.” —Jeremiah 29:11 He heals the brokenhearted and binds up their wounds. —Psalm 147:3 “For great is your love, higher than the heavens; your faithfulness reaches to the skies.” —Psalm 108:4 “I will make a way in the wilderness and rivers in the desert.” —Isaiah 43:19 “The Lord has done great things for us, and we are lled with joy.” —Psalm 126:3 “You have been a shelter from the storm.” —Isaiah 25:4 “The steadfast love of the Lord never ceases; his mercies never come to an end; they are new every morning; great is your faithfulness.” —Lamentations 3:22- 23 “I sought the Lord, and he answered me; he delivered me from all my fears.” —Psalm 34:4 “For I am the Lord Who heals you.” —Exodus 15:26 “O Lord my God, I cried to you for help, and you have healed me.” —Psalm 30:2 “And my God will meet all your needs according to the riches of his glory.” —Philippians 4:19 He sent out his word and healed them. —Psalm 107:20 “You have loved back my life from the pit of destruction.” —Isaiah 38:17 “For He [God] Himself has said, I will not in any way fail you nor give you up nor leave you without support…[Assuredly not!]” —Hebrews 13:5 “He is my rock and my salvation; he is my fortress, I will not be shaken. My hope comes from him.” —Psalm 62:5-7 “Behold, I am the Lord…Is anything too dicult for Me?” —Jeremiah 32:27 “Don’t be afraid, for I am with you. Don’t be discouraged, for I am your God. I will strengthen you and help you. I will hold you up with My victorious right hand.” —Isaiah 41:10 “The Lord your God is in your midst, a mighty one who will save….” —Zephaniah 3:17 “Nothing in all creation will ever be able to separate us from the love of God that is revealed in Christ Jesus our Lord.” —Romans 8:39 “It is the Lord who goes before you. He will be with you; he will not leave you or forsake you. Do not fear or be dismayed. —Deuteronomy 31:8 “But you, O Lord, are a God merciful and gracious…abounding in steadfast love and faithfulness.” —Psalm 86:16 “He gives power to the faint, and to him who has no might he increases strength.” —Isaiah 40:29 “God, His way is perfect. He is a shield
With Man This Is Impossible, But With God...
AR20 _FC BC R16.indd 2 5/21/21 8:38 AM AR20 - Front Cover Annual Report 2020 ⟶ Table of Contents
006. Is Possible. HOPEWhen the pandemic left people struggling nancially and searching for answers, you helped thousands like DARLA in so many unexpected ways.
010. RESTORATION Is Possible. How did you respond when families were devastated by natural disasters? DAVID can tell you. Learn how you helped him and others worldwide.
014. NEW LIFE Is Possible. BECKY shares how one special night changed her life. Discover how you reached people with God’s Word in their greatest moments of need.
AR20 000-005 Intro Pages R13.indd 1 5/21/21 9:18 AM AR20 - Intro Pages - Page i 020. FREEDOM Is Possible. PHA was trapped in a life of prostitution until you rescued her. Learn how you became the hero for hundreds of women and girls in need.
024. HEALING Is Possible. As SONIA limped into the clinic in El Salvador, she had no idea it would change her life forever. Discover how you provided critical medical and dental care in 2020.
028. MIRACLES Are Possible. BRITTANY has a story to tell. It’s about how God used you to deliver the miracle she needed. Read how you brought lifesaving food and water to people everywhere.
joycemeyer.org/AllThingsPossible
AR20 000-005 Intro Pages R13.indd 1 5/21/21 9:19 AM AR20 - Intro Pages - Page 001 “With man this is impossible, but with God all things are possible.” Ma hew 19:26
AR20 000-005 Intro Pages R13.indd 2 5/21/21 12:18 PM AR20 - Intro Pages - Page 002 2020 was a year like no other.
Before the year began, God gave me a speci c scripture for 2020. In Mahew 19:26 (NIV) Jesus said, “With man We have also this is impossible, but with been amazed by God all things are possible.” the new doors of opportunity that Looking back, we are in awe were opened to of God’s faithfulness! During a reach the hurting year when the pandemic left through our so many people searching missions arm, Hand for answers and requiring of Hope. Whether it more physical and spiritual was feeding more help than ever before, we families, treating have watched God use your more children prayers and support to do the through our medical impossible over and over again. outreaches, or the many incredible In 2020, record numbers of ways you delivered people ooded our website, critical relief to looked for spiritual help from those aected by God’s Word through our the pandemic, it resources, and discovered was truly a year messages of hope through like no other. our Enjoying Everyday Life programs…and we can’t wait This annual report to share with you some of is lled with stories the wonderful things God of people’s lives has done in their lives. that have been changed through your generous prayers and support. In 2020, we watched God do the impossible all around the world, and He used you to do it.
AR20 000-005 Intro Pages R13.indd 3 5/21/21 12:18 PM AR20 - Intro Pages - Page 003 Everything changed! Suddenly and without warning, 2020 and its global pandemic threw everyone’s familiar strategies out the window. What we knew before was no longer applicable. We needed new ways to deliver the Gospel message. It had to be personal and accessible. We learned quickly that even when we face limitations, God’s Word is never limited!
AR20 000-005 Intro Pages R13.indd 4 5/21/21 11:05 AM AR20 - Intro Pages - Page 004 Joyce Meyer David Meyer
Shelly Meyer Ginger Stache
We learned quickly that even when we face limitations, God’s Word is never limited!
AR20 000-005 Intro Pages R13.indd 5 5/24/21 7:46 AM AR20 - Intro Pages - Page 005 Darla
Theiss WHEN THE COVID PANDEMIC LEFT DARLA WITHOUT A JOB AND DESPERATE FOR ANSWERS, YOU PROVIDED HELP IN A WAY SHE DIDN’T SEE COMING.
006 With God, ALL Things Are Possible. ⟶
AR20 006-009 Help In Pandemic R6.indd 6 5/25/21 8:43 AM AR20 - Help In Pandemic (COVID) - Page 006 For years, 64yearold Darla had worked two jobs it was a maer of survival. So, when she was diagnosed “God spoke to my with congestive heart On the day of the failure, she was forced event, Darla arrived heart and said, to retire from fulltime to a cheering crowd work and saw lile and was directed to I didn’t bring hope for the future. the makeshift stage. “Pastor Irene and I you this far to For Darla, there was so much have been praying to think about. Her adult son for you,” said Jimmy let you go.” suered a traumatic brain injury Rollins, pastor of i5 when he was just a teenager, City Church. “Darla, and she is all he has. And when your family means the pandemic struck, neither the world to us, one could nd even parttime and we want you work. Left with no money, a to know we are stack of bills and a broken donating to you a down car, desperation set in. brandnew vehicle.”
“There were many nights It had been a long that I cried out to God and two years, and I just didn’t feel like I could Darla had seen it go on,” Darla recalled. “Then all. But she never Darla arrived to one night He spoke to my saw this coming. As a cheering crowd. heart and said, I did not bring she sat in her new you this far to let you go.” car, she raised her hands and began Darla didn’t know it yet, but praising God. “It help was on the way. Hand gives me a purpose of Hope had partnered with again,” she said. i5 City Church to plan a major event in Baltimore, Maryland, And Darla is like so that would provide food and many others who groceries to families hit hardest you helped this by the pandemic. They also year in response had a few surprises in store. to the pandemic. When all hope was You gifted Darla with a new lost, you shared car and new beginning. the love of Christ in real and practical ways. And they will never forget it.
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AR20 006-009 Help In Pandemic R6.indd 7 5/21/21 11:04 AM AR20 - Help In Pandemic (COVID) - Page 007 This year, when the COVID-19 pandemic left people struggling "MY HOPE COMES nancially and searching for answers, you were there to FROM HIM. TRULY share the hope of Christ and meet people’s needs in so many HE IS MY ROCK innovative ways. & MY SALVATION." Whether it was providing lifesaving meals for thousands of families in Brazil, surprising hundreds of senior citizens in Florida with Psalm 62:5-6 free groceries, or giving food, protective kits and hygiene items to women in forced prostitution in Spain, you sent the world a messagethat God sees them and that He loves them.
In a time of unprecedented need, God used you to reach people around the world in new and creative ways…and show them that anything is possible with Him.
We Partnered Zimbabwe: You provided meals for with Over those aected most by the pandemic. 100 Organizations to Bring Relief in Over With God, HOPE 75Nations Is Possible.
008 With God, ALL Things Are Possible. ⟶
AR20 006-009 Help In Pandemic R6.indd 8 5/21/21 12:15 PM AR20 - Help In Pandemic (COVID) - Page 008 In Response to COVID-19, You Provided Over
Additional Meals to Indonesia 11M 55,525 Families s our c Worldwide e i om H fo . rt m in or YOU DISTRIBUTED the st PROTECTIVE EQUIPMENT TO
20KPEOPLE IN NEED
You surprised seniors in Florida with free groceries and a message of God’s love.
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AR20 006-009 Help In Pandemic R6.indd 9 5/21/21 12:16 PM AR20 - Help In Pandemic (COVID) - Page 009 David
Dejean HURRICANE LAURA SWEPT THROUGH LOUISIANA AND TURNED DAVID’S LIFE UPSIDE DOWN. THEN HE RECEIVED HELP IN A WAY HE NEVER EXPECTED.
010 With God, ALL Things Are Possible. ⟶
AR20 010-013 Disaster Relief R13.indd 10 5/21/21 12:23 PM AR20 - Disaster Relief - Page 010 After the hurricane passed, David returned to nd his Louisiana Chris Chiles (left) home badly damaged, and David Dejean the roof partially collapsed, and his barn completely destroyed. and so grateful. To make maers worse, the Somebody’s high winds took down nearly looking over me.” every tree on his beautiful lot. Without water or electricity, David’s story is he immediately started about more than a to clean up, aempting to damaged house salvage his life’s work. it’s about loving people. And in the He worked for hours and wake of Hurricane barely made a dent. That’s Laura, when the when Hand of Hope, in people of Louisiana partnership with God’s Pit and Texas needed Crew, showed up to clear the it most, you “When I met trees and debris and help David shared the love of gure out the next steps. Jesus in so many him, he was beautiful ways. “When I met him, he was just exhausted. just exhausted,” Chris Chiles Through our unique from God’s Pit Crew said. “I partnerships He said, ‘I could see it on him. Siing with several relief on his front porch with his organizations, you can’t move head in his hands, he just provided clean said, ‘I can’t move anymore.’ up services, food, anymore.’ I I said, ‘Brother, you just sit water, hygiene kits, there and let us take over.’” critical supplies and said, ‘Brother, a shoulder to lean Tired, emotional, and still trying on for thousands you just sit to digest the events of the past all across the area. few days, David was amazed there and let by the love and support. During their time of crisis, God used us take over.’” “I’ve never seen this in my entire you to answer life,” he said. “I’m so appreciative the prayers of Chris Chiles - God's Pit Crew (One of our disaster relief partners) desperate people… and let them know that Somebody is indeed looking out for them.
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AR20 010-013 Disaster Relief R13.indd 11 5/21/21 12:30 PM AR20 - Disaster Relief - Page 011 This year, your support traveled You around the world and reached Responded people in their greatest moments of need. to
When ash oods in Cambodia forced people from their homes, you were there to provide food, water lters and temporary shelters. When the Almeda Fire in Oregon ravaged nearly 3,000 homes and buildings, 23 you helped residents pick up the pieces and Disasters in build again. And when an explosion rocked the city of Beirut, leaving thousands injured and living on the streets, you provided lifesaving food and assistance, helping them nd hope in the midst of the rubble.
During these times of uncertainty, you were there to comfort, protect, rebuild…and show Nations the love of Christ in a very personal way. 13
Niger: You provided relief for those displaced during the ooding.
Cyclone Amphan: India Derecho Storm: Iowa Earthquake: Puerto Rico Explosion: Lebanon Flooding: Brazil, Burundi, Cambodia, El Salvador, Michigan, Mississippi and Niger Hurricanes: Alabama, Dominican Republic, El Salvador, Florida, Honduras, Louisiana, North Carolina and Texas Tornadoes: Mississippi and Tennessee Typhoons: Philippines and Vietnam Volcano: Philippines Wildre: Oregon Crews clean up after the wildfires in Oregon.
012 With God, ALL Things Are Possible. ⟶
AR20 010-013 Disaster Relief R13.indd 12 5/21/21 12:30 PM AR20 - Disaster Relief - Page 012 "GOD IS OUR REFUGE Explosions in Beirut, Lebanon, left the city in AND STRENGTH, rubble. AN EVERPRESENT HELP IN TROUBLE."
Psalm 46:1
Vietnam: Typhoon Goni 890K MEALS PROVIDED to refugee families in Lebanon
Louisiana: You provided clean up services and critical necessities for thousands after Hurricane Laura.
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AR20 010-013 Disaster Relief R13.indd 13 5/21/21 12:31 PM AR20 - Disaster Relief - Page 013 Becky
Snyder DURING A PARTICULARLY DIFFICULT YEAR, BECKY WAS ON THE VERGE OF DESPAIR. THEN SHE FOUND A WINDOW OF HOPE.
014 With God, ALL Things Are Possible. ⟶
AR20 014-017 Sharing Christ R7.indd 14 5/24/21 7:42 AM AR20 - Sharing Christ - Page 014 Becky had the Joyce Meyer Ministries never felt so website, something grabbed isolated. After her a ention. For the rst time months of ever, Joyce would be hosting quarantine a live online event called Girls’ unable to aend Night In, where women would “I was just church or see come together virtually to many of her enjoy teaching, worship and bawling. friendsshe just have some fun. Becky could sense registered on the spot, then The hard the pressure weeks later joined thousands mounting. of others for the special night. stuff just
Like many people “I felt lighter,” Becky joyfully dissipated, in 2020, the told us. “The Scripture, the pandemic left discussions, the reection, the and all I had Becky unemployed prayer, the camaraderie, the and spending musicit was all just perfect. I was this nearly all of her was bawling…all the hard stu time indoors. And just dissipated, and all I had beautiful between studying was this beautiful experience. online for her I feel refreshed deep down experience.” teaching degree into the bo om of my soul.” and caring for a mom who has During a year that presented health challenges, incredible challenges, you were she had reached there to share the love of God her breaking point. in innovative ways with millions of people just like Becky. From “I had been Girls’ Night In…to Joyce’s live struggling under streaming check-ins on social the weight of it all— media…to all of our digital and physically, mentally, online resources, you brought emotionally and the peace and comfort of God’s spiritually,” Becky Word into people’s homes shared. “You right when they needed it. go about every day, but you hit a “Giving peace to somebody Becky joined a virtual gathering limit where it just is no small thing,” Becky of over 40,000 women for our rst becomes too much.” said. “God calls us to love Love Life Girls’ Night In with Joyce. one another, and I can’t think Then, one day, as of a be er way than this. It she was browsing brought all of us together.”
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AR20 014-017 Sharing Christ R7.indd 15 5/21/21 2:05 PM AR20 - Sharing Christ - Page 015 Guatemala During a year when the world was searching for answers, God used you to share His love and encouragement in the most amazing ways.
Through Joyce’s Enjoying Everyday Life programbroadcast on TV, radio and onlineyou reached nearly every corner of the world, including many nations closed to the Gospel.
Record numbers of people also ooded joycemeyer.org to access the Word of God and receive spiritual support through Joyce’s podcasts, articles, devotionals, Bible studies and our special Girls’ Night In event. Throughout the year, more than 14,000 of them gave their lives to Christ through our website alone. And through MORE THAN our social media presence on Facebook, Instagram, Twier and YouTube, you met people on a daily basis with words of hope and life. 95K RECEIVED CHRIST And in 2020, you translated and delivered through our worldwide outreaches 400,000 of Joyce’s books into the hands of people everywhere, free of chargefrom remote villages in India to recovery homes for women in Missouri, Tennessee and California. You let them know they are special…that God is good and He has a good plan for their lives. And that spells love in any language.
Over
People Encouraged on Social Media In February, Dave and Joyce encouraged 27.5M residents of the Genesis Men’s Home recovery program in St. Louis.
016 With God, ALL Things Are Possible. ⟶
AR20 014-017 Sharing Christ R7.indd 16 5/21/21 12:39 PM AR20 - Sharing Christ - Page 016 "FEAR NOT THERE IS NOTHING TO FEAR, FOR I AM WITH YOU...." 84 LANGUAGES OF YOUTUBE Isaiah 41:10 CHANNELS CONTAINING JOYCE’S TEACHINGS VIEWED A COMBINED 117M TIMES
Broadcast the Gospel in gs n hin ew t . ll a s In the midst of the pandemic, e the Girls’ Night In virtual event brought Languages k 104 God’s Word, uplifting music and a lot of
Through Our a fun right to people’s homes.
m
Enjoying e Everyday Life H Program on TV, Radio & Online
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AR20 014-017 Sharing Christ R7.indd 17 5/26/21 10:05 AM AR20 - Sharing Christ - Page 017 AR20 018-019 Our Promise R4.indd 18 5/21/21 12:40 PM AR20 - 86% ECFA - Page 018 86 CENTS OF EVERY DOLLAR you gave in 2020 was used for outreaches and programs directed at reaching people with the Gospel of Jesus Christ.
Joyce Meyer Ministries is accredited by the Evangelical Council for Financial Accountability
AR20 018-019 Our Promise R4.indd 19 5/25/21 8:40 AM AR20 - 86% ECFA - Page 019 Pha
Pantakit AT JUST 15 YEARS OLD, PHA WAS TRAPPED IN A LIFE OF PROSTITUTION. THEN YOU MADE A WAY FOR HER TO FINALLY GET FREE.
020 With God, ALL Things Are Possible. ⟶
AR20 020-023 Project GRL R8.indd 20 5/21/21 12:43 PM AR20 - Project GRL - Page 020 Pha was born in a remote tribal village in Myanmar. Here, it’s common for povertystricken families to sell their children for money. At just 6 years old, Pha became At this loving home, one of those children. Pha has nally found the family “I was given to a family who she’s been looking took me to a town near the for all along. Here, Thai border,” Pha recalled. “I she is learning all didn’t go to school and had about Jesus and Pha received Christ to do domestic work. One walking through and was baptized at the Gabrielle House. of the teenage boys used to the healing process beat me and do all kinds of with professional bad things to me. When I was counselors. And for 10, he sexually abused me.” the rst time ever, she is receiving After years of being bullied and an education and abused, Pha saw her chance learning valuable and ran away. Fleeing across life skills. At last, the Thai border, she found she is free to just employment at a restaurant, be a teenager. but soon discovered it was a front for a brothel. Fifteen Pha told us, “I’m yearold Pha had spent her so happy and young life ghting to survive, thankful to God but now she was in over her and the people head. With seemingly no who helped me!” At the home, Pha loves to sew and make way out with no money and beautiful things. It’s just one of the valuable nowhere else to go she gave You are those life skills she is learning. in to a life of prostitution. people. Today, Pha is a testimony of After two long years, the what God’s love local police raided the brothel and healing can “I’m so happy and Pha was introduced to do. She is amazed our ministry partners at the by her new life a and thankful Gabrielle House a place of life that you have healing for young women helped make to God and the who have escaped from possible for her the horrors of tracking and so many other people who and other dire situations. precious young women through helped me!” our Project GRL outreaches all around the world.
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AR20 020-023 Project GRL R8.indd 21 5/24/21 10:34 AM AR20 - Project GRL - Page 021 Through our Project GRL initiative, this year you have worked to guide, restore and share God’s love with Hyderabad, women and girls around the world. India
In nations like Bulgaria, Greece and East Africa, you rescued women from the horrors of human tracking and provided the love and support they needed to start fresh. And at our Imagine Hope Centers in Zambia, you have given young girls a chance to dream about what’s possible for their lives by providing safe havens where they can receive a good educationa luxury that so many are forced to live without.
Whether it was through supplying clean water, nutritious meals and lifesaving assistance, or teaching them all about their worth and value in Christ, in 2020 you reached thousands of women and girls with an important message: They are precious, loved daughters of God.
"...FEAR NOT, FOR I YOU HELPED HAVE REDEEMED YOU; WOMEN AND I HAVE CALLED YOU BY GIRLS IN NAME, YOU ARE MINE." 53 COUNTRIES Isaiah 43:1 AND PROVIDED SAFE PLACES WHERE THEY CAN RECEIVE AN EDUCATION, NUTRITIOUS MEALS, CLEAN WATER AND LEARN ALL East Africa: ABOUT CHRIST You provided a safe haven for women and their children after being rescued from human tracking.
022 With God, ALL Things Are Possible. ⟶
AR20 020-023 Project GRL R8.indd 22 5/24/21 10:43 AM AR20 - Project GRL - Page 022 PROJECT GRL IS REACHING WOMEN AND GIRLS ALL AROUND THE WORLD THROUGH: Rescue22 Homes Anti-Human Trafficking Clean Water & Safe Havens for Education Women in Feeding Safe Havens Sharing Her Value
Nations Bulgaria, Cambodia, 11Chile, Greece, Ethiopia, India, South Africa, Thailand, Uganda, United States, Zambia
Girls at the Gabrielle House made protective equipment for those in need during the pandemic.
Israel: Women learned about their worth and value in Christ through Joyce's teachings.
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AR20 020-023 Project GRL R8.indd 23 5/24/21 10:34 AM AR20 - Project GRL - Page 023 Sonia
Alfarro AS SONIA LIMPED INTO THE CLINIC IN EL SALVADOR, SHE HAD NO IDEA IT WOULD CHANGE HER LIFE FOREVER.
024 With God, ALL Things Are Possible. ⟶
AR20 024-027 Medical & Dental R8.indd 24 5/21/21 1:03 PM AR20 - Medical & Dental - Page 024 Although Sonia makes a living by cleaning the city’s streets, it’s barely enough to survive. She lives alone in poverty, yet spends what lile she does earn to help pay for her grandson to aend school.
Sonia also has diabetes. When she “She found arrived at our San Jose Villanueva Medical Clinic, it had been six months out for the since she could aord the medications she needed. She was physically, “I almost didn’t first time emotionally and nancially spent. recognize her!” shared Janis that she had This permanent clinic, made possible Watkins, founder of through our partnership with Abigail Abigail Association. value—that Association, oers free medical and “After she came to dental services to thousands of people the clinic, Sonia Someone each year who could not receive began to feel aention otherwise. And like our other dierently about cared about medical outreaches worldwide, they herself, and the also share God’s love and the Gospel Lord did a total her.” message with almost every single transformation in Janis Watkins - Abigail Association person who walks through their doors. her life. She found out for the rst time Our doctors immediately began treating that she had value Sonia’s feet, which had gone numb from and that Someone the diabetes. Due to the loss of feeling, cared about her. rats in Sonia’s house had actually bien In her words, she her feet without her noticing. Thankfully, found joy!” our team was able to thoroughly clean and bandage her wounds and provide Because of your her with the necessary medications. amazing generosity, Sonia has renewed But that’s not all. That day, our team prayed hope for herself, with Sonia, and she began her relationship her family and with Jesus Christ. In the coming months, her future. And she also read Joyce’s book Ba leeld she is just one of Sonia prayed of the Mind. By the time Sonia returned thousands who with the sta at the clinic. to the clinic several months later, she walked through says the Lord had begun to change these doors in her thinking and her outlook on life. 2020 and received the healing they so desperately needed.
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AR20 024-027 Medical & Dental R8.indd 25 5/21/21 1:04 PM AR20 - Medical & Dental - Page 025 Shortterm outreach in Cameroon. The love of Christ is a universal language, and nothing speaks louder than treating someone’s wounds, relieving their pain, sharing the life changing message of the Gospel, or making sure their children are safe and healthy.
Whether it was providing food and medical services to those with leprosy in India, treating famished children at our Hand of Hope pediatric specialty clinic in East Africa, or oering emergency dental care in Israel to those with nowhere else to turn, your generous support impacted thousands of families all around the world.
In the process, you also told them about God’s incredible love. And it’s a message they 3,892PEOPLE TREATED AT SHORTTERM will carry with them for the rest medical/dental outreaches in Cameroon, of their lives. Nevada and El Salvador
Nevada: You provided free medical and dental treatment at our rstever short-term outreach in the U.S.
026 With God, ALL Things Are Possible. ⟶
AR20 024-027 Medical & Dental R8.indd 26 5/25/21 1:53 PM AR20 - Medical & Dental - Page 026 Over
"I WILL RESTORE YOU TO People Cared for HEALTH 139Kat our permanent medical outreaches, hospitals and clinics AND HEAL YOUR WOUNDS, DECLARES THE LORD...." ho w he rd a Jeremiah 30:17 o ls L y e o
h u t .
m
a
I
r
o F
San Jose Villanueva Medical Clinic in El Salvador. 10,112 PRESCRIPTIONS FILLED FREE OF CHARGE
1,060RECEIVED CHRIST through our medical outreaches worldwide
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AR20 024-027 Medical & Dental R8.indd 27 5/21/21 1:07 PM AR20 - Medical & Dental - Page 027 Brittany
Brown BALANCING FAMILY, SCHOOL AND A CAREER, BRITTANY FOUGHT TO SIMPLY PUT FOOD ON THE TABLE. THANKFULLY, YOUR GIFT WAS RIGHT ON TIME.
028 With God, ALL Things Are Possible. ⟶
AR20 028-031 Food & Water R11.indd 28 5/21/21 1:16 PM AR20 - Food & Water - Page 028 For Briany, it had been a “There was no dicult year. As a single mother other alternative… of three, she Then, on Nov. 21, with juggled a full- Thanksgiving only a few but God made it time job, grad days away, Briany was school, and invited to come to the Dream possible. This meal all the ups Center and receive a special and downs of gift. On this day, the church is life-changing.” trying to make was blessing hundreds of ends meet. But local families in need with a when COVID hit, turkey and all the trimmings. and her hours were cut, it left They surprised Briany her family in with two full basketsone a tight spot… for her family and one for and believing her parents, who had also for a miracle. recently lost their jobs. It was more than she expected and For years, Briany came at the perfect time. has aended and volunteered at the “I didn’t know what Thanksgiving St. Louis Dream was going to look like, but now Center church, an I do,” Briany said that day outreach of Joyce through tears. “There was no Meyer Ministries other alternative. But God made Brittany helped package dedicated to it possible. To be able to bless meals for local residents. sharing Christ and my household and my parents’ meeting needs in household as a result of Joyce the inner city. Even Meyer Ministries, it’s amazing. in the midst of her This meal is lifechanging.” struggles, she continued to reach In a year that’s been anything out to others. But but normal, God has used as the weeks went your partnership to share by and the holidays His love with the people in approached, her this St. Louis community greatest concern and around the world in was how to feed ways they never expected. Bri any was not only a recipient, her children. but she also volunteered to help provide For families requiring basic families with a complete turkey dinner. necessities like a nutritious meal and fresh water to drink, you were a part of the miracle they needed.
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AR20 028-031 Food & Water R11.indd 29 5/21/21 1:17 PM AR20 - Food & Water - Page 029 There’s a look we see on people’s faces when we tell them we’re providing daily nutritious meals for them and their children…or installing a new well that will YOU PROVIDED provide fresh water for everyone NUTRITIOUS MEALS in their village. It’s a look of joy, TO FAMILIES AND surprise, relief and overwhelming CHILDREN IN OVER gratitude.
This year, we saw that look a lot. You supplied millions of nutritious meals to families around the world. And for many 70 COUNTRIES children, your support went far beyond that, providing them with an education and the opportunity to learn all about Jesus. s a ake wa . m y w y You also installed hundreds of freshwater e h a wells in some of the most remote places on H e w re o earth in 2020. And in many locations, you there is n built a church, sharing the Living Water of the Gospel…the ultimate Source of joy that never runs dry.
You reached lowincome MEALS SERVED families through the St. Louis Dream Center 34.9M Food Pantry. 674 FEEDING SITES WORLDWIDE
You supplied lifesaving meals in India.
030 With God, ALL Things Are Possible. ⟶
AR20 028-031 Food & Water R11.indd 30 5/21/21 1:23 PM AR20 - Food & Water - Page 030 "IF YOU POUR YOURSELF OUT FOR THE HUNGRY… THEN SHALL YOUR LIGHT RISE IN THE DARKNESS...."
Isaiah 58:10
kes a w . a ay y m w a e he w H re o there is n Freshwater200 Wells Drilled in
Kano Village, Nigeria: You installed a brand new well, providing fresh water for hundreds. Nations Cambodia, Ethiopia, India, 15Malawi, Nigeria, Peru, Philippines, Russia, Rwanda, South Africa, Tanzania, Thailand, Togo, United States, Zambia
joycemeyer.org/AllThingsPossible 031
AR20 028-031 Food & Water R11.indd 31 5/21/21 1:23 PM AR20 - Food & Water - Page 031 This past year, we have watched God do the impossible in the lives of people all around the world. And He used our combined prayers and eorts to do it.
032 With God, ALL Things Are Possible. ⟶
AR20 032-035 Outro Pages R13.indd 32 5/21/21 1:47 PM AR20 - Outro Pages - Page 032 “There were so many times in 2020 when I thought, Only God could have done this! While the world was shut down, we actually reached more people with food, water and practical help. And despite all the limitations, God showed us that His Word is never limited. You helped share the Gospel in new and innovative ways, and people’s lives were forever changed. Before the year even started, God began “God is faithful, and in 2020, He honored encouraging me that all things the faithfulness of our partners. are possible with Him. He was geing ready to do miracles around the world…and He In a year that was used you and me to do it.” anything but normal, JOYCE MEYER, we watched God use President of your prayers and Joyce Meyer Ministries donations in amazing ways to reach the lost and hurting. You, our partnersour familyhonored God through your commitment during a particularly dicult time. And the Bible says that when you honor God, He will honor you (see 1 Samuel 2:30).”
DAVE MEYER, Vice President of Joyce Meyer Ministries
joycemeyer.org/AllThingsPossible 033
AR20 032-035 Outro Pages R13.indd 33 5/21/21 1:46 PM AR20 - Outro Pages - Page 033 “Even in the midst of a challenging year, we watched God do so many great things through the support of our partners. “There were many challenges in 2020, and I worried if we could continue to In 2020, we make a dierence in the chaos. fed more But every quarter, we people than received testimonies ever—serving from girls and almost 35 women who were million meals. rescued from pain That’s 30% and hopelessness more than the through our ongoing previous year! projects and In East Africa, we opened a new wing of the Pediatric disaster-initiated aid. Specialty Clinic, allowing us to Even when I was unsure, it was clear treat twice as many children. that with God, all things are possible.” And we implemented a second mobile medical van in India, SHELLY MEYER, allowing us to bring critical International Relations O cer for medical help to some of the Hand of Hope, Joyce Meyer Ministries more remote places on earth.” World Missions
DAVID MEYER, CEO of Hand of Hope, Joyce Meyer Ministries World Missions
034 With God, ALL Things Are Possible. ⟶
AR20 032-035 Outro Pages R13.indd 34 5/21/21 1:49 PM AR20 - Outro Pages - Page 034 “During a year when the world seemed like it was turned upside down because of the pandemic, I am so proud of the role Joyce Meyer Ministries, together with our partners, has been able to play. When people were fearful and looking for help, we were able to use all of our efforts through media to provide them the Answer—Jesus. When people needed it the most, “So many people felt isolated our lights were shining brightly.” this yearloneliness and DANIEL MEYER, fear were devastating side eects of the pandemic. CEO of U.S. Operations for Joyce Meyer Ministries But YOU were there, bringing people encouragement exactly when and where they needed it. As a partner, you made it possible for Joyce to bring the Word of God into their homes when they couldn’t get out, and for prayer to pour into their lives through social media posts. We were the virtual friends they needed; you made it possible, and God did the impossible through it!”
GINGER STACHE, Chief Creative O cer of Joyce Meyer Ministries
joycemeyer.org/AllThingsPossible 035
AR20 032-035 Outro Pages R13.indd 35 5/21/21 1:49 PM AR20 - Outro Pages - Page 035 A COMMITMENT TO MAINTAIN TRUST AND PROVIDE TRANSPARENCY
Joyce Meyer Ministries, Inc. expensed percent of total expenditures for outreach and program services directed at reaching people with the Gospel of Jesus Christ and meeting the physical FINANCIAL needs of the less fortunate all over the world.
Joyce Meyer Ministries, Inc. voluntarily submits to REPORTS an annual audit by an independent public accounting rm. Financial statements are presented in accordance with generally accepted 2020 accounting principles. Independent Auditor’s Report 037 Joyce Meyer Ministries, Inc. voluntarily submits to an Financial Statements annual legal audit to ensure that the ministry is 038 complying with applicable federal and state laws 038 Statement of Financial Position and regulations. 038 Notes to Financial Statements 039 Statement of Activities Joyce Meyer Ministries, Inc. issues an annual assertion le er provided by an independent public 040 Statement of Cash Flows accounting rm that a ests to our program service expenditures. 042 Statement of Functional Expenses 045 Management Report to Supporters Regarding Compensation Joyce Meyer Ministries, Inc. issues an annual assertion le er provided by an independent public 045 Independent Accountant’s Report on accounting rm that a ests to the compensation of Management Assertions our President and Founder Joyce Meyer. 046 Management Report to Supporters Regarding Program Expenses Joyce Meyer Ministries, Inc. requires all board 046 Independent Accountant’s Report on members and employees to abide by a con ict of Management Assertion interest policy that encourages high standards of ethics and integrity. Our Board of Directors includes Joyce Meyer, Dave Meyer, David L. Meyer, Daniel Meyer, Pastor Don Clowers, Pastor Bob Yandian, Dru Hammer, Dr. Paul Osteen, Paul Schermann and We Are Committed Pastor Tommy Barne . to Financial Accountability
ACCOUNTABILITY At Joyce Meyer Ministries, Joyce Meyer Ministries, Inc. strives to ensure that all we want you to be con dent your gifts are being used fundraising e orts clearly portray the purpose of the in the best way possible. That’s why we are accredited funds to be raised and that all contributions received by the Evangelical Council for Financial Accountability. are used for those speci c purposes.
DESIGNATED GIVING In the event an outreach’s Joyce Meyer Ministries, Inc. protects the privacy of goal has been reached, your donation will be applied our donors by not marketing our mailing list. to another outreach in need. All donations are tax deductible to the fullest extent. Joyce Meyer Ministries, Inc. commits to posting our FINANCIAL PRACTICE Joyce Meyer Ministries audited nancial statements, as well as any is voluntarily audited each year by an independent assertion le ers provided by our auditors, on our public accounting rm. website and updating the information annually.
036 INDEPENDENT AUDITOR’S REPORT
Independent Auditor’s Report
To the Board of Directors Joyce Meyer Ministries, Inc. Fenton, Missouri
We have audited the accompanying fi nancial statements of Joyce Meyer Ministries, Inc. (the Church), a nonprofi t organization, which comprise the statement of fi nancial position as of December 31, 2020, and the related statements of activities, functional expenses and cash fl ows for the year then ended, and the related notes to the fi nancial statements.
Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these fi nancial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of fi nancial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility Our responsibility is to express an opinion on these fi nancial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. ose standards require that we plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. e procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the fi nancial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the eff ectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of signifi cant accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.
We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion.
Opinion In our opinion, the fi nancial statements referred to above present fairly, in all material respects, the fi nancial position of Joyce Meyer Ministries, Inc. as of December 31, 2020, and the changes in its net assets and its cash fl ows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Tulsa, Oklahoma April 14, 2021
joycemeyer.org/AllThingsPossible 037 Statement of Financial Position December 31, 2020
Assets Current assets Cash and cash equivalents $ 1 2,529,428 Investments 9,828,8 10 Other investments 1 2,1 75,823 Accounts receivable 1 95,372 Pledges receivable 2,348 Due from affiliates 403, 1 10 Inventories 2,865,740 Prepaid expenses and other assets 2,404, 189 Total current assets 40,404,820
Property and equipment 68,545,297 Less: accumulated depreciation 48,47 1, 135 Total property and equipment 20,074, 162
Nonn-current assets
Certificates of deposit 3,950,000 Total assets $ 64,428,982
Liabilities and net assets Current liabilities Accounts payable $ 2,336,376 Accrued liabilities 1,454,533 Deferred revenues 103,747 Total current liabilities 3,894,656
Net assets Without donor restrictions Undesignated 46,64 1 ,665 Board-designated endowment 1 3,890,31 3 Total net assets without donor restrictions 60,53 1,978 With donor restrictions 2,348 Total net assets 60,534,326 Total liabilities and net assets $ 64,428,982
The accompanying notes are an integral part of these financial statements.
NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE A - ORGANIZATION AND CHURCH VISION NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Joyce Meyer Ministries, Inc., headquartered in Fenton, Missouri, is organized and operated 1. Basis of Accounting as a church dedicated to Christian and charitable purposes. In its ministry as a church, The financial statements of the Church have been prepared on the accrual basis of accounting. Joyce Meyer Ministries, Inc. (the Church or JMM) conducts regular services, teaching The significant accounting policies are described below to enhance the usefulness of the biblical principles. Through its daily media outreach, millions of people receive the lifee- financial statements to the reader. changing biblical teaching through the Church’s television and radio programs, CD's, DVD's, digital downloads, books, websites, streaming, social media channels and 2. Revenue Recognition conferences. The Church’s missions and outreach programs include rescuing people from The Church reports information regarding its financial position and activities according to human trafficking, medical/dental outreaches, water relief, feeding programs, relief for two classes of net assets: net assets without donor restrictions and net assets with donor refugees, helping in inner cities, ministering to the elderly and reaching out and training restrictions. Gifts and contributions received with donor stipulations that limit the use of the people of all ages. The Church provides funding and helps oversee several children’s asset are reported as with donor restrictions. When a donor restriction expires, that is, when homes that supply food and shelter to needy children. The Church provides global a stipulated time restriction ends or purpose of the contribution is accomplished, net assets humanitarian aid to hurting people and disaster relief when possible to those in devastating with donor restrictions are reclassified to net assets without donor restrictions and reported situations. In 2020, the Church provided approximately $1.8 million in relief related to the in the statement of activities as net assets released from restrictions. Contributions that are COVID-19 pandemic. As of December 31, 2020, the Church employs 388 individuals to restricted by the donor are reported as increases in net assets without donor restrictions if carry out its Christian and charitable purposes. the restrictions expire in the fiscal year in which the contributions are recognized.
038 Statement of Activities For the Year Ended December 31, 2020
Changes in net assets without donor restrictions Revenue and other support Contributions, less direct donor benefits of $2,448,962 $ 98,533,049 Contributions from meetings and conferences 90,370 Contributions and revenues from foreign affiliated ministries 2,633,103 Inn-kind contributions 1,1 55,448 Paycheck Protection Program grant 5,084,900 Sale of Christian materials 3,060,439 Women’s conference and other registrations 3 1 4,7 14 Honorariums from speaking engagements 25,000 Interest income 308,733 Other income 1,560,61 9 Release of restrictions 1 72,827 Total revenue and other support without donor restrictions 1 1 2,939,202 Operating expenses Program services Meetings and conferences 3,697,582 Creative media 46,1 30,1 0 1 Missions and outreach 2 9,846,723 Christian materials distribution 5,285,992 Total program services expenses 84,960,398 Support activities Management and general 10,826,273 Fundraising 3,1 92,939 Total support activities expenses 1 4,01 9,21 2 Total operating expenses 98,979,610 Change in net assets without donor restrictions 1 3,959,592 Release of restrictions ( 172,827) Change in net assets with donor restrictions (172,827) Change in net assets 1 3,786,765 Net assets Beginning of year 46,747,56 1
End of year $ 60,534,326
The accompanying notes are an integral part of these financial statements.
December 31, 2020
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED The Church receives contributions in which a portion of the amount given by donors represents 2. Revenue Recognition - Continued a share of the direct costs of benefits received by donors. Unless otherwise verified, the fair No amounts have been reflected in the statements for donated services since no objective value of gifts received with an offer is usually measured at the retail price. basis is generally available to measure the value of such services; however, a number of volunteers have donated time to the Church’s program services. During 2020, approximately 3. Use of Estimates 2,400 hours were donated from volunteers for meetings and conferences. The preparation of financial statements in conformity with accounting principles generally The Church commonly exchanges educational resources with donors based on a designated accepted in the United States of America requires management to make estimates and contribution. For the year ended December 31, 2020, the cost of these direct donor benefits assumptions that affect the reported amounts of assets and liabilities and disclosure of was approximately $2.45 million. These costs are reported as an offset to contributions in the contingent assets and liabilities at the date of the financial statements, and the reported statement of activities. amounts of revenues and expenses during the reporting period. Actual results could differ Registration and sales revenue are recognized at the time services or goods are provided and from those estimates. the revenues are earned based on satisfaction of the Church's related performance obligation. Contributions, which include unconditional promises to give (pledges), are recognized as revenues in the period received. Conditional promises to give are not recognized until they become unconditional, that is when the conditions have been fulfilled. Contributions of assets other than cash are recorded at estimated fair value.
joycemeyer.org/AllThingsPossible 039 Statement of Cash Flows For the Year Ended December 31, 2020
Cash flows from operating activities Change in net assets $ 1 3,786,765 Adjustments to reconcile change in net assets to net cash provided by (used in) operating activities: Depreciation and amortization expense 1,383,388 Unrealized and realized gain on investments ( 1,280,928) Gain on disposal of property and equipment ( 21,950) Changes in operating assets and liabilities: Decrease in accounts receivable 232,296 Decrease in pledges receivable 1 22,827 Increase in due from affiliates (377,546) Increase in inventories (343,796) Decrease in prepaid expenses and other assets 403,296 Increase in accounts payable 363,273 Increase in accrued liabilities 4 19,31 7 Decrease in deferred revenues (421,683) Net cash provided by operating activities 1 4,265,259 Cash flows from investing activities Proceeds from maturities of certificates of deposit 250,000 Purchases of investments and other investments (1 3,500,000) Proceeds from sale of property and equipment 21,950 Purchases of property and equipment (71 3,614) Net cash used in investing activities (13,94 1,664) Net increase in cash 323,595 Cash and cash equivalents - beginning of year 12,205,833 Cash and cash equivalents - end of year $ 1 2,529,428
The accompanying notes are an integral part of these financial statements.
NOTES TO FINANCIAL STATEMENTS December 31, 2020 NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
4. Cash and Cash Equivalents 8. Certificates of Deposit, Investments and Other Investments The Church considers all highly liquid investments with an original maturity of three Certificates of deposit held for investment that are not debt securities are carried at cost. Interest months or less to be cash equivalents for the purposes of the statement of cash flows. rates on the certificates of deposit range from 2.55% to 3.3% at December 31, 2020. The Deposits in excess of Federal Deposit Insurance Corporation’s (FDIC) coverage were certificates of deposit held by the Church as of December 31, 2020 will mature during 2021 and approximately $9,651,000 at December 31, 2020. The Church maintains sufficient 2022; although not expected to occur, the Church has the ability to redeem the certificates prior cash resources to cover nearr-term working capital needs. to their maturity.
5. Accounts Receivable Investments consist of investments in mutual funds and a hedge fund and are recorded at fair Accounts receivable are recognized on the accrual basis of accounting. Management value as further described in Note D. Dividend, interest and other investment income, net of believes these amounts to be fully collectible. Accounts receivable consist principally of fees of approximately $32,000 for the year ended December 31, 2020, is reported in the reimbursements and refunds from vendors. period earned as increases in net assets without donor restrictions unless the use of the assets is limited by donorr-imposed restrictions, in which case the earnings are reported in the same 6. Inventories category as the donations. Inventory consists of books, CDs, DVDs and all other related items utilized in the media operation of the Church. Inventory is valued at the lower of cost or net realizable value, with Other investments represent unsecured deposit investments, which are carried at cost, and cost determined on the firstt-in firstt-out basis. totaled approximately $12,176,000 with an interest rate of 2.0% as of December 31, 2020. Accumulated interest remains in the deposit account; although not expected to occur, the 7. Fixed Assets and Depreciation Church has the ability to withdraw funds at any time. Expenditures and donated fixed assets in excess of $5,000 are recorded at cost if purchased or 9. Compensated Absences estimated fair market value if donated. Depreciation of fixed assets is provided over the estimated Full-ttime employees of the Church receive paid vacation and personal days off, depending on job useful lives of the respective assets on a straightt-line basis, ranging from 3-40 years. classification, length of service and other factors. Compensated absences earned but not paid as Expenditures for repairs and maintenance are charged to operating expense as incurred. of December 31, 2020 have been accrued.
The Church records impairment of property and equipment when it becomes probable that the 10. Deferred Revenues carrying value of the assets will not be fully recovered over their estimated useful lives. Deferred revenues are generated from registration fees collected for medical outreaches to be Impairments are recorded to reduce the carrying value of the assets to their net realizable value held in a subsequent year. based on facts and circumstances in existence at the time of the determination. No impairments were recorded during the year ended December 31, 2020.
040 December 31, 2020
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
11. Income Taxes The fair value hierarchy is as follows: The Church is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Level 1: Code and is further classified as a church; as such, the Church does not file income tax returns. • Unadjusted quoted prices for identical assets or liabilities in active markets that the Church 12. Expenses has the ability to access. Advertising Costs – The Church expenses advertising costs as they are incurred. Level 2: • Quoted prices in active markets for similar assets and liabilities. Allocation of Fundraising Costs – The Church allocates fundraising costs in accordance with • Quoted prices for identical or similar assets or liabilities in inactive markets. ASC 958-720-05, Accounting for Costs of Activities of Nott-forr-Profit Organizations and State • Inputs other than quoted prices that are observable for the asset or liability. and Local Governmental Entities That Include Fundraising. Joint costs affecting programs • Inputs that are derived principally from or corroborated by observable market data by and fundraising have been reviewed by management and meet the criteria established by the correlation or other means. accounting standard. During 2020, approximately $3.2 million of television and radio ministry expenses, meeting expenses, monthly mailing costs, and other expenses have been Level 3: allocated to fundraising. • Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Expenses that are allocated include office and occupancy, which are allocated on the basis of usage or square footage as well as salaries and benefits, which are allocated on the basis of The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In estimates of time and effort or employee count. such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Church’s assessment of the 13. Subsequent Events significance of a particular input to the fair value measurement in its entirety requires The Church evaluated its December 31, 2020 financial statements for subsequent events through judgment, and considers factors specific to the investment. April 14, 2021, the date the audited financial statements were available to be issued. The Church’s investments in mutual funds are valued at the daily closing prices as reported As a result of the spread of the COVID-19 coronavirus, economic uncertainties have created the by the fund, which are actively traded, openn-end funds required to publish their daily net asset possibility of negative impacts on the Church's contributions and investments. The potential value (NAV) and to transact at that price. financial impact and duration of this occurrence cannot be reasonably estimated at this time. The Church’s investment in a multi-sstrategy “fund of funds” hedge fund is valued at the NAV reported by the fund. Because the Church does not have the ability to redeem its investment NOTE C - LIQUIDITY AND AVAILABILITY in the hedge fund in the near term (shares are redeemable as of the last day of any calendar The Church strives to maintain liquid financial assets sufficient to cover 90 days of general quarter, after giving 95 days’ written notice, subject to other specified redemption terms), it expenditures. Financial assets in excess of daily cash requirements are invested in reports this investment in Level 3 of the fair value hierarchy. certificates of deposit, money market funds and other shortt-term investments. The fair values of investments carried at fair value as of December 31, 2020 are determined The following table reflects the Church’s financial assets as of December 31, 2020, reduced as follows: by amounts that are not available to meet general expenditures within one year of the Level 1 Level 2 Level 3 Total statement of financial position date: Mutual funds $ 4,843,668 $ – $ – $ 4,843,668 Hedge fund – – 4,985,142 4,985,142 Cash and cash equivalents $ 1 2,529,428 Certificates of deposit 3,950,000 Total $ 4,843,668 $ – $ 4,985,142 $ 9,828,810 Investments 9,828,810 The changes in the fair value of the Church's Level 3 investments held for the year ended Other investments 1 2,175,823 December 31, 2020 are as follows: Accounts receivable 195,372 Pledges receivable 2,348 Level 3 Due from affiliates 403,110 Beginning balance $ 4,397,242 Unrealized gains 587,900 Total financial assets 39,084,891 Financial assets with liquidity horizons greater than one year ( 3,950,000) Ending balance $ 4,985,142 Financial assets available to meet cash needs for general expenditures within one year $ 3 5,134,891 Investment securities are exposed to various risks such as interest rate, market risk, and credit risk. Due to the level of risk associated with certain investment securities and the level of uncertainty Amounts not available include certificates of deposit with limitations as more fully described in related to changes in the value of investment securities, it is at least reasonably possible that Note B.8. Though some of the certificates of deposit have maturity dates in 2021, they are changes in risks in the near term may materially affect the amounts reported in the financial reported as having liquidity horizons greater than one year as it is the intent of the Church to statements. reinvest the matured funds. Amounts not available for general expenditure within one year also may include net assets with donor restrictions. Net assets with donor restrictions at December 31, NOTE E - PLEDGES RECEIVABLE 2020 were restricted for the next period and are considered available. Pledges receivable at December 31, 2020 totaled $2,348, which are expected to be collected within one year. NOTE D - FAIR VALUE MEASUREMENTS AND INVESTMENTS The Church has adopted ASC 820, Fair Value Measurements and Disclosures, for all financial assets and liabilities measured at fair value on a recurring basis. The statement defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The statement also establishes a framework for measuring fair value and provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.
joycemeyer.org/AllThingsPossible 041 Statement of Functional Expenses
Meetings and Creative Missions and Conferences Media Outreach
Advertising $ 32,464 $ 1,473,422 $ 1 38 Books and other outreach expenses 8,482 3,543 402,764 Broadcast time 5,200 15, 128,557 3,420,700 Contract labor 30,835 65,464 36,056 Cost of Christian materials - - - Depreciation and amortization 252,1 3 1 173,063 206,1 1 2 Dues, subscriptions and fees 1 55,354 1,243,223 38,043 Equipment rental 255,237 29,108 67,470 Insurance 390,04 1 3,44 1,557 1 ,0 1 9,545 Outreach programs, services and projects 1,803 287 1 8,953,745 Payroll taxes 64,872 779,854 194,496 Pension 75,309 3 17,245 97,782 Postage 12,604 2,760,360 242,84 1 Printing and production 1 8,4 1 1 4,650,37 1 60,064 Professional fees 248,506 2,625,1 1 0 779,754 Promotional costs 2, 146 10,510 20,247 Rent 2 1 4,747 8,325 1 1,007 Repairs and maintenance 23 1,5 1 0 4 1 5,056 129,015 Salaries 1 ,1 2 1,984 1 1,276,154 3,364,600 Speaker honorariums 63,746 - 2 1,000 Staff training 18,496 26,072 24,468 Supplies 58,022 1 ,034,385 296,544 Taxes and licenses 38,99 1 162,599 28,922 Telephone 6,187 1 18,959 34,5 1 1 Travel 368,349 27,33 1 2 1 1,982 Utilities 22,155 359,546 1 84,9 1 7 Subtotal expenses by function 3 ,697,582 46,130,101 29,846,723 Cost of direct donor benefits - - - Total expenses by function $ 3 ,697,582 $46, 130,10 1 $ 29,846,723
The accompanying notes are an integral part of these financial statements.
NOTES TO FINANCIAL STATEMENTS December 31, 2020
NOTE F - INVENTORIES NOTE G - PROPERTY AND EQUIPMENT
Inventories include the following at December 31, 2020: Property and equipment includes the following at December 31, 2020: Finished goods: Land and land improvements $ 4,923,864 Books $ 1,705,6 1 5 Buildings 25,908,860 Supplies to produce finished goods 444,1 64 Transportation equipment 2 1,063,309 Kits 217,148 TV, computer and other equipment 16,649,264 Novelties 228,220 68,545,297 CD's 134,840 Less: accumulated depreciation 48,47 1, 1 35 Food and household items 99,956 $ 20,074, 162 DVD's 10,399 Other inventory items 25,398
$ 2,865,740
042 For the Year Ended December 31, 2020
Christian Materials Management Distribution and General Fundraising Total
$ - $ - $ 990 $ 1,507,014 20 6,173 76 1 42 1,743 - - 1,526,680 20,08 1,1 37 - 3,729 1,457 1 37,54 1 743,780 - - 743,780 158,778 593,304 - 1,383,388 44,803 276,56 1 1, 172 1,759,156 2,378 19,358 12,735 386,286 4 1 8,40 7 2,032,598 4,707 7,306,855 - 16 - 1 8,955,85 1 70,105 395,428 4,716 1,509,47 1 49,384 22 1,699 5,724 767,1 43 2,143,884 8,639 303,353 5,471,68 1 162,230 17 1,203 598,794 5,66 1,073 22,299 26 1,368 566,706 4,503,743 1 30,9 1 1 2,382 375 166,57 1 - 40,434 9,727 284,240 67,234 172,875 868 1,01 6,558 900,1 30 5,856,080 94,637 22,6 1 3,585 - - 3,749 88,495 1,536 5 1,356 9 1 2 1,937 134,074 288,709 14,806 1,826,540 207,48 8 172,426 195 6 1 0,62 1 2,75 7 30,578 1,075 194,067 1,580 75,238 39,534 724,0 1 4 24,2 1 4 146, 1 1 9 169 737,120 5,285,992 10,826,273 3, 1 92,939 98,979,6 10 - - 2,448,962 2,448,962 $ 5,285,992 $10,826,273 $ 5,64 1 ,90 1 $ 1 0 1,428,572
The accompanying notes are an integral part of these financial statements.
December 31, 2020
NOTE H – PAYCHECK PROTECTION PROGRAM On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act was on principal or other monies held in the endowment fund may, with Board approval, be used signed into law providing certain economic aid packages for small businesses. The Church for the following purposes: qualified as a small business under CARES and submitted an application for approval for • Emergency funds funding under the Paycheck Protection Program. The application was approved and funds • Longg-term investment of $5,084,900 were disbursed to the Church in April 2020. The Church has used these funds for the expenses qualifying for forgiveness under the CARES Act. The Church has • Maintenance and support of the physical assets of the Church applied for forgiveness and has reported these funds as grant revenue as the Church has • To encourage, receive and administer gifts from donors substantially met the conditions of this grant during the year ended December 31, 2020. • Outreach ministries • Seed money for new ministries and special projects NOTE I – NET ASSETS • Such other purposes as may be specifically designated by donors of the Church whose gifts are included in the endowment fund Board-designated Endowment The Church's Board of Directors has established a board-designated endowment which • Such other purposes as the officers of the Church deem appropriate and reasonable consists of investments and certificates of deposit held by the Church. The funds are expenditures invested to seek growth of principal over time; however, any income, principal, appreciation
joycemeyer.org/AllThingsPossible 043 NOTES TO FINANCIAL STATEMENTS December 31, 2020 NOTE I - NET ASSETS - CONTINUED NOTE L – SUPPORT OF OTHER MINISTRIES Changes in endowment investments by net asset composition for the year ended December 31, During the 1990's, Joyce Meyer Ministries, Inc. began to finance the establishment of similar 2020 are as follows: international ministries called Joyce Meyer Ministries Canada (Vancouver), Joyce Meyer Without donor With donor Ministries Australia, Joyce Meyer Ministries England, Joyce Meyer Ministries South Africa, restrictions restrictions Total Joyce Meyer Ministries Germany and Joyce Meyer Ministries India. During 2020, the Endowment, Church received approximately $2.2 million in contributions from affiliates and earned beginning of year $ 10,083,788 $ – $ 10,083,788 approximately $444,000 in revenues from sales of services to affiliate organizations. The Contributions 3,000,000 – 3,000,000 Church has outstanding advances of approximately $403,000 due from its international Investment return, net 806,525 – 806,525 affiliated ministries as of December 31, 2020. Endowment, end of year $ 1 3,890,313 $ – $ 13,890,313 The Church provides broadcasting airtime, supplies, and various other services including marketing and distribution services to some of its international affiliated ministries without Investment and Spending Policies charge. Total donated goods and services provided to affiliates totaled approximately $5.9 The overall investment objective of the Church is to maximize the return on invested assets million in 2020 to support the mission of those entities. All expenses incurred by the Church while minimizing risk and expenses in order to fulfill its mission more completely by on behalf of these affiliates have been recognized as missions and outreach in the statement developing its ministries beyond what is possible through annual operating funds. This is done of activities. through prudent investing and planning, as well as through the maintenance of a diversified portfolio. Investment returns are achieved through capital appreciation, realized and unrealized, and current yield, such as interest and dividends. The Church's Board of Directors has interpreted the Missouri Uniform Prudent Management of Institutional Funds Act (UPMIFA) for donor restricted funds and as it applies to Board- designated endowments. As of December 31, 2020, there were no funds in the endowment with donor restrictions.
Net Assets with Donor Restrictions As of December 31, 2020, the Church held net assets restricted by donors, totaling $2,348 for expenditure in future periods. During the year ended December 31, 2020, $172,827 in donorr-imposed net asset restrictions were released by incurring expenses in satisfaction of the restricted purposes or by the occurrence of other events specified by the donors.
NOTE J – COMMITMENTS AND CONTINGENCIES
Airtime — The Church has radio and TV airtime contracts extending to 2021. These contracts may be terminated with a fourteen to sixty day notification. The average monthly cost of these contracts is approximately $1.7 million.
Self-Insurance — The Church self-insures for workers’ compensation, employee health and dental claims. Operations are charged with the cost of claims reported and an estimate of claims incurred but not reported. A liability for unpaid claims and the associated claim expenses is recognized as an expense and accrued at yearr-end. The determination of such claims and expenses and the appropriateness of the related liability are continually reviewed by management and a third party. The Church has purchased stopp-loss insurance to supplement the plans, which will reimburse the Church for workers’ compensation claims in excess of $400,000. Medical stopp-loss insurance is purchased to reimburse individual medical claims in excess of $125,000 and $5,331,876 in the aggregate. Dental claims are capped at $1,500 per insured person per year. The Church self-insures dental claims at 100%.
Litigation — The Church is occasionally involved in litigation as either a plaintiff or defendant arising in the normal course of its activities. The results thereof are not expected to be significant to the Church’s financial position or operating activities. The Church purchases general liability insurance for conferences with a self-insurance retention limit of $50,000 per claim and a limit of $1,000,000 per claim and $3,000,000 aggregate. The Church also purchases umbrella liability coverage with a limit of $15,000,000 to cover claims in excess of the underlying general liability limits.
NOTE K – RETIREMENT PLANS The Church maintains retirement plans that cover full-ttime employees who participate and are at least 18 years of age. Contributions to the plans during 2020 were approximately $767,000.
044 MANAGEMENT REPORT TO SUPPORTERS REGARDING COMPENSATION
April 14, 2021
To Supporters of Joyce Meyer Ministries, Inc.
In 2020, the compensation approved by the Board of Directors and provided to Joyce Meyer, as President of Joyce Meyer Ministries, Inc., included salary and fringe benefi ts of $250,000, a housing allowance and contributions to retirement plans. During 2020, the Ministry’s gross profi ts from Joyce’s books and the honorariums received by the Ministry from Joyce’s speaking engagements exceed her total compensation stated above.
e Ministry is voluntarily releasing this information to our partners to provide transparency regarding the Ministry’s operations.
Sincerely,
Delanie Trusty, CPA, CTP, CGMA Chief Financial Offi cer
INDEPENDENT ACCOUNTANT’S REPORT ON MANAGEMENT ASSERTIONS
Independent Accountant’s Report on Management Assertions
To Supporters of Joyce Meyer Ministries, Inc. We have examined the assertion of management of Joyce Meyer Ministries, Inc. (the Church) that, for the year ended December 31, 2020, compensation approved by the Board of Directors and provided to Joyce Meyer consisted of salaries, including taxable fringe benefi ts, of $250,000, a housing allowance and contributions to retirement plans. We also examined the assertion that, during 2020, gross profi ts received by the Church from the sale of Joyce Meyer’s books and honorariums received by the Church for Joyce Meyer’s speaking engagements exceeded her total compensation described above. Joyce Meyer Ministries, Inc.’s management is responsible for the assertions. Our responsibility is to express an opinion on the assertions based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certifi ed Public Accountants. ose standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertions are fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about management’s assertions. e nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatements of management’s assertions, whether due to fraud or error. We believe that the evidence we obtained is suffi cient and appropriate to provide a reasonable basis for our opinion. In our opinion, management’s assertions referred to above are fairly stated, in all material respects.
Tulsa, Oklahoma April 14, 2021 joycemeyer.org/AllThingsPossible 045 MANAGEMENT REPORT TO SUPPORTERS REGARDING PROGRAM EXPENSES
April 14, 2021
To Supporters of Joyce Meyer Ministries, Inc.
During 2020, 86 percent of total operating expenses per the statement of activities were used for outreach and programs directed at reaching people with the Gospel of Jesus Christ.
Sincerely,
Delanie Trusty, CPA, CTP, CGMA Chief Financial Offi cer
INDEPENDENT ACCOUNTANT’S REPORT ON MANAGEMENT ASSERTION
Independent Accountant’s Report on Management Assertion
To Supporters of Joyce Meyer Ministries, Inc. We have examined management’s assertion that, for the year ended December 31, 2020, 86 percent of Joyce Meyer Ministries, Inc.’s total operating expenses per the statement of activities were used for outreach and programs directed at reaching people with the Gospel of Jesus Christ. Joyce Meyer Ministries, Inc.’s management is responsible for the assertion. Our responsibility is to express an opinion on the assertion based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certifi ed Public Accountants. ose standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion is fairly stated, in all material respects. An examination involves performing procedures to obtain evidence about management's assertion. e nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material misstatements of management’s assertion, whether due to fraud or error. We believe that the evidence we obtained is suffi cient and appropriate to provide a reasonable basis for our opinion.
In our opinion, management’s assertion referred to above is fairly stated, in all material respects.
Tulsa, Oklahoma April 14, 2021
046 ThankIn 2020, you, our partners, touched the lives ofYou people everywhere. This year was lled with amazing stories and awe inspiring moments of God’s goodness, and you have a part in every single one. From the bo om of our hearts, thank you.
To learn more about partnership visit: joycemeyer.org/partnership
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