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Chapel of the Air, Inc./ Mainstay Ministries/ David Mains

Rating
Sector:

Christian Growth

Total
Revenue:

$183,697

Total
Expenses:

$136,233

Net
Assets:

($1,120,330)

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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

The Chapel of the Air Ministries, Inc. ("Chapel") is a non-denominational, international outreach with the goal to facilitate revival among God's people. It attempts to do this in the following nine ways: (1) by increasing and renewing participation in Worship; (2) by encouraging an outpouring of love among God's people; (3) through a heightened awareness of Holiness with confession, repentance and restitution; (4) by encouraging an eagerness for Christian service; (5) through anointed preaching of and individual interest in the Holy Word of God; (6) facilitating a growing boldness in prayer; (7) helping people in their witness to and evangelism of the non-churched community; (8) supporting an all out involvement in spiritual warfare; and, (9) by fostering a sense of well being or wholeness. In past years, Chapel has sponsored an annual 50-Day Spiritual Adventure, which is designed to accelerate personal and public spiritual growth habits in the home, church, workplace, community and nation. Mainstay Church Resources was created in 1997 to publish and distribute the 50-Day Spiritual Adventure materials and market and conduct the 50-Day Spiritual Adventure Pastor Training Conferences. Chapel is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:PO Box 30
Wheaton, IL
60187-0187
Website: www.mainstayministries.org
Phone:(630) 668-7992
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 362277348
CEO/President: Dr. David Mains Tax Deductible: Yes
Chairman: Dr. David Mains Fiscal Year End: May 31
Board Size: 7 Financial info from:
Founder: Member of ECFA: No
Year Founded: 1939 Member of ECFA since:

Purpose [ Back to top ]

The Chapel of the Air Ministries, Inc. ("Chapel") (also goes by the name Mainstay Ministries (dba)) is a non-denominational, international outreach dedicated to equipping the Church to experience the reality of Christ's presence, for both its own benefit and the good of the world. Chapel's goal is to facilitate revival among God's people. It attempts to do this in the following nine ways: (1) by increasing and renewing participation in Worship; (2) by encouraging an outpouring of love among God's people; (3) through a heightened awareness of Holiness with confession, repentance and restitution; (4) by encouraging an eagerness for Christian service; (5) through anointed preaching of and individual interest in the Holy Word of God; (6) facilitating a growing boldness in prayer; (7) helping people in their witness to and evangelism of the non-churched community; (8) supporting an all out involvement in spiritual warfare; and, (9) by fostering a sense of well being or wholeness. Chapel's strategy is to encourage these nine characteristics of revival by using its CHURCH strategy: Champion its causes; Help its leadership; Undergird it with resources; Research its needs; Challenge its membership; Highlight its stories. In past years, Chapel has sponsored an annual 50-Day Spiritual Adventure, which is designed to accelerate personal and public spiritual growth habits in the home, church, workplace, community and nation. Mainstay Church Resources was created in 1997 to publish and distribute the 50-Day Spiritual Adventure materials and market and conduct the 50-Day Spiritual Adventure Pastor Training Conferences. Chapel also operates the following programs: 4-Week Worship Celebration; Super Seminars; and Chapel Choices.

Chapel is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Chapel uses the following to express its mission statement:

Our mission is to equip the church to experience the delightful reality of Christ's presence both for its own benefit and for the immense good of the world.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

Mainstay Ministries uses the following to express its statement of faith:

We believe the Bible to be the inspired, infallible Word of God;

We believe in one God, eternally existent in three persons-- Father, Son, and Holy Spirit;

We believe in the deity of Christ, his virgin birth, his miracles, his vicarious and atoning death, his bodily resurrection, and his imminent personal return in power and glory;

We believe that the regeneration of the Holy Spirit is essential for the salvation of lost and sinful men;

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

We believe in the resurrection of the saved and the lost-- the believer unto life and the unbeliever unto judgment;

We believe that all Christians are responsible to witness by word and deed to others throughout the world.

History [ Back to top ]

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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 : C
Criteria categoryGradeOther Comments
Timeliness:7012/8/2007 4:55:55 PM: Organization made financial information available greater than 7 ½ months.
Financial Information:8012/8/2007 4:56:06 PM: Organization provided minimal financial information.
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

This ministry has not been rated

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Financial Snapshot
  • The overall 5 Star Financial Efficiency Rating is a summarization of the rating system’s three efficiency areas. The three efficiency areas are Fund Acquisition, Resource Allocation and Asset Utilization.
  • Chapel had an average rating in the Fund Acquisition area of the rating system but ranked above average. During 2002 they spent about $35 thousand to raise about $733 thousand in contributions; so about 5 cents of every contributed dollar was consumed by fundraising (about 9 cents is average.)
  • Chapel ranks in the lowest third of all rated ministries in the Resource Allocation portion of the rating system. For fiscal year 2002, their functional expense breakdown is as follows: Program Expense 67%, Management and General Expense 20%, and Fundraising Expense 13%. The average expense composition for the MinistryWatch database is Program Expense 79%, Management and General Expense 14%, and Fundraising Expense 7%.
  • In the Asset Utilization portion of the rating system, Chapel had an average rating. (Asset utilization gauges organizations’ spending verses asset accumulation by comparing total expenses and total assets. In theory, all things being equal, an organization that spends more meets current needs better than one that maintains more assets.) For fiscal year 2002, they spent about $208 thousand or approximately1.3 times their total year-end asset balance.

Analyst Comments [ Back to top ]

MinistryWatch.com's Take

Ministry Statement or Response [ Back to top ]

Financial Information:

Financials[ Back to top ]

Balance Sheet
Assets20082007200620052004
Cash$19,515$1,164$9,598($6,456)($9,748)
Receivables, Inventories & Prepaids$0$0$0$1,504,000$1,402,634
Short-Term Investments$1,688$47$2,872($2,952,952)($1,304,077)
Total Current Assets$21,203$1,211$12,470($1,455,408)$88,809
Long-Term Investments$2,257$3,053$6,053$0$0
Fixed Assets$0$0$0$8,444$7,125
Other Long-Term Assets$0$0$0$15,436$15,436
Total Long-Term Assets$2,257$3,053$6,053$23,880$22,561
TOTAL ASSETS$23,460$4,264$18,523($1,431,528)$111,370
Liabilities20082007200620052004
Payables & Accrued Expenses$225($76)$15,807$46,339$91,929
Other Current Liabilities$786,989$815,555$836,215$252,752$239,000
Total Current Liabilities$787,214$815,479$852,022$299,091$330,929
Debt$356,576$356,576$356,576$330,576$330,576
Other Long-Term Liabilities$0$0$0$1,078$1,625
Total Long-Term Liabilities$356,576$356,576$356,576$331,654$332,201
TOTAL LIABILITIES$1,143,790$1,172,055$1,208,598$630,745$663,130
Assets20082007200620052004
Unrestricted($1,120,330)($1,167,791)($1,190,075)($2,062,273)($551,760)
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS($1,120,330)($1,167,791)($1,190,075)($2,062,273)($551,760)
Revenue and Expenses
Revenue20082007200620052004
Total Contributions$182,427$153,221$220,888$197,499$261,495
Program Service Revenue$500$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$19$83$4$73$1,441
Other Revenue$751$986$0($18,291)$0
Total Other Revenue$1,270$1,069$4($18,218)$1,441
TOTAL REVENUE$183,697$154,290$220,892$179,281$262,936
Expenses20082007200620052004
Program Services$69,767$58,655$58,667$58,711$69,912
Management & General$66,466$73,351($710,106)($18,950)$34,347
Fundraising$0$0$132$243$0
TOTAL EXPENSES$136,233$132,006($651,307)$40,004$104,259
Change in Net Assets20082007200620052004
SURPLUS (DEFICIT)$47,464$22,284$872,199$139,277$158,677
Other Changes in Net Assets($3)$0($1)($1,405,406)$11,584
TOTAL CHANGE IN NET ASSETS$47,461$22,284$872,198($1,266,129)$170,261

Functional Expenses [ Back to top ]

Funding Ratios20082007200620052004
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$0$0$0$0$13,532
Other Salaries, Wages$18,598$18,531$9,817$90$43,967
Pension Plan Contributions$0$0$365$0$0
Other Employee Benefits$6,587$7,761$10,587$1,390$387
Payroll Taxes$1,925$1,970$7,672($43,667)$2,360
Professional Fundraising Fees$300$0$3,156$0$0
Accounting Fees$6,006$5,949$8,370$3,522$1,403
Legal Fees$365$320$1,627$1,355$0
Supplies$1,867$5,340$4,528$2,618$1,539
Telephone$2,973$2,973$3,542($632)$0
Postage & Shipping$1,720$1,951$926($1,350)$296
Occupancy$8,963$8,274$3,167$7,320$9,353
Equipment Rental & Maintenance$12,622$12,313$15,564$2,973$0
Printing & Publications$18,961$16,351$24,220$9,972$13,431
Travel$15,835$28,214$10,495$6,552$0
Conferences, Conventions & Meetings$330$2,072$0$0$0
Interest$1,029$1,445$3,534$1,159$1,216
Depreciation, Depletion etc.$1,709$3,000$2,390$3,044$2,390
Other Expenses$36,443$15,542($761,267)$45,658$14,385
TOTAL NATURAL EXPENSES$136,233$132,006($651,307)$40,004$104,259