Crown Financial Ministries

Summary

Crown Financial Ministries ("Crown") teaches biblical principles of finance and money management. It also trains others to teach these principles and provides counseling and assistance to those in need. Its public image is through its radio programs which present biblical truths relating to stewardship, ethics, practical money management, and God's ability to meet financial needs (25-minute daily program, "Money Matters", 3 minute program "How to Manage Your Money", and "A Money Minute"). But it also conducts small group studies, seminars and other programs. Crown is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Organization Details [ Back to top ]

Purpose [ Back to top ]

Crown Financial Ministries ("Crown") teaches biblical principles of finance and money management. It also trains others to teach these principles and provides counseling and assistance to those in need. Its public image is through its radio programs which present biblical truths relating to stewardship, ethics, practical money management, and God's ability to meet financial needs (25-minute daily program, "Money Matters", 3 minute program "How to Manage Your Money", and "A Money Minute"). But it also conducts small group studies, seminars and other programs.

Crown is a nonprofit organization and contributions to it are fully tax deductible to the extent allowed by law. In addition, it is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Crown expresses its mission statement as follows:

Training people to be financially faithful in order to know Christ more intimately and to be freed to serve Him.

Crown communicates its objectives in the following way:

• To encourage people to experience more intimate fellowship with Christ. Luke 16:11 expresses the correlation between how we handle our resources and the quality of our fellowship with the Lord: "If therefore you have not been faithful in the use of worldly wealth, who will entrust the true riches to you?"
• To challenge each person to invite Jesus Christ to be their Lord. Money is a primary competitor with Christ for the lordship of our lives. Matthew 6:24 reads, "No one can serve two masters . . . he will hate the one and love the other . . . You cannot serve God and mammon (money)."
• To build close relationships among the participants.
• To help the students put their financial house in order.

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

Crown Ministries communicates its statement of faith as follows:

• We believe that the Bible is the inspired, authoritative Word of God. It is without error in all its teaching.
• We believe that there is one God, Lord of the universe, eternally existent in three persons: the Father, the Son and the Holy Spirit.
• We believe in the deity of Jesus Christ, in His virgin birth, in His perfect, sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to heaven to the right hand of God the Father, and in His personal and visible return in power and glory.
• We believe that all people are lost sinners and that regeneration by the Holy Spirit is absolutely essential.
• We believe in the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life.
• We believe that all people will be resurrected (those who are saved to eternal life and those who are lost to eternal damnation.)
• We believe in the spiritual unity of believers in our Lord Jesus Christ.
• We believe that God, as Creator, is the ultimate Owner of all possessions on earth. God has given people the authority to be steward of those possessions and the responsibility to faithfully manage them according to the principles in the Word of God.

History [ Back to top ]

Crown Financial Ministries was formed when Crown Ministries (Howard Dayton) and Christian Financial Concepts (Larry Burkett) merge together in 2000. Larry Burkett and Howard Dayton had been acquaintances for years and friends since the early 1990's. Concurrently, God had impressed both men with the need to expand into new areas for their repspective ministries. Howard recognized that Crown Ministries was fulfilling one aspect of financial ministry by teaching one church at a time with small-group studies through out the U.S. and globally. But he had a vision to reach millions not just thousands. He realized something was not complete. On the other hand Larry had a giant growth in the outreach of Christian Financial Concepts, but the area that he wanted to reach the most was small-study groups within local churches. Larry had recognition through his radio broadcasts but again something was not right.

Both men were looking for that extra something to add to their already successful ministries when the Lord kept impressing the scripture from Esther 4:14,"Yet who know whether you have come to the kingdom for such as time as this?"(NKJV) in both Larry's and Howard's mind to seek a better way.

After a radio interview, Larry felt the leading of the Lord to ask Howard about merging the two organizations together. After many personal talks between the men, it moved to a more serious discussion with the boards of directors of both of the ministries. There were many studies, discussions and lots of prayers before the boards agreed wholeheartedly to join hands.

Both Larry and Howard served as co-CEOs until May of 2001 and then Howard assumed the role of CEO. The two boards merged into one; two ministries creating a partnership that has a far greater outreach to the churches in the United States and worldwide.

Following a long and courageous battle with cancer and heart disease, Larry Burkett completed his journey of serving the Lord Jesus Christ on this earth. Having battled cancer and heart attacks for the past several years, God called Larry into His presence at 3pm on July 4, 2003. The ministry of Crown continues on with fondest memories of Larry and with profound thanks to the Lord for His work through Larry for so many years.

Ministry Needs [ Back to top ]

Crown Financial Ministry express its needs as follows:

Prayers

As a nonprofit ministry,Crown Financial is sustained through the prayerful support of God’s people.

Research Analysis

Transparency Grade [ Back to top ]

MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking Category	Rating	Overall Rank	Christian Growth Sector
Overall Efficiency Rating		303 of 347	28 of 37
Fund Acquisition Decision		310 of 347	33 of 37
Resource Allocation Decision		320 of 347	29 of 37
Asset Utilization Decision		157 of 347	10 of 37

Shining Light [ Back to top ]