STEER, Inc.

Summary

STEER, Inc. ("STEER") is an evangelical, agricultural, fundraising organization which supports missions around the world. The goal of STEER's ministry is to assist selected mission organizations with the fundraising necessary to bring about world evangelization. The ministry works to bring together the contributions of donors with farmers who also desire to be involved in missions, but who may lack the capital needed to expand their herds or acreage in order to support missions. STEER's stewardship program operates as follows: Donors provide cash for a $700 Unit. This Unit is insured by STEER, Inc. The $700 UNIT is invested with a farmer/rancher to buy livestock or assist in planting a crop for missions. This is only an investment from which earnings are sent to missions each year. When the farmer/rancher markets the livestock or crop, the gain is processed for missions by STEER and the Unit is reinvested. STEER sends no money to any organizations that have not first been approved by the Board of Directors. STEER was founded in Park River, ND in 1957. This organization 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).

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Organization Details [ Back to top ]

Purpose [ Back to top ]

STEER, Inc. ("STEER") is an evangelical, agricultural, fundraising organization which supports overseas missions around the world. The goal of STEER's ministry is to assist selected mission organizations with the fundraising necessary to bring about world evangelization. The ministry works to bring together the contributions of donors with farmers who also desire to be involved in missions, but who may lack the capital needed to expand their herds or acreage in order to support missions.

STEER endeavors to strengthen and enlarge the ministries of these missions through its stewardship plan. Essentially, through the stewardship plan donors purchase a 'multiplied giving Unit' for $700 which is then invested in livestock or crops with a participating farmer who becomes a partner in missions with the donor. The Unit can be designated for any one of STEER's member mission organizations (more than 80) or where most needed. The Unit becomes the property of STEER and a percentage is used for operating expenses and an insurance fund. The Unit is protected by STEER's insurance fund.

Eligible mission societies must make application in order to receive support. STEER directs the Unit funds through to the farmer-rancher who uses it to buy the livestock or crops of their choice, and where they join with the donor in directing a percentage of the gain from each project through to the mission of choice. Funds are distributed to designated mission organizations upon the sale of livestock and related assets. Risk is associated with the Unit due to the fluctuation of prices in the grain and livestock markets. STEER projects are scattered across 31 states and among 900 farmer/ranchers. On average 31% of expenses are allocated to insurance, depreciation and operations, and 69% is directed to designated missions organizations. STEER has a 17 member board of directors and has six fulltime and three part-time headquarters staff, while it is helped in fundraising by volunteer area representatives in different parts of the country. STEER was founded in Park River, ND in 1957.

This organization 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 ]

Steer expresses its mission as follows:

"STEERing money to missions."

"Creative giving to world missions for farmers, ranchers and cattle feeders."

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

STEER subscribes to the following doctrinal statement:

We believe the Bible, consisting of Old and New Testaments, to be the only verbally inspired by the Holy Spirit, inerrant, infallible and authoritative Word of God written.

We believe there is one God, eternally existent in three persons: Father, Son and Holy Ghost.

We believe in the deity of Christ, His virgin birth, His sinless life, His miracles, His vicarious and atoning death through His shed blood, His bodily resurrection and His ascension to the right hand of God the Father where He is now making intercession for us.

We believe Jesus Christ's return is imminent, and will be visible and personal.

We believe that Adam, created in the image of God, was tempted by Satan, the Devil, and fell. Because of Adam's sin all men have guilt imputed, are totally depraved and need to be regenerated by the Holy Spirit for salvation.

We believe salvation consists of the remission of sins, the imputation of Christ's righteousness and the gift of eternal life received by faith alone, apart from works.

We believe in the resurrection of both the saved and the lost; they that saved unto the resurrection of everlasting life and blessedness in Heaven; and they that are lost, unto the resurrection of everlasting punishment in Hell.

We believe the Church, the body of Christ, consists of those who are born again and who are baptized by the Holy Spirit unto Christ at the time of regeneration.

We believe in the spiritual unity of all believers in Christ.

We believe Jesus Christ commanded the Church to go into all the world and preach the Gospel to every creature, baptizing and teaching those who believe.

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 ]

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

Ranking Category	Rating	Overall Rank	Evangelism Support Sector
Overall Efficiency Rating		291 of 348	32 of 37
Fund Acquisition Decision		291 of 348	33 of 37
Resource Allocation Decision		of 348	15 of 37
Asset Utilization Decision		of 348	15 of 37