Add ministry to your portfolio

Steve Wingfield Evangelistic Association

Rating
Sector:

Evangelism

Total
Revenue:

$1,451,066

Total
Expenses:

$2,062,509

Net
Assets:

$300,518
Email us here to send electronic copies of updated IRS Form 990 and/or Audited Financial Statements. You may also request changes to any of the non-financial content for a given ministry. Please be as specific as possible for any changes.

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 114.2%
General & Admin 12.5% 8.5%
Fundraising 6.8% 15.7%
Savings -4.4% -42.1%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

Steve Wingfield Evangelistic Association is an interdenominational ministry dedicated to reaching the world for Jesus Christ through evangelistic encounters and crusades both domestically and in foreign countries. Wingfield Ministries has a sincere burden for the body of Christ, the Church. Wingfield Ministries believe that God's purpose for the ministry is to assist the local community of faith by coming along side what they are already doing and helping them with the work of evangelism, primarily through an Encounter. Steve and Barbara Wingfield formed the ministry in 1987 when they answered the call to full-time evangelism. This organization is a nonprofit under the laws of the Commonwealth of Virginia. 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:2389 Grace Chapel Road
Harrisonburg, VA
22801-2801
Website: www.stevewingfield.org
Phone:(800) 729-2239, (540) 433-0769
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 541437764
CEO/President: Rev. Steve Wingfield Tax Deductible: Yes
Chairman: Sonny Meyerhoeffer Fiscal Year End: June 30
Board Size: 21 Financial info from: 990
Founder: Rev. Steve Wingfield Member of ECFA: Yes
Year Founded: 1987 Member of ECFA since: 1989

Purpose [ Back to top ]

Wingfield Ministries (dba Steve Wingfield Evangelistic Association) (SWEA) is an interdenominational ministry dedicated to reaching the world for Jesus Christ through evangelistic Festivals both domestically and in foreign countries. Wingfield Ministries has a sincere burden for the body of Christ, the Church. Wingfield Ministries believes that God's purpose for the ministry is to assist the local community of faith by coming along side what they are already doing and helping them with the work of evangelism, primarily through a Festival. Steve and Barbara Wingfield formed the ministry in 1987 when they answered the call to full-time evangelism.

This organization is a nonprofit under the laws of the Commonwealth of Virginia. 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 ]

Need Mission Statement

Program Accomplishments [ Back to top ]

Need Program Accomoplishments info

Statement of Faith [ Back to top ]

Steve Wingfield Evangelistic Association subscribe to the following statement of faith:

We believe the Bible to be the inspired, infallible and authoritative Word of God.

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

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and His personal return to earth in power and glory.

We believe that, for the salvation of lost and sinful man, regeneration by the Holy Spirit through faith in Jesus Christ is absolutely essential.

We believe in the resurrection of both the saved and the lost - they that are saved unto the resurrection of life, and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ.

History [ Back to top ]

In 1970, Steve Wingfield began to receive invitations to hold area-wide evangelistic meetings. Even while pastoring, he conducted two or three area-wide interdenomiational meetings each year. In 1983, after much prayer and counsel from many people, Steve and his wife Barbara answered God's call to full-time evangelism, thus giving birth to the present ministry. Steve had previously worked with Inter-Church, Inc. on crusades as a minister. Much of the ministry has been modeled after the Billy Graham Evangelistic Association.

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 : B
Criteria categoryGradeOther Comments
Timeliness:7010/28/2011 8:34:11 PM: Organization made financial information available greater than 7 ½ months.
Financial Information:80
Foundational Clarity:10010/28/2011 8:34:30 PM: Descriptive information was abundant and thorough.
Level of Cooperation:100
Click here to compare ministries on transparency and other stats
Click here to learn more about how ministries are graded

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

Ranking CategoryRatingOverall RankEvangelism Sector
Overall Efficiency RatingStarStar310 of 348    27 of 28
Fund Acquisition DecisionStarStar310 of 348      27 of 28
Resource Allocation Decision of 348      19 of 28
Asset Utilization Decision of 348      19 of 28
Learn how the ratings are calculated for this ministry
Learn how ratings are calculated in general -- or here for a longer explanation
Click here to compare ministries

Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts10%16%12%0%0%0%
Fundraising Cost Ratio7%16%10%0%0%0%
Contributions Reliance83%99%83%0%0%0%
Fundraising Expense Ratio7%11%11%0%0%0%
Other Revenue Reliance17%1%17%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%80%77%0%0%0%
Spending Ratio104%142%88%0%0%0%
Program Output Ratio84%114%68%0%0%0%
Savings Ratio-4%-42%12%0%0%0%
Reserve Accumulation Rate4%-203%20%0%0%0%
General & Admin Ratio12%9%12%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.91x3.3x1.46x0x0x0x
Degree of L-T Investment3.1x3.35x3.17x0x0x0x
Current Asset Turnover5.56x11.06x4.63x0x0x0x
Age of Assets10.5yr(s)8.2yr(s)8.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3306.32x7.63x13.55x0x0x0x
Current Liabilities Ratio.39x.13x.07x0x0x0x
Liquid Reserve Level4.91x.94x2.4x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.52x.02x0x0x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%15%67%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$101,976$152,318$211,780$249,869$74,126
Receivables, Inventories & Prepaids$84,554$142,540$132,692$155,561$125,086
Short-Term Investments$0$0$0$0$0
Total Current Assets$186,530$294,858$344,472$405,430$199,212
Long-Term Investments$63,574$263,157$0$0$0
Fixed Assets$374,840$376,198$395,561$438,421$475,404
Other Long-Term Assets$0$0$0$0$200,000
Total Long-Term Assets$438,414$639,355$395,561$438,421$675,404
TOTAL ASSETS$624,944$934,213$740,033$843,851$874,616
Liabilities20072006200520042003
Payables & Accrued Expenses$24,438$21,761$9,399$42,378$19,753
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$24,438$21,761$9,399$42,378$19,753
Debt$0$0$0$0$180,488
Other Long-Term Liabilities$299,988$0$0$0$0
Total Long-Term Liabilities$299,988$0$0$0$180,488
TOTAL LIABILITIES$324,426$21,761$9,399$42,378$200,241
Assets20072006200520042003
Unrestricted$16,532$641,684$462,735$539,864$674,375
Temporarily Restricted$283,986$270,768$267,899$1,609$0
Permanently Restricted$0$0$0$260,000$0
NET ASSETS$300,518$912,452$730,634$801,473$674,375
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$1,439,935$1,276,377$1,127,284$1,275,543$1,055,634
Program Service Revenue$24,867$242,182$104,811$85,440$100,319
Membership Dues$0$0$0$0$0
Investment Income$20,060$19,739$2,945($62,655)$4,326
Other Revenue($33,796)$7,403$11,658$18,190$6,950
Total Other Revenue$11,131$269,324$119,414$40,975$111,595
TOTAL REVENUE$1,451,066$1,545,701$1,246,698$1,316,518$1,167,229
Expenses20072006200520042003
Program Services$1,658,488$1,043,806$993,817$907,437$790,451
Management & General$175,821$166,800$145,768$112,082$147,829
Fundraising$228,200$153,216$177,952$169,901$184,920
TOTAL EXPENSES$2,062,509$1,363,822$1,317,537$1,189,420$1,123,200
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($611,443)$181,879($70,839)$127,098$44,029
Other Changes in Net Assets($491)($61)$0$0$0
TOTAL CHANGE IN NET ASSETS($611,934)$181,818($70,839)$127,098$44,029