Vision New England

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/17/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Vision New England ("VNE") formerly known as the Evangelistic Association of New England, has brought believers and churches together for evangelism and renewal. Now the largest regional association in the country, more than 28 Vision New England ministry initiatives serve more than 3,000 churches in 80 denominations. As the region's leading resource for pastors and churches, Vision New England is an interdependent network of individual Christians and local churches who are committed to reaching New England through healthy churches. VNE is organized as a nonprofit organization. Contributions to VNE are fully deductible to the extent allowed by the law. VNE is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
468 Great Road
Acton, MA 01720-4102

Website: www.visionnewengland.org

Phone: (978) 929-9800

Email: info@vision4ne.org


Organization details

EIN: 042121335

CEO/President: Rev. Dr. David Midwood

Chairman: Mr. Caleb Loring III

Board size: 14

Founder: Group of Christian laymen

Year founded: 1889

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1987


Purpose

Vision New England ("VNE") formerly known as the Evangelistic Association of New England, has brought believers and churches together for evangelism and renewal. Now the largest regional association in the country, more than 28 VNE ministry initiatives serve more than 3,000 churches in 80 denominations. As the region's leading resource for pastors and churches, VNE is an interdependent network of individual Christians and local churches who are committed to reaching New England through healthy churches.

VNE is organized as a nonprofit organization. Contributions to VNE are fully deductible to the extent allowed by the law. VNE is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

VNE uses the following to communicate its mission:

To partner with pastors, leades and believers in order to strenghten local churches and foster siritual renewal throughout New England.


Statement of faith

Vision New England("VNE") uses the following to express its Statement of Faith:

The Bible to be the inspired, the only infallible, authoritative Word of God.
There is one God, eternally existent in three persons: Father, Son and Holy Spirit.
The deity of our Lord Jesus Christ, His virgin Birth, His sinless life, His miracles, His vicarious and atoning death through His shed blood, His bodily resurrection, His ascension to the right hand of the Father, and His personal return in power and glory.
That for the salvation of lost and sinful man, regeneration by the Holy Spirit is absolutely essential.
The present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.
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.
The spiritual unity of believers in our Lord Jesus Christ.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism Support

CategoryRatingOverall rankSector rank
Overall efficiency rating557 of 81728 of 48
Fund acquisition rating154 of 8179 of 48
Resource allocation rating526 of 81730 of 48
Asset utilization rating796 of 81747 of 48

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
5%2%6%7%6%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%2%6%6%5%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%97%86%84%83%56%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%3%6%6%5%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%3%14%16%17%44%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%81%82%81%84%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%77%95%102%89%105%
Program output ratio Program output ratio =
Program services /
Total revenue
81%62%78%83%75%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%23%5%-2%11%-5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%3%1%0%2%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%17%13%13%11%10%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.340.100.130.160.180.20
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.287.559.549.319.1710.72
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.190.781.231.461.612.10
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
19.99123.7792.1618.35137.3143.92
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.040.010.010.050.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.1315.229.647.757.405.57
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
5%0%0%1%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
69%964%775%632%569%508%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$710,537$515,607$529,748$525,994$412,393
Receivables, inventories, prepaids$1,251$35,675$11,178$5,268$17,146
Short-term investments$2,112$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$713,900$551,282$540,926$531,262$429,539
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$4,673,231$4,710,144$4,495,783$4,340,490$4,173,899
Total long-term assets$4,673,231$4,710,144$4,495,783$4,340,490$4,173,899
Total assets$5,387,131$5,261,426$5,036,709$4,871,752$4,603,438
 
Liabilities20202019201820172016
Payables and accrued expenses$5,768$5,920$26,049$3,869$9,779
Other current liabilities$0$62$3,428$0$0
Total current liabilities$5,768$5,982$29,477$3,869$9,779
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$5,768$5,982$29,477$3,869$9,779
 
Net assets20202019201820172016
Unrestricted$0$450,685$416,834$432,778$302,469
Temporarily restricted$0$14,118$14,118$14,118$36,794
Permanently restricted$0$4,790,641$4,576,280$4,420,987$4,254,396
Net assets$5,381,363$5,255,444$5,007,232$4,867,883$4,593,659
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$700,930$612,994$653,791$797,304$487,120
Program service revenue$15,277$96,470$121,304$164,482$189,422
Membership dues$0$0$0$0$0
Investment income$5,019$2,850$630$634$188,280
Other revenue$0$0$0$0$0
Total other revenue$20,296$99,320$121,934$165,116$377,702
Total revenue$721,226$712,314$775,725$962,420$864,822
 
Expenses20202019201820172016
Program services$450,463$553,950$643,657$718,516$763,921
Management and general$93,223$85,047$103,476$92,096$88,370
Fundraising$14,708$39,466$44,536$44,175$51,568
Total expenses$558,394$678,463$791,669$854,787$903,859
 
Change in net assets20202019201820172016
Surplus (deficit)$162,832$33,851($15,944)$107,633($39,037)
Other changes in net assets$0$0$0$0$0
Total change in net assets$162,832$33,851($15,944)$107,633($39,037)

Compensation

NameTitleCompensation
Charles GaldaPresident$91,000

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/17/2020. To update the information below, please email: info@ministrywatch.com


History

New England is a place that needs Jesus. That's why in 1887 believers from seven denominations banded together as the Evangelistic Association of New England, now known as Vision New England.

Their visionary unity in Christ's service sparked an organization which would, in its first century, draw believers from some 80 denominations to unite in outreaches to diverse populations throughout the region.

Today, Vision New England's mission is to network individual Christians and local churches who are committed to evangelizing New England through healthy churches. We strive to be the best resource for equipping Christians in everyday evangelism, developing effective leaders, and growing a network of healthy churches.


Program accomplishments


Needs