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
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 644 of 913 | 31 of 51 |
| Fund acquisition rating | | 179 of 915 | 12 of 51 |
| Resource allocation rating | | 590 of 915 | 33 of 51 |
| Asset utilization rating | | 896 of 913 | 49 of 51 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 | 4% | 2% | 6% | 6% | 5% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 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 | 2% | 3% | 14% | 16% | 17% | 44% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 81% | 82% | 81% | 84% | 85% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 77% | 95% | 102% | 89% | 105% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 62% | 78% | 83% | 75% | 88% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 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 ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.21 | 0.10 | 0.13 | 0.16 | 0.18 | 0.20 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.28 | 7.55 | 9.54 | 9.31 | 9.17 | 10.72 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.98 | 0.78 | 1.23 | 1.46 | 1.61 | 2.10 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 19.99 | 123.77 | 92.16 | 18.35 | 137.31 | 43.92 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.04 | 0.01 | 0.01 | 0.05 | 0.01 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.68 | 15.22 | 9.64 | 7.75 | 7.40 | 5.57 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
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 | 78% | 964% | 775% | 632% | 569% | 508% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $488,497 | $450,685 | $416,834 | $432,778 | $302,469 |
| With donor restrictions | $4,892,866 | $4,804,759 | $4,590,398 | $4,435,105 | $4,291,190 |
| Net assets | $5,381,363 | $5,255,444 | $5,007,232 | $4,867,883 | $4,593,659 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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 assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| 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
| Name | Title | Compensation |
| Charles Galda | President | $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.