World Evangelistic Enterprise Corporation
Summary
World Evangelistic Enterprise Corporation ("WEEC") was incorporated in March 1961 with the purpose, "to own, maintain and operate such non-denominational Christian ministries as deemed advisable in order to propagate the Gospel wherever possible." The primary activity of WEEC is the operation of a non-commercial educational Christian radio station, with the goal of "endeavoring to glorify God through the medium of radio." This means that WEEC "presents Christ in a non-argumentative, positive manner, depending on the Holy Spirit to convince men of their need and error, offering Christ for Salvation, and obedience to Him for blessing." An annual SHARATHON is held each January, to raise Faith Promises for the next year's operation. WEEC beams its Christian programs and public service announcements to people within a general radius of 75 miles of Springfield, OH. As part of its world outreach, the ministry provides partial monthly support for two missionary families doing radio work on the foreign field of Roatan, Honduras. 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).
Contact information
Mailing address:
2265 Troy Rd.
Springfield, OH 45504-4232
Website: www.weec.org
Phone: (937) 399-7837
Email: info@weec.org
Organization details
EIN: 310646355
CEO/President: Mr. Tracy Figley
Chairman: Duane Helman
Board size: 6
Founder: Paul Pontis, Dwight Coffelt, Glen Greenwood
Year founded: 1961
Tax deductible: Yes
Fiscal year end: 03/31
Member of ECFA: Yes
Member of ECFA since: 1984
Purpose
World Evangelistic Enterprise Corporation ("WEEC") was incorporated in March 1961 with the purpose, "to own, maintain and operate such non-denominational Christian ministries as deemed advisable in order to propagate the Gospel wherever possible." The primary activity of WEEC is the operation of a non-commercial educational Christian radio station, with the goal of "endeavoring to glorify God through the medium of radio." This means that WEEC "presents Christ in a non-argumentative, positive manner, depending on the Holy Spirit to convince men of their need and error, offering Christ for Salvation, and obedience to Him for blessing." The station is wholly supported by free-will offerings, and is licensed by the FCC as a non-commercial educational station. An annual SHARATHON is held each year to raise Faith Promises for the next year's operation. WEEC beams its Christian programs and public service announcements to people within a general radius of 75 miles of Springfield, OH. As part of its world outreach, the ministry provides partial monthly support for two missionary families doing radio work on the foreign field of Roatan, Honduras.
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
WEEC expresses its mission statement as follows:
To glorify God by using communications technology, with excellence and integrity, to lead the lost to Jesus Christ and the Christian into a closer walk with Him.
Statement of faith
WEEC uses the following to express its statement of faith:
We believe:
The Scriptures of the Old and New Testaments are verbally inspired of God, and inerrant in the original writings, and that they are of supreme and final authority in faith and practice. (II Timothy 3:16, II Peter 1:21)
In one God, eternally existing in three persons, the Father, the Son, and the Holy Spirit. (I John 5:7, II Corinthians 13:14)
That the Lord Jesus Christ, the eternal Son of God, became man, without ceasing to be God, having been conceived by the Holy Spirit and born of the Virgin Mary, in order that He might reveal God and redeem sinful man. (Luke 1:35, John 1:14)
That man was created in the image of God, that he sinned, and thereby incurred not only physical death, but also spiritual death which is separation from God; that all human beings are born with a sinful nature, and in case of those who reach moral responsibility, become sinners in thought, word and deed. (Genesis 1:27, Romans 5:12)
That the Lord Jesus Christ died for our sins according to the Scriptures, and that all who believe in Him are justified on the ground of His shed blood. (I Corinthians 15:3, II Corinthians 5:21)
In the bodily resurrection of our Lord, in His ascension into Heaven and in His present life there for us as High Priest and Advocate. (I Corinthians 15:14, Hebrews 7:25)
In the "Blessed Hope" the personal, premillennial, pretribulation and imminent return of our Lord and Savior, Jesus Christ. (Titus 2:13, I Thessalonians 4:16-17, Acts 1:11)
Salvation is a free gift from God, and that all who receive by faith the Lord Jesus Christ are born again of the Holy Spirit, thereby becoming children of God and as children of God we have direct access to God through Jesus Christ, our Great High Priest. (Ephesians 2:8-9, I John 5:1, John 1:12, Hebrews 4:14, Ephesians 2:18)
In the bodily resurrection of the just and the unjust; in the everlasting blessedness of the saved, and the everlasting conscious punishment of the lost. (John 5:28-29, Revelation 20:11-14)
In witnessing to the saving and keeping power of the Lord Jesus Christ, and in the power of a Spirit filled life. (Psalms 107:2, Ephesians 5:18-20)
That all who are truly born again are kept eternally by God the Father for Jesus Christ (Philippians 1:6, John 10:28-29, Romans 8:35-39)
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Radio/ TV Stations
This ministry has not been rated.
Financial ratios
| Funding ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 0% | 0% | 0% | 5% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 0% | 0% | 0% | 5% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 0% | 0% | 0% | 92% | 93% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 0% | 0% | 0% | 5% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 100% | 0% | 100% | 8% | 7% |
| Operating ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 0% | 100% | 93% | 75% | 71% |
Spending ratio Spending ratio = Total expenses / Total revenue | 100% | 0% | 0% | 1335% | 95% | 84% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 0% | 0% | 1235% | 71% | 60% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 0% | 100% | 0% | -1235% | 5% | 16% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 0% | 38% | -11% | 7% | 21% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 15% | 0% | 0% | 7% | 20% | 24% |
| Investing ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.47 | 0.00 | -20004.00 | 0.10 | 1.09 | 0.95 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.07 | 0.00 | 1.00 | -419094.00 | 138.97 | 11.48 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.15 | 0.00 | -20004.00 | -43640.00 | 151.50 | 10.87 |
| Liquidity ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Current ratio Current ratio = Total current assets / Total current liabilities | 21.45 | 0.00 | 0.00 | 0.00 | 0.63 | 2.55 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.00 | 0.00 | 0.00 | 1.58 | 0.39 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 9.35 | 0.00 | 0.00 | 0.00 | -0.05 | 0.67 |
| Solvency ratios | Sector median | 2018 | 2017 | 2016 | 2015 | 2014 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 3% | 0% | -5312400% | 13% | 10% | 14% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 206% | 0% | -266% | 839% | 83% | 90% |
Financials
| Balance sheet | |||||
| Assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Cash | $0 | ($1) | ($1) | $0 | $46,413 |
| Receivables, inventories, prepaids | $0 | $0 | $0 | $4,549 | $11,090 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $0 | ($1) | ($1) | $4,549 | $57,503 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $0 | $0 | $419,095 | $617,619 | $592,432 |
| Other long-term assets | $0 | $0 | $0 | $10,000 | $10,324 |
| Total long-term assets | $0 | $0 | $419,095 | $627,619 | $602,756 |
| Total assets | $0 | ($1) | $419,094 | $632,168 | $660,259 |
| Liabilities | 2018 | 2017 | 2016 | 2015 | 2014 |
| Payables and accrued expenses | $0 | $0 | $0 | $7,194 | $22,533 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $7,194 | $22,533 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $53,124 | $53,124 | $53,124 | $72,547 |
| Total long-term liabilities | $0 | $53,124 | $53,124 | $53,124 | $72,547 |
| Total liabilities | $0 | $53,124 | $53,124 | $60,318 | $95,080 |
| Net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Unrestricted | $0 | ($53,125) | $365,970 | $571,850 | $565,179 |
| Temporarily restricted | $0 | $0 | $0 | $0 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $0 | ($53,125) | $365,970 | $571,850 | $565,179 |
| Revenues and expenses | |||||
| Revenue | 2018 | 2017 | 2016 | 2015 | 2014 |
| Total contributions | $0 | $0 | $0 | $673,578 | $688,530 |
| Program service revenue | $0 | $0 | $0 | $44,966 | $42,404 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $1 | $2,744 |
| Other revenue | $34,788 | $0 | $3,269 | $10,206 | $8,524 |
| Total other revenue | $34,788 | $0 | $3,269 | $55,173 | $53,672 |
| Total revenue | $34,788 | $0 | $3,269 | $728,751 | $742,202 |
| Expenses | 2018 | 2017 | 2016 | 2015 | 2014 |
| Program services | $0 | $20,004 | $40,371 | $519,877 | $443,480 |
| Management and general | $0 | $0 | $3,269 | $134,945 | $149,619 |
| Fundraising | $0 | $0 | $0 | $34,367 | $31,885 |
| Total expenses | $0 | $20,004 | $43,640 | $689,189 | $624,984 |
| Change in net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Surplus (deficit) | $34,788 | ($20,004) | ($40,371) | $39,562 | $117,218 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $34,788 | ($20,004) | ($40,371) | $39,562 | $117,218 |
Compensation
| Name | Title | Compensation |
| Tracy Figley | President | $96,424 |
Compensation data as of: 12/31/2018
Response from ministry
No response has been provided by this ministry.
History
World Evangelistic Enterprise Corporation (WEEC) was incorporated in March 1961. The first project was Radio Station WEEC. Initially it was a commercial station, however in December 1962 all commercial announcements and secular music were eliminated. Since that time, 80% of its programming has been Christian, and 20% Public Service and News. In June 1994, WEEC dedicated a new 6,400 sq. ft broadcast center, its first building designed as a radio station.
Program accomplishments
WEEC's programs and accomplishments include some of the following:
On-Air Ministry:
WEEC operates a full-time commercial free Christian Broadcast Station. They are located at 100.7 on the FM dial and can be heard in most areas within a 75 mile radius of Springfield, Ohio. They broadcast from a 479 foot tower with an effective radiated power of 50,000 watts. Their on-air signal can also be heard world wide from their web site on the internet. WEEC strives to air close to a 50/50 mix of Bible teaching programs and information with inspirational Christian music. During the period of April 1, 2003 to March 31, 2004 WEEC aired 61,488 hours of family friendly programming.
Free Services:
WEEC offers free financial counseling. Keith Britton, Director of Outreach Ministries counsels listeners one on one in person or in one of WEEC's free financial seminars. The topics range from simple budgets for the family to wills, trusts and more complicated estate planning. There is no charge for these individual counseling sessions or for the seminars and though some folks remember this ministry in their future planning, there is absolutely no obligation to do so.
WEEC also has a prayer ministry. When people call or write to them with a prayer need, they will pray for them in their staff devotional time each morning, or on their mid-day prayer program on-air called Prayer Circle, or on the phone. They receive an average of four to five prayer requests from listeners every day. In January WEEC invited listeners to join their prayer team. These folks will be sent ministry prayer updates regularly and can contact the Discipleship Coordinator, Andy Scott for prayer needs. At the end of March 2004 they had 177 prayer team members.
Outreach Ministries:
May 1st was the National Day of Prayer. WEEC staff participated in the local prayer breakfast and luncheon. They also aired the three hour nationally broadcast Concert of Prayer that evening.
In late May WEEC helped the foundation assisting innercity ministries in Springfield by promoting the huge Gospel concert at the Kuss Auditorium. Guests included Gold City and The Crabb Family.
In June of 2003 WEEC was the media sponsor for Steve Green, in concert as part of the summer arts festival.
In late July 2003, WEEC set up a booth at the Clark County Fair. They distributed 2,500 large shopping bags containing program schedules and Gospel tracts. They also talked with many fair goers and had opportunity to pray with some who were facing various struggles. WEEC also set up a similar booth at the Champaign County Fair in early August.
August of 2003 was Mail Month. Each August WEEC encourages all of their listeners to write and return their listener surveys. They received over 2,000 letters and emails from their listeners during the month of August.
In early October WEEC held its first ever Marriage Retreat with Terry and Barbi Franklin from Nashville, Tennessee. Their were 17 couples in attendance for the Friday evening/Saturday morning seminar with an overnight stay in the Springfield Inn. Marriages were strengthened and decisions were made for Christ.
WEEC continues to have an outreach ministry to the Hispanic community in their area through the program Responde with Luis Palau This is a 5-minute daily program of Bible reading in the Spanish language. Several churches in our area have Spanish services. They are also working with a Hispanic evangelist in a local innercity ministry that reaches out to the many Spanish speaking people in the area.
WEEC provides partial support to 3 missionary families. Ken and Karen Anderson are serving with Missionary Radio HRGS from their headquarters in Tampa Florida. Kerry and Raquel Anderson is serving with ComEv, Evangelical Communications in Sao Paulo Brazil, and Gabe and Marla Taviano are serving with Scioto Hills Camp in Wheelersburg, Ohio. Gabe also designs the WEEC website.
WEEC continues to minister over the internet at www.weec.org. They have may people visiting the site on a regular basis. The site is designed to offer some of the things they can't offer on the air. At their site, the surfer can contact WEEC, they can see what their facilities and staff look like, they can make a credit card contribution, or check out the Good News verse of the week. They can also have thier daily devotions ofn the site, take a trip down the Road of Heaven (an interactive salvation page in flash animation) or they can test their Bible knowledge with Back to the Bible's weekly quiz, the Bible Challenge. WEEC can also be listened to from anywhere in the world via real audio streaming on the website.
WEEC publishes a quarterly newsletter called The WEEC Insider. Each issue contains an article from the General Manager, an article from one of their female staff members, a counselor's article giving Biblical answers to listener questions, an outreach article, something for children and a listener testimony. Other smaller features are also included. The purpose of The WEEC Insider is to give our listeners the inside scoop on our ministry, inform them on the things we are involved in, and minister to the needs of the whole family.
This year WEEC added another outreach ministry. With the addition of a Discipleship Coordinator, they've added free Bible Correspondence courses. There Solid Rock Bible Studies are provided by Source of Light ministries with WEEC as an associate correspondence school. Studies are available for students from age 4 to 100. As of the end of March, they had 225 active Bible students in the program.
Needs
WEEC expresses its needs as follows:
Since WEEC is totally non-commercial, we need contributions on a regular basis to continue broadcasting the Good News of Jesus Christ. Our current budget is around $675,000 for the year. This translates to $1,750 per day or $875 per half day. Occasionally we will have other non-budget needs.