Wingfield Ministries Inc.

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/17/2020. To update the information in this column, please email: info@ministrywatch.com


Summary

Wingfield Ministries 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

Mailing address:
2389 Grace Chapel Road
Harrisonburg, VA 22801-2801

Website: www.stevewingfield.org

Phone: (800) 729-2239

Email: info@wingfieldministries.org


Organization details

EIN: 541437764

CEO/President: Rev. Steve Wingfield

Chairman: Sonny Meyerhoeffer

Board size: 21

Founder: Rev. Steve Wingfield

Year founded: 1987

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1989


Purpose

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


Statement of faith

Wingfield Ministries 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.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating787 of 81742 of 45
Fund acquisition rating589 of 81732 of 45
Resource allocation rating693 of 81735 of 45
Asset utilization rating815 of 81745 of 45

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%10%16%11%5%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%7%15%11%5%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
96%74%94%97%99%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%17%19%17%12%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
4%26%6%3%1%4%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%64%59%68%67%68%
Spending ratio Spending ratio =
Total expenses /
Total revenue
91%42%79%64%38%88%
Program output ratio Program output ratio =
Program services /
Total revenue
78%27%46%43%26%60%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
9%58%21%36%62%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%42%14%40%127%-41%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%18%22%15%21%19%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.300.290.380.510.461.48
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.6443.9543.8834.979.672.54
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.4312.6716.7117.974.493.77
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.510.840.200.240.530.46
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.151.195.044.131.902.15
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.86-0.18-2.90-2.09-2.41-3.66
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
14%5%27%28%42%150%
Debt ratio Debt ratio =
Debt /
Total assets
0%3%13%16%22%65%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
65%328%192%140%126%-33%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$32,721$5,669$11,289$119,799$131,706
Receivables, inventories, prepaids$41,017$49,845$49,295$52,813$78,874
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$73,738$55,514$60,584$172,612$210,580
Long-term investments$0$0$0$0$0
Fixed assets$3,167,227$2,373,785$2,047,546$1,492,371$319,648
Other long-term assets$0$6,616$10,255$4,288$4,601
Total long-term assets$3,167,227$2,380,401$2,057,801$1,496,659$324,249
Total assets$3,240,965$2,435,915$2,118,385$1,669,271$534,829
 
Liabilities20192018201720162015
Payables and accrued expenses$78,883$114,055$135,374$95,382$188,334
Other current liabilities$9,100$165,627$114,600$232,768$264,559
Total current liabilities$87,983$279,682$249,974$328,150$452,893
Debt$88,546$314,656$339,948$365,519$347,041
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$65,003$0$0$0
Total long-term liabilities$88,546$379,659$339,948$365,519$347,041
Total liabilities$176,529$659,341$589,922$693,669$799,934
 
Net assets20192018201720162015
Unrestricted$3,064,436$1,776,574$1,528,463$975,602($265,105)
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$3,064,436$1,776,574$1,528,463$975,602($265,105)
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,641,237$1,104,607$1,639,357$1,990,616$865,222
Program service revenue$17,860$30,299$36,297$44,530$37,646
Membership dues$0$0$0$0$0
Investment income$560,248$34,793$23,382$92$25
Other revenue$5,012$69($3,324)($19,582)($1,562)
Total other revenue$583,120$65,161$56,355$25,040$36,109
Total revenue$2,224,357$1,169,768$1,695,712$2,015,656$901,331
 
Expenses20192018201720162015
Program services$600,062$543,903$735,821$517,186$543,656
Management and general$171,225$208,042$164,704$161,736$152,998
Fundraising$163,229$175,420$188,392$96,027$97,102
Total expenses$934,516$927,365$1,088,917$774,949$793,756
 
Change in net assets20192018201720162015
Surplus (deficit)$1,289,841$242,403$606,795$1,240,707$107,575
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,289,841$242,403$606,795$1,240,707$107,575

Compensation

NameTitleCompensation
Stephen R WingfieldPresident$143,048

Compensation data as of: 6/30/2019


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 4/17/2020. To update the information below, please email: info@ministrywatch.com


History

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.


Program accomplishments


Needs