Steve Wingfield Evangelistic Association

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

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

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.

Financial efficiency ratings

Sector: Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating415 of 43033 of 34
Fund acquisition rating340 of 43030 of 34
Resource allocation rating362 of 43029 of 34
Asset utilization rating427 of 43034 of 34

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%11%5%11%12%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%5%11%11%16%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%97%99%96%95%91%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%12%12%11%15%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%3%1%4%5%9%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%68%67%68%69%61%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%64%38%88%104%109%
Program output ratio Program output ratio =
Program services /
Total revenue
81%43%26%60%72%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%36%62%12%-4%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%40%127%-40%8%16%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%15%21%19%20%24%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.320.510.461.502.101.82
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.5334.979.672.522.582.38
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.5317.974.493.775.414.33
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.090.240.530.460.290.32
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.104.131.902.153.483.11
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.07-2.09-2.41-3.66-5.51-5.86
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%28%42%151%200%200%
Debt ratio Debt ratio =
Debt /
Total assets
0%16%22%65%65%69%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%140%126%-34%-48%-55%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$11,289$119,799$131,706$40,500$59,022
Receivables, inventories, prepaids$49,295$52,813$78,874$104,000$95,073
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$60,584$172,612$210,580$144,500$154,095
Long-term investments$0$0$0$0$0
Fixed assets$2,047,546$1,492,371$319,648$228,334$212,945
Other long-term assets$10,255$4,288$0$0$0
Total long-term assets$2,057,801$1,496,659$319,648$228,334$212,945
Total assets$2,118,385$1,669,271$530,228$372,834$367,040
 
Liabilities20172016201520142013
Payables and accrued expenses$135,374$95,382$188,334$217,231$256,534
Other current liabilities$114,600$232,768$264,559$286,182$223,418
Total current liabilities$249,974$328,150$452,893$503,413$479,952
Debt$339,948$365,519$347,041$242,101$253,003
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$339,948$365,519$347,041$242,101$253,003
Total liabilities$589,922$693,669$799,934$745,514$732,955
 
Net assets20172016201520142013
Unrestricted$1,528,463$975,602($265,105)($372,680)($365,915)
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$1,528,463$975,602($269,706)($372,680)($365,915)
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$1,639,357$1,990,616$865,222$713,392$558,634
Program service revenue$36,297$44,530$37,646$34,383$35,498
Membership dues$0$0$0$0$0
Investment income$23,382$92$25$17$6,375
Other revenue($3,324)($19,582)($1,562)$2,066$10,137
Total other revenue$56,355$25,040$36,109$36,466$52,010
Total revenue$1,695,712$2,015,656$901,331$749,858$610,644
 
Expenses20172016201520142013
Program services$735,821$517,186$543,656$539,708$406,138
Management and general$164,704$161,736$152,998$156,161$162,132
Fundraising$188,392$96,027$97,102$85,436$99,277
Total expenses$1,088,917$774,949$793,756$781,305$667,547
 
Change in net assets20172016201520142013
Surplus (deficit)$606,795$1,240,707$107,575($31,447)($56,903)
Other changes in net assets$0$0$0$0$0
Total change in net assets$606,795$1,240,707$107,575($31,447)($56,903)

Response from ministry

No response has been provided by this ministry.


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