World-Wide Missions

Summary

World-Wide Missions, Inc. ("WWM") is a non-denominational California corporation founded in 1957 by Dr. Basil Miller. WWM has stated that it seeks to minister to the whole person by providing spiritual, educational, and medical help through churches, schools, clinics, and individual ministries.

WWM has not provided any financial information to MinistryWatch.com since 2004. And it appears that the organization may have changed its status about that time as it no longer files an IRS form 990. WWM was at one point a long time standing member of the Evangelical Council for Financial Accountability (ECFA); however, as of 9/25/2007 the ECFA indicates that WWM... "Voluntary resignation in response to the field review where violations of Standards 2, 3, 4, and 7.8 were discovered."

Violations of the ECFA

  • Standard 7.8 - Tax-deductible Gifts for a Named Recipient's Personal Benefit
    "Tax-deductible gifts may not be used to pass money or benefits to any named individual for personal use."
  • Standard 4 - Use of Resources
  • Standard 3 - Financial Statements
  • Standard 2 - Board of Directors and Financial Oversight

Contact information

Mailing address:
PO Box 2300
Redlands, CA 92373-0761

Website: www.world-widemissions.org

Phone: (909) 793-2009

Email: info@world-widemissions.org


Organization details

EIN: 952109095

CEO/President: Mr. Fred Johnson

Chairman: Mr. Milton Sonnevik

Board size:

Founder: Dr. Basil Miller

Year founded: 1957

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

World-Wide Missions, Inc. ("WWM") is a non-denominational California corporation founded in 1957 by Dr. Basil Miller. WWM has stated that it seeks to minister to the whole person by providing spiritual, educational, and medical help through churches, schools, clinics, and individual ministries. WWM has stated that it carries out its ministries by supporting missionaries, national workers, churches, schools, and clinics, including affiliated organizations in foreign countries; and that its activities include the Seniors Care Fund, Aids Care Fund, He Intends Victory, Children's Food and Care Fund, and Feeding Hungry Children International.

WWM has not provided any financial information to MinistryWatch.com since 2004. And it appears that the organization may have changed its status about that time as it no longer files an IRS form 990.

WWM was at one point a long time standing member of the Evangelical Council for Financial Accountability (ECFA); however, as of 9/25/2007 the ECFA indicates that WWM... "Voluntary resignation in response to the field review where violations of Standards 2, 3, 4, and 7.8 were discovered."

Violations of the ECFA

  • Standard 7.8 - Tax-deductible Gifts for a Named Recipient's Personal Benefit
    "Tax-deductible gifts may not be used to pass money or benefits to any named individual for personal use."
  • Standard 4 - Use of Resources
    "Every member shall exercise the management and financial controls necessary to provide reasonable assurance that all resources are used (nationally and internationally) in conformity with applicable federal and state laws and regulations to accomplish the exempt purposes for which they are intended."
  • Standard 3 - Financial Statements
    "Each member is required to submit complete and accurate financial statements. Accredited members must submit an annual audit performed by an independent certified public accounting firm in accordance with U.S. generally accepted auditing standards (GAAS) with its financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). ECFA policies allow for an alternate category of membership that does not require audited financial statements, in which case the member must submit financial statements (with disclosures) prepared in conformity with either U.S. GAAP or the modified cash basis of accounting in which financial statements are either compiled or reviewed by an independent certified public accounting firm."
  • Standard 2 - Board of Directors and Financial Oversight
    "Every member shall be governed by a responsible board of not less than five individuals, a majority of whom shall be independent, which shall meet at least semiannually to establish policy and review its accomplishments. The board of a committee consisting of a majority of independent members shall review the annual financial statements and maintain direct communication between the board and the independent certified public accountants."

Mission statement


Statement of faith

World-Wide Missions uses the following to express its faith:

We believe the fundamental doctrines of evangelical Christianity.
We believe the Bible to be the infallible Word of God.
We believe in the triune God, the Father, the Son and the Holy Spirit.
We believe in the atonement for our sins through the blood of Jesus Christ.
We believe that man, born in sin, must be born again, spoken of as "the new birth." This experience is received through repentance and faith in Jesus Christ.
We believe in the Holy Spirit coming to the believer to cleanse and empower.
We believe in the Great Commission.
We believe in the Second Coming of our Lord Jesus Christ, as promised by the angels when He ascended into heaven.
We believe in water baptism.
We believe in divine healing as expressed in James.
We believe in the resurrection of the dead and life everlasting.
We believe in eternal rewards and punishment.

Financial efficiency ratings

Sector: Foreign Missions

This ministry has not been rated.


Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20122004200320022001
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%2%1%1%1%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%2%1%1%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%99%98%99%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%1%1%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%1%2%1%0%1%
 
Operating ratiosMedian % for
all ministries in
MW database
20122004200320022001
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%95%95%97%96%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%100%89%88%92%93%
Program output ratio Program output ratio =
Program services /
Total revenue
81%96%84%85%88%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%0%11%12%8%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-1%24%39%36%41%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%3%3%2%3%4%
 
Investing ratiosMedian measure
for all ministries
in MW database
20122004200320022001
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.323.251.862.914.145.00
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.001.011.021.071.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.533.251.882.974.445.01
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20122004200320022001
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.09217.7595.4241.4618.2296.96
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.000.010.020.050.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.073.686.313.952.552.37
 
Solvency ratiosMedian % for
all ministries in
MW database
20122004200320022001
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%1%2%5%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%31%53%34%23%20%

Financials

Balance sheet
 
Assets20122004200320022001
Cash$267,300$193,605$518,813$165,404$696,987
Receivables, inventories, prepaids$67,720$185,766$34,684$58,546$81,765
Short-term investments$1,617,121$2,384,104$1,544,084$1,025,355$41,730
Other current assets$0$0$0$0$0
Total current assets$1,952,141$2,763,475$2,097,581$1,249,305$820,482
Long-term investments$0$0$0$0$0
Fixed assets$0$33,639$45,746$92,031$1,659
Other long-term assets$0$0$0$0$0
Total long-term assets$0$33,639$45,746$92,031$1,659
Total assets$1,952,141$2,797,114$2,143,327$1,341,336$822,141
 
Liabilities20122004200320022001
Payables and accrued expenses$8,965$5,370$20,805$5,773$8,462
Other current liabilities$0$23,590$29,786$62,779$0
Total current liabilities$8,965$28,960$50,591$68,552$8,462
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$8,965$28,960$50,591$68,552$8,462
 
Net assets20122004200320022001
Unrestricted$1,943,176$2,768,154$2,092,736$1,272,784$813,679
Temporarily restricted$0$0$0$0$0
Permanently restricted$0$0$0$0$0
Net assets$1,943,176$2,768,154$2,092,736$1,272,784$813,679
 
Revenues and expenses
 
Revenue20122004200320022001
Total contributions$6,286,235$5,731,063$6,979,820$5,984,150$4,411,283
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$34,456$142,753$66,717$26,675$28,772
Other revenue$0$0$0$0$0
Total other revenue$34,456$142,753$66,717$26,675$28,772
Total revenue$6,320,691$5,873,816$7,046,537$6,010,825$4,440,055
 
Expenses20122004200320022001
Program services$6,043,966$4,947,473$6,010,036$5,315,713$3,837,490
Management and general$182,719$165,985$137,858$160,216$176,786
Fundraising$116,088$84,940$78,691$75,791$95,462
Total expenses$6,342,773$5,198,398$6,226,585$5,551,720$4,109,738
 
Change in net assets20122004200320022001
Surplus (deficit)($22,082)$675,418$819,952$459,105$330,317
Other changes in net assets$0$0$0$0$0
Total change in net assets($22,082)$675,418$819,952$459,105$330,317

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs