Summary Financial Statement

Summary Financial Statement

Summary Financial Statement

Summary Financial Statement

FISCAL YEAR 2016

ASSETS

  • Current Assets $18,424,534
  • Fixed Assets 53,662,028
  • Other Assets 13,924,567
  • Total Assets $86,011,129

LIABILITIES AND NET ASSETS

  • Current Liabilities $4,547,613
  • NonCurrent Liabilities 9,705,095
  • Total Liabilities$14,252,708
  • Net Assets $71,758,421
  • Total Liabilities and Net Assets $86,011,129

REVENUES

  • Contributions$29,512,756
  • Program Revenues12,119,694
  • Other Income 15,482
  • Total Revenues $41,647,941

EXPENSES

  • Global Aviation Ministries$28,088,839
  • Global Technology & Other Ministries$3,971,190
  • Fundraising3,861,4776,048,619
  • General and Administrative4,536,264
  • Total Expenses$42,644,912
  • The 2016 Fiscal Year was challenging from a financial standpoint for MAF. On one of our high impact programs the local government restricted our flying for almost the whole year. However, MAF leadership made the difficult decision to keep critcal personnel and assets on the program so that we could resume flying as soon as the restrictions were lifted. These restrictions were lifted late in the Fiscal Year, and MAF has resumed the flight activities. However, this decision resulted in a reduction in our reserves of almost a million dollars. From a Kingdom viewpoint we believe this was a correct decision.

  • Change in Net Assets<$996,971>
  • Net Assets Beginning of Year$72,755,392
  • Net Assets End of Year$71,758,421

FISCAL YEAR 2015

ASSETS

  • Current Assets $18,994,193
  • Fixed Assets 53,358,859
  • Other Assets 13,923,099
  • Total Assets $86,276,151

LIABILITIES AND NET ASSETS

  • Current Liabilities $3,462,059
  • NonCurrent Liabilities 10,058,700
  • Total Liabilities$13,520,759
  • Net Assets $72,755,392
  • Total Liabilities and Net Assets $86,276,151

REVENUES

  • Contributions$35,932,614
  • Program Revenues12,434,131
  • Other Income 115,841
  • Total Revenues $48,482,586

EXPENSES

  • Global Aviation Ministries$27,401,233
  • Global Technology & Other Ministries$3,899,476
  • Fundraising5,866,728
  • General and Administrative4,505,333
  • Total Expenses$41,672,770
  • In FY2015, revenues exceeded expenses by $6.8 million, as MAF received a cash payment from the Quest Aircraft restructure and invested in new aircraft that will be used in various locations around the world.





  • Change in Net Assets$6,809,816
  • Net Assets Beginning of Year$65,945,576
  • Net Assets End of Year$72,755,392

Mission Aviation Fellowship operates one of the most cost-effective ministries in the mission world, yet one of the most expensive. The tools we use are some of the costliest: airplanes and related infrastructure, satellite technology, computers, and HF/VHF radio networks. Because of this, many assets are represented on the financial statement. When comparing MAF’s asset position to that of other mission organizations, the capital-intensive nature of the aviation services MAF provides must be considered.

MAF receives its income primarily from contributions (71 percent) and fees for services (28 percent). Essentially all revenue for services is generated outside the United States, primarily in Africa and Asia.

Mission Aviation Fellowship is a not-for-profit organization exempt from federal income taxes and under Section 501(c)(3) of the Internal Revenue Code. A complete financial statement and independent auditors’ report is available upon request.

Mission Aviation Fellowship-US is based in Nampa, Idaho, and is part of the global family of MAF organizations that includes MAF International, MAF Canada, and affiliates in Guatemala, Brazil, Suriname, Mexico, and Ecuador. Unless otherwise indicated, in this report “Mission Aviation Fellowship” or “MAF” refers to MAF-US only, as do all numbers.

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