The staff of Wheat Ridge Ministries works extremely hard to be good stewards of the resources received to pursue the mission of Wheat Ridge. Policies and procedures are in place that guide financial decisions and help ensure efficient and accurate accounting for funds received and expended. Likewise, Wheat Ridge prides itself on the promptness with which it provides acknowledgement and receipts to those who provide donations. An annual audit, conducted by a respected external auditing firm, ensures that all financial and operational processes are held to high standards.

The following information may be helpful in understanding the sources of income and how these funds are invested in the operation of Wheat Ridge Ministries.

What are Wheat Ridge Ministries’ sources of income?

Wheat Ridge Ministries receives income from several sources. A significant portion of its income comes from earnings it receives on invested funds. These funds are largely the result of the resources Wheat Ridge received from the sale of the Wheat Ridge Tuberculosis Sanatorium many years ago, and also include a growing amount of gifts for endowment.

In addition to earnings from investments, Wheat Ridge receives donations from individuals, congregations, schools, organizations, family foundations and businesses. These range from gifts as small as one dollar to major gifts in the thousands of dollars. In addition to direct contributions, Wheat Ridge also receives various planned gifts from estates and trusts. A third, much more modest source of revenue, comes from the sale of resources, such as health and hope booklets and videos.

Support and revenue for fiscal year 2007 was $2,811,955, excluding investment gains. The percentages of these various forms of income for FY 2007 appear below:

What expenses are involved in operating Wheat Ridge Ministries?

Expenses for fiscal year 2007 were $3,401,414. The percentages of the various categories appear below:

What are the net assets of Wheat Ridge Ministries?

Net assets (assets minus liabilities) on June 30, 2007 were $13,654,246.

How Can I Obtain More Financial Information About Wheat Ridge Ministries?

The Wheat Ridge staff is happy to respond to questions regarding all aspects of our ministry efforts.  We can be contacted at 800.762.8188 or by email at wrmail@wheatridge.org.

In addition, a copy of Form 990, which Wheat Ridge Ministries files annually with the Internal Revenue Service, is available on-line from GuideStar (www.guidestar.org).

If you wish to view a copy of our audit report in PDF format, please click here.

From the Evangelical Council for Financial Accountability:

One of the most confusing issues facing the nonprofit community is the calculation of fund-raising costs; an issue that everyone acknowledges is important.  Varying interpretations have resulted in differences in reported percentages.  However, there are practical reasons why fund-raising and/or G&A expenses would be different for very legitimate reasons.  For more information, click here.