Gull Lake Ministries 
The information on this page was last updated 7/6/2026. If you see errors or omissions, please email: [email protected]
Summary
We offer an all-inclusive experience for the family marked by innovative, Christian programming, luxury accommodations, unlimited land and water sports, and gourmet, chef-prepared meals for every appetite.
Contact information
Mailing address:
Gull Lake Ministries
1800 Burlington Drive
Hickory Corners, MI 49060
Website: gulllake.org
Phone: (269) 671-5155
Email: [email protected]
Organization details
EIN: 386005498
CEO/President: Daniel Wallace
Chairman: Jim Gordon
Board size: 10
Founder:
Ruling year: 1946
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Our vision is to impact lives for Christ by providing individuals, families and organizations with the highest standard of Christian programming, Christlike hospitality, and excellent conference facilities.
Mission statement
Gull Lake Ministries exists to exalt Jesus Christ, proclaim the Word of God, encourage personal commitment to Christ, share God's work around the world, and provide opportunity for physical refreshment and spiritual renewal.
Statement of faith
We believe the Scriptures to be verbally inspired of God, inerrant in the original writings:
In one God, in three persons, Father, Son, Holy Spirit.
Jesus Christ, begotten by the Holy Spirit, born of the virgin Mary.
Man has sinned and is thus separated from God.
The Lord Jesus Christ died for our sins, and all who believe in Him are justified.
Christ arose from the dead, ascended into heaven and is our High Priest and Advocate there.
In the personal and imminent return of Jesus Christ.
All who receive the Lord Jesus Christ by faith are born again of the Holy Spirit.
In the bodily resurrection of the just to eternal life and the unjust to everlasting punishment.
Donor confidence score
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Transparency grade
D
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Financial efficiency ratings
Sector: Camps/Conference Centers
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 1049 of 1412 | 28 of 37 |
| Fund acquisition rating | | 361 of 1412 | 10 of 37 |
| Resource allocation rating | | 1293 of 1412 | 35 of 37 |
| Asset utilization rating | | 1046 of 1413 | 26 of 37 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 5% | 8% | 5% | 9% | 13% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 3% | 2% | 3% | 3% | 4% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 30% | 35% | 33% | 49% | 51% | 47% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 3% | 3% | 4% | 4% | 6% | 7% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 70% | 65% | 67% | 51% | 49% | 53% |
| Operating ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 81% | 64% | 63% | 65% | 65% | 64% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 68% | 79% | 65% | 79% | 83% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 44% | 50% | 42% | 51% | 53% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 32% | 21% | 35% | 21% | 17% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 7% | 4% | 6% | 3% | 3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 15% | 33% | 33% | 31% | 29% | 28% |
| Investing ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.38 | 0.14 | 0.14 | 0.11 | 0.11 | 0.12 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.70 | 2.82 | 3.03 | 3.31 | 3.90 | 4.20 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.56 | 0.38 | 0.41 | 0.38 | 0.43 | 0.51 |
| Liquidity ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 5.45 | 82.95 | 60.14 | 80.58 | 214.23 | 85.88 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.18 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.37 | 30.97 | 28.61 | 31.32 | 27.72 | 23.23 |
| Solvency ratios | Sector median | 2024 | 2023 | 2022 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 3% | 3% | 3% | 3% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 256% | 713% | 710% | 846% | 875% | 805% |
Financials
| Balance sheet | |||||
| Assets | 2024 | 2023 | 2022 | 2020 | 2019 |
| Cash | $3,806,674 | $4,748,656 | $3,754,458 | $2,492,880 | $1,631,738 |
| Receivables, inventories, prepaids | $205,060 | $171,770 | $104,224 | $54,098 | $89,228 |
| Short-term investments | $7,658,216 | $5,171,914 | $4,835,338 | $4,182,551 | $4,282,702 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $11,669,950 | $10,092,340 | $8,694,020 | $6,729,529 | $6,003,668 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $21,078,304 | $20,418,482 | $19,984,898 | $19,443,066 | $19,176,074 |
| Other long-term assets | $136,577 | $65,000 | $65,000 | $65,000 | $65,000 |
| Total long-term assets | $21,214,881 | $20,483,482 | $20,049,898 | $19,508,066 | $19,241,074 |
| Total assets | $32,884,831 | $30,575,822 | $28,743,918 | $26,237,595 | $25,244,742 |
| Liabilities | 2024 | 2023 | 2022 | 2020 | 2019 |
| Payables and accrued expenses | $140,686 | $167,801 | $107,897 | $31,413 | $69,905 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $140,686 | $167,801 | $107,897 | $31,413 | $69,905 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $884,584 | $850,767 | $794,469 | $838,400 | $514,883 |
| Total long-term liabilities | $884,584 | $850,767 | $794,469 | $838,400 | $514,883 |
| Total liabilities | $1,025,270 | $1,018,568 | $902,366 | $869,813 | $584,788 |
| Net assets | 2024 | 2023 | 2022 | 2020 | 2019 |
| Without donor restrictions | $0 | $0 | $0 | $0 | $0 |
| With donor restrictions | $0 | $0 | $0 | $0 | $0 |
| Net assets | $31,859,561 | $29,557,254 | $27,841,552 | $25,367,782 | $24,659,954 |
| Revenues and expenses | |||||
| Revenue | 2024 | 2023 | 2022 | 2020 | 2019 |
| Total contributions | $2,328,785 | $1,726,882 | $2,465,936 | $1,860,049 | $1,731,195 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $634,035 | $179,726 | $6,402 | $487,786 | $378,703 |
| Other revenue | $3,640,960 | $3,338,978 | $2,591,221 | $1,317,522 | $1,603,899 |
| Total other revenue | $4,274,995 | $3,518,704 | $2,597,623 | $1,805,308 | $1,982,602 |
| Total revenue | $6,603,780 | $5,245,586 | $5,063,559 | $3,665,357 | $3,713,797 |
| Expenses | 2024 | 2023 | 2022 | 2020 | 2019 |
| Program services | $2,877,761 | $2,629,520 | $2,145,534 | $1,886,423 | $1,974,786 |
| Management and general | $1,472,462 | $1,387,558 | $1,011,461 | $851,293 | $866,853 |
| Fundraising | $117,550 | $145,964 | $133,084 | $161,548 | $223,132 |
| Total expenses | $4,467,773 | $4,163,042 | $3,290,079 | $2,899,264 | $3,064,771 |
| Change in net assets | 2024 | 2023 | 2022 | 2020 | 2019 |
| Surplus (deficit) | $2,136,007 | $1,082,544 | $1,773,480 | $766,093 | $649,026 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,136,007 | $1,082,544 | $1,773,480 | $766,093 | $649,026 |
Compensation
| Name | Title | Compensation |
| Daniel Wallace | President | $236,164 |
Compensation data as of: 12/31/2024
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 7/6/2026. To update the information below, please email: [email protected]
History
Established in 1920, Gull Lake Ministries possesses a history rich in ministry and relational renewal.