SonSet Solutions 
The information on this page was last updated 5/31/2024. If you see errors or omissions, please email: [email protected]
Summary
Technology for Abundant Life!
Providing tailored solutions for ministries around the globe.
Contact information
Mailing address:
SonSet Solutions
2830 17th St
Elkhart, IN 46517-4008
Website: sonsetsolutions.org
Phone: 574.970.4252
Email: [email protected]
Organization details
EIN: 464043025
CEO/President: David Russell
Chairman: Gary Habegger
Board size: 8
Founder:
Ruling year: 2014
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
The vision of SonSet Solutions is that the name of Jesus would be made known among the nations, and people everywhere would become his fruitful disciples.
Mission statement
Passion for Ministry
Our mission is to provide technology-based solutions to advance the Gospel worldwide.
Statement of faith
No grouping of words can fully express all that might be said as to our convictions and doctrinal position. However, as a general and comprehensive combination of the principal factors for which SonSet Solutions stands, our official Statement of Faith is as follows:
The Bible
We believe the Bible, in its entirety, is the infallible, inerrant, and inspired Word of God. We believe it is without error as originally written and is relevant in every area of life today. We believe that it is the sole written revelation that rules the faith and practice for all Christians and alone can require what God has commanded or forbidden. (Matt. 5:18; John 16:12-13; 2 Timothy 3:16-17; 1 Peter 1:21, 23, 25; 2 Peter 1:19-21; Rev. 22:18-19)
God
We believe there is one God who is infinite, eternal, and unchangeable in His being. We believe this one God exists eternally in three distinct yet fully divine persons, the Father, the Son, and the Holy Spirit. (Deut. 6:4; John 1:1, 14; Acts 5:3-4; 1 Cor. 8:6; Eph. 1:3; Col. 1:15-17; Heb. 12:9)
Jesus Christ
We believe Jesus Christ is truly God and truly man, having two natures inseparably united in one divine person without confusion, mixture, separation, or division. We believe that Jesus Christ entered human form by the miracle of the virgin birth, that He lived a sinless life, was crucified, and died for our sins, was buried, rose on the third day for our justification, ascended to heaven, and now sits at the right hand of God as our Advocate. (Matt. 1:18-25; John 3:16; 1 Cor. 15:3-7; 1 Tim. 2:5; Heb. 1:3; 1 John 2:1; Rev. 1:7, 3:10, 19:11-16, 20:6).
The Holy Spirit
We believe that the Holy Spirit is God. His ministry is to glorify the Lord Jesus Christ and convict the world of sin, righteousness, and judgment. We believe that He brings about the new birth, indwells, baptizes, seals, anoints, and endows all who are regenerated with spiritual gifts. (John 15:26, 16:8, 3:3-6, 14:16-17, 14:26)
Man
We believe that after God made the other creatures, He created man, both male and female, in His own image and likeness. But all individuals have rebelled against God by sinning against His holy character and law. As a result, we have alienated ourselves from God and have exposed ourselves to His righteous wrath, which will banish us eternally to hell if we are not forgiven. (Gen. 1, 2, 3; Mark 10:6; John 3:36; Rom. 1:18; Rom. 3:23; Rom. 5:12; Eph. 2:1-3)
Salvation
Because all have sinned, atonement must be made for sinners to be reconciled to God. We believe Christ's shed blood and death, in which He bore the punishment due to sinners, is the only payment for sin that God will accept. We believe that the only way to acceptance with God is by God's grace alone, through faith alone, in Jesus Christ alone. All who genuinely believe in Christ alone are adopted by God into His family and receive eternal life. (John 1:12-13; John 3:16; John 6:37-40; Acts 4:12; Eph. 2:8-9)
The Church
We believe that all those who have been saved by grace alone through faith alone in Christ alone form the Church of Jesus Christ. The Church, also known as the Body of Christ, has an organized, visible presence throughout the world in the form of believers in Christ who meet to worship and serve God, observe the ordinances of baptism and the Lord's Supper, and faithfully preach the gospel of Christ. (Matt. 28:19; 1 Cor. 12:12-13; Eph. 1:23; Eph. 2:22)
The Future
We believe in the personal, visible, and imminent return of our Lord and Savior, Jesus Christ, at the last day, to judge all mankind and to receive His people to Himself. We believe in the bodily resurrection of both the just and the unjust-the unjust to judgment and eternal conscious punishment in hell, and the just to eternal blessedness in the presence of Christ who sits on the throne in the new heaven and the new earth. (1 Cor. 15:51-52; 1 Thess. 1:10; 1 Thess. 4:13-18; 1 Thess. 5:9; 2 Thess. 2:7-8; Rev. 1:7, 19:11-16, 20:6)
The Christian's Ministry
In view of Christ's last command and recognizing the lost condition of all those who fail to accept the gospel message, we believe in the urgency of every Christian responding to the great commission of Christ. It is to the work of helping to carry out the plan of God in this age that SonSet Solutions is dedicated, in conformity with the last command of our Savior to be witnesses to the ends of the earth. (Matthew 28:19-20, 20; John 3:16; John 3:18, 36; Acts 1:8; Rom. 1:16)
Donor confidence score
This organization does not file a Form 990.
Show donor confidence score detailsTransparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 424 of 1118 | 46 of 122 |
| Fund acquisition rating | | 200 of 1119 | 19 of 122 |
| Resource allocation rating | | 553 of 1119 | 60 of 122 |
| Asset utilization rating | | 680 of 1118 | 75 of 122 |
Financial ratios
| Funding ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 2% | 2% | 5% | 3% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 2% | 2% | 4% | 3% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 98% | 93% | 99% | 93% | 89% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 3% | 3% | 5% | 4% | 5% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 2% | 7% | 1% | 7% | 11% |
| Operating ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 83% | 86% | 84% | 90% | 86% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 84% | 75% | 87% | 81% | 89% |
Program output ratio Program output ratio = Program services / Total revenue | 81% | 70% | 65% | 73% | 72% | 76% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 16% | 25% | 13% | 19% | 11% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 11% | 19% | 10% | 16% | 9% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 14% | 11% | 10% | 6% | 9% |
| Investing ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.88 | 0.54 | 0.55 | 0.65 | 0.60 | 0.65 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 1.13 | 1.15 | 1.20 | 1.23 | 1.28 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 0.61 | 0.63 | 0.78 | 0.74 | 0.83 |
| Liquidity ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Current ratio Current ratio = Total current assets / Total current liabilities | 15.15 | 28.38 | 28.56 | 29.04 | 13.83 | 21.56 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.04 | 0.04 | 0.03 | 0.07 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.99 | 18.96 | 18.37 | 14.90 | 14.95 | 13.75 |
| Solvency ratios | Sector median | 2020 | 2019 | 2018 | 2017 | 2016 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 4% | 4% | 4% | 7% | 4% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 98% | 178% | 175% | 148% | 154% | 147% |
Financials
| Balance sheet | |||||
| Assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Cash | $2,729,213 | $2,302,827 | $1,880,693 | $1,650,019 | $1,261,745 |
| Receivables, inventories, prepaids | $336,441 | $381,153 | $206,473 | $233,226 | $225,328 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,065,654 | $2,683,980 | $2,087,166 | $1,883,245 | $1,487,073 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $347,773 | $355,693 | $374,181 | $387,430 | $413,923 |
| Other long-term assets | $46,826 | $45,691 | $43,451 | $47,805 | $0 |
| Total long-term assets | $394,599 | $401,384 | $417,632 | $435,235 | $413,923 |
| Total assets | $3,460,253 | $3,085,364 | $2,504,798 | $2,318,480 | $1,900,996 |
| Liabilities | 2020 | 2019 | 2018 | 2017 | 2016 |
| Payables and accrued expenses | $1,001 | $1,001 | $1,265 | $2,374 | $6,780 |
| Other current liabilities | $107,010 | $92,960 | $70,602 | $133,748 | $62,199 |
| Total current liabilities | $108,011 | $93,961 | $71,867 | $136,122 | $68,979 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $21,729 | $22,972 | $24,344 | $25,521 | $13,029 |
| Total long-term liabilities | $21,729 | $22,972 | $24,344 | $25,521 | $13,029 |
| Total liabilities | $129,740 | $116,933 | $96,211 | $161,643 | $82,008 |
| Net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Without donor restrictions | $2,402,852 | $2,154,943 | $1,691,292 | $1,475,201 | $1,338,791 |
| With donor restrictions | $927,661 | $813,488 | $717,295 | $681,636 | $480,197 |
| Net assets | $3,330,513 | $2,968,431 | $2,408,587 | $2,156,837 | $1,818,988 |
| Revenues and expenses | |||||
| Revenue | 2020 | 2019 | 2018 | 2017 | 2016 |
| Total contributions | $2,186,566 | $2,098,957 | $1,860,737 | $1,610,993 | $1,237,195 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $37,742 | $41,460 | $22,041 | $28,163 | $5,452 |
| Other revenue | $9,784 | $110,930 | ($8,406) | $100,741 | $151,682 |
| Total other revenue | $47,526 | $152,390 | $13,635 | $128,904 | $157,134 |
| Total revenue | $2,234,092 | $2,251,347 | $1,874,372 | $1,739,897 | $1,394,329 |
| Expenses | 2020 | 2019 | 2018 | 2017 | 2016 |
| Program services | $1,554,514 | $1,460,741 | $1,368,672 | $1,256,768 | $1,060,731 |
| Management and general | $263,214 | $182,331 | $169,795 | $89,154 | $113,488 |
| Fundraising | $54,282 | $48,431 | $84,155 | $56,126 | $63,228 |
| Total expenses | $1,872,010 | $1,691,503 | $1,622,622 | $1,402,048 | $1,237,447 |
| Change in net assets | 2020 | 2019 | 2018 | 2017 | 2016 |
| Surplus (deficit) | $362,082 | $559,844 | $251,750 | $337,849 | $156,882 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $362,082 | $559,844 | $251,750 | $337,849 | $156,882 |
Compensation
| Name | Title | Compensation |
| Daivd Russell | President An | $95,756 |
| Jonathan Fiet | Chief Fin. O | $86,316 |
| Curtlin Bender | V.p Operatio | $66,910 |
Compensation data as of: 12/31/2020
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 5/31/2024. To update the information below, please email: [email protected]
History
For a timeline, visit: https://sonsetsolutions.org/history/