SonSet Solutions

The information on this page was last updated 3/29/2023. 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

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Transparency grade

A

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Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating345 of 111045 of 121
Fund acquisition rating218 of 111121 of 121
Resource allocation rating409 of 111158 of 121
Asset utilization rating700 of 111072 of 121

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%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
92%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
8%2%7%1%7%11%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%83%86%84%90%86%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%84%75%87%81%89%
Program output ratio Program output ratio =
Program services /
Total revenue
77%70%65%73%72%76%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%16%25%13%19%11%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%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 ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.860.540.550.650.600.65
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.131.151.201.231.28
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.790.610.630.780.740.83
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.9228.3828.5629.0413.8321.56
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.040.040.030.070.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.0418.9618.3714.9014.9513.75
 
Solvency ratiosSector median20202019201820172016
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
100%178%175%148%154%147%

Financials

Balance sheet
 
Assets20202019201820172016
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
 
Liabilities20202019201820172016
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 assets20202019201820172016
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
 
Revenue20202019201820172016
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
 
Expenses20202019201820172016
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 assets20202019201820172016
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

NameTitleCompensation
Daivd RussellPresident An$95,756
Jonathan FietChief Fin. O$86,316
Curtlin BenderV.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 3/29/2023. To update the information below, please email: [email protected]


History

For a timeline, visit: https://sonsetsolutions.org/history/


Program accomplishments


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