2021 Annual Report - MAF

2021 Annual Report Mission Aviation Fellowship

2021 MAF Worldwide Operations Mission Aviation Fellowship-US (MAF) is based in Nampa, Idaho, and is part of the global family of MAF organizations that includes MAF International, MAF Canada, and affiliates in Central and South America.

Unless otherwise indicated in this report, “Mission Aviation Fellowship” or “MAF” refers to MAF-US only, as do all the numbers.

MAF-US Democratic Republic of the Congo Haiti Indonesia Lesotho Mali Mozambique United States Africa - Restricted Access (1) Asia - Restricted Access (4) MAF-US AFFILIATES Brazil Ecuador Guatemala Mexico Suriname MAF CANADA Angola Canada

MAF Facts

MAF INTERNATIONAL Papua New Guinea Arnhem Land (AU) Bangladesh South Africa Chad South Sudan Guinea Tanzania Kenya Timor-Leste Liberia Uganda Madagascar United Kingdom Myanmar

MAF Board of Directors, Fiscal Year 2021 J. David Grizzle, Chairman of the Board Chief Executive Officer, Dazzle Partners, LLC; Washington, DC

Grantley Martelly Chief Operating Officer, Pierce Transit; Lakewood, WA

Joel Barker, Vice Chair Retired Senior Vice President and Chief Financial Officer, J.R. Simplot Company; Boise, ID

Ken McKenzie President & Chief Operating Officer, Red Apple Education; Wilton Manors, FL

Mona Gisler Financial Systems and Training Officer, Douglas Emmett; Santa Monica, CA

Lacey Pittman Director of Operations and Safety, Amazon Air; Seattle, WA

David Holsten President and Chief Executive Officer, MAF; Nampa, ID Jennifer Holloran Chief Operations Officer, Wycliffe Bible Translators; Orlando, FL Edner Jeanty Executive Director, Barnabas Christian Leadership Center; Fort Pierce, FL Larry Jones, Ph.D. Senior Vice President, Emeritus, Bible Translation, The Seed Company; Arlington, TX Jeff Kramer Vice President and Chief Development Officer, Baker Ripley; Houston, TX

Montie C. Ralstin, Jr. Retired Pastor; Boise, ID Ken Smoll Principal and Owner, Blue Tide Aero, LLC; Spokane, WA Robert Swanson Shareholder, Boutin Jones Inc.; Sacramento, CA Mike Tachick Owner and Chief Executive Officer, Dairyland Electrical Industries; Stoughton, WI

Visit maf.org/report for additional information.

Summary Financial Statement

Fiscal Year 2021 (January 1 – December 31)

Summary Consolidated Statement of Position

Summary Consolidated Statement of Activity

ASSETS

REVENUES

Current Assets.................................................. $27,452,906 Fixed Assets......................................................... 52,951,033 Other Assets........................................................23,928,261 Total Assets........................................... $104,332,200

Contributions................................................. $43,805,920 Program Revenues.............................................8,039,256 Other Income......................................................3,916,489 Total Revenues....................................... $55,761,665

LIABILITIES AND NET ASSETS

EXPENSES

Current Liabilities...............................................$5,253,046 Noncurrent Liabilities........................................10,058,645 Total Liabilities........................................ $15,311,691

Program Activities.......................................... $35,273,770 Fundraising.......................................................... 6,986,718 General and Administrative.............................. 3,264,657 Total Expenses....................................... $45,525,145

Net Assets............................................... $89,020,509 Total Liabilities and Net Assets............ $104,332,200 Change in Net Assets from Operations............................................. $10,236,520 Post-Retirement Changes Other than Net Periodic Benefit Costs.................................(635,874) Foreign Currency Translation Adjustments..........................................................(162,300) Change in Net Assets............................... $9,438,346 Net Assets Beginning of Year................. $79,582,163 Net Assets End of Year............................$89,020,509

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 (79 percent) and fees for services (14 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 | PO Box 47, Nampa, ID 83653 | maf.org | maf-us@maf.org | 208-498-0800