2022 Annual Report - MAF

2022 Annual Report Mission Aviation Fellowship

MAF is a global family of organizations serving in 31 countries

4 Restricted Access Countries 1 Restricted Access Country

MAF-US 4 Restricted Access MAFCountries Canada 1 Restricted Access Countries

MAF International

MAF-US and MAFI Joint Operations

MAF Board of Directors, 2023 Joel Barker, Board Chair Retired Senior Vice President and Chief Financial Officer J.R. Simplot Company; Boise, ID Mona Gisler Financial Systems and Training Officer, Douglas Emmett, Inc; Santa Monica, CA Jennifer Holloran Chief Operations Officer, Wycliffe Bible Translators; Orlando, FL David Holsten President and Chief Executive Officer, MAF; Nampa, ID Edner Jeanty Executive Director, Barnabas Christian Leadership Center; Fort Pierce, FL Larry Jones, Ph.D. Chief Executive Officer, The Seed Company; Arlington, TX Jeff Kramer VP of Fundraising, The Internet Society; Pearland, TX

Grantley Martelly Chief Operating Officer, Pierce Transit; Lakewood, WA Ken McKenzie Principal, Meridian Blue, LLC; Wilton Manors, FL Lacey Pittman, Vice Chair Vice President Global Aviation Safety, Boeing; Seattle, WA Montie C. Ralstin, Jr. Retired Pastor; Boise, ID Mike Tachick Owner and Chief Executive Officer, Dairyland Electrical Industries; Stoughton, WI Dan Elwell President, Elwell & Associates; Fairfax Station, VA Rebecca Mare Counsel to the Firm, Lane Powell; Seattle, WA

Summary Financial Statement

Fiscal Year 2022 (January 1 – December 31)

Summary Consolidated Statement of Position

Summary Consolidated Statement of Activity

ASSETS

REVENUES

Current Assets................................................... $31,150,740 Fixed Assets......................................................... 55,349,059 Other Assets........................................................ 20,322,472 Total Assets............................................ $106,822,271

Contributions................................................. $46,773,959 Program Revenues............................................ 9,368,984 Other Income......................................................... 118,955 Total Revenues...................................... $56,261,898

LIABILITIES AND NET ASSETS

EXPENSES

Current Liabilities...............................................$4,570,067 Noncurrent Liabilities..........................................9,905,299 Total Liabilities........................................ $14,475,366

Program Activities.......................................... $39,737,803 Fundraising............................................................ 7,811,765 General and Administrative.............................. 4,539,408 Total Expenses.......................................$52,088,976

Net Assets............................................... $92,346,905 Total Liabilities and Net Assets............. $106,822,271 Change in Net Assets from Operations...............................................$4,172,922 Post-Retirement Changes Other than Net Periodic Benefit Costs................................ (649,042) Foreign Currency Translation Adjustments..........................................................(197,484) Change in Net Assets............................... $3,326,396 Net Assets Beginning of Year................ $89,020,509 Net Assets End of Year........................... $92,346,905

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 (83 percent) and fees for services (17 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