I wanted to take a moment to share with you my personal financial state of affairs for 2014-2016, in part because I receive a lot of questions about how our finances work with Zona Juvenil Ministries, the Youth Ranch Home, and Mark Wakefield’s finances. And I’d also like to ask you to prayerfully consider supporting me personally, or the Youth Ranch Home and boys this year.
My personal income for the past sixteen years has varied between $7,000 to $20,000. Most of this is from donations given by friends and family. Some is from other sources such as small jobs, books sold, or selling my toenail or hair samples (just checking to see if you are paying attention!)
In 2014 my personal income was just over $10,000, a majority of this given by one church in North Carolina. When Bob Carey took over our US financial management team, he only gave me funds directly designated to me personally, so all other donations went to the ministry fund. In 2015 he did the same thing, so my income was just under $10,000. This being said, I still live here at the Youth Ranch Home, eat the same food as the boys, and my biggest expense is returning to the US each year to share in churches and with friends and raise support and awareness for our home. And for the first time in a very long time, at the end of 2015 we actually made budget with funds given to ZJM, so this was a huge boost for us.
We have said that ideally, I need around $1,400 a month, as I do try to save some money for emergencies (like the medical issues I’ve had these past few months), I pay my travel, sometimes I take rest days, and some personal items. Also I am paying the internet in the home, and my personal cell phone. We have also opened a savings and retirement program for the long term, now with a financial service in the US.
We have been praying about this and I’d like to ask you to prayerfully consider two things:
1. I am trying to invest a little money each month in a retirement plan, but this is nearly impossible with my current income. We would like to know that I at least have $1,400 a month in income.
2. I have been offered an amazing life insurance plan, where I pay in $4,500 a year for fifteen years. After the second year, my life insurance policy will be $250,000 no matter how I die, for example a catastrophic toenail fungus (still paying attention?) We feel that this move is very wise, as it would provide for the boys and home should something happen to me.
For the past six years a church in Greensboro, North Carolina have served as my primary financial supporters. They committed to help for “a year or two”, and this has continued much longer than we all anticipated. But now they are going through a financially burdensome time, and they will no longer be able to continue supporting me as they have in the past. We are praying for friends who will come alongside me in the task that God has called me to.
If you are interested in investing in my life and this ministry, please contact me via my Facebook or personal email, email@example.com. Or I can call you as I have a great long distance plan. You can also contact Bob Carey via his Facebook, his cell phone (704) 974-7691.
Thanks and many blessings,
Mark W. Wakefield
Youth Ranch Home
Zona Juvenil Ministries