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Children of Promise International

Rating
Sector:

Foreign Missions

Total
Revenue:

$1,119,080

Total
Expenses:

$1,139,274

Net
Assets:

$129,689
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 90.1%
General & Admin 12.6% 8.5%
Fundraising 6.8% 2.9%
Savings -4.3% -1.8%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Children of Promise International (COP) is an interdenominational Christian mission organization dedicated to three areas of ministry: (1) caring for orphans and widows through church-based orphan homes, (2) reaching the unreached with the Gospel of Jesus Christ through church planting, and (3) providing for needy children through feeding and nutrition programs, free schools and higher education opportunities, and family assistance. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Contact Information: [ Back to top ]

Mailing Address:6844 Loop Road
Centerville, OH
45459-2159
Website: www.promise.org
Phone:(937) 436-5397, (888) 667-7426
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 431027276
CEO/President: Mr. Robert Egimann Tax Deductible: Yes
Chairman: Dr. Ken R. Canfield Fiscal Year End: December 31
Board Size: 4 Financial info from: 990
Founder: Reverend Linn Haitz Member of ECFA: Yes
Year Founded: 1973 Member of ECFA since: 1983

Purpose [ Back to top ]

Children of Promise International (COP) is an interdenominational Christian mission organization dedicated to three areas of ministry: (1) caring for orphans and widows through church-based orphan homes, (2) reaching the unreached with the Gospel of Jesus Christ through church planting, and (3) providing for needy children through feeding and nutrition programs, free schools and higher education opportunities, and family assistance. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).

Mission Statement [ Back to top ]

Children of Promise International uses the following to express its mission:

Children of Promise International is an interdenominational Christian mission organization dedicated to three areas of ministry:

  1. Caring for orphans and widows through church-based orphan homes,
  2. Reaching the unreached with the Gospel of Jesus Christ through church planting, and
  3. Providing for needy children through feeding and nutrition programs, free schools and higher education opportunities, and family assistance.

    Program Accomplishments [ Back to top ]

    • Children of Promise through partnerships, has established and/or supported over 150 children’s homes for orphaned and destitute children in 19 nations, with more being added regularly.
    • The nations in which they support homes are Burma, Cambodia, Colombia, Coast Rica, D.R. Congo, Ghana, Guatemala, Haiti, India, Kenya, Mexico, Moldova, Nicaragua, Peru, Romania, Rwanda, Thailand, Ukraine, and Venezuela.
    • They partner with over 32 organizations – churches, para-church ministries, and foundations – in operating 141 church based orphan homes, 3 family assistance programs, 3 nutrition programs and 2 widow programs – making a difference in the lives of over 5,900 orphans and widows. Currently they have over 500 requests for ministry partnerships throughout the world.
    • In Colombia, COP provides a sponsorship program for a Love in Action program in Zamora, operated by Fundacion Educativa LEA. The program helps 83 elementary school-age children of single-parents homes who lie in the slums. Through the programs, children enjoy birthday parties, snacks, some school supplies, Bible studies, and special events. A high school program – in which youth participate in weekend workshops on self confidence, decision making and spiritual growth – is also operated and serves 36 high school students. This program has over a 90% success rate in keeping young people off the streets and off drugs.
    • Fifteen orphaned, abandoned, and destitute teenage boys receive 24-hour care in a children’s home in Kinshasa, D.R. Congo.
    • In 2004, Children of Promise operated 24 orphan homes in India which 1,503 orphaned and destitute children received 24-hour a day care in a loving Christian environment. In addition, our mission operated 22 free schools with a total enrollment of 580 children – educating children of the home and destitute children in surrounding communities.
    • The 16th class of COP’s Bible School in India is receiving biblical studies and preparing for pastoral or evangelistic ministry. A total of 25 students are graduating.
    • The Widow Program in India is serving 90 widows daily: however, more than 850 widows are benefited through this program.

      Statement of Faith [ Back to top ]

      Children of Promise International uses the following to express its statement of faith:

      (1) We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

      (2) We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

      (3) We believe in the deity of our Lord Jesus Christ, in His Virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father and in His personal return in power and glory.

      (4) We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential.

      (5) We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

      (6) We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

      (7) We believe in the spiritual unity of believers in our Lord Jesus Christ.

      History [ Back to top ]

      The birthing of Children of Promise International came to Linn Haitz, Founder and Missionary, in a small rented room in the village of Bello, Colombia in 1968 when he was strongly impressed by Isaiah 49:6—“I will give you as a light to the nations, that my salvation may reach to the end of the earth.”

      The work began in the jungles and slums of South America. The need seemingly was too great to tackle. There were thousands of Indians in remote areas beyond mountain ridges and roaring streams too difficult to reach. In his early 50’s, with a willing heart and a faithful God, Linn Haitz stepped out in faith. Following many miraculous interventions, four “free” schools were begun to teach the children in the slums how to read and write and about a wonderful Savior, Jesus Christ.

      This was the beginning of Children of Promise International, originally known as Bible And Literacy League. Since the small beginnings in Colombia, South America, God has directed a far-reaching, worldwide ministry among thousands of orphaned and destitute children as well as the lost, the poor and the oppressed throughout the world.

      On December 14, 1973 the ministry became a not-for-profit corporation in the State of Missouri. On August 19, 1998 the ministry officially took on the new name of Children of Promise International, which defined its major emphasis.

      In obedience to the Lord’s commission, Children of Promise International reaches out to the most neglected regions of the earth—to jungle tribes and city slums...to orphans, widows and destitute children...to those who have little or no hope.

      Linn Haitz serves as an inspiration for everyone who has ever been a part of this ministry. It is not what we materially possess that is important. It is what we can give of ourselves in serving others that matters the most.

      Children of Promise International has been a member—in good standing—of the Evangelical Council for Financial Accountability (ECFA) since 1983.

      Ministry Needs [ Back to top ]

      This organization has not offered MinistryWatch.com with specific needs to be posted on the profile. At such a time that MinistryWatch.com receives a response from the ministry, it will be posted immediately.

      Research Analysis

      Transparency Grade [ Back to top ]

      Transparency Grade of : B
      Criteria categoryGradeOther Comments
      Timeliness:7011/7/2011 11:08:23 AM: Organization made financial information available greater than 7 ½ months.
      Financial Information:100
      Foundational Clarity:
      Level of Cooperation:
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      MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

      Ranking CategoryRatingOverall RankForeign Missions Sector
      Overall Efficiency RatingStarStarStarStar61 of 348    12 of 54
      Fund Acquisition DecisionStarStarStarStar61 of 348      12 of 54
      Resource Allocation Decision of 348      25 of 54
      Asset Utilization Decision of 348      25 of 54
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Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts10%3%3%0%0%0%
Fundraising Cost Ratio7%3%3%0%0%0%
Contributions Reliance83%100%100%0%0%0%
Fundraising Expense Ratio7%3%2%0%0%0%
Other Revenue Reliance17%0%0%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%89%88%0%0%0%
Spending Ratio104%102%105%0%0%0%
Program Output Ratio84%90%92%0%0%0%
Savings Ratio-4%-2%-5%0%0%0%
Reserve Accumulation Rate4%-16%-41%0%0%0%
General & Admin Ratio13%9%10%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.85x3.11x3.04x0x0x0x
Degree of L-T Investment3.06x3.41x3.36x0x0x0x
Current Asset Turnover5.43x10.6x10.23x0x0x0x
Age of Assets10.5yr(s)8.5yr(s)7.9yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3276.63x0x17.3x0x0x0x
Current Liabilities Ratio.38x0x.06x0x0x0x
Liquid Reserve Level4.95x1.13x1.11x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.65x.63x0x0x0x
Debt Ratio.07x.65x.61x0x0x0x
Reserve Coverage Ratio81%11%12%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$107,482$104,607$180,504$260,469$219,656
Receivables, Inventories & Prepaids$0$15,345$16,380$2,286$417
Short-Term Investments$0$0$0$0$0
Total Current Assets$107,482$119,952$196,884$262,755$220,073
Long-Term Investments$0$0$0$0$0
Fixed Assets$256,168$280,854$303,071$359,875$330,358
Other Long-Term Assets$2,500$2,500$369$6,984$3,032
Total Long-Term Assets$258,668$283,354$303,440$366,859$333,390
TOTAL ASSETS$366,150$403,306$500,324$629,614$553,463
Liabilities20072006200520042003
Payables & Accrued Expenses$0$6,932$19,808$16,925$16,782
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$0$6,932$19,808$16,925$16,782
Debt$236,461$246,491$253,929$282,381$39,194
Other Long-Term Liabilities$0$0$0$0$545,944
Total Long-Term Liabilities$236,461$246,491$253,929$282,381$585,138
TOTAL LIABILITIES$236,461$253,423$273,737$299,306$601,920
Assets20072006200520042003
Unrestricted($325,066)($282,688)($184,848)($35,862)($270,647)
Temporarily Restricted$454,755$432,571$411,435$366,170$222,190
Permanently Restricted$0$0$0$0$0
NET ASSETS$129,689$149,883$226,587$330,308($48,457)
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$1,122,461$1,165,481$1,715,043$1,742,713$1,554,588
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income($3,381)($235)($53,702)$1,524$3,393
Other Revenue$0$0$0$337,572$4,397
Total Other Revenue($3,381)($235)($53,702)$339,096$7,790
TOTAL REVENUE$1,119,080$1,165,246$1,661,341$2,081,809$1,562,378
Expenses20072006200520042003
Program Services$1,008,581$1,076,249$1,449,666$1,322,889$1,212,228
Management & General$97,734$120,714$224,538$236,232$215,813
Fundraising$32,959$30,226$90,858$143,923$131,938
TOTAL EXPENSES$1,139,274$1,227,189$1,765,062$1,703,044$1,559,979
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($20,194)($61,943)($103,721)$378,765$2,399
Other Changes in Net Assets$0($14,761)$0$0$1,888
TOTAL CHANGE IN NET ASSETS($20,194)($76,704)($103,721)$378,765$4,287