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World Missions Far Corners, Inc.

Rating
Sector:

Foreign Missions

Total
Revenue:

$1,232,099

Total
Expenses:

$1,299,644

Net
Assets:

$713,260
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 84% 76.7%
General & Admin 12.5% 5.4%
Fundraising 6.8% 23%
Savings -4.4% -5.4%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

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

Summary

World Missions Far Corners, Inc. ("WMFC") is a non-denominational missionary service organization which helps missionaries in the handling of their finances, the receipting of donor gifts and the mailing out of newsletters. World Missions Far Corners, Inc. is a movement of Christians from many denominations dedicated to presenting Jesus Christ personally to this generation, and to the training and equipping of believers for their part in fulfilling the Great Commission. World Missions Far Corners, Inc. supports a number of ministries spread over five continents with about two thousand individuals directly involved in some form of ministry. In the U.S. and in Canada a daily radio broadcast on select stations is heard across the nation. World Missions Far Corners, Inc. was founded by J. Leonard Bell and the late Charles W. Turner in 1958. This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law.

Contact Information: [ Back to top ]

Mailing Address:8401 Jacksboro Hwy, Ste. 130
Ft. Worth, TX
76135-4376
Website: www.worldmissionsfarcorners.com
Phone:(817) 237-3000, (800) 550-0035
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 952082626
CEO/President: Mr. Gary Bishop Tax Deductible: Yes
Chairman: Fiscal Year End: December 31
Board Size: 9 Financial info from: 990
Founder: Dr. J. Leonard Bell Member of ECFA: No
Year Founded: 1958 Member of ECFA since:

Purpose [ Back to top ]

World Missions Far Corners, Inc. ("WMFC") is a non-denominational missionary service organization which helps missionaries in the handling of their finances, the receipting of donor gifts and the mailing out of newsletters. World Missions Far Corners, Inc. is a movement of Christians from many denominations dedicated to presenting Jesus Christ personally to this generation, and to the training and equipping of believers for their part in fulfilling the Great Commission. Its goal is to present the claims of Christ, care for the suffering and establish churches according to the indigenous principles of the New Testament.

World Missions Far Corners supports a number of ministries spread over five continents with about two thousand individuals directly involved in some form of ministry. WMFC provides a canopy for many missionaries and allows them to focus on missions work. Some of the programs and ministries which WMFC support, include: Chaplains ministering in U.S. penal institutions, Church planting, Day Care Centers, Film Ministries, Leper Hospital and Clinics, Literature programs, National Training Centers, Native Evangelism, Newspaper Evangelism, New Life Centers the rehabilitation of former prostitutes and their children, Rice Kitchen Ministries, River Launch Ministries, and schools for the children of Scavengers and Slum dwellers. In the U.S. and in Canada a daily radio broadcast on select stations is heard across the nation. The ministry of World Missions Far Corners, Inc. is world wide, ministering in North America, South America, the Islands of the sea, Europe and Asia.

"Far Corners" is the name of the outreaches of World Missions Far Corners, Inc. that are legally organized and recognized in third-world countries as indigenous to the country. World Missions Far Corners was founded by J. Leonard Bell and the late Charles W. Turner, and was incorporated under the State laws of California on November 6, 1958.

This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law.

Mission Statement [ Back to top ]

WMFC expresses its purpose statement as follows:

To be obedient to the great commission, "Go ye into all the world and preach the gospel to every creature. He that believeth and is baptized shall be saved; but he that believeth not shall be damned". (Mark 16: 15, 16) For successful evangelism: a definite and clear conception of purpose, a wisely considered plan to achieve it "To use a means to an end, but when that means has lost its effectiveness to change that means." (John Wesley) World Missions Far Corners, Inc. is a movement of Christians from many denominations dedicated to presenting Jesus Christ personally to this generation, to mobilize training and equipping of believers for their part in fulfilling the Great Commission. As Christians of God's Kingdom we are called to obey and worship our Lord, and to love and serve His Body, the Church, and to present the whole Gospel for the whole man throughout the whole world.

Program Accomplishments [ Back to top ]

In total, over four million have responded by letter to NAME.
On average about 48 percent eating at the Rice Kitchens accept Christ.
Thousands of women have accepted Jesus Christ, and more than five hundred have married.
In an 86-month period using "The Life of Christ" film, the FILM MINISTRY reached 3,016 villages and about 347,235 individuals have responded to the invitation to accept Christ.
In India, the River Ministry (of the LAUNCHES MINISTRY) is serving 154 villages, and soon a 30-bed hospital will be erected in the midst of these tribal people. In Peru, the launch is seeking to reach 350 Indian tribes on the vast Amazon River Basin.
The LEPER MINISTRY has a hospital which has completed three wings and houses 450 to 500 patients.
WFCM has plans for a four-wing hospital for 2,000 patients, a city with 200 homes, and a beautiful chapel with their own pastor.

Statement of Faith [ Back to top ]

World Missions Far Corners, Inc. subscribes to the following statement of faith:

1. We believe that the Bible is the inspired, the only infallible authoritative Word of God.
2. We believe that for the salvation of lost and sinful men, belief in the Lord Jesus Christ and regeneration by the Holy Spirit is absolutely essential.
3. We believe in one God, eternally existent in three Persons: Father, Son and Holy Ghost.
4. We believe in the deity of our Lord Jesus Christ; His Virgin birth; His sinless life; His miracles; His vicarious and atoning death through His shed blood; His bodily resurrection; His ascension to the right hand of the Father; and, His personal return in power and glory.
5. We believe in the present ministry of the Holy Spirit by Whose indwelling the Christian is enable to live a godly life.
6. We believe in the forgiveness of sins, resurrection of the body, and the life everlasting.
7. We believe on the spiritual unity of believers in our Lord Jesus Christ. "

History [ Back to top ]

World Missions Far Corners, Inc. was founded in 1958 by J. Leonard Bell and the late Charles W. Turner. The work initially began in Old Mexico making audio visual aides for primitive people. These visual aids were used in 45 countries. Then the ministry crop dusted the Gospel by dropping Gospels of John from low-flying airplanes. Native Evangelism began March of 1964.

In 1974 NAME was set in motion by WMFC when it placed gospel messages in newspapers and magazines in Malaysia (with the help of AMG International). In 1976 it was developed in India, and in 1979 and 1980 over 500,000 letters came to WFCM’s headquarters in India.

WMFC set up a chain of mobile RICE KITCHENS in India in 1971. These Kitchens aspire to serve areas of disaster, crop failings, and starvation, while presenting the Gospel. OPERATION RESCUE began in 1973; its aim is to -- rescue fallen women and their children. WMFC has developed programs of rehabilitation and training in their New Life Centers to help these people break out of their bondage and come to know Christ. In 1974 a LEPER MINISTRY hospital was erected in Chengizkhanpet, South India, The Gladys Schumacher Memorial Leprosy Hospital.

The FILM MINISTRY in India began with a training program in July 1991. Now WMFC shows a series of films in a systematic effort to reach the 29,000 villages. They hope to reach all of the 600,000 villages in India. The invitation follow-ups are made through Seeker's Conferences, prayer meetings, training programs, and Services (by national pastors and Bible women).

The LAUNCHES MINISTRY is now operating in India and Peru. Each floating launch has a clinic, a doctor, and nurses. A Film Team preaches the Gospel as the medical staff attends to the physical problems of the people. WMFC reaches out to the SCAVENGERS and SLUM DWELLERS by providing food for the soul, schooling for the children, rice kitchens for children and adults, medical assistance, when possible, and the Gospel.

NATIONAL-NATIVE EVANGELISTS working with WFCM in many third-world countries, each week, evangelize hundreds of villagers. The national evangelists use different methods: in India use a bicycle, a lantern and a drum, in the Philippines a bicycle or a horse; in Peru a boat; in Ecuador four-wheel drive vehicles for the mountains. There are two BIBLE TRAINING centers in Mexico -- one in Coatzacoalcos, Veracruz and one in Merida, Yucatan; one in the Baguio, Philippines. One is in South India, one in Iquitos, Peru.

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:7011/18/2011 10:30:43 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 RatingStar336 of 348    52 of 54
Fund Acquisition DecisionStar336 of 348      52 of 54
Resource Allocation Decision of 348      49 of 54
Asset Utilization Decision of 348      49 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%23%23%0%0%0%
Fundraising Cost Ratio7%23%23%0%0%0%
Contributions Reliance83%100%100%0%0%0%
Fundraising Expense Ratio7%22%22%0%0%0%
Other Revenue Reliance17%0%0%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%73%73%0%0%0%
Spending Ratio104%105%103%0%0%0%
Program Output Ratio84%77%75%0%0%0%
Savings Ratio-4%-5%-3%0%0%0%
Reserve Accumulation Rate4%-9%-4%0%0%0%
General & Admin Ratio12%5%5%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.91x1.12x1.15x0x0x0x
Degree of L-T Investment3.1x1.09x1.09x0x0x0x
Current Asset Turnover5.56x1.22x1.26x0x0x0x
Age of Assets10.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3306.32x2.39x2.72x0x0x0x
Current Liabilities Ratio.39x.42x.37x0x0x0x
Liquid Reserve Level4.91x5.72x6.04x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.39x.34x0x0x0x
Debt Ratio.07x0x0x0x0x0x
Reserve Coverage Ratio81%55%57%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$853,470$897,878$870,238$873,351$881,394
Receivables, Inventories & Prepaids$213,200$191,200$178,200$181,200$181,200
Short-Term Investments$0$0$0$0$0
Total Current Assets$1,066,670$1,089,078$1,048,438$1,054,551$1,062,594
Long-Term Investments$0$0$0$0$10,000
Fixed Assets$98,341$97,260$96,198$96,018$96,018
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$98,341$97,260$96,198$96,018$106,018
TOTAL ASSETS$1,165,011$1,186,338$1,144,636$1,150,569$1,168,612
Liabilities20072006200520042003
Payables & Accrued Expenses$0$0$20,751$20,751$0
Other Current Liabilities$446,847$400,848$303,252$287,294$240,239
Total Current Liabilities$446,847$400,848$324,003$308,045$240,239
Debt$0$0$0$0$0
Other Long-Term Liabilities$4,904$4,685$4,853$4,641$3,649
Total Long-Term Liabilities$4,904$4,685$4,853$4,641$3,649
TOTAL LIABILITIES$451,751$405,533$328,856$312,686$243,888
Assets20072006200520042003
Unrestricted$0$0$0$0$0
Temporarily Restricted$0$0$0$0$0
Permanently Restricted$0$0$0$0$0
NET ASSETS$713,260$780,805$815,780$837,883$924,724
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$1,232,099$1,331,967$1,297,355$1,292,952$2,160,801
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$0$0$0$0($4,580)
Other Revenue$0$0$0$0$0
Total Other Revenue$0$0$0$0($4,580)
TOTAL REVENUE$1,232,099$1,331,967$1,297,355$1,292,952$2,156,221
Expenses20072006200520042003
Program Services$945,259$998,839$977,316$1,028,208$1,282,541
Management & General$70,909$65,400$54,983$3,400$6,100
Fundraising$283,476$302,707$287,159$348,185$344,654
TOTAL EXPENSES$1,299,644$1,366,946$1,319,458$1,379,793$1,633,295
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($67,545)($34,979)($22,103)($86,841)$522,926
Other Changes in Net Assets$0$4$0$0$0
TOTAL CHANGE IN NET ASSETS($67,545)($34,975)($22,103)($86,841)$522,926