Coreluv International

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/25/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

We partner with communities and orphanages around the world. We work directly with children who have lost one or both of their parents and often lost all hope. A top priority at Coreluv is to provide each of our kids with a loving home!


Contact information

Mailing address:
Coreluv International
502 W. Montgomery Street
Suite 411
Willis, TX 77378-8827

Website: coreluv.org

Phone: 832-857-0588

Email: info@coreluv.org


Organization details

EIN: 270846609

CEO/President: Mike Reiszner

Chairman: Mike Reiszner

Board size: 5

Founder: Mike and Mandy Reiszer

Ruling year: 2014

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2020


Purpose

We work in impoverished areas to provide an orphan's six basic needs (clean water, proper food, healthcare, education, job skills, and a Christ-centered loving home) and to see hope returned to children, families, and communities across nations.


Mission statement

Our mission is to bring the "luv" of Jesus to orphans around the world.


Statement of faith

We believe the Bible is the inspired, infallible, authoritative Word of God.

We believe that there is one God revealed in three persons: Father, Son and the Holy Spirit.

We believe in the deity of our Lord, Jesus Christ. The scripture declares His virgin birth; His sinless life; His miracles; His substitutionary death on the cross; His bodily resurrection from the dead; and His ascension to the right hand of God.

We believe that sin separated man from God and left him in a fallen or sinful nature.

We believe that for the salvation of lost and sinful man, being born again is absolutely essential and that the only means of salvation is Jesus Christ.

We believe that the Holy Spirit is presently active and at work in the lives of believers enabling them to live a godly life.

We believe in the resurrection of both the saved and the lost; those who are saved will receive eternal life and those who are lost will receive eternal death.

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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating994 of 999118 of 118
Fund acquisition rating943 of 1001111 of 118
Resource allocation rating924 of 1001114 of 118
Asset utilization rating961 of 999116 of 118

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%32%26%1%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%12%11%1%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%37%41%77%83%77%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%11%12%1%0%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%63%59%23%17%23%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%69%67%91%90%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%106%89%96%88%85%
Program output ratio Program output ratio =
Program services /
Total revenue
79%72%59%87%79%71%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-6%11%4%12%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-6%14%6%15%19%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%20%21%8%10%15%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.310.910.931.231.081.10
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.289.0110.1722.975.104.77
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.878.169.4528.285.505.26
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
20.817.374.903.510.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.140.200.280.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.621.271.010.302.182.28
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%19%18%15%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%17%16%13%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
68%89%88%69%92%90%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$174,822$187,425$69,255$254,022$209,542
Receivables, inventories, prepaids$20,717$4,980$0$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$195,539$192,405$69,255$254,022$209,542
Long-term investments$0$0$0$0$0
Fixed assets$1,547,994$1,702,945$1,428,155$1,031,226$753,488
Other long-term assets$18,159$60,535$93,680$9,051$36,282
Total long-term assets$1,566,153$1,763,480$1,521,835$1,040,277$789,770
Total assets$1,761,692$1,955,885$1,591,090$1,294,299$999,312
 
Liabilities20192018201720162015
Payables and accrued expenses$26,515$39,228$19,720$0$0
Other current liabilities$0$0$0$0$0
Total current liabilities$26,515$39,228$19,720$0$0
Debt$307,104$317,609$207,853$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1,364$968$3,691$2,874$2,229
Total long-term liabilities$308,468$318,577$211,544$2,874$2,229
Total liabilities$334,983$357,805$231,264$2,874$2,229
 
Net assets20192018201720162015
Without donor restrictions$1,426,709$1,586,080$1,356,169$1,272,503$995,374
With donor restrictions$0$12,000$3,657$18,922$1,709
Net assets$1,426,709$1,598,080$1,359,826$1,291,425$997,083
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$555,334$839,285$1,567,793$1,324,445$990,683
Program service revenue$946,401$1,236,348$487,459$233,936$218,476
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$10,292($27,228)($12,859)$31,884$82,310
Total other revenue$956,693$1,209,120$474,600$265,820$300,786
Total revenue$1,512,027$2,048,405$2,042,393$1,590,265$1,291,469
 
Expenses20192018201720162015
Program services$1,095,057$1,216,063$1,784,693$1,256,602$921,581
Management and general$320,226$383,205$162,759$139,300$166,958
Fundraising$180,085$219,226$11,276$1,059$14,019
Total expenses$1,595,368$1,818,494$1,958,728$1,396,961$1,102,558
 
Change in net assets20192018201720162015
Surplus (deficit)($83,341)$229,911$83,665$193,304$188,911
Other changes in net assets$0$0$0$0$0
Total change in net assets($83,341)$229,911$83,665$193,304$188,911

Compensation

NameTitleCompensation
Mike ReisznerPresident$85,917

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/25/2021. To update the information below, please email: info@ministrywatch.com


History

Mike and Mandy Reiszner, the founders of Coreluv International, have dedicated their lives to ministry. After completing their Bible school training, while still in their early twenties, they served as missionaries with an inner-city ministry in Houston's Fourth Ward. There, they were able to minister to some of the poorest people in the city. For 10 years after, Mike and Mandy served as youth pastors discipling young men and women to pursue a personal and meaningful relationship with Jesus Christ. Mike and Mandy built a youth ministry that was exciting and relevant, while always staying true to biblical principles.

In 2009, God began stirring in Mike's and Mandy's hearts a deep compassion for orphans and that is when Coreluv International was born. Almost immediately, Mike and Mandy began scheduling Christian concerts to raise money for an orphanage in Africa. It was a surprise to many of their friends when in 2011, Mike walked away from the American ministry ideal (a secure position in a vibrant and growing church) in order to follow God's inner stirring to defend the orphan on a full-time basis.

Since June 2011, Coreluv International has grown from an idea to a nationally recognized non-profit organization that provides life-saving care to orphans in Haiti. Mike and Mandy are living their dream with their three children, John-Michael, Bethany, Christian, and will soon be adding Mylove, a Haitian orphan they are in the process of adopting.


Program accomplishments


Needs