LATCOM

Summary

LATCOM is a unique mission that seeks to spread the Gospel in Bolivia and across Latin America by training, equipping, and motivating people within their own countries to become Christian leaders.

While many missions are rooted in and operate via the United States alone, LATCOM takes a different approach. We believe that by inspiring and empowering people from the countries where we work to become leaders, more people in Latin America will come to know Jesus Christ as Lord and Savior.

Since 1984, LATCOM has pioneered ministries in Bolivia and beyond. Because of our Bolivian mission partners, we are seen in the country as a Bolivian organization, rather than a "foreign mission." Having built a rich tradition over the past several decades, we have now ministered in over 15 Spanish-speaking countries and have begun training indigenous leaders to reach the 400 tribal groups of the Amazon Basin.

LATCOM is a nonprofit organization. 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

Mailing address:
4133 Ellwood Road
New Castle, PA 16101-6101

Website: www.latcom.org

Phone: (724) 924-9070

Email: home1@latcom.org


Organization details

EIN: 330072964

CEO/President: Rev. Tim Ramsey

Chairman: Mr. David Drake

Board size: 7

Founder: Dr. Charles Ramsey

Year founded: 1984

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1995


Purpose

Our vision is to transform Latin America through leadership outreach to indigenous communities, to the Church, and to the secular world by training, equipping, and inspiring followers of Christ to serve in the places where they can make an impact.

Leadership Training - Equipping Leaders

In the developing world, 95% of pastors are bi-vocational and non-professional. While they are respected in their communities, church leaders lack training on how to manage money, people, and power. They also need to learn how to apply a biblical worldview in the public arena. LATCOM provides this additional training so pastors and Christian leaders can truly make a difference in their communities.

LATCOM also leads an indigenous training program aimed at equipping tribal leaders with the skills and knowledge needed to lead their people with wisdom and integrity.

Monte Blanco - Empowering Tomorrow's Leaders

Purchased in 2004, Monte Blanco Camp, the former Tambo Boarding School, is nestled in the Andes mountains, approximately 70 miles west of Santa Cruz, Bolivia. Within a decade, Monte Blanco has become known as the best Christian camp in Bolivia and one of the top in Latin America. Over 6,000 campers attend Monte Blanco each year, where they learn biblical foundations and Christian principles that will result in a life of devotion and service to the Lord.

REDES - Transforming Communities The REDES Project stands for Relationship, Evangelism, Discipleship, Education, and Serving. It began in 2010 as a church planting and evangelism effort, and quickly has become a way to engage and transform communities by caring for the physical, mental, and spiritual needs of their people.


Mission statement

LATCOM's Mission Statement is:

Proclaiming Christ to Latin America through training, equipping, and motivating Christian leaders and communicators to reach their countries with the Gospel.


LATCOM's Vision Statement is:

Our goal is that every man, woman, and child, in the countries where it works, shall hear the Word of God so that they may clearly understand God's salvation plan in Jesus Christ


Statement of faith

Leadership and Communication Training in Latin America' Doctrinal Statement is:

We believe in the divine, verbal inspiration of the Holy Spirit and their authority for faith and practice in the lives of believers.

We believe in the unity of the Godhead and the Trinity of the persons therein, Father, Son and Holy Spirit.

We believe in the Deity of the Lord Jesus Christ, and that He is true God and true man.

We believe in the lost condition of man, and his individual need of salvation from sin through the mercy and grace of God, and of the eternal condemnation of the lost.

We believe in the all-sufficient, substitutionary sacrifice of our Lord Jesus Christ on the cross of Calvary to redeem the world.

We believe in the bodily resurrection of Jesus Christ.

We believe in the bodily ascension to heaven of the glorified Savior.

We believe in the personal mission of the Holy Spirit for the regeneration and sanctification of the believer.

We believe in the living church of Christ on earth as the missionary agent for the evangelization of the world.

We believe in the personal return of Lord Jesus Christ, the hope of the church.

We believe in the power and providence of God to meet our every need."

Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating387 of 43073 of 78
Fund acquisition rating417 of 43077 of 78
Resource allocation rating417 of 43078 of 78
Asset utilization rating168 of 43028 of 78

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%23%26%24%31%26%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%23%26%24%31%26%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%25%26%25%32%26%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%0%0%0%0%0%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%55%54%58%46%55%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%92%99%96%98%100%
Program output ratio Program output ratio =
Program services /
Total revenue
81%51%54%56%45%56%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%8%1%4%2%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%18%3%13%6%-1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%20%20%17%22%19%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.321.682.012.121.881.99
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.532.072.522.703.273.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.533.475.075.736.146.42
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.0919.0921.327.3010.756.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.050.050.140.090.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.073.282.261.811.771.57
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%23%29%35%38%43%
Debt ratio Debt ratio =
Debt /
Total assets
0%21%28%30%35%38%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%46%35%31%33%29%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$161,150$116,549$114,410$87,933$91,168
Receivables, inventories, prepaids$0$0$0$0$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$161,150$116,549$114,410$87,933$91,168
Long-term investments$6,241$3,922$4,338$6,259$7,941
Fixed assets$165,724$171,248$183,729$192,995$195,340
Other long-term assets$0$2,300$6,500$0$0
Total long-term assets$171,965$177,470$194,567$199,254$203,281
Total assets$333,115$294,019$308,977$287,187$294,449
 
Liabilities20172016201520142013
Payables and accrued expenses$8,440$5,466$15,680$8,182$14,741
Other current liabilities$0$0$0$0$0
Total current liabilities$8,440$5,466$15,680$8,182$14,741
Debt$69,833$81,012$91,535$101,113$111,530
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$69,833$81,012$91,535$101,113$111,530
Total liabilities$78,273$86,478$107,215$109,295$126,271
 
Net assets20172016201520142013
Unrestricted$175,916$160,741$65,938$112,502$146,479
Temporarily restricted$78,926$46,800$135,824$65,390$21,699
Permanently restricted$0$0$0$0$0
Net assets$254,842$207,541$201,762$177,892$168,178
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$603,665$596,608$684,116$549,731$581,945
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$872$73($1,552)$7$633
Other revenue$0$0$0$0$0
Total other revenue$872$73($1,552)$7$633
Total revenue$604,537$596,681$682,564$549,738$582,578
 
Expenses20172016201520142013
Program services$309,597$319,823$381,759$248,103$324,516
Management and general$110,004$115,250$112,300$120,050$111,276
Fundraising$139,327$155,440$162,044$171,368$149,285
Total expenses$558,928$590,513$656,103$539,521$585,077
 
Change in net assets20172016201520142013
Surplus (deficit)$45,609$6,168$26,461$10,217($2,499)
Other changes in net assets$0$0$0$0$0
Total change in net assets$45,609$6,168$26,461$10,217($2,499)

Response from ministry

No response has been provided by this ministry.


History

The History of LATCOM is as follows:

  • Dr. Charles Ramsey incorporated LATCOM as Latin American Professionals Outreach in California in July of 1984.
  • EPLABOL, LATCOM's counterpart in South America, began incorporation in Bolivia in September of 1984, beginning the unique model of ministry that would define LATCOM's missionary work. EPLABOL consists of a national and interdenominational board of directors who own and administer all of LATCOM's ministries in Bolivia. Our National Workers are Bolivian Christians who work for EPLABOL.
  • Radio Centenario AM and Short Wave, a secular radio station was purchased in September 1984, and Christian radio began in Santa Cruz!
  • In 1988 EPLABOL began administration of the LOGOS studio begun by Mission Communications. This permitted the mission to continue high quality production of professionally recorded Christian music, and to produce recordings of the Bible in the minority languages of Bolivia.
  • In 1991 LATCOM and EPLABOL began the Escuela de Liderazgo (School of Leadership), a program designed to train Christian leaders in professional areas (accounting, administration, time management, program planning). It also promotes seminars that concentrate on bringing in key Christian leaders from throughout the world to train and motivate the church leaders of Bolivia.
  • Through the EPLABOL board of directors COICOM (Evangelical broadcasters of Latin America) was born in 1992.
  • In November of 1998 LATCOM and EPLABOL redirected the focus of the mission toward leadership development and away from mass communication. Our focus in radio became the evangelization of the 26 minority language groups represented in Bolivia. We are doing this through our short wave radio station in conjunction with three other missions.
  • In 1999-2000 LATCOM and EPLABOL began a joint ministry to restore the village of Zapoc.
  • In October of 2000 EPLABOL began Gente De Palabra (People of Their Word) a ministry geared to presenting the Gospel to the 20% of Bolivian society that make the political and economic decisions for the nation.
  • In December, 2000 LATCOM transfers ownership and administration of VEA, a video ministry in the public and private schools of Santa Cruz, to EPLABOL. VEA reaches tens of thousands of students every year.
  • In March, 2001 LATCOM and EPLABOL begin work on La Fortaleza, a conference and retreat center in Samaipata, Bolivia. It promises to be the first Christian conference center in all of Bolivia.
  • In 2003, the Lord continues to open doors to present the Gospel of Jesus Christ in areas and places previous closed to other ministries, particularly to business, government, police, and military leaders.

Program accomplishments

LATCOM expresses the following program accomplishments:

  • LATCOM's leadership seminars are being held for community leaders in more than 120 villages and towns, and they have been invited to reach even more.
  • LATCOM's public school ministry has allowed them to touch the lives of over 62,000 youth last year.
  • LATCOM is beginning a pilot program presenting Character First material to the elementary students in the city of La Guardia. They hope that with the success of the program they can present it to the Minister of Education and have the curriculum adopted nationally.
  • In 2003 LATCOM held the first national Bolivian youth leaders conference. The second conference will be held in 2005.
  • In April, EPLABOL (LATCOM's Bolivian Board) begins training over 500 elementary teachers in the city of La Guardia, near Santa Cruz.
  • LATCOM is seeking the possibility of a post-graduate accredited program on leadership to be taught through their National School of Leadership in Bolivia.

Needs

LATCOM is in need of funds for the following:

  • The Camp at Tambo - the LATCOM camp and conference center
  • Character and leadership seminars
  • The VEA video ministry that reaches 62,000 children a year.
  • Homes for eighteen families in the village of Zapoc