First Love International Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/21/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

First Love is a non-denominational mission agency founded for the purpose of bringing love and hope to people residing in impoverished regions of the world.


Contact information

Mailing address:
First Love International Ministries
PO Box 15836
Loves Park, IL 61132

Website: firstloveinternational.com

Phone: 815-229-3065

Email: office@firstloveim.org


Organization details

EIN: 364423774

CEO/President: Dr. Tom Clinton

Chairman: Steven Johnson

Board size: 8

Founder: Dr. Tom Clinton

Ruling year: 2001

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2002


Purpose


Mission statement


Statement of faith

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating58 of 99912 of 118
Fund acquisition rating148 of 100120 of 118
Resource allocation rating99 of 100117 of 118
Asset utilization rating273 of 99937 of 118

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%1%1%1%1%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%1%1%1%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%99%99%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%2%1%1%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%1%1%0%0%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%92%94%92%93%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%96%105%101%101%98%
Program output ratio Program output ratio =
Program services /
Total revenue
79%88%98%93%94%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%4%-5%-1%-1%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%8%-11%-2%-1%4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%7%5%7%5%5%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.311.942.342.011.931.93
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.141.451.421.501.44
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.872.223.402.862.912.79
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
20.810.00199.54449.590.0028.53
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.000.010.000.000.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.625.403.514.184.134.15
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%0%0%0%0%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%1%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
68%51%42%50%52%50%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$1,227,322$793,902$957,616$902,067$1,051,127
Receivables, inventories, prepaids$10,786$37,146$26,160$42,216$9,693
Short-term investments$281,650$281,396$275,065$262,584$249,253
Other current assets$0$0$0$0$0
Total current assets$1,519,758$1,112,444$1,258,841$1,206,867$1,310,073
Long-term investments$82,221$82,221$82,221$82,221$83,638
Fixed assets$137,278$139,296$148,982$178,766$215,066
Other long-term assets$100$279,867$301,459$347,667$282,935
Total long-term assets$219,599$501,384$532,662$608,654$581,639
Total assets$1,739,357$1,613,828$1,791,503$1,815,521$1,891,712
 
Liabilities20202019201820172016
Payables and accrued expenses$0$5,575$2,800$0$45,914
Other current liabilities$0$0$0$0$0
Total current liabilities$0$5,575$2,800$0$45,914
Debt$0$0$0$0$19,773
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$19,773
Total liabilities$0$5,575$2,800$0$65,687
 
Net assets20202019201820172016
Without donor restrictions$1,739,357$1,608,253$1,788,703$1,815,521$1,826,025
With donor restrictions$0$0$0$0$0
Net assets$1,739,357$1,608,253$1,788,703$1,815,521$1,826,025
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,483,750$3,581,928$3,563,088$3,473,696$3,710,123
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$33,285$23,537$8,186$9,040$6,165
Other revenue$0$0$809$4,192$100
Total other revenue$33,285$23,537$8,995$13,232$6,265
Total revenue$3,517,035$3,605,465$3,572,083$3,486,928$3,716,388
 
Expenses20202019201820172016
Program services$3,095,989$3,544,518$3,331,342$3,267,132$3,447,774
Management and general$232,269$200,617$235,374$190,082$173,452
Fundraising$51,465$39,103$35,111$48,762$29,893
Total expenses$3,379,723$3,784,238$3,601,827$3,505,976$3,651,119
 
Change in net assets20202019201820172016
Surplus (deficit)$137,312($178,773)($29,744)($19,048)$65,269
Other changes in net assets$0$0$0$0$0
Total change in net assets$137,312($178,773)($29,744)($19,048)$65,269

Compensation

NameTitleCompensation
Dr Thomas ClintonExecutive Di$104,284

Compensation data as of: 6/30/2020


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 11/21/2021. To update the information below, please email: info@ministrywatch.com


History

This is our story. I, like many in the church today, have been a very active follower of Christ and faithful church attender most of my life. I've read and studied my Bible for years, earned divinity and theology degrees, and served as a Sunday School teacher and on many church boards. I've been a Youth for Christ director, local church pastor, and overseas mission leader and yet, over the years, I felt that something was missing. I had an anxiousness in my heart that could only be relieved by busyness and change. I sensed that there had to be something more to the Christian life, but I just couldn't put my finger on what it was.

Several years ago after I had just returned from an overseas trip to India, I began meditating on the Lord's words which He gave to the Apostle John to write to the church at Ephesus, as recorded in Revelation chapter 2. I remember feeling burdened by the reproof these believers had received. Because even though they worked hard, did many good deeds, were very ministry minded, had their theology straight, and persevered under tribulation, the Lord told them they still lacked one thing...They had forsaken their first love.

This caused me to ask myself, "What was it that caused the loss of this group of believer's initial passion for Christ?" My search for answers lead me to the words of Jesus as recorded in Matthew's gospel chapter 24 verse 12: Because of the increase of evil, the love of most will grow cold.

This verse challenged me, because I immediately knew that evil...and its by-products of wickedness and worldliness in my own life, were serving as a barricade to my intimacy with the Savior.

I began to realize that the something more that I had been looking for wasn't something that I needed to "get" but something that I needed to "give". I needed to give Jesus all of my heart, soul, mind and strength and seek to make Him the #1 object of my attention and affection in all facets of my life.

A.W. Tozer once said: The difference between believers today and the saints of old, is that when they felt the upward nudge of God, they did something about it.

In my response to a sensed call of God on my life and in my desire to "Do something" with my love for the Savior, I determined that if I ever founded a mission agency I would call it First Love. Seven years later the time was right and First Love International Ministries was born in February 2001 as a ministry of Exhortation...calling believers back to their First Love, Evangelization...introducing the lost to the One who loved them first, and Education...teaching them all that Christ has commanded.

And now, 20 years later, God has allowed us to grow from a two person "ma and pa" organization, to a staff of over 350 full-time missionaries and national staff members serving in 14 countries around the world. But we don't want to stop there...many doors are opening before us and it is our prayer that like-minded people would sense that tug of God to join with us as together we seek to reach out in love to those Jesus called...The least of these.

After forty years of ministry and twenty years as the president of First Love International Ministries, Tom Clinton, along with his wife Linda, believes God has led him to pass the torch to a new leader. Tom and Linda plan to continue with First Love as missionaries and advisors to the incoming president. When First Love began, Tom carefully chose Galatians 5:6 which says, "The only thing that counts is faith expressing itself through love," as the theme behind the efforts to bring God's love to those Jesus called "the least of these." First Love continues to thrive and expand as new missionaries, countries and ministries are added each year. Most importantly, the lives of thousands of men, women and children across the globe are impacted with the love of Jesus each day. We trust God will provide the right person to serve as the new president and lead First Love International Ministries into the next chapter of our story.

Testimony from Dr. Tom Clinton


Program accomplishments


Needs