Children of Promise International

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

Mailing address:
6844 Loop Road
Centerville, OH 45459-2159

Website: www.promise.org

Phone: (937) 436-5397

Email: info@promise.org


Organization details

EIN: 431027276

CEO/President: Mr. Robert Egimann

Chairman: Gerald O. Tansky

Board size: 4

Founder: Reverend Linn Haitz

Year founded: 1973

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1983


Purpose

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

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.

Statement of faith

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.

Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating38 of 4306 of 78
Fund acquisition rating10 of 4303 of 78
Resource allocation rating17 of 4302 of 78
Asset utilization rating199 of 43033 of 78

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%0%0%0%0%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%0%0%0%0%0%
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%0%0%0%0%0%
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
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%98%98%98%99%98%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%93%101%95%103%87%
Program output ratio Program output ratio =
Program services /
Total revenue
81%91%100%94%102%86%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%7%-1%5%-3%13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%10%-2%9%-7%29%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%2%2%2%1%2%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.321.331.741.782.281.96
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.531.331.741.782.281.96
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.100.0024183.400.000.000.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.000.000.000.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.069.036.906.735.266.11
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%0%0%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%75%58%56%44%51%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$674,404$604,585$617,911$563,618$601,217
Receivables, inventories, prepaids$0$0$0$683$0
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$674,404$604,585$617,911$564,301$601,217
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$0$0$0$0$0
Total assets$674,404$604,585$617,911$564,301$601,217
 
Liabilities20182017201620152014
Payables and accrued expenses$0$25$0$0$0
Other current liabilities$0$0$0$0$0
Total current liabilities$0$25$0$0$0
Debt$0$0$0$0$0
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$0
Total liabilities$0$25$0$0$0
 
Net assets20182017201620152014
Unrestricted$256,165$221,422$207,612$184,829$145,375
Temporarily restricted$418,239$383,138$410,299$379,472$455,842
Permanently restricted$0$0$0$0$0
Net assets$674,404$604,560$617,911$564,301$601,217
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$961,800$1,034,215$1,151,492$1,248,415$1,357,335
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$4,045$3,792$3,337$1,001$48
Other revenue$0$0$0$0$0
Total other revenue$4,045$3,792$3,337$1,001$48
Total revenue$965,845$1,038,007$1,154,829$1,249,416$1,357,383
 
Expenses20182017201620152014
Program services$876,976$1,032,922$1,081,838$1,268,605$1,161,359
Management and general$19,025$18,436$19,381$17,727$19,029
Fundraising$0$0$0$0$0
Total expenses$896,001$1,051,358$1,101,219$1,286,332$1,180,388
 
Change in net assets20182017201620152014
Surplus (deficit)$69,844($13,351)$53,610($36,916)$176,995
Other changes in net assets$0$0$0$0$0
Total change in net assets$69,844($13,351)$53,610($36,916)$176,995

Response from ministry

No response has been provided by this ministry.


History

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.


Program accomplishments

  • Children of Promise through partnerships, has established and/or supported over 150 children's homes for orphaned and destitute children in 19 nations.
  • The nations where they support homes include Cambodia, Costa Rica, D.R. Congo, Guatemala, Haiti, India, Mexico, Moldova, Nicaragua, 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.
  • Fifteen orphaned, abandoned, and destitute teenage boys receive 24-hour care in a children's home in Kinshasa, D.R. Congo.

Needs