ORPHANetwork 
The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/16/2020. To update the information in this column, please email: info@ministrywatch.com
Summary
ORPHANetwork rescues abandoned, abused, and orphaned children, and prevents vulnerable children from becoming abandoned through the local Nicaraguan church.
Contact information
Mailing address:
ORPHANetwork
2624 Southern Blvd
Suite 202
Virginia Beach, VA 23452
Website: orphanetwork.org
Phone: 757-333-7200
Email: info@orphanetwork.org
Organization details
EIN: 541983817
CEO/President: Dick Anderson
Chairman: Ted Willie
Board size: 10
Founder:
Year founded: 2002
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2004
Purpose
Vision: Each vulnerable and orphaned child would be raised to their God-given potential.
Mission statement
Our mission is to: Rescue abandoned, abused and orphaned children. Prevent vulnerable children from being abandoned. Create opportunities for new life. Share Christ with everyone.
Statement of faith
As a Christian organization, ORPHANetwork believes: The Bible is the inspired word of God and is the supreme authority in all matters of faith and conduct. (2 Timothy 3:16-17). There is one living sovereign God who eternally exists in three persons: Father, Son and Holy Spirit. (Rev. 1:8; Isaiah 43:10-11; Deut. 6:4; Matt. 28:19) God created people in his image and everyone matters to God. (Gen. 1:26-27; Gen. 5:1-2). Jesus was sent by the Father to live on earth; he was fully God and fully human yet had no sin. Jesus willingly laid down his life and after three days rose from the grave. In doing this Jesus fulfilled the payment for the world's debt of sin. (Luke 1:31,35; 1 Cor. 15:3; 2 Cor. 5:21). All people are sinners and need God's forgiveness. (Romans 3:23). Those who confess and turn from their sin, trusting in Jesus Christ, will be saved by grace and become children of God with the promise of eternal life. (John 3:16-17; Gal. 3:26). Jesus Christ is the head of the church and all believing people are members. (Eph. 4:15-16) The Holy Spirit was sent by the Father and Son to convict the world of sin and to empower all who believe in Jesus Christ. He lives in every believer and is a constant teacher, helper and guide. (John 14:16-17) Jesus Christ will return and there will be a final judgment. (Matt. 24:3,37)
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 297 of 817 | 35 of 99 |
| Fund acquisition rating | | 330 of 817 | 43 of 99 |
| Resource allocation rating | | 513 of 817 | 57 of 99 |
| Asset utilization rating | | 210 of 817 | 28 of 99 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 5% | 4% | 5% | 5% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 5% | 4% | 5% | 5% | 9% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 100% | 100% | 100% | 104% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 5% | 4% | 4% | 5% | 10% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 0% | 0% | 0% | -4% | 0% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 81% | 86% | 88% | 89% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 100% | 94% | 110% | 87% | 94% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 81% | 81% | 97% | 77% | 79% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 0% | 6% | -10% | 13% | 6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 1% | 15% | -26% | 30% | 18% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 13% | 10% | 8% | 6% | 6% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.47 | 2.40 | 2.12 | 2.63 | 1.99 | 2.53 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.29 | 1.06 | 1.06 | 1.03 | 1.04 | 1.04 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.19 | 2.55 | 2.24 | 2.72 | 2.06 | 2.64 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 17.27 | 27.32 | 24.44 | 27.87 | 30.31 | 27.40 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.90 | 4.53 | 5.13 | 4.25 | 5.62 | 4.39 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 3% | 4% | 3% | 3% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 62% | 40% | 45% | 37% | 49% | 38% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $1,943,016 | $1,371,920 | $988,919 | $2,450,713 | $1,792,450 |
| Receivables, inventories, prepaids | $69,712 | $401,112 | $158,190 | $225,805 | $80,178 |
| Short-term investments | $470,993 | $692,678 | $992,320 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,483,721 | $2,465,710 | $2,139,429 | $2,676,518 | $1,872,628 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $48,373 | $52,922 | $67,477 | $97,169 | $79,693 |
| Other long-term assets | $105,704 | $87,708 | $1,118 | $1,118 | $1,118 |
| Total long-term assets | $154,077 | $140,630 | $68,595 | $98,287 | $80,811 |
| Total assets | $2,637,798 | $2,606,340 | $2,208,024 | $2,774,805 | $1,953,439 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $90,927 | $100,891 | $76,778 | $88,314 | $61,447 |
| Other current liabilities | $0 | $0 | $0 | $0 | $6,898 |
| Total current liabilities | $90,927 | $100,891 | $76,778 | $88,314 | $68,345 |
| 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 | $90,927 | $100,891 | $76,778 | $88,314 | $68,345 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $0 | $590,554 | $2,112,246 | $2,686,491 | $1,885,094 |
| Temporarily restricted | $0 | $1,914,895 | $19,000 | $0 | $0 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $2,546,871 | $2,505,449 | $2,131,246 | $2,686,491 | $1,885,094 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $6,377,627 | $5,920,544 | $5,294,438 | $6,582,937 | $5,264,642 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $15,080 | $16,985 | $4,024 | $33,386 | $946 |
| Other revenue | ($26,180) | ($29,747) | ($28,466) | ($291,309) | $0 |
| Total other revenue | ($11,100) | ($12,762) | ($24,442) | ($257,923) | $946 |
| Total revenue | $6,366,527 | $5,907,782 | $5,269,996 | $6,325,014 | $5,265,588 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $5,152,435 | $4,769,273 | $5,102,971 | $4,888,558 | $4,165,675 |
| Management and general | $851,861 | $549,136 | $454,793 | $333,416 | $287,671 |
| Fundraising | $334,125 | $211,845 | $259,798 | $301,643 | $481,069 |
| Total expenses | $6,338,421 | $5,530,254 | $5,817,562 | $5,523,617 | $4,934,415 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $28,106 | $377,528 | ($547,566) | $801,397 | $331,173 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $28,106 | $377,528 | ($547,566) | $801,397 | $331,173 |
Compensation
| Name | Title | Compensation |
| Richard Anderson | Chief Executive Officer | $206,271 |
| Thomas Draper | Chief Operations Officer | $153,400 |
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 12/16/2020. To update the information below, please email: info@ministrywatch.com
History
We were started by a high school youth group who was wrecked by their visit to an orphanage in Nicaragua in the mid-90's. They went home and their lives were never the same. Led by God, they started to make a difference for the children through prayer and financial support. Thus began ORPHANetwork - a network of like-minded churches and individuals who have God's heart for social orphans. Today we have grown to reach 20,000 vulnerable and orphaned children across the country.