Far Corners Missions

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/20/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

We bring life, hope and a future to the Far Corners of the world by engaging culture, equipping people and expanding community opportunities.

This is accomplished by
ENGAGING the culture to identify basic necessities for life (clean weather, food, clothing, shelter, medicine) and provide for those needs through partnerships.
Creating hope by EQUIPPING the individual with education, life & job skills and leadership development
EXPANDING future opportunities through the creation of multi-use community centers, micro-loans, children's homes and medical clinics.


Contact information

Mailing address:
Far Corners Missions
PO Box 136309
Lake Worth, TX 76135

Website: www.farcorners.org

Phone: 800-550-0035

Email: info@farcorners.org


Organization details

EIN: 272467011

CEO/President: Mr. Gary Bishop

Chairman: Judd Vier

Board size: 9

Founder: Dr. J. Leonard Bell

Year founded: 2010

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Our vision is to see people from all walks of life, from all the corners of the world know that there is someone who cares for them and is willing to help them. As a team, we have a vision to Engage, Equip, and Expand.

We want to engage the culture, when we go to India, we don't want to just show up. We want to dive deep into the culture and learn as much as we can about their way of life.

We want to equip those we come into contact with to live the best life they can. We want to equip them with the tools and skills to get a job, to finish school, and to live a healthy life. Things like basic medical care, or health practices that come second nature to some, never cross others minds. We aim to equip this next generation to set a new standard and far exceed what the world expects of them.

We want to expand the horizons of our children. Most, if not all, children raised within an Indian society are pressured for what they do in life. Within most households, the children have about 5-6 jobs they can choose from. They are pressured to finish school, get a good job and be married to the people their parents choose all before they hit the age of 20. This amount of pressure leads to many problems. Our goal as a team is to expand the horizons for these children. To present them different opportunities to be able to give them more options and encourage them to think out of the box.


Mission statement

To bring life, light and hope to the far corners of the world.


Statement of faith

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating470 of 94052 of 105
Fund acquisition rating631 of 94268 of 105
Resource allocation rating199 of 94224 of 105
Asset utilization rating598 of 94067 of 105

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%8%8%7%7%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%7%8%6%8%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
98%93%100%82%124%85%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%7%7%6%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
2%7%0%18%-24%15%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%86%83%82%86%85%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%138%118%87%148%103%
Program output ratio Program output ratio =
Program services /
Total revenue
79%119%97%71%127%88%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-38%-18%13%-48%-3%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-24%-10%8%-24%-3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%8%11%11%8%10%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.280.870.650.540.731.01
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.271.001.007.6410.4812.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.850.870.654.097.6712.31
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.81303.90471.3911.105.557.46
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.000.000.090.180.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8613.8218.382.671.280.84
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%0%0%1%2%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
74%115%153%184%134%98%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$36,865$21,752$66,827$38,765$38,280
Receivables, inventories, prepaids$0$0$4,027$4,027$2,000
Short-term investments$599,809$692,404$36,577$29,712$29,146
Other current assets$0$0$0$0$0
Total current assets$636,674$714,156$107,431$72,504$69,426
Long-term investments$0$0$713,605$687,539$776,596
Fixed assets$0$0$0$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$0$0$713,605$687,539$776,596
Total assets$636,674$714,156$821,036$760,043$846,022
 
Liabilities20192018201720162015
Payables and accrued expenses$2,095$1,515$9,678$13,071$9,304
Other current liabilities$0$0$0$0$0
Total current liabilities$2,095$1,515$9,678$13,071$9,304
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$1$1$1$0$0
Total long-term liabilities$1$1$1$0$0
Total liabilities$2,096$1,516$9,679$13,071$9,304
 
Net assets20192018201720162015
Without donor restrictions$71,110($126,421)($75,308)($186,842)($113,023)
With donor restrictions$563,468$839,061$886,665$933,814$949,741
Net assets$634,578$712,640$811,357$746,972$836,718
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$370,686$395,157$412,678$464,488$701,707
Program service revenue$6,714$9,357$12,328$14,112$16,080
Membership dues$0$0$0$0$0
Investment income$22,806($9,357)$79,290($103,278)$85,729
Other revenue$0$0$7$0$25,233
Total other revenue$29,520$0$91,625($89,166)$127,042
Total revenue$400,206$395,157$504,303$375,322$828,749
 
Expenses20192018201720162015
Program services$475,687$384,829$359,876$478,395$727,217
Management and general$45,978$49,324$50,056$46,461$87,117
Fundraising$29,320$31,177$29,986$31,445$40,383
Total expenses$550,985$465,330$439,918$556,301$854,717
 
Change in net assets20192018201720162015
Surplus (deficit)($150,779)($70,173)$64,385($180,979)($25,968)
Other changes in net assets$0$0$0$0$0
Total change in net assets($150,779)($70,173)$64,385($180,979)($25,968)

Compensation

Compensation data for this ministry has not been collected.


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 10/20/2021. To update the information below, please email: info@ministrywatch.com


History

Far Corners was founded in 1958 by J. Leonard Bell and the late Charles W. Turner. The work initially began in Old Mexico making audio visual aides for primitive people. These visual aids were used in 45 countries. Then the ministry crop dusted the Gospel by dropping Gospels of John from low-flying airplanes. Native Evangelism began March of 1964.

In 1974 NAME was set in motion by Far Corners when it placed gospel messages in newspapers and magazines in Malaysia (with the help of AMG International). In 1976 it was developed in India, and in 1979 and 1980 over 500,000 letters came to WFCM's headquarters in India.

Far Corners set up a chain of mobile RICE KITCHENS in India in 1971. These Kitchens aspire to serve areas of disaster, crop failings, and starvation, while presenting the Gospel. OPERATION RESCUE began in 1973; its aim is to -- rescue fallen women and their children. FC has developed programs of rehabilitation and training in their New Life Centers to help these people break out of their bondage and come to know Christ. In 1974 a LEPER MINISTRY hospital was erected in Chengizkhanpet, South India, The Gladys Schumacher Memorial Leprosy Hospital.

The FILM MINISTRY in India began with a training program in July 1991. Now FC shows a series of films in a systematic effort to reach the 29,000 villages. They hope to reach all of the 600,000 villages in India. The invitation follow-ups are made through Seeker's Conferences, prayer meetings, training programs, and Services (by national pastors and Bible women).

The LAUNCHES MINISTRY is now operating in India and Peru. Each floating launch has a clinic, a doctor, and nurses. A Film Team preaches the Gospel as the medical staff attends to the physical problems of the people. FC reaches out to the SCAVENGERS and SLUM DWELLERS by providing food for the soul, schooling for the children, rice kitchens for children and adults, medical assistance, when possible, and the Gospel.

NATIONAL-NATIVE EVANGELISTS working with WFCM in many third-world countries, each week, evangelize hundreds of villagers. The national evangelists use different methods: in India use a bicycle, a lantern and a drum, in the Philippines a bicycle or a horse; in Peru a boat; in Ecuador four-wheel drive vehicles for the mountains. There are two BIBLE TRAINING centers in Mexico -- one in Coatzacoalcos, Veracruz and one in Merida, Yucatan; one in the Baguio, Philippines. One is in South India, one in Iquitos, Peru.


Program accomplishments


Needs