Far Corners Missions

Summary

Far Corners (previously World Missions Far Corners, Inc.) is a non-denominational missionary service organization which helps missionaries in the handling of their finances, the receipting of donor gifts and the mailing out of newsletters. Far Corners, Inc. is a movement of Christians from many denominations dedicated to presenting Jesus Christ personally to this generation, and to the training and equipping of believers for their part in fulfilling the Great Commission. Far Corners, Inc. supports a number of ministries spread over five continents with about two thousand individuals directly involved in some form of ministry. In the U.S. and in Canada a daily radio broadcast on select stations is heard across the nation. Far Corners, Inc. was founded by J. Leonard Bell and the late Charles W. Turner in 1958. This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law.


Contact information

Mailing address:
8401 Jacksboro Hwy, Ste. 130
Ft. Worth, TX 76135-4376

Website: www.farcornersmissions.org

Phone: (817) 237-3000

Email: roni@farcornersmissions.org


Organization details

EIN: 272467011

CEO/President: Mr. Gary Bishop

Chairman:

Board size: 9

Founder: Dr. J. Leonard Bell

Year founded: 1958

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: No

Member of ECFA since:


Purpose

Far Corners Missions (previously World Missions Far Corners, Inc.) is a non-denominational missionary service organization which helps missionaries in the handling of their finances, the receipting of donor gifts and the mailing out of newsletters. World Missions Far Corners, Inc. is a movement of Christians from many denominations dedicated to presenting Jesus Christ personally to this generation, and to the training and equipping of believers for their part in fulfilling the Great Commission. Its goal is to present the claims of Christ, care for the suffering and establish churches according to the indigenous principles of the New Testament.

World Missions Far Corners supports a number of ministries spread over five continents with about two thousand individuals directly involved in some form of ministry. WMFC provides a canopy for many missionaries and allows them to focus on missions work. Some of the programs and ministries which WMFC support, include: Chaplains ministering in U.S. penal institutions, Church planting, Day Care Centers, Film Ministries, Leper Hospital and Clinics, Literature programs, National Training Centers, Native Evangelism, Newspaper Evangelism, New Life Centers the rehabilitation of former prostitutes and their children, Rice Kitchen Ministries, River Launch Ministries, and schools for the children of Scavengers and Slum dwellers. In the U.S. and in Canada a daily radio broadcast on select stations is heard across the nation. The ministry of World Missions Far Corners, Inc. is world wide, ministering in North America, South America, the Islands of the sea, Europe and Asia.

"Far Corners" is the name of the outreaches of World Missions Far Corners, Inc. that are legally organized and recognized in third-world countries as indigenous to the country. World Missions Far Corners was founded by J. Leonard Bell and the late Charles W. Turner, and was incorporated under the State laws of California on November 6, 1958.

This organization is a nonprofit, contributions to it are fully tax deductible to the extent allowed by law.


Mission statement

Far Corners expresses its purpose statement as follows:

To be obedient to the great commission, "Go ye into all the world and preach the gospel to every creature. He that believeth and is baptized shall be saved; but he that believeth not shall be damned". (Mark 16: 15, 16) For successful evangelism: a definite and clear conception of purpose, a wisely considered plan to achieve it "To use a means to an end, but when that means has lost its effectiveness to change that means." (John Wesley) World Missions Far Corners, Inc. is a movement of Christians from many denominations dedicated to presenting Jesus Christ personally to this generation, to mobilize training and equipping of believers for their part in fulfilling the Great Commission. As Christians of God's Kingdom we are called to obey and worship our Lord, and to love and serve His Body, the Church, and to present the whole Gospel for the whole man throughout the whole world.


Statement of faith

Far Corners subscribes to the following statement of faith:

1. We believe that the Bible is the inspired, the only infallible authoritative Word of God.
2. We believe that for the salvation of lost and sinful men, belief in the Lord Jesus Christ and regeneration by the Holy Spirit is absolutely essential.
3. We believe in one God, eternally existent in three Persons: Father, Son and Holy Ghost.
4. We believe in the deity of our Lord Jesus Christ; His Virgin birth; His sinless life; His miracles; His vicarious and atoning death through His shed blood; His bodily resurrection; His ascension to the right hand of the Father; and, His personal return in power and glory.
5. We believe in the present ministry of the Holy Spirit by Whose indwelling the Christian is enable to live a godly life.
6. We believe in the forgiveness of sins, resurrection of the body, and the life everlasting.
7. We believe on the spiritual unity of believers in our Lord Jesus Christ. "

Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating327 of 42365 of 78
Fund acquisition rating221 of 42341 of 78
Resource allocation rating225 of 42341 of 78
Asset utilization rating400 of 42377 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%7%7%6%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%6%8%5%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%82%124%85%83%93%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%7%6%5%6%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%18%-24%15%17%7%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%82%86%85%84%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%87%148%103%94%96%
Program output ratio Program output ratio =
Program services /
Total revenue
81%71%127%88%79%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%13%-48%-3%6%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%8%-24%-3%5%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%11%8%10%10%11%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.300.540.731.010.853.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.547.6410.4812.195.561.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.544.097.6712.314.713.79
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.9611.105.557.4622.5015.67
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.090.180.130.040.06
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.072.671.280.842.432.97
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%2%1%1%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%184%134%98%117%25%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$66,827$38,765$38,280$144,527$165,406
Receivables, inventories, prepaids$4,027$4,027$2,000$4,385$2,500
Short-term investments$36,577$29,712$29,146$31,908$32,519
Other current assets$0$0$0$0$0
Total current assets$107,431$72,504$69,426$180,820$200,425
Long-term investments$713,605$687,539$776,596$824,989$789
Fixed assets$0$0$0$418$1,528
Other long-term assets$0$0$0$0$0
Total long-term assets$713,605$687,539$776,596$825,407$2,317
Total assets$821,036$760,043$846,022$1,006,227$202,742
 
Liabilities20172016201520142013
Payables and accrued expenses$9,678$13,071$9,304$8,036$12,792
Other current liabilities$0$0$0$0$0
Total current liabilities$9,678$13,071$9,304$8,036$12,792
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$9,678$13,071$9,304$8,036$12,792
 
Net assets20172016201520142013
Unrestricted($75,308)($186,842)($113,023)($81,683)($138,381)
Temporarily restricted$85,795$132,944$148,871$279,004$399,608
Permanently restricted$800,870$800,870$800,870$800,870$800,870
Net assets$811,358$746,972$836,718$998,191$189,950
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$412,678$464,488$701,707$746,177$732,935
Program service revenue$12,328$14,112$16,080$17,295$16,976
Membership dues$0$0$0$0$0
Investment income$79,290($103,278)$85,729$138,491$39,837
Other revenue$7$0$25,233$800$1,557
Total other revenue$91,625($89,166)$127,042$156,586$58,370
Total revenue$504,303$375,322$828,749$902,763$791,305
 
Expenses20172016201520142013
Program services$359,876$478,395$727,217$713,517$623,482
Management and general$50,056$46,461$87,117$87,883$86,941
Fundraising$29,986$31,445$40,383$50,247$48,806
Total expenses$439,918$556,301$854,717$851,647$759,229
 
Change in net assets20172016201520142013
Surplus (deficit)$64,385($180,979)($25,968)$51,116$32,076
Other changes in net assets$0$0$0$0$0
Total change in net assets$64,385($180,979)($25,968)$51,116$32,076

Response from ministry

No response has been provided by this ministry.


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

In total, over four million have responded by letter to NAME.
On average about 48 percent eating at the Rice Kitchens accept Christ.
Thousands of women have accepted Jesus Christ, and more than five hundred have married.
In an 86-month period using "The Life of Christ" film, the FILM MINISTRY reached 3,016 villages and about 347,235 individuals have responded to the invitation to accept Christ.
In India, the River Ministry (of the LAUNCHES MINISTRY) is serving 154 villages, and soon a 30-bed hospital will be erected in the midst of these tribal people. In Peru, the launch is seeking to reach 350 Indian tribes on the vast Amazon River Basin.
The LEPER MINISTRY has a hospital which has completed three wings and houses 450 to 500 patients.
WFCM has plans for a four-wing hospital for 2,000 patients, a city with 200 homes, and a beautiful chapel with their own pastor.


Needs