With Open Eyes Foundation 
The information on this page was last updated 3/27/2023. If you see errors or omissions, please email: [email protected]
Summary
3 billion people still haven't heard about Jesus.
You can introduce someone to Jesus by equipping local leaders to share the Gospel message, start new communities of believers, and care for those in need.
Contact information
Mailing address:
With Open Eyes Foundation
PO BOX 4164
Wheaton, IL 60189
Website: openeyes.net
Phone: 704.442.7117
Email: [email protected]
Organization details
EIN: 262753084
CEO/President: Denny Mathews
Chairman: Frank Harrison
Board size: 8
Founder: James Harrison
Ruling year: 2009
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2013
Purpose
We exist to accelerate the Gospel of Jesus Christ to the unreached and underserved.
Mission statement
Open Eyes equips local leaders called Mobile Messengers for Evangelism, Church Planting, and Relief & Development.
Statement of faith
We Believe...
...in the Holy Scriptures as originally given by God, divinely inspired, infallible, entirely trustworthy; and the supreme authority in all matters of faith and conduct...
One God, eternally existent in three persons, Father, Son, and Holy Spirit...
Our Lord Jesus Christ, God manifest in the flesh, His virgin birth, His sinless human life, His divine miracles, His vicarious and atoning death, His bodily resurrection, His ascension, His mediatorial work, and His Personal return in power and glory...
The Salvation of lost and sinful man through the shed blood of the Lord Jesus Christ by faith apart from works, and regeneration by the Holy Spirit...
The Holy Spirit, by whose indwelling the believer is enabled to live a holy life, to witness and work for the Lord Jesus Christ...
The Unity of the Spirit of all true believers, the Church, the Body of Christ...
The Resurrection of both the saved and the lost; they that are saved unto the resurrection of life, they that are lost unto the resurrection of damnation.
In addition to our Statement of Faith, we affirm the Lausanne Covenant (1974) and look to it for wisdom and guidance in our faith and practice.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Evangelism
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 846 of 1115 | 35 of 48 |
| Fund acquisition rating | | 415 of 1116 | 18 of 48 |
| Resource allocation rating | | 910 of 1116 | 42 of 48 |
| Asset utilization rating | | 841 of 1115 | 32 of 48 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 6% | 7% | 8% | 16% | 30% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 7% | 6% | 6% | 8% | 10% | 18% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 97% | 102% | 96% | 101% | 62% | 62% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 7% | 11% | 16% | 20% | 13% | 27% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 3% | -2% | 4% | -1% | 38% | 38% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 66% | 64% | 57% | 75% | 49% |
Spending ratio Spending ratio = Total expenses / Total revenue | 99% | 56% | 40% | 41% | 73% | 69% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 37% | 26% | 23% | 55% | 34% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 1% | 44% | 60% | 59% | 27% | 31% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 1% | 24% | 35% | 35% | 25% | 31% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 23% | 20% | 23% | 11% | 24% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.06 | 0.30 | 0.23 | 0.24 | 0.66 | 0.66 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.55 | 1.03 | 1.04 | 1.00 | 1.00 | 1.00 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.15 | 0.31 | 0.24 | 0.24 | 0.66 | 0.66 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 11.28 | 153.07 | 166.61 | 170.05 | 57.10 | 14.02 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.09 | 0.01 | 0.01 | 0.01 | 0.02 | 0.07 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.98 | 38.33 | 49.58 | 49.28 | 17.79 | 16.82 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 1% | 1% | 1% | 2% | 6% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 78% | 330% | 429% | 411% | 148% | 141% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $1,270,193 | $988,844 | $1,638,222 | $2,091,440 | $1,632,836 |
| Receivables, inventories, prepaids | $268,722 | $22,633 | $27,467 | $75,306 | $78,008 |
| Short-term investments | $4,978,045 | $4,549,196 | $1,886,911 | $4 | $4,271 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6,516,960 | $5,560,673 | $3,552,600 | $2,166,750 | $1,715,115 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $210,283 | $213,861 | $1,383 | $1,221 | $1,833 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $210,283 | $213,861 | $1,383 | $1,221 | $1,833 |
| Total assets | $6,727,243 | $5,774,534 | $3,553,983 | $2,167,971 | $1,716,948 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $42,575 | $33,376 | $20,891 | $2,058 | $17,349 |
| Other current liabilities | $0 | $0 | $0 | $35,887 | $104,967 |
| Total current liabilities | $42,575 | $33,376 | $20,891 | $37,945 | $122,316 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $1,095 | ($11,039) |
| Total long-term liabilities | $0 | $0 | $0 | $1,095 | ($11,039) |
| Total liabilities | $42,575 | $33,376 | $20,891 | $39,040 | $111,277 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $5,625,238 | $5,213,747 | $3,505,077 | $2,032,841 | $1,506,973 |
| With donor restrictions | $1,059,430 | $527,411 | $28,015 | $96,090 | $98,698 |
| Net assets | $6,684,668 | $5,741,158 | $3,533,092 | $2,128,931 | $1,605,671 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $3,706,046 | $3,187,104 | $2,116,283 | $1,209,540 | $1,009,130 |
| Program service revenue | $0 | $0 | $0 | $749,061 | $625,075 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | ($21,364) | $218,833 | $23,484 | $870 | $888 |
| Other revenue | ($60,359) | ($76,416) | ($44,659) | $0 | $4,028 |
| Total other revenue | ($81,723) | $142,417 | ($21,175) | $749,931 | $629,991 |
| Total revenue | $3,624,323 | $3,329,521 | $2,095,108 | $1,959,471 | $1,639,121 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $1,342,949 | $859,729 | $488,964 | $1,081,202 | $562,476 |
| Management and general | $467,487 | $263,365 | $198,496 | $162,001 | $270,913 |
| Fundraising | $216,388 | $214,817 | $172,583 | $193,008 | $303,034 |
| Total expenses | $2,026,824 | $1,337,911 | $860,043 | $1,436,211 | $1,136,423 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $1,597,499 | $1,991,610 | $1,235,065 | $523,260 | $502,698 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,597,499 | $1,991,610 | $1,235,065 | $523,260 | $502,698 |
Compensation
| Name | Title | Compensation |
| Denny Mathews | President | $223,839 |
Compensation data as of: 12/31/2022
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 3/27/2023. To update the information below, please email: [email protected]
History
For a timeline, visit: https://openeyes.net/about/
Program accomplishments
By the year 2030, we aim to achieve...
10,000 Mobile Messengers trained, equipped, and working in the field
10,000 communities transformed by evangelism, church planting, and relief & development
1,000,000 new followers of Jesus every year