With Open Eyes Foundation

The information on this page was last updated 12/3/2024. 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: Frank and 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

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating966 of 111840 of 50
Fund acquisition rating900 of 111940 of 50
Resource allocation rating773 of 111937 of 50
Asset utilization rating785 of 111833 of 50

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%11%6%7%8%16%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%11%6%6%8%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
97%97%102%96%101%62%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%13%11%16%20%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
3%3%-2%4%-1%38%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%76%66%64%57%75%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%80%56%40%41%73%
Program output ratio Program output ratio =
Program services /
Total revenue
78%60%37%26%23%55%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%20%44%60%59%27%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%13%24%35%35%25%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%11%23%20%23%11%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.110.500.300.230.240.66
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.521.021.031.041.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.200.510.310.240.240.66
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.90144.70153.07166.61170.0557.10
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.010.010.010.010.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.6523.3138.3349.5849.2817.79
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%1%1%1%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
81%198%330%429%411%148%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,486,912$1,270,193$988,844$1,638,222$2,091,440
Receivables, inventories, prepaids$37,120$268,722$22,633$27,467$75,306
Short-term investments$6,756,486$4,978,045$4,549,196$1,886,911$4
Other current assets$0$0$0$0$0
Total current assets$8,280,518$6,516,960$5,560,673$3,552,600$2,166,750
Long-term investments$0$0$0$0$0
Fixed assets$176,507$210,283$213,861$1,383$1,221
Other long-term assets$0$0$0$0$0
Total long-term assets$176,507$210,283$213,861$1,383$1,221
Total assets$8,457,025$6,727,243$5,774,534$3,553,983$2,167,971
 
Liabilities20232022202120202019
Payables and accrued expenses$57,225$42,575$33,376$20,891$2,058
Other current liabilities$0$0$0$0$35,887
Total current liabilities$57,225$42,575$33,376$20,891$37,945
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$1,095
Total long-term liabilities$0$0$0$0$1,095
Total liabilities$57,225$42,575$33,376$20,891$39,040
 
Net assets20232022202120202019
Without donor restrictions$7,623,465$5,625,238$5,213,747$3,505,077$2,032,841
With donor restrictions$776,335$1,059,430$527,411$28,015$96,090
Net assets$8,399,800$6,684,668$5,741,158$3,533,092$2,128,931
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$5,155,327$3,706,046$3,187,104$2,116,283$1,209,540
Program service revenue$0$0$0$0$749,061
Membership dues$0$0$0$0$0
Investment income$170,120($21,364)$218,833$23,484$870
Other revenue($17,152)($60,359)($76,416)($44,659)$0
Total other revenue$152,968($81,723)$142,417($21,175)$749,931
Total revenue$5,308,295$3,624,323$3,329,521$2,095,108$1,959,471
 
Expenses20232022202120202019
Program services$3,197,446$1,342,949$859,729$488,964$1,081,202
Management and general$476,707$467,487$263,365$198,496$162,001
Fundraising$559,903$216,388$214,817$172,583$193,008
Total expenses$4,234,056$2,026,824$1,337,911$860,043$1,436,211
 
Change in net assets20232022202120202019
Surplus (deficit)$1,074,239$1,597,499$1,991,610$1,235,065$523,260
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,074,239$1,597,499$1,991,610$1,235,065$523,260

Compensation

NameTitleCompensation
Denny MathewsPresident$240,325
Alex LimCOO$214,076

Compensation data as of: 12/31/2023

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 12/3/2024. 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

Needs

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