Coreluv International 
The information on this page was last updated 5/26/2022. If you see errors or omissions, please email: [email protected]
Summary
We partner with communities and orphanages around the world. We work directly with children who have lost one or both of their parents and often lost all hope. A top priority at Coreluv is to provide each of our kids with a loving home!
Contact information
Mailing address:
Coreluv International
502 W. Montgomery Street
Suite 411
Willis, TX 77378
Website: coreluv.org
Phone: 832-857-0588
Email: [email protected]
Organization details
EIN: 270846609
CEO/President: Mike Reiszner
Chairman: Mike Reiszner
Board size: 5
Founder: Mike and Mandy Reiszer
Ruling year: 2014
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2020
Purpose
We work in impoverished areas to provide an orphan's six basic needs (clean water, proper food, healthcare, education, job skills, and a Christ-centered loving home) and to see hope returned to children, families, and communities across nations.
Mission statement
Our mission is to bring the "luv" of Jesus to orphans around the world.
We do this by partnering with communities around the world. We work in impoverished areas to provide an orphan's six basic needs (clean water, proper food, healthcare, education, job skills, and a Christ-centered loving home) and to see hope returned to children, families, and communities across nations.
Statement of faith
We believe the Bible is the inspired, infallible, authoritative Word of God.
We believe that there is one God revealed in three persons: Father, Son and the Holy Spirit.
We believe in the deity of our Lord, Jesus Christ. The scripture declares His virgin birth; His sinless life; His miracles; His substitutionary death on the cross; His bodily resurrection from the dead; and His ascension to the right hand of God.
We believe that sin separated man from God and left him in a fallen or sinful nature.
We believe that for the salvation of lost and sinful man, being born again is absolutely essential and that the only means of salvation is Jesus Christ.
We believe that the Holy Spirit is presently active and at work in the lives of believers enabling them to live a godly life.
We believe in the resurrection of both the saved and the lost; those who are saved will receive eternal life and those who are lost will receive eternal death.
We believe in the spiritual unity of believers in our Lord Jesus Christ.
Donor confidence score
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 | | 1031 of 1033 | 124 of 124 |
| Fund acquisition rating | | 995 of 1035 | 117 of 124 |
| Resource allocation rating | | 971 of 1035 | 120 of 124 |
| Asset utilization rating | | 984 of 1033 | 123 of 124 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 32% | 26% | 1% | 0% | 1% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 12% | 11% | 1% | 0% | 1% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 37% | 41% | 77% | 83% | 77% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 11% | 12% | 1% | 0% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 63% | 59% | 23% | 17% | 23% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 69% | 67% | 91% | 90% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 106% | 89% | 96% | 88% | 85% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 72% | 59% | 87% | 79% | 71% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | -6% | 11% | 4% | 12% | 15% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 11% | -6% | 14% | 6% | 15% | 19% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 20% | 21% | 8% | 10% | 15% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.17 | 0.91 | 0.93 | 1.23 | 1.08 | 1.10 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.29 | 9.01 | 10.17 | 22.97 | 5.10 | 4.77 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.63 | 8.16 | 9.45 | 28.28 | 5.50 | 5.26 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 20.98 | 7.37 | 4.90 | 3.51 | 0.00 | 0.00 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.14 | 0.20 | 0.28 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.70 | 1.27 | 1.01 | 0.30 | 2.18 | 2.28 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 19% | 18% | 15% | 0% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 17% | 16% | 13% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 77% | 89% | 88% | 69% | 92% | 90% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $174,822 | $187,425 | $69,255 | $254,022 | $209,542 |
| Receivables, inventories, prepaids | $20,717 | $4,980 | $0 | $0 | $0 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $195,539 | $192,405 | $69,255 | $254,022 | $209,542 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,547,994 | $1,702,945 | $1,428,155 | $1,031,226 | $753,488 |
| Other long-term assets | $18,159 | $60,535 | $93,680 | $9,051 | $36,282 |
| Total long-term assets | $1,566,153 | $1,763,480 | $1,521,835 | $1,040,277 | $789,770 |
| Total assets | $1,761,692 | $1,955,885 | $1,591,090 | $1,294,299 | $999,312 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $26,515 | $39,228 | $19,720 | $0 | $0 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $26,515 | $39,228 | $19,720 | $0 | $0 |
| Debt | $307,104 | $317,609 | $207,853 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1,364 | $968 | $3,691 | $2,874 | $2,229 |
| Total long-term liabilities | $308,468 | $318,577 | $211,544 | $2,874 | $2,229 |
| Total liabilities | $334,983 | $357,805 | $231,264 | $2,874 | $2,229 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Without donor restrictions | $1,426,709 | $1,586,080 | $1,356,169 | $1,272,503 | $995,374 |
| With donor restrictions | $0 | $12,000 | $3,657 | $18,922 | $1,709 |
| Net assets | $1,426,709 | $1,598,080 | $1,359,826 | $1,291,425 | $997,083 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $555,334 | $839,285 | $1,567,793 | $1,324,445 | $990,683 |
| Program service revenue | $946,401 | $1,236,348 | $487,459 | $233,936 | $218,476 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $10,292 | ($27,228) | ($12,859) | $31,884 | $82,310 |
| Total other revenue | $956,693 | $1,209,120 | $474,600 | $265,820 | $300,786 |
| Total revenue | $1,512,027 | $2,048,405 | $2,042,393 | $1,590,265 | $1,291,469 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $1,095,057 | $1,216,063 | $1,784,693 | $1,256,602 | $921,581 |
| Management and general | $320,226 | $383,205 | $162,759 | $139,300 | $166,958 |
| Fundraising | $180,085 | $219,226 | $11,276 | $1,059 | $14,019 |
| Total expenses | $1,595,368 | $1,818,494 | $1,958,728 | $1,396,961 | $1,102,558 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | ($83,341) | $229,911 | $83,665 | $193,304 | $188,911 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($83,341) | $229,911 | $83,665 | $193,304 | $188,911 |
Compensation
| Name | Title | Compensation |
| Mike Reiszner | President | $85,917 |
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 5/26/2022. To update the information below, please email: [email protected]
History
Mike and Mandy Reiszner, the founders of Coreluv International, have dedicated their lives to ministry. After completing their Bible school training, while still in their early twenties, they served as missionaries with an inner-city ministry in Houston's Fourth Ward. There, they were able to minister to some of the poorest people in the city. For 10 years after, Mike and Mandy served as youth pastors discipling young men and women to pursue a personal and meaningful relationship with Jesus Christ. Mike and Mandy built a youth ministry that was exciting and relevant, while always staying true to biblical principles.
In 2009, God began stirring in Mike's and Mandy's hearts a deep compassion for orphans and that is when Coreluv International was born. Almost immediately, Mike and Mandy began scheduling Christian concerts to raise money for an orphanage in Africa. It was a surprise to many of their friends when in 2011, Mike walked away from the American ministry ideal (a secure position in a vibrant and growing church) in order to follow God's inner stirring to defend the orphan on a full-time basis.
Since June 2011, Coreluv International has grown from an idea to a nationally recognized non-profit organization that provides life-saving care to orphans in Haiti. Mike and Mandy are living their dream with their three children, John-Michael, Bethany, Christian, and will soon be adding Mylove, a Haitian orphan they are in the process of adopting.