ORPHANetwork 
The information on this page was last updated 11/22/2022. If you see errors or omissions, please email: [email protected]
Summary
ORPHANetwork rescues abandoned, abused, and orphaned children, and prevents vulnerable children from becoming abandoned through the local Nicaraguan church.
Contact information
Mailing address:
ORPHANetwork
2624 Southern Blvd
Suite 202
Virginia Beach, VA 23452
Website: orphanetwork.org
Phone: 757-333-7200
Email: [email protected]
Organization details
EIN: 541983817
CEO/President: Bob Cleary
Chairman: Ted Willie
Board size: 8
Founder:
Ruling year: 2002
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2004
Purpose
Vision: Each vulnerable and orphaned child would be raised to their God-given potential.
Believing that the local church is the "Hope of the World," everything is done through the local church in Nicaragua. We identify successful national leaders and pastors who share our values and mission and get behind their work. We believe Nicaraguans must solve the problems of Nicaragua.
Mission statement
ORPHANetwork exists to break cycles of poverty in partnership with the local Nicaraguan church.
Together we...
RESCUE vulnerable, impoverished and at-risk children
PREVENT children from becoming social orphans
CREATE opportunities for new life
SHARE CHRIST with everyone
Statement of faith
As a Christian organization, ORPHANetwork believes:
The Bible is the inspired word of God and is the supreme authority in all matters of faith and conduct. (2 Timothy 3:16-17).
There is one living sovereign God who eternally exists in three persons: Father, Son and Holy Spirit. (Rev. 1:8; Isaiah 43:10-11; Deut. 6:4; Matt. 28:19)
God created people in his image and everyone matters to God. (Gen. 1:26-27; Gen. 5:1-2).
Jesus was sent by the Father to live on earth; he was fully God and fully human yet had no sin. Jesus willingly laid down his life and after three days rose from the grave. In doing this Jesus fulfilled the payment for the world's debt of sin. (Luke 1:31,35; 1 Cor. 15:3; 2 Cor. 5:21).
All people are sinners and need God's forgiveness. (Romans 3:23). Those who confess and turn from their sin, trusting in Jesus Christ, will be saved by grace and become children of God with the promise of eternal life. (John 3:16-17; Gal. 3:26).
Jesus Christ is the head of the church and all believing people are members. (Eph. 4:15-16)
The Holy Spirit was sent by the Father and Son to convict the world of sin and to empower all who believe in Jesus Christ. He lives in every believer and is a constant teacher, helper and guide. (John 14:16-17)
Jesus Christ will return and there will be a final judgment. (Matt. 24:3,37)
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Adoption/Foster Care
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 314 of 1076 | 13 of 34 |
| Fund acquisition rating | | 377 of 1077 | 12 of 34 |
| Resource allocation rating | | 719 of 1077 | 26 of 34 |
| Asset utilization rating | | 156 of 1076 | 7 of 34 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 6% | 6% | 5% | 4% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 6% | 6% | 5% | 4% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 63% | 100% | 99% | 100% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 6% | 7% | 5% | 4% | 4% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 37% | 0% | 1% | 0% | 0% | 0% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 78% | 76% | 81% | 86% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 91% | 103% | 93% | 100% | 94% | 110% |
Program output ratio Program output ratio = Program services / Total revenue | 73% | 81% | 71% | 81% | 81% | 97% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 9% | -3% | 7% | 0% | 6% | -10% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 10% | -7% | 14% | 1% | 15% | -26% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 16% | 17% | 13% | 10% | 8% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.85 | 2.08 | 1.83 | 2.40 | 2.12 | 2.63 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.33 | 1.04 | 1.04 | 1.06 | 1.06 | 1.03 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.35 | 2.15 | 1.90 | 2.55 | 2.24 | 2.72 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.40 | 16.90 | 27.06 | 27.32 | 24.44 | 27.87 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.41 | 5.24 | 6.09 | 4.53 | 5.13 | 4.25 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 9% | 6% | 4% | 3% | 4% | 3% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 99% | 45% | 53% | 40% | 45% | 37% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $2,777,154 | $2,654,202 | $1,943,016 | $1,371,920 | $988,919 |
| Receivables, inventories, prepaids | $78,618 | $85,963 | $69,712 | $401,112 | $158,190 |
| Short-term investments | $0 | $237,742 | $470,993 | $692,678 | $992,320 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,855,772 | $2,977,907 | $2,483,721 | $2,465,710 | $2,139,429 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $49,949 | $28,892 | $48,373 | $52,922 | $67,477 |
| Other long-term assets | $54,476 | $80,090 | $105,704 | $87,708 | $1,118 |
| Total long-term assets | $104,425 | $108,982 | $154,077 | $140,630 | $68,595 |
| Total assets | $2,960,197 | $3,086,889 | $2,637,798 | $2,606,340 | $2,208,024 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $169,003 | $110,065 | $90,927 | $100,891 | $76,778 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $169,003 | $110,065 | $90,927 | $100,891 | $76,778 |
| 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 | $169,003 | $110,065 | $90,927 | $100,891 | $76,778 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $1,776,467 | $2,130,275 | $2,351,641 | $590,554 | $2,112,246 |
| With donor restrictions | $1,014,727 | $846,549 | $195,230 | $1,914,895 | $19,000 |
| Net assets | $2,791,194 | $2,976,824 | $2,546,871 | $2,505,449 | $2,131,246 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $5,961,942 | $5,989,074 | $6,377,627 | $5,920,544 | $5,294,438 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $4,332 | $14,099 | $15,080 | $16,985 | $4,024 |
| Other revenue | $0 | $75,174 | ($26,180) | ($29,747) | ($28,466) |
| Total other revenue | $4,332 | $89,273 | ($11,100) | ($12,762) | ($24,442) |
| Total revenue | $5,966,274 | $6,078,347 | $6,366,527 | $5,907,782 | $5,269,996 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $4,809,771 | $4,292,665 | $5,152,435 | $4,769,273 | $5,102,971 |
| Management and general | $997,088 | $971,262 | $851,861 | $549,136 | $454,793 |
| Fundraising | $345,045 | $386,215 | $334,125 | $211,845 | $259,798 |
| Total expenses | $6,151,904 | $5,650,142 | $6,338,421 | $5,530,254 | $5,817,562 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | ($185,630) | $428,205 | $28,106 | $377,528 | ($547,566) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($185,630) | $428,205 | $28,106 | $377,528 | ($547,566) |
Compensation
| Name | Title | Compensation |
| Richard Anderson | Chief Executive Officer | $198,620 |
| Thomas Draper | Chief Operations Officer | $167,159 |
Compensation data as of: 12/31/2020
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 11/22/2022. To update the information below, please email: [email protected]
History
In the mid-nineties, a youth group from Spring Branch Church in Virginia Beach, Virginia walked into an orphanage in Nicaragua. Little did they know that one visit would change their lives and the lives of thousands of children living in Nicaragua forever.
These teenagers, completely wrecked by what they saw, started selling their CD's, stereos and clothes to help the children in the orphanage. Their parents were amazed by the transformation and compassion of their kids, and decided to check out the orphanage for themselves.
Thus began ORPHANetwork - a network of like-minded churches and individuals who have God's heart for social orphans.
Compassion for the poor that started in one orphanage has grown into an award-winning nonprofit that is seeing tremendous transformation in 16 out of 17 districts (states) in the country. Today, ORPHANetwork has grown to reach nearly 31,000 vulnerable and orphaned children on a daily basis. Our mission is being lived out each day through our network of local partners and staff in Nicaragua and the investors, churches and organizations who make their work possible.