Dear Friends, Chairman of the Board / Open Doors International. Open Doors 2014 Annual Report 2

Transcription

1 2014 Annual Report

2 Dear Friends, Our world grows less peaceful day by day. Many live in fear of terrorist attack, economic collapse or countless other disasters. Yet as we read in God s Word and have learned from the Persecuted Church, these difficult places of evident darkness provide opportunities for the Church to reflect God s love and light and shine in ways that push back the darkness and bring many into the Kingdom. We, the Open Doors International Board of Directors, feel so privileged to partner with you in serving the Persecuted Church and bringing the light of the Gospel to the darkest areas. As you will see and read in this Annual Report, God s light is shining brightly through His children. May we be encouraged to continue to stand firm together in the challenges ahead. Chairman of the Board / Open Doors International Open Doors 2014 Annual Report 2

3 Dear Friends, As Open Doors celebrates its 60th year of ministry in 2015, I am reminded of a simple lesson from the Persecuted Church: persecution encourages strong spiritual foundations and the clearing away of anything not essential to deepening our faith. The ultimate result is the fulfillment of God s purposes as many come to Christ! What an amazing God we serve. Perhaps that is why the Apostle Paul wrote to the church in Rome, Let us make every effort to do what leads to peace and to mutual edification (Romans 14:19, NIV). Our challenges in the Body of Christ are both external, with persecution as an example, and the internal struggle for peace and unity. So we are organizing this 2014 Annual Report around our Open Doors Core Values. They provide a strong foundation as we brothers and sisters in Christ seek to follow our Lord and align with His purposes. To Him be the glory. CEO / Open Doors International Open Doors 2014 Annual Report 3

4 Our Purpose To strengthen and equip the Body of Christ living under or facing restriction and persecution because of their faith in Jesus Christ, and to encourage their involvement in world evangelism by: n Providing Bibles and literature, media, leadership training, socio-economic development and through intercessory prayer; n Preparing the Body of Christ living in threatened or unstable areas to face persecution and suffering; and n Educating and mobilizing the Body of Christ living in the free world to identify with threatened and persecuted Christians and be actively involved in assisting them. We do so because we believe when one member suffers, all members suffer with it (1 Corinthians 12:26). All doors are open and God enables His Body to go into all the world and preach the Gospel. Our Core Values n We are part of the Body of Christ, a people to people people n We are Persecuted Church driven n We are people of the Bible n We are people of prayer n We live and work by faith n We are devoted to Jesus Christ and His commission n We are motivated solely for the glory of God Open Doors 2014 Annual Report 4

5 Open Doors Affiliates Open Doors Australia Open Doors Brazil Open Doors Canada Open Doors Denmark Open Doors France Open Doors Germany Open Doors Italy Open Doors Netherlands Open Doors New Zealand Open Doors Norway Open Doors South Africa Open Doors Southeast Asia (3 Offices) Open Doors South Korea Open Doors Spain Open Doors Sweden Open Doors Switzerland Open Doors United Kingdom and Ireland Open Doors USA See, I have placed before you an OPEN DOOR that no one can shut. Revelation 3:8 Bibles & Literature Believers & Christian Leaders Believers Supported by Distributed Trained Socio-Economic Projects Africa 138,064 30,003 59,503 Central Asia 715,425 8,924 22,081 China 78, Egypt 382,159 79,358 50,188 Gulf 237,714 33,105 35,310 India 43,787 8,770 9,698 Latin America 119,784 1,273 3,880 Middle East 1,327,115 45, ,167 North Korea 28,330 31,091 61,205 Southeast Asia 93,732 70,004 10,142 Total: 3,164, , ,174 Open Doors 2014 Annual Report 5

6 2015 World Watch List: 1. North Korea 2. Somalia 3. Iraq 4. Syria 5. Afghanistan 6. Sudan 7. Iran 8. Pakistan 9. Eritrea 10. Nigeria 11. Maldives 12. Saudi Arabia 13. Libya 14. Yemen 15. Uzbekistan 16. Vietnam 17. Central African Republic 18. Qatar 19. Kenya 20. Turkmenistan 21. India 22. Ethiopia 23. Egypt 24. Djibouti 25. Myanmar 26. Palestinian Territories 27. Brunei 28. Laos 29. China 30. Jordan 31. Bhutan 32. Comoros 33. Tanzania 34. Algeria 35. Colombia 36. Tunisia 37. Malaysia 38. Mexico 39. Oman 40. Mali 41. Turkey 42. Kazakhstan 43. Bangladesh 44. Sri Lanka 45. Tajikistan 46. Azerbaijan 47. Indonesia 48. Mauritania 49. United Arab Emirates (UAE) 50. Kuwait Open Doors 2014 Annual Report 6

7 We are part of the Body of Christ, a people to people people Open Doors 2014 Annual Report 7

8 We are Persecuted Church driven Believers in Pakistan gather for communion services to remember the attacks on All Saints Church that took place on September 22, Open Doors 2014 Annual Report 8

9 We are people of the Bible The Word of God changes people and changed people change the situations around them. Brother Andrew Open Doors 2014 Annual Report 9

10 We are people of prayer We are so thankful for how our brothers and sisters around the world prayed for and supported us during some of the most extreme years of persecution! Han Chinese Christian leader. Open Doors 2014 Annual Report 10

11 We live and work by faith Thank you so much for visiting us and sharing God s love with us! Pastor of a secret church in Central Asia Open Doors 2014 Annual Report 11

12 We are devoted to Jesus Christ and His commission Illiteracy continues to hinder many believers in rural villages in Bangladesh from reading the Bible. Open Doors began providing literacy training in Adult literacy programs were implemented in cooperation with the local church. In 2014, 100 classes were held in 18 districts of Bangladesh. Open Doors 2014 Annual Report 12

13 We are motivated solely for the glory of God Now to him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us, to him be glory in the church and in Christ Jesus throughout all generations, for ever and ever! Ephesians 3:20-21 Open Doors 2014 Annual Report 13

14 The Audit Committee of the ODI Board of Directors The Audit Committee of our International Board is composed of financially literate individuals who are mature in their faith and committed to making the most of the resources God provides. This Annual Report is a compilation of the results for our ministry teams on the ground and the independently audited statements of each of our Affiliates, with a desire to be authentic and transparent to all involved. The Audit Committee meets periodically to provide oversight to the financial processes of Open Doors and ensure the highest levels of biblical stewardship and accountability to God, our teams and our partners. The Audit Committee s responsibilities include, in part, to: 1. Review significant accounting and reporting issues. 2. Review with management and the external auditors the results of the audit, including any difficulties encountered. 3. Review the annual financial statements for completeness, consistency and ensure that they reflect appropriate generally accepted accounting principles. 4. Monitor the effectiveness of ODI s internal control system. 5. Understand the scope of internal and external auditors reviews of internal control over financial reporting, and obtain reports on significant findings and recommendations, together with management s responses. 6. Review the effectiveness of the ministry s system for monitoring compliance with laws and regulations and the results of management s investigation and follow-up (including disciplinary action) on any instances of noncompliance. 7. Regularly report to the ODI Board of Directors about Audit Committee activities, issues and related recommendations. 8. Institute and oversee special investigations as needed. The Finance Director for ODI is a Certified Public Accountant with a strong auditing background, having worked for several years for one of the USA s largest auditing firms. The Audit Committee of the ODI Board began the process of recruiting an Internal Auditor in 2009 and appointed an Internal Auditor on January 1, The Internal Auditor brings a strong financial and organizational development background to this role and reports directly to the Audit Committee of the Open Doors International Board. The following statements are a compilation of the audited financial statements of our Affiliates and international offices. Open Doors 2014 Annual Report 14

15 2014 Financial Summary Open Doors has continued to be blessed by our supporters, who have faithfully given and prayed for the Persecuted Church in This past year, we were able to maintain and even increase many of our ministry projects and continue to support persecuted Christians throughout the world. Open Doors International is a worldwide ministry consisting of 20 Affiliates (see a list of Affiliates on page 5) and 15 field offices located in all major regions of the world. Our two primary international offices are located in the Netherlands and in the USA. In every office our teams work diligently to use the resources God provides to effectively meet the needs of the Persecuted Church. Our Purpose, Core Values and Strategic Priorities are at the heart of all our ministry work as well as future ministry planning. Expenditure by Activity in 2014 (In US Dollars) Fundraising / 9.5% $9.5 Million Administration / 11.4% $11.3 Million Open Doors International Income (US Dollars in Millions) International Programs 79.1% $79.0 Million $79.0 $ 69.4 $ 79.2 $ 83.2 $ 88.2 $ 94.4 $ Open Doors 2014 Annual Report 15

16 Combined Statements of Financial Position December 31, 2014 and 2013 (In US Dollars) Assets Cash and cash equivalents $ 50,717,229 40,531,318 Investments 11,455,435 10,064,334 Investments held in charitable trust 1,923,855 1,830,420 Accounts receivable 2,266,392 1,823,455 Notes receivable Advances to employees 103, ,726 Program advances 1,152, ,820 Inventory 611, ,340 Prepaid expenses 589, ,541 Deposits and other assets 400, ,328 Property and equipment, net 10,876,054 12,056,084 Total assets $ 80,096,756 68,686,366 Liabilities and Net Assets Liabilities: Accounts payable and accrued liabilities $ 3,857,617 4,565,371 Deferred contributions 389, ,329 Distributions payable to donors 1,172,988 1,227,064 Mortgage payable and other long-term debt 1,196,380 2,342,708 Deferred compensation 687, ,603 Other liabilities 4,832,554 2,229,204 Total liabilities 12,136,452 11,475,279 Net Assets: Unrestricted: Investment in property and equipment, net 10,876,054 11,445,466 Board designated contingencies 12,993,377 12,575,952 Undesignated 42,246,358 28,075,596 Temporarily restricted: Designated for program activities 7,008,668 5,397,522 Net asset adjustment from foreign currency translation (5,164,153) (283,449) Total net assets 67,960,304 57,211,087 Total liabilities and net assets $ 80,096,756 68,686,366 Open Doors 2014 Annual Report 16

17 Combined Statements of Activities December 31, 2014 and 2013 (In US Dollars) Changes in unrestricted net assets: Support and revenue: Contributions and bequests $ 109,892,618 89,873,933 Gifts in kind Books and tapes 671, ,696 Royalties, dividents and interest 383, ,086 Realized & unrealized gain (loss) in investments 156, ,050 Change in the value of split interest agreements (74,787) (85,257) Other revenue 1,357,492 1,092,812 Net assets released from restrictions 8,329,526 4,732,431 Total support and revenue $ 120,716,829 97,815,795 Expenses: Serving the suffering church by: Literature distribution 8,620,659 8,733,888 Training 17,674,979 17,211,722 Awareness and motivation of the Free Church 25,647,455 21,717,895 Social economic development 21,775,982 15,951,671 Research and advocacy 5,255,703 3,989,682 Total program expenses 78,974,778 67,604,858 Supporting the ministry to the suffering church by: Fund-raising 9,464,273 9,492,258 Administration 11,347,477 9,932,384 Total supporting services 20,811,750 19,424,642 Total expenses 99,786,528 87,029,500 Net gain (loss) on foreign currency transactions (547,293) (84,814) Change in unrestricted net assets 20,383,008 10,701,481 Changes in temporarily restricted net assets: Contributions 3,572,135 1,263,212 Change in the value of split interest agreements 4,314 5,429 Net assets released from restrictions (8,329,526) (4,732,431) Change in temporarily restricted net assets (4,753,077) (3,463,790) Change in net assets 15,629,931 7,237,691 Net assets at beginning of year 57,211,087 49,785,456 Net assets adjustment from foreign currency translation (4,880,714) 187,940 Net assets at end of year $ 67,960,304 57,211,087 Open Doors 2014 Annual Report 17

18 Serving persecuted Christians worldwide