Foundation for World Evangelism

Nonprofit profile at a glance

EIN
980150395
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Vaduz, LS
Phone
4232373280
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religion Related N.E.C.
Affiliation
Christianity

Reported finances

Revenue
$118,144,913
Expenses
$106,500,574
Assets
$86,628,638
Liabilities
$15,700

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • FREDRICK ELY (PRESIDENT)
  • RENE PALACIO (VICE PRESIDENT)

People named in this filing

  • FREDRICK ELY (PRESIDENT)
  • MARTEN GEIGER (SECRETARY)
  • TED ESLER (COUNCIL MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organized and operated as a type i supporting organization, for the benefit of missio nexus, sim USA, inc., world radio missionary fellowship ("the beneficiaries") and charitable organizations and ventures sponsored or supported by one of the beneficiaries. The emphasis of this foundation shall be on worldwide christian evangelism, particularly to those parts of the world where the gospel has not been heard, including proclamation of the gospel, church planting, discipleship, nurturing of christians, and leadership development.

What it reported doing in 2024

The foundation for world evangelism is organized and operated as a type i supporting organization, for the benefit of missio nexus, sim USA, inc, world radio missionary fellowship, and other similar organizations. The emphasis of this foundation shall be on worldwide christian evangelism, particularly to those parts of the world where the gospel has not been heard, including proclamation of the gospel, church planting, discipleship, nurturing of christians, and leadership development. All programs supported by the foundation, including the three largest, respond to this described purpose of the foundation.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 72
  • Accountability: 65
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.2%; rating input score 89
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 49th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 28th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.9%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings

Growth

  • Program expense growth: 45.6% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 45.9% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 89.2% of revenue deployed · 98.9% of spending went to programs
  • Governance: 4 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $105.4M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity and grants
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.