NEXT Worldwide Inc

EIN: 203860555 501(c)(3)

Flower Mound, TX

Total Revenue
$1,266,810
Total Expenses
$1,697,571
Total Assets
$421,793
Net Assets
$403,529
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TX
Principal Officer
Wes Searcy
Phone
9723554100
Tax Period
2018-01-01 to 2018-12-31

NEXT Worldwide Inc, founded in 2005, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Expenses of $1.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

With a desire to see the Gospel proclaimed in all nations, we exist to make and multiply disciples of the next generation through the vehicles of church-planting missions and missional leadership training.

Program Service Accomplishments

Program 1
Expenses: $1,314,571 Revenue: $0

NEXT Worldwide was birthed out of an overarching conviction that plays out in 3 strategic ways. The overarching conviction is in response to the crescendo of Scripture as seen in Revelation 7:9. What...

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NEXT Worldwide was birthed out of an overarching conviction that plays out in 3 strategic ways. The overarching conviction is in response to the crescendo of Scripture as seen in Revelation 7:9. What a glorious and indescribable vision that Jesus gave John, of a great multitude that no one could number from every tribe, tongue, and nation gathered around the throne worshiping God! This was the culmination of the vision Jesus gave His disciples in Matthew 24:14, when they asked the sign of His return. He said, "This gospel of this kingdom shall be preached in the whole world as a testimony to all the nations, and then the end will come." NEXT Worldwide is passionate about playing our role in teaching, training, going and sending toward that beautiful end. Specifically, we know that the Lord established NEXT to play our role in 3 strategic ways. 1) To come alongside church planting leaders around the world to help train and encourage pastors to plant church-planting-churches. 2) To mobilize and train students and adults from the U.S. and around the world to go into God's harvest fields to proclaim the Gospel and help launch these churches. 3) To provide leadership training for pastors and trip participants to live missionally in their neighborhoods and around the world, as we play our part in being messengers of reconciliation until every tribe, tongue and nations has the Gospel!

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $1,277,646
Program Service Revenue $0
Investment Income $0
Other Revenue $-10,836
TOTAL REVENUE $1,266,810

Expense Breakdown

Grants Paid $10,516
Salaries & Benefits $602,139
Fundraising Expenses $135,564
Program Expenses $1,314,571
Other Expenses $1,084,916
TOTAL EXPENSES $1,697,571

Year-over-Year Comparison

2018 2017 Change
Revenue $1,266,810 $1,301,727 0.0%
Expenses $1,697,571 $1,582,527 +0.1%
Net Income $-430,761 $-280,800 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
9
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$347,335
Total Directors
6
$2,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Barrett Director 0.50
Director
$0 $0 $0
Mark Tillman Director 0.50
Director
$0 $0 $0
W Marc Dingler IV Director 0.50
Director
$0 $0 $0
Mark Lincoln Director 0.50
Director
$0 $0 $0
JD Tomlin Director 0.50
Director
$0 $0 $0
Randall McKitrick Director 0.50
Director
$2,000 $0 $2,000
Wes Searcy President 50.00
Officer
$122,470 $38,000 $160,470
Shawn Bettes Vice President 50.00
Officer
$66,740 $48,055 $114,795
Jodi Ramon Part Year Secretary 40.00
Officer
$72,070 $0 $72,070
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $1,266,810 $1,697,571 $421,793 $-430,761
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