Nams Network INC FY2023 filing

Tax-deductible

Georgetown, SC501(c)(3)ReligionEIN 27-3731123Revenue $287K in FY2023

On file with the IRSnamsnetwork.comPo Box 3046, 29442-3046 · Georgetown, SCTax-exempt since Jun 2011Publicly supported charity — 170(b)(1)(A)(vi)

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NAMS Network Inc. is an Order of missionary companions helping to plant new communities that are submitted to Christ Jesus and His Word.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $4K a year · 1% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $29K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$287K
-27% vs prior year
Spent
$327K
To programs
70%
Net assets
$66K
By yearFY2021–FY2024
Revenue
$287K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2021$198K
FY2022$393K
FY2023$287K
FY2024$315K
Expenses
$327K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$320K
FY2023$327K
FY2024$336K
Net assets
$66K
FY2023▼ -37%
Tap a bar for its year
Net assets by fiscal year
FY2021$33K
FY2022$105K
FY2023$66K
FY2024$46K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $229K Management & general 14% · $44K Fundraising 16% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman
$55,000Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Joel Shuler’s $115K as Global Development is at the 93rd percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Joel Shuler$114,725———
Jon Shuler$40,000$55,000$5,000—
Manik Corea——$36,000—
Rev'd Manik Corea———$36,000
Sam Horowitz——$11,328$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No

Programs and updates

Planting new Christian communities submitted to Christ and His Word.

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Provided by the organization

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3 programs · $171K · in their own filed words · FY2023
01

Supporting and expanding NAMS base communities across the globe. Supporting the missionary families responsible for these communities whose purpose is to evangelize and disciple individuals the Christian faith. Approximately 25,000 individuals are being served globally through this program.

$76Kprogram expense
02

Providing the highest quality of leadership training and church planting preparation to a select group of Christian leaders. After training these individuals will be assigned to a particular region globally to establish NAMS Christian communities and to expand the Christian faith through evangelizing and discipleship.

$48Kprogram expense
03

New and emerging leaders on the field are given training experience and knowledge with in the environment of a NAMS community. The Global Apprentice Program GAP allows for leadership growth for those on foreign soil would otherwise would not be afforded the opportunity.

$47Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$29K
Grants paid · 6 grants · $152K · 2022–2024
Unitemized GrantFY2024$48,000
Saint Luke S Anglican ChurchFY2024$8,750
Unitemized GrantFY2023$48,000
Unitemized GrantFY2023$15,000
Unitemized GrantFY2022$25,000
Unitemized GrantFY2022$7,372

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$287K
Ln 12
Gifts and grantsLn 1h$287K
Investment incomeLn 3$47
Money outPt IX
$327K
Ln 25
Programscol B$229K
Managementcol C$44K
Fundraisingcol D$53K
Owns and owesPt X
$66K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$66K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$287K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$47
Gains on assetsLn 7$0
Total revenueLn 12$287K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$66K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$66K
LiabilitiesLn 26$0
Net assetsLn 32$66K
OperationsPt I, VI
EmployeesI 50
VolunteersI 687
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$105K$66K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$105K$66K
LiabilitiesLn 26$0$0
Net assetsLn 32$105K$66K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$63K$63K
Grants to domestic individualsLn 2$108K$108K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$101K$45K$11K$45K
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$12K$0$12K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$3K$0$3K$0
Information technologyLn 14$4K$2K$0$2K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$10K$10K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$3K$0$0$3K
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$22K$0$19K$3K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$327K$229K$44K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $315K$336K−$20K$46K 990 PDF
FY2023 Viewing $287K$327K−$39K$66K 990 PDF
FY2022 $393K$320K$73K$105K 990 PDF
FY2021 $198K$33K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $287,401 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $392,701$287,354
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17$47
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $392,718$287,401
I-13 Grants and similar amounts paidPrior year $102,581$171,483
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $217,211$155,397
I-18 Total expensesPrior year $319,792$326,880
I-19 Revenue less expensesPrior year $72,926−$39,479
Part VI · Governance 0 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $287,401 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$287,354
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$287,354
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$47
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$287,401
Part IX · Statement of functional expenses $326,880 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $63,000$63,000
IX-2 Grants to domestic individualsPrograms $108,483$108,483
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $45,000 · Management $10,776 · Fundraising $45,000$100,776
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $12,350 · Fundraising $0$12,350
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $2,581 · Fundraising $0$2,581
IX-14 Information technologyPrograms $2,483 · Management $0 · Fundraising $1,654$4,137
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $10,210 · Management $0 · Fundraising $0$10,210
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $3,193$3,193
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $18,760 · Fundraising $3,390$22,150
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $229,176 · Management $44,467 · Fundraising $53,237$326,880
Part X · Balance sheet $65,980 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $65,430$48,404
X-2 Savings and temporary cash investmentsStart of year $40,029$17,576
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $105,459$65,980
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $105,459$65,980
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $105,459$65,980
X-33 Total liabilities and net assetsStart of year $105,459$65,980
Part XI · Reconciliation of net assets $65,980 net assets at year end
XI-1 Total revenue$287,401
XI-2 Total expenses$326,880
XI-3 Revenue less expenses−$39,479
XI-4 Net assets at start of year$105,459
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$65,980

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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