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Leadership Network FY2022 filing

Carolina Beach, NCUnknown exempt organizationEIN 75-2208735Revenue $782K in FY2022

On file with the IRSleadnet.org302 N 8th Street · Carolina Beach, NC

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Connecting innovators in the church to multiply and accelerate Kingdom impact.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $213K a year · 27% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$782K
+215% vs prior year
Spent
$592K
To programs
96%
Net assets
$389K
By yearFY2020–FY2023
Revenue
$782K
FY2022▲ +215%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$248K
FY2022$782K
FY2023$665K
Expenses
$592K
FY2022▲ +333%
Tap a bar for its year
Expenses by fiscal year
FY2020$533K
FY2021$137K
FY2022$592K
FY2023$1.1M
Net assets
$389K
FY2022▲ +95%
Tap a bar for its year
Net assets by fiscal year
FY2020$88K
FY2021$200K
FY2022$389K
FY2023$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $568K Management & general 4% · $24K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Todd Wilson
Chairman
$0Pt VII · Sec A
Brent Storms
Treasurer
$0Pt VII · Sec A
Jon Ferguson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Leadership Network executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects church innovators to multiply and accelerate Kingdom impact.

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Provided by the organization

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3 programs · $328K · in their own filed words · FY2022
01

Next Ventures

Next Ventures identifies and provides small "encouragement capital grants" in exchange for a front row seat to innovative projects that are helping shape the future of the church. Venture Partners invest in Next Ventures to collaborate to find future-focused leaders and projects that will shape the future of the church.

$328Kprogram expense
02

Resources

Leadership Network continued its focus on resourcing the Church through the distribution of books through partner publishers. The books continued advancing the mission of Leadership Network.

$575program expense
03

Salary Survey for Church Leaders

Leadership Network has produced a Church Salary Compensation Table to help resource the church. The information in the table is a great resource for churches all over the country and is updated annually.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2019
Donor Advised Charitable Giving INCFY2019$15K
Rightnow Ministries InternationalFY2019$10K
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$782K
Ln 12
Gifts and grantsLn 1h$527K
Fees for servicesLn 2g$255K
Investment incomeLn 3$47
Money outPt IX
$592K
Ln 25
Programscol B$568K
Managementcol C$24K
Owns and owesPt X
$389K
net assets · Ln 32
Cash and savingsLn 1–2$460K
Total assetsLn 16$460K
LiabilitiesLn 26$70K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$527K
Fees for servicesLn 2g$255K
Investment incomeLn 3$47
Total revenueLn 12$782K
Assets in detailPt X, end of year
CashLn 1$460K
Cash and savings togetherLn 1–2$460K
Total assetsLn 16$460K
LiabilitiesLn 26$70K
Net assetsLn 32$389K
OperationsPt I, VI
EmployeesI 54
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$207K$460K
Total assetsLn 16$207K$460K
LiabilitiesLn 26$7K$70K
Net assetsLn 32$200K$389K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$652$652
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$9K$2K$7K
Office expensesLn 13$945$945
Information technologyLn 14$3K$3K
TravelLn 17$15K$15K
Other expenses (24a–d)Ln 24$390K$390K
All other expensesLn 24e$173K$172K$114
Total functional expensesLn 25$592K$568K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $665K$1.1M−$389K$0 990 PDF
FY2022 Viewing $782K$592K$190K$389K 990 PDF
FY2021 $248K$137K$112K$200K 990 PDF
FY2020 $1.5M$533K$939K$88K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $781,814 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,033$526,685
I-9 Program service revenuePrior year $203,194$255,082
I-10 Investment incomePrior year $44$47
I-11 Other revenuePrior year $42$0
I-12 Total revenuePrior year $248,313$781,814
I-13 Grants and similar amounts paidPrior year $0$0
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 $136,698$592,039
I-18 Total expensesPrior year $136,698$592,039
I-19 Revenue less expensesPrior year $111,615$189,775
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $781,814 across 5 lines filed
Lines not itemized here account for $3,495 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$526,685
VIII-1h Total contributions, gifts and grants$526,685
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $251,587$251,587
VIII-3 Investment incomeExcluded from tax $47$47
VIII-12 Total revenueRelated to mission $255,082 · Unrelated business $0 · Excluded from tax $47$781,814
Part IX · Statement of functional expenses $592,039 across 8 lines filed
IX-11b Legal feesManagement $652$652
IX-11c Accounting feesManagement $1,100$1,100
IX-12 Advertising and promotionPrograms $2,400 · Management $6,883$9,283
IX-13 Office expensesManagement $945$945
IX-14 Information technologyPrograms $3,025$3,025
IX-17 TravelManagement $14,661$14,661
IX-24 Other expenses (24a–d)Programs $389,838$389,838
IX-24e All other expensesPrograms $172,421 · Management $114$172,535
IX-25 Total functional expensesPrograms $567,684 · Management $24,355 · Fundraising $0$592,039
Part X · Balance sheet $459,863 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $206,993$459,863
X-16 Total assetsStart of year $206,993$459,863
X-17 Accounts payable and accrued expensesStart of year $7,327$422
X-19 Deferred revenueStart of year $0$70,000
X-26 Total liabilitiesStart of year $7,327$70,422
X-27 Net assets without donor restrictionsStart of year $199,666$389,441
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $199,666$389,441
X-33 Total liabilities and net assetsStart of year $206,993$459,863
Part XI · Reconciliation of net assets $389,441 net assets at year end
XI-1 Total revenue$781,814
XI-2 Total expenses$592,039
XI-3 Revenue less expenses$189,775
XI-4 Net assets at start of year$199,666
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$389,441

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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