Net Increase Foundation INC FY2024 filing

Tax-deductible

Plano, TX501(c)(3)Since 2016ReligionEIN 81-1825706

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To provide programs to teach leadership techniques to young ministry leaders. Net Increase Foundation, Inc. will also provide a mentor-ship program for young ministry leaders.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$408K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $30K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$408K
to officers and key staff · 59% of spending
Concern: pay to officers and key staff is 59% of spending; over 30%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $224K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$507K
-26% vs prior year
Spent
$698K
To programs
82%
Net assets
$755K
By yearFY2020–FY2025
Revenue
$507K
FY2024▼ -26%
Revenue by fiscal year
FY2020$473K
FY2021$762K
FY2022$500K
FY2023$686K
FY2024$507K
FY2025$753K
Expenses
$698K
FY2024▲ +3%
Expenses by fiscal year
FY2020$508K
FY2021$426K
FY2022$540K
FY2023$675K
FY2024$698K
FY2025$654K
Net assets
$755K
FY2024▼ -14%
Net assets by fiscal year
FY2020$598K
FY2021$964K
FY2022$779K
FY2023$882K
FY2024$755K
FY2025$908K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2016.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $569K Management & general 14% · $98K Fundraising 4% · $31K

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; $408K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$231,163Pt VII · Sec A
Executive Director
$177,200Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

David Roseberry’s $231K as Executive Director is at the 100th percentile of top reported officer pay among 2133 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Roseberry$231,163$177,200$231,163$231,163$206,057$216,225

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.

See Net Increase Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches leadership and offers mentorship to young ministry leaders.

Provided by the organization

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1 program · $569K · in their own filed words · FY2024
01

The organization conducts educational programs that teach leadership to young ministry leaders. We provide mentorship in church planting, organizational development and effective preaching and outreach. Mentoring is accomplished through individual consultations, blog posts, seminars, writing and teaching opportunities.

$569Kprogram 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
See all 5 funders →
Grants paid · 48 grants · $710K · 2022–2025
Trinity Anglican ChurchFY2025$31,150
St Peters Anglican ChurchFY2025$18,000
Church of the ApostlesFY2025$16,245
Individual RecipientFY2025$15,000
Apostles by the SeaFY2025$15,000
Hope Pointe Anglican ChurchFY2025$14,800
Church of the Holy CrossFY2025$12,000
Christ St Pauls ChurchFY2025$12,000
St Patricks Anglican ChurchFY2025$10,400
The Abbey and Pawleys IslandFY2025$10,250
Individual RecipientFY2025$5,400
American Anglican CouncilGA · FY2024$25,000
Village Anglican ChurchFY2024$19,900
Church of the RedeemerFY2024$19,200
Trinity Anglican ChurchFY2024$14,400
Apostles by the Sea INCFL · FY2024$12,000
Individual RecipientFY2024$12,000
See all 48 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$507K
Ln 12
Gifts and grantsLn 1h$450K
Investment incomeLn 3$46K
Other incomeLn 4–11$11K
Money outPt IX
$698K
Ln 25
Programscol B$569K
Managementcol C$98K
Fundraisingcol D$31K
Owns and owesPt X
$755K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$780K
LiabilitiesLn 26$25K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$450K
Investment incomeLn 3$46K
Other incomeLn 4–11$11K
Total revenueLn 12$507K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
InvestmentsLn 11–13$690K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$780K
LiabilitiesLn 26$25K
Net assetsLn 32$755K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
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 FY24End FY24
Cash and savingsLn 1–2$205K$78K
InvestmentsLn 11–13$682K$690K
Land, buildings, equipmentLn 10c$12K$12K
Total assetsLn 16$906K$780K
LiabilitiesLn 26$24K$25K
Net assetsLn 32$882K$755K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$217K$217K
Pay of current officers, directors and key staffLn 5$205K$143K$41K$20K
Other employee benefitsLn 9$78K$55K$16K$8K
Payroll taxesLn 10$27K$19K$5K$3K
Management feesLn 11a$32K$24K$8K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$4K$3K$1K
Office expensesLn 13$9K$8K$1K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$22K$22K
TravelLn 17$18K$18K$313
Other expenses (24a–d)Ln 24$78K$58K$20K
Total functional expensesLn 25$698K$569K$98K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $753K$654K$99K$908K 990 PDF
FY2024 Viewing $507K$698K−$191K$755K 990 PDF
FY2023 $686K$675K$11K$882K 990 PDF
FY2022 $500K$540K−$40K$779K 990 PDF
FY2021 $762K$426K$336K$964K 990 PDF
FY2020 $473K$508K−$35K$598K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $507,066 across 6 lines filed
VIII-1f All other contributions, gifts and grants$449,635
VIII-1h Total contributions, gifts and grants$449,635
VIII-3 Investment incomeRelated to mission $46,226$46,226
VIII-5 RoyaltiesRelated to mission $11,205$11,205
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $57,431 · Unrelated business $0 · Excluded from tax $0$507,066
Part IX · Statement of functional expenses $697,940 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $217,357$217,357
IX-5 Pay of current officers, directors and key staffPrograms $143,195 · Management $40,913 · Fundraising $20,457$204,565
IX-9 Other employee benefitsPrograms $54,831 · Management $15,666 · Fundraising $7,833$78,330
IX-10 Payroll taxesPrograms $18,619 · Management $5,320 · Fundraising $2,660$26,599
IX-11a Management feesPrograms $23,783 · Management $7,928$31,711
IX-11c Accounting feesManagement $6,000$6,000
IX-12 Advertising and promotionPrograms $3,100 · Management $1,086$4,186
IX-13 Office expensesPrograms $7,522 · Management $1,023$8,545
IX-14 Information technologyPrograms $2,856$2,856
IX-15 RoyaltiesPrograms $21,864$21,864
IX-17 TravelPrograms $17,660 · Management $313$17,973
IX-24 Other expenses (24a–d)Programs $58,103 · Management $19,851$77,954
IX-25 Total functional expensesPrograms $568,890 · Management $98,100 · Fundraising $30,950$697,940
Part X · Balance sheet $779,658 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $204,692$77,840
X-10c Land, buildings and equipment, netStart of year $11,872$11,872
X-11 Publicly traded securitiesStart of year $682,181$689,946
X-16 Total assetsStart of year $905,516$779,658
X-17 Accounts payable and accrued expensesStart of year $12,661$9,435
X-25 Other liabilitiesStart of year $11,025$15,435
X-26 Total liabilitiesStart of year $23,686$24,870
X-27 Net assets without donor restrictionsStart of year $533,849$523,929
X-28 Net assets with donor restrictionsStart of year $347,981$230,859
X-32 Total net assets or fund balancesStart of year $881,830$754,788
X-33 Total liabilities and net assetsStart of year $905,516$779,658
Part XI · Reconciliation of net assets $754,788 net assets at year end
XI-1 Total revenue$507,066
XI-2 Total expenses$697,940
XI-3 Revenue less expenses−$190,874
XI-4 Net assets at start of year$881,830
XI-5 Net unrealized gains (losses) on investments$63,946
XI-8 Prior period adjustments−$114
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$754,788

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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