Net Increase Foundation Inc
- Assets
- $996.2k
- Revenue
- $761.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Prosper, TX
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-1825706
Organization Overview
Net Increase Foundation Inc, operating under the name LeaderWorks, is located in Prosper, TX. The organization was established in 2016. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LeaderWorks is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, LeaderWorks generated $761.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $425.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. DURING 2021, 25,000 PEOPLE BENEFITED THROUGH SPEAKING ENGAGEMENTS, SEMINARS, WEBINARS, BOOK DISTRIBUTIONS AND BLOG POSTS.
THE ORGANIZATION PROVIDES OPPORTUNITIES FOR PASTORS AND OTHERS TO VISIT THE HOLY LAND TO SEE THE PLACES THAT UNIQUELY TELL THE CHRISTIAN STORY AND REMIND US OF ITS IMPACT IN THE WORLD. EVEN THOUGH COVID RESTRICTED TRAVEL, THE PROGRAM WAS ABLE TO BENEFITED APPROXIMATELY 100 PEOPLE WHICH CONSISTED OF 20 PASTORS AND 80 LAYPEOPLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Roseberry Executive Director | Officer | 40 | $206,057 |
Todd Dexter President | OfficerTrustee | 1 | $0 |
Richard Pence Treasurer | OfficerTrustee | 1 | $0 |
Craig Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $617,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,018 |
| Total Program Service Revenue | $91,611 |
| Investment income | $14,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $37,918 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $661 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $761,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,461 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,877 |
| Compensation of current officers, directors, key employees. | $36,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,300 |
| Payroll taxes | $24,180 |
| Fees for services: Management | $8,223 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,745 |
| Office expenses | $7,622 |
| Information technology | $4,074 |
| Royalties | $9,903 |
| Occupancy | $266 |
| Travel | $7,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,484 |
| Total functional expenses | $425,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,872 |
| Investments—publicly traded securities | $705,444 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $996,222 |
| Accounts payable and accrued expenses | $22,392 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,880 |
| Total liabilities | $32,272 |
| Net assets without donor restrictions | $963,950 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $996,222 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Net Increase Foundation Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $50,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX | $220,989,355 | $120,975,345 |
Central Missionary Clearinghouse Inc Houston, TX | $6,419,067 | $44,656,736 |
Parish Episcopal School Dallas, TX | $99,531,938 | $38,441,453 |
Omega Charitable Developers Inc Houston, TX | $6,275,678 | $33,763,984 |
Rightnow Ministries International McKinney, TX | $45,408,215 | $33,884,225 |
Newman International Academy Arlington, TX | $46,580,877 | $32,428,105 |
Pine Cove Inc Tyler, TX | $43,410,564 | $33,919,246 |
Interfaith Ministries For Greater Houston Houston, TX | $17,611,753 | $29,868,273 |
Bible Study Fellowship San Antonio, TX | $20,886,435 | $27,831,196 |
Hosanna Albuquerque, NM | $66,066,591 | $27,487,086 |
Apartment Life Inc Bedford, TX | $5,807,926 | $23,558,847 |
Liberty Educational Ministries Inc Argyle, TX | $56,879,806 | $25,424,585 |