NEXT Worldwide Inc
- Assets
- $421.8k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Flower Mound, TX
- Founding
- Data as of
- 12/2018
- EIN
- 20-3860555
Organization Overview
NEXT Worldwide Inc is located in Flower Mound, TX. As of 12/2018, NEXT Worldwide Inc employed 9 individuals. NEXT Worldwide Inc 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 12/2018, NEXT Worldwide Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
MULTIPLY DISCIPLES THROUGH CHURCH-PLANTING MISSIONS AND MISSIONAL LEADERSHIP TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Barrett Director | Trustee | 0.5 | $0 |
Mark Tillman Director | Trustee | 0.5 | $0 |
W Marc Dingler IV Director | Trustee | 0.5 | $0 |
Mark Lincoln Director | Trustee | 0.5 | $0 |
JD Tomlin Director | Trustee | 0.5 | $0 |
Randall Mckitrick Director | Trustee | 0.5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,253,596 |
| Noncash contributions included in lines 1a–1f | $4,812 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,277,646 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,992 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,266,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,516 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $349,334 |
| Compensation of current officers, directors, key employees. | $58,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $230 |
| Fees for services: Accounting | $73,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,147 |
| Advertising and promotion | $470 |
| Office expenses | $29,438 |
| Information technology | $35,195 |
| Royalties | $0 |
| Occupancy | $19,282 |
| Travel | $696,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,534 |
| Insurance | $26,708 |
| All other expenses | $12,466 |
| Total functional expenses | $1,697,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,646 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,514 |
| 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 | $4,246 |
| Net Land, buildings, and equipment | $6,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $421,793 |
| Accounts payable and accrued expenses | $18,264 |
| 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 | $0 |
| Total liabilities | $18,264 |
| Unrestricted restricted net Assets | $354,739 |
| Temporarily restricted net Assets | $48,790 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $403,529 |