Church Planting Network
- Assets
- $3.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Carolina Beach, NC
- Founding
- 11/2002
- Data as of
- 06/2023
- EIN
- 27-0028746
Organization Overview
Church Planting Network, operating under the name dba Exponential, is located in Carolina Beach, NC. The organization was established in 2002. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2023, dba Exponential employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. dba Exponential 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 06/2023, dba Exponential generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 10.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE CHRISTIAN CHURCHES AND CHURCH MULTIPLICATION ORGANIZATIONS ON THE BEST PRACTICES AND TRENDS IN CHURCH MULTIPLICATION, AS WELL AS STIMULATE INTEREST IN CHURCH MULTIPLICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES: CHURCH PLANTING NETWORK, INC., D/B/A EXPONENTIAL COORDINATES CHURCH MULTIPLICATION CONFERENCES. THE ANNUAL CONFERENCE IS THE PRIMARY WAY THAT EXPONENTIAL EDUCATIONS CHRISTIAN CHURCHES, NETWORKS AND DENOMINATIONS ON BEST PRACTICES AND TRENDS IN CHURCH MULTIPLICATION. EXPONENTIAL HOSTED FIVE REGIONAL CONFERENCES THROUGHOUT THE COUNTRY AS WELL AS ONE GLOBAL EVENT IN ORLANDO, FL. THE 2023 GLOBAL CONFERENCE INCLUDED MORE THAN 200 NATIONAL CHURCH PLANTING LEADERS/SPEAKERS AND WAS ATTENDED BY MORE THAN 5000 CHURCH PLANTING LEADERS FROM ALL OVER THE WORLD. SPONSORSHIP AND REGISTRATION REVENUE COVERS THE COST OF PRESENTING THE CONFERENCE INCLUDING FACILITY RENTAL, SPEAKER FEES, MARKETING, AND TIME AND TRAVEL DEVOTED TO PLANNING.
LEARNING COMMUNITIES: CHURCH PLANTING NETWORK, INC D/B/A EXPONENTIAL COORDINATES GATHERINGS OF PASTORS, NETWORK LEADERS AND EMERGING LEADERS FROM ALL OVER THE COUNTRY IN ORDER TO CONDUCT TRAINING ON THE BEST PRACTICES AND TRENDS IN CHURCH MULTIPLICATION AND CHURCH LEADERSHIP. THESE GATHERINGS ARE DONE THREE TIMES A YEAR IN DIFFERENT CITIES AROUND THE COUNTRY. THE LEARNING COMMUNITIES ARE IN LINE WITH EXPONENTIAL'S MISSION TO ACCELERATE THE MULTIPLICATION OF HEALTHY FAITH COMMUNITIES.
RESOURCES: CHURCH PLANTING NETWORK (D/B/A EXPONENTIAL) SEEKS TO DISTRIBUTE RESOURCES FOR CHURCH MULTIPLICATION LEADERS. EXPONENTIAL DOES THAT THROUGH DIGITAL WEBINARS, EBOOKS, PRINT BOOKS, KITS, COURSES AND MORE ON CHURCH MULTIPLICATION AND CHURCH LEADERSHIP. WE HAVE OVER 100 FREE EBOOKS IN OUR EXPONENTIAL LIBRARY IN ADDITION TO HUNDREDS OF VIDEO TRAININGS, AUDIO TRAININGS, ONLINE SUMMITS AND WEBINARS AVAILABLE THROUGH OUR WEBSITE. EXPONENTIAL ALSO HAS A SUBSCRIPTION MODEL WHERE PEOPLE CAN PAY FOR DIFFERENT LEVELS OF RESOURCES (FREE + PAID RESOURCES.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Milby Chairman | OfficerTrustee | 1 | $0 |
Brent Storms Treasurer | OfficerTrustee | 1 | $0 |
Jon Ferguson Secretary | OfficerTrustee | 1 | $4,000 |
Greg Nettle Director | Trustee | 1 | $0 |
Dave Ferguson CEO | OfficerTrustee | 1 | $35,000 |
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 | $316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316 |
| Total Program Service Revenue | $2,361,869 |
| Investment income | $77,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,663,008 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,760 |
| Compensation of current officers, directors, key employees. | $17,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,281 |
| Payroll taxes | $61,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $323,095 |
| Advertising and promotion | $103,623 |
| Office expenses | $72,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96,316 |
| 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 | $14,525 |
| All other expenses | $292,320 |
| Total functional expenses | $2,645,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650,584 |
| Savings and temporary cash investments | $2,093,511 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,756 |
| Total assets | $3,766,851 |
| Accounts payable and accrued expenses | $20,011 |
| 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 | $9,243 |
| Total liabilities | $29,254 |
| Net assets without donor restrictions | $3,737,597 |
| 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 | $3,766,851 |