Dm Multiplied Inc
- Assets
- $946.8k
- Revenue
- $816.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Beaumont, TX
- Founding
- 10/2013
- Data as of
- 12/2023
- EIN
- 45-2386941
Organization Overview
Dm Multiplied Inc is located in Beaumont, TX. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Dm Multiplied Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dm Multiplied 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 12/2023, Dm Multiplied Inc generated $816.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $675.3k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 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
TRAINING CHURCH LEADERS IN THE ENTIRE WORLD, WITH A SPECIAL FOCUS ON TRAINING YOUNG ADULTS FOR A LIFETIME OF SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN OUR 3D TRAINING CENTER, WHICH FOCUSES ON TRAINING A NEW GENERATION OF CHRISTIAN LEADERS, WE HAVE SEEN THE GRADUATION OF TWO CLASSES THIS YEAR. THE 3D TRAINING CENTER IN BOLIVIA GRADUATED ABOUT A DOZEN LEADERS, MOST OF WHOM ARE NOW ACTIVELY INVOLVED IN MINISTRY. AS IT STANDS, WE HOPE TO CREATE MORE TRAINING CENTERS IN THE FUTURE IN BOTH THE COUNTRIES WHERE WE PRESENTLY SERVE AND IN OTHER COUNTRIES AS WELL.
LEADERS TRAINED BY DM2 CONTINUED DM2 TRAINING PROGRAMS IN AFRICA, SOUTH AMERICA, AND THE UNITED STATES. WE WERE ABLE TO PHYSICALLY GO TO CAMEROON, ECUADOR, ARGENTINA, MEXICO,BOLIVIA, BRAZIL, AND FRENCH POLYNESIA. WE DEVELOPED OVER 15 NEW COURSES THAT WILL BE TRANSLATED INTO MANY LANGUAGES IN TIME. OUR CONFERENCES INCLUDED WOMEN'S CONFERENCES, YOUTH CONFERENCES AND PASTORAL TRAINING CONFERENCES IN THE MAJORITY WORLD. OUR LARGEST IMPACT CONTINUES TO BE OVERSEAS, WITH MUCH OF OUR WORK BEING DONE BY NATIONAL LEADERS WHOM WE HAVE TRAINED. THE IMPACT IS ASTOUNDING AND EXPONENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret W Nazworth President | OfficerTrustee | 50 | $74,397 |
Wanda Nazworth Secretary | Officer | 30 | $12,000 |
David Howard Director | Trustee | 1.5 | $0 |
Joe Aguilar Director | Trustee | 1.5 | $0 |
David French Director | Trustee | 1.5 | $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 | $724,223 |
| Noncash contributions included in lines 1a–1f | $105,260 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $724,223 |
| Total Program Service Revenue | $75,388 |
| Investment income | $3,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $816,526 |
| 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 | $36,069 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,397 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,918 |
| Office expenses | $71,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,468 |
| Travel | $3,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,757 |
| Insurance | $15,553 |
| All other expenses | $0 |
| Total functional expenses | $675,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,831 |
| Savings and temporary cash investments | $119,060 |
| 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 | $645,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $946,759 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,209 |
| Total liabilities | $2,209 |
| Net assets without donor restrictions | $0 |
| 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 | $944,550 |
| Total liabilities and net assets/fund balances | $946,759 |