Leadership Network
- Assets
- $0.0
- Revenue
- $664.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Carolina Beach, NC
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 75-2208735
Organization Overview
Leadership Network is located in Carolina Beach, NC. The organization was established in 1988. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Network 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, Leadership Network generated $664.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONNECTING INNOVATORS IN THE CHURCH TO MULTIPLY AND ACCELERATE KINGDOM IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXT VENTURES: NEXT VENTURES IDENTIFIES AND PROVIDES SMALL "ENCOURAGEMENT CAPITAL GRANTS" IN EXCHANGE FOR A FRONT ROW SEAT TO INNOVATIVE PROJECTS THAT ARE HELPING SHAPE THE FUTURE OF THE CHURCH. VENTURE PARTNERS INVEST IN NEXT VENTURES TO COLLABORATE TO FIND FUTURE-FOCUSED LEADERS AND PROJECTS THAT WILL SHAPE THE FUTURE OF THE CHURCH. THE PROJECTS ARE GIVEN SMALL GRANTS TO HELP FURTHER THEIR REACH FOR KINGDOM MULTIPLICATION. THERE IS A "SHARK TANK" EXPERIENCE WHERE THE VENTURE PARTNERS VOTE ON AND THEN SUPPLY GRANTS TO CHOSEN PROJECTS. IN ADDITION, THROUGH GRANTS PROVIDED BY NEXT VENTURES, LEADERSHIP NETWORK HAS BEEN RUNNING LEARNING COMMUNITIES ON MICROCHURCH NEXT AND METACHURCH NEXT, AND SUPPORTING NEXT GENERATION INITIATIVES.
OTHER PROGRAM SERVICE EXPENSES.
LEARNING COMMUNITIES & PASTOR GATHERINGS: LEADERSHIP NETWORK GATHERED PASTORS AND MINISTRY LEADERS IN MULTIPLE LEARNING COMMUNITIES AND PASTOR GATHERINGS TO EQUIP THE CHURCH ON HEALTHY CHURCH GROWTH THAT IS CAPABLE OF REPRODUCING.
RESOURCES: LEADERSHIP NETWORK CONTINUED ITS FOCUS ON RESOURCING THE CHURCH THROUGH THE DISTRIBUTION OF BOOKS THROUGH PARTNERSHIPS WITH PUBLISHERS. THE BOOKS CONTINUED ADVANCING THE MISSION OF LEADERSHIP NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Milby Chairman | OfficerTrustee | 1.5 | $0 |
Brent Storms Treasurer | OfficerTrustee | 1 | $0 |
Jon Ferguson Secretary | OfficerTrustee | 0.5 | $0 |
Greg Nettle Trustee | Trustee | 0.5 | $0 |
Dave Ferguson Trustee | Trustee | 0.5 | $0 |
Steve Stroope Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Belay Inc Administrative Services | 12/30/17 | $147,220 |
Minerva Consulting Llc Marketing | 12/30/17 | $125,375 |
Affirma Consulting Marketing | 12/30/17 | $107,995 |
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 | $265,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,119 |
| Total Program Service Revenue | $398,721 |
| Investment income | $701 |
| 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 | $664,541 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,362 |
| Information technology | $4,126 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,958 |
| 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 | $121,610 |
| Total functional expenses | $1,053,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Leadership Network has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHASE OAKS CHURCH PURPOSE: Hold retreat for pastors & their wives | $10,000 |
LONG BRANCH BAPTIST CHURCH PURPOSE: Hold retreat for pastors & their wives | $10,000 |
FELLOWSHIP BIBLE CHURCH PURPOSE: Hold retreat for pastors & their wives | $10,000 |
ZION FELLOWSHIP PURPOSE: Hold retreat for pastors & their wives | $10,000 |
CONVERGE SOUTHWEST PURPOSE: Hold retreat for pastors & their wives | $10,000 |