Newthing Nfp

Nonprofit profile at a glance

EIN
204627269
IRS 990 coverage
2022–2022
Forms available
Form 990 2022
Location
Naperville, IL, USA
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Reported finances

Revenue
$939,402
Expenses
$1,128,447
Assets
$777,159
Liabilities
$54,110

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DAVE FERGUSON (PRESIDENT)

Highest reported compensation

  • PATRICK O'CONNELL (EXECUTIVE DI): $79,000 total reported compensation
  • DAVE FERGUSON (PRESIDENT): $32,000 total reported compensation
  • JONATHAN FERGUSON (DIRECTOR): $25,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Newthing's mission is to be a catalyst for reproducing disciples, leaders, churches, networks, and movements.

What it reported doing in 2022

Our primary clients are churches who are committed to the mission of helping people find their way back to god. We train and equip the leaders of those churches to reproduce disciples, leaders, churches, networks and movements. At the end of 2022, we had established 1696 networks of churches in 9 global regions and 41 countries. By the end of 2023, we established 298 new networks of churches and expanded into 6 new countries. Over 14,000 churches and over 50,000 leaders were trained in 2023.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 63
  • Sustainability: 23
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.1%; rating input score 90
  • Program expense ratio: 75%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 11
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -20.1%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 12.1%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 90.1% of revenue deployed · 75% of spending went to programs
  • Governance: 5 of 5 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $846K in reported program spending
  • Leadership: top reported pay $79K · 5 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.