NEXT Worldwide Inc

Nonprofit profile at a glance

EIN
203860555
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Flower Mound, TX, USA
Phone
9723554100
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,266,810
Expenses
$1,697,571
Assets
$421,793
Liabilities
$18,264

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Wes Searcy (President)
  • Shawn Bettes (Vice President)

Highest reported compensation

  • Wes Searcy (President): $160,470 total reported compensation
  • Shawn Bettes (Vice President): $114,795 total reported compensation
  • Jodi Ramon Part Year (Secretary): $72,070 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

With a desire to see the Gospel proclaimed in all nations, we exist to make and multiply disciples of the next generation through the vehicles of church-planting missions and missional leadership training.

What it reported doing in 2018

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!

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 70
  • Accountability: 91
  • Sustainability: 14
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 77.4%; rating input score 77
  • Fundraising efficiency: $9.42 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 3 of 8 controls in place; rating input score 38
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Pass
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -34%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 20.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: -5.9% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -7.5% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 77.4% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $160K · 9 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity and executive pay
  • Filing history: 8 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • Moderate — Transparency & Controls: Foreign activity oversight: 5 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.