Civic Intelligence

G42 Inc

990EZ • Fiscal year 2023 • EIN 26-0734218

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 19, 2024

6000 Wellspring TrailGainesville, GA 30506

(609) 270-5521

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.21x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

7th percentile

-83%

Higher net margin than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$7,625

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

4th percentile

-84%

Faster asset growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-57%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$41,141

Down $220,111 (-84%) from 2022

Net Assets

Down

$32,701

Down $220,916 (-87%) from 2022

Liabilities

Up

$8,440

Up $805 (+11%) from 2022

Revenue

Down

$67,230

Down $89,321 (-57%) from 2022

Expenses

Down

$123,196

Down $16,972 (-12%) from 2022

Net Income

Down

-$55,966

Down $72,349 (-442%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $71,662Liabilities 2010: $0Net Assets 2010: $71,6622010Assets 2011: $65,995Liabilities 2011: $10,000Net Assets 2011: $55,9952011Assets 2012: $59,919Liabilities 2012: $0Net Assets 2012: $59,9192012Assets 2013: $76,328Liabilities 2013: $0Net Assets 2013: $76,3282013Assets 2015: $124,254Liabilities 2015: $0Net Assets 2015: $124,2542015Assets 2016: $172,920Liabilities 2016: $0Net Assets 2016: $172,9202016Assets 2017: $95,692Liabilities 2017: $0Net Assets 2017: $95,6922017Assets 2018: $92,031Liabilities 2018: $470Net Assets 2018: $91,5612018Assets 2019: $156,075Liabilities 2019: $19,950Net Assets 2019: $136,1252019Assets 2020: $324,476Liabilities 2020: $25,812Net Assets 2020: $298,6642020Assets 2021: $268,504Liabilities 2021: $34,955Net Assets 2021: $233,5492021Assets 2022: $261,252Liabilities 2022: $7,635Net Assets 2022: $253,6172022Assets 2023: $41,141Liabilities 2023: $8,440Net Assets 2023: $32,7012023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2023

Assets$41,141
Liabilities$8,440
Net Assets$32,701

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $165,1722010Expenses 2011: $276,5432011Expenses 2012: $287,8342012Expenses 2013: $314,8552013Revenue 2015: $468,057Expenses 2015: $410,168Net Income 2015: $57,8892015Revenue 2016: $539,876Expenses 2016: $491,210Net Income 2016: $48,6662016Revenue 2017: $266,613Expenses 2017: $345,362Net Income 2017: -$78,7492017Revenue 2018: $368,975Expenses 2018: $391,592Net Income 2018: -$22,6172018Revenue 2019: $429,185Expenses 2019: $359,884Net Income 2019: $69,3012019Revenue 2020: $579,244Expenses 2020: $416,967Net Income 2020: $162,2772020Revenue 2021: $239,601Expenses 2021: $304,931Net Income 2021: -$65,3302021Revenue 2022: $156,551Expenses 2022: $140,168Net Income 2022: $16,3832022Revenue 2023: $67,230Expenses 2023: $123,196Net Income 2023: -$55,9662023Revenue 2024: $6,568Expenses 2024: $29,913Net Income 2024: -$23,3452024

Highlighted filing

2023

Revenue$67,230
Expenses$123,196
Net Income-$55,966
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 19, 2024
Return Version
2022v5.0
Gross Receipts
$67,230
Mission and Program Overview

Mission

G42 is a network of churches, ministries, and businesses with the mission to plant churches and ministries and to spread the Kingdom of God around the world-to inspire and develop leaders who are passionate about the poor, orphans, and laying their lives down for Christ.

Program Services

DescriptionGrantsExpenses
THIS YEAR, ANDREW SHEARMAN CONTINUED HIS MINISTRY PROCLAIMING THE KINGDOM OF GOD TO CHURCHES ACROSS THE WORLD, INCLUDING SPAIN, NEW MEXICO, LOUISIANA, AND WASHINGTON STATE. G42 ALUMNI CONTINUE THEIR TREMENDOUS OUTREACH IN PLACES SUCH AS INDIA AND THAILAND, AND WE ARE GRATEFUL TO HEAR THEIR REPORTS OF LIVES CHANGED, PEOPLE HEALED, AND MANY COMING TO FAITH IN CHRIST. ANDREW CONTINUED TEACHING AT EXCEL COLLEGE IN BLACK MOUNTAIN, NORTH CAROLINA, WHERE HUNDREDS OF STUDENTS HAVE HEARD HIS MESSAGES OF BORN TO BE LOVED AND THE 42ND GENERATION. EXCEL COLLEGE, WHERE MANY ALUMNI ARE ON STAFF, ARE PREPARING TO CARRY ON THIS MESSAGE OF THE 42ND GENERATION TO THEIR LEADERSHIP INSTITUTE AS WELL.$1,000$9,820
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID HEARNSecretary-$7,625-$7,625
ANDREW SHERMANPresidentPT$0--
MICHAEL ZAJASBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
G42 Inc
EIN
26-0734218
Phone
6092705521
Address
6000 WELLSPRING TRAIL, GAINESVILLE, GA 30506

Signing Officer

Name
David Hearn
Title
Secretary
Phone
6092705521
Signed
2024-08-19

Preparer

Firm
Churchshield LLC
Address
15215 ENDEAVOR DR, NOBLESVILLE, IN 46060-4919
Preparer
Ashlee Brooke Thomas
Phone
3175709573
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Payment processing fees 952 reimbursed expenses 895 total 1,847

Form 990-ez, Part I, Line 16

Expenses phone- mijouse 124 usa phone 296 phone and internet 1,907 bank fees 4,671 ministry software 120 website domain 295 meals and entertainment 358 teacher travel 117 mijouse maintenance/suppl 92 usa health tests 198 exchange loss 230 total 8,408

Form 990-ez, Part I, Line 20

Prior period adjustment -164,950

Form 990-ez, Part II, Line 24

Furniture and fixtures 12,477 12,477 less accumulated depreciation 11,954 11,954 vehicles 30,660 30,660 less accumulated depreciation 28,583 28,583 vehicles 12,155 12,155 total 14,755 14,755

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 1,703 8,440 missionary liability accounts 5,932 0

Form 990-ez, Part III

G42 is a network of churches, ministries, and businesses with the mission to plant churches and ministries and to spread the kingdom of god around the world-to inspire and develop leaders who are passionate about the poor, orphans, and laying their lives down for christ.

Form 990-ez, Part III, Line 28

This year, andrew shearman continued his ministry proclaiming the kingdom of god to churches across the world, including spain, new mexico, louisiana, and washington state. G42 alumni continue their tremendous outreach in places such as india and thailand, and we are grateful to hear their reports of lives changed, people healed, and many coming to faith in christ. Andrew continued teaching at excel college in black mountain, north carolina, where hundreds of students have heard his messages of born to be loved and the 42nd generation. Excel college, where many alumni are on staff, are preparing to carry on this message of the 42nd generation to their leadership institute as well.

Raw XML Appendix154 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAYMENT PROCESSING FEES 952 REIMBURSED EXPENSES 895 TOTAL 1,847
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES PHONE- MIJOUSE 124 USA PHONE 296 PHONE AND INTERNET 1,907 BANK FEES 4,671 MINISTRY SOFTWARE 120 WEBSITE DOMAIN 295 MEALS AND ENTERTAINMENT 358 TEACHER TRAVEL 117 MIJOUSE MAINTENANCE/SUPPL 92 USA HEALTH TESTS 198 EXCHANGE LOSS 230 TOTAL 8,408
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT -164,950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FURNITURE AND FIXTURES 12,477 12,477 LESS ACCUMULATED DEPRECIATION 11,954 11,954 VEHICLES 30,660 30,660 LESS ACCUMULATED DEPRECIATION 28,583 28,583 VEHICLES 12,155 12,155 TOTAL 14,755 14,755
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 1,703 8,440 MISSIONARY LIABILITY ACCOUNTS 5,932 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5G42 IS A NETWORK OF CHURCHES, MINISTRIES, AND BUSINESSES WITH THE MISSION TO PLANT CHURCHES AND MINISTRIES AND TO SPREAD THE KINGDOM OF GOD AROUND THE WORLD-TO INSPIRE AND DEVELOP LEADERS WHO ARE PASSIONATE ABOUT THE POOR, ORPHANS, AND LAYING THEIR LIVES DOWN FOR CHRIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS YEAR, ANDREW SHEARMAN CONTINUED HIS MINISTRY PROCLAIMING THE KINGDOM OF GOD TO CHURCHES ACROSS THE WORLD, INCLUDING SPAIN, NEW MEXICO, LOUISIANA, AND WASHINGTON STATE. G42 ALUMNI CONTINUE THEIR TREMENDOUS OUTREACH IN PLACES SUCH AS INDIA AND THAILAND, AND WE ARE GRATEFUL TO HEAR THEIR REPORTS OF LIVES CHANGED, PEOPLE HEALED, AND MANY COMING TO FAITH IN CHRIST. ANDREW CONTINUED TEACHING AT EXCEL COLLEGE IN BLACK MOUNTAIN, NORTH CAROLINA, WHERE HUNDREDS OF STUDENTS HAVE HEARD HIS MESSAGES OF BORN TO BE LOVED AND THE 42ND GENERATION. EXCEL COLLEGE, WHERE MANY ALUMNI ARE ON STAFF, ARE PREPARING TO CARRY ON THIS MESSAGE OF THE 42ND GENERATION TO THEIR LEADERSHIP INSTITUTE AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/PreparerPersonGrp/PhoneNum03175709573
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEE BROOKE THOMAS
ReturnHeader/ReturnTs02024-08-22T14:02:49-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.07$0.30$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.08$0.33$0.67$1.23$0.56
2022Detailed filing. Detailed filing data is available for this year.$2.61$0.08$2.54$1.57$1.40$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.69$0.35$2.34$2.40$3.05$0.65
2020Detailed filing. Detailed filing data is available for this year.$3.24$0.26$2.99$5.79$4.17$1.62
2019Detailed filing. Detailed filing data is available for this year.$1.56$0.20$1.36$4.29$3.60$0.69
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$3.69$3.92$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$2.67$3.45$0.79
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$5.40$4.91$0.49
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$4.68$4.10$0.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.00$0.76$3.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$2.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.10$0.56$2.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$1.65