Civic Intelligence

Fivetwo Network

990 • Fiscal year 2017 • EIN 27-1764310

Jan 01, 2017 to Dec 31, 2017 • Filed on May 07, 2018

PO Box 6526Katy, TX 77491

(800) 591-2710

Siviq Scores

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

Liabilities / Assets

65th percentile

0.13x

Higher debt load relative to assets than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

48th percentile

0.03x

Higher debt load relative to revenue than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

38th percentile

-0.2%

Higher net margin than 38% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$69,142

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

50th percentile

3.3%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.5%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$153,899

Up $4,857 (+3.3%) from 2016

Net Assets

Down

$134,534

Down $1,240 (-0.9%) from 2016

Liabilities

Up

$19,365

Up $6,097 (+46%) from 2016

Revenue

Up

$630,248

Up $38,716 (+6.5%) from 2016

Expenses

Up

$631,655

Up $42,493 (+7.2%) from 2016

Net Income

Down

-$1,407

Down $3,777 (-159%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $52,686Net Assets 2012: $52,6862012Assets 2013: $76,594Liabilities 2013: $0Net Assets 2013: $76,5942013Assets 2014: $129,807Liabilities 2014: $985Net Assets 2014: $128,8222014Assets 2015: $141,865Liabilities 2015: $7,670Net Assets 2015: $134,1952015Assets 2016: $149,042Liabilities 2016: $13,268Net Assets 2016: $135,7742016Assets 2017: $153,899Liabilities 2017: $19,365Net Assets 2017: $134,5342017Assets 2018: $157,795Liabilities 2018: $19,575Net Assets 2018: $138,2202018Assets 2019: $464,994Liabilities 2019: $13,245Net Assets 2019: $451,7492019Assets 2020: $194,043Liabilities 2020: $9,044Net Assets 2020: $184,9992020Assets 2021: $60,082Liabilities 2021: $5,018Net Assets 2021: $55,0642021Assets 2022: $112,181Liabilities 2022: $5,367Net Assets 2022: $106,8142022Assets 2023: $1,146,361Liabilities 2023: $10,289Net Assets 2023: $1,136,0722023Assets 2024: $806,586Liabilities 2024: $57,669Net Assets 2024: $748,9172024

Highlighted filing

2017

Assets$153,899
Liabilities$19,365
Net Assets$134,534

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $114,150Expenses 2012: $101,168Net Income 2012: $12,9822012Revenue 2013: $304,454Expenses 2013: $280,544Net Income 2013: $23,9102013Revenue 2014: $416,053Expenses 2014: $363,825Net Income 2014: $52,2282014Revenue 2015: $520,247Expenses 2015: $514,374Net Income 2015: $5,8732015Revenue 2016: $591,532Expenses 2016: $589,162Net Income 2016: $2,3702016Revenue 2017: $630,248Expenses 2017: $631,655Net Income 2017: -$1,4072017Revenue 2018: $724,823Expenses 2018: $721,137Net Income 2018: $3,6862018Revenue 2019: $1,120,737Expenses 2019: $807,208Net Income 2019: $313,5292019Revenue 2020: $595,221Expenses 2020: $865,523Net Income 2020: -$270,3022020Revenue 2021: $416,258Expenses 2021: $544,523Net Income 2021: -$128,2652021Revenue 2022: $549,112Expenses 2022: $497,162Net Income 2022: $51,9502022Revenue 2023: $1,591,977Expenses 2023: $561,469Net Income 2023: $1,030,5082023Revenue 2024: $660,487Expenses 2024: $1,047,642Net Income 2024: -$387,1552024

Highlighted filing

2017

Revenue$630,248
Expenses$631,655
Net Income-$1,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 7, 2018
Return Version
2017v2.2
Gross Receipts
$632,860
Mission and Program Overview

Mission

The fivetwo mission people are less attracted to church. The come-to-us model isnt as effective in our changing culture. People are, however, more attracted to community and cause. Live local relationships and make-a-difference efforts are especially valued among younger generations. We need two-way bridges from church to culture for people to meet jesus. We need to activate churches and faith-based ventures to bring the church outside the church walls so more people meet jesus where they live.

Fivetwo network equips christian entrepreneurs to launch a variety of sustainable start-ups that reach people for jesus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$147,789$137,710▼ $10,079
Accounts Receivable$1,253$12,197▲ $10,944
Investments in Publicly Traded Securities-$3,992-
Total Assets$149,042$153,899▲ $4,857
Liabilities
Accounts Payable and Accrued Expenses$13,268$19,365▲ $6,097
Total Liabilities$13,268$19,365▲ $6,097
Net Assets / Fund Balance
Unrestricted Net Assets$135,774$134,534▼ $1,240
Total Net Assets Fund Balance$135,774$134,534▼ $1,240
Total Liabilities and Net Assets / Fund Balance$149,042$153,899▲ $4,857
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill Woolsey--$66,863$15,541$82,404
Bill WoolseyFounder & PresidentFT$69,142-$69,142

Board Members and Trustees

NameTitle
Rob GoodwinChairman
Jim SummersVice Chairman
Duane HeckmannDirector
Scott RoneyDirector
Nate SchausSecretary
Stephen AmanteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$264,692
Program Service Revenue
$362,312
Investment Income
$198
Other Revenue
$3,046
All Other Contributions
$264,692
Change in Net Assets
$-1,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$372,008
Other Expenses$259,647
Total Fundraising Expense$7,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$26,835$186,508$0$213,343
Other Expenses$153,200$474$851$154,525
Current Officers, Directors, Trustees, and Key Employees$0$153,411$0$153,411
Office Expenses$516$22,902$6,304$29,722
Fees for Services Other$0$22,901$0$22,901
Information Technology$380$21,575$0$21,955
Travel$0$17,861$0$17,861
Advertising$0$10,540$0$10,540
Payroll Taxes$748$4,506$0$5,254
Insurance$0$2,143$0$2,143
Total Functional Expenses$181,679$442,821$7,155$631,655
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fivetwo Network
EIN
27-1764310
Phone
8005912710
Address
PO Box 6526, Katy, TX 77491

Signing Officer

Name
Bill Woolsey
Title
President
Phone
8005912710
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Woolsey
Formed
2010
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
6
Employees
4
Volunteers
70

Preparer

Firm
Jonathan B Tucker CPA
Address
23537 Kingsland Blvd Suite 130, Katy, TX 77494
Preparer
Jonathan Tucker
Phone
7132568341
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

BOD reviews and approves 990 prior to filing.

Pt VI, Line 19

990 available upon written request during normal business hours.

Pt VI, Line 12C

All Board members are required to sign conflict of interest policy as well as disclose any conflicts.

Raw XML Appendix374 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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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Parsonage allowance: (Form W-2, box 14) 77668.32
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 1a
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOD reviews and approves 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 available upon written request during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Board members are required to sign conflict of interest policy as well as disclose any conflicts.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0149042
IRS990/TotalAssetsEOYAmt0153899
IRS990/TotalAssetsGrp/BOYAmt0149042
IRS990/TotalAssetsGrp/EOYAmt0153899
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0264692
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07155
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0442821
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0181679
IRS990/TotalFunctionalExpensesGrp/TotalAmt0631655
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013268
IRS990/TotalLiabilitiesEOYAmt019365
IRS990/TotalLiabilitiesGrp/BOYAmt013268
IRS990/TotalLiabilitiesGrp/EOYAmt019365
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0135774
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0134534
IRS990/TotalProgramServiceExpensesAmt0181679
IRS990/TotalProgramServiceRevenueAmt0362312
IRS990/TotalReportableCompFromOrgAmt069142
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0365556
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0630248
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0149042
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0153899
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt017861
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt017861
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0135774
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0134534
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 6526
IRS990/USAddress/CityNm0Katy
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077491
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.fivetwo.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL WOOLSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08005912710
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIVETWO NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0FIVE
ReturnHeader/Filer/EIN0271764310
ReturnHeader/Filer/PhoneNum08005912710
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 6526
ReturnHeader/Filer/USAddress/CityNm0Katy
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077491
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09CF90AC33EF6CC089C217E54F7311DDE7A87735D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09CF90AC33EF6CC089C217E54F7311DDE7A87735D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.92.15.38
ReturnHeader/FilingSecurityInformation/IPDt02018-05-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm005:17:02
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jonathan B Tucker CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023537 Kingsland Blvd Suite 130
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Katy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077494
ReturnHeader/PreparerPersonGrp/PhoneNum07132568341
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN TUCKER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-07T05:17:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$0.81$0.06$0.75$0.66$1.05$0.39
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$1.59$0.56$1.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.01$0.11$0.55$0.50$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.06$0.42$0.54$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.60$0.87$0.27
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$1.12$0.81$0.31
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.72$0.72$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.63$0.63$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.59$0.59$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.01$0.13$0.52$0.51$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.42$0.36$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.30$0.28$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.05$0.11$0.10$0.01