Civic Intelligence

Fivetwo Network

990 • Fiscal year 2020 • EIN 27-1764310

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 12, 2021

Organization Profilewww.fivetwo.com
PO Box 644Buchanan Dam, TX 78609

(800) 591-2710

Siviq Scores

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

Liabilities / Assets

50th percentile

0.05x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.02x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

9th percentile

-45%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

95th percentile

$167,072

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

2nd percentile

-58%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-47%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$194,043

Down $270,951 (-58%) from 2019

Net Assets

Down

$184,999

Down $266,750 (-59%) from 2019

Liabilities

Down

$9,044

Down $4,201 (-32%) from 2019

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin9th percentile

Revenue

Down

$595,221

Down $525,516 (-47%) from 2019

Expenses

Up

$865,523

Up $58,315 (+7.2%) from 2019

Net Income

Down

-$270,302

Down $583,831 (-186%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

2020

Assets$194,043
Liabilities$9,044
Net Assets$184,999
Open 2020 Filing

Operations Trend

Revenue Growth11th percentile

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

2020

Revenue$595,221
Expenses$865,523
Net Income-$270,302
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 12, 2021
Return Version
2020v4.1
Gross Receipts
$595,221
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 is a training network designed for Christian entrepreneurs equipping them to launch faith-based startups that bring the presence of Jesus into their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$350,933$123,714▼ $227,219
Cash and Non-Interest-Bearing Accounts$108,103$57,977▼ $50,126
Accounts Receivable$5,958$12,352▲ $6,394
Total Assets$464,994$194,043▼ $270,951
Liabilities
Accounts Payable and Accrued Expenses$13,245$9,044▼ $4,201
Total Liabilities$13,245$9,044▼ $4,201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$444,091$157,218▼ $286,873
Net Assets With Donor Restrictions$7,658$27,781▲ $20,123
Total Net Assets Fund Balance$451,749$184,999▼ $266,750
Total Liabilities and Net Assets / Fund Balance$464,994$194,043▼ $270,951
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill WoolseyFounder & PresidentFT$81,711$85,361$167,072
Bill Woolsey--$81,711$85,361$167,072
Scott RoneySecretary-$73,336-$73,336

Board Members and Trustees

NameTitle
Robert GoodwinChairman
Jim SummersVice Chairman
Duane HeckmannDirector
Stephen AmanteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$343,878
Program Service Revenue
$246,277
Investment Income
$4,293
Other Revenue
$773
All Other Contributions
$343,878
Change in Net Assets
$-270,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$571,010
Salaries, Compensation, and Employee Benefits$294,513
Total Fundraising Expense$96,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$62,891$134,862$0$197,753
Current Officers, Directors, Trustees, and Key Employees$0$167,072$0$167,072
Other Salaries and Wages$0$127,441$0$127,441
Office Expenses$2,495$20,147$71,177$93,819
Advertising$8,175$41,649$24,818$74,642
Information Technology$902$25,536$0$26,438
Conferences and Meetings$81$17,526$563$18,170
Other Expenses$12,870$0$0$12,870
Travel$47$6,574$0$6,621
Insurance$0$2,637$0$2,637
Total Functional Expenses$225,521$543,444$96,558$865,523
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
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 644, Buchanan Dam, TX 78609

Signing Officer

Name
Bill Woolsey
Title
President
Phone
8005912710
Signed
2021-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Woolsey
Formed
2010
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
0
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.”

Pt VII, Col (F)

“Housing allowance reported on W-2 Box 14.”

Form 990, Part IX, Line 11G

“Legal & Accounting 20364. 0. 20364. 0.”

Form 990, Part IX, Line 11G

“Contract staff 177389. 62891. 114498. 0.”

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01977705
IRS990ScheduleA/TotalSupportAmt01983163
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Bill Woolsey
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Housing allowance: (Form W-2, box 14) 85361.52
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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/ExplanationTxt3Housing allowance reported on W-2 Box 14.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Legal & Accounting 20364. 0. 20364. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Contract staff 177389. 62891. 114498. 0.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VII, Col (F)
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 644
IRS990/USAddress/CityNm0Buchanan Dam
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IRS990/USAddress/ZIPCd078609
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Bill Woolsey
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08005912710
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIVETWO NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0FIVE
ReturnHeader/Filer/EIN0271764310

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$194,043
Liabilities
$9,044
Net assets
$184,999
Revenue
$595,221
Expenses
$865,523
Net income
-$270,302
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