Civic Intelligence

Fivetwo Network

990 • Fiscal year 2023 • EIN 27-1764310

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 08, 2024

Organization ProfileWWW.FIVETWO.COM
100 County Road 139ABurnet, TX 78611

(800) 591-2710

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

94th percentile

65%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

91st percentile

$215,561

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

99th percentile

922%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

190%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$1,146,361

Up $1,034,180 (+922%) from 2022

Net Assets

Up

$1,136,072

Up $1,029,258 (+964%) from 2022

Liabilities

Up

$10,289

Up $4,922 (+92%) from 2022

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin94th percentile

Revenue

Up

$1,591,977

Up $1,042,865 (+190%) from 2022

Expenses

Up

$561,469

Up $64,307 (+13%) from 2022

Net Income

Up

$1,030,508

Up $978,558 (+1884%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2023

Assets$1,146,361
Liabilities$10,289
Net Assets$1,136,072
Open 2023 Filing

Operations Trend

Revenue Growth95th 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

2023

Revenue$1,591,977
Expenses$561,469
Net Income$1,030,508
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 8, 2024
Return Version
2023v5.0
Gross Receipts
$1,591,977
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.

Customized coaching to grow your church. We help create lasting unity & momentum for growth. (see attached description).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$86,391$1,124,180▲ $1,037,789
Savings and Temporary Cash Investments$10,075$17,281▲ $7,206
Accounts Receivable$15,715$4,900▼ $10,815
Total Assets$112,181$1,146,361▲ $1,034,180
Liabilities
Accounts Payable and Accrued Expenses$5,367$10,289▲ $4,922
Total Liabilities$5,367$10,289▲ $4,922
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,004$1,064,538▲ $1,037,534
Net Assets Without Donor Restrictions$79,810$71,534▼ $8,276
Total Net Assets Fund Balance$106,814$1,136,072▲ $1,029,258
Total Liabilities and Net Assets / Fund Balance$112,181$1,146,361▲ $1,034,180
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill WoolseyChairmanFT$94,195$121,366$94,195

Board Members and Trustees

NameTitle
Doug AllenDirector
Kerry NicholasDirector
Robert GoodwinDirector
Tanya SkiltonSecretary
Bob CarsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,336,710
Program Service Revenue
$253,399
Investment Income
$1,868
Other Revenue
$0
All Other Contributions
$1,336,710
Change in Net Assets
$1,030,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$323,914
Other Expenses$237,555
Total Fundraising Expense$67,134
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$16,083$199,478-$215,561
Other Salaries and Wages$53,448$54,905-$108,353
Office Expenses$24,798$19,673$57,436$101,907
Travel$39,315$10,121-$49,436
Information Technology$14,641$23,434$9,698$47,773
Fees for Services Accounting-$19,557-$19,557
Other Expenses$16,183--$16,183
Insurance-$2,699-$2,699
Total Functional Expenses$164,468$329,867$67,134$561,469
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
Backup withholding compliance
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Bod reviews and approves 990 prior to filing”

Form 990, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 19

“No documents available to public.”

Form 990, Part VII

“Compensation paid by a local church. Fivetwo reimburses church for the total payments.”

Filing and Contact Details

Filer

Filer Name
Fivetwo Network
EIN
27-1764310
Phone
8005912710
Address
100 COUNTY ROAD 139A, BURNET, TX 78611

Signing Officer

Name
Bill Woolsey
Title
Chairman
Phone
8005912710
Signed
2024-11-08
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
0
Volunteers
70

Preparer

Firm
Ratliff & Associates Pc
Address
2501 PARKVIEW DR STE 205, FORT WORTH, TX 76102
Preparer
Jonathan Tucker
Phone
8173323222
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Raw XML Appendix354 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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IRS990/MissionDesc0THE 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.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN 2023, FIVETWO NETWORK RECEIVED AN UNUSUAL GRANT FROM A PRIVATE FOUNDATION IN THE AMOUNT OF 1,047,034. THE GRANT IS DIRECTLY RELATED THE ORGANIZATION'S PROGRAMS.
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt094195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0121366
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BILL WOOLSEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIRMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt094195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0121366
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOD REVIEWS AND APPROVES 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST POLICY AS WELL AS DISCLOSE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION PAID BY A LOCAL CHURCH. FIVETWO REIMBURSES CHURCH FOR THE TOTAL PAYMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0112181
IRS990/TotalAssetsEOYAmt01146361
IRS990/TotalAssetsGrp/BOYAmt0112181
IRS990/TotalAssetsGrp/EOYAmt01146361
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01336710
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt067134
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0329867
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0164468
IRS990/TotalFunctionalExpensesGrp/TotalAmt0561469
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05367
IRS990/TotalLiabilitiesEOYAmt010289
IRS990/TotalLiabilitiesGrp/BOYAmt05367
IRS990/TotalLiabilitiesGrp/EOYAmt010289
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0106814
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01136072
IRS990/TotalProgramServiceExpensesAmt0164468
IRS990/TotalProgramServiceRevenueAmt0253399
IRS990/TotalReportableCompFromOrgAmt094195
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0255267
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01591977
IRS990/TotalVolunteersCnt070
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0112181
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01146361
IRS990/TotReportableCompRltdOrgAmt0121366
IRS990/TravelGrp/ManagementAndGeneralAmt010121
IRS990/TravelGrp/ProgramServicesAmt039315
IRS990/TravelGrp/TotalAmt049436
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 COUNTY ROAD 139A
IRS990/USAddress/CityNm0BURNET
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078611
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.FIVETWO.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL WOOLSEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum08005912710
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIVETWO NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0FIVE
ReturnHeader/Filer/EIN0271764310
ReturnHeader/Filer/PhoneNum08005912710
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 COUNTY ROAD 139A
ReturnHeader/Filer/USAddress/CityNm0BURNET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078611
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RATLIFF & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02501 PARKVIEW DR STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076102
ReturnHeader/PreparerPersonGrp/PhoneNum08173323222
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN TUCKER
ReturnHeader/ReturnTs02024-11-08T12:12:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,146,361
Liabilities
$10,289
Net assets
$1,136,072
Revenue
$1,591,977
Expenses
$561,469
Net income
$1,030,508
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