Liabilities / Assets
67th percentile
Higher debt load relative to assets than 67% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
62nd percentile
Higher debt load relative to revenue than 62% of similar nonprofits.
Net Margin
30th percentile
Higher net margin than 30% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$48,165
No earlier filing loaded for comparison.
Net Assets
$47,258
No earlier filing loaded for comparison.
Liabilities
$907
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$127,850
No earlier filing loaded for comparison.
Expenses
$133,059
No earlier filing loaded for comparison.
Net Income
-$5,209
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Jul 25, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $127,850
Mission and Program Overview
Mission
The 242 network is a church planting network that is leveraging resources in a disengaged culture to multiply healthy churches. In accordance with this mission, the 242 network seeks to bring glory to god through kingdom relationships with individuals and churches who share in our unique biblical calling to see healthy church planters'develop and cultivate healthy churches.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE 242 NETWORK IS A CHURCH PLANTING NETWORK THAT IS LEVERAGING RESOURCES IN A DISENGAGED CULTURE TO MULTIPLY HEALTHY CHURCHES. IN ACCORDANCE WITH THIS MISSION, THE 242 NETWORK SEEKS TO BRING GLORY TO GOD THROUGH KINGDOM RELATIONSHIPS WITH INDIVIDUALS AND CHURCHES WHO SHARE IN OUR UNIQUE BIBLICAL CALLING TO SEE HEALTHY CHURCH PLANTERS'DEVELOP AND CULTIVATE HEALTHY CHURCHES. | - | $123,175 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ERIC SMITH | Director | - | $0 | - | - |
| GREG BELSER | President | - | $0 | - | - |
| JEFF WALTERS | Treasurer | - | $0 | - | - |
| JASON FORD | Director | - | $0 | - | - |
| GUY BURKE | Secretary | - | $0 | - | - |
| KATHRYN MAYO | Financial Se | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- 242 Network Inc
- EIN
- 47-1706045
- Phone
- 6624294436
- Address
- 1100 MCINGVALE RD, HERNANDO, MS 38632
Signing Officer
- Name
- Kathryn Mayo
- Title
- Financial Secretary
- Phone
- 6624491044
- Signed
- 2022-07-25
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Williams Pitts & Beard Pllc
- Address
- 2042 MCINGVALE RD STE A, HERNANDO, MS 38632-8706
- Preparer
- Corinna May
- Phone
- 6624294436
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses 279 information technology 879 assessment retreats 7,843 hub operations 9,830 planter development 6,202 total 25,033”
Form 990-ez, Part II, Line 26
“Credit cards payable 18 345 payroll liabilities 0 562”
Form 990-ez, Part III
“The 242 network is a church planting network that is leveraging resources in a disengaged culture to multiply healthy churches. In accordance with this mission, the 242 network seeks to bring glory to god through kingdom relationships with individuals and churches who share in our unique biblical calling to see healthy church planters'develop and cultivate healthy churches.”
Form 990-ez, Part III, Line 28
“The 242 network is a church planting network that is leveraging resources in a disengaged culture to multiply healthy churches. In accordance with this mission, the 242 network seeks to bring glory to god through kingdom relationships with individuals and churches who share in our unique biblical calling to see healthy church planters'develop and cultivate healthy churches.”
Raw XML Appendix141 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KATHRYN MAYO |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6624294436 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 252 GOLDEN POND DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | COLDWATER |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MS |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38618 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 52485 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 48165 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 127850 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -5209 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 975 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 52485 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 48165 |
| IRS990EZ/GrossReceiptsAmt | 0 | 127850 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 52467 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 47258 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 52467 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 47258 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ERIC SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | GREG BELSER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JEFF WALTERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JASON FORD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | GUY BURKE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | KATHRYN MAYO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | FINANCIAL SE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 25033 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE 242 NETWORK IS A CHURCH PLANTING NETWORK THAT IS LEVERAGING RESOURCES IN A DISENGAGED CULTURE TO MULTIPLY HEALTHY CHURCHES. IN ACCORDANCE WITH THIS MISSION, THE 242 NETWORK SEEKS TO BRING GLORY TO GOD THROUGH KINGDOM RELATIONSHIPS WITH INDIVIDUALS AND CHURCHES WHO SHARE IN OUR UNIQUE BIBLICAL CALLING TO SEE HEALTHY CHURCH PLANTERS'DEVELOP AND CULTIVATE HEALTHY CHURCHES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE 242 NETWORK IS A CHURCH PLANTING NETWORK THAT IS LEVERAGING RESOURCES IN A DISENGAGED CULTURE TO MULTIPLY HEALTHY CHURCHES. IN ACCORDANCE WITH THIS MISSION, THE 242 NETWORK SEEKS TO BRING GLORY TO GOD THROUGH KINGDOM RELATIONSHIPS WITH INDIVIDUALS AND CHURCHES WHO SHARE IN OUR UNIQUE BIBLICAL CALLING TO SEE HEALTHY CHURCH PLANTERS'DEVELOP AND CULTIVATE HEALTHY CHURCHES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 123175 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 107051 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 18 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 907 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 133059 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 123175 |
| IRS990EZ/TotalRevenueAmt | 0 | 127850 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.242NETWORK.COM |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 127850 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 128986 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 108211 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 365047 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 365047 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 127850 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 128986 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 108211 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 365047 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 365047 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 279 INFORMATION TECHNOLOGY 879 ASSESSMENT RETREATS 7,843 HUB OPERATIONS 9,830 PLANTER DEVELOPMENT 6,202 TOTAL 25,033 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CREDIT CARDS PAYABLE 18 345 PAYROLL LIABILITIES 0 562 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 242 NETWORK IS A CHURCH PLANTING NETWORK THAT IS LEVERAGING RESOURCES IN A DISENGAGED CULTURE TO MULTIPLY HEALTHY CHURCHES. IN ACCORDANCE WITH THIS MISSION, THE 242 NETWORK SEEKS TO BRING GLORY TO GOD THROUGH KINGDOM RELATIONSHIPS WITH INDIVIDUALS AND CHURCHES WHO SHARE IN OUR UNIQUE BIBLICAL CALLING TO SEE HEALTHY CHURCH PLANTERS'DEVELOP AND CULTIVATE HEALTHY CHURCHES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE 242 NETWORK IS A CHURCH PLANTING NETWORK THAT IS LEVERAGING RESOURCES IN A DISENGAGED CULTURE TO MULTIPLY HEALTHY CHURCHES. IN ACCORDANCE WITH THIS MISSION, THE 242 NETWORK SEEKS TO BRING GLORY TO GOD THROUGH KINGDOM RELATIONSHIPS WITH INDIVIDUALS AND CHURCHES WHO SHARE IN OUR UNIQUE BIBLICAL CALLING TO SEE HEALTHY CHURCH PLANTERS'DEVELOP AND CULTIVATE HEALTHY CHURCHES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KATHRYN MAYO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | FINANCIAL SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6624491044 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-07-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | 242 NETWORK INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | 242N |
| ReturnHeader/Filer/EIN | 0 | 471706045 |
| ReturnHeader/Filer/PhoneNum | 0 | 6624294436 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1100 MCINGVALE RD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HERNANDO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MS |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 38632 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 640933806 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WILLIAMS PITTS & BEARD PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2042 MCINGVALE RD STE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | HERNANDO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 386328706 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6624294436 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-08-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CORINNA MAY |
| ReturnHeader/ReturnTs | 0 | 2022-08-12T09:38:50-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | KATHRYN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MAYO |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $48,165
- Liabilities
- $907
- Net assets
- $47,258
- Revenue
- $127,850
- Expenses
- $133,059
- Net income
- -$5,209