Civic Intelligence

Verge Network Inc

EIN 84-2256202 • 501(c)3 • Atlanta, GA

Profile

Verge network exists to equip leaders for mission. Verge network is for church leaders, students, entrepreneurs, artists, urban innovators, business leaders, community development specialists, non-profit leaders, church planters and everyday leaders anyone pursuing the mission of god, in community, whatever the context, for the sake of the gospel.verge leaders and churches are engaged in the mission of god, centered around the gospel, in community, and understand the value of staying current on issues surrounding the mission of god. Verge network has a passionate and engaged audience of leaders who want to see the gospel change them, change their communities, change the neighbors and change the world.with over 250,000 members, students and subscribers you are joining an incredible tribe of missional leaders who also want to see god change their worlds.

475 Boulevard NEAtlanta, GA 30308

www.vergenetwork.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

15th percentile

-44%

Higher net margin than 15% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-55%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

28th percentile

-25%

Faster revenue growth than 28% of similar nonprofits.

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

Assets

Down

$42,251

Down $52,343 (-55%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$42,251

Down $52,343 (-55%) from 2022

Revenue

Down

$119,944

Down $39,824 (-25%) from 2022

Expenses

Down

$172,548

Down $6,123 (-3.4%) from 2022

Net Income

Down

-$52,604

Down $33,701 (-178%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2020: $84,701Liabilities 2020: $0Net Assets 2020: $84,7012020Assets 2021: $113,497Liabilities 2021: $0Net Assets 2021: $113,4972021Assets 2022: $94,594Liabilities 2022: $0Net Assets 2022: $94,5942022Assets 2023: $42,251Liabilities 2023: $0Net Assets 2023: $42,2512023

Highlighted filing

2023

Assets$42,251
Liabilities$0
Net Assets$42,251

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2020: $352,005Expenses 2020: $267,304Net Income 2020: $84,7012020Revenue 2021: $228,460Expenses 2021: $203,665Net Income 2021: $24,7952021Revenue 2022: $159,768Expenses 2022: $178,671Net Income 2022: -$18,9032022Revenue 2023: $119,944Expenses 2023: $172,548Net Income 2023: -$52,6042023

Highlighted filing

2023

Revenue$119,944
Expenses$172,548
Net Income-$52,604

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 12, 2024
Return Version
2022v5.0
Gross Receipts
$119,944
Mission and Program Overview

Mission

Verge network exists to equip leaders for mission. Verge network is for church leaders, students, entrepreneurs, artists, urban innovators, business leaders, community development specialists, non-profit leaders, church planters and everyday leaders anyone pursuing the mission of god, in community, whatever the context, for the sake of the gospel.verge leaders and churches are engaged in the mission of god, centered around the gospel, in community, and understand the value of staying current on issues surrounding the mission of god. Verge network has a passionate and engaged audience of leaders who want to see the gospel change them, change their communities, change the neighbors and change the world.with over 250,000 members, students and subscribers you are joining an incredible tribe of missional leaders who also want to see god change their worlds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77,799$26,539▼ $51,260
Accounts Receivable$16,795$15,712▼ $1,083
Total Assets$94,594$42,251▼ $52,343
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$94,594$42,251▼ $52,343
Total Net Assets Fund Balance$94,594$42,251▼ $52,343
Total Liabilities and Net Assets / Fund Balance$94,594$42,251▼ $52,343
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael StewartBoard Chairman
Dhati LewisSecretary
Doug PhillipsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$119,944
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-52,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$172,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$127,122--$127,122
Information Technology$6,258$6,258-$12,516
Office Expenses-$12,124-$12,124
Advertising$9,883--$9,883
Fees for Services Accounting-$3,483-$3,483
Occupancy-$2,925-$2,925
Other Expenses$114$68-$68
Total Functional Expenses$143,377$29,171$0$172,548
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
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

Prior to filing the form 990, a draft version is circulated to all board members. Board members are encouraged to ask questions by e-mail or directly to organizational staff.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy may be found in the organization's bylaws, article 8. In january, the board reviews the conflict of interest policy at its annual retreat. Each board member signs an annual statement regarding the conflict of interest policy which confirms that each board member has: received a copy of the conflict of interest policy; read and understands the policy; agrees to comply with the policy; and understands that the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. These statements are renewed annually. When a conflict of interest is identified, the interested person shall leave the meeting and the remaining board members shall discuss and vote on the transaction or arrangement involving the possible conflict of interest. The board will exercise due diligence and investigate alternatives to the proposed transaction/arrangement that would result in a more advantageous transaction/arrangement that would not give rise to a conflict of interest. If a more advantageous transaction/arrangement is not reasonably possible under the circumstances, the board of directors or an appropriate committee shall determine by majority vote of disinterested directors whether the transaction/arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. The board shall make a decision based on the above determination.

Form 990, Part VI, Section B, Line 15

The executive director staff researched comparable salaries for executive directors for organizations of similar size.

Form 990, Part VI, Section C, Line 18

The organization makes its form 1023 and form 990 available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Michael stewart - 527 boulevard pl ne, atlanta, ga 30308. Dhati lewis - 475 boulevard ave ne, atlanta, ga 30308. Doug phillips - 313 e. Anderson lane, bldg 3, suite 100, austin, tx 78752.

Filing and Contact Details

Filer

Filer Name
Verge Network Inc
EIN
84-2256202
Phone
8778295500
Address
475 BOULEVARD NE, ATLANTA, GA 30308

Signing Officer

Name
Michael Stewart
Title
Executive Director
Phone
8778295500
Signed
2024-07-12

Organization Details

Principal Officer
Michael Stewart
Formed
2019
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Marshall Jones
Address
3097 E SHADOWLAWN AVE NE, ATLANTA, GA 30305
Preparer
Nathan Lummus
Phone
4042312001
Raw XML Appendix323 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/ActivityOrMissionDesc0VERGE NETWORK EXISTS TO EQUIP LEADERS FOR MISSION. VERGE NETWORK IS FOR CHURCH LEADERS, STUDENTS, ENTREPRENEURS, ARTISTS, URBAN INNOVATORS, BUSINESS LEADERS, COMMUNITY DEVELOPMENT SPECIALISTS, NON-PROFIT LEADERS, CHURCH PLANTERS AND EVERYDAY LEADERS ANYONE PURSUING THE MISSION OF GOD, IN COMMUNITY, WHATEVER THE CONTEXT, FOR THE SAKE OF THE GOSPEL.VERGE LEADERS AND CHURCHES ARE ENGAGED IN THE MISSION OF GOD, CENTERED AROUND THE GOSPEL, IN COMMUNITY, AND UNDERSTAND THE VALUE OF STAYING CURRENT ON ISSUES SURROUNDING THE MISSION OF GOD. VERGE NETWORK HAS A PASSIONATE AND ENGAGED AUDIENCE OF LEADERS WHO WANT TO SEE THE GOSPEL CHANGE THEM, CHANGE THEIR COMMUNITIES, CHANGE THE NEIGHBORS AND CHANGE THE WORLD.WITH OVER 250,000 MEMBERS, STUDENTS AND SUBSCRIBERS YOU ARE JOINING AN INCREDIBLE TRIBE OF MISSIONAL LEADERS WHO ALSO WANT TO SEE GOD CHANGE THEIR WORLDS.
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IRS990/MissionDesc0VERGE NETWORK EXISTS TO EQUIP LEADERS FOR MISSION. VERGE NETWORK IS FOR CHURCH LEADERS, STUDENTS, ENTREPRENEURS, ARTISTS, URBAN INNOVATORS, BUSINESS LEADERS, COMMUNITY DEVELOPMENT SPECIALISTS, NON-PROFIT LEADERS, CHURCH PLANTERS AND EVERYDAY LEADERS ANYONE PURSUING THE MISSION OF GOD, IN COMMUNITY, WHATEVER THE CONTEXT, FOR THE SAKE OF THE GOSPEL.VERGE LEADERS AND CHURCHES ARE ENGAGED IN THE MISSION OF GOD, CENTERED AROUND THE GOSPEL, IN COMMUNITY, AND UNDERSTAND THE VALUE OF STAYING CURRENT ON ISSUES SURROUNDING THE MISSION OF GOD. VERGE NETWORK HAS A PASSIONATE AND ENGAGED AUDIENCE OF LEADERS WHO WANT TO SEE THE GOSPEL CHANGE THEM, CHANGE THEIR COMMUNITIES, CHANGE THE NEIGHBORS AND CHANGE THE WORLD.WITH OVER 250,000 MEMBERS, STUDENTS AND SUBSCRIBERS YOU ARE JOINING AN INCREDIBLE TRIBE OF MISSIONAL LEADERS WHO ALSO WANT TO SEE GOD CHANGE THEIR WORLDS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING THE FORM 990, A DRAFT VERSION IS CIRCULATED TO ALL BOARD MEMBERS. BOARD MEMBERS ARE ENCOURAGED TO ASK QUESTIONS BY E-MAIL OR DIRECTLY TO ORGANIZATIONAL STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S CONFLICT OF INTEREST POLICY MAY BE FOUND IN THE ORGANIZATION'S BYLAWS, ARTICLE 8. IN JANUARY, THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AT ITS ANNUAL RETREAT. EACH BOARD MEMBER SIGNS AN ANNUAL STATEMENT REGARDING THE CONFLICT OF INTEREST POLICY WHICH CONFIRMS THAT EACH BOARD MEMBER HAS: RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; READ AND UNDERSTANDS THE POLICY; AGREES TO COMPLY WITH THE POLICY; AND UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THESE STATEMENTS ARE RENEWED ANNUALLY. WHEN A CONFLICT OF INTEREST IS IDENTIFIED, THE INTERESTED PERSON SHALL LEAVE THE MEETING AND THE REMAINING BOARD MEMBERS SHALL DISCUSS AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE BOARD WILL EXERCISE DUE DILIGENCE AND INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION/ARRANGEMENT THAT WOULD RESULT IN A MORE ADVANTAGEOUS TRANSACTION/ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION/ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR AN APPROPRIATE COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF DISINTERESTED DIRECTORS WHETHER THE TRANSACTION/ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. THE BOARD SHALL MAKE A DECISION BASED ON THE ABOVE DETERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR STAFF RESEARCHED COMPARABLE SALARIES FOR EXECUTIVE DIRECTORS FOR ORGANIZATIONS OF SIMILAR SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MICHAEL STEWART - 527 BOULEVARD PL NE, ATLANTA, GA 30308. DHATI LEWIS - 475 BOULEVARD AVE NE, ATLANTA, GA 30308. DOUG PHILLIPS - 313 E. ANDERSON LANE, BLDG 3, SUITE 100, AUSTIN, TX 78752.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt094594
IRS990/TotalAssetsEOYAmt042251
IRS990/TotalAssetsGrp/BOYAmt094594
IRS990/TotalAssetsGrp/EOYAmt042251
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029171
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0143377
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172548
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt094594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt042251
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0143377
IRS990/TotalProgramServiceRevenueAmt0119944
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0119944
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0119944
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt094594
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042251
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0475 BOULEVARD NE
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030308
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.VERGENETWORK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERGE NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0VERG
ReturnHeader/Filer/EIN0842256202
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt0475 BOULEVARD NE
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030308
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832175462
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARSHALL JONES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03097 E SHADOWLAWN AVE NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030305
ReturnHeader/PreparerPersonGrp/PhoneNum04042312001
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHAN LUMMUS
ReturnHeader/ReturnTs02024-07-12T11:00:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEWART
ReturnHeader/TaxPeriodBeginDt02022-09-01
ReturnHeader/TaxPeriodEndDt02023-08-31
ReturnHeader/TaxYr02022

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