FIVETWO NETWORK: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
FIVETWO NETWORK (EIN 27-1764310)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-18
IRS object ID
201701389349300700
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-18T05:45:02-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JONATHAN B TUCKER CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11773 WESTBOROUGH DR STE 304AddressLine1Txt
CityKATYCityNm
State AbbreviationTXStateAbbreviationCd
ZIP774493295ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271764310EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIVETWO NETWORKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFIVEBusinessNameControlTxt
Phone8005912710PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 6526AddressLine1Txt
CityKatyCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77491ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBILL WOOLSEYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8005912710PhoneNum
Signature2017-05-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJONATHAN TUCKERPreparerPersonNm
Phone2817179056PhoneNum
Preparation2017-05-10PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.92.38.83IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-05-18IPDt
IP Tm05:44:54IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id609D28781B40CB8323735E20018BFF7CED44420DAtSubmissionCreationDeviceId
At Submission Filing Device Id609D28781B40CB8323735E20018BFF7CED44420DAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBILL WOOLSEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 6526AddressLine1Txt
CityKatyCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77491ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$591,532GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.fivetwo.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionFiveTwo Network helps Christian entrepreneurs launch a variety of start-ups.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers70TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$299,137PYContributionsGrantsAmt
CY Contributions Grants$292,030CYContributionsGrantsAmt
PY Program Service Revenue$220,613PYProgramServiceRevenueAmt
CY Program Service Revenue$298,659CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$497PYOtherRevenueAmt
CY Other Revenue$843CYOtherRevenueAmt
PY Total Revenue$520,247PYTotalRevenueAmt
CY Total Revenue$591,532CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$261,877PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$307,660CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$252,497PYOtherExpensesAmt
CY Other Expenses$281,502CYOtherExpensesAmt
PY Total Expenses$514,374PYTotalExpensesAmt
CY Total Expenses$589,162CYTotalExpensesAmt
PY Revenues Less Expenses$5,873PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,370CYRevenuesLessExpensesAmt
Total Assets BOY$141,865TotalAssetsBOYAmt
Total Assets EOY$149,042TotalAssetsEOYAmt
Total Liabilities BOY$7,670TotalLiabilitiesBOYAmt
Total Liabilities EOY$13,268TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$134,195NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$135,774NetAssetsOrFundBalancesEOYAmt
MissionFiveTwo Network helps Christian entrepreneurs launch a variety of start-ups.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$378,889ExpenseAmt
Revenue$299,502RevenueAmt
DescWE PROVIDE ASSESSMENT, TRAINING, SUPPORT AND COACHING FOR CHURCH PLANTS & NON-PROFIT & FOR-PROFIT BUSINESSES. THE CAMARADERIE, COACHING AND SUPPORT ALLOW MEN AND WOMEN OF FAITH TO REALIZE THEIR DREAMS OF CREATING A FAITH-BASED START-UP THAT WILL ULTIMATELY LEAD TO MORE BAPTIZED FOLLOWERS OF JESUS. OUR ASSESSMENT HELPS YOU UNCOVER THE CHRISTIAN START-UP THAT JESUS HAS PLACED IN YOU AND OUR SUPPORT & TRAINING HELP THAT START-UP BECOME REALITY.Desc
Total Program Service Expenses$378,889TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document29IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee5EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dove Bookkeeping LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8324261596PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11773 Westborough Dr Ste 204AddressLine1Txt
CityKatyCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77449ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ROB GOODWIN
Chairman1.00Yes (X)Yes (X)$0$0$0
JIM SUMMERS
Vice Chairman1.00Yes (X)Yes (X)$0$0$0
BILL WOOLSEY
President, Executive Director40.00Yes (X)Yes (X)$0$0$0
NATE SCHAUS
Secretary1.00Yes (X)Yes (X)$0$0$0
STEPHEN AMANTE
Treasurer1.00Yes (X)Yes (X)$0$0$0
DUANE HECKMANN
Director1.00Yes (X)$0$0$0
SCOTT RONEY
Director1.00Yes (X)$0$0$0
WILL MANCINI
Director1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$292,030AllOtherContributionsAmt
Total Contributions$292,030TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmt
Conferences813110$58,423
Consulting/speaking813110$150,834
StartNew813110$89,402
FieldValueIRS element (for citing)
Total Program Service Revenue$298,659TotalProgramServiceRevenueAmt
Gross Sales Of Inventory$843GrossSalesOfInventoryAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$843TotalRevenueColumnAmt
Related Or Exempt Func Income$843RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$591,532TotalRevenueColumnAmt
Related Or Exempt Func Income$299,502RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$298,121TotalAmt
Program Services$150,551ProgramServicesAmt
Management And General$147,570ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$9,539TotalAmt
Program Services$4,817ProgramServicesAmt
Management And General$4,722ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$20,295TotalAmt
Program Services$10,249ProgramServicesAmt
Management And General$10,046ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$11,445TotalAmt
Program Services$5,780ProgramServicesAmt
Management And General$5,665ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$23,682TotalAmt
Program Services$11,960ProgramServicesAmt
Management And General$11,722ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$45,208TotalAmt
Program Services$22,830ProgramServicesAmt
Management And General$22,378ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$13,497TotalAmt
Program Services$6,816ProgramServicesAmt
Management And General$6,681ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,008TotalAmt
Program Services$1,519ProgramServicesAmt
Management And General$1,489ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescProgram expensesDesc
Total$164,367TotalAmt
Program Services$164,367ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$589,162TotalAmt
Program Services$378,889ProgramServicesAmt
Management And General$210,273ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$141,865BOYAmt
EOY$147,789EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$1,253EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$141,865BOYAmt
EOY$149,042EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,670BOYAmt
EOY$13,268EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,670BOYAmt
EOY$13,268EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$134,195BOYAmt
EOY$135,774EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$134,195BOYAmt
EOY$135,774EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$141,865BOYAmt
EOY$149,042EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,370ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$791PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,858CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$139,549CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$318,943CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$299,137CurrentTaxYearMinus1YearAmt
Current Tax Year$292,030CurrentTaxYearAmt
Total$1,123,517TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$73,858CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$139,549CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$318,943CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$299,137CurrentTaxYearMinus1YearAmt
Current Tax Year$292,030CurrentTaxYearAmt
Total$1,123,517TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$288,082SubstantialContributorsTotAmt
Public Support Total170$835,435PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$1,123,517TotalSupportAmt
Gross Receipts Rltd Activities$978,332GrossReceiptsRltdActivitiesAmt
Public Support CY1700.74360PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bBOD reviews and approves 990 prior to filing.
Pt VI, Line 19990 available upon written request during normal business hours.
Pt VI, Line 12cAll Board members are required to sign conflict of interest policy as well as disclose any conflicts.

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