Underground Network Incorporated EIN 20-4722214 Form 990 (PDF) Claim this org

Underground Network Incorporated

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Develops church leaders and ideas for more impactful, transformative ministry. For fiscal year 2024 it reported $1.2M in revenue, $1.1M in expenses, and $527K in net assets.Pt I

Type
Religious organization · Religion
Location
Tampa, FL
Website
www.tampaunderground.com
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$1.1M
Net assets
$527K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-4722214 Religious organization Tampa, FL
Form 990 (PDF)
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Size
$1–10M
What they do
Develops church leaders and ideas for more impactful, transformative ministry.
Leadership
Lucas Pulley · Executive Director · $63K
Money in and out
$1.2M revenue, $1.1M expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$527K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $154K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.24 Fundraising $0.04
Program efficiency
72%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
5.6mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▲ +220% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▲ +49%
Expenses
$1.1M
FY2024▲ +35%
Total assets
$527K
FY2024▲ +41%
Total liabilities
$51
FY2024▲ +76%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$527K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$154K
Total assetsPt X · Ln 16$527K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnderground Network Incorporated
EINHdr · item D20-4722214
Principal addressHdr · item CTampa, FL
WebsiteHdr · item Jwww.tampaunderground.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJan 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$62,598Pt VII · Sec A
$22,514Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lucas Pulley’s $63K as Executive Director is at the 22nd percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lucas Pulley$62,598$51,418$44,407$44,658
Brian Sanders$57,990
Brian Sanders$22,514$3,354$5,750$8,448
Brianna Wilkerson$488

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $784K of program spending, described in the organization's own filed words · FY2024.
01

Microchurch Planting

Our main purpose is to help initiate and grow microchurches reaching different groups of people in our community. In 2024, we served over 172 microchurches. Some of our microchurches are need-based and engage people in the margins.

$562Kprogram expense
02

Training Program

We seek to help and provide resources to new and current leaders to do ministry that they are called to do. We offer different training and services that include a summer intenstive, special events, and conferences. In 2024, we offered over 40 unique leadership development platforms tailored for microchurch leaders' needs.

$215Kprogram expense
03

Ministry Center (hub)

This program provides multiuse meeting rooms, co-working spaces, and a separate auditorium. All of which are available to microchurches to use as needed. The hub provides co-work spaces for support and microchurch staff and volunteers, and conference rooms for training and meetings.

$8Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.0M · 82%
Program service revenue$215K · 17%
Other revenue$12K · 1%
Contributions & grants82%$1.0M
Program service revenue17%$215K
Other revenue1%$12K
Investment income$111
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.24 Fundraising $0.04
Program services72%$784K
Management & general24%$261K
Fundraising4%$47K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$513K
Total assetsLn 16$527K
Total liabilitiesLn 26$51
Total net assetsLn 32$527K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $513K · Operating expenses/yr $1.1M
5.6 months
Where the money goes
Program services
Program services $784K · Total expenses $1.1M
72%
Management & General
Management & general $261K · Total expenses $1.1M
24%
Fundraising
Fundraising $47K · Total expenses $1.1M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $17K · Solicited contributions (3-yr avg) $832K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.2M
82%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $215K · Total revenue $1.2M
17%
Investment reliance
Investment income $111 · Total revenue $1.2M
<0.01%
Program self-sufficiency
Program service revenue $215K · Total expenses $1.1M
20%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $839K
+49%
Revenue CAGR
FY2020 $1.6M · FY2024 $1.2M
-6%
Net-asset trend (YoY)
End of year $527K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $1.1M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $527K
Net-asset ratio
Net assets $527K · Total assets $527K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $527K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lucas Pulley · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $63K · Total expenses $1.1M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $443K · Total expenses $1.1M
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 24%
Fundraising cost ratio 5%
Revenue growth 49%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 7 grants · $292K · 2021–2023
Underground Clinic INCFL · FY2023$49,804
Revive and Restore INCFL · FY2023$33,654
Vocreo LLCFY2022$25,737
Revive and Restore INCFL · FY2022$6,439
Underground Clinic INCFL · FY2021$89,457

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$839K revenue · ⤓ 990 PDF
FY2022$808K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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