Acts 2 Network INC FY2023 filing

Tax-deductible

Suffolk, VA501(c)(3)Since 2007ReligionEIN 20-8263807

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To preach,teach and further the cause of the gospel of the lord jesus christ and to advance the christian faith in america and troughout the world by establisining, build-up, extending and renewing the christian church.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average surplus $5K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$459
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$82K
-2% vs prior year
Spent
$296K
To programs
92%
Net assets
$99K
By yearFY2020–FY2025
Revenue
$82K
FY2023▼ -2%
Revenue by fiscal year
FY2020$82K
FY2021$604K
FY2022$83K
FY2023$82K
FY2024$73K
FY2025$62K
Expenses
$296K
FY2023▲ +42%
Expenses by fiscal year
FY2020$88K
FY2021$218K
FY2022$208K
FY2023$296K
FY2024$77K
FY2025$70K
Net assets
$99K
FY2023▼ -68%
Net assets by fiscal year
FY2020$53K
FY2021$439K
FY2022$313K
FY2023$99K
FY2024$96K
FY2025$88K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $272K Management & general 8% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Presidentdirector
$0Pt VII · Sec A
See Acts 2 Network INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Spreading and advancing the Christian faith globally through church establishment and renewal.

Provided by the organization

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1 program · $272K · in their own filed words · FY2023
01

To preach, teach, and further the cause of the gospel of the lord jesus christ and to advance the christian faith in america and throughout the world by establishing, building-up, extending, and renewing the christian chruch through training, teaching and educationing leaders and pastors in the care of their churches and the people…

$272Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$82K
Ln 12
Gifts and grantsLn 1h$82K
Investment incomeLn 3$24
Money outPt IX
$296K
Ln 25
Programscol B$272K
Managementcol C$24K
Owns and owesPt X
$99K
net assets · Ln 32
Cash and savingsLn 1–2$99K
Total assetsLn 16$99K
LiabilitiesLn 26$459
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Investment incomeLn 3$24
Total revenueLn 12$82K
Assets in detailPt X, end of year
CashLn 1$99K
Cash and savings togetherLn 1–2$99K
Land, buildings, equipmentLn 10c$1
Total assetsLn 16$99K
LiabilitiesLn 26$459
Net assetsLn 32$99K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$313K$99K
Land, buildings, equipmentLn 10c$1$1
Total assetsLn 16$314K$99K
LiabilitiesLn 26$306$459
Net assetsLn 32$313K$99K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$24K
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$369$369
Accounting feesLn 11c$10K$10K
Information technologyLn 14$2K$2K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$12K$12K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$216K$216K
Total functional expensesLn 25$296K$272K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $62K$70K−$8K$88K 990 PDF
FY2024 $73K$77K−$4K$96K 990 PDF
FY2023 Viewing $82K$296K−$215K$99K 990 PDF
FY2022 $83K$208K−$125K$313K 990 PDF
FY2021 $604K$218K$386K$439K 990 PDF
FY2020 $82K$88K−$6K$53K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $81,802 across 4 lines filed
VIII-1f All other contributions, gifts and grants$81,778
VIII-1h Total contributions, gifts and grants$81,778
VIII-3 Investment incomeRelated to mission $24$24
VIII-12 Total revenueRelated to mission $24 · Unrelated business $0 · Excluded from tax $0$81,802
Part IX · Statement of functional expenses $296,333 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $24,500$24,500
IX-7 Other salaries and wagesPrograms $4,800$4,800
IX-10 Payroll taxesPrograms $369$369
IX-11c Accounting feesPrograms $10,200$10,200
IX-14 Information technologyPrograms $2,444$2,444
IX-17 TravelPrograms $3,091$3,091
IX-19 Conferences, conventions and meetingsPrograms $12,138$12,138
IX-24 Other expenses (24a–d)Programs $23,021$23,021
IX-24e All other expensesPrograms $215,770$215,770
IX-25 Total functional expensesPrograms $271,833 · Management $24,500 · Fundraising $0$296,333
Part X · Balance sheet $99,400 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $312,763$99,399
X-10c Land, buildings and equipment, netStart of year $1$1
X-16 Total assetsStart of year $313,778$99,400
X-17 Accounts payable and accrued expensesStart of year $306$459
X-26 Total liabilitiesStart of year $306$459
X-27 Net assets without donor restrictionsStart of year $313,472$98,941
X-32 Total net assets or fund balancesStart of year $313,472$98,941
X-33 Total liabilities and net assetsStart of year $313,778$99,400
Part XI · Reconciliation of net assets $98,941 net assets at year end
XI-1 Total revenue$81,802
XI-2 Total expenses$296,333
XI-3 Revenue less expenses−$214,531
XI-4 Net assets at start of year$313,472
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$98,941

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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