Acts 2 Network INC FY2024 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.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$359
0.4% 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
$73K
-10% vs prior year
Spent
$77K
To programs
61%
Net assets
$96K
By yearFY2020–FY2025
Revenue
$73K
FY2024▼ -10%
Revenue by fiscal year
FY2020$82K
FY2021$604K
FY2022$83K
FY2023$82K
FY2024$73K
FY2025$62K
Expenses
$77K
FY2024▼ -74%
Expenses by fiscal year
FY2020$88K
FY2021$218K
FY2022$208K
FY2023$296K
FY2024$77K
FY2025$70K
Net assets
$96K
FY2024▼ -3%
Net assets by fiscal year
FY2020$53K
FY2021$439K
FY2022$313K
FY2023$99K
FY2024$96K
FY2025$88K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 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

61 cents of each dollar spent went to programs.

Program services 61% · $47K Management & general 39% · $30K

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

This section is blank until Acts 2 Network INC claims this page.

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1 program service account for $47K of program spending, described in the organization's own filed words · FY2024.
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…

$47Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$73K
Ln 12
Gifts and grantsLn 1h$73K
Investment incomeLn 3$9
Money outPt IX
$77K
Ln 25
Programscol B$47K
Managementcol C$30K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$359
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$73K
Investment incomeLn 3$9
Total revenueLn 12$73K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Land, buildings, equipmentLn 10c$1
Total assetsLn 16$96K
LiabilitiesLn 26$359
Net assetsLn 32$96K
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 FY24End FY24
Cash and savingsLn 1–2$99K$96K
Land, buildings, equipmentLn 10c$1
Total assetsLn 16$99K$96K
LiabilitiesLn 26$459$359
Net assetsLn 32$99K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$30K
Other salaries and wagesLn 7$5K$5K
Payroll taxesLn 10$367$367
Accounting feesLn 11c$10K$10K
Information technologyLn 14$6K$6K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$11K$11K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$873$873
Total functional expensesLn 25$77K$47K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $62K$70K−$8K$88K 990 PDF
FY2024 Viewing $73K$77K−$4K$96K 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $73,285 across 5 lines filed
VIII-1f All other contributions, gifts and grants$73,276
VIII-1h Total contributions, gifts and grants$73,276
VIII-3 Investment incomeRelated to mission $9$9
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $9 · Unrelated business $0 · Excluded from tax $0$73,285
Part IX · Statement of functional expenses $76,838 across 9 lines filed
IX-5 Pay of current officers, directors and key staffManagement $30,000$30,000
IX-7 Other salaries and wagesPrograms $4,800$4,800
IX-10 Payroll taxesPrograms $367$367
IX-11c Accounting feesPrograms $10,200$10,200
IX-14 Information technologyPrograms $5,716$5,716
IX-17 TravelPrograms $4,993$4,993
IX-19 Conferences, conventions and meetingsPrograms $11,290$11,290
IX-24 Other expenses (24a–d)Programs $8,599$8,599
IX-24e All other expensesPrograms $873$873
IX-25 Total functional expensesPrograms $46,838 · Management $30,000 · Fundraising $0$76,838
Part X · Balance sheet $95,909 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $99,399$95,908
X-10c Land, buildings and equipment, net$1
X-16 Total assetsStart of year $99,399$95,909
X-17 Accounts payable and accrued expensesStart of year $459$359
X-26 Total liabilitiesStart of year $459$359
X-32 Total net assets or fund balancesStart of year $98,940$95,550
X-33 Total liabilities and net assetsStart of year $99,399$95,909
Part XI · Reconciliation of net assets $95,550 net assets at year end
XI-1 Total revenue$73,285
XI-2 Total expenses$76,838
XI-3 Revenue less expenses−$3,553
XI-4 Net assets at start of year$98,940
XI-8 Prior period adjustments$163
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,550

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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