G42 INC FY2020 filing

Gainesville, GAUnknown exempt organizationEIN 26-0734218Revenue $579K in FY2020

On file with the IRSgeneration42.org6000 Wellspring Trail · Gainesville, GA

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G42 is a network of churches, ministries, and businesses with the mission to plant churches and ministries and to spread the Kingdom of God around the world-to inspire and develop leaders who are passionate about the poor, orphans, and laying their lives down for Christ.

69¢ of each $1 spent went to programs.
$45K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $46K a year · 13% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$26K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$579K
+35% vs prior year
Spent
$417K
To programs
69%
Net assets
$299K
By yearFY2019–FY2024
Revenue
$579K
FY2020▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2019$429K
FY2020$579K
FY2021$240K
FY2022$157K
FY2023$67K
FY2024$7K
Expenses
$417K
FY2020▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2019$360K
FY2020$417K
FY2021$305K
FY2022$140K
FY2023Not on file
FY2024Not on file
Net assets
$299K
FY2020▲ +119%
Tap a bar for its year
Net assets by fiscal year
FY2019$136K
FY2020$299K
FY2021$234K
FY2022$254K
FY2023$33K
FY2024Not on file

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $289K Management & general 30% · $126K Fundraising 0% · $2K

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

4 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$23,722Pt VII · Sec A
Director
$15,000Pt VII · Sec A
Treasurer
$6,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A

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

NameFY2023FY2022FY2021FY2020FY2019
Andrew Shearman—$33,036$34,626$23,722$16,200
Gary Black—$25,305$34,350$15,000$6,200
David Hearn$7,625$5,500$6,000$6,000—
1680————$6,000

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Plants churches and ministries globally, inspiring leaders to serve the poor and orphans.

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Provided by the organization

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2 programs · $289K · in their own filed words · FY2019
01

In the past year, the organization strengthened their missional communities in the United States currently in Denver, Atlanta, Nashville and Asheville, among others as well as bolstered their partnerships with ministries in Uganda, Ukraine, Cambodia and Thailand.

$172Kprogram expense
02

In the past year the organization successfully launched their newest program, graduating 45 interns from their leadership training in Mijas, Spain.

$117Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$579K
Ln 12
Gifts and grantsLn 1h$490K
Other incomeLn 4–11$76K
Fees for servicesLn 2g$13K
Money outPt IX
$417K
Ln 25
Programscol B$289K
Managementcol C$126K
Fundraisingcol D$2K
Owns and owesPt X
$299K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$324K
LiabilitiesLn 26$26K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$490K
Fees for servicesLn 2g$13K
Investment incomeLn 3$23
Other incomeLn 4–11$76K
Total revenueLn 12$579K
Assets in detailPt X, end of year
CashLn 1$126K
SavingsLn 2$60K
Cash and savings togetherLn 1–2$186K
Land, buildings, equipmentLn 10c$138K
Total assetsLn 16$324K
LiabilitiesLn 26$26K
Net assetsLn 32$299K
OperationsPt I, VI
EmployeesI 54
VolunteersI 62
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$140K$186K
Land, buildings, equipmentLn 10c$15K$138K
Total assetsLn 16$156K$324K
LiabilitiesLn 26$20K$26K
Net assetsLn 32$136K$299K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$1K$1K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$62K$43K$19K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$67K$67K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$486$486
Lobbying feesLn 11d$0
Investment management feesLn 11f$3K$1K$1K$300
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$8K$7K$248
Information technologyLn 14$6K$5K$400
RoyaltiesLn 15$0
OccupancyLn 16$125K$125K
TravelLn 17$74K$62K$12K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$2K$895
Other expenses (24a–d)Ln 24$55K$44K$10K
All other expensesLn 24e$3K$193$1K$997
Total functional expensesLn 25$417K$289K$126K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7K 990 PDF
FY2023 $67K$33K 990 PDF
FY2022 $157K$140K$16K$254K 990 PDF
FY2021 $240K$305K−$65K$234K 990 PDF
FY2020 Viewing $579K$417K$162K$299K 990 PDF
FY2019 $429K$360K$69K$136K 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 FY2020 990 (6 parts)
Part I · Summary $579,244 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $402,052$490,395
I-9 Program service revenuePrior year $13,083$13,069
I-10 Investment incomePrior year $12$23
I-11 Other revenuePrior year $14,038$75,757
I-12 Total revenuePrior year $429,185$579,244
I-13 Grants and similar amounts paidPrior year $200$4,203
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $101,410$134,100
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $258,274$278,664
I-18 Total expensesPrior year $359,884$416,967
I-19 Revenue less expensesPrior year $69,301$162,277
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $579,244 across 6 lines filed
VIII-1f All other contributions, gifts and grants$490,395
VIII-1h Total contributions, gifts and grants$490,395
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,069$13,069
VIII-3 Investment incomeRelated to mission $23$23
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $75,757$75,757
VIII-12 Total revenueRelated to mission $88,849$579,244
Part IX · Statement of functional expenses $416,967 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $2,778$2,778
IX-2 Grants to domestic individualsPrograms $1,425$1,425
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $42,622 · Management $19,264$61,886
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $66,997$66,997
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $5,217$5,217
IX-11a Management fees$0
IX-11b Legal feesManagement $3,164$3,164
IX-11c Accounting feesManagement $486$486
IX-11d Lobbying fees$0
IX-11f Investment management feesPrograms $1,250 · Management $1,499 · Fundraising $300$3,049
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $7,461 · Management $248$7,709
IX-14 Information technologyManagement $5,318 · Fundraising $400$5,718
IX-15 Royalties$0
IX-16 OccupancyPrograms $125,021$125,021
IX-17 TravelPrograms $62,172 · Management $11,508$73,680
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,818 · Management $895$2,713
IX-24 Other expenses (24a–d)Programs $44,239 · Management $10,316$54,555
IX-24e All other expensesPrograms $193 · Management $1,379 · Fundraising $997$2,569
IX-25 Total functional expensesPrograms $288,979 · Management $126,291 · Fundraising $1,697$416,967
Part X · Balance sheet $324,476 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $63,181$126,039
X-2 Savings and temporary cash investmentsStart of year $76,735$60,092
X-10c Land, buildings and equipment, netStart of year $14,755$138,345
X-16 Total assetsStart of year $156,075$324,476
X-17 Accounts payable and accrued expensesStart of year $4,285$15,165
X-25 Other liabilitiesStart of year $15,665$10,647
X-26 Total liabilitiesStart of year $19,950$25,812
X-27 Net assets without donor restrictionsStart of year $136,125$298,664
X-32 Total net assets or fund balancesStart of year $136,125$298,664
X-33 Total liabilities and net assetsStart of year $156,075$324,476
Part XI · Reconciliation of net assets $298,664 net assets at year end
XI-1 Total revenue$579,244
XI-2 Total expenses$416,967
XI-3 Revenue less expenses$162,277
XI-4 Net assets at start of year$136,125
XI-8 Prior period adjustments$262
XI-10 Net assets at end of year$298,664

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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