Fivetwo Network EIN 27-1764310

Fivetwo Network

EIN  27-1764310 Public charity (501(c)(3)) Burnet, TX
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Size
$100K–1M
What they do
Coaches leaders to start faith-based ventures transforming communities through entrepreneurship.
Leadership
Bill Woolsey · Chairman · $132K
Money in and out
$660K revenue, $1.0M expenses
Bottom line
64% program efficiency

Coaches leaders to start faith-based ventures transforming communities through entrepreneurship. For fiscal year 2024 it reported $660K in revenue, $1.0M in expenses, and $749K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$749K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$387K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.20 Fundraising $0.16
Program efficiency
64%
of spending reaches programs▲ +119% vs prior filing year
Operating runway
9.0mo
months of highly liquid reserves at operating expense rate▼ -63% vs prior filing year
Surplus margin
-59%
revenue over expenses, this year▼ -191% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$660K
FY2024▼ -59%
Expenses
$1.0M
FY2024▲ +87%
Total assets
$807K
FY2024▼ -30%
Total liabilities
$58K
FY2024▲ +460%
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$749K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$387K
Total assetsPt X · Ln 16$807K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $673K of program spending, described in the organization's own filed words · FY2024.
01

Training, conferences and consulting

$673Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFivetwo Network
EINHdr · item D27-1764310
Principal addressHdr · item CBurnet, TX
WebsiteHdr · item Jwww.fivetwo.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFApr 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$132,194Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Bill Woolsey’s $132K as Chairman is at the 93rd percentile of top reported officer pay among 1616 $100K–1M education 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
Bill Woolsey$132,194$94,195
Bill Woolsey$63,132$87,826$81,711
Billy R Woolsey$87,826
Scott Roney$73,336

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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Statement of Revenue

Part VIII
Contributions & grants$334K · 51%
Program service revenue$279K · 42%
Investment income$47K · 7%
Contributions & grants51%$334K
Program service revenue42%$279K
Investment income7%$47K
Total revenueLn 12$660K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.20 Fundraising $0.16
Program services64%$673K
Management & general20%$207K
Fundraising16%$167K
Total functional expensesLn 25$1.0M

Balance Sheet

Part X · end of year
CashLn 1$789K
Total assetsLn 16$807K
Total liabilitiesLn 26$58K
Total net assetsLn 32$749K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $789K · Operating expenses/yr $1.0M
9.0 months
Where the money goes
Program services
Program services $673K · Total expenses $1.0M
64%
Management & General
Management & general $207K · Total expenses $1.0M
20%
Fundraising
Fundraising $167K · Total expenses $1.0M
16%
Cost to raise $1
Fundraising expense (3-yr avg) $120K · Solicited contributions (3-yr avg) $662K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $334K · Total revenue $660K
51%
Government reliance
Government grants — · Total revenue $660K
Earned-income share
Program service revenue $279K · Total revenue $660K
42%
Investment reliance
Investment income $47K · Total revenue $660K
+7%
Program self-sufficiency
Program service revenue $279K · Total expenses $1.0M
27%
Growth & trend
Revenue growth (YoY)
This year $660K · Prior year $1.6M
-59%
Revenue CAGR
FY2020 $595K · FY2024 $660K
+3%
Net-asset trend (YoY)
End of year $749K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $660K · Expenses $1.0M
-59%
Liabilities-to-Assets
Total liabilities — · Total assets $807K
Net-asset ratio
Net assets $749K · Total assets $807K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $807K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bill Woolsey · Reported title CHAIRMAN · Highest reported compensation $132K · Total expenses $1.0M
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $661K · Total expenses $1.0M
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 20%
Fundraising cost ratio 50%
Revenue growth -59%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$30K

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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)$660K revenue · viewing · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$549K revenue · ⤓ 990 PDF
FY2021$416K revenue · ⤓ 990 PDF
FY2020$595K 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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