Activating churches and faith-based ventures to bring the church outside the church walls so more people meet jesus where they live. (see attached description)

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
2 of 6
filings with a surplus
Average deficit $13K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 9.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$660K
-59% vs prior year
Spent
$1.0M
To programs
64%
Net assets
$749K
By yearFY2020–FY2025
Revenue
$660K
FY2024▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2020$595K
FY2021$416K
FY2022$549K
FY2023$1.6M
FY2024$660K
FY2025$856K
Expenses
$1.0M
FY2024▲ +87%
Tap a bar for its year
Expenses by fiscal year
FY2020$866K
FY2021$545K
FY2022$497K
FY2023$561K
FY2024$1.0M
FY2025$1.2M
Net assets
$749K
FY2024▼ -34%
Tap a bar for its year
Net assets by fiscal year
FY2020$185K
FY2021$55K
FY2022$107K
FY2023$1.1M
FY2024$749K
FY2025$375K

From the FY2024 Form 990 · see the original

Give Claim
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 Apr 2013.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $673K Management & general 20% · $207K Fundraising 16% · $167K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $132K paid to officers and key staff.

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

Randy Larson’s $156K as Partnership is at the 96th percentile of top reported officer pay among 1613 $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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Randy Larson$155,534—————
Bill Woolsey$128,644$132,194$94,195$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.

See Fivetwo Network executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Coaches leaders to start faith-based ventures transforming communities through entrepreneurship.

Questions for Fivetwo Network

Tap to ask. Fivetwo Network sees how many people are interested.

Your first name shows with your question. Fivetwo Network answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $673K · in their own filed words · FY2024
01

Training, conferences and consulting

$673Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$660K
Ln 12
Gifts and grantsLn 1h$334K
Fees for servicesLn 2g$279K
Investment incomeLn 3$47K
Money outPt IX
$1.0M
Ln 25
Programscol B$673K
Managementcol C$207K
Fundraisingcol D$167K
Owns and owesPt X
$749K
net assets · Ln 32
Cash and savingsLn 1–2$789K
Total assetsLn 16$807K
LiabilitiesLn 26$58K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$334K
Fees for servicesLn 2g$279K
Investment incomeLn 3$47K
Total revenueLn 12$660K
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$726K
Cash and savings togetherLn 1–2$789K
Total assetsLn 16$807K
LiabilitiesLn 26$58K
Net assetsLn 32$749K
OperationsPt I, VI
EmployeesI 50
VolunteersI 670
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$789K
Total assetsLn 16$1.1M$807K
LiabilitiesLn 26$10K$58K
Net assetsLn 32$1.1M$749K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K$95K$17K$20K
Other salaries and wagesLn 7$528K$380K$68K$80K
Other fees for servicesLn 11g$37K$4K$23K$10K
Advertising and promotionLn 12$88K$68K$19K$184
Office expensesLn 13$30K$8K$5K$18K
Information technologyLn 14$50K$9K$41K
TravelLn 17$101K$69K$4K$27K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$78K$40K$27K$11K
Total functional expensesLn 25$1.0M$673K$207K$167K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $856K$1.2M−$374K$375K 990 PDF
FY2024 Viewing $660K$1.0M−$387K$749K 990 PDF
FY2023 $1.6M$561K$1.0M$1.1M 990 PDF
FY2022 $549K$497K$52K$107K 990 PDF
FY2021 $416K$545K−$128K$55K 990 PDF
FY2020 $595K$866K−$270K$185K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $660,487 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,336,710$334,489
I-9 Program service revenuePrior year $253,399$278,986
I-10 Investment incomePrior year $1,868$47,012
I-11 Other revenue$0
I-12 Total revenuePrior year $1,591,977$660,487
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $323,914$660,681
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $237,555$386,961
I-18 Total expensesPrior year $561,469$1,047,642
I-19 Revenue less expensesPrior year $1,030,508−$387,155
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $660,487 across 5 lines filed
VIII-1f All other contributions, gifts and grants$334,489
VIII-1h Total contributions, gifts and grants$334,489
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $278,986$278,986
VIII-3 Investment incomeRelated to mission $47,012$47,012
VIII-12 Total revenueRelated to mission $325,998$660,487
Part IX · Statement of functional expenses $1,047,642 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,139 · Management $16,931 · Fundraising $20,124$132,194
IX-7 Other salaries and wagesPrograms $380,345 · Management $67,688 · Fundraising $80,454$528,487
IX-11g Other fees for servicesPrograms $3,568 · Management $22,810 · Fundraising $10,220$36,598
IX-12 Advertising and promotionPrograms $68,321 · Management $19,114 · Fundraising $184$87,619
IX-13 Office expensesPrograms $7,590 · Management $5,129 · Fundraising $17,675$30,394
IX-14 Information technologyPrograms $9,111 · Management $40,907$50,018
IX-17 TravelPrograms $69,479 · Management $4,464 · Fundraising $27,292$101,235
IX-23 InsuranceManagement $2,815$2,815
IX-24 Other expenses (24a–d)Programs $39,886 · Management $27,224 · Fundraising $11,172$78,282
IX-25 Total functional expensesPrograms $673,439 · Management $207,082 · Fundraising $167,121$1,047,642
Part X · Balance sheet $806,586 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,124,180$62,561
X-2 Savings and temporary cash investmentsStart of year $17,281$726,461
X-4 Accounts receivableStart of year $4,900$11,137
X-9 Prepaid expenses and deferred charges$6,427
X-16 Total assetsStart of year $1,146,361$806,586
X-17 Accounts payable and accrued expensesStart of year $10,289$17,669
X-19 Deferred revenue$40,000
X-26 Total liabilitiesStart of year $10,289$57,669
X-27 Net assets without donor restrictionsStart of year $71,534$29,243
X-28 Net assets with donor restrictionsStart of year $1,064,538$719,674
X-32 Total net assets or fund balancesStart of year $1,136,072$748,917
X-33 Total liabilities and net assetsStart of year $1,146,361$806,586
Part XI · Reconciliation of net assets $748,917 net assets at year end
XI-1 Total revenue$660,487
XI-2 Total expenses$1,047,642
XI-3 Revenue less expenses−$387,155
XI-4 Net assets at start of year$1,136,072
XI-10 Net assets at end of year$748,917

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.