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242 Network INC

Tax-deductible

Coldwater, MS501(c)(3)Since 2014Religion EIN 47-1706045Revenue $269K in FY2025

On file with the IRS242network.com225 Golden Pond Dr, 38618-4276 · Coldwater, MSTax-exempt since Dec 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The 242 Network is a church planting Network that is leveraging resources in a disengaged culture to multiply healthy churches. In accordance with this mission, the 242 Network seeks to bring glory to god through kingdom relationships with individuals and churches who share in our unique biblical calling to see healthy church planters'develop and cultivate healthy churches.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
4 of 4
filings with a surplus
Average surplus $37K a year · 14% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$988
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 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
$269K
-7% vs prior year
Spent
$246K
To programs
100%
Net assets
$194K
By yearFY2021–FY2025
Revenue
$269K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$128K
FY2022$225K
FY2023$292K
FY2024$290K
FY2025$269K
Expenses
$246K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$178K
FY2023$247K
FY2024$258K
FY2025$246K
Net assets
$194K
FY2025▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$47K
FY2022$94K
FY2023$138K
FY2024$171K
FY2025$194K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $246K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Paul Barnard
Board Member
$0Pt VII · Sec A
Chris Clark
Board Member
$0Pt VII · Sec A
Greg Belser
President
$0Pt VII · Sec A
Guy Burke
Secretary
$0Pt VII · Sec A
Jason Ford
Treasurer
$0Pt VII · Sec A
John Maxey
Ex Officio
$0Pt VII · Sec A
See 242 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

Plants healthy churches by leveraging resources in disengaged communities.

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Provided by the organization

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1 program · $246K · in their own filed words · FY2025
01

The 242 network is a church planting network that is leveraging resources in a disengaged culture to multiply healthy churches. In accordance with this mission, the 242 network seeks to bring glory to god through kingdom relationships with individuals and churches who share in our unique biblical calling to see healthy church…

$246Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$269K
Ln 12
Gifts and grantsLn 1h$269K
Other incomeLn 4–11$344
Money outPt IX
$246K
Ln 25
Programscol B$246K
Owns and owesPt X
$194K
net assets · Ln 32
Cash and savingsLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$988
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$269K
Other incomeLn 4–11$344
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$195K
Cash and savings togetherLn 1–2$195K
Total assetsLn 16$195K
LiabilitiesLn 26$988
Net assetsLn 32$194K
OperationsPt I, VI
EmployeesI 514
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 FY25End FY25
Cash and savingsLn 1–2$173K$195K
Total assetsLn 16$173K$195K
LiabilitiesLn 26$2K$988
Net assetsLn 32$171K$194K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$151K$151K
Payroll taxesLn 10$2K$2K
Office expensesLn 13$7K$7K
Conferences, conventions and meetingsLn 19$60K$60K
Other expenses (24a–d)Ln 24$25K$25K
All other expensesLn 24e$569$569
Total functional expensesLn 25$246K$246K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $269K$246K$23K$194K 990 PDF
FY2024 $290K$258K$32K$171K 990 PDF
FY2023 $292K$247K$44K$138K 990 PDF
FY2022 $225K$178K$47K$94K 990 PDF
FY2021 $128K$47K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $268,849 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,203$268,505
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $1,053$344
I-12 Total revenuePrior year $290,256$268,849
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $161,044$153,105
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $96,899$92,440
I-18 Total expensesPrior year $257,943$245,545
I-19 Revenue less expensesPrior year $32,313$23,304
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $268,849 across 4 lines filed
VIII-1f All other contributions, gifts and grants$268,505
VIII-1h Total contributions, gifts and grants$268,505
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $344$344
VIII-12 Total revenueRelated to mission $344$268,849
Part IX · Statement of functional expenses $245,545 across 6 lines filed
IX-7 Other salaries and wagesPrograms $151,154$151,154
IX-10 Payroll taxesPrograms $1,951$1,951
IX-13 Office expensesPrograms $7,200$7,200
IX-19 Conferences, conventions and meetingsPrograms $59,513$59,513
IX-24 Other expenses (24a–d)Programs $25,158$25,158
IX-24e All other expensesPrograms $569$569
IX-25 Total functional expensesPrograms $245,545 · Management $0 · Fundraising $0$245,545
Part X · Balance sheet $195,039 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $172,900$195,039
X-16 Total assetsStart of year $172,900$195,039
X-25 Other liabilitiesStart of year $2,153$988
X-26 Total liabilitiesStart of year $2,153$988
X-27 Net assets without donor restrictionsStart of year $170,747$194,051
X-32 Total net assets or fund balancesStart of year $170,747$194,051
X-33 Total liabilities and net assetsStart of year $172,900$195,039
Part XI · Reconciliation of net assets $194,051 net assets at year end
XI-1 Total revenue$268,849
XI-2 Total expenses$245,545
XI-3 Revenue less expenses$23,304
XI-4 Net assets at start of year$170,747
XI-10 Net assets at end of year$194,051

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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