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Verge Network FY2021 filing

Tax-deductible

Atlanta, GA501(c)(3)Religion EIN 84-2256202Revenue $228K in FY2021Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSvergenetwork.orgAtlanta, GATax-exempt since Jul 2020Publicly supported — 509(a)(2)

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Verge Network exists to equip leaders for mission. Verge Network is for church leaders, students, entrepreneurs, artists, urban innovators, business leaders, community development specialists, non-profit leaders, church planters and everyday leaders anyone pursuing the mission of god, in community, whatever the context, for the sake of the gospel. Verge leaders and churches are engaged in the mission of god, centered around the gospel, in community, and understand the value of staying current on issues surrounding the mission of god. Verge Network has a passionate and engaged audience of leaders who want to see the gospel change them, change their communities, change the neighbors and change the world. With over 250,000 members, students and subscribers you are joining an incredible tribe of missional leaders who also want to see god change their worlds.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2256202) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $9K a year · 4% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.2 mo
of spending, in cash
6.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$228K
-35% vs prior year
Spent
$204K
To programs
80%
Net assets
$113K
By yearFY2020–FY2023
Revenue
$228K
FY2021▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$352K
FY2021$228K
FY2022$160K
FY2023$120K
Expenses
$204K
FY2021▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$267K
FY2021$204K
FY2022$179K
FY2023$173K
Net assets
$113K
FY2021▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$85K
FY2021$113K
FY2022$95K
FY2023$42K

From the FY2021 Form 990 (year ending August 2021) · see the original

Give Follow Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022. IRS ruling in Jul 2020.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $163K Management & general 20% · $41K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Stewart
Board Chairman
$0Pt VII · Sec A
Dhati Lewis
Secretary
$0Pt VII · Sec A
Doug Phillips
Treasurer
$0Pt VII · Sec A
See Verge Network executive salaries →

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 15aYes

Programs and updates

Equips leaders for mission through training and community.

Questions for Verge Network

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1 program · $163K · in their own filed words · FY2020
01

Verge is for everyday people and leaders who are pursuing the mission of god with the gospel in their context. Verge leaders and churches are engaged in the mission of god, centered around the gospel, in community, and understand the value of staying connected.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-2256202) · Dispute this line
$163Kprogram 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 · FY2019
For the City NetworkFY2019$17K
Total grants receivedfrom 1 funder$17K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$228K
Ln 12
Fees for servicesLn 2g$227K
Other incomeLn 4–11$1K
Money outPt IX
$204K
Ln 25
Programscol B$163K
Managementcol C$41K
Owns and owesPt X
$113K
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$113K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$227K
Other incomeLn 4–11$1K
Total revenueLn 12$228K
Assets in detailPt X, end of year
CashLn 1$105K
Cash and savings togetherLn 1–2$105K
Accounts receivableLn 4$8K
Total assetsLn 16$113K
LiabilitiesLn 26$0
Net assetsLn 32$113K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6150
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$76K$105K
Total assetsLn 16$85K$113K
LiabilitiesLn 26$0$0
Net assetsLn 32$85K$113K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$126K$126K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$16K$16K
Information technologyLn 14$17K$9K$9K
OccupancyLn 16$2K$2K
TravelLn 17$856$856
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$204K$163K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Jul 12, 2024 $120K$173K−$53K$42K 990 PDF
FY2022Filed with the IRS Jul 14, 2023 $160K$179K−$19K$95K 990 PDF
FY2021 ViewingFiled with the IRS Apr 3, 2022 $228K$204K$25K$113K 990 PDF
FY2020Filed with the IRS Apr 5, 2021 $352K$267K$85K$85K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $228,460 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,100$0
I-9 Program service revenuePrior year $327,905$227,366
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$1,094
I-12 Total revenuePrior year $352,005$228,460
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $761$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $266,543$203,665
I-18 Total expensesPrior year $267,304$203,665
I-19 Revenue less expensesPrior year $84,701$24,795
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $228,460 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $227,366$227,366
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,094$1,094
VIII-12 Total revenueRelated to mission $228,460 · Unrelated business $0 · Excluded from tax $0$228,460
Part IX · Statement of functional expenses $203,665 across 8 lines filed
IX-11a Management feesPrograms $125,886$125,886
IX-11c Accounting feesManagement $3,404$3,404
IX-12 Advertising and promotionPrograms $27,442$27,442
IX-13 Office expensesManagement $16,171$16,171
IX-14 Information technologyPrograms $8,584 · Management $8,584$17,168
IX-16 OccupancyManagement $2,354$2,354
IX-17 TravelPrograms $856$856
IX-24 Other expenses (24a–d)Management $10,384$10,384
IX-25 Total functional expensesPrograms $162,768 · Management $40,897 · Fundraising $0$203,665
Part X · Balance sheet $113,497 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $75,600$105,449
X-4 Accounts receivableStart of year $9,101$8,048
X-16 Total assetsStart of year $84,701$113,497
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $84,701$113,497
X-32 Total net assets or fund balancesStart of year $84,701$113,497
X-33 Total liabilities and net assetsStart of year $84,701$113,497
Part XI · Reconciliation of net assets $113,497 net assets at year end
XI-1 Total revenue$228,460
XI-2 Total expenses$203,665
XI-3 Revenue less expenses$24,795
XI-4 Net assets at start of year$84,701
XI-8 Prior period adjustments$4,001
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$113,497

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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