G42 Inc
- Assets
- $261.3k
- Revenue
- $156.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Gainesville, GA
- Founding
- 09/2008
- Data as of
- 09/2022
- EIN
- 26-0734218
Organization Overview
G42 Inc is located in Gainesville, GA. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 09/2022, G42 Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G42 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, G42 Inc generated $156.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $140.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, ANDREW SHERMAN HAS TAKEN THE MESSAGE AND MINISTRY OF THE 42ND GENERATION WORLDWIDE, HOSTING EVENTS AND TEACHING AROUND THE U.S. AND ENGLAND. MISSIONAIRIES SUCH AS SARAH HENDEE IN CAMBODIA CONTINTUED THEIR WORK MULTILE MINISTRIES THAT HAVE BIRTHED OUT OF G42 ARE STILL GOING STRONG, AND LEADERS ARE TEACHING AND DIRECTING THEM IN PLACESL IKE DENVER, INDIANAPOLIS, ASHEVILLE AND GAINESVILLE, GA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Shearman President | OfficerTrustee | 50 | $33,036 |
Gary Black Director | Trustee | 45 | $25,305 |
David Hearn Treasurer | OfficerTrustee | 40 | $5,500 |
Michael Zajas Board Member | Trustee | 45 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,172 |
| Total Program Service Revenue | $345 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,551 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,841 |
| Compensation of current officers, directors, key employees. | $63,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,032 |
| Payroll taxes | $1,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,693 |
| Fees for services: Accounting | $1,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,789 |
| Advertising and promotion | $0 |
| Office expenses | $8,289 |
| Information technology | $1,646 |
| Royalties | $0 |
| Occupancy | $20,951 |
| Travel | $6,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $600 |
| All other expenses | $0 |
| Total functional expenses | $140,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,782 |
| Savings and temporary cash investments | $37,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $175,441 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $261,252 |
| Accounts payable and accrued expenses | $1,703 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,932 |
| Total liabilities | $7,635 |
| Net assets without donor restrictions | $253,617 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $261,252 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that G42 Inc has recieved totaling $36,005.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $36,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Cross International Inc Pompano Beach, FL | $1,626,437 | $52,631,066 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ligonier Ministries Inc Sanford, FL | $54,142,799 | $25,858,613 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |