G42 Inc
- Assets
- $41.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Gainesville, GA
- Founding
- 09/2008
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, G42 Inc generated $67.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.9%) each year. All expenses for the organization totaled $123.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS YEAR, ANDREW SHEARMAN CONTINUED HIS MINISTRY PROCLAIMING THE KINGDOM OF GOD TO CHURCHES ACROSS THE WORLD, INCLUDING SPAIN, NEW MEXICO, LOUISIANA, AND WASHINGTON STATE. G42 ALUMNI CONTINUE THEIR TREMENDOUS OUTREACH IN PLACES SUCH AS INDIA AND THAILAND, AND WE ARE GRATEFUL TO HEAR THEIR REPORTS OF LIVES CHANGED, PEOPLE HEALED, AND MANY COMING TO FAITH IN CHRIST. ANDREW CONTINUED TEACHING AT EXCEL COLLEGE IN BLACK MOUNTAIN, NORTH CAROLINA, WHERE HUNDREDS OF STUDENTS HAVE HEARD HIS MESSAGES OF BORN TO BE LOVED AND THE 42ND GENERATION. EXCEL COLLEGE, WHERE MANY ALUMNI ARE ON STAFF, ARE PREPARING TO CARRY ON THIS MESSAGE OF THE 42ND GENERATION TO THEIR LEADERSHIP INSTITUTE AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hearn Secretary | 4 | $7,625 | |
Andrew Sherman President | 20 | $0 | |
Michael Zajas Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,382 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,847 |
| Total Revenue | $67,230 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $102,694 |
| Professional fees and other payments to independent contractors | $2,965 |
| Occupancy, rent, utilities, and maintenance | $8,129 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,408 |
| Total expenses | $123,196 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,386 |
| Other assets | $0 |
| Total assets | $41,141 |
| Total liabilities | $8,440 |
| Net assets or fund balances | $32,701 |