Nonprofit · EIN 47-1706045
242 NETWORK
Tax-exempt · COLDWATER, MS 38618
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $268,849 | $245,545 | $23,304 | $195,039 | $988 | $194,051 |
| December 31, 2024 | 990 | $290,256 | $257,943 | $32,313 | $172,900 | $2,153 | $170,747 |
| December 31, 2023 | 990 | $291,504 | $247,068 | $44,436 | $142,826 | $4,392 | $138,434 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $268,505
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $344
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $151,154
- Salaries, compensation and benefits (total)
- $153,105
- Professional fundraising fees
- $0
- Program services (functional)
- $245,545
Balance sheet and other
- Total assets, start of year
- $172,900
- Total assets, end of year
- $195,039
- Total liabilities, end of year
- $988
- Net assets, end of year
- $194,051
- Net assets without donor restrictions
- $194,051
- Gross receipts
- $268,849
- Employees
- 14
- Year formed
- 2014
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BARNARD | BOARD MEMBER Trustee or director | – | $0 |
| CHRIS CLARK | BOARD MEMBER Trustee or director | – | $0 |
| GREG BELSER | PRESIDENT Officer | 3 | $0 |
| GUY BURKE | SECRETARY Officer | 3 | $0 |
| JASON FORD | TREASURER Officer | 3 | $0 |
| JOHN MAXEY | EX OFFICIO Officer | – | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL BARNARD | OFFICER Officer | – | $0 |
| GREG BELSER | PRESIDENT Officer | 3 | $0 |
| GUY BURKE | SECRETARY Officer | 3 | $0 |
| JASON FORD | TREASURER Officer | 3 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON FORD | TREASURER Trustee or director | 3 | $0 |
| PAUL BARNARD | OFFICER Officer | 3 | $0 |
| GREG BELSER | PRESIDENT Officer | 3 | $0 |
| GUY BURKE | SECRETARY Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 225 GOLDEN POND DR, COLDWATER, MS 38618-4276
- Principal officer (990 for 2025)
- GREG BELSER
- Signed the 990
- KATHRYN MAYO, FINANCIAL SECRETARY
- Phone
- (662) 429-4436
- Website
- WWW.242NETWORK.COM
- Return prepared by
- WILLIAMS PITTS & BEARD PLLC
Mission
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.
Program accomplishments
- 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.Expenses $245,545
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1706045
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X21)
- Assets (IRS master file)
- $195,039
- Income (IRS master file)
- $268,849
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $268,849 | $245,545 | $195,039 | IRS |
| 990 | December 2024 | $290,256 | $257,943 | $172,900 | IRS |
| 990 | December 2023 | $291,504 | $247,068 | $142,826 | XML |
| 990 | December 2022 | $225,231 | $178,492 | $95,118 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1706045).
Questions about 242 NETWORK
- What is the EIN of 242 NETWORK?
- The employer identification number (EIN) of 242 NETWORK is 47-1706045.
- Is 242 NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to 242 NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 242 NETWORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 242 NETWORK due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 242 NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of 242 NETWORK?
- The 990 for the year ended December 31, 2025 names GREG BELSER.
- Who are the officers and directors of 242 NETWORK?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does 242 NETWORK have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $268,849, expenses of $245,545 and total assets of $195,039 at year end.
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All nonprofits in COLDWATER · Mississippi · Religion-related