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Nonprofiteer
← SPREAD TRUTH MINISTRIES INC

Form 990 for tax year 2024

Filed by SPREAD TRUTH MINISTRIES INC.

Totals

Total revenue
$1,794,117
Total expenses
$1,466,011
Contributions and grants received
$1,575,250
Grants paid
$379,407
Program service revenue
$222,315
Investment income
$5,604
Other revenue
-$9,052
Total assets, end of year
$828,361
Total liabilities, end of year
$227,251
Net assets or fund balances, end of year
$601,110
Program services expenses (Part IX)
$1,071,021
Management and general expenses
$101,880
Fundraising expenses
$293,110
Program service expenses (Part III)
$1,071,021

Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $73,635

  • 1f · All other contributions, gifts and grants

    $1,501,615

  • 2a · Program service revenue: PROGRAM FEES

    total $222,315 · related or exempt $222,315

  • 3 · Investment income

    total $5,604 · excluded $5,604

  • 8a · Fundraising events: contributions included on line 1c

    $73,635

  • 8b · Fundraising events: direct expenses

    $12,576

  • 8c · Net income from fundraising events

    total -$12,576 · excluded -$12,576

  • 10a · Gross sales of inventory

    $78,826

  • 10b · Cost of goods sold

    $78,159

  • 10c · Net income from sales of inventory

    total $667 · related or exempt $667

  • 11a · Other revenue: MISCELLANEOUS

    total $2,857 · related or exempt $2,857

  • 11e · Other revenue, total

    $2,857

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $379,407 · program services $379,407

  • 5 · Compensation of officers, directors and key employees

    total $128,908 · program services $32,227 · fundraising $96,681

  • 7 · Other salaries and wages

    total $406,508 · program services $211,184 · management and general $46,444 · fundraising $148,880

  • 9 · Other employee benefits

    total $9,045 · program services $3,331 · management and general $363 · fundraising $5,351

  • 10 · Payroll taxes

    total $28,777 · program services $14,868 · management and general $2,864 · fundraising $11,045

  • 11c · Fees: accounting

    total $5,033 · management and general $783 · fundraising $4,250

  • 11g · Fees: other

    total $4,305 · program services $4,305

  • 12 · Advertising and promotion

    total $84,989 · program services $84,900 · fundraising $89

  • 13 · Office expenses

    total $46,920 · program services $18,677 · management and general $18,485 · fundraising $9,758

  • 14 · Information technology

    total $60,709 · program services $51,070 · management and general $3,608 · fundraising $6,031

  • 16 · Occupancy

    total $19,829 · management and general $19,829

  • 17 · Travel

    total $231,451 · program services $229,266 · management and general $403 · fundraising $1,782

  • 20 · Interest

    total $11,050 · program services $3,718 · management and general $7,332

  • 23 · Insurance

    total $1,652 · program services $132 · management and general $1,520

  • 24a · Other expenses: RESOURCE DEV AND SUPPLIES

    total $28,240 · program services $18,748 · management and general $249 · fundraising $9,243

  • 24b · Other expenses: MISCELLANEOUS

    total $19,188 · program services $19,188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $95,153 · end of year $201,279

  • 2 · Savings and temporary cash investments

    beginning of year $318,351 · end of year $605,464

  • 8 · Inventories for sale or use

    beginning of year $41,279 · end of year $21,154

  • 10a · Land, buildings and equipment: cost or other basis

    $40,543

  • 10b · Land, buildings and equipment: accumulated depreciation

    $40,079

  • 10c · Land, buildings and equipment, net

    end of year $464

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,779 · end of year $84,251

  • 23 · Secured mortgages and notes payable

    beginning of year $143,000 · end of year $143,000

  • 27 · Net assets without donor restrictions

    beginning of year $273,004 · end of year $333,728

  • 28 · Net assets with donor restrictions

    end of year $267,382

Mission and programs · 2024

Mission

SPREAD TRUTH DEVELOPS TRAINING MATERIALS AND RESOURCES TO HELP CHRISTIANS CONFIDENTLY SHARE CHRIST IN RELEVANT AND LOVING WAYS.

  • SPREAD TRUTH CONTINUES TO DEVELOP MORE RESOURCES IN PRINT, APP, FILM AND WEB CONTENT. SPREAD TRUTH HAS CONTINUED TRANSLATIONS OF EXISTING AND NEW MATERIALS INTO MORE AND MORE WORLD LANGUAGES IN ORDER TO BETTER REACH THOSE IN NEED OF HEARING THE GOSPEL MESSAGE. SPREAD TRUTH IS CONTINUING ITS EMPHASIS ON TRAINING CHRISTIANS TO SHARE THIS GOSPEL MESSAGE BY DEVELOPING AN ONLINE DIGITAL TRAINING THAT WILL HELP CHRISTIANS SHARE THE GOSPEL IN A CULTURALLY RELEVANT CONTEXT.

    Expenses $466,748 · Revenue $15,982

  • SPREAD TRUTH HAS A PROGRAM IN KENYA AND SURROUNDING AREAS OF AFRICA. THE GOALS ARE THE SAME AS SPREAD TRUTHS MAIN MISSION - REACH THE LOST AND TRAIN UP CHRISTIANS TO SHARE THEIR FAITH CONFIDENTLY. THIS IS DONE IN MANY SIMILAR WAYS TO THE U.S. HANDS-ON TRAINING, BUT IN AFRICA, THERE IS CURRENTLY A BIGGER NEED FOR BASIC NEEDS AND PERSONAL CARE. SPREAD TRUTH ADDRESSES THAT BY PARTNERING WITH LOCAL ORGANIZATIONS, CHURCHES, GOVERNMENTS AND FOOD BANKS SO THAT BASIC AND SPIRITUAL NEEDS ARE BEING MET FOR BOTH THOSE THAT ARE BEING TRAINED AND THOSE BEING WITNESSED TO. OVER 4,000 PEOPLE WERE SERVED AT A 3 DAY MEDICAL CLINIC AND 5,800 GOSPEL BOOKLETS HAVE BEEN DISTRIBUTED.

    Expenses $393,363 · Grants $379,407 · Revenue $3,350

  • SPREAD TRUTH TEACHES AND EQUIPS INDIVIDUALS TO ENGAGE WITH OTHERS AND SHARE THEIR FAITH THROUGH ON-SITE TRAINING. HANDS-ON MINISTRY TEACHING AND EVANGELIZING ARE DESIGNED TO EQUIP AND DEVELOP A CHRISTIANS ABILITY TO BE CONFIDENT AS THEY SHARE THE FULL STORY OF THE GOSPEL MESSAGE. PARTICIPANTS IN THESE TRAININGS COME FROM AROUND THE COUNTRY AND ARE TRAINED IN A MULTI-CULTURAL ENVIRONMENT TO REACH THOSE WHO NEED TO HEAR THE BEAUTY OF GODS STORY. IN NEW YORK CITY, 1,150 FOOD BOXES AND FROZEN TURKEYS WERE DISTRIBUTED WITH THE GOSPEL AT THANKSGIVING TIME. 21,950 THE STORY BOOKLETS WERE DISTRIBUTED IN DISASTER BOXES ACROSS THE NATION.

    Expenses $210,910 · Revenue $203,650

As filed on the 2024 return.

Listed in Part VII

  • William McCorkle

    EXECUTIVE DIRECTOR

    Total calculated
    $84,844
    From this org
    $80,908
    From related orgs
    $0
    Other
    $3,936
    Hours/week
    40
  • Kevan Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karen Rigsby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Horine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Luke Holderby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Jackson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Amy Hall

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Ben Mengarelli

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ed Scearce

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
2 December 2025
IRS schema version
2024v5.2
Source object
202543369349301359

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