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← TCT MINISTRIES INC

Form 990 for tax year 2022

Filed by TCT MINISTRIES INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$10,746,150
Total expenses
$11,862,461
Contributions and grants received
$6,763,907
Grants paid
$0
Program service revenue
$3,702,177
Investment income
$280,066
Other revenue
$0
Total assets, end of year
$10,925,688
Total liabilities, end of year
$2,900,897
Net assets or fund balances, end of year
$8,024,791
Program services expenses (Part IX)
$8,601,742
Management and general expenses
$3,026,094
Fundraising expenses
$234,625
Program service expenses (Part III)
$8,601,742

Program services were 72.5% 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.

  • 1d · Related organizations

    $5,757,858

  • 1f · All other contributions, gifts and grants

    $1,006,049

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $2,629,399 · related or exempt $2,629,399

  • 2b · Program service revenue: BROADCASTING INCOME

    total $1,072,778 · related or exempt $1,072,778

  • 3 · Investment income

    total $280,066 · excluded $280,066

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $961,170 · management and general $961,170

  • 6 · Compensation of disqualified persons

    total $1,410,426 · program services $687,763 · management and general $675,231 · fundraising $47,432

  • 9 · Other employee benefits

    total $639,677 · program services $191,903 · management and general $434,980 · fundraising $12,794

  • 10 · Payroll taxes

    total $181,023 · program services $54,307 · management and general $123,096 · fundraising $3,620

  • 11a · Fees: management

    total $530 · management and general $530

  • 12 · Advertising and promotion

    total $172,474 · program services $172,474

  • 13 · Office expenses

    total $27,046 · program services $2,705 · management and general $24,341

  • 14 · Information technology

    total $297,976 · program services $29,798 · management and general $268,178

  • 17 · Travel

    total $909,584 · program services $609,421 · management and general $300,163

  • 20 · Interest

    total $17,433 · program services $17,433

  • 22 · Depreciation, depletion and amortization

    total $538,941 · program services $485,047 · management and general $53,894

  • 23 · Insurance

    total $30,810 · program services $24,648 · management and general $6,162

  • 24a · Other expenses: DONATIONS, RELATED ENTI

    total $2,629,399 · program services $2,629,399

  • 24b · Other expenses: OUTSIDE SERVICES

    total $1,517,478 · program services $1,517,478

  • 24c · Other expenses: DONATIONS

    total $477,863 · program services $477,863

  • 24d · Other expenses: CABLE FEES

    total $412,484 · program services $412,484

  • 24e · All other expenses

    total $1,638,147 · program services $1,289,019 · management and general $178,349 · fundraising $170,779

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$328,311 · end of year -$270,452

  • 2 · Savings and temporary cash investments

    beginning of year $1,290,584 · end of year $290,811

  • 4 · Accounts receivable

    beginning of year $110,065 · end of year $189,982

  • 9 · Prepaid expenses and deferred charges

    beginning of year $350,052 · end of year $311,997

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

    $5,433,897

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

    $4,992,670

  • 10c · Land, buildings and equipment, net

    beginning of year $879,633 · end of year $441,227

  • 11 · Investments: publicly traded securities

    beginning of year $10,733,567 · end of year $9,067,268

  • 12 · Investments: other securities

    beginning of year $416,876 · end of year $198,212

  • 15 · Other assets

    beginning of year $687,526 · end of year $696,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $663,151 · end of year $805,359

  • 24 · Unsecured notes and loans payable

    beginning of year $1,978,105 · end of year $1,345,538

  • 25 · Other liabilities

    beginning of year $0 · end of year $750,000

  • 27 · Net assets without donor restrictions

    beginning of year $11,371,068 · end of year $7,894,253

  • 28 · Net assets with donor restrictions

    beginning of year $127,668 · end of year $130,538

Mission and programs · 2022

Mission

RELIGIOUS BROADCASTING

  • THE LIVES OF MILLIONS OF PEOPLE HAVE BEEN TOUCHED BY THE BROADCAST OF THE GOSPEL MESSAGE. PEOPLE HAVE BEEN SAVED, HEALED, AND MINISTERED TO IN COUNTLESS WAYS THROUGH THIS TELEVISION NETWORK.

    Expenses $8,601,742 · Revenue $3,702,177

As filed on the 2022 return.

Listed in Part VII

  • Garth W Coonce

    PRESIDENT

    Total calculated
    $314,487
    From this org
    $303,190
    From related orgs
    $0
    Other
    $11,297
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $303,190
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,297
    Filer's total
    $314,487

  • Christina M Coonce

    VICE PRESIDENT

    Total calculated
    $267,415
    From this org
    $0
    From related orgs
    $267,415
    Other
    $0
    Hours/week
    2 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,415 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $267,415 related

  • Julie A Nolan

    ASSISTANT SEC

    Total calculated
    $191,768
    From this org
    $175,176
    From related orgs
    $0
    Other
    $16,592
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $175,176
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,974 + $4,618 related
    Filer's total
    $187,150 + $4,618 related

  • Thomas C Nolan IV

    DIRECTOR

    Total calculated
    $172,905
    From this org
    $0
    From related orgs
    $137,173
    Other
    $35,732
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,173 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,732 related
    Filer's total
    $0 + $172,905 related

  • Victoria M Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Charles R Payne

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 4 related

  • Lonnie Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 4 related

  • Michael J Daly

    SECRETARY

    Total calculated
    $181,895
    From this org
    $168,751
    From related orgs
    $0
    Other
    $13,144
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $168,751
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,144
    Filer's total
    $181,895

  • Shane A Chaney

    CFO

    Total calculated
    $175,910
    From this org
    $175,847
    From related orgs
    $0
    Other
    $63
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $175,847
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,847

  • Greg Ellsworth

    EMPLOYEE

    Total calculated
    $138,269
    From this org
    $138,206
    From related orgs
    $0
    Other
    $63
    Hours/week
    40 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, PART VI, SECTION A, LINE 2:
GARTH COONCE - PRESIDENT; SPOUSE OF CHRISTINA COONCE AND FATHER OF JULIE NOLAN AND VICTORIA CLARK AND GRANDFATHER OF THOMAS NOLAN CHRISTINA COONCE - VICE PRESIDENT; SPOUSE OF GARTH COONCE AND MOTHER OF JULIE NOLAN AND VICTORIA CLARK AND GRANDMOTHER OF THOMAS NOLAN JULIE NOLAN - ASSIST. SEC.; DAUGHTER OF GARTH AND CHRISTINA COONCE AND MOTHER OF THOMAS NOLAN VICTORIA CLARK - DIRECTOR; DAUGHTER OF GARTH AND CHRISTINA COONCE THOMAS NOLAN - DIRECTOR; SON OF JULIE NOLAN AND GRANSON OF GARTH AND CHRISTINA COONCE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349314291

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