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Nonprofiteer
← TRUTH78

Form 990 for tax year 2023

Filed by TRUTH78.

Totals

Total revenue
$1,125,498
Total expenses
$1,271,473
Contributions and grants received
$698,835
Grants paid
$0
Program service revenue
$187,228
Investment income
$0
Other revenue
$239,435
Total assets, end of year
$516,687
Total liabilities, end of year
$505,525
Net assets or fund balances, end of year
$11,162
Program services expenses (Part IX)
$757,772
Management and general expenses
$418,265
Fundraising expenses
$95,436
Program service expenses (Part III)
$757,772

Program services were 59.6% 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.

  • 1f · All other contributions, gifts and grants

    $698,835

  • 2a · Program service revenue: SUBSCRIPTION REVENUE

    total $187,228 · related or exempt $187,228

  • 10a · Gross sales of inventory

    $687,386

  • 10b · Cost of goods sold

    $450,625

  • 10c · Net income from sales of inventory

    total $236,761 · related or exempt $236,761

  • 11a · Other revenue: MISC. INCOME

    total $2,674 · excluded $2,674

  • 11e · Other revenue, total

    $2,674

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $176,903 · program services $70,761 · management and general $88,451 · fundraising $17,691

  • 7 · Other salaries and wages

    total $498,625 · program services $364,451 · management and general $84,312 · fundraising $49,862

  • 8 · Pension plan contributions

    total $18,778 · program services $9,847 · management and general $5,886 · fundraising $3,045

  • 9 · Other employee benefits

    total $87,311 · program services $63,229 · management and general $19,091 · fundraising $4,991

  • 10 · Payroll taxes

    total $43,929 · program services $28,554 · management and general $10,982 · fundraising $4,393

  • 11c · Fees: accounting

    total $8,009 · management and general $8,009

  • 11g · Fees: other

    total $204,004 · program services $84,190 · management and general $119,477 · fundraising $337

  • 12 · Advertising and promotion

    total $55,053 · program services $47,278 · management and general $7,406 · fundraising $369

  • 13 · Office expenses

    total $3,822 · program services $500 · management and general $3,297 · fundraising $25

  • 14 · Information technology

    total $53,377 · program services $32,846 · management and general $13,291 · fundraising $7,240

  • 17 · Travel

    total $1,334 · management and general $1,334

  • 19 · Conferences, conventions and meetings

    total $4,760 · program services $4,560 · management and general $200

  • 20 · Interest

    total $13,195 · management and general $13,195

  • 22 · Depreciation, depletion and amortization

    total $21,764 · management and general $21,764

  • 23 · Insurance

    total $4,654 · program services $2,327 · management and general $2,327

  • 24a · Other expenses: PROJECT EXPENSE

    total $48,254 · program services $31,927 · management and general $16,327

  • 24b · Other expenses: RESOURCE DEVELOPMENT

    total $11,612 · program services $11,612

  • 24c · Other expenses: TRAINING & DEVELOPMENT

    total $2,804 · management and general $2,804

  • 24e · All other expenses

    total $13,285 · program services $5,690 · management and general $112 · fundraising $7,483

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $443,763 · end of year $376,481

  • 8 · Inventories for sale or use

    beginning of year $110,639 · end of year $95,618

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,288 · end of year $5,701

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

    $111,039

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

    $77,294

  • 10c · Land, buildings and equipment, net

    beginning of year $55,509 · end of year $33,745

  • 15 · Other assets

    beginning of year $0 · end of year $5,142

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,003 · end of year $116,334

  • 19 · Deferred revenue

    beginning of year $34,059 · end of year $77,191

  • 24 · Unsecured notes and loans payable

    beginning of year $312,000 · end of year $312,000

  • 27 · Net assets without donor restrictions

    beginning of year $68,827 · end of year -$72,976

  • 28 · Net assets with donor restrictions

    beginning of year $88,310 · end of year $84,138

Mission and programs · 2023

Mission

TRUTH78'S MISSION IS TO INSPIRE AND EQUIP THE CHURCH AND THE HOME FOR THE COMPREHENSIVE DISCIPLESHIP OF THE NEXT GENERATION.

Activities or mission (Part I)

OUR VISION IS THAT THE NEXT GENERATIONS KNOW, HONOR, AND TREASURE GOD, SETTING THEIR HOPE IN CHRIST ALONE, SO THAT THEY WILL LIVE AS FAITHFUL DISCIPLES FOR THE GLORY OF GOD.

  • TRUTH78 IS A VISION-ORIENTED MINISTRY FOR THE NEXT GENERATIONSTHAT THEY MAY KNOW, HONOR, AND TREASURE GOD, SETTING THEIR HOPE IN CHRIST ALONE, SO THAT THEY WILL LIVE AS FAITHFUL DISCIPLES FOR THE GLORY OF GOD.OUR MISSION IS TO INSPIRE AND EQUIP THE CHURCH AND THE HOME FOR THE COMPREHENSIVE DISCIPLESHIP OF THE NEXT GENERATIONWE ARE EAGER TO "INSPIRE" THE CHURCH AND PARENTS TO EMBRACE THE PRIVILEGE AND THE RESPONSIBILITY FOR THE INTENTIONAL DISCIPLESHIP OF THE NEXT GENERATION, AND TO "EQUIP" THEM WITH THE TOOLS AND RESOURCES THAT WILL SUPPORT THEIR EFFORTS, ENABLING THEM TO FULFILL THIS HIGH AND HOLY CALLING.TRUTH78 PUBLISHED 1 NEW AND REVISED 3 ENGLISH CURRICULA FOR A TOTAL OF 29 ENGLISH CURRICULA AND 13 SPANISH CURRICULA.ENGLISH RESOURCES: THIS YEAR, WE PUBLISHED 9 NEW AND REVISED 10 ENGLISH RESOURCES FOR A TOTAL OF 158 ENGLISH RESOURCES AND 4 SPANISH RESOURCES. TRUTH78 TRANSLATED 10 ENGLISH RESOURCES IN 6 LANGUAGES FOR A TOTAL OF 73 TRANSLATED RESOURCES. ALL TRANSLATED RESOURCES OTHER THAN ENGLISH AND SPANISH ARE AVAILABLE AT WWW.TRUTH78.ORG FOR FREE WORLDWIDE DOWNLOAD AND USE. MANY INDIVIDUALS FROM 53 COUNTRIES DOWNLOADED FREE TRANSLATED RESOURCES.BLOGS: WE WROTE 74 BLOGS THIS YEAR TO INSPIRE AND EQUIP THE CHURCH FOR THE COMPREHENSIVE DISCIPLESHIP OF THE NEXT GENERATION. THE 74 BLOGS, ALONG WITH THE EXISTING 2,000 BLOGS RECEIVED 25,870 PAGE VIEWS. INSPIRATIONAL AND EQUIPPING BLOGS ARE AVAILABLE AT WWW.TRUTH78.ORG FOR FREE WORLDWIDE DISTRIBUTION.THIS YEAR, WE WROTE 52 DEVOTIONAL, BIBLICAL BLOGS TO ENCOURAGE THE FAITH OF PARENTS, TEACHERS AND CHILDREN. THE 52 BLOGS ALONG WITH 520 EXISTING DEVOTIONAL BLOGS RECEIVED 491,900 PAGE VIEWS. ALL DEVOTIONAL BLOGS ARE AVAILABLE AT WWW.FIGHTERVERSES.COM FOR FREE WORLDWIDE DISTRIBUTIONTRUTH78 HOSTED 8 FREE WEBINARS THAT INCLUDED 750 LIVE ATTENDEES AND 3,506 VIDEO VIEWS.RESOURCE GRANTS: TRUTH78 PROVIDED RESOURCE GRANTS, EITHER FREE OR HEAVILY DISCOUNTED, OF ENGLISH AND SPANISH RESOURCES SERVING 9,134 CHILDREN.

    Expenses $757,772 · Revenue $423,989

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Michael

    EXECUTIVE DIRECTOR / PRESI

    Total calculated
    $99,121
    From this org
    $96,283
    From related orgs
    $0
    Other
    $2,838
    Hours/week
    40

  • Brian Eaton

    DIRECTOR OF OPERATIONS / SECRETARY

    Total calculated
    $101,254
    From this org
    $90,373
    From related orgs
    $0
    Other
    $10,881
    Hours/week
    40

  • Bill Kesting

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Tim Wells

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marijo Brosius

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Colucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcia Olynyk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Rudd

    DIRECTOR

    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
2023
Filed
18 March 2025
IRS schema version
2023v6.0
Source object
202520949349301217

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