Totals
- Total revenue
- $5,014,278
- Total expenses
- $4,632,504
- Contributions and grants received
- $4,907,333
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $14,969
- Other revenue
- $91,976
- Total assets, end of year
- $2,803,904
- Total liabilities, end of year
- $1,079,209
- Net assets or fund balances, end of year
- $1,724,695
- Program services expenses (Part IX)
- $3,263,643
- Management and general expenses
- $705,238
- Fundraising expenses
- $663,623
- Program service expenses (Part III)
- $3,263,643
Program services were 70.5% 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.
-
1f · All other contributions, gifts and grants
$4,907,333
-
1g · Noncash contributions included above
$31,930
-
3 · Investment income
total $12,058 · excluded $12,058
-
7a · Gross sales of assets other than inventory
securities $32,582
-
7b · Less cost or other basis and sales expenses
securities $29,671
-
7c · Gain or loss
securities $2,911
-
7d · Net gain or loss
total $2,911 · excluded $2,911
-
10a · Gross sales of inventory
$151,231
-
10b · Cost of goods sold
$66,037
-
10c · Net income from sales of inventory
total $85,194 · related or exempt $85,194
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $6,782 · excluded $6,782
-
11e · Other revenue, total
$6,782
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $214,807 · program services $114,218 · management and general $48,396 · fundraising $52,193
-
7 · Other salaries and wages
total $1,143,019 · program services $620,452 · management and general $244,956 · fundraising $277,611
-
8 · Pension plan contributions
total $49,212 · program services $27,174 · management and general $10,881 · fundraising $11,157
-
9 · Other employee benefits
total $187,119 · program services $71,441 · management and general $68,493 · fundraising $47,185
-
10 · Payroll taxes
total $98,035 · program services $53,549 · management and general $21,290 · fundraising $23,196
-
11b · Fees: legal
total $4,977 · program services $520 · management and general $4,457
-
11c · Fees: accounting
total $14,830 · management and general $14,830
-
11f · Fees: investment management
total $1,466 · management and general $1,466
-
11g · Fees: other
total $384,456 · program services $229,924 · management and general $19,074 · fundraising $135,458
-
12 · Advertising and promotion
total $489,347 · program services $473,945 · management and general $121 · fundraising $15,281
-
13 · Office expenses
total $380,343 · program services $326,402 · management and general $34,412 · fundraising $19,529
-
14 · Information technology
total $138,314 · program services $125,172 · management and general $12,972 · fundraising $170
-
16 · Occupancy
total $106,077 · management and general $106,077
-
17 · Travel
total $112,612 · program services $40,801 · management and general $4,692 · fundraising $67,119
-
19 · Conferences, conventions and meetings
total $41,606 · program services $11,636 · management and general $24,215 · fundraising $5,755
-
22 · Depreciation, depletion and amortization
total $34,848 · program services $29,436 · management and general $5,412
-
23 · Insurance
total $24,838 · program services $14,828 · management and general $10,010
-
24a · Other expenses: NATIONAL DISTRIBUTION
total $561,389 · program services $561,389
-
24b · Other expenses: MEDIA PRODUCTION
total $465,517 · program services $465,517
-
24c · Other expenses: DONATION IN LIEU OF REN
total $92,050 · program services $92,050
-
24d · Other expenses: MISCELLANEOUS
total $69,267 · program services $791 · management and general $66,298 · fundraising $2,178
-
24e · All other expenses
total $18,375 · program services $4,398 · management and general $7,186 · fundraising $6,791
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $716,514 · end of year $1,086,184
-
2 · Savings and temporary cash investments
beginning of year $305,838 · end of year $311,824
-
3 · Pledges and grants receivable
end of year $5,000
-
4 · Accounts receivable
beginning of year $3,481 · end of year $2,710
-
8 · Inventories for sale or use
beginning of year $82,046 · end of year $86,389
-
9 · Prepaid expenses and deferred charges
beginning of year $78,906 · end of year $99,909
-
10a · Land, buildings and equipment: cost or other basis
$903,865
-
10b · Land, buildings and equipment: accumulated depreciation
$759,569
-
10c · Land, buildings and equipment, net
beginning of year $164,102 · end of year $144,296
-
11 · Investments: publicly traded securities
beginning of year $169,652 · end of year $262,782
-
15 · Other assets
beginning of year $850,456 · end of year $804,810
-
17 · Accounts payable and accrued expenses
beginning of year $182,707 · end of year $247,677
-
25 · Other liabilities
beginning of year $867,739 · end of year $831,532
-
27 · Net assets without donor restrictions
beginning of year $1,320,549 · end of year $1,560,204
-
28 · Net assets with donor restrictions
end of year $164,491
Mission and programs · 2023
Mission
TIME OF GRACE IS FOR PEOPLE WHO WANT MORE GROWTH AND LESS STRUGGLE IN THEIR SPIRITUAL WALK. WE SHARE THE TRUTH OF GOD'S WORD SIMPLY AND CLEARLY THROUGH TELEVISION, PRINT, AND DIGITAL MEDIA THAT PEOPLE VIEW MILLIONS OF TIMES EACH MONTH. WE CONNECT PEOPLE TO GOD'S GRACE SO THEY KNOW THEY ARE LOVED AND FORGIVEN AND CAN START EXPERIENCING A JOY-FILLED LIFE NO MATTER WHAT CHALLENGES LIFE BRINGS.
-
RELIGIOUS TELEVISION PROGRAMMING WHICH IS PRODUCED AND SUBSEQUENTLY BROADCAST ON LOCAL TELEVISION STATIONS AND SATELLITE NETWORKS AS WELL AS PRODUCING DIGITAL MEDIA AND PRINT RESOURCES.
Expenses $3,263,643
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daryl RaabeDARYL RAABE
VICE PRESIDENT-EXECUTIVE C
- Total calculated
- $0
- Hours/week
- 1
-
Mary BakerMARY BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed CarowED CAROW
TREASURER-EXECUTIVE COMMIT
- Total calculated
- $0
- Hours/week
- 1
-
Bruce EberleBRUCE EBERLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy GreenfieldWENDY GREENFIELD
SECRETARY-EXECUTIVE COMMIT
- Total calculated
- $0
- Hours/week
- 1
-
Mike NovotnyMIKE NOVOTNY
SPEAKER
- Total calculated
- $43,491
- From this org
- $43,491
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Matt TrotterMATT TROTTER
CEO/PRESIDENT
- Total calculated
- $171,315
- From this org
- $148,655
- From related orgs
- $0
- Other
- $22,660
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,655
- Bonus
- $0
- Other
- $0
- Deferred
- $7,433
- Nontaxable benefits
- $15,227
- Filer's total
- $171,315
-
Justin BeckJUSTIN BECK
CHAIRMAN-EXECUTIVE COMMITT
- Total calculated
- $0
- Hours/week
- 1
-
Dave SchoeneckDAVE SCHOENECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin LehningerROBIN LEHNINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nate PaulNATE PAUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jenn NobuiJENN NOBUI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon SievertJON SIEVERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Omar BravoOMAR BRAVO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce BeckerBRUCE BECKER
EMPLOYEE
- Total calculated
- $136,116
- From this org
- $117,633
- From related orgs
- $0
- Other
- $18,483
- Hours/week
- 40
-
Clayton GrowCLAYTON GROW
EMPLOYEE
- Total calculated
- $121,169
- From this org
- $115,399
- From related orgs
- $0
- Other
- $5,770
- Hours/week
- 40
-
Kristine MaizeKRISTINE MAIZE
EMPLOYEE
- Total calculated
- $140,878
- From this org
- $108,951
- From related orgs
- $0
- Other
- $31,927
- Hours/week
- 40
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
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.
-
-
501(D) · WI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412749349300326
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