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← TCT MINISTRIES INC

Form 990 for tax year 2023

Filed by TCT MINISTRIES INC.

What the amendment changed

Compared with the return it replaced , filed 9 November 2024. 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
$12,225,144
Total expenses
$11,679,030
Contributions and grants received
$8,598,441
Grants paid
$0
Program service revenue
$3,338,076
Investment income
$288,392
Other revenue
$235
Total assets, end of year
$12,525,379
Total liabilities, end of year
$2,565,255
Net assets or fund balances, end of year
$9,960,124
Program services expenses (Part IX)
$7,791,252
Management and general expenses
$3,687,841
Fundraising expenses
$199,937
Program service expenses (Part III)
$7,791,252

Program services were 66.7% 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

    $7,891,185

  • 1f · All other contributions, gifts and grants

    $707,256

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $2,079,848 · related or exempt $2,079,848

  • 2b · Program service revenue: BROADCASTING INCOME

    total $1,182,765 · related or exempt $1,182,765

  • 2c · Program service revenue: MISSIONS AND HELPING HAND

    total $75,463 · related or exempt $75,463

  • 3 · Investment income

    total $284,392 · excluded $284,392

  • 5 · Royalties

    total $235 · related or exempt $235

  • 7a · Gross sales of assets other than inventory

    other assets $4,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $4,000

  • 7d · Net gain or loss

    total $4,000 · unrelated business $4,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $383,937 · management and general $383,937

  • 7 · Other salaries and wages

    total $1,840,252 · program services $645,015 · management and general $1,150,753 · fundraising $44,484

  • 9 · Other employee benefits

    total $731,372 · program services $219,412 · management and general $497,333 · fundraising $14,627

  • 10 · Payroll taxes

    total $190,929 · program services $57,279 · management and general $129,832 · fundraising $3,818

  • 11a · Fees: management

    total $734 · management and general $734

  • 12 · Advertising and promotion

    total $118,886 · program services $118,886

  • 13 · Office expenses

    total $104,739 · program services $10,186 · management and general $94,553

  • 14 · Information technology

    total $214,232 · program services $21,423 · management and general $192,809

  • 17 · Travel

    total $412,591 · program services $276,436 · management and general $136,155

  • 20 · Interest

    total $10,895 · program services $10,895

  • 22 · Depreciation, depletion and amortization

    total $141,816 · program services $127,634 · management and general $14,182

  • 23 · Insurance

    total $143,197 · program services $114,558 · management and general $28,639

  • 24a · Other expenses: DONATIONS, RELATED ENTI

    total $2,079,848 · program services $2,079,848

  • 24b · Other expenses: OUTSIDE SERVICES

    total $2,036,709 · program services $2,036,709

  • 24c · Other expenses: PROFESSIONAL FEES

    total $1,643,960 · program services $657,584 · management and general $986,376

  • 24d · Other expenses: RENT EXPENSE, OTHER

    total $258,424 · program services $258,424

  • 24e · All other expenses

    total $1,366,509 · program services $1,156,963 · management and general $72,538 · fundraising $137,008

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$18,068 · end of year -$31,800

  • 2 · Savings and temporary cash investments

    beginning of year $38,427 · end of year $52,920

  • 4 · Accounts receivable

    beginning of year $189,982 · end of year $279,066

  • 9 · Prepaid expenses and deferred charges

    beginning of year $311,997 · end of year $592,595

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

    $5,451,386

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

    $5,134,485

  • 10c · Land, buildings and equipment, net

    beginning of year $441,227 · end of year $316,901

  • 11 · Investments: publicly traded securities

    beginning of year $9,067,268 · end of year $10,443,210

  • 12 · Investments: other securities

    beginning of year $198,212 · end of year $100,006

  • 15 · Other assets

    beginning of year $696,643 · end of year $772,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $805,359 · end of year $898,822

  • 24 · Unsecured notes and loans payable

    beginning of year $1,345,538 · end of year $916,433

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $7,894,253 · end of year $9,844,004

  • 28 · Net assets with donor restrictions

    beginning of year $130,538 · end of year $116,120

Mission and programs · 2023

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 $7,791,252 · Revenue $3,338,311

As filed on the 2023 return.

Listed in Part VII

  • Vacant

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Christina M Coonce

    VICE PRESIDENT

    Total calculated
    $41,097
    From this org
    $0
    From related orgs
    $40,982
    Other
    $115
    Hours/week
    2 + 46 related

  • Julie A Nolan

    ASSISTANT SEC

    Total calculated
    $33,198
    From this org
    $20,072
    From related orgs
    $0
    Other
    $13,126
    Hours/week
    40 + 6 related

  • Thomas C Nolan IV

    DIRECTOR

    Total calculated
    $174,860
    From this org
    $0
    From related orgs
    $135,746
    Other
    $39,114
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,746 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,114 related
    Filer's total
    $0 + $174,860 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
    $195,158
    From this org
    $182,663
    From related orgs
    $0
    Other
    $12,495
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $182,663
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,495
    Filer's total
    $195,158

  • Shane A Chaney

    CFO

    Total calculated
    $181,202
    From this org
    $181,202
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $181,202
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,202

  • Greg Ellsworth

    EMPLOYEE

    Total calculated
    $140,865
    From this org
    $140,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Judy Church

    EMPLOYEE

    Total calculated
    $109,760
    From this org
    $109,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • John Dady

    EMPLOYEE

    Total calculated
    $128,568
    From this org
    $128,568
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Robery Higley

    EMPLOYEE

    Total calculated
    $118,183
    From this org
    $118,183
    From related orgs
    $0
    Other
    $0
    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:
CHRISTINA COONCE - VICE PRESIDENT; MOTHER OF JULIE NOLAN AND VICTORIA CLARK AND GRANDMOTHER OF THOMAS NOLAN JULIE NOLAN - ASSIST. SEC.; DAUGHTER OF CHRISTINA COONCE AND MOTHER OF THOMAS NOLAN VICTORIA CLARK - DIRECTOR; DAUGHTER OF CHRISTINA COONCE THOMAS NOLAN - DIRECTOR; SON OF JULIE NOLAN AND GRANDSON OF 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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349304336

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