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← SPREAD TRUTH MINISTRIES INC

Form 990 for tax year 2022

Filed by SPREAD TRUTH MINISTRIES INC.

Totals

Total revenue
$927,239
Total expenses
$1,004,443
Contributions and grants received
$859,441
Grants paid
$266,997
Program service revenue
$64,045
Investment income
$64
Other revenue
$3,689
Total assets, end of year
$329,205
Total liabilities, end of year
$161,514
Net assets or fund balances, end of year
$167,691
Program services expenses (Part IX)
$698,942
Management and general expenses
$105,606
Fundraising expenses
$199,895
Program service expenses (Part III)
$698,942

Program services were 69.6% 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.

  • 1e · Government grants (contributions)

    $70,047

  • 1f · All other contributions, gifts and grants

    $789,394

  • 2a · Program service revenue: PROGRAM FEES

    total $64,045 · related or exempt $64,045

  • 3 · Investment income

    total $64 · excluded $64

  • 10a · Gross sales of inventory

    $63,831

  • 10b · Cost of goods sold

    $63,102

  • 10c · Net income from sales of inventory

    total $729 · related or exempt $729

  • 11a · Other revenue: MISCELLANEOUS

    total $2,960 · related or exempt $2,960

  • 11e · Other revenue, total

    $2,960

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $266,997 · program services $266,997

  • 5 · Compensation of officers, directors and key employees

    total $130,468 · program services $32,617 · fundraising $97,851

  • 7 · Other salaries and wages

    total $263,909 · program services $154,963 · management and general $51,358 · fundraising $57,588

  • 9 · Other employee benefits

    total $7,057 · program services $2,566 · management and general $637 · fundraising $3,854

  • 10 · Payroll taxes

    total $20,458 · program services $12,132 · management and general $3,676 · fundraising $4,650

  • 11c · Fees: accounting

    total $338 · management and general $338

  • 12 · Advertising and promotion

    total $25,445 · program services $16,973 · fundraising $8,472

  • 13 · Office expenses

    total $38,680 · program services $21,443 · management and general $8,377 · fundraising $8,860

  • 14 · Information technology

    total $49,302 · program services $31,160 · management and general $12,900 · fundraising $5,242

  • 16 · Occupancy

    total $25,290 · management and general $25,290

  • 17 · Travel

    total $147,958 · program services $136,752 · management and general $6 · fundraising $11,200

  • 20 · Interest

    total $611 · management and general $611

  • 22 · Depreciation, depletion and amortization

    total $165 · program services $165

  • 23 · Insurance

    total $2,413 · management and general $2,413

  • 24a · Other expenses: RESOURCE DEV AND SUPPLIES

    total $20,337 · program services $18,250 · fundraising $2,087

  • 24b · Other expenses: MISCELLANEOUS

    total $5,015 · program services $4,924 · fundraising $91

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $139,958 · end of year $99,069

  • 2 · Savings and temporary cash investments

    beginning of year $303,212 · end of year $202,324

  • 8 · Inventories for sale or use

    beginning of year $37,631 · end of year $27,812

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

    $40,079

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

    $40,079

  • 10c · Land, buildings and equipment, net

    beginning of year $165

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,024 · end of year $18,514

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $70,047

  • 27 · Net assets without donor restrictions

    beginning of year $244,895 · end of year $167,691

Mission and programs · 2022

Mission

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

  • 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 500 PASTORS WERE TRAINED IN THE GOSPEL, AND OVER 370 GIRLS GRADUATED FROM THE FGM CURRICULUM WHAT IS A LITTLE GIRL WORTH.

    Expenses $304,275 · Grants $266,997

  • 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. ALL WEB AND APP BASED TOOLS, PLUS ALL VIDEOS, ARE AVAILABLE, FREE OF CHARGE, THROUGH ON-LINE ACCESS. 52,000 THE STORY BOOKLETS WERE DISTRIBUTED IN DISASTER BOXES ACROSS THE NATION.

    Expenses $268,104 · Revenue $70,825

  • 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.

    Expenses $126,563 · Revenue $57,051

As filed on the 2022 return.

Listed in Part VII

  • William McCorkle

    EXECUTIVE DIRECTOR

    Total calculated
    $77,214
    From this org
    $77,214
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Art Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Crisalli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Horine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevan Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Hall

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Jackson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ed Scearce

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ben Mengarelli

    TREASURER

    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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349312453

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