Talk Is Cheap Inc
- Assets
- $30.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 02-0786624
Organization Overview
Talk Is Cheap Inc is located in Youngstown, OH. The organization was established in 2008. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talk Is Cheap Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Talk Is Cheap Inc generated $166.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $188.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2020, TALK IS CHEAP, INC. MADE PRESENTATIONS TO HIGH SCHOOLS, MIDDLE SCHOOLS, YOUTH CAMPS, AND OTHER YOUTH ORGANIZATIONS ENCOURAGING YOUNG PEOPLE TO LIVE UP TO THEIR POTENTIAL. DURING 2020, THE PRESIDENT SPOKE TO OVER 21,000 STUDENTS, PARENTS, AND TEACHERS AT MORE THAN 160 SCHOOL ASSEMBLIES, SEMINARS, CHAPELS, AND CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Kohout Executive Director | 40 | $117,300 | |
Susan Kohout Secretary | 40 | $26,800 | |
Craig Steinhoff Treasurer | 2 | $0 | |
Laura Scotford Trustee | 2 | $0 | |
Greg Smith Trustee | 2 | $0 | |
Jack Durkin Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,055 |
| Total Program Service Revenue | $19,176 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $38 |
| Total Revenue | $166,387 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $155,233 |
| Professional fees and other payments to independent contractors | $1,451 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,777 |
| Other expenses | $29,712 |
| Total expenses | $188,173 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,510 |
| Other assets | $0 |
| Total assets | $30,492 |
| Total liabilities | $1,481 |
| Net assets or fund balances | $29,011 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Talk Is Cheap Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Scotford Foundation John P Scotford Jr Ttee Poland, OH PURPOSE: GENERAL SUPPORT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coalition For Christian Outreach Pittsburgh, PA | $24,696,171 | $12,325,655 |
Michigan Masonic Charitable Foundation Alma, MI | $137,066,665 | $8,370,394 |
People Of Praise Inc South Bend, IN | $18,737,692 | $5,092,243 |
Youth For Christ Usa Inc Columbus, OH | $11,050,772 | $6,519,038 |
Alliance For Decision Education Inc Bala Cynwyd, PA | $2,002,482 | $3,505,595 |
Lake Ann Baptist Camp Inc Lake Ann, MI | $13,737,481 | $3,523,951 |
The Center That C A R E S Children Adult Recreational And Pittsburgh, PA | $3,747,576 | $2,450,732 |
Youth For Christ Usa Inc Fort Wayne, IN | $4,583,229 | $3,052,119 |
Youth For Christ Usa Inc Bluffton, IN | $549,267 | $1,792,596 |
Child Evangelism Fellowship Of Pa Inc Mifflintown, PA | $910,349 | $2,080,219 |
Youth For Christ Usa Inc Kalamazoo, MI | $3,949,420 | $2,104,661 |
Grand Rapids Youth For Christ Inc Grand Rapids, MI | $1,409,107 | $2,211,634 |