Truth For Life
- Assets
- $31.3m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 40
- Location
- Solon, OH
- Founding
- 07/1995
- Data as of
- 12/2022
- EIN
- 34-1787585
Organization Overview
Truth For Life is located in Solon, OH. The organization was established in 1995. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Truth For Life employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth For Life 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 12/2022, Truth For Life generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $16.4m during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH THE BIBLE WITH CLARITY AND RELEVANCE THROUGH THE SERMONS OF ALISTAIR BEGG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUTH FOR LIFE, THE BIBLE-TEACHING MINISTRY OF ALISTAIR BEGG, PRODUCES AND DISTRIBUTES A DAILY BIBLE-TEACHING PROGRAM TO LISTENERS IN ALL MAJOR RADIO MARKETS ACROSS THE U.S. THROUGH APPROXIMATELY 1,900 RADIO OUTLETS. LISTENERS IN THE U.S. AND FROM AROUND THE WORLD CAN ACCESS THE PROGRAM FOR FREE ONLINE AT TRUTHFORLIFE.ORG, MOBILE DEVICE APPS, PODCAST, THROUGH FACEBOOK, APPLE ITUNES, SPOTIFY, YOUTUBE, AND BY WAY OF AMAZON FIRE AND ROKU TV. TRUTH FOR LIFE IS COMMITTED TO DELIVERING CLEAR, RELEVANT BIBLE-TEACHING WITHOUT COST AS A BARRIER AND MAKES ALISTAIR'S ENTIRE TEACHING ARCHIVE FREE ONLINE. EACH MONTH, OVER FIVE MILLION MESSAGES ARE DOWNLOADED FOR FREE BY LISTENERS ACROSS THE GLOBE. FOLLOWERS OF THE MINISTRY CAN ALSO SHARE ALISTAIR'S TEACHING OR ACCESS (CONTINUED ON SCHEDULE O)THE DAILY BLOG THROUGH FACEBOOK, TWITTER, AND INSTAGRAM. FOR LISTENERS WHO PREFER TO OWN TRUTH FOR LIFE'S BIBLE TEACHING MESSAGES A USB CAN BE PURCHASED AT COST, WITH NO MARK UP, THANKS TO THE GENEROUS AND FAITHFUL GIVING OF THE MINISTRY'S DONORS. TRUTH FOR LIFE IS FULLY DEDICATED TO TEACHING THE BIBLE WITH CLARITY AND RELEVANCE SO THAT UNBELIEVERS WILL BE CONVERTED, BELIEVERS WILL BE ESTABLISHED, AND LOCAL CHURCHES WILL BE STRENGTHENED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alistair Begg President | OfficerTrustee | 20 | $349,895 |
Robert Butts Chief Operating Officer | Officer | 50 | $200,000 |
Michael Costlow Operations Manager | 50 | $113,000 | |
Scott Andrews Board Member | Trustee | 0.5 | $0 |
James Davis Secretary | OfficerTrustee | 0.5 | $0 |
William Koeblitz Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oos Llc Systems Development | 12/30/22 | $142,400 |
Continental Broadband Llc Systems Development | 12/30/22 | $116,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,346,245 |
| Noncash contributions included in lines 1a–1f | $117,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,346,245 |
| Total Program Service Revenue | $0 |
| Investment income | $331,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$645,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$321,637 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,710,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $616,526 |
| Compensation of current officers, directors, key employees. | $124,558 |
| Compensation to disqualified persons | $1,812,961 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $727,960 |
| Payroll taxes | $153,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,260 |
| Fees for services: Accounting | $32,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65,062 |
| Information technology | $514,058 |
| Royalties | $0 |
| Occupancy | $199,871 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,366 |
| Interest | $1,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $628,045 |
| Insurance | $38,372 |
| All other expenses | $831,651 |
| Total functional expenses | $16,355,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,363,338 |
| Savings and temporary cash investments | $440,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,142,646 |
| Prepaid expenses and deferred charges | $316,129 |
| Net Land, buildings, and equipment | $10,174,907 |
| Investments—publicly traded securities | $14,841,245 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,319,259 |
| Accounts payable and accrued expenses | $1,204,074 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,583 |
| Total liabilities | $1,238,657 |
| Net assets without donor restrictions | $30,035,602 |
| Net assets with donor restrictions | $45,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,319,259 |