Spread Truth Ministries Inc
- Assets
- $329.2k
- Revenue
- $927.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Bloomington, IL
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 37-1414019
Organization Overview
Spread Truth Ministries Inc is located in Bloomington, IL. The organization was established in 2002. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Spread Truth Ministries Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spread Truth Ministries 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 12/2022, Spread Truth Ministries Inc generated $927.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 4 years. 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
SPREAD TRUTH DEVELOPS TRAINING MATERIALS AND RESOURCES TO HELP CHRISTIANS CONFIDENTLY SHARE CHRIST IN RELEVANT AND LOVING WAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mccorkle Executive Director | Officer | 40 | $77,214 |
Art Simpson Director | Trustee | 1 | $0 |
Richard Crisalli Director | Trustee | 1 | $0 |
Matt Horine Director | Trustee | 1 | $0 |
Kevan Taylor Director | Trustee | 1 | $0 |
Amy Hall Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $789,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $859,441 |
| Total Program Service Revenue | $64,045 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $729 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $927,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $266,997 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,468 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,909 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,057 |
| Payroll taxes | $20,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,445 |
| Office expenses | $38,680 |
| Information technology | $49,302 |
| Royalties | $0 |
| Occupancy | $25,290 |
| Travel | $147,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165 |
| Insurance | $2,413 |
| All other expenses | $0 |
| Total functional expenses | $1,004,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,069 |
| Savings and temporary cash investments | $202,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,812 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $329,205 |
| Accounts payable and accrued expenses | $18,514 |
| 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 | $143,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $161,514 |
| Net assets without donor restrictions | $167,691 |
| Net assets with donor restrictions | $0 |
| 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 | $329,205 |