Equipping With Truth Ministries Inc
- Assets
- $1.3m
- Revenue
- $697.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Statesville, NC
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 38-3770606
Organization Overview
Equipping With Truth Ministries Inc is located in Statesville, NC. The organization was established in 2008. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equipping With 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 12/2023, Equipping With Truth Ministries Inc generated $697.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $666.4k during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO EQUIP AND EMPOWER INDIVIDUALS TO LIVE GODLY FULFILLED LIVES THAT EXALT CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD DEVELOPMENT PROGRAM: MANY CHILDREN IN UGANDA ARE LIVING UNBEARABLY HARD LIVES EVEN THOUGH THEY MAY HAVE A PARENT OR FAMILY MEMBER TO LIVE WITH. FOOD IS SCARCE, SHELTER IS INADEQUATE, AND THEY HAVE NO DEFENSE AGAINST DISEASE. EVEN MORE, AN OPPORTUNITY FOR EDUCATION IS BEYOND THEIR REACH, LEAVING THEM WIHT LITTLE HOPE TO BREAK THE CYCLE OF POVERTY AND OPPRESSION IN THEIR LIVES. SOME OF THOSE CHILDREN LIVE IN HOME AND OTHERS ARE IN BOARDING SCHOOLS.
COMMUNITY EMPOWERMENT: WE HELP FAMILIES AND COMMUNITIES BY TRAINING FARMERS, PROVIDE WELLS IN COMMUNITIES TO HELP WITH PROVIDING CLEAN WATER AND HELP WITH FARMING.
EWT DISCIPLESHIP PROGRAM: ACCORDING TO CHRISTIAN LEADERS IN UGANDA, THE GREATEST SPIRITUAL NEED IS FOR DISCIPLESHIP AND TRAINING. WE ARE HOSTING CONFERENCES, SEMINARS, AND TRANING SESSIONS FOR PASTORS, UNIVERSITY STUDENTS, AND HIGH SCHOOL STUDENTS TO EQUIP THEM TO BETTER SHARE AND LIVE OUT THEIR CHRISTIAN FAITH WITH MULITPLICATION EFFECT. WE ALSO TARGET WOMEN, MEN, AND FAMILY CONCERNS. IN ADDITION, ALL OVER UGANDA AND EAST AFRICA, PEOPLE ARE HUNGRY FOR GOD'S WORK BUT FOR MANY IT IS BEYOND THEIR REACH. WE ARE PLACING BIBLES IN THOSE EAGER HANDS. WE BELIEVE THAT THE BIBLE IS "LIVING AND ACTIVE, SHARPER THAN ANY TWO EDGED SWORD AND HAS THE POWER TO CHANGE ANY LIFE. BIBLE DISTRIBUTION IS A HIGH PRIORITY FOR EWT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Mclelland Board Chairman | Trustee | 10 | $0 |
Ralph Carter Director | Trustee | 0 | $0 |
Dennis Leamon Director | Trustee | 0 | $0 |
Rusty Mclelland Director | Trustee | 0 | $0 |
Mary Mallory Director | Trustee | 0 | $0 |
Billy Moody Director | Trustee | 0 | $0 |
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 | $690,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,127 |
| Total Program Service Revenue | $0 |
| Investment income | $7,068 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $697,195 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,217 |
| Insurance | $0 |
| All other expenses | $42,725 |
| Total functional expenses | $666,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,601 |
| Savings and temporary cash investments | $671,636 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $592,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,284,406 |
| Accounts payable and accrued expenses | $0 |
| 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 | $324 |
| Total liabilities | $324 |
| Net assets without donor restrictions | $1,284,082 |
| 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 | $1,284,406 |