Belt Of Truth Ministries
- Assets
- $610.0k
- Revenue
- $494.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Lakeview, MI
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 46-4085355
Organization Overview
Belt Of Truth Ministries is located in Lakeview, MI. The organization was established in 2015. According to its NTEE Classification (X81) the organization is classified as: Religious Film & Video, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Belt Of Truth Ministries employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belt Of Truth Ministries 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, Belt Of Truth Ministries generated $494.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $447.5k during the year ending 12/2022. While expenses have increased by 8.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS AND EDUCATIONAL PRODUCTS AND SEMINARS AIMED AT ENCOMPASSING TEACHINGS TO CREATE A BRIGHTER FUTURE FOR OUR PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL MATERIAL AND TRAINING OFFERED AS PART OF OUTREACH TO PROVIDE MORE PEOPLE ACCESS TO EDUCATION RELATED TO EXEMPT CAUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott E Ritsema President | Officer | 50 | $67,736 |
Camilla R Ritsema Secretary | Officer | 10 | $27,313 |
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 | $340,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,000 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,992 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,640 |
| 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. | $95,049 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,513 |
| Office expenses | $4,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,434 |
| 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 | $601 |
| Insurance | $458 |
| All other expenses | $33,373 |
| Total functional expenses | $447,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,167 |
| Savings and temporary cash investments | $5,797 |
| 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 | $15,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $376,383 |
| Investments—publicly traded securities | $117,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $610,014 |
| Accounts payable and accrued expenses | $31,207 |
| 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 | $0 |
| Total liabilities | $31,207 |
| Net assets without donor restrictions | $0 |
| 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 | $578,807 |
| Total liabilities and net assets/fund balances | $610,014 |
Grants Awarded
Over the last fiscal year, Belt Of Truth Ministries has awarded $100,639 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EDMORE SEVENTH DAY ADVENTIST CHURCH PURPOSE: Donation | $7,470 |
OTHER TAX EXEMPT ORGANIZATIONS | | | $93,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Realife Media Inc Bloomington, IN | $4,588,945 | $451,457 |
Belt Of Truth Ministries Lakeview, MI | $610,014 | $494,576 |
Salt Project Inc Indianapolis, IN | $84,661 | $240,296 |
The Underground Inc Cincinnati, OH | $39,171 | $0 |
Ahava Productions Inc Oconomowoc, WI | $179,868 | $0 |
Journey Of Life Westerville, OH | $0 | $0 |
What Catholics Believe Norwood, OH | $168,302 | $0 |
Ken Nelson Ministries Inc Indianapolis, IN | $0 | $0 |
Catholic Forum Caledonia, MI | $59 | $0 |