Truth For Today World Mission School Inc
- Assets
- $8.9m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Searcy, AR
- Founding
- 12/1994
- Data as of
- 12/2020
- EIN
- 71-0753278
Organization Overview
Truth For Today World Mission School Inc is located in Searcy, AR. The organization was established in 1994. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Truth For Today World Mission School Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth For Today World Mission School 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 12/2020, Truth For Today World Mission School Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY ACTIVITY OF THE ORGANIZATION IS PREACHER AND TEACHER TRAINING THROUGH MAINLY (1) PERIODICALS AND BOOKS AND ALSO (2) ONLINE COURSES. (1) THE ORGANIZATION SERVES UP TO 30,000 NATIVE PREACHERS AND TEACHERS IN APPROXIMATELY 120 COUNTRIES. THE TFTWMS WEBSITE, WWW.BIBLECOURSES.COM, SERVES THE WORLD WITH THOUSANDS OF LESSONS IN 16 LANGUAGES. ALSO, SETS OF 500-PAGE COMMENTARIES IN ENGLISH OR ANOTHER LANGUAGE ARE PROVIDED TO A DIFFERENT PORTION OF THE WORLD EACH YEAR THROUGH THE COVERING THE CONTINENTS WITH COMMENTARIES PROJECT.(2) THE TFTWMS ONLINE SCHOOL, WWW.THROUGHTHESCRIPTURES.COM SERVES THE WORLD WITH ONLINE STUDIES OF THE BOOKS OF THE BIBLE IN 23 LANGUAGES WITH 400 HIGH-LEVEL COURSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACTIVITY OF THE ORGANIZATION IS PREACHER AND TEACHER TRAINING THROUGH MAINLY (1) PERIODICALS AND BOOKS AND ALSO (2) ONLINE COURSES. (1) THE ORGANIZATION SERVES UP TO 30,000 NATIVE PREACHERS AND TEACHERS IN APPROXIMATELY 120 COUNTRIES. THE TFTWMS WEBSITE, WWW.BIBLECOURSES.COM, SERVES THE WORLD WITH THOUSANDS OF LESSONS IN 16 LANGUAGES. ALSO, SETS OF 500-PAGE COMMENTARIES IN ENGLISH OR ANOTHER LANGUAGE ARE PROVIDED TO A DIFFERENT PORTION OF THE WORLD EACH YEAR THROUGH THE COVERING THE CONTINENTS WITH COMMENTARIES PROJECT.(2) THE TFTWMS ONLINE SCHOOL, WWW.THROUGHTHESCRIPTURES.COM SERVES THE WORLD WITH ONLINE STUDIES OF THE BOOKS OF THE BIBLE IN 23 LANGUAGES WITH 400 HIGH-LEVEL COURSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Cloer Manager | OfficerTrustee | 40 | $40,545 |
Eddie Cloer President | OfficerTrustee | 40 | $0 |
David Riley Vice Preside | OfficerTrustee | 1 | $0 |
Don Brown Director | Trustee | 2 | $0 |
Glenn Boyd Director | Trustee | 1 | $0 |
Larry Curtis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,999,251 |
| Noncash contributions included in lines 1a–1f | $423,641 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,124,951 |
| Total Program Service Revenue | $0 |
| Investment income | $151,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $252,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,531,764 |
| 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. | $40,545 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $504,018 |
| Pension plan accruals and contributions | $15,614 |
| Other employee benefits | $2,217 |
| Payroll taxes | $47,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $170 |
| Advertising and promotion | $0 |
| Office expenses | $31,241 |
| Information technology | $79,742 |
| Royalties | $0 |
| Occupancy | $16,910 |
| Travel | $6,206 |
| 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 | $23,037 |
| Insurance | $57,542 |
| All other expenses | $20,299 |
| Total functional expenses | $1,859,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,356,091 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,435 |
| 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 | $5,466 |
| Net Land, buildings, and equipment | $313,777 |
| Investments—publicly traded securities | $7,207,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,904,427 |
| Accounts payable and accrued expenses | $56,646 |
| 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 | $75,732 |
| Total liabilities | $132,378 |
| Net assets without donor restrictions | $2,343,511 |
| Net assets with donor restrictions | $6,428,538 |
| 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 | $8,904,427 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Truth For Today World Mission School Inc has recieved totaling $11,059.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $10,950 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Endowment Analysis
| Beg. Balance | $4,895,626 |
| Earnings | $537,972 |
| Admin Expense | $51,151 |
| Net Contributions | $1,648,925 |
| Other Expense | $185,470 |
| Ending Balance | $6,845,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Catholic Reporter Publishing Company Kansas City, MO | $17,137,826 | $9,019,634 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
Rhema For The Nations Inc Arlington, TX | $109,090 | $3,497,036 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Prophecy Watchers Inc Oklahoma City, OK | $2,102,531 | $3,358,704 |
Truth For Today World Mission School Inc Searcy, AR | $8,904,427 | $4,531,764 |
Good Faith Media Norman, OK | $777,804 | $1,966,334 |
St Louis Jewish Light St Louis, MO | $821,508 | $1,121,152 |
International Bible Association Dallas, TX | $1,916,333 | $274,630 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Baptist Standard Publishing Co Plano, TX | $7,713,665 | $700,835 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |