Trinity Broadcasting Of Texas Inc
- Assets
- $874.6m
- Revenue
- $79.7m
- Investments
- $0.0
- Employees
- 406
- Location
- Fort Worth, TX
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 74-1945661
Organization Overview
Trinity Broadcasting Of Texas Inc is located in Fort Worth, TX. The organization was established in 1987. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Trinity Broadcasting Of Texas Inc employed 406 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Broadcasting Of Texas 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 12/2021, Trinity Broadcasting Of Texas Inc generated $79.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.5% each year . All expenses for the organization totaled $105.0m during the year ending 12/2021. While expenses have increased by 58.5% 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.
Since 2019, Trinity Broadcasting Of Texas Inc has awarded 47 individual grants totaling $92,720,194. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPREAD THE GOSPEL OF JESUS CHRIST TO THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY BROADCASTING OF TEXAS, INC. (TBT) IS A CHURCH WHOSE PRIMARY PURPOSE IS TO SPREAD THE GOSPEL OF JESUS CHRIST TO THE WORLD THROUGH TRADITIONAL AND NONTRADITIONAL BROADCASTING METHODS. ITS ACTIVITIES ARE EXCLUSIVELY AND SOLELY RELIGIOUS IN NATURE. TBT IS A 501(C)(3) CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew W Crouch President/ch | OfficerTrustee | 1 | $0 |
Colby May Director | Trustee | 40 | $828,631 |
Robert Fopma COO | 1 | $0 | |
Laurie M Crouch Vice-Pres/co | OfficerTrustee | 1 | $0 |
James A Mittan Treasurer/cf | Officer | 40 | $217,193 |
Trent Gibson Captain Airc | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hitachi Kokusai Electric Llc Broadcast | 12/30/22 | $2,542,522 |
Intelsat Alliance Lp Broadcast | 12/30/22 | $1,978,357 |
William L Hardesty Construction | 12/30/22 | $1,422,415 |
Mrw Productions Llc Production | 12/30/22 | $1,270,423 |
Law Offices Of Colby May Legal | 12/30/22 | $828,631 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,117,071 |
| Investment income | $26,437,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $142,492 |
| Net Rental Income | $718,506 |
| 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 | $79,721,584 |
| Statement of Expenses | |
|---|---|
| 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. | $1,049,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,059,995 |
| Pension plan accruals and contributions | $256,117 |
| Other employee benefits | $2,286,135 |
| Payroll taxes | $832,716 |
| 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 | $13,503,345 |
| Advertising and promotion | $53,476 |
| Office expenses | $13,281,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,750,188 |
| Travel | $1,534,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $390,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,656,081 |
| Insurance | $1,417,609 |
| All other expenses | $0 |
| Total functional expenses | $105,013,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,921,183 |
| Savings and temporary cash investments | $3,095,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,265,824 |
| 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 | $17,102,124 |
| Investments—publicly traded securities | $380,773,986 |
| Investments—other securities | $0 |
| Investments—program-related | $21,148,541 |
| Intangible assets | $251,712,815 |
| Other assets | $73,634,727 |
| Total assets | $874,573,880 |
| Accounts payable and accrued expenses | $10,967,732 |
| Grants payable | $0 |
| Deferred revenue | $5,830,270 |
| 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 | $37,808,034 |
| Total liabilities | $54,606,036 |
| Net assets without donor restrictions | $819,916,341 |
| Net assets with donor restrictions | $51,503 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $819,967,844 |
Grants Awarded
Over the last fiscal year, Trinity Broadcasting Of Texas Inc has awarded $3,106,176 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SENDERS NFLMG INC PURPOSE: GENERAL SUPPORT | $1,600,617 |
TELEVISIONE CRISTIANA ITALIANA SRL PURPOSE: GENERAL SUPPORT | $557,515 |
TOUCH OF HEAVEN MINISTRIES PURPOSE: GENERAL SUPPORT | $400,000 |
ROBERT MORRIS EVANGELISTIC ASSOC PURPOSE: GENERAL SUPPORT | $100,000 |
A21 CAMPAIGN INC PURPOSE: GENERAL SUPPORT | $157,858 |
SMILE OF A CHILD PURPOSE: GENERAL SUPPORT | $76,000 |