True Heritage Foundation
- Assets
- $157.9k
- Revenue
- $75.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 81-3170232
Organization Overview
True Heritage Foundation is located in Las Vegas, NV. The organization was established in 2018. 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. True Heritage Foundation 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, True Heritage Foundation generated $75.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $85.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEDDINGS FOR CHRISTIAN COUPLES - NUMEROUS EVENTS THROWN FOR CHARITABLE MISSION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,118 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,780 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,000 |
| Other employee salaries and wages | $2,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,250 |
| Depreciation | $14,634 |
| Occupancy | $27,078 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,791 |
| Total operating and administrative expenses | $85,709 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $85,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,112 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $100,775 |
| Other assets | $0 |
| Total assets | $157,887 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $17,140 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,140 |
Grants Awarded
Over the last fiscal year, True Heritage Foundation has awarded $550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
METRO HOPE FOR KIDS PURPOSE: AID CHRISTIAN CHILDREN IN NEED | $100 |
MISCELLANEOUS ORGANIZATIONS PURPOSE: AID CHRISTIAN COUPLES IN NEED | $450 |