Love & Truth Network Inc
- Assets
- $317.6k
- Revenue
- $343.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Glendale, AZ
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-1895525
Organization Overview
Love & Truth Network Inc is located in Glendale, AZ. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Love & Truth Network Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love & Truth Network 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, Love & Truth Network Inc generated $343.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $295.9k during the year ending 12/2023. While expenses have increased by 12.0% per year over the past 3 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
PASTORAL CARE TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPPING LEADERS: TRAVEL TO MEET AND EVALUATE MINISTRY ENVIRONMENTS, PROVIDE ONGOING INDIVIDUAL & TEAM DEVELOPMENT TO IMPROVE THEIR CULTURE OF CARE...INDIVIDUAL AND GROUP SUPPORT: 20 WEEK PRAYER-FOCUSED PROGRAM, MENS RECOVERY GROUP, INDIVIDUAL SPIRITUAL MENTORING, FREINDS AND FAMILY GROUP...PUBLIC SPEAKING: ORGANIZE AND/OR SPEAK AT CONFERENCES, RETREATS & CHURCHES. GIVE RADIO INTERVIEWS & PODCASTS. EXHIBIT AT CONFERENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry M Ingraham Executive Director | Officer | 50 | $26,700 |
James Carl Director | Trustee | 1 | $0 |
Timothy Laos Treasurer | Officer | 1 | $0 |
Paul Ellis Chairman | Officer | 1 | $0 |
David Cottrell Secretary | Officer | 1 | $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 | $232,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,933 |
| Total Program Service Revenue | $112,726 |
| Investment income | $3,308 |
| 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 | -$5,607 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,785 |
| 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. | $26,700 |
| Compensation of current officers, directors, key employees. | $6,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,000 |
| Payroll taxes | $6,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,574 |
| Advertising and promotion | $0 |
| Office expenses | $3,522 |
| Information technology | $6,796 |
| Royalties | $0 |
| Occupancy | $6,615 |
| Travel | $24,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,414 |
| Insurance | $2,999 |
| All other expenses | $790 |
| Total functional expenses | $295,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,015 |
| Savings and temporary cash investments | $0 |
| 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 | $10,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $317,649 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $317,649 |
| Total liabilities and net assets/fund balances | $317,649 |