True Purpose Ministries
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Maryville, TN
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-1867807
Organization Overview
True Purpose Ministries is located in Maryville, TN. The organization was established in 2011. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, True Purpose Ministries employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. True Purpose 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 12/2021, True Purpose Ministries generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 21.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING, JOB TRAINING, FOOD, CLOTHING, TRANSPORTATION, AND BIBLE DISCIPLESHIP TRANING TO MEN RECOVERING FROM DRUG AND ALCOHOL ADDICTION AND ALSO TO MEN WHO SIMPLY DESIRE TO LEARN MORE ABOUT THE BIBILE AND ENROLL IN OUR MINISTRY.
Describe the Organization's Program Activity:
PROVIDE HOUSING, JOB TRAINING, FOOD, CLOTHING, TRANSPORTATION, AND BIBLE DISCIPLESHIP TRANING TO MEN RECOVERING FROM DRUG AND ALCOHOL ADDICTION AND ALSO TO MEN WHO SIMPLY DESIRE TO LEARN MORE ABOUT THE BIBILE AND ENROLL IN OUR MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Grivjack Treasurer | OfficerTrustee | 40 | $0 |
Pamela Schlief Secretary | OfficerTrustee | 40 | $0 |
Jeremy Graham Executive Director | Officer | 40 | $0 |
Tim West Board Member | Trustee | 1 | $0 |
Clay Mccoy Board Member | Trustee | 1 | $0 |
Ginger Marshall Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $366,582 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,582 |
| Total Program Service Revenue | $862,907 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,858 |
| 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 | $1,219,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,235 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,659 |
| 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 | $39,693 |
| Advertising and promotion | $1,480 |
| Office expenses | $50,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,431 |
| Travel | $45,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,121 |
| Insurance | $36,580 |
| All other expenses | $0 |
| Total functional expenses | $1,382,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,719 |
| 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 | $1,909,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,038,433 |
| Accounts payable and accrued expenses | $96,600 |
| 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 | $2,117,687 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,214,287 |
| Net assets without donor restrictions | -$175,854 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,038,433 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that True Purpose Ministries has recieved totaling $5,044.
| Awarding Organization | Amount |
|---|---|
Teleios Ministry Greenville, SC PURPOSE: PROGRAM SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $44 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Sheffield Place Kansas City, MO | $4,172,612 | $2,183,282 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |