Truth78
- Assets
- $344.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 14
- Location
- St Paul, MN
- Founding
- 10/2015
- Data as of
- 06/2021
- EIN
- 47-3782829
Organization Overview
Truth78 is located in St Paul, MN. The organization was established in 2015. 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 06/2021, Truth78 employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Truth78 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 06/2021, Truth78 generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 12.6% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR VISION IS THAT THE NEXT GENERATIONS KNOW, HONOR, AND TREASURE GOD, SETTING THEIR HOPE IN CHRIST ALONE, SO THAT THEY WILL LIVE AS FAITHFUL DISCIPLES FOR THE GLORY OF GOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUTH78 IS A VISION-ORIENTED MINISTRY FOR THE NEXT GENERATIONSTHAT THEY MAY KNOW, HONOR, AND TREASURE GOD, SETTING THEIR HOPE IN CHRIST ALONE, SO THAT THEY WILL LIVE AS FAITHFUL DISCIPLES FOR THE GLORY OF GOD.OUR MISSION IS TO INSPIRE AND EQUIP THE CHURCH AND THE HOME FOR THE COMPREHENSIVE DISCIPLESHIP OF THE NEXT GENERATIONWE ARE EAGER TO "INSPIRE" THE CHURCH AND PARENTS TO EMBRACE THE PRIVILEGE AND THE RESPONSIBILITY FOR THE INTENTIONAL DISCIPLESHIP OF THE NEXT GENERATION, AND TO "EQUIP" THEM WITH THE TOOLS AND RESOURCES THAT WILL SUPPORT THEIR EFFORTS, ENABLING THEM TO FULFILL THIS HIGH AND HOLY CALLING.ENGLISH RESOURCES: THIS YEAR, WE PUBLISHED 14 NEW RESOURCES. TRUTH78 TRANSLATED 12 RESOURCES IN 11 FOREIGN LANGUAGES THIS YEAR. THESE RESOURCES, ALONG WITH 37 ADDITIONAL RESOURCES PREVIOUSLY TRANSLATED, ARE AVAILABLE AT TRUTH78.ORG FOR FREE WORLDWIDE DISTRIBUTION.BLOGS: WE WROTE 142 BLOGS THIS YEAR TO INSPIRE AND EQUIP CHURCHES AND PARENTS FOR THE COMPREHENSIVE DISCIPLE OF THEIR CHILDREN. THESE BLOGS, ALONG WITH THE 675 PREVIOUSLY PUBLISHED BLOGS, ARE AVAILABLE AT TRUTH78.ORG FOR FREE WORLDWIDE DISTRIBUTION. THE TRUTH78 BLOG SERVED 74,490 PAGE VIEWS. THIS YEAR, WE WROTE 52 DEVOTIONAL BLOGS THAT ARE AVAILABLE AT FIGHTERVERSES.COM FOR FREE WORLDWIDE DISTRIBUTION. THE FIGHTERVERSES.COM WEBSITE SERVED 84,616 PAGE VIEWS.RESOURCE GRANTS: TRUTH78 PROVIDED FREE OR SIGNIFICANTLY DISCOUNTED ENGLISH AND SPANISH RESOURCES TO 7,076 CHILDREN IN 11 DIFFERENT COUNTRIES THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Michael Executive Director / President | OfficerTrustee | 40 | $93,005 |
Brian Eaton Director Of Operations / Secretary | OfficerTrustee | 40 | $87,701 |
Ron Rudd Director | Trustee | 1 | $0 |
Mark Colucci Director | Trustee | 1 | $0 |
Bill Kesting Chairman Of The Board | Trustee | 1 | $0 |
Marcia Olynyk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $673,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $830,584 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $385,159 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,221,042 |
| 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. | $237,607 |
| Compensation of current officers, directors, key employees. | $118,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,675 |
| Pension plan accruals and contributions | $12,081 |
| Other employee benefits | $99,823 |
| Payroll taxes | $41,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $13,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,113 |
| Advertising and promotion | $90,685 |
| Office expenses | $10,141 |
| Information technology | $55,701 |
| Royalties | $0 |
| Occupancy | $1,600 |
| Travel | $600 |
| 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 | $29,162 |
| Insurance | $7,422 |
| All other expenses | $2,030 |
| Total functional expenses | $1,263,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,640 |
| Prepaid expenses and deferred charges | $9,811 |
| Net Land, buildings, and equipment | $83,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,361 |
| Accounts payable and accrued expenses | $105,902 |
| 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 | $46,079 |
| Total liabilities | $151,981 |
| Net assets without donor restrictions | $120,815 |
| Net assets with donor restrictions | $71,565 |
| 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 | $344,361 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Truth78 has recieved totaling $377,400.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $233,800 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $50,000 |
International Generosity Foundation Trust Clearwater, FL PURPOSE: EVANGELISM | $44,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $28,600 |
Planted Ministries Reedley, CA PURPOSE: FUND SPANISH TRANSALATION SERVICES FOR CHILDREN'S RELIGIOUS LITERATURE. | $21,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Truth78 St Paul, MN | $344,361 | $1,221,042 |
Its Good To Know Inc St Paul, MN | $221,609 | $861,119 |
Ecs Ministries Dubuque, IA | $2,151,544 | $552,910 |
The Globe Sioux City, IA | $930,209 | $433,371 |
Lamplighters International Minneapolis, MN | $216,636 | $356,826 |
Jewfolk Media Inc Minneapolis, MN | $302,847 | $318,529 |
Osterhus Publishing House Inc Robbinsdale, MN | $1,014,388 | $81,787 |
Witness Publishing Co Dubuque, IA | $0 | $21,836 |
Without Reservation Bemidji, MN | $112,468 | $0 |
Intertribal Christian Communications Pembina, ND | $7,668 | $0 |