Trinity Broadcasting Of Texas Inc
- Assets
- $905.3m
- Revenue
- $933.3m
- Investments
- $0.0
- Employees
- 443
- Location
- Fort Worth, TX
- Founding
- 06/1987
- Data as of
- 12/2019
- 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 12/2019, Trinity Broadcasting Of Texas Inc employed 443 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Trinity Broadcasting Of Texas Inc generated $933.3m in total revenue. All expenses for the organization totaled $130.3m during the year ending 12/2019. While expenses have increased by 98.9% 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.
Since 2019, Trinity Broadcasting Of Texas Inc has awarded 13 individual grants totaling $49,543,326. 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
2019
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.
TO PROVIDE SUPPORT TO 501(C)(3) AFFILIATES THAT SPREAD THE GOSPEL TO THE WORLD
TO PROVIDE SUPPORT TO VARIOUS MINISTRIES IN THE UNITED STATES THAT SPREAD THE GOSPEL TO THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colby May Director | Trustee | 40 | $747,271 |
John B Casoria Assistant Secretary | Officer | 40 | $451,516 |
Russell E Hall Vice Pres Production | 25 | $153,478 | |
James A Mittan Treasurer/cfo | Officer | 28 | $135,401 |
Larry L Haley Vice Pres Eng & Operations | 25 | $128,955 | |
Norman Mintle Dir-Global Prog Strategy | 15 | $87,262 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inprov Marketing | 12/30/19 | $5,542,456 |
Ics Marketing | 12/30/19 | $4,889,853 |
Synergy Marketing Solutions Call Center Services | 12/30/19 | $1,316,138 |
Law Offices Of Colby May Legal | 12/30/19 | $747,271 |
Rare Bird Production | 12/30/19 | $1,040,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $860,132,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,478,634 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,610,884 |
| Total Program Service Revenue | $28,601,333 |
| Investment income | $17,382,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $79,203 |
| Net Rental Income | $639,074 |
| Net Gain/Loss on Asset Sales | -$5,794,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $933,330,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,964,204 |
| 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. | $1,425,789 |
| Compensation of current officers, directors, key employees. | $594,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,948,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,674,868 |
| Payroll taxes | $818,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $461,631 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $250,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,577,798 |
| Advertising and promotion | $19,778 |
| Office expenses | $5,224,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,715,139 |
| Travel | $2,093,895 |
| 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 | $8,653,433 |
| Insurance | $640,897 |
| All other expenses | $3,035,052 |
| Total functional expenses | $130,290,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,817,249 |
| Savings and temporary cash investments | $4,039,878 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $330,407 |
| 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 | $9,395,297 |
| Net Land, buildings, and equipment | $113,180,359 |
| Investments—publicly traded securities | $490,056,950 |
| Investments—other securities | $0 |
| Investments—program-related | $11,236,597 |
| Intangible assets | $0 |
| Other assets | $269,252,807 |
| Total assets | $905,309,544 |
| Accounts payable and accrued expenses | $142,423 |
| Grants payable | $0 |
| Deferred revenue | $4,609,667 |
| 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 | $21,882,661 |
| Total liabilities | $26,634,751 |
| Net assets without donor restrictions | $878,623,290 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $905,309,544 |
Grants Awarded
Over the last fiscal year, Trinity Broadcasting Of Texas Inc has awarded $49,543,326 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Worth, TX PURPOSE: GENERAL SUPPORT | $40,423,098 |
Fort Worth, TX PURPOSE: GENERAL SUPPORT | $2,509,088 |
NFL MEDIA GROUP PURPOSE: OPERATIONAL SUPPORT | $1,909,095 |
Orlando, FL PURPOSE: GENERAL SUPPORT | $1,825,889 |
Ft Worth, TX PURPOSE: GENERAL SUPPORT | $1,714,047 |
Fort Worth, TX PURPOSE: GENERAL SUPPORT | $726,109 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trinity Broadcasting Of Texas Inc has recieved totaling $834,868,954.
| Awarding Organization | Amount |
|---|---|
Trinity Christian Center Of Santa Ana Inc Fort Worth, TX PURPOSE: MINISTRY CONTRIBUTION | $834,868,954 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Broadcasting Of Texas Inc Fort Worth, TX | $905,309,544 | $933,330,134 |
Trinity Broadcasting Of New York Inc Fort Worth, TX | $74,226,690 | $8,941,854 |
Trinity Broadcasting Of Indiana Inc Fort Worth, TX | $216,026 | $2,589,044 |
Trinity Broadcasting Of Washington Fort Worth, TX | $1,489,017 | $3,677,251 |
Victory Television Network Inc Little Rock, AR | $11,932,707 | $2,480,493 |
Trinity Broadcasting Of Arizona Inc Fort Worth, TX | $1,863,554 | $2,435,155 |
Channel 38 Christian Television El Paso, TX | $1,429,568 | $1,752,510 |
Community Educational Television Fort Worth, TX | $4,200,195 | $1,479,924 |
Westview Boys Home Inc Hollis, OK | $2,961,162 | $1,772,545 |
Vision Communications International Fort Worth, TX | $245,307 | $1,011,917 |
San Antonio Community Educational Tv Inc Fort Worth, TX | $145,084 | $1,028,751 |
Ministerio Advenimiento Tv Inc Irving, TX | $50,897 | $483,136 |