Is it real?
Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990; $104K paid to officers and key staff.
Robert Strickland’s $77K as Administrator is at the 9th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Robert Strickland | $76,724 | $72,282 | $66,991 | $64,700 |
| Carrie Strickland | $54,359 | $43,503 | $37,241 | $30,411 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides affordable housing and education to low-income families and at-risk children.
Questions for Truth Spring Incorporated
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Provided workforce development for chronically unemployed and underemployed indiviudals through the trade school program. Truth spring is working to help provide job readiness training and job placement in partnership with local employers. This initiative concentrates on reducing some of the most common barriers to sustained employment.
Provided education for at-risk children in the community. Truth spring academy is a private, christian school for low income families. Our mission is to rebuild a foundation of christ-centered living by offering a quality, christian education that focuses on challenging academics, character development, and servant leadership.
Provided affordable housing for low income families in the community the organization serves. Our housing initiative is a faith-based, community oriented approach that focuses on purchasing and renovating homes within the community, and placing low-income families into quality HOUSING.THREE homes have been purchased and renovated and now…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.0M | $3.5M |
| InvestmentsLn 11–13 | $539K | $537K |
| Land, buildings, equipmentLn 10c | $107K | $258K |
| Total assetsLn 16 | $1.7M | $4.3M |
| LiabilitiesLn 26 | $63K | $4K |
| Net assetsLn 32 | $1.6M | $4.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $104K | $35K | $69K | |
| Other salaries and wagesLn 7 | $681K | $681K | ||
| Payroll taxesLn 10 | $60K | $54K | $6K | |
| Legal feesLn 11b | $7K | $7K | ||
| Accounting feesLn 11c | $18K | $18K | ||
| Other fees for servicesLn 11g | $12K | $12K | ||
| Advertising and promotionLn 12 | $30K | $15K | $15K | |
| Office expensesLn 13 | $35K | $20K | $16K | |
| Information technologyLn 14 | $1K | $1K | ||
| OccupancyLn 16 | $44K | $44K | ||
| Conferences, conventions and meetingsLn 19 | $5K | $5K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $44K | $44K | ||
| Other expenses (24a–d)Ln 24 | $87K | $87K | ||
| Total functional expensesLn 25 | $1.1M | $988K | $142K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $3.3M | $3.2M | $119K | $3.8M | 990 PDF |
| FY2023 | $3.8M | $3.0M | $751K | $3.7M | 990 PDF |
| FY2022 | $2.7M | $4.0M | −$1.3M | $3.0M | 990 PDF |
| FY2021 Viewing | $3.8M | $1.1M | $2.7M | $4.3M | 990 PDF |
| FY2020 | $1.2M | $510K | $662K | $1.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $3,832,299 revenue, 12 lines filed
Part VI · Governance 6 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $3,832,299 across 10 lines filed
Part IX · Statement of functional expenses $1,130,635 across 14 lines filed
Part X · Balance sheet $4,300,232 assets, 12 lines filed
Part XI · Reconciliation of net assets $4,296,557 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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