Truth Spring Incorporated EIN 27-0263712 Form 990 (PDF) Claim this org

Truth Spring Incorporated FY2022 filing

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Provides affordable housing and education to low-income families and at-risk children. For fiscal year 2022 it reported $2.7M in revenue, $4.0M in expenses, and $3.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Columbus, GA
Website
truthspring.org
Filings
5 on file (2020–2022)
Revenue
$2.7MFY2022
Expenses
$4.0M
Net assets
$3.0M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-0263712 Public charity (501(c)(3)) Columbus, GA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/28/26 · see original: IRS
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Size
$1–10M
What they do
Provides affordable housing and education to low-income families and at-risk children.
Leadership
Robert Strickland · Administrator · $72K
Money in and out
$2.7M revenue, $4.0M expenses
Where the money goes · FY2022
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.3M
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$2.7M
FY2022▼ -29%
Expenses
$4.0M
FY2022▲ +258%
Total assets
$3.0M
FY2022▼ -30%
Total liabilities
$22K
FY2022▲ +489%
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.3M
Total assetsPt X · Ln 16$3.0M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTruth Spring Incorporated
EINHdr · item D27-0263712
Principal addressHdr · item CColumbus, GA
WebsiteHdr · item Jtruthspring.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Administrator
$72,282Pt VII · Sec A
$43,503Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Robert Strickland’s $77K as Administrator is at the 9th percentile of top reported officer pay among 2834 $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

NameFY2023FY2022FY2021FY2020
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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Mission & Programs · Part III

Where the work happens

3 program services account for $3.9M of program spending, described in the organization's own filed words · FY2022.
01

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.

$3.3Mprogram expense
02

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 columbus technical college and local employers.

$465Kprogram expense
03

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…

$112Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$2.7M · 99%
Program service revenue$22K · 1%
Contributions & grants99%$2.7M
Program service revenue1%$22K
Investment income$2K
Other revenue$7K
Total revenueLn 12$2.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$3.9M
Management & general4%$155K
Total functional expensesLn 25$4.0M

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$3.0M
Total liabilitiesLn 26$22K
Total net assetsLn 32$3.0M
Months of cash on handcomputed4.4

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 2 grants · $4.4M · 2022–2023
Highland Community ChurchFY2023$1,655,833
Highland Community ChurchFY2022$2,723,577

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$3.3M revenue · ⤓ 990 PDF
FY2023$3.8M revenue · ⤓ 990 PDF
FY2022$2.7M revenue · viewing · ⤓ 990 PDF
FY2021$3.8M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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