Precious Present Truth INC FY2023 filing

Tax-deductible

Laurel, MD501(c)(3)ReligionEIN 46-3226352Revenue $345K in FY2023

On file with the IRSpreciouspresenttruth.org7729 Twin Oaks Way, 20723-1182 · Laurel, MDTax-exempt since Dec 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Their mission is to share biblical truths and healing with africans in their native language. This is done by providing information generally in media and written formats. Books, dvd's, internet streaming will be available in many languages, including specific languages and dialects that are spoken throughout the continent.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $18K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$345K
-20% vs prior year
Spent
$344K
To programs
98%
Net assets
$43K
By yearFY2020–FY2024
Revenue
$345K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$460K
FY2021$316K
FY2022$430K
FY2023$345K
FY2024$350K
Expenses
$344K
FY2023▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$394K
FY2021$449K
FY2022$446K
FY2023$344K
FY2024$360K
Net assets
$43K
FY2023▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$191K
FY2021$59K
FY2022$42K
FY2023$43K
FY2024$33K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $336K Management & general 2% · $8K

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

2 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
$69,615Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Alexandre Ngamije’s $78K as President is at the 77th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Alexandre Ngamije$78,077$69,615$62,308

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Shares biblical truths and healing in native African languages through media and written materials.

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Provided by the organization

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1 program · $336K · in their own filed words · FY2023
01

Their mission is to share biblical truths and healing with africans in their native language. This is done by providing information generally in media and written formats. Books, DVD'S, internet streaming will be available in many languages, including specific languages and dialects that are spoken throughout the continent.

$336Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$345K
Ln 12
Gifts and grantsLn 1h$345K
Money outPt IX
$344K
Ln 25
Programscol B$336K
Managementcol C$8K
Owns and owesPt X
$43K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$43K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Total revenueLn 12$345K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$22K
Total assetsLn 16$43K
LiabilitiesLn 26$0
Net assetsLn 32$43K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$20K$21K
Land, buildings, equipmentLn 10c$22K$22K
Total assetsLn 16$42K$43K
LiabilitiesLn 26$0$0
Net assetsLn 32$42K$43K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$115K$115K
Pay of current officers, directors and key staffLn 5$70K$70K
Other salaries and wagesLn 7$63K$63K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$27K$27K
Office expensesLn 13$5K$5K
Information technologyLn 14$6K$6K
OccupancyLn 16$24K$24K
TravelLn 17$17K$17K
Other expenses (24a–d)Ln 24$10K$2K$8K
Total functional expensesLn 25$344K$336K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $350K$360K−$10K$33K 990 PDF
FY2023 Viewing $345K$344K$555$43K 990 PDF
FY2022 $430K$446K−$16K$42K 990 PDF
FY2021 $316K$449K−$133K$59K 990 PDF
FY2020 $460K$394K$66K$191K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $345,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $430,000$345,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $430,000$345,000
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $185,978$114,724
I-15 Salaries and benefitsPrior year $165,651$168,025
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $94,404$61,696
I-18 Total expensesPrior year $446,033$344,445
I-19 Revenue less expensesPrior year −$16,033$555
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $345,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$345,000
VIII-1h Total contributions, gifts and grants$345,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$345,000
Part IX · Statement of functional expenses $344,445 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $114,724$114,724
IX-5 Pay of current officers, directors and key staffPrograms $69,615$69,615
IX-7 Other salaries and wagesPrograms $62,795$62,795
IX-8 Pension plan contributionsPrograms $6,005$6,005
IX-9 Other employee benefitsPrograms $2,260$2,260
IX-10 Payroll taxesPrograms $27,350$27,350
IX-13 Office expensesPrograms $5,273$5,273
IX-14 Information technologyPrograms $5,880$5,880
IX-16 OccupancyPrograms $23,637$23,637
IX-17 TravelPrograms $16,515$16,515
IX-24 Other expenses (24a–d)Programs $2,138 · Management $8,253$10,391
IX-25 Total functional expensesPrograms $336,192 · Management $8,253 · Fundraising $0$344,445
Part X · Balance sheet $43,027 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $19,982$20,537
X-10c Land, buildings and equipment, netStart of year $22,490$22,490
X-16 Total assetsStart of year $42,472$43,027
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $42,472$43,027
X-33 Total liabilities and net assetsStart of year $42,472$43,027
Part XI · Reconciliation of net assets $43,027 net assets at year end
XI-1 Total revenue$345,000
XI-2 Total expenses$344,445
XI-3 Revenue less expenses$555
XI-4 Net assets at start of year$42,472
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,027

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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