Truth78 FY2021 filing

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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.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$181K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $28K a year · 2% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
48%
of spending
48% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$181K
to officers and key staff · 14% of spending
Pay to officers and key staff is 14% of spending.
Part VII, Section A
1.6 mo
of spending, in cash
1.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$152K
44% of total assets
Liabilities are 44% of assets.
Pt X · Ln 26
Independent board members
5
of 7 voting members
5 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.2M
+11% vs prior year
Spent
$1.3M
To programs
48%
Net assets
$192K
By yearFY2020–FY2025
Revenue
$1.2M
FY2021▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.5M
FY2023$1.2M
FY2024$1.1M
FY2025$1.5M
Expenses
$1.3M
FY2021▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.5M
FY2023$1.3M
FY2024$1.3M
FY2025$1.4M
Net assets
$192K
FY2021▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$235K
FY2021$192K
FY2022$237K
FY2023$157K
FY2024$11K
FY2025$55K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2015.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $610K Management & general 42% · $534K Fundraising 9% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $181K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director / President
$93,005Pt VII · Sec A
Director of Operations / Secretary
$87,701Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Brian Eaton’s $101K as Director of Operations / Secretary is at the 51st percentile of top reported officer pay among 1636 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Michael$63,518$96,283$96,283$106,783$93,005$34,333
Brian Eaton$101,030$90,373$90,373$92,317$87,701$94,747
Terry Kurschner—————$23,660

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.

See Truth78 executive salaries →

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

Inspires youth to know, honor, and treasure God, living as faithful disciples.

Questions for Truth78

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1 program · $610K · in their own filed words · FY2020
01

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…

$610Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$22K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$831K
Other incomeLn 4–11$390K
Money outPt IX
$1.3M
Ln 25
Programscol B$610K
Managementcol C$534K
Fundraisingcol D$120K
Owns and owesPt X
$192K
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$344K
LiabilitiesLn 26$152K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$831K
Government grantsLn 1e$157K
Other incomeLn 4–11$390K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$174K
Cash and savings togetherLn 1–2$174K
Accounts receivableLn 4$15K
Inventories for sale or useLn 8$63K
Prepaid expenses and deferred chargesLn 9$10K
Land, buildings, equipmentLn 10c$83K
Total assetsLn 16$344K
LiabilitiesLn 26$152K
Net assetsLn 32$192K
OperationsPt I, VI
EmployeesI 511
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$190K$174K
Land, buildings, equipmentLn 10c$101K$83K
Total assetsLn 16$325K$344K
LiabilitiesLn 26$90K$152K
Net assetsLn 32$235K$192K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$238K$95K$119K$24K
Other salaries and wagesLn 7$480K$192K$240K$48K
Pension plan contributionsLn 8$12K$5K$6K$1K
Other employee benefitsLn 9$100K$40K$50K$10K
Payroll taxesLn 10$41K$16K$21K$4K
Legal feesLn 11b$25$25
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$59K$29K$18K$12K
Advertising and promotionLn 12$91K$66K$6K$18K
Office expensesLn 13$10K$6K$4K$211
Information technologyLn 14$56K$47K$7K$2K
OccupancyLn 16$2K$1K$512$48
TravelLn 17$600$600
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$7K$3K$4K
Other expenses (24a–d)Ln 24$124K$108K$16K$303
All other expensesLn 24e$2K$1K$694
Total functional expensesLn 25$1.3M$610K$534K$120K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 20, 2026 $1.5M$1.4M$44K$55K 990 PDF
FY2024Filed with the IRS Apr 4, 2025 $1.1M$1.3M−$146K$11K 990 PDF
FY2023Filed with the IRS Apr 8, 2024 $1.2M$1.3M−$80K$157K 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.5M$1.5M$45K$237K 990 PDF
FY2021 ViewingFiled with the IRS May 13, 2022 $1.2M$1.3M−$43K$192K 990 PDF
FY2020Filed with the IRS May 17, 2021 $1.1M$1.1M$14K$235K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,221,042 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $613,214$830,584
I-9 Program service revenuePrior year $15,866$0
I-10 Investment incomePrior year $20$0
I-11 Other revenuePrior year $475,311$390,458
I-12 Total revenuePrior year $1,104,411$1,221,042
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $716,755$870,324
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $373,705$393,652
I-18 Total expensesPrior year $1,090,460$1,263,976
I-19 Revenue less expensesPrior year $13,951−$42,934
Part VI · Governance 5 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,221,042 across 5 lines filed
Lines not itemized here account for $385,159 of total revenue; see the IRS return.
VIII-1e Government grants$157,078
VIII-1f All other contributions, gifts and grants$673,506
VIII-1h Total contributions, gifts and grants$830,584
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,299$5,299
VIII-12 Total revenueRelated to mission $385,159 · Unrelated business $0 · Excluded from tax $5,299$1,221,042
Part IX · Statement of functional expenses $1,263,976 across 17 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $95,042 · Management $118,804 · Fundraising $23,761$237,607
IX-7 Other salaries and wagesPrograms $191,870 · Management $239,838 · Fundraising $47,967$479,675
IX-8 Pension plan contributionsPrograms $4,833 · Management $6,040 · Fundraising $1,208$12,081
IX-9 Other employee benefitsPrograms $39,929 · Management $49,912 · Fundraising $9,982$99,823
IX-10 Payroll taxesPrograms $16,455 · Management $20,569 · Fundraising $4,114$41,138
IX-11b Legal feesManagement $25$25
IX-11c Accounting feesManagement $13,335$13,335
IX-11g Other fees for servicesPrograms $29,408 · Management $17,705 · Fundraising $12,000$59,113
IX-12 Advertising and promotionPrograms $66,216 · Management $6,151 · Fundraising $18,318$90,685
IX-13 Office expensesPrograms $6,257 · Management $3,673 · Fundraising $211$10,141
IX-14 Information technologyPrograms $46,898 · Management $6,648 · Fundraising $2,155$55,701
IX-16 OccupancyPrograms $1,040 · Management $512 · Fundraising $48$1,600
IX-17 TravelManagement $600$600
IX-22 Depreciation, depletion and amortizationManagement $29,162$29,162
IX-23 InsurancePrograms $2,969 · Management $4,453$7,422
IX-24 Other expenses (24a–d)Programs $107,842 · Management $15,693 · Fundraising $303$123,838
IX-24e All other expensesPrograms $1,336 · Management $694$2,030
IX-25 Total functional expensesPrograms $610,095 · Management $533,814 · Fundraising $120,067$1,263,976
Part X · Balance sheet $344,361 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $189,947$173,557
X-4 Accounts receivableStart of year $672$15,000
X-8 Inventories for sale or useStart of year $33,174$62,640
X-9 Prepaid expenses and deferred charges$9,811
X-10c Land, buildings and equipment, netStart of year $101,235$83,353
X-16 Total assetsStart of year $325,028$344,361
X-17 Accounts payable and accrued expensesStart of year $89,714$105,902
X-25 Other liabilitiesStart of year $0$46,079
X-26 Total liabilitiesStart of year $89,714$151,981
X-27 Net assets without donor restrictionsStart of year $235,314$120,815
X-28 Net assets with donor restrictions$71,565
X-32 Total net assets or fund balancesStart of year $235,314$192,380
X-33 Total liabilities and net assetsStart of year $325,028$344,361
Part XI · Reconciliation of net assets $192,380 net assets at year end
XI-1 Total revenue$1,221,042
XI-2 Total expenses$1,263,976
XI-3 Revenue less expenses−$42,934
XI-4 Net assets at start of year$235,314
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$192,380

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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