Treasuring Christ Together Network FY2023 filing

Tax-deductible

Raleigh, NC501(c)(3)ReligionEIN 47-4075988Revenue $238K in FY2023

On file with the IRStctnetwork.org3700 Lake Wheeler Rd, 27603-3334 · Raleigh, NCTax-exempt since Apr 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Nurturing healthy pastors and healthy churches to plant healthy churches

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$111K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $32K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$111K
to officers and key staff · 51% of spending
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$238K
+39% vs prior year
Spent
$218K
To programs
82%
Net assets
$150K
By yearFY2020–FY2025
Revenue
$238K
FY2023▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$92K
FY2022$171K
FY2023$238K
FY2024$251K
FY2025$336K
Expenses
$218K
FY2023▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$85K
FY2022$138K
FY2023$218K
FY2024$190K
FY2025$296K
Net assets
$150K
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$88K
FY2021$95K
FY2022$129K
FY2023$150K
FY2024$234K
FY2025$286K

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2016.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $179K Management & general 9% · $21K Fundraising 9% · $19K

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

7 people listed on the 990; $111K paid to officers and key staff.

Part VII, Section A · reportable compensation
$99,000Pt VII · Sec A
Executive Director
$12,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

John Erickson’s $103K as Director is at the 90th 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Erickson$103,000$99,000$99,000$49,500——
Christopher Sean Cordell$12,000$12,000————
Christopher S Cordell——$12,000$6,000$6,000$6,000
Jordan Thomas$300——$3,000$3,000—
Timothy Cain———$1,077——
Justin Perry$1,000—————
Nathan Knight$500—————

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

Nurtures pastors and churches to plant more healthy churches.

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Provided by the organization

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3 programs · $172K · in their own filed words · FY2023
01

Provide ongoing pastoral care and to connect churches in the network in more intentional and meaningful ways.

$104Kprogram expense
02

Retreat provided for pastors of member churches throughout the year. Pastors & wives attended and received encouragement, teaching and rest over a two day period.

$57Kprogram expense
03

Church planting domestically and overseas supported

$11Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 7 grants · $19K · 2021–2022
Individual RecipientFY2022$4,075
Reaching & Teaching IntNJ · FY2022$1,500
Barnabas CenterNC · FY2022$95
Covenant Life ChurchFY2021$4,000
Individual RecipientFY2021$1,250

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$233K
Investment incomeLn 3$3K
Fees for servicesLn 2g$2K
Money outPt IX
$218K
Ln 25
Programscol B$179K
Managementcol C$21K
Fundraisingcol D$19K
Owns and owesPt X
$150K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$154K
LiabilitiesLn 26$4K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Fees for servicesLn 2g$2K
Investment incomeLn 3$3K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Total assetsLn 16$154K
LiabilitiesLn 26$4K
Net assetsLn 32$150K
OperationsPt I, VI
EmployeesI 54
VolunteersI 665
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$130K$154K
Total assetsLn 16$130K$154K
LiabilitiesLn 26$294$4K
Net assetsLn 32$130K$150K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9K$9K
Pay of current officers, directors and key staffLn 5$115K$94K$11K$10K
Other salaries and wagesLn 7$17K$15K$2K
Payroll taxesLn 10$2K$2K$142
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$100$100
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$79$79
OccupancyLn 16$38K$38K
TravelLn 17$16K$16K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$466$466
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$218K$179K$21K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $336K$296K$40K$286K 990 PDF
FY2024 $251K$190K$61K$234K 990 PDF
FY2023 Viewing $238K$218K$20K$150K 990 PDF
FY2022 $171K$138K$33K$129K 990 PDF
FY2021 $92K$85K$7K$95K 990 PDF
FY2020 $93K$88K 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 $238,059 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $168,167$233,364
I-9 Program service revenuePrior year $3,232$1,500
I-10 Investment income$3,195
I-11 Other revenue$0
I-12 Total revenuePrior year $171,399$238,059
I-13 Grants and similar amounts paidPrior year $15,670$9,038
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $76,539$134,164
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $45,706$75,173
I-18 Total expensesPrior year $137,915$218,375
I-19 Revenue less expensesPrior year $33,484$19,684
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $238,059 across 7 lines filed
VIII-1b Membership dues$110,195
VIII-1f All other contributions, gifts and grants$123,169
VIII-1h Total contributions, gifts and grants$233,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,500$1,500
VIII-3 Investment incomeExcluded from tax $3,195$3,195
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,500 · Excluded from tax $3,195$238,059
Part IX · Statement of functional expenses $218,375 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $9,038$9,038
IX-5 Pay of current officers, directors and key staffPrograms $94,000 · Management $11,100 · Fundraising $9,900$115,000
IX-7 Other salaries and wagesPrograms $14,623 · Management $2,316$16,939
IX-10 Payroll taxesPrograms $2,083 · Management $142$2,225
IX-11c Accounting feesManagement $3,671$3,671
IX-11g Other fees for servicesPrograms $100$100
IX-12 Advertising and promotionFundraising $8,945$8,945
IX-13 Office expensesManagement $79$79
IX-16 OccupancyPrograms $37,514$37,514
IX-17 TravelPrograms $16,161$16,161
IX-19 Conferences, conventions and meetingsPrograms $5,453$5,453
IX-23 InsuranceManagement $466$466
IX-24 Other expenses (24a–d)Management $2,784$2,784
IX-25 Total functional expensesPrograms $178,972 · Management $20,558 · Fundraising $18,845$218,375
Part X · Balance sheet $153,851 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $129,878$153,851
X-16 Total assetsStart of year $129,878$153,851
X-17 Accounts payable and accrued expensesStart of year $294$3,695
X-26 Total liabilitiesStart of year $294$3,695
X-27 Net assets without donor restrictionsStart of year $129,584$150,156
X-32 Total net assets or fund balancesStart of year $129,584$150,156
X-33 Total liabilities and net assetsStart of year $129,878$153,851
Part XI · Reconciliation of net assets $150,156 net assets at year end
XI-1 Total revenue$238,059
XI-2 Total expenses$218,375
XI-3 Revenue less expenses$19,684
XI-4 Net assets at start of year$129,584
XI-10 Net assets at end of year$150,156

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

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