Truthxchange INC FY2023 filing

Tax-deductible

Escondido, CA501(c)(3)Since 2003ReligionEIN 75-3099544

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The mission of the organization is to communicate the gospel of jesus christ for religious and educational purposes via open dialog, conferences, publications and audio/visual productions.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$120K 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
3 of 6
filings with a surplus
Average deficit $18K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
-30% vs prior year
Spent
$419K
To programs
91%
Net assets
$350K
By yearFY2020–FY2025
Revenue
$341K
FY2023▼ -30%
Revenue by fiscal year
FY2020$416K
FY2021$428K
FY2022$486K
FY2023$341K
FY2024$281K
FY2025$250K
Expenses
$419K
FY2023▲ +25%
Expenses by fiscal year
FY2020$313K
FY2021$396K
FY2022$335K
FY2023$419K
FY2024$593K
FY2025$257K
Net assets
$350K
FY2023▼ -18%
Net assets by fiscal year
FY2020$245K
FY2021$276K
FY2022$427K
FY2023$350K
FY2024$39K
FY2025$32K

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 Jun 2003.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $383K Management & general 3% · $12K Fundraising 6% · $24K

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

6 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$119,947Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Jeff Ventrella’s $67K as Former Ex Di is at the 68th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Ventrella$66,667$160,000————
Peter Jones—$121,544$119,947$107,025$123,004$110,266

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 Truthxchange INC executive salaries →

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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 15aYes

Programs and updates

Shares the Gospel of Jesus Christ through dialogue, conferences, and media.

Provided by the organization

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1 program · $383K · in their own filed words · FY2023
01

The mission of the organization is to communicate the gospel of jesus christ for religious and educational purposes via open dialog, conferences, publications and AUDIO/VISUAL productions.

$383Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$44K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$341K
Ln 12
Gifts and grantsLn 1h$341K
Money outPt IX
$419K
Ln 25
Programscol B$383K
Managementcol C$12K
Fundraisingcol D$24K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$334K
Total assetsLn 16$352K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$341K
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$137K
SavingsLn 2$197K
Cash and savings togetherLn 1–2$334K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$352K
LiabilitiesLn 26$2K
Net assetsLn 32$350K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
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$414K$334K
Land, buildings, equipmentLn 10c$322$1K
Total assetsLn 16$430K$352K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$427K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$120K
Other salaries and wagesLn 7$90K$90K
Other employee benefitsLn 9$36K$36K
Payroll taxesLn 10$8K$8K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$50K$50K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$38K$29K$9K
Information technologyLn 14$4K$4K
OccupancyLn 16$2K$2K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$18K$18K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$24K$24K
Total functional expensesLn 25$419K$383K$12K$24K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $250K$257K−$6K$32K 990 PDF
FY2024 $281K$593K−$311K$39K 990 PDF
FY2023 Viewing $341K$419K−$78K$350K 990 PDF
FY2022 $486K$335K$152K$427K 990 PDF
FY2021 $428K$396K$31K$276K 990 PDF
FY2020 $416K$313K$103K$245K 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 (4 parts)
Part VIII · Statement of revenue $340,510 across 3 lines filed
VIII-1f All other contributions, gifts and grants$340,510
VIII-1h Total contributions, gifts and grants$340,510
VIII-12 Total revenue$340,510
Part IX · Statement of functional expenses $418,572 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $119,947$119,947
IX-7 Other salaries and wagesPrograms $90,423$90,423
IX-9 Other employee benefitsPrograms $35,773$35,773
IX-10 Payroll taxesPrograms $7,946$7,946
IX-11b Legal feesPrograms $2,030$2,030
IX-11c Accounting feesManagement $2,409$2,409
IX-11g Other fees for servicesPrograms $50,234$50,234
IX-12 Advertising and promotionPrograms $8,079$8,079
IX-13 Office expensesPrograms $28,595 · Management $9,433$38,028
IX-14 Information technologyPrograms $3,818$3,818
IX-16 OccupancyPrograms $1,545$1,545
IX-17 TravelPrograms $11,136$11,136
IX-19 Conferences, conventions and meetingsPrograms $17,738$17,738
IX-22 Depreciation, depletion and amortizationPrograms $1,400$1,400
IX-23 InsurancePrograms $3,908$3,908
IX-24 Other expenses (24a–d)Fundraising $24,158$24,158
IX-25 Total functional expensesPrograms $382,572 · Management $11,842 · Fundraising $24,158$418,572
Part X · Balance sheet $352,456 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $113,865$137,227
X-2 Savings and temporary cash investmentsStart of year $300,101$196,730
X-9 Prepaid expenses and deferred chargesStart of year $16,184$17,177
X-10c Land, buildings and equipment, netStart of year $322$1,322
X-16 Total assetsStart of year $430,472$352,456
X-25 Other liabilitiesStart of year $3,188$2,117
X-26 Total liabilitiesStart of year $3,188$2,117
X-27 Net assets without donor restrictionsStart of year $427,284$350,339
X-32 Total net assets or fund balancesStart of year $427,284$350,339
X-33 Total liabilities and net assetsStart of year $430,472$352,456
Part XI · Reconciliation of net assets $350,339 net assets at year end
XI-1 Total revenue$340,510
XI-2 Total expenses$418,572
XI-3 Revenue less expenses−$78,062
XI-4 Net assets at start of year$427,284
XI-9 Other changes in net assets$1,117
XI-10 Net assets at end of year$350,339

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

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