Truth78

Nonprofit profile at a glance

EIN
473782829
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-N 2014
Location
St Paul, MN, USA
Phone
8774001414
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Religious Printing, Publishing
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,461,269
Expenses
$1,417,712
Assets
$329,272
Liabilities
$274,553

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • DAVID MICHAEL (EXECUTIVE DIRECTOR / PRESI)

Highest reported compensation

  • BRIAN EATON (DIRECTOR OF OPERATIONS / SECRETARY): $115,336 total reported compensation
  • DAVID MICHAEL (EXECUTIVE DIRECTOR / PRESI): $70,633 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Truth78's mission is to inspire and equip the church and the home for the comprehensive discipleship of the next generation.

What it reported doing in 2024

Truth78 published 1 new and revised 3 english curricula for a total of 70 english curricula resources (30 curricula, 33 student, and 7 parent) and 23 spanish curricula resources (13 curricula and 10 student). Non-curriculum english resources: truth78 published 2 new english, 1 new spanish, and revised 6 english resources for a total of 116 non-curriculum english resources and 5 spanish resources. Truth78 translated 8 english resources in 6 languages for a total of 78 translated resources. All translated resources other than english and spanish are available at www.truth78.org for free worldwide download and use. Many individuals from 59 countries downloaded free translated resources.blogs: truth78 wrote 44 blogs this year to inspire and equip the church for the comprehensive discipleship of the next generation. The 44 blogs, along with the existing 1204 blogs received 11,935 page views. Inspirational and equipping blogs are available at www.truth78.org for free worldwide distribution.this year, truth78 published 52 devotional, biblical blogs to encourage the faith of parents, teachers and children. Our collection of 780 devotional blogs received 517,800 page views. All devotional blogs are available at www.fighterverses.com for free worldwide distributiontruth78 hosted 8 free webinars that included 730 live attendees and 2,072 video views.resource grants: truth78 provided resource grants, either free or heavily discounted, of english and spanish resources serving 9,272 children in 19 different countries.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.5%; rating input score 63
  • Program expense ratio: 55.7%; rating input score 56
  • Fundraising efficiency: $6.86 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 15th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.83; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 13.1%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 7% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 62.5% of revenue deployed · 55.7% of spending went to programs
  • Governance: 5 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $790K in reported program spending
  • Leadership: top reported pay $115K · 7 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Financial Efficiency: Fundraising efficiency scored 26/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.