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Tct Ministries Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371404354 ✦ Marion, IL ✦ Designated as a 501(c)(3)

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Overview

What is Tct Ministries Inc?

Tct Ministries Inc, based in Marion, Illinois, serves as a prominent religious broadcasting network. Their mission revolves around disseminating the gospel message, which has significantly impacted the lives of numerous individuals worldwide. Through their broadcasts, people have experienced salvation, healing, and spiritual guidance. The organization's activities are primarily focused on religious broadcasting, aiming to inspire and uplift its audience.

What are the reviews and ratings of this charity?

**Charity Navigator Rating: One-Star out of Four Stars (56%)**

Tct Ministries Inc has received a poor rating from Charity Navigator, primarily due to significant deficiencies in its accountability and financial practices. With an entirely independent board consisting of only 28% independent members and missing critical financial documents on its website, the organization struggles to meet basic nonprofit transparency standards. Although it reports a solid program expense ratio, other aspects, such as the lack of a whistleblower policy and website omissions, raise concerns regarding governance.

Despite the concerning rating, Tct Ministries does demonstrate a commitment to its programs, as indicated by a program expense ratio of 72.37%. This suggests that a majority of its expenses go directly to its programs rather than administration. However, the salaries of key personnel appear to be quite high, which may lead to scrutiny regarding resource allocation, especially for a nonprofit with a low accountability score.

User reviews from GreatNonprofits are not available, leaving us without insights from community feedback to further evaluate the organization's effectiveness or impact. Overall, the rating highlights significant areas for improvement in transparency and governance that potential donors and stakeholders should consider.


This AI summary has been generated from information found on Charity Navigator.

Is Tct Ministries Inc legitimate?

Tct Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tct Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $961,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Tct Ministries Inc?

Tct Ministries Inc, a religious broadcasting organization, is dedicated to spreading the gospel message. Their mission is to impact the lives of countless individuals, leading to salvations, healings, and spiritual growth. Through their broadcasts, they aim to minister to people, offering them spiritual support and guidance.

Who is the CEO of Tct Ministries Inc?

Shane Chaney is the President of Tct Ministries Inc.

What is the revenue of Tct Ministries Inc?

Tct Ministries Inc's revenue in 2022 was $10,746,150.

Who are the executives of Tct Ministries Inc and what are their salaries?

The average compensation at Tct Ministries Inc during 2022 was $24,029. There are 40 employees and 40 volunteers at Tct Ministries Inc.


Here are 10 key members and their salaries:


Garth W Coonce (President)
  • Compensation: $303,190
  • Related: $0
  • Other: $11,297
Christina M Coonce (Vice President)
  • Compensation: $0
  • Related: $267,415
  • Other: $0
Julie A Nolan (Assistant Sec)
  • Compensation: $175,176
  • Related: $0
  • Other: $16,592
Thomas C Nolan Iv (Director)
  • Compensation: $0
  • Related: $137,173
  • Other: $35,732
Victoria M Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles R Payne (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Daly (Secretary)
  • Compensation: $168,751
  • Related: $0
  • Other: $13,144
Shane A Chaney (Cfo)
  • Compensation: $175,847
  • Related: $0
  • Other: $63
Greg Ellsworth (Employee)
  • Compensation: $138,206
  • Related: $0
  • Other: $63
Where can I find the form 990 for Tct Ministries Inc?

Tct Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Tct Ministries Inc

Tct Ministries Inc, a religious broadcasting network, is dedicated to spreading the gospel message. Situated in various locations, this organization has reached out to millions of individuals, bringing salvation, healing, and spiritual support into their lives. By airing this message, Tct Ministries Inc plays a significant role in ministering to people, making a profound impact on their spiritual journeys.

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Impact




July, 2024

TCT Ministries Inc has had a significant impact on millions of people through its religious broadcasting network. By broadcasting the gospel message, TCT Ministries has touched lives by bringing salvation, healing, and ministry to those who tune in. This impactful outreach has helped individuals around the world find spiritual guidance and support in their faith journey.




This information is meant to be a general summary of Tct Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$10,746,150 (2022)
Expenses
$11,862,461 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $280,066
  • Program Service Revenue: $3,702,177
  • Gross Receipts: $10,746,150

Assets and Liabilities:

  • Total Assets: $10,925,688
  • Total Liabilities: $2,900,897
  • Net Assets: $8,024,791

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEE INCOME

Revenue

$2,629,399

BROADCASTING INCOME

Revenue

$1,072,778

Organization Details

Founding Year

2000

Principal Officer

Shane Chaney

Main Address

PO BOX 1010, MARION, IL, 62959

NTEE Category

Code: X82 - Religion related

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