Overview
What is Embrace Truth Inc?
Embrace Truth Inc is a nonprofit organization situated in Arlington, Texas, with the primary objective of managing property and generating income. The income collected is then channeled towards Living Hope Ministries Inc, a 501(C)(3) nonprofit corporation. The role of Embrace Truth Inc is to ensure the proper title and management of the property, ultimately benefiting Living Hope Ministries Inc and contributing to its charitable activities.
Is Embrace Truth Inc legitimate?
Embrace Truth Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Embrace Truth 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Embrace Truth Inc?
Embrace Truth Inc is established with a specific purpose. It operates primarily to hold title to property and collect income derived from it, all for the benefit of Living Hope Ministries Inc., a recognized 501(c)(3) nonprofit organization. This arrangement allows Living Hope Ministries Inc. to utilize the income generated for its charitable activities. Embrace Truth Inc. serves as a financial intermediary, supporting the mission of Living Hope Ministries Inc. in its efforts to carry out its nonprofit work.
Who is the CEO of Embrace Truth Inc?
Ricky Chelette is the Chairman of Embrace Truth Inc.
What is the revenue of Embrace Truth Inc?
Embrace Truth Inc's revenue in 2022 was $397,890.
Who are the executives of Embrace Truth Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Embrace Truth Inc?
Embrace Truth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Embrace Truth Inc
Embrace Truth Inc is a nonprofit organization with a unique mission. Its primary purpose is to serve as a property holder and income collector, all in support of Living Hope Ministries Inc., a recognized 501(C)(3) nonprofit corporation. In essence, Embrace Truth Inc acts as a benefactor, contributing to the financial well-being of Living Hope Ministries Inc., thereby enabling it to carry out its charitable work. This relationship between the two entities allows for the seamless operation of Living Hope Ministries Inc's mission, ensuring that its resources are utilized effectively and efficiently for the betterment of its intended beneficiaries.
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Impact
October, 2024
Embrace Truth Inc significantly impacts its community by providing essential support to Living Hope Ministries Inc. By managing property and collecting income, it ensures that resources are available for various initiatives aimed at uplifting the community. This financial stewardship facilitates programs and services that promote well-being, support, and improvement within Arlington, TX, thereby enhancing the lives of individuals and families in need. Through its dedicated mission, Embrace Truth Inc fosters a stronger, more resilient community by empowering those who seek aid and guidance.
This information is meant to be a general summary of Embrace Truth 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,666
- Gross Receipts: $408,878
Assets and Liabilities:
- Total Assets: $1,397,240
- Total Liabilities: $0
- Net Assets: $1,397,240
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Organization Details
Founding Year
2019
Phone
(817) 459-2507Principal Officer
Ricky Chelette
Main Address
301 SOUTH CENTER STE 200, ARLINGTON, TX, 76010
NTEE Category
Code: S47 - Community improvement
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