Civic Intelligence

Shield Ministries

990 • Fiscal year 2023 • EIN 20-8885273

Jan 01, 2023 to Dec 31, 2023 • Filed on May 22, 2024

PO Box 61595North Charleston, SC 29419

(843) 810-2824

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.57x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

1.92x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

55th percentile

$73,063

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

41st percentile

1.7%

Faster revenue growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$1,985,174

Flat from 2023

Net Assets

Flat

$852,247

Flat from 2023

Liabilities

Flat

$1,132,927

Flat from 2023

Revenue

Flat

$591,364

Flat from 2023

Expenses

Flat

$810,999

Flat from 2023

Net Income

Flat

-$219,635

Flat from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2014: $1,061Liabilities 2014: $02014Assets 2015: $9,052Liabilities 2015: $2,0002015Assets 2017: $30,102Liabilities 2017: $1,033Net Assets 2017: $29,0692017Assets 2019: $54,391Liabilities 2019: $11,110Net Assets 2019: $43,2812019Assets 2020: $920,493Liabilities 2020: $20,930Net Assets 2020: $899,5632020Assets 2021: $146,165Liabilities 2021: $16,950Net Assets 2021: $129,2152021Assets 2022: $2,280,919Liabilities 2022: $1,209,037Net Assets 2022: $1,071,8822022Assets 2023: $1,985,174Liabilities 2023: $1,132,927Net Assets 2023: $852,2472023Assets 2023: $1,985,174Liabilities 2023: $1,132,927Net Assets 2023: $852,2472023Assets 2024: $863,902Liabilities 2024: $118,627Net Assets 2024: $745,2752024

Highlighted filing

2023

Assets$1,985,174
Liabilities$1,132,927
Net Assets$852,247

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2014: $73,990Expenses 2014: $73,778Net Income 2014: $2122014Revenue 2015: $113,373Expenses 2015: $110,509Net Income 2015: $2,8642015Revenue 2017: $235,875Expenses 2017: $228,665Net Income 2017: $7,2102017Revenue 2019: $349,364Expenses 2019: $342,174Net Income 2019: $7,1902019Revenue 2020: $1,226,087Expenses 2020: $369,805Net Income 2020: $856,2822020Revenue 2021: $358,876Expenses 2021: $1,129,224Net Income 2021: -$770,3482021Revenue 2022: $581,294Expenses 2022: $579,305Net Income 2022: $1,9892022Revenue 2023: $591,364Expenses 2023: $810,999Net Income 2023: -$219,6352023Revenue 2023: $591,364Expenses 2023: $810,999Net Income 2023: -$219,6352023Revenue 2024: $521,511Expenses 2024: $628,483Net Income 2024: -$106,9722024

Highlighted filing

2023

Revenue$591,364
Expenses$810,999
Net Income-$219,635
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$593,251
Mission and Program Overview

Mission

The mission of shield ministries is to teach men how to think, choose, and build correctly using an evidenced based christian curriculum; which promotes healing, provides educational opportunities designed to help men overcome re-entry barriers, promotes accountability and responsibility, and provides residential stability and workforce readiness, all of which reduces recidivism.

Shield ministries is a re-entry education program for men through providing prison pre-release, post-release and prison intervention classes and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,769,259$1,770,697▲ $1,438
Intangible Assets$234,163$169,951▼ $64,212
Cash and Non-Interest-Bearing Accounts$222,715$25,096▼ $197,619
Prepaid Expenses and Deferred Charges$7,460$10,960▲ $3,500
Pledges and Grants Receivable$6,484$8,280▲ $1,796
Savings and Temporary Cash Investments$40,667$190▼ $40,477
Accounts Receivable$171--
Total Assets$2,280,919$1,985,174▼ $295,745
Liabilities
Unsecured Notes Loans Payable$1,112,052$1,036,364▼ $75,688
Accounts Payable and Accrued Expenses$85,863$88,651▲ $2,788
Other Liabilities$8,877$6,677▼ $2,200
Deferred Revenue$2,245$1,235▼ $1,010
Total Liabilities$1,209,037$1,132,927▼ $76,110
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$973,907$852,247▼ $121,660
Net Assets With Donor Restrictions$97,975$0▼ $97,975
Total Net Assets Fund Balance$1,071,882$852,247▼ $219,635
Total Liabilities and Net Assets / Fund Balance$2,280,919$1,985,174▼ $295,745

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,001,689$76,730$1,078,419
Buildings$625,000-$625,000
Land$100,000-$100,000
Leasehold Improvements$39,911-$39,911
Equipment$4,097-$4,097
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David M TruluckExecutive DirectorFT$65,545$7,518$73,063
Melodie a TruluckOperations ManagerFT$58,712$7,779$66,491

Board Members and Trustees

NameTitle
Jamie JordanChairman
Brent BriceVice Chairman
Karl BradyTrustee
Kevin WoodmanTrustee
Tammy DavidsonSecretary
Julie MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$237,686
Program Service Revenue
$350,949
Investment Income
$-1,887
Other Revenue
$4,616
All Other Contributions
$228,164
Change in Net Assets
$-219,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$591,364
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$591,364
Total Revenue per Form 990
$591,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,410
Salaries, Compensation, and Employee Benefits$398,589
Total Fundraising Expense$105,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$170,425$78,994$24,914$274,333
Current Officers, Directors, Trustees, and Key Employees$67,134$35,401$21,721$124,256
Occupancy$96,800--$96,800
All Other Expenses$43,835$2,085-$45,920
Depreciation Depletion$33,682--$33,682
Insurance$20,306$11,790$655$32,751
Other Expenses$14,628$1,864$644$14,628
Fees for Services Other$7,241$2,414$2,414$12,069
Advertising$2,378$1,070$8,440$11,888
Travel$3,471-$612$4,083
Total Functional Expenses$560,424$145,129$105,446$810,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$810,999
Total Expenses per Audited Statements$810,999
Total Expenses per Form 990$810,999
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$6,677
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Board of trustees member- melodie truluck-spouse of executive director david truluck

Form 990, Part VI, Section B, Line 11B

Melodie truluck, operations manager, and julia martin, treasurer and finance committee chairwoman, will review the form 990 and then melodie truluck, operations manager, issued and presented to the board of trustees for review. Upon approval of all trustees, it will then be filed.

Form 990, Part VI, Section B, Line 12C

All directors, board members, and key employees are required to annually disclose in writing to the secretary of the board whether any transactions could create conflict within the organization.

Form 990, Part VI, Section B, Line 15

Compensation recommendations were based upon comparability data. These recommendations were provided to the board of trustees for review. The board of trustees reviewed the information and voted with a majority approval for the final determination of compensation.

Form 990, Part VI, Section C, Line 19

Shield ministries, inc. Made its governing documents available to the general public at their office.

Filing and Contact Details

Filer

Filer Name
Shield Ministries
EIN
20-8885273
Phone
8438102824
Address
PO BOX 61595, NORTH CHARLESTON, SC 29419

Signing Officer

Name
Julia Martin
Title
Treasurer
Phone
8438102824
Signed
2024-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julia Martin
Formed
2009
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
6
Employees
8
Volunteers
101

Preparer

Firm
Veris LLC
Address
632 SAINT ANDREWS BOULEVARD, CHARLESTON, SC 29407
Preparer
Russell Deal CPA
Phone
8432665400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal taxes under section 501(c)(3) of the internal revenue code and exempt from federal and state income taxes unless income is generated from unrelated business activities. There is no unrelated business income. The organization qualifies for the charitable contribution deduction under section 170 (b)(1) and has been classified as an organization that is not a private foundation under section 509(a)(2). The fasb provides guidance on the organizaiton's evaluation of accounting for uncertainty in income tax positions that require adjustment to the financial statements to comply with the provision of this guidance.

Raw XML AppendixShowing 400 of 441 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07460
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010960
IRS990/PrincipalOfficerNm0JULIA MARTIN
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYExcessBenefitTransInd00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0350949
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040667
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0190
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0216136
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt050
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0211443
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0226237
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01337979
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41820
IRS990ScheduleA/PublicSupportPY170Pct00.41000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0123077
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0962388
IRS990ScheduleA/TotalSupportAmt02301025
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0810999
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039911
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039911
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01001689
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt076730
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06677
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0591364
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNLESS INCOME IS GENERATED FROM UNRELATED BUSINESS ACTIVITIES. THERE IS NO UNRELATED BUSINESS INCOME. THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 (B)(1) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FASB PROVIDES GUIDANCE ON THE ORGANIZAITON'S EVALUATION OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISION OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0810999
IRS990ScheduleD/TotalLiabilityAmt06677
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0810999
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF TRUSTEES MEMBER- MELODIE TRULUCK-SPOUSE OF EXECUTIVE DIRECTOR DAVID TRULUCK
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MELODIE TRULUCK, OPERATIONS MANAGER, AND JULIA MARTIN, TREASURER AND FINANCE COMMITTEE CHAIRWOMAN, WILL REVIEW THE FORM 990 AND THEN MELODIE TRULUCK, OPERATIONS MANAGER, ISSUED AND PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW. UPON APPROVAL OF ALL TRUSTEES, IT WILL THEN BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS, BOARD MEMBERS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE IN WRITING TO THE SECRETARY OF THE BOARD WHETHER ANY TRANSACTIONS COULD CREATE CONFLICT WITHIN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION RECOMMENDATIONS WERE BASED UPON COMPARABILITY DATA. THESE RECOMMENDATIONS WERE PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW. THE BOARD OF TRUSTEES REVIEWED THE INFORMATION AND VOTED WITH A MAJORITY APPROVAL FOR THE FINAL DETERMINATION OF COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SHIELD MINISTRIES, INC. MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC AT THEIR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalOtherCompensationAmt015297
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0101
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IRS990/TravelGrp/ProgramServicesAmt03471
IRS990/TravelGrp/TotalAmt04083
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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