Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
In Te Credo Foundation
990EZ • Fiscal year 2021 • EIN 73-1578147
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.91x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
22nd percentile
Faster asset growth than 22% of similar nonprofits.
Revenue Growth
73rd percentile
Faster revenue growth than 73% of similar nonprofits.
Balance Sheet
Assets
Flat$97,256
Flat from 2021
Net Assets
$8,310
No earlier filing loaded for comparison.
Liabilities
Flat$88,946
Flat from 2021
Revenue And Expenses
Revenue
Flat$56,750
Flat from 2021
Expenses
Flat$101,083
Flat from 2021
Net Income
Flat-$44,333
Flat from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Aug 29, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $56,750
Mission and Program Overview
Mission
To provide scholarships to individuals for religious or education purposes and to donate to humanitarian causes, churches, missionaries and mission projects.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DONATING TO CHURCHES, MISSIONARIES AND MISSION PROJECTS, HUMANITARIAN CAUSES, AND STUDENTS FOR EDUCATION RAISED BY CONTRIBUTIONS AND ANY OTHER LAWFUL ACTIVITIES CONDUCTED BY THE FOUNDATION. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| LARRY D OWSLEY | Trustee | - | $0 | - | - |
| E KAY OWSLEY | Trustee | - | $0 | - | - |
| MATTHEW OWSLEY | Trustee | - | $0 | - | - |
| LAUREN COWHERD | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- In Te Credo Foundation
- EIN
- 73-1578147
- Phone
- 4053413200
- Address
- 2517 SEMILLON WAY, EDMOND, OK 73012
Signing Officer
- Name
- Larry D Owsley
- Title
- Trustee
- Phone
- 4053413200
- Signed
- 2022-08-29
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Hay - Rice & Associates Chtd
- Address
- PO BOX 2707, LIBERAL, KS 67905-2707
- Preparer
- Dustin Ormiston CPA
- Phone
- 6206248471
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: royalty income. Amount: 10,900.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: willie franklin. Grantee relationship: missionary. Date of gift: various. Amount given: 45,000.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: royalty taxes and deductions. Amount: 1,405. Description: bank service charges. Amount: 128. Description: management fees. Amount: 48,550. Total to form 990-ez, line 16: 50,083.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: notes & loans receivable. Beg. Of year amount: 96,289. End of year amount: 39,374. Description: receivables - officers, directors, etc.. Beg. Of year amount: 15,177. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: unsecured notes and loans payable. Beg. Of year amount: 56,946. End of year amount: 56,946. Description: n/p sba. Beg. Of year amount: 5,000. End of year amount: 32,000.”
Raw XML Appendix160 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LARRY D OWSLEY |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 4053413200 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2517 SEMILLON WAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | EDMOND |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OK |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 73012 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 3123 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 57882 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 45850 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -44333 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 114589 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 97256 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 45000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 56750 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 10900 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 52643 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 8310 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 52643 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 8310 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | LARRY D OWSLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | E KAY OWSLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MATTHEW OWSLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LAUREN COWHERD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 111466 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 39374 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 50083 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE SCHOLARSHIPS TO INDIVIDUALS FOR RELIGIOUS OR EDUCATION PURPOSES AND TO DONATE TO HUMANITARIAN CAUSES, CHURCHES, MISSIONARIES AND MISSION PROJECTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DONATING TO CHURCHES, MISSIONARIES AND MISSION PROJECTS, HUMANITARIAN CAUSES, AND STUDENTS FOR EDUCATION RAISED BY CONTRIBUTIONS AND ANY OTHER LAWFUL ACTIVITIES CONDUCTED BY THE FOUNDATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 61946 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 88946 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 101083 |
| IRS990EZ/TotalRevenueAmt | 0 | 56750 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.INTECREDOFOUNDATION.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 45850 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33167 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29470 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 31314 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 169801 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 10900 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6269 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7737 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 10958 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6440 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 42304 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.80060 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.81080 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 169801 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 45850 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33167 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 30000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29470 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 31314 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 169801 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 212105 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: ROYALTY INCOME. AMOUNT: 10,900. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: WILLIE FRANKLIN. GRANTEE RELATIONSHIP: MISSIONARY. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 45,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ROYALTY TAXES AND DEDUCTIONS. AMOUNT: 1,405. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 128. DESCRIPTION: MANAGEMENT FEES. AMOUNT: 48,550. TOTAL TO FORM 990-EZ, LINE 16: 50,083. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: NOTES & LOANS RECEIVABLE. BEG. OF YEAR AMOUNT: 96,289. END OF YEAR AMOUNT: 39,374. DESCRIPTION: RECEIVABLES - OFFICERS, DIRECTORS, ETC.. BEG. OF YEAR AMOUNT: 15,177. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: UNSECURED NOTES AND LOANS PAYABLE. BEG. OF YEAR AMOUNT: 56,946. END OF YEAR AMOUNT: 56,946. DESCRIPTION: N/P SBA. BEG. OF YEAR AMOUNT: 5,000. END OF YEAR AMOUNT: 32,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LARRY D OWSLEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TRUSTEE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4053413200 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-08-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | IN TE CREDO FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INTE |
| ReturnHeader/Filer/EIN | 0 | 731578147 |
| ReturnHeader/Filer/PhoneNum | 0 | 4053413200 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2517 SEMILLON WAY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | EDMOND |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 73012 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 480800083 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HAY - RICE & ASSOCIATES CHTD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 2707 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LIBERAL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | KS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 679052707 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6206248471 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-08-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DUSTIN ORMISTON CPA |
| ReturnHeader/ReturnTs | 0 | 2022-09-09T11:51:14-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LARRY |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | OWSLEY |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $97,256
- Liabilities
- $88,946
- Net assets
- $8,310
- Revenue
- $56,750
- Expenses
- $101,083
- Net income
- -$44,333