Civic Intelligence

Embrace Truth Inc

990 • Fiscal year 2021 • EIN 83-3474366

Jun 01, 2020 to May 31, 2021 • Filed on Apr 10, 2021

Organization Profile
301 South Center Ste 200Arlington, TX 76010

(817) 459-2507

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

2021 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2021

Asset Growth

55th percentile

0.0%

Faster asset growth than 55% of similar nonprofits.

2021 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets25th percentile

Assets

Flat

$1,000,000

Flat from 2020

Net Assets

Flat

$1,000,000

Flat from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $1,000,000 (-100%) from 2020

Expenses

Flat

$0

Flat from 2020

Net Income

Down

$0

Down $1,000,000 (-100%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,000,000Liabilities 2020: $0Net Assets 2020: $1,000,0002020Assets 2021: $1,000,000Liabilities 2021: $0Net Assets 2021: $1,000,0002021Assets 2022: $1,397,240Liabilities 2022: $0Net Assets 2022: $1,397,2402022Assets 2023: $1,440,048Liabilities 2023: $0Net Assets 2023: $1,440,0482023Assets 2024: $1,449,962Liabilities 2024: $0Net Assets 2024: $1,449,9622024Assets 2025: $1,509,630Liabilities 2025: $0Net Assets 2025: $1,509,6302025

Highlighted filing

2021

Assets$1,000,000
Liabilities$0
Net Assets$1,000,000
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0Revenue 2020: $1,000,000Expenses 2020: $0Net Income 2020: $1,000,0002020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $397,890Expenses 2022: $650Net Income 2022: $397,2402022Revenue 2023: $43,458Expenses 2023: $650Net Income 2023: $42,8082023Revenue 2024: $35,728Expenses 2024: $25,814Net Income 2024: $9,9142024Revenue 2025: $67,675Expenses 2025: $8,007Net Income 2025: $59,6682025

Highlighted filing

2021

Revenue$0
Expenses$0
Net Income$0
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Apr 10, 2021
Return Version
2020v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

The organization is organized and operated exclusively for the purpose of holding title to property, collecting income therefrom for the benefit of living hope ministries inc., a 501(c)(3) nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,000,000$1,000,000→ $0
Total Assets$1,000,000$1,000,000→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,000,000$1,000,000→ $0
Total Net Assets Fund Balance$1,000,000$1,000,000→ $0
Total Liabilities and Net Assets / Fund Balance$1,000,000$1,000,000→ $0
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Ronald BohananChairman
Ricky ChelettePresident
Bruno BorgesSecretary
Richard InmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 return will be reviewed by several board members before being filed with the irs.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Embrace Truth Inc
EIN
83-3474366
Phone
8174592507
Address
301 SOUTH CENTER STE 200, ARLINGTON, TX 76010

Signing Officer

Name
Ricky Chelette
Title
President
Phone
8174592507
Signed
2021-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Chelette
Formed
2019
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Psk Llp
Address
3001 MEDLIN DR STE 100, ARLINGTON, TX 76015
Preparer
Susan Harris
Phone
8176643000
Raw XML Appendix217 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/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02019
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IRS990/GrantsToIndividualsInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICKY CHELETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08174592507
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMBRACE TRUTH INC
ReturnHeader/Filer/BusinessNameControlTxt0EMBR
ReturnHeader/Filer/EIN0833474366
ReturnHeader/Filer/PhoneNum08174592507
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 SOUTH CENTER STE 200
ReturnHeader/Filer/USAddress/CityNm0ARLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076010
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751486711
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076015
ReturnHeader/PreparerPersonGrp/PhoneNum08176643000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN HARRIS
ReturnHeader/ReturnTs02022-04-15T20:39:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICKY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHELETTE
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,000,000
Liabilities
$0
Net assets
$1,000,000
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.07$0.01$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.04$0.03$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.04$0.00$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.40$0.00$0.40
2021Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.00$0.00$1.00