Civic Intelligence

True Hearts Inc.

990EZ • Fiscal year 2023 • EIN 86-2878951

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 15, 2024

9801 E Mesa DrClaremore, OK 74017

(918) 855-8096

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

20th percentile

-19%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$15,080

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

21st percentile

-23%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-32%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$59,868

Down $18,262 (-23%) from 2022

Net Assets

Down

$59,868

Down $18,262 (-23%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$94,607

Down $43,845 (-32%) from 2022

Expenses

Up

$112,869

Up $28,855 (+34%) from 2022

Net Income

Down

-$18,262

Down $72,700 (-134%) from 2022

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2022: $78,130Net Assets 2022: $78,1302022Assets 2023: $59,868Net Assets 2023: $59,8682023Assets 2024: $97,076Net Assets 2024: $97,0762024

Highlighted filing

2023

Assets$59,868
Liabilities-
Net Assets$59,868

Operations Trend

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

$200K$100K$0-$100KRevenue 2022: $138,452Expenses 2022: $84,014Net Income 2022: $54,4382022Revenue 2023: $94,607Expenses 2023: $112,869Net Income 2023: -$18,2622023Revenue 2024: $183,110Expenses 2024: $145,902Net Income 2024: $37,2082024

Highlighted filing

2023

Revenue$94,607
Expenses$112,869
Net Income-$18,262
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 15, 2024
Return Version
2023v4.0
Gross Receipts
$94,607
Mission and Program Overview

Mission

To provide the message of jesus to people through bible studies, feeding programs, education assistance, and sustainability projects such as water access and to open a home for abandoned, neglected and abused babies in eswatini, africa.

Program Services

DescriptionGrantsExpenses
PROVIDED FOOD FOR THE HUNGRY VIA A CHICKEN FARM AND VEGETABLE GARDEN. PROVIDED A HOME FOR ORPHANS. PROVIDED GIFTS FOR THE POOR.-$112,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
THOMAS CARSONPresidentFT$15,080-$15,080
JENNIFER CARSONVice PresidentFT$15,080-$15,080
Filing and Contact Details

Filer

Filer Name
True Hearts Inc
EIN
86-2878951
Phone
9188558096
Address
9801 E MESA DR, CLAREMORE, OK 74017

Signing Officer

Name
Thomas Carson
Title
Incorporator
Signed
2024-03-15
Discuss with paid preparer
Yes

Preparer

Firm
Waymark Advisors
Address
510 W Will Rogers Blvd, Claremore, OK 74017
Preparer
Kevin Fortna
Phone
9183421421
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

Class of Activity: CHARITABLE | Donee's Name: TRUE HEARTS MINISTRY Eswatini, Africa | Relationship of Donee: SUPPORTED | Cash Amount Given: $39515

Other Expenses.1001

Advertising and Promotion $1265

Other Expenses.1002

Office Expenses $1349

Other Expenses.1005

Travel $4215

Other Expenses.1007

Conferences, Conventions, and Meetings $19

Other Expenses.1008

Interest $72

Other Expenses.1009

Depreciation $8399

Other Expenses.1

Supplies $16743

Other Expenses.2

Medical $1231

Other Expenses.3

Bank Charges $1089

Other Expenses.4

Dues and Subscriptions $150

Other Expenses.6

Uniforms $76

Other Assets.1003

Machinery and Equipment - Beginning $27861 Machinery and Equipment - Ending $19929

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: CHARITABLE | Donee's Name: TRUE HEARTS MINISTRY Eswatini, Africa | Relationship of Donee: SUPPORTED | Cash Amount Given: $39515
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $1349
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $4215
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conferences, Conventions, and Meetings $19
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Interest $72
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Depreciation $8399
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Medical $1231
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Bank Charges $1089
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Machinery and Equipment - Beginning $27861 Machinery and Equipment - Ending $19929
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/ReturnTs02024-03-15T13:00:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CARSON
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings