2024-05-15T17:07:26-04:00 2023-12-31 823717292 RUSSELL LEIGH & ASSOCIATES 228 E MAIN ST HOOPESTON IL 60942 990 2023-01-01 370841451 GRACE & TRUTH INC GRAC 2174421120 210 CHESTNUT ST DANVILLE IL 61832 PAUL ALBERTS PRESIDENT 2174421120 2024-05-07 true PAUL ALBERTS 999009999 false RUSS LEIGH P00086811 2172839336 2024-05-07 X 2023 2023-04-26 12:10:37Z PAUL ALBERTS 215 OAK ST DANVILLE IL 61832 347364 false X WWW.GTPRESS.ORG X 1931 IL OUR MISSION AND PRIMARY ACTIVITY IS TO PUBLISH AND PRINT CHRISTIAN RELIGIOUS LITERATURE IN THE FORM OF TRACTS, BOOKLETS & MAGAZINES IN AS MANY AS 12 LANGUAGES AND THEN SEND THEM TO MANY COUNTRIES FOR DISTRIBUTION. 5 5 4 18 0 278756 318087 12353 13611 13073 10677 2226 1513 306408 343888 0 0 91015 87650 0 0 345833 352489 436848 440139 -130440 -96251 583043 462099 0 583043 462099 OUR MISSION AND PRIMARY ACTIVITY IS TO PUBLISH AND PRINT CHRISTIAN RELIGIOUS LITERATURE IN THE FORM OF TRACTS, BOOKLETS & MAGAZINES IN AS MANY AS 12 LANGUAGES AND THEN SEND THEM TO MANY COUNTRIES FOR DISTRIBUTION. false false 420500 GRACE & TRUTH INC. IS AN EVANGELICAL, NON-DENOMINATIONAL CHRISTIAN MINISTRY WHICH PUBLISHES MANY GOSPEL TRACTS, TRACTS & BOOKLETS FOR CHRISTIANS AND A MONTHLY MAGAZINE TO TEACH AND HELP CHRISTIANS BETTER UNDESTAND THE WORD OF GOD. OUR DISTRIBUTORS AND READERS ARE WORLD WIDE. DURING 2023 GRACE & TRUTH INC PRINTED AND SHIPPED 8,778,470 GOSPEL TRACTS IN 12 LANGUAGES, 107,000 BOOKLETS, 114,650 MAGAZINES AND 7,400 COPIES OF QUARTERLY NEWS LETTERS. THIS LITERATURE WAS SHIPPED TO APPROXIMATELY 90 COUNTRIES, MOSTLY IN THE THIRD WORLD. WE ARE ONE OF THE LARGEST DISTRIBUTORS OF FREE CHRISTIAN LITERATURE TO THE THIRD WORLD. 420500 true true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 4 true false false false false false false false false X 5 5 false false false false false false true true true false false false true false true false true false true false X PAUL ALBERTS 2174421120 215 OAK ST DANVILLE IL 61832 PAUL ALBERTS PRESIDENT 40.00 X X 33939 0 0 ALAN GROTH SECRETARY/TR 29.90 X X 32212 0 0 PAUL T VAN RYN VICE PRESIDE 11.70 X X 11262 0 0 SAM HADLEY DIRECTOR 1.30 X 1016 0 0 DAVID PICKERING DIRECTOR X 0 0 0 78429 false false false 318087 318087 SUBSCRIPTIONS - FREE 7973 7973 CONTRIBUTIONS FROM TRACT DIST 4356 4356 SUBSCRIPTIONS TO MAGAZINES 1282 1282 13611 7012 7012 4800 3476 1324 1324 1324 3665 3665 3665 3665 CASHBACK BONUSES 126 126 SALE OF WASTE PAPER, ETC 63 63 189 343888 25801 78429 64388 14041 2891 2457 434 6330 5381 949 405 405 575 460 115 3701 2739 962 8162 7672 490 8 8 15694 15694 8921 8029 892 POSTAGE & SHIPPING 183894 183144 750 SUBLET PRINTING & DESIGN 86298 86298 SUPPLIES 39048 39048 EQUIPMENT REPAIRS/RENTAL 3168 3073 95 2615 1712 903 440139 420500 19639 0 66787 74932 6727 7660 105034 55888 441636 385134 71646 56502 332849 267117 583043 462099 0 0 X 583043 462099 583043 462099 583043 462099 X -96251 24453 -49146 X false false X 333749 320373 782514 278756 318087 2033479 333749 320373 782514 278756 318087 2033479 2033479 2033479 130446 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25000 25000 25000 FORM 990, PAGE 6, PART VI, LINE 7B THE NORMAL PROCEDURE FOR MAKING POLICY DECISIONS AND OTHER SIGNIFICANT DECISIONS IS TO HAVE THE PRIMARY STAFF, INCLUDING OFFICER (BOARD MEMBERS) GATHER TOGETHER FOR PRAYER AND DISCUSSION. PROPOSALS ARE THEN SENT TO BOARD MEMBERS AND APPROPRIATE CONSULTANTS WHO WERE UNABLE TO BE PRESENT FOR THE DISCUSSION IN ORDER TO RECEIVE THEIR ADVICE. THE PRIMARY STAFF THEN GATHERS AGAIN FOR PRAYER AND TO MAKE THE FINAL DECISION. IF PRACTICAL, SUCH DECISIONS ARE MADE DURING THE ANNUAL CORPORATE MEETING. THOSE INVOLVED IN DECISION MAKING HAVE A HISTORY OF WORKING TOGETHER AND DEALING WITH ISSUES AND POLICIES IN A HARMONEOUS WAY. FORM 990, PAGE 6, PART VI, LINE 11B BECAUSE OF THEIR INVOLVEMENT IN THE FINANCIAL MATTERS AND RECORDS OF THE CORPORATION, FORMER AND CURRENT BOARD PRESIDENTS SAM HADLEY, PAUL VAN RYN AND PAUL ALBERTS, HAVE REVIEWED THIS FORM 990 BEFORE IT WAS SIGNED AND MAILED TO THE IRS. SAM AND PAUL REVIEWED THE FORM 990 TOGETHER. THE FINANCIAL INFORMATION WAS REVIEWED FOR ACCURACY AND THE QUESTIONS WERE REVIEWED TO SEE THAT THEY WERE CORRECTLY ANSWERED. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY BECAUSE ALL OF THE STAFF ARE REQUIRED TO SIGN A STATEMENT OF FAITH THAT THEY FULLY BELIEVE THE BIBLICAL PRINCIPLES SET FORTH IN THE STATEMENT OF FAITH AND THEY AGREE TO LIVE GODLY LIVES CONSISTENT WITH THE TEACHINGS AND COMMANDS OF THE BIBLE. SHOULD AN EMPLOYEE BE INVOLVED IN WRONG DOING OR DISPLAY ACTIONS OR BEHAVIORS INCONSISTENT WITH THE TEACHINGS OF THE BIBLE, BOARD MEMBERS WOULD DEAL WITH THAT BEHAVIOR AND THOSE ACTIONS AS GOD CLEARLY INSTRUCTS IN THE BIBLE. WE BELIEVE THESE COMMENTS SET FORTH OUR POLICIES RELATIVE TO QUESTIONS 12 AND 13. FORM 990, PAGE 6, PART VI, LINE 15B THE EMPLOYEES OF GRACE & TRUTH INC ARE VERY COMMITTED TO THE MINISTRY OF GRACE & TRUTH AND THEY BELIEVE THAT THEY AHVE BEEN CALLED BY GOD TO BE EMPLOYED AT GRACE & TRUTH. THIS BEING THE CASE, THEY ARE WILLING TO WORK FOR LESS COMPENSATION THAN THEY COULD EARN WORKING FOR OTHER EMPLOYERS. THEY VIEW THEMSELVES AS SERVING GOD IN THEIR JOB RATHER THAN SERVING MAN SO THE WAGE SCALE IS NOT A BIG ISSUE AS LONG AS THEY ARE PAID MORE THAN THE REQUIRED MINIMUM WAGE AND THEY RECEIVE ENOUGH TO PROVIDE FOR THEIR NEEDS IN A FRUGEL LIFESTYLE. FORM 990, PAGE 6, PART VI, LINE 19 REGARDING GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS MADE AVAILABLE TO THE PUBLIC. AS STATED PREVIOUSLY, THE CORPORATION DOES NOT HAVE A SPECIFIC WRITTEN CONFLICT OF INTEREST POLICY. GRACE & TRUTH INC HAS ITS STATEMENT OF FAITH POSTED ON ITS WEBSITE ALONG WITH OTHER INFORMATION ABOUT THE MINISTRY OF GRACE & TRUTH. A QUARTERLY REPORT IS PREPARED SHORTLY AFTER EACH CALENDAR QUARTER. THIS REPORT CONTAINS COMMENTS ABOUT THE MINISTRY, THE PEOPLE INVOLVED IN THE MINISTRY AND COMMENTS FROM PEOPLE WHOSE LIVES HAVE BEEN TOUCHED BY THE MINISTRY. THE REPORT ALSO CONTAINS FINANCIAL INFORMATION SHOWING CASH FUNDS AVAILABLE AT THE BEGINNING AND END OF THE QUARTER. IN ADDITION, THE REPORT SUMMARIZES THE LITERATURE WHICH WAS PUBLISHED, PRINTED AND MAILED OUT DURING THE QUARTER. THIS REPORT IS AVAILABLE IN PAPER FORM AND OVER 3,000 COPIES ARE MAILED OT THE MAGAZINE SUBSCRIBERS, DONORS AND OTHER INTEREST INDIVIDUALS AND CHURCH GROUPS. THE REPORT IS AVAILABLE ON REQUEST IN PAPER FORM OR BY PDF. ALSO, DURING THE YEAR OTHER NEWS LETTERS AND PRAYER REQUEST BULLETINS ARE MAILED TO SEVERAL THOUSAND SUPPORTERS OF GRACE & TRUTH TO KEEP THEM INFORMED OF THE BLESSINGS AND NEEDS OF THE MINISTRY. FORM 990, PART XI, LINE 9 INCREASE IN INVENTORY 0 DECREASE IN INVENTORY -49,146 TOTAL -49,146