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Concepts Of Truth Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Religious Media, Communications Organizations (NTEE)

Summary charts: organization finances over time

Revenue
$149k (2023)

Expenses
$212k (2023)

Total Assets
$0 (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$149,422
Expenses
$212,226
Net Income
-$62,804
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $162,004
> 100%
Program Services $890
0.6%
Investment Income $0
Net Fundraising -$8,352
Sales of Assets $0
Net Inventory Sales -$5,120
Other Revenue $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Dail Lace (President) $17,146 $0
Millie Lace (Vice President) $15,909 $0
Bill Morgan (Director) $0 $0
Esther Witcher (Director) $0 $0
Edward Graves (Director) $0 $0
George Connor (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$191,086
Expenses
$181,380
Net Income
$9,706
Net Assets
$62,632
Notable Sources of Revenue Percent of Total Revenue
Contributions $151,351
79.2%
Program Services $1,295
0.7%
Investment Income $0
Net Fundraising $38,440
20.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $68,179
Total Liabilities $5,547
Net Assets $62,632
Compensation
Key Employees and Officers Compensation Other
Millie Lace (Vice President) $0 $0
Dail Lace (President) $0 $0
Merideth Allen (Director) $0 $0
Father Ed Graves (Honorary) $0 $0
Bill Morgan (Secretary) $0 $0
George Conner (Director) $0 $0
Esther Witcher (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$194,278
Expenses
$184,168
Net Income
$10,110
Net Assets
$52,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,153
74.2%
Program Services $950
0.5%
Investment Income $0
Net Fundraising $49,175
25.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $59,582
Total Liabilities $6,656
Net Assets $52,926
Compensation
Key Employees and Officers Compensation Other
Millie Lace (Vice President) $0 $0
Dail Lace (President) $0 $0
Merideth Allen (Director) $0 $0
Father Ed Graves (Honorary) $0 $0
Bill Morgan (Secretary) $0 $0
George Conner (Director) $0 $0
Esther Witcher (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$226,354
Expenses
$179,443
Net Income
$46,911
Net Assets
$42,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $182,578
80.7%
Program Services $247
0.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $43,414
19.2%
Sales of Assets $0
Net Inventory Sales $115
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $31,870
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $86,792
48.4%
Assets/Debt
Total Assets $48,354
Total Liabilities $5,538
Net Assets $42,816
Compensation
Key Employees and Officers Compensation Related Other
Dail Lace (President) $16,006 $0 $0
Millie Lace (Vice President) $15,864 $0 $0
Merideth Allen (Director) $0 $0 $0
Father Ed Graves (Honorary) $0 $0 $0
Bill Morgan (Secretary) $0 $0 $0
George Conner (Director) $0 $0 $0
Esther Witcher (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$226,642
Expenses
$225,639
Net Income
$1,003
Net Assets
-$4,095
Notable Sources of Revenue Percent of Total Revenue
Contributions $164,261
72.5%
Program Services $2,645
1.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $59,380
26.2%
Sales of Assets $0
Net Inventory Sales $356
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,250
14.7%
Professional Fundraising Fees $0
Other Salaries and Wages $101,560
45.0%
Assets/Debt
Total Assets $8,654
Total Liabilities $12,749
Net Assets -$4,095
Compensation
Key Employees and Officers Compensation Related Other
Dail Lace (President) $16,673 $0 $0
Millie Lace (Vice President) $16,577 $0 $0
Merideth Allen (Director) $0 $0 $0
Father Ed Graves (Honorary) $0 $0 $0
Bill Morgan (Secretary) $0 $0 $0
George Conner (Director) $0 $0 $0
Esther Witcher (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$191,937
Expenses
$198,764
Net Income
-$6,827
Net Assets
-$5,098
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,010
75.6%
Program Services $6,174
3.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $40,454
21.1%
Sales of Assets $0
Net Inventory Sales $299
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,557
18.4%
Professional Fundraising Fees $0
Other Salaries and Wages $77,267
38.9%
Assets/Debt
Total Assets $14,973
Total Liabilities $20,071
Net Assets -$5,098
Compensation
Key Employees and Officers Compensation Related Other
Millie Lace (Vice President) $21,218 $0 $0
Dail Lace (President) $15,339 $0 $0
Merideth Allen (Director) $0 $0 $0
Father Ed Graves (Honorary) $0 $0 $0
Bill Morgan (Secretary) $0 $0 $0
George Conner (Director) $0 $0 $0
Esther Witcher (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$188,319
Expenses
$205,958
Net Income
-$17,639
Net Assets
$1,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $144,176
76.6%
Program Services $8,974
4.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $36,982
19.6%
Sales of Assets $0
Net Inventory Sales -$1,813
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $99,748
48.4%
Assets/Debt
Total Assets $9,407
Total Liabilities $7,678
Net Assets $1,729
Compensation
Key Employees and Officers Compensation Related Other
Millie Lace (Vice President) $32,150 $0 $0
Dail Lace (President) $15,452 $0 $0
Merideth Allen (Director) $0 $0 $0
Father Ed Graves (Honorary) $0 $0 $0
Bill Morgan (Secretary) $0 $0 $0
George Conner (Director) $0 $0 $0
Esther Witcher (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,582
Expenses
$201,265
Net Income
$3,317
Net Assets
$19,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $147,030
71.9%
Program Services $4,085
2.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $53,397
26.1%
Sales of Assets $0
Net Inventory Sales $70
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $115,093
57.2%
Assets/Debt
Total Assets $25,044
Total Liabilities $5,676
Net Assets $19,368
Compensation
Key Employees and Officers Compensation Related Other
Millie Lace (Vice President) $29,817 $0 $0
Dail Lace (President) $13,489 $0 $0
Beverly Mcgraw (Secretary) $0 $0 $0
George Connor Iii (Director) $0 $0 $0
Bill Morgan (Director) $0 $0 $0
Diane Pagan (Director) $0 $0 $0
Gary Baxter (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$175,355
Expenses
$170,720
Net Income
$4,635
Net Assets
$16,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $119,447
68.1%
Program Services $2,019
1.2%
Investment Income $0
Net Fundraising $53,499
30.5%
Sales of Assets $0
Net Inventory Sales $390
0.2%
Other Revenue $0
Assets/Debt
Total Assets $18,417
Total Liabilities $2,366
Net Assets $16,051
Compensation
Key Employees and Officers Compensation Other
Millie Lace (Vice President) $27,810 $0
Dail Lace (President) $14,338 $0
Beverly Mcgraw (Secretary) $0 $0
George Connor Iii (Director) $0 $0
Bill Morgan (Director) $0 $0
Diane Pagan (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$153,285
Expenses
$157,129
Net Income
-$3,844
Net Assets
$11,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,572
68.9%
Program Services $5,724
3.7%
Investment Income $0
Net Fundraising $41,091
26.8%
Sales of Assets $0
Net Inventory Sales $681
0.4%
Other Revenue $217
0.1%
Assets/Debt
Total Assets $13,703
Total Liabilities $2,287
Net Assets $11,416
Compensation
Key Employees and Officers Compensation Other
Millie Lace (Mselpcvice Pres) $27,810 $0
Dail Lace (President) $14,338 $0
Beverly Mcgraw (Mse Secretarytreasurer) $0 $0
Odell Mccallum (Mse Director) $0 $0
George Conner Iii (Md Director) $0 $0
Bill Morgan (Director) $0 $0
Fred Graves (Honorary Board Member) $0 $0
Diane Pagan (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$146,781
Expenses
$152,700
Net Income
-$5,919
Net Assets
$15,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $93,777
63.9%
Program Services $3,803
2.6%
Investment Income $0
Net Fundraising $43,316
29.5%
Sales of Assets $5,297
3.6%
Net Inventory Sales $504
0.3%
Other Revenue $84
0.1%
Assets/Debt
Total Assets $18,273
Total Liabilities $3,013
Net Assets $15,260
Compensation
Key Employees and Officers Compensation Other
Millie Lace (Mselpcvice Pres) $27,000 $0
Dail Lace (President) $13,920 $0
Beverly Mcgraw (Mse Secretarytreasurer) $0 $0
Odell Mccallum (Mse Director) $0 $0
George Conner Iii (Md Director) $0 $0
Bill Morgan (Director) $0 $0
Fr Ed Graves (Honorary Board Member) $0 $0
Diane Pagan (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$148,772
Expenses
$132,870
Net Income
$15,902
Net Assets
$21,179
Notable Sources of Revenue Percent of Total Revenue
Contributions $97,153
65.3%
Program Services $3,250
2.2%
Investment Income $0
Net Fundraising $36,620
24.6%
Sales of Assets $9,146
6.1%
Net Inventory Sales $2,523
1.7%
Other Revenue $80
0.1%
Assets/Debt
Total Assets $23,236
Total Liabilities $2,057
Net Assets $21,179

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$129,254
Expenses
$127,220
Net Income
$2,034
Net Assets
$5,277
Notable Sources of Revenue Percent of Total Revenue
Contributions $83,217
64.4%
Program Services $2,433
1.9%
Investment Income $0
Net Fundraising $42,494
32.9%
Sales of Assets $0
Net Inventory Sales $692
0.5%
Other Revenue $418
0.3%
Assets/Debt
Total Assets $6,902
Total Liabilities $1,625
Net Assets $5,277

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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