A 31 May 2021 article by researcher Barry Bowen for Trinity Foundation, a nonprofit watchdog tracking televangelist finances, reporting that Trinity Christian Center of Santa Ana and other affiliated organizations transferred about 860.1 million dollars in assets to the newly restructured Trinity Broadcasting of Texas Inc in 2019, that Trinity Broadcasting of Texas reported total revenue of about 933.3 million dollars for that year, and that the organization received a 3.3 million dollar federal Paycheck Protection Program loan in 2020.
Facts
Assessment
Reliability Tier2
Tier 2: a 31 May 2021 article by researcher Barry Bowen for Trinity Foundation, a nonprofit watchdog organization that has tracked televangelist finances since the 1990s by analyzing public tax filings and other primary records, read directly. It reports that Trinity Christian Center of Santa Ana and other affiliated Trinity Broadcasting Network organizations transferred about 860.1 million dollars in assets to the newly restructured Trinity Broadcasting of Texas Inc in 2019, that Trinity Broadcasting of Texas reported total revenue of about 933.3 million dollars for that year on its own Form 990, largely reflecting that internal asset transfer rather than ordinary broadcasting income, and that the organization received a 3.3 million dollar federal Paycheck Protection Program loan in 2020. A specialist watchdog's direct reading of the organization's own public tax filings, not an independent audit. Citation
AuthorBarry Bowen
PublisherTrinity Foundation
Publication Year2021
URLhttps://trinityfi.org/investigations/trinity-broadcasting-of-texas-obtains-ppp-loan-after-receiving-933-million/
Source Typenews feature
Cross-Tradition Connections
Associated With
This source names Texas directly: "restructured Trinity Broadcasting of Texas Inc in 2019, that Trinity Broadcasting of Texas reported total revenue of about 933.3 million dollars for that year, and that the organization received a..."
Claims Backed By This Source (13 claims)
This source backs 13 claims across the atlas. As facts: 11 well-attested. As cited relationships: 1 holds. Plus 1 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Sources, 8 claims: 7 well-attested, 1 holds.
- Organizations, 5 claims: 4 well-attested, 1 general references.
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