The True Heart Foundation
How we got $1.3M
Based on 10 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THE TRUE HEART FOUNDATION this business | $1.3M | — |
| TRUE HEART FOUNDATION, THE Edmond · 10 employees | $1.3M | 0.1 mi |
| REDEMPTION CHURCH OF OKLAHOMA CITY Edmond · 7 employees | $826K | 0.1 mi |
| REDEEMER PRESBYTERIAN CHURCH OF EDMOND Edmond · 2 employees | $242K | 0.1 mi |
| FIRST UNITED METHODIST CHURCH Edmond · 97 employees | $7.7M | 0.2 mi |
| FIRST CHRISTIAN CHURCH Edmond · 203 employees | $23.2M | 0.3 mi |
| TURNING POINT MINISTRIES Edmond · 1 employees | $898K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Industry revenue per employee | $560K |
| Revenue = employees × revenue per employee | $1.3M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $418K |
| Cross-check: revenue implied by PPP payroll | $7.2M |
Calibrated: revenue lowered to 58% of the industry-average estimate, to match what businesses in this industry actually report.
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Revenue range | $756K – $1.5M |
| EBITDA range | $247K – $495K |
| Industry (NAICS) | Religious, Grantmaking, Civic, Professional, and Similar Organizations (813110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingArvest BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Arvest Bank PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/4/2021 | second | $178K | 10 |
About The True Heart Foundation
The True Heart Foundation is a churches & nonprofits company in Edmond, Oklahoma. Its estimated annual revenue is about $1.3M, with roughly $418K of EBITDA. It has about 10 employees.
Common questions
- Who owns The True Heart Foundation?
- The owner of The True Heart Foundation isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does The True Heart Foundation make?
- SeeBITDA estimates The True Heart Foundation's annual revenue at about $1.3M (likely between $756K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does The True Heart Foundation have?
- About 10, as reported on its PPP loan.