Skip to content
Nonprofiteer
← PRECEPT MINISTRIES OF REACH OUT INC

Form 990 for tax year 2024

Filed by PRECEPT MINISTRIES OF REACH OUT INC.

Totals

Total revenue
$10,977,960
Total expenses
$13,716,297
Contributions and grants received
$7,542,776
Grants paid
$3,423,966
Program service revenue
$96,203
Investment income
$27,620
Other revenue
$3,311,361
Total assets, end of year
$4,847,498
Total liabilities, end of year
$978,060
Net assets or fund balances, end of year
$3,869,438
Program services expenses (Part IX)
$10,770,224
Management and general expenses
$2,358,015
Fundraising expenses
$588,058
Program service expenses (Part III)
$10,770,224

Program services were 78.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,568,938

  • 1f · All other contributions, gifts and grants

    $5,973,838

  • 1g · Noncash contributions included above

    $338,099

  • 2a · Program service revenue: Streaming

    total $49,751 · related or exempt $49,751

  • 2b · Program service revenue: Workshops and Conferences

    total $46,452 · related or exempt $46,452

  • 3 · Investment income

    total $27,620 · excluded $27,620

  • 5 · Royalties

    total $155,671 · excluded $155,671

  • 6a · Gross rents

    real property $21,170

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $21,170

  • 6d · Net rental income or loss

    total $21,170 · excluded $21,170

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,568,938

  • 8b · Fundraising events: direct expenses

    $162,663

  • 8c · Net income from fundraising events

    total -$162,663 · excluded -$162,663

  • 10a · Gross sales of inventory

    $4,632,283

  • 10b · Cost of goods sold

    $1,168,941

  • 10c · Net income from sales of inventory

    total $3,463,342 · related or exempt $3,463,342

  • 11a · Other revenue: Other

    total $16,345 · excluded $16,345

  • 11b · Other revenue: Investment losses

    total -$182,504 · excluded -$182,504

  • 11e · Other revenue, total

    -$166,159

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $3,423,966 · program services $3,423,966

  • 5 · Compensation of officers, directors and key employees

    total $799,538 · program services $574,184 · management and general $200,769 · fundraising $24,585

  • 7 · Other salaries and wages

    total $4,810,617 · program services $3,785,468 · management and general $652,087 · fundraising $373,062

  • 8 · Pension plan contributions

    total $121,053 · program services $95,567 · management and general $15,457 · fundraising $10,029

  • 9 · Other employee benefits

    total $591,824 · program services $471,836 · management and general $73,841 · fundraising $46,147

  • 10 · Payroll taxes

    total $364,097 · program services $283,713 · management and general $54,252 · fundraising $26,132

  • 11b · Fees: legal

    total $33,340 · program services $252 · management and general $33,088

  • 11c · Fees: accounting

    total $43,940 · program services $333 · management and general $43,607

  • 11g · Fees: other

    total $1,379,057 · program services $1,057,722 · management and general $321,335

  • 13 · Office expenses

    total $215,667 · program services $119,670 · management and general $67,466 · fundraising $28,531

  • 14 · Information technology

    total $856,765 · program services $202,908 · management and general $653,786 · fundraising $71

  • 15 · Royalties

    total $361 · program services $361

  • 16 · Occupancy

    total $170,054 · program services $136,394 · management and general $33,660

  • 17 · Travel

    total $174,018 · program services $121,919 · management and general $11,909 · fundraising $40,190

  • 22 · Depreciation, depletion and amortization

    total $496,669 · program services $408,795 · management and general $61,106 · fundraising $26,768

  • 23 · Insurance

    total $198,028 · program services $69,717 · management and general $128,311

  • 24a · Other expenses: Miscellaneous Expenses

    total $37,303 · program services $17,419 · management and general $7,341 · fundraising $12,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,838,938 · end of year $1,891,340

  • 4 · Accounts receivable

    beginning of year $36,164 · end of year $172,542

  • 8 · Inventories for sale or use

    beginning of year $401,230 · end of year $386,223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,503 · end of year $68,515

  • 10a · Land, buildings and equipment: cost or other basis

    $9,094,877

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,765,999

  • 10c · Land, buildings and equipment, net

    beginning of year $2,791,462 · end of year $2,328,878

  • 17 · Accounts payable and accrued expenses

    beginning of year $556,522 · end of year $978,060

  • 27 · Net assets without donor restrictions

    beginning of year $6,607,775 · end of year $3,869,438

Mission and programs · 2024

Mission

Engaging people in relationship with God through knowing His Word

  • The Ministry is a religious organization that operates primarily by forming, facilitating and supporting groups of individuals who assemble regularly for communal worship. More specifically, the principal means by which the Ministry accomplishes its mission is to facilitate small groups (or congregations) of individuals who meet regularly to engage in Bible study and other worship activities (including prayer and fellowship) in accordance with the Ministry's religious beliefs. The Ministry currently has over 50,000 such groups meeting regularly in over 150 countries. The Ministry uses printed materials, social media, and the internet to promote and conduct Bible studies, estimated to reach several million global congregants annually. The Ministry also conducts various workshops and conferences, training hundreds of individuals to conduct Bible studies and Bible study conferences. Finally, the Ministry supports indigenous missionaries and Bible study groups in foreign countries. The Ministry estimates that these missionary activities have reached over 190 countries with Bible study materials translated into over 90 languages.

    Expenses $10,770,224 · Grants $3,423,966 · Revenue $3,559,545

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kay Arthur

    Cofounder & Brand Ambassador

    Total calculated
    $109,155
    From this org
    $103,123
    From related orgs
    $0
    Other
    $6,032
    Hours/week
    40

  • Steve Strand

    Board Chairman

    Total calculated
    $0
    Hours/week
    2

  • Ken Guise

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Cary Humphries

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Marilyn Crone

    Board member & Board Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Deanna Lee

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Ashley Freer

    Board member

    Total calculated
    $0
    Hours/week
    2

  • Hanneli Rupert-Koegelenberg

    Board member

    Total calculated
    $0
    Hours/week
    2

  • John Wilcox - Ended 62024

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • David Arthur

    CEO; President

    Total calculated
    $245,854
    From this org
    $214,625
    From related orgs
    $0
    Other
    $31,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,625
    Bonus
    $0
    Other
    $0
    Deferred
    $10,237
    Nontaxable benefits
    $20,992
    Filer's total
    $245,854

  • Ken Bowers

    Executive Director

    Total calculated
    $221,744
    From this org
    $195,744
    From related orgs
    $0
    Other
    $26,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,744
    Bonus
    $0
    Other
    $0
    Deferred
    $7,831
    Nontaxable benefits
    $26,000
    Filer's total
    $229,575

  • Mark Adams

    EVP Operations & Finance

    Total calculated
    $214,954
    From this org
    $172,716
    From related orgs
    $0
    Other
    $42,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,716
    Bonus
    $0
    Other
    $0
    Deferred
    $8,937
    Nontaxable benefits
    $33,301
    Filer's total
    $214,954

  • Debbie Poe

    VP People Services

    Total calculated
    $145,326
    From this org
    $136,770
    From related orgs
    $0
    Other
    $8,556
    Hours/week
    40

  • Shannon Robbins

    RDD Texas

    Total calculated
    $142,042
    From this org
    $111,379
    From related orgs
    $0
    Other
    $30,663
    Hours/week
    40

  • Jeremy Lucarelli

    VP Bible Study Content & Media

    Total calculated
    $149,622
    From this org
    $114,637
    From related orgs
    $0
    Other
    $34,985
    Hours/week
    40

  • Mia Oglice

    VP International Ministry

    Total calculated
    $112,945
    From this org
    $107,420
    From related orgs
    $0
    Other
    $5,525
    Hours/week
    40

  • Bob Willett

    Director, Production & Facilities

    Total calculated
    $127,126
    From this org
    $114,897
    From related orgs
    $0
    Other
    $12,229
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 July 2025
IRS schema version
2024v5.2
Source object
202502119349301550

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.