Form 990 for tax year 2022
Filed by CROWN FINANCIAL MINISTRIES INC.
Totals
- Total revenue
- $5,405,847
- Total expenses
- $5,003,415
- Contributions and grants received
- $4,336,749
- Grants paid
- $305,986
- Program service revenue
- $396,700
- Investment income
- $76,711
- Other revenue
- $595,687
- Total assets, end of year
- $7,583,044
- Total liabilities, end of year
- $2,072,281
- Net assets or fund balances, end of year
- $5,510,763
- Program services expenses (Part IX)
- $2,530,556
- Management and general expenses
- $1,654,776
- Fundraising expenses
- $818,083
- Program service expenses (Part III)
- $2,530,556
Program services were 50.6% 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.
-
1f · All other contributions, gifts and grants
$4,336,749
-
1g · Noncash contributions included above
$389
-
2a · Program service revenue: PROGRAM FEES
total $396,700 · related or exempt $396,700
-
3 · Investment income
total $96,873 · excluded $96,873
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $86,522 · excluded $86,522
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $118,700
-
7b · Less cost or other basis and sales expenses
securities $138,862
-
7c · Gain or loss
securities -$20,162
-
7d · Net gain or loss
total -$20,162 · excluded -$20,162
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$681,635
-
10b · Cost of goods sold
$341,209
-
10c · Net income from sales of inventory
total $340,426 · related or exempt $340,426
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $168,739 · related or exempt $168,739
-
11e · Other revenue, total
$168,739
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $305,986 · program services $305,986
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $648,389 · program services $269,925 · management and general $306,882 · fundraising $71,582
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,290,130 · program services $507,906 · management and general $647,554 · fundraising $134,670
-
8 · Pension plan contributions
total $60,359 · program services $25,127 · management and general $28,568 · fundraising $6,664
-
9 · Other employee benefits
total $130,843 · program services $54,470 · management and general $61,928 · fundraising $14,445
-
10 · Payroll taxes
total $129,822 · program services $54,045 · management and general $61,445 · fundraising $14,332
-
11a · Fees: management
total $546,629 · program services $388,423 · management and general $117,911 · fundraising $40,295
-
11b · Fees: legal
total $16,352 · management and general $16,352
-
11c · Fees: accounting
total $50,145 · management and general $50,145
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $59,861 · fundraising $59,861
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $90,318 · management and general $18,696 · fundraising $71,622
-
13 · Office expenses
total $5,482 · program services $2,283 · management and general $2,595 · fundraising $604
-
14 · Information technology
total $209,480 · program services $98,344 · management and general $76,021 · fundraising $35,115
-
15 · Royalties
total $0
-
16 · Occupancy
total $117,461 · program services $47,734 · management and general $57,070 · fundraising $12,657
-
17 · Travel
total $85,374 · program services $68,261 · management and general $7,859 · fundraising $9,254
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $456,630 · program services $378,485 · management and general $18,479 · fundraising $59,666
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $81,083 · program services $73,751 · management and general $7,332
-
23 · Insurance
total $73,729 · management and general $73,729
-
24a · Other expenses: POSTAGE & PRINTING
total $233,671 · program services $621 · management and general $2,264 · fundraising $230,786
-
24b · Other expenses: PRODUCT DEVELOPMENT
total $144,411 · program services $113,043 · fundraising $31,368
-
24c · Other expenses: LICENSING
total $131,253 · program services $131,253
-
24d · Other expenses: MISCELLANEOUS
total $119,275 · program services $10,899 · management and general $99,453 · fundraising $8,923
-
24e · All other expenses
total $16,732 · management and general $493 · fundraising $16,239
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $362,516 · end of year $775,269
-
2 · Savings and temporary cash investments
beginning of year $3,643,615 · end of year $13,995
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $17,761 · end of year $24,335
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $62,647 · end of year $52,699
-
9 · Prepaid expenses and deferred charges
beginning of year $135,597 · end of year $153,954
-
10a · Land, buildings and equipment: cost or other basis
$148,717
-
10b · Land, buildings and equipment: accumulated depreciation
$126,110
-
10c · Land, buildings and equipment, net
beginning of year $32,072 · end of year $22,607
-
11 · Investments: publicly traded securities
beginning of year $1,710,618 · end of year $5,251,321
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $983,176 · end of year $1,288,864
-
17 · Accounts payable and accrued expenses
beginning of year $915,141 · end of year $949,323
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $815,393 · end of year $1,122,958
-
27 · Net assets without donor restrictions
beginning of year $4,618,644 · end of year $4,956,212
-
28 · Net assets with donor restrictions
beginning of year $598,824 · end of year $554,551
Mission and programs · 2022
Mission
Crown Financial Ministries, founded in 1976, is dedicated to equipping leaders to help bring Freedom, Restoration and Flourishing in the communities in which they serve. We believe, and have experienced, that most of the world's greatest challenges stem from a lack of understanding of what we've been given, and how to best use it. Crown has taught or equipped tens of millions of people in over 100 nations with the life-transforming message of faithfully living by God's kingdom principles in every area of their lives. The ministry is headquartered in the United States, and has a significant global presence. Crown accomplishes all this with about 25 employees and in partnership with over 10,000 passionate volunteers worldwide who help ignite True Freedom.
Activities or mission (Part I)
TO TEACH BIBLICAL PRINCIPLES OF FINANCE/ MONEY MANAGEMENT AND TRAIN OTHERS TO TEACH THESE PRINCIPLES.
-
Broadcasting & Social Media- Across the U.S. and internationally on a network of 1,249 terrestrial radio stations and outlets, and through the internet, Crown's programs potentially teach God's financial principles to 8,333,500 listeners. Countless more learn through CEO Chuck Bentley's blog and Crown's Tweets and Facebook posts.
Expenses $353,680 · Revenue $126,607
-
National ministries - Regionally based teams in North America work with community, parachurch ministries and church teams, assisting them to implement small group studies, Money Life Coach training, and other Crown teaching resources.
Expenses $1,001,475 · Revenue $358,499
-
International Operations - Crown supports ministries in South America and Sub-Saharan Africa through grants. Also, it has committed resources to translating various materials into non-English languages and travels to these regions to support the various ministries.
Expenses $1,175,401 · Grants $305,986 · Revenue $420,759
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chuck Bentley
CEO
- Total calculated
- $210,159
- From this org
- $151,888
- From related orgs
- $0
- Other
- $58,271
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $140,750
- Bonus
- $1,700
- Other
- $9,438
- Deferred
- $11,597
- Nontaxable benefits
- $47,466
- Filer's total
- $210,951
-
Sheila Thompson
VP of Donor Relations
- Total calculated
- $138,921
- From this org
- $119,002
- From related orgs
- $0
- Other
- $19,919
- Hours/week
- 50
-
Handre DeJongh
VP - Pships & Global Dev
- Total calculated
- $134,264
- From this org
- $112,297
- From related orgs
- $0
- Other
- $21,967
- Hours/week
- 50
-
Tracey Fries
COO
- Total calculated
- $112,826
- From this org
- $100,925
- From related orgs
- $0
- Other
- $11,901
- Hours/week
- 50
-
Calvin Dillinger
Sr Director of Operations
- Total calculated
- $112,759
- From this org
- $100,975
- From related orgs
- $0
- Other
- $11,784
- Hours/week
- 50
-
Wayne Everbach
CFO
- Total calculated
- $85,320
- From this org
- $80,491
- From related orgs
- $0
- Other
- $4,829
- Hours/week
- 24
-
Phil Clemens
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Stuart Nordberg
Treasurer/Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Charles Raymond
Director
- Total calculated
- $0
- Hours/week
- 1
-
Steve Whaley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Holler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Panter
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ruth Morales
Director
- Total calculated
- $0
- Hours/week
- 1
-
Luke Roush
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- TRAVEL BENEFITS INCLUDING AIRFARE, HOTEL, AND MEALS WERE PROVIDED TO THE WIFE OF CHUCK BENTLEY, CEO OF THE ORGANIZATION, AS SHE ASSISTED WITH PLANNING AND ONSITE EVENT COORDINATION AND PARTICIPATED IN JOINT INTERVIEWS WITH THE CEO. BECAUSE HER ATTENDANCE WAS REQUIRED AS PART OF THE EVENTS, THE TRAVEL COSTS WERE NOT REPORTED AS TAXABLE COMPENSATION TO CHUCK BENTLEY. IT IS CROWN'S POLICY TO GROSS UP THE SOCIAL SECURITY AND MEDICARE TAXES FOR THOSE EMPLOYEES WHO ARE MINISTERS. THIS ESSENTIALLY PAYS TO THEM THE EMPLOYER PORTION OF THE TAX. BONUSES ARE ALSO GROSSED UP. A HOUSING ALLOWANCE IS PROVIDED TO SOME OFFICERS WHO ARE ORDAINED MINISTERS. THE HOUSING ALLOWANCE IS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES UPON APPROVAL.
- PART I, LINE 7
- HANDRE DEJONGH, CALVIN DILLINGER, WAYNE EVERBACH, SHEILA THOMPSON, TRACEY FRIES, AND CHUCK BENTLEY RECEIVED BONUSES DURING THE YEAR. ALL EMPLOYEES RECEIVED A BONUS IN NOVEMBER.
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
- 2022
- Filed
- 15 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202313129349304986
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