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Nonprofiteer
← PRIORITY ONE SCHOOLS INC

Form 990 for tax year 2025

Filed by PRIORITY ONE SCHOOLS INC.

Totals

Total revenue
$5,021,478
Total expenses
$4,628,922
Contributions and grants received
$4,965,977
Grants paid
$3,457,933
Program service revenue
$0
Investment income
$55,501
Other revenue
$0
Total assets, end of year
$1,511,687
Total liabilities, end of year
$487,435
Net assets or fund balances, end of year
$1,024,252
Program services expenses (Part IX)
$4,374,102
Management and general expenses
$246,276
Fundraising expenses
$8,544
Program service expenses (Part III)
$4,374,102

Program services were 94.5% 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.

  • 1f · All other contributions, gifts and grants

    $4,965,977

  • 3 · Investment income

    total $55,501 · unrelated business $0 · excluded $55,501

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,457,933 · program services $3,457,933

  • 5 · Compensation of officers, directors and key employees

    total $297,114 · program services $297,114 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $40,000 · program services $0 · management and general $40,000 · fundraising $0

  • 8 · Pension plan contributions

    total $27,155 · program services $27,155 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $256 · program services $0 · management and general $256 · fundraising $0

  • 10 · Payroll taxes

    total $20,996 · program services $0 · management and general $20,996 · fundraising $0

  • 11b · Fees: legal

    total $140,451 · program services $0 · management and general $140,451 · fundraising $0

  • 12 · Advertising and promotion

    total $4,502 · program services $0 · management and general $0 · fundraising $4,502

  • 13 · Office expenses

    total $41,817 · program services $0 · management and general $41,817 · fundraising $0

  • 17 · Travel

    total $52,724 · program services $52,724 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $707 · program services $707 · management and general $0 · fundraising $0

  • 24a · Other expenses: GIFT EXPENSE

    total $4,042 · program services $0 · management and general $0 · fundraising $4,042

  • 24b · Other expenses: MISSION TRIPS & EVENTS

    total $528,018 · program services $528,018 · management and general $0 · fundraising $0

  • 24c · Other expenses: TELEPHONE

    total $2,756 · program services $0 · management and general $2,756 · fundraising $0

  • 24d · Other expenses: VIDEO PRODUCTION

    total $10,451 · program services $10,451 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $579,487 · end of year $755,612

  • 2 · Savings and temporary cash investments

    beginning of year $299,201 · end of year $754,703

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

    $27,651

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

    $26,279

  • 10c · Land, buildings and equipment, net

    beginning of year $2,080 · end of year $1,372

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,672 · end of year $11,835

  • 24 · Unsecured notes and loans payable

    beginning of year $133,400 · end of year $475,600

  • 27 · Net assets without donor restrictions

    beginning of year $631,696 · end of year $1,024,252

Mission and programs · 2025

Mission

PREACH GOSPEL OF JESUS CHRIST

  • THE PRIMARY PURPOSE OF HERITAGE MINISTRIES, INC. IS TO TRAVEL THROUGHOUT THE U.S. AND THE WORLD SPEAKING AT CHURCHES AND CONFERENCES PROCLAIMING THE GOSPEL OF JESUS. INCLUDED IN THE PURPOSE IS TO ASSIST ASSEMBLY OF GOD CHURCHES BUILD CHURCHES IN FOREIGN COUNTRIES.

    Expenses $4,374,102 · Grants $3,457,933

As filed on the 2025 return.

Listed in Part VII

  • JAY BAILEY

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • CHIP JOHNSON

    DIRECTOR, PRESIDENT

    Total calculated
    $134,820
    From this org
    $98,820
    From related orgs
    $0
    Other
    $36,000
    Hours/week
    40

  • BRAD ROSENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DERRICK ROSS

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    0

  • CAL CARPENTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DENNY CURRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • STEVE HUSKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SAMUEL JOHNSON

    FORMER PRESIDENT

    Total calculated
    $162,294
    From this org
    $135,624
    From related orgs
    $0
    Other
    $26,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,624
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,670
    Filer's total
    $162,294

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

None.

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

Provenance

Return type
form_990
Tax year
2025
Filed
4 March 2026
IRS schema version
2025v4.0
Source object
202620639349301107

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