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← CROWN FINANCIAL MINISTRIES INC

Form 990 for tax year 2024

Filed by CROWN FINANCIAL MINISTRIES INC.

Totals

Total revenue
$5,938,373
Total expenses
$5,789,442
Contributions and grants received
$4,486,280
Grants paid
$632,089
Program service revenue
$613,926
Investment income
$272,701
Other revenue
$565,466
Total assets, end of year
$8,045,943
Total liabilities, end of year
$2,097,613
Net assets or fund balances, end of year
$5,948,330
Program services expenses (Part IX)
$3,722,749
Management and general expenses
$1,748,619
Fundraising expenses
$318,074
Program service expenses (Part III)
$3,722,749

Program services were 64.3% 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

    $4,486,280

  • 1g · Noncash contributions included above

    $118,144

  • 2a · Program service revenue: PROGRAM FEES

    total $452,759 · related or exempt $452,759

  • 2b · Program service revenue: CEF DUES

    total $161,167 · related or exempt $161,167

  • 3 · Investment income

    total $272,701 · excluded $272,701

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $86,443 · excluded $86,443

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 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

    $729,483

  • 10b · Cost of goods sold

    $259,426

  • 10c · Net income from sales of inventory

    total $470,057 · related or exempt $470,057

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $8,966 · related or exempt $8,966

  • 11e · Other revenue, total

    $8,966

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 $632,089 · program services $632,089

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $599,149 · program services $348,781 · management and general $235,494 · fundraising $14,874

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,791,294 · program services $1,042,762 · management and general $704,064 · fundraising $44,468

  • 8 · Pension plan contributions

    total $64,357 · program services $37,464 · management and general $25,295 · fundraising $1,598

  • 9 · Other employee benefits

    total $193,536 · program services $112,663 · management and general $76,069 · fundraising $4,804

  • 10 · Payroll taxes

    total $162,272 · program services $94,463 · management and general $63,781 · fundraising $4,028

  • 11a · Fees: management

    total $554,396 · program services $394,054 · management and general $157,017 · fundraising $3,325

  • 11b · Fees: legal

    total $2,050 · management and general $2,050

  • 11c · Fees: accounting

    total $58,000 · management and general $58,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $4,736 · program services $479 · management and general $3,934 · fundraising $323

  • 14 · Information technology

    total $210,382 · program services $42,679 · management and general $112,599 · fundraising $55,104

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $89,037 · program services $51,830 · management and general $34,996 · fundraising $2,211

  • 17 · Travel

    total $245,837 · program services $231,621 · management and general $14,216

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $538,604 · program services $534,006 · management and general $4,598

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $80,662 · program services $73,533 · management and general $7,129

  • 23 · Insurance

    total $82,015 · management and general $82,015

  • 24a · Other expenses: POSTAGE & PRINTING

    total $202,278 · program services $828 · management and general $14,889 · fundraising $186,561

  • 24b · Other expenses: BURKETT LICENSING AGREEMENT

    total $121,040 · program services $121,040

  • 24c · Other expenses: BANK FEES

    total $93,467 · management and general $93,467

  • 24d · Other expenses: TAXES & LICENSES

    total $17,861 · management and general $17,861

  • 24e · All other expenses

    total $46,380 · program services $4,457 · management and general $41,145 · fundraising $778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $903,279 · end of year $740,200

  • 2 · Savings and temporary cash investments

    beginning of year $11,186 · end of year $15,739

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $194,321 · end of year $134,466

  • 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 $31,845 · end of year $39,825

  • 9 · Prepaid expenses and deferred charges

    beginning of year $135,747 · end of year $272,039

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

    $148,451

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

    $125,626

  • 10c · Land, buildings and equipment, net

    beginning of year $33,243 · end of year $22,825

  • 11 · Investments: publicly traded securities

    beginning of year $5,328,693 · end of year $5,753,846

  • 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 $1,185,545 · end of year $1,067,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $993,991 · end of year $1,105,826

  • 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 $1,059,897 · end of year $991,787

  • 27 · Net assets without donor restrictions

    beginning of year $5,342,545 · end of year $5,343,422

  • 28 · Net assets with donor restrictions

    beginning of year $427,426 · end of year $604,908

Mission and programs · 2024

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.

  • Crown Solutions (CS) - CS advances Crown's mission in three main areas. The first is Awareness, which is mainly accomplished through 1,427 terrestrial radio stations and outlets and reaching a potential 7,341,700 listeners. The second area is Coaching, where Crown's Budget Coaching, Career Direct, and "YES Assessment" help individuals achieve their financial goals. The third area is Community, where Crown serves underserved urban communities, works with international partners in approximately 100 nations, and a Farm and Flourish program delivering solutions for small-scale farmers in sub-Saharan Africa move from dependency to self-sustainability.

    Expenses $2,567,689 · Grants $619,039 · Revenue $472,470

  • Christian Economic Forum (CEF) - A global forum that assembles high-capacity individuals to discuss economic topics and identify appropriate responses. CEF uses a membership model that provides a vehicle for members to interact throughout the year, continue discussions and initiatives discussed at annual events, and identify new areas for collaborative efforts. Currently, CEF has grown to include over 400 members. CEF offers several events throughout the year including a large annual Global Event, Regional Summits, and other Member Meetups.

    Expenses $931,339 · Revenue $613,737

  • Crown Solutions Spanish (CSS) - CSS supports ministries in the Latin Community in the United States as well as countries throughout Latin America. Through the use of workshops, seminars, and interactive sessions, CSS teaches participants valuable insights into their abilities and potential through the use of Crown's teaching resources.

    Expenses $223,721 · Grants $13,050 · Revenue $6,742

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

Listed in Part VII

  • Chuck Bentley

    CEO

    Total calculated
    $237,556
    From this org
    $184,313
    From related orgs
    $0
    Other
    $53,243
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,058
    Bonus
    $26,342
    Other
    $12,913
    Deferred
    $11,801
    Nontaxable benefits
    $42,830
    Filer's total
    $238,944

  • Jerry Tregea

    CFO

    Total calculated
    $176,827
    From this org
    $150,745
    From related orgs
    $0
    Other
    $26,082
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $116,058
    Bonus
    $34,633
    Other
    $54
    Deferred
    $9,128
    Nontaxable benefits
    $18,068
    Filer's total
    $177,941

  • Handre DeJongh

    Managing Director of CS

    Total calculated
    $155,949
    From this org
    $132,274
    From related orgs
    $0
    Other
    $23,675
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,803
    Bonus
    $13,333
    Other
    $138
    Deferred
    $7,467
    Nontaxable benefits
    $17,322
    Filer's total
    $157,063

  • Sheila Thompson

    Chief Impact Analyst

    Total calculated
    $152,737
    From this org
    $132,380
    From related orgs
    $0
    Other
    $20,357
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,651
    Bonus
    $13,333
    Other
    $396
    Deferred
    $7,200
    Nontaxable benefits
    $14,271
    Filer's total
    $153,851

  • Frank Gonzalez

    Managing Director of CSS

    Total calculated
    $150,083
    From this org
    $129,029
    From related orgs
    $0
    Other
    $21,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,558
    Bonus
    $15,333
    Other
    $138
    Deferred
    $4,600
    Nontaxable benefits
    $17,568
    Filer's total
    $151,197

  • Grant Webster

    Managing Director of CEF

    Total calculated
    $146,053
    From this org
    $129,099
    From related orgs
    $0
    Other
    $16,954
    Hours/week
    50

  • Tracey Fries

    Chief of Staff

    Total calculated
    $143,142
    From this org
    $132,881
    From related orgs
    $0
    Other
    $10,261
    Hours/week
    50

  • Ryan Paul

    Chief of Strategy

    Total calculated
    $133,459
    From this org
    $112,043
    From related orgs
    $0
    Other
    $21,416
    Hours/week
    50

  • Phil Clemens

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Joe Panter

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Stuart Nordberg

    Treasurer/Chair

    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

  • Ruth Morales

    Director

    Total calculated
    $0
    Hours/week
    1

  • Doug Hundt

    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. SIMILAR CIRCUMSTANCES OCCASIONALLY TAKE PLACE FOR OTHER LEADERS THAT TRAVEL FREQUENTLY. IN EACH INSTANCE WHERE A SPOUSE JOINED A TRIP, THERE WAS A LEGITIMATE BUSINESS PURPOSE. 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 AN OFFICER WHO IS AN ORDAINED MINISTER. THE HOUSING ALLOWANCE IS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES UPON APPROVAL.
PART I, LINE 7
CHUCK BENTLEY AND JERRY TREGEA RECEIVED A BONUS DURING THE YEAR. Jerry Tregea received a second bonus relating to taxes incurred from the security costs referenced in last year's 990. Additionally, A FEW EMPLOYEES RECEIVED LENGTH OF SERVICE BONUSES AS WELL.

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
16 February 2026
IRS schema version
2024v5.2
Source object
202503459349300825

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