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Nonprofiteer
← PRECEPT MINISTRIES OF REACH OUT INC

Form 990 for tax year 2022

Filed by PRECEPT MINISTRIES OF REACH OUT INC.

Totals

Total revenue
$13,043,409
Total expenses
$13,763,464
Contributions and grants received
$9,787,104
Grants paid
$3,618,634
Program service revenue
$118,897
Investment income
$14,344
Other revenue
$3,123,064
Total assets, end of year
$10,493,085
Total liabilities, end of year
$740,258
Net assets or fund balances, end of year
$9,752,827
Program services expenses (Part IX)
$10,770,074
Management and general expenses
$2,136,244
Fundraising expenses
$857,146
Program service expenses (Part III)
$10,770,074

Program services were 78.3% 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.

  • 1c · Fundraising events

    $1,902,571

  • 1f · All other contributions, gifts and grants

    $7,884,533

  • 1g · Noncash contributions included above

    $701,997

  • 2a · Program service revenue: Workshops and Conferences

    total $118,897 · related or exempt $118,897

  • 3 · Investment income

    total $14,344 · excluded $14,344

  • 5 · Royalties

    total $124,188 · excluded $124,188

  • 6a · Gross rents

    real property $26,082

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $26,082

  • 6d · Net rental income or loss

    total $26,082 · excluded $26,082

  • 8a · Fundraising events: gross income

    $0

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

    $1,902,571

  • 8b · Fundraising events: direct expenses

    $27,223

  • 8c · Net income from fundraising events

    total -$27,223 · excluded -$27,223

  • 10a · Gross sales of inventory

    $4,122,108

  • 10b · Cost of goods sold

    $1,122,091

  • 10c · Net income from sales of inventory

    total $3,000,017 · related or exempt $3,000,017

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $3,618,634 · program services $3,618,634

  • 5 · Compensation of officers, directors and key employees

    total $1,086,736 · program services $798,122 · management and general $265,969 · fundraising $22,645

  • 7 · Other salaries and wages

    total $3,716,485 · program services $2,750,546 · management and general $568,097 · fundraising $397,842

  • 8 · Pension plan contributions

    total $130,828 · program services $95,834 · management and general $20,645 · fundraising $14,349

  • 9 · Other employee benefits

    total $389,608 · program services $292,507 · management and general $58,730 · fundraising $38,371

  • 10 · Payroll taxes

    total $367,195 · program services $271,552 · management and general $63,004 · fundraising $32,639

  • 11b · Fees: legal

    total $20,184 · program services $12,290 · management and general $7,732 · fundraising $162

  • 11c · Fees: accounting

    total $32,916 · program services $20,042 · management and general $12,610 · fundraising $264

  • 11g · Fees: other

    total $1,550,249 · program services $943,911 · management and general $593,895 · fundraising $12,443

  • 13 · Office expenses

    total $404,412 · program services $136,354 · management and general $96,971 · fundraising $171,087

  • 14 · Information technology

    total $1,171,083 · program services $1,051,794 · management and general $89,491 · fundraising $29,798

  • 15 · Royalties

    total $3,329 · program services $3,329

  • 16 · Occupancy

    total $166,961 · program services $132,684 · management and general $34,277

  • 17 · Travel

    total $221,160 · program services $132,335 · management and general $31,551 · fundraising $57,274

  • 22 · Depreciation, depletion and amortization

    total $254,408 · program services $140,135 · management and general $76,182 · fundraising $38,091

  • 23 · Insurance

    total $597,990 · program services $362,759 · management and general $208,613 · fundraising $26,618

  • 24a · Other expenses: Miscellaneous Expenses

    total $31,286 · program services $7,246 · management and general $8,477 · fundraising $15,563

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,861,664 · end of year $7,418,975

  • 4 · Accounts receivable

    beginning of year $928,141 · end of year $838,363

  • 8 · Inventories for sale or use

    beginning of year $238,245 · end of year $267,201

  • 9 · Prepaid expenses and deferred charges

    beginning of year $249,340 · end of year $260,149

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

    $11,182,868

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

    $9,474,471

  • 10c · Land, buildings and equipment, net

    beginning of year $1,709,750 · end of year $1,708,397

  • 17 · Accounts payable and accrued expenses

    beginning of year $514,258 · end of year $740,258

  • 27 · Net assets without donor restrictions

    beginning of year $10,472,882 · end of year $9,752,827

Mission and programs · 2022

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 $10,770,074 · Grants $3,618,634 · Revenue $3,118,914

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kay Arthur

    Cofounder & Board Member

    Total calculated
    $157,477
    From this org
    $149,826
    From related orgs
    $0
    Other
    $7,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,826
    Bonus
    $0
    Other
    $0
    Deferred
    $7,499
    Nontaxable benefits
    $152
    Filer's total
    $157,477

  • Steve Strand

    Board Chairman

    Total calculated
    $0
    Hours/week
    2

  • John Wilcox

    Board Vice Chair

    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

    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-Koegeleberg

    Board member

    Total calculated
    $0
    Hours/week
    2

  • David Arthur

    CEO; President

    Total calculated
    $226,445
    From this org
    $199,900
    From related orgs
    $0
    Other
    $26,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,900
    Bonus
    $0
    Other
    $0
    Deferred
    $10,289
    Nontaxable benefits
    $16,256
    Filer's total
    $226,445

  • Ken Bowers

    Executive Director

    Total calculated
    $211,430
    From this org
    $185,756
    From related orgs
    $0
    Other
    $25,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,756
    Bonus
    $0
    Other
    $0
    Deferred
    $9,671
    Nontaxable benefits
    $16,003
    Filer's total
    $211,430

  • Pete Delacy

    VP Content; Corporate Secretary

    Total calculated
    $180,599
    From this org
    $166,351
    From related orgs
    $0
    Other
    $14,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,351
    Bonus
    $0
    Other
    $0
    Deferred
    $8,365
    Nontaxable benefits
    $5,883
    Filer's total
    $180,599

  • Cindi Finn

    CFO

    Total calculated
    $132,959
    From this org
    $126,395
    From related orgs
    $0
    Other
    $6,564
    Hours/week
    40

  • Mark Adams

    Chief Technology Officer

    Total calculated
    $177,826
    From this org
    $155,969
    From related orgs
    $0
    Other
    $21,857
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,969
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,857
    Filer's total
    $177,826

  • Elaine Watkins

    Chief Relationship Officer

    Total calculated
    $166,036
    From this org
    $148,037
    From related orgs
    $0
    Other
    $17,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,037
    Bonus
    $0
    Other
    $0
    Deferred
    $7,626
    Nontaxable benefits
    $10,373
    Filer's total
    $166,036

  • Debbie Poe

    VP People Services

    Total calculated
    $132,204
    From this org
    $127,967
    From related orgs
    $0
    Other
    $4,237
    Hours/week
    40

  • Jeremy Lucarelli

    VP US Leader Development

    Total calculated
    $131,407
    From this org
    $108,470
    From related orgs
    $0
    Other
    $22,937
    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
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202311309349301801

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