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← PRACTICE MINISTRIES

Form 990 for tax year 2022

Filed by PRACTICE MINISTRIES.

Totals

Total revenue
$290,283
Total expenses
$277,909
Contributions and grants received
$291,211
Grants paid
$100
Program service revenue
$0
Investment income
-$928
Other revenue
$0
Total assets, end of year
$467,236
Total liabilities, end of year
$3,185
Net assets or fund balances, end of year
$464,051
Program services expenses (Part IX)
$256,191
Management and general expenses
$17,374
Fundraising expenses
$4,344
Program service expenses (Part III)
$256,191

Program services were 92.2% 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

    $291,211

  • 3 · Investment income

    total $4,225 · excluded $4,225

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $44,783

  • 7b · Less cost or other basis and sales expenses

    securities $49,936

  • 7c · Gain or loss

    securities -$5,153

  • 7d · Net gain or loss

    total -$5,153 · excluded -$5,153

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100 · program services $100

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $91,616 · program services $82,454 · management and general $7,330 · fundraising $1,832

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $77,500 · program services $69,750 · management and general $6,200 · fundraising $1,550

  • 8 · Pension plan contributions

    total $5,074 · program services $4,567 · management and general $406 · fundraising $101

  • 9 · Other employee benefits

    total $244 · program services $220 · management and general $19 · fundraising $5

  • 10 · Payroll taxes

    total $12,937 · program services $11,643 · management and general $1,035 · fundraising $259

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $436 · program services $392 · management and general $35 · fundraising $9

  • 11c · Fees: accounting

    total $1,734 · program services $1,561 · management and general $138 · fundraising $35

  • 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 $3,376 · program services $3,038 · management and general $270 · fundraising $68

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $5,008 · program services $4,507 · management and general $401 · fundraising $100

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $389 · program services $350 · management and general $31 · fundraising $8

  • 23 · Insurance

    total $0

  • 24a · Other expenses: International Support

    total $60,523 · program services $60,523

  • 24b · Other expenses: Contact Meetings

    total $5,090 · program services $4,581 · management and general $407 · fundraising $102

  • 24c · Other expenses: Printing and Publications

    total $4,309 · program services $3,878 · management and general $345 · fundraising $86

  • 24d · Other expenses: Bank Fees

    total $3,560 · program services $3,204 · management and general $285 · fundraising $71

  • 24e · All other expenses

    total $6,013 · program services $5,423 · management and general $472 · fundraising $118

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,820 · end of year $19,026

  • 2 · Savings and temporary cash investments

    beginning of year $425,907 · end of year $445,526

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,684 · end of year $2,684

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $1,751

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

    $1,751

  • 10c · Land, buildings and equipment, net

    beginning of year $389 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,014 · end of year $1,765

  • 25 · Other liabilities

    beginning of year $4,110 · end of year $1,420

  • 29 · Capital stock, trust principal or current funds

    beginning of year $451,677 · end of year $464,051

Mission and programs · 2022

Mission

Practice Ministries is all about dads and kids doing Bible study together with other dads and their sons or daughters. It's about putting God's word into practice together while having a lot of fun doing it.

  • Practice Ministries continues to establish and continue Bible studies for dads and their children (primarily grades 3-9). These Bible studies are primarily in Texas, but each year there are downloads from all 50 United States and over 100 countries from our website.

    Expenses $195,668

  • International Support: The PM Translation Center helps pay for translations of PM lesson series, as well as print and distribution of PM materials to pastors who do not have the financial resources to provide discipleship materials for their churches and communities, primarily in areas where access to the internet is limited. PM currently has translations of our lesson series underway in 20 languages.PM also helps provide our lesson series, food, and transportation for PM conference participants in 10 African countries. These conferences help teach pastors and fathers how to disciple their children by doing Bible studies together.

    Expenses $60,523

As filed on the 2022 return.

Listed in Part VII

  • William P Zukoski

    Co-founder

    Total calculated
    $91,616
    From this org
    $91,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Brant Bernet

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Casey Gurganus

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Taylor Hunt

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Pete Jones

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Bob Lilly Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • David Roosevelt

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Mike Lewis

    Emeritus

    Total calculated
    $0
    Hours/week
    0
  • Cory Albracht

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Ray Nixon

    Emeritus

    Total calculated
    $0
    Hours/week
    0
  • Brad Bunnett

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Charlie Burford

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Michael Denton

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Scott Shuford

    Emeritus

    Total calculated
    $0
    Hours/week
    0
  • Jimmy Crain

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Rob Langley

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Doug Prieto

    Trustee

    Total calculated
    $0
    Hours/week
    0
  • Michael Swaldi

    Trustee

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202331329349302983

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