EIN 62-0841438

Precept

IRS 501(c) type
501(c)(3)
Num. employees
89
Year formed
1970
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Precept Ministries International is an interdenominational Christian evangelical organization that hosts training workshops, conducts Bible studies, trains individuals to conduct Bible studies, offers study tours to biblical sites and Bible-conferences.
Also known as...
Precept Ministries of Reach Out; Precept Ministries International
Total revenues
$13,043,409
2022
Total expenses
$13,763,464
2022
Total assets
$10,493,085
2022
Num. employees
89
2022

Program areas at Precept

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.

Who funds Precept

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$398,550
Us Family FoundationGeneral Funding$250,000
National Christian Foundation / Natl Christian Charitable FDN IncGrowth$219,750
...and 29 more grants received totalling $1,511,858

Personnel at Precept

NameTitleCompensation
David ArthurChief Executive Officer$199,900
Cindi FinnChief Financial Officer$126,395
Mark AdamsChief Technology Officer$155,969
Elaine WatkinsChief Relationship Officer$148,037
Stan LathamVice President , Development / Vice President Development$103,830
...and 7 more key personnel

Financials for Precept

RevenuesFYE 12/2022
Total grants, contributions, etc.$9,787,104
Program services$118,897
Investment income and dividends$14,344
Tax-exempt bond proceeds$0
Royalty revenue$124,188
Net rental income$26,082
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-27,223
Net income from gaming activities$0
Net income from sales of inventory$3,000,017
Miscellaneous revenues$0
Total revenues$13,043,409

Form 990s for Precept

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-10990View PDF
2021-122022-10-06990View PDF
2020-122021-05-26990View PDF
2019-122020-09-25990View PDF
2018-122019-07-23990View PDF
...and 8 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 11 new grant, including a grant for $250,000 from Us Family Foundation
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $15,000 from Jerry and Muriel Caven Foundation
February 3, 2024
Received grants
Identified 12 new grant, including a grant for $219,750 from National Christian Foundation / Natl Christian Charitable FDN Inc
October 25, 2023
Received grants
Identified 2 new grant, including a grant for $40,000 from American Endowment Foundation
August 19, 2023
Received grants
Identified 21 new grant, including a grant for $393,100 from National Christian Foundation / Natl Christian Charitable FDN Inc
Nonprofit Types
CharitiesChurches
Issues
Religion
Characteristics
ReligiousChristianFundraising eventsOperates internationallyNational levelTax deductible donationsAccepts online donations
General information
Address
PO Box 182218
Chattanooga, TN 37422
Metro area
Chattanooga, TN-GA
County
Hamilton County, TN
Website URL
precept.org/ 
Phone
(800) 763-8280
Facebook page
precept.org 
Twitter profile
@preceptministry 
IRS details
EIN
62-0841438
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X20: Christian
NAICS code, primary
813110: Religious Organizations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0149951
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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