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
Personnel at Precept
Name | Title | Compensation | Date of data |
---|
David Arthur | Chief Executive Officer | $199,900 | 2023-05-10 |
Cindi Finn | Chief Financial Officer | $126,395 | 2022-12-31 |
Mark Adams | Chief Technology Officer | $155,969 | 2022-12-31 |
Elaine Watkins | Chief Relationship Officer | $148,037 | 2022-12-31 |
Stan Latham | Vice President , Development / Vice President Development | $103,830 | 2021-12-31 |
...and 7 more key personnel |
Financials for Precept
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $9,787,104 | $12,377,723 | -20.9% |
Program services | $118,897 | $126,345 | -5.9% |
Investment income and dividends | $14,344 | $606 | 2267% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $124,188 | $128,415 | -3.3% |
Net rental income | $26,082 | $32,899 | -20.7% |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $-27,223 | $-99,660 | 72.7% |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $3,000,017 | $3,061,690 | -2% |
Miscellaneous revenues | $0 | $41,558 | -100% |
Total revenues | $13,043,409 | $15,669,576 | -16.8% |
Organizations like Precept
Organization | Type | Location | Revenue |
---|
e3 Partners Ministry | 501(c)(3) | Plano, TX | $18,768,956 |
Development and Literacy Partners International | 501(c)(3) | Dallas, TX | $22,201,592 |
East-West Ministries International | 501(c)(3) | Plano, TX | $19,204,558 |
Life Action Revival Ministries | 501(c)(3) | Buchanan, MI | $19,695,195 |
Ligonier Ministries | 501(c)(3) | Sanford, FL | $25,858,613 |
Messenger International | 501(c)(3) | Palmer Lake, CO | $7,054,114 |
Missionary Athletes International | 501(c)(3) | Charlotte, NC | $6,015,885 |
The Pocket Testament League | 501(c)(3) | Lititz, PA | $4,915,762 |
Catholic Leadership Institute | 501(c)(3) | Malvern, PA | $9,166,067 |
Luis Palau Association | 501(c)(3) | Portland, OR | $15,187,425 |
Data update history
August 25, 2024
Received grants
Identified 11 new grant, including a grant for $250,000 from Us Family Foundation February 3, 2024
Received grants
August 19, 2023
Received grants
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/Â
- Phone
- (800) 763-8280
- Facebook page
- precept.orgÂ
- Twitter profile
- @preceptministryÂ
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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