2021-06-01T01:58:01-00:00 2020-12-31 W Jerry Scarborough CPA PC Post Office Box 1111 Columbus GA 319021111 990 2020-01-01 030404660 REC Ministries RECM 7062560100 Post Office Box 8786 Columbus GA 319088786 Ronald E Cottle Sr President 2021-06-01 true Ronald E Cottle Sr XXX-XX-XXXX W Jerry Scarborough P01415811 3344802080 2021-06-01 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Same Ronald E Cottle Sr 664 Sweetwater Drive Cataula GA 31804 125111 false X www.roncottleministries.com X 2002 GA To spread the Good News of Jesus Christ through preaching, teaching, revivals, print materials, etc. The ministry is directed by Dr. Ronald E. Cottle, Sr., a former pastor, teacher, and evangelist of many years. 4 1 2 0 141026 82462 0 67183 19933 9491 21882 217700 124277 13652 13100 0 150463 157824 0 0 150234 145704 314349 316628 -96649 -192351 1645441 1751244 298154 1645441 1453090 X REC Ministries was founded in April, 2002. The ministrys purpose is to spread the Good News of Jesus Christ throughout the world. Please see Schedule O for a more detailed listing of ministry activities. false false 316628 13100 124277 REC Ministries is the personal ministry of Ronald E. Cottle, Sr. During the year 2020, his travels to preach and teach Gods Word was greatly reduced due to the sickness and passing of his helpmate of many years, Joanne Cottle. Her passing has left a huge void in the worldwide ministry of REC. Dr. Cottle has written many books and is in demand throughout the world to preach and teach the whole counsel of God. Recently, Dr. Cottle has been asked to assist struggling ministries in various churches throughout the southeast, possibly leading them to refinance debt, install a new pastor, oversee efforts to grow the church, etc. 316628 true false false false false false false false false false true false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true X 13 0 true 2 true false false false false false false false false false false false false false X 4 1 true false false false false false false true true false false true true true true false false false false false GA X Mr Barry Thomas 7066813509 6300 Veterans Parkway Columbus GA 31904 X Mr Roman Cottle Trustee/Vice President 003.00 X X X X 79061 0 0 Dr Ronald E Cottle Sr Trustee/President 040.00 X X X X 72600 0 0 Rev Thomas Hale Trustee/CEO 010.00 X X X 0 0 0 Mr Ronnie Cottle Trustee/Sec Treasurer 003.00 X X X 0 0 0 151661 false false false NA X 82462 82462 19933 1651 12665 12665 12665 2250 834 1416 Gain on sale of Warner Robins property 531390 6150 6150 124277 X 13100 13100 0 0 0 79661 79661 0 0 0 72000 72000 6163 6163 0 0 7000 7000 0 0 0 793 793 4520 4520 4835 4835 0 37831 37831 1057 1057 0 783 783 0 0 34276 34276 24093 24093 Outside services - 1099s submitted where required 21515 21515 Bank charges - 1,332 Radio station - 880 2212 2212 Vehicle expense - net of personal reimbursement 6596 6596 Other costs and expenses 193 193 0 316628 316628 0 0 X 104807 75623 232001 509749 1737390 571518 1308633 1165872 1645441 1751244 298154 0 298154 X 1645441 1453090 1645441 1453090 1645441 1751244 -192351 X false false false X 164600 197946 177900 141026 82462 763934 164600 197946 177900 141026 82462 763934 763934 30349 121776 42314 76674 41815 312928 1076862 0.70940 0.71050 X false 393000 393000 1082459 354753 727706 7000 6571 429 192289 147552 44737 62642 62642 1165872 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Due Dr Cottle for reimbursement of studio expenses paid in 2021, see Schedule O 1000 SBA loan related to COVID, see Schedule O 151900 PPP loan related to COVID forgiveness not yet determined, see Scedule O 16667 Deferred gain, see Schedule O 128587 298154 true John P Kelly Ministries P O Box 820067 Ft Worth TX 76182 722867708 501c3 13000 Ministry assistance 1 Form 990, Part III, Line 1 The ministry of REC Ministries includes the teaching and preaching ministry of Ronald E Cottle Sr of Catuala, GA. In past years, Dr Cottle would travel all across America to reach others for Christ. However, in 2020, due to the COVID pandemic and the illness and passing of his sweet wife of many years, Dr Cottle traveled very little. Instead, most of the teaching and preaching minsitry was done virtual and on Facebook. The move in a prior year of all the REC studio equipment, etc. to the basement of their home turned out to be a real blessing in 2020 due to the travel and other restrictions. Over the past several years, Dr Cottle also has helped many struggling churches by helping them with spiritual and financial guidance. In several cases, due to foreclosures, REC Ministries would purchase the property and work with the present pastor and people, or a new ministry, to repurchase the property with the idea that one day they might be able to reestablish their ministry with a strong local fellowship. Form 990, Part III, Line 4a The ministry of REC Ministries, its people and its many followers were saddened when the precious wife of Dr. Cottle, Joanne Cottle, went to be with Jesus on October 13. Her passing leaves a huge void, no doubt. She was an active board member and for many years, actively participated in the ministry, including the necessary steps of proof reading the many items created by the ministry on an annual basis. To some extent, Mr. Barry Thomas has been hired to fill in where he can. Additionally, as explained on the 2019 Form 990, the ministry, REC Ministries provides the spiritual covering for a small Christian ministry in the country of Nepal, led by Shashi Bhandari. During the current year 2020, less than 6,000 was received for the ministry and every penny given was sent to Nepal to further that small work for God. Form 990, Part V, Line 1a In 2020, several individuals were contracted to help with filming, teaching, ghost-writing, etc. Where required, proper reports were filed with the IRS 1099s, etc.. These amounts are reflected on Line 24a of Part IX in this return. Form 990, Part VI, Section B, Line 12a REC Ministries does have a Conflict of Interest policy in place. It is consistent with the policy recommended by the IRS. Form 990, Part VI, Section C, Line 20 As mentioned above, Barry Thomas has been hired to take on some of the responsibilies that Joanne Cottle so efficiently did in prior years. Form 990, Part VII, Section A, Line 1a The amount shown as reportable compensation for Dr Cottle in the amount of 72,600 is mostly housing allowance. Due to the cash shortage REC has sustained over the past several years, his salary had been significately reduced. His housing is separately shown on part IX, line 9, as employee benefits. Form 990, Part VIII, Line 6a As explained above, in a prior year, REC Ministries acquired the real estate assets of a church in Warner Robbins, GA. For about six months in 2020, the facility was rented by the fellowship and this gross rent amount is shown on line 6a of Part VIII. Form 990, Part VIII, Line 11a In the middle of 2020, the fellowship was strong enough to purchase the property and REC Ministries financed the purchase due to their lack of funding ability. The agreement gives the purchaser two years to acquire the long-term financing at an interest rate of 5. Until the refinancing is obtained, the books and records of REC Ministries reflect the sale and the gain is reportable as an installment sale. Consequently, the unreported gain on the sale is reflected as a liability on the balance sheet and shown as deferred gain. The portion of gain reportable in 2020 is 6,150, plus interest. Form 990, Part IX, Line 9 The amount shown on line 9 represents housing allowance paid to Dr Cottle for 2020. Form 990, Part IX, Line 16 As explained in the tax return filed for 2019 and referenced above, the full downstairs of the Cottle home now houses the complete ministry of REC Ministries. The downstairs represents 27 of the total square footage of the home and includes a bedroom for visting teachers/preachers, a recording studio, and a ministry library. The CPA determines the reimbursment for expenses each year. Additionally, any costs and expenses appllicable to the bottom floor are not used to determine housing related expenses. In 2020, the amount of reimbursement was 14,520. Form 990, Part IX, Line 24a In 2020, approximately 21,500 was paid to contractors, ghost writers, teachers, etc. Where required, Forms 1099 were issued to each recipient. Form 990, Part X, Line 7 As explained above, the ministry presently is financing the purchase of two church facilities. A church in Meridian, MS as well as in Warner Robbins, GA. The balance due from each is recorded as an asset on the balance sheet. Form 990, Part X, Line 25 During the COVID pandemic, REC Ministries obtained a loan from the Small Business Association SBA in the amount of 151,900. Terms and conditions call for amortization to begin in the summer of 2021. This amount is shown as a liability on the balance sheet. Additionally, in 2020, REC Ministries obtained a PPP loan in the amount of 16,667. As of the date of the filing, formal forgiveness has not been obtained. Accordingly, this amount is shown as a liability on the balance sheet as well.