2019-05-13T12:44:14-05:00 2018-12-31 621046406 JOHNSON HICKEY & MURCHISON PC 2215 OLAN MILLS DRIVE CHATTANOOGA TN 37421 990 2018-01-01 620841438 PRECEPT MINISTRIES OF REACH OUT INC PREC 4238926814 P O BOX 182218 CHATTANOOGA TN 37422 DAVID ARTHUR CEO 6158926814 2019-05-13 1 DEAN KRECH P00296357 4237560052 64.88.174.3 2019-05-13 12:33:47 ED P 03DDD3A2DB8B99EBDE291B49A1E23A5A7EE85A51 1D01A1DBC1266D65781021D11847313AD9BDE0B1 2018 2019-02-21 02:37:17Z DAVID ARTHUR 7324 NOAH REID RD CHATTANOOGA TN 37422 13654689 0 X WWW.PRECEPT.ORG X 1970 TN RELIGIOUS AND EDUCATIONAL 8 7 88 0 0 0 7844404 8199942 430246 460874 39486 34624 3681843 3612009 11995979 12307449 2049170 3539860 0 0 5111818 4887034 398865 300506 1442327 4170787 3473057 11730640 12200457 265339 106992 8878000 8953880 351123 320011 8526877 8633869 ENGAGING PEOPLE IN RELATIONSHIP WITH GOD THROUGH KNOWING HIS WORD. 0 0 4924753 3425104 PRECEPT UPON PRECEPT: THE USE OF PRINTED MATERIALS, RADIO, TELEVISION, AND THE INTERNET TO PROMOTE AND CONDUCT PRECEPT BIBLE STUDIES. WE ESTIMATE THE REACH TO BE SEVERAL MILLION CONSUMERS ANNUALLY. 340401 460874 WORKSHOPS AND CONFERENCES CONSIST OF TRAINING INDIVIDUALS IN THE PRECEPT METHOD OF BIBLE STUDY AND THE CONDUCTING OF TOPICAL CONFERENCES, WE ESTIMATE OVER 300,000 ARE TRAINED ANNUALLY. 3539860 3539860 INTERNATIONAL MINISTRY PROGRAM CONSISTS OF SUPPORTING SERVICES FOR INDIGENOUS MISSIONARIES AND PRECEPT BIBLE STUDY GROUPS IN FOREIGN COUNTRIES. NEARLY 180 COUNTRIES, TRANSLATED INTO 70 LANGUAGES. 8805014 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL GA HI KY MD MA MN MS NH NM RI SC TN UT VA WV WI X X AARON SILVIOUS 4238926814 7324 NOAH REID ROAD CHATTANOOGA TN 37421 KAY ARTHUR BOARD MEMBER 40.00 X 131579 0 6859 KEN GUISE BOARD CHAIRMAN 2.00 X X 0 0 0 CARY HUMPHRIES BOARD MEMBER 2.00 X 0 0 0 STEVE STRAND BOARD VICE CHAIR 2.00 X X 0 0 0 MARILYN CRONE BOARD MEMBER 2.00 X 0 0 0 JOHN WILCOX BOARD MEMBER 2.00 X 0 0 0 JIM HARRIS BOARD MEMBER 2.00 X 0 0 0 ASHLEY FREER BOARD MEMBER 2.00 X 0 0 0 PETE DELACY VP CONTENT 40.00 X 161329 0 8898 DAVID ARTHUR CHIEF EXECUTIVE OFFICER 40.00 X 181083 0 26572 JOHN HOSSLER VP GLOBAL FUND DEVELOPMENT 40.00 X 126708 0 25504 ELAINE WATKINS CHIEF DEVELOPMENT OFFICER 40.00 X 130919 0 25509 KEN BOWERS EXECUTIVE DIRECTOR 40.00 X 181562 0 8797 OR CINGILLI VP OPERATIONS 40.00 X 144136 0 7157 COSTEL OGLICE VP GLOBAL MISSION 40.00 X 86674 0 21460 MIA OGLICE VP GLOBAL MISSION 40.00 X 91209 0 4883 STAN LATHAM VP DEVELOPMENT 40.00 X 103263 0 17321 1338462 0 152960 8 0 1 0 MASTERWORKS 19462 POWDER HILL PLACE NE POULSBO WA 98370 FUNDRAISING EXPENSE 300506 BELAIRE CATERING PO BOX 25339 CHATTANOOGA TN 37422 CATERING 217194 PATHWAY PRINTING PO BOX 3933 CLEVELAND TN 37320 PRINTING 206556 DIVERSIFIED PRINTING 3721 POWERS COURT CHATTANOOGA TN 37416 PRINTING 194558 HARVEST HOUSE PUBLISHING 990 OWEN LOOP NORTH EUGENE OR 97402 PUBLISHING 171908 8 1072200 7127742 228148 8199942 WORKSHOPS AND CONFERENC 611710 460874 460874 460874 35426 35426 147045 147045 39860 0 39860 39860 39860 227987 228198 591 -211 -591 -802 -802 0 1072200 0 0 4306800 1118451 3188349 3188349 MISCELLANEOUS 900099 236755 236755 236755 12307449 3885978 0 221529 3539860 3539860 1491422 760966 308812 421644 2732423 2031355 543365 157703 75795 50681 15459 9655 295827 241186 45747 8894 291567 183728 56206 51633 18848 18848 28000 28000 300506 300506 685923 542594 90818 52511 1266972 491248 546156 229568 187403 187403 487878 311867 47568 128443 135386 135362 24 243177 137931 62095 43151 150411 150411 DEVELOPMENT 155361 121357 2188 31816 TV AND RADIO AIRTIME 53407 53407 TAXES AND LICENSES 32729 25960 6769 MISCELLANEOUS EXPENSE 27562 16069 11483 10 12200457 8805014 1953116 1442327 4495191 5562589 1981180 744480 18737 11388 190488 253706 75340 99696 10381947 8385580 1805086 1996367 304929 278959 7049 6695 8878000 8953880 230058 182027 12000 109065 137984 351123 320011 X 8510534 8587369 16343 46500 8526877 8633869 8878000 8953880 106992 0 X 0 1 X 1 0 X 9167992 8168243 7410242 7844404 8199942 40790823 4930451 4833618 4440319 4338315 4767674 23310377 14098443 13001861 11850561 12182719 12967616 64101200 694759 243187 190219 148688 181850 1458703 0 694759 243187 190219 148688 181850 1458703 62642497 266642 210733 223330 217826 182471 1101002 266642 210733 223330 217826 182471 1101002 234771 213152 223867 233452 236545 1141787 14599856 13425746 12297758 12633997 13386632 66343989 0.94420 0.92260 0.01660 0.01700 X 63759 63759 6681749 5142392 1539357 3636439 3243188 393251 1996367 ANNUITIES PAYABLE 6695 LIABILITY FOR SELF-INSURANCE 36044 ACCRUED PAYROLL AND WITHHOLDINGS 95245 137984 X 12307449 0 12307449 0 12307449 12200457 0 12200457 0 12200457 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. UNDER THIS GUIDANCE, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION WITH TAXING AUTHORITIES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2018, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN ITS FINANCIAL STATEMENTS. THE RETURNS FOR THE YEARS OF 2015 AND BEYOND REMAIN SUBJECT TO EXAMINATION. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 187671 EAST ASIA AND THE PACIFIC 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 111413 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM, FUND-RAISING, G&A TOURS, CLASSES, WORKSHOPS, CONFERENCES & CAMPS 869191 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM, FUND-RAISING, G&A TOURS, CLASSES, WORKSHOPS, CONFERENCES & CAMPS 247610 NORTH AMERICA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 24237 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 1006149 SOUTH AMERICA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 689556 SOUTH ASIA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 153277 SUB-SAHARAN AFRICA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 250756 0 0 0 0 0 0 3289104 250756 3539860 CENTRAL AMERICA AND THE CARIBBEAN (BAHAMAS) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 35736 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN (GUATEMALA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 9712 WIRE TRANSFER EAST ASIA AND THE PACIFIC (TAIWAN) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 14044 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (FINLAND) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 636 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (GERMANY) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 22740 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (ITALY) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 37352 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (PORTUGAL) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 12240 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (ROMANIA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 175554 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (UK (ENGLAND)) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 11690 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) (UK (N IRELAND)) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 55630 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA (ISRAEL) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 21700 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA (ISRAEL) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 41040 WIRE TRANSFER NORTH AMERICA (CANADA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 24237 WIRE TRANSFER RUSSIA AND NEIGHBORING STATES (MOLDOVA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 534883 WIRE TRANSFER SOUTH AMERICA (BRAZIL) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 453844 WIRE TRANSFER SOUTH AMERICA (COLOMBIA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 19800 WIRE TRANSFER SOUTH AMERICA (PERU) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 30638 WIRE TRANSFER SOUTH ASIA (INDIA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 115300 WIRE TRANSFER SUB-SAHARAN AFRICA (SOUTH AFRICA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 66300 WIRE TRANSFER SUB-SAHARAN AFRICA (SOUTH AFRICA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 121816 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS CENTRAL AMERICA AND THE CARIBBEAN 4 142223 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS EAST ASIA AND THE PACIFIC 2 97369 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS EUROPE (INCLUDING ICELAND AND GREENLAND) 11 553348 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS MIDDLE EAST AND NORTH AFRICA 4 184870 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS RUSSIA AND NEIGHBORING STATES 5 471266 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS SOUTH AMERICA 11 185274 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS SOUTH ASIA 3 37977 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES, CAMPS SUB-SAHARAN AFRICA 1 62640 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: PRECEPT MINISTRIES SENDS WIRE TRANSFERS TO GLOBAL PARTNER (AFFILIATED) ORGANIZATIONS AND INDIVIDUALS ON A MONTHLY AND QUARTERLY BASIS. FUNDING LEVELS ARE DETERMINED THROUGH AN ANNUAL FUNDING REQUEST PROCESS WHICH INFORMS PRECEPT'S ANNUAL BUDGET FOR GLOBAL PARTNER FUNDING. MONEY SENT TO GLOBAL PARTNERS FUNDS COMPENSATION FOR COUNTRY DIRECTORS AND STAFF, BIBLE STUDY LEADER TRAINING FACILITIES, TRANSLATION OF PRECEPT BIBLE STUDY MATERIALS, AS WELL AS CONFERENCES AND EVENTS. RECEIPTS SUPPORTING NON-COMPENSATION RELATED EXPENDITURES ARE REQUIRED TO BE SUBMITTED TO PRECEPT MINISTRY INTERNATIONAL'S HEADQUARTERS. ALL NEW INDIVIDUALS AND ORGANIZATIONS RECEIVING FUNDING ARE VETTED THROUGH THE OFFICE OF FOREIGN ASSET CONTROL (OFAC) OF THE U.S. TREASURY SERVICE. ALL ORGANIZATIONS AND INDIVIDUALS RECEIVING FUNDING ARE REVIEWED AND RENEWED ON AN ANNUAL BASIS. AFFILIATED MINISTRY ORGANIZATIONS ARE REQUIRED TO SEND QUARTERLY AND ANNUAL FINANCIAL STATEMENTS IN SUPPORT OF THEIR OPERATIONS. PRECEPT MINISTRIES INTERNATIONAL CONDUCTS VARIOUS TRIPS TO AFFILIATED ORGANIZATIONS THROUGHOUT THE YEAR ASSISTING WITH THE DEVELOPMENT OF MINISTRY OPERATIONS AND OBSERVING MINISTRY ACTIVITY AND THE USE OF FUNDS. X X X X X X 1 MASTERWORKS 19462 POWDER HILL PLACE NE POULSBO WA 98370 FUNDRAISING COUNSEL 0 1646912 300506 1346406 1646912 300506 1346406 AL AZ CA CT DE ID IL IN IA KS ME MI MO MT NE NV NJ NY OH OR TX VT DC WY ND RI GA WV SC HI CO MA KY NH NC VA TN SD NM MD FL OK MN WI AK UT LA WA MS PA COVE 480409 480409 CHATTANOOGA 541841 541841 3 49950 49950 1072200 1072200 X 1 1 X X X 0 0 0 0 0 0 0 0 0 PETE DELACY VP CONTENT 161329 0 0 0 0 0 8168 0 730 0 170227 0 0 0 DAVID ARTHUR CHIEF EXECUTIVE OFFICER 181083 0 0 0 0 0 5631 0 20941 0 207655 0 0 0 JOHN HOSSLER VP GLOBAL FUND DEVELOPMENT 126708 0 0 0 0 0 0 0 25504 0 152212 0 0 0 ELAINE WATKINS CHIEF DEVELOPMENT OFFICER 130919 0 0 0 0 0 0 0 25509 0 156428 0 0 0 KEN BOWERS EXECUTIVE DIRECTOR 181562 0 0 0 0 0 0 0 8797 0 190359 0 0 0 OR CINGILLI VP OPERATIONS 144136 0 0 0 0 0 7157 0 0 0 151293 0 0 0 X 28 228098 MARKET VALUE 0 0 1 PART I, LINE 32B: USING MERRILL LYNCH, PRECEPT IMMEDIATELY SELLS STOCK DONATIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 DAVID ARTHUR-CEO PRECEPT MINISTRIES; SON OF KAY ARTHUR-BOARD MEMBER FORM 990, PART VI, SECTION B, LINE 11B A DRAFT WILL BE PRESENTED AND DISCUSSED WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL REVIEW AND PRESENT THE 990 TO THE FULL BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT AND THE BOARD OF DIRECTORS READ AND SIGN THE CONFLICT OF INTEREST STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARY RANGES ARE DETERMINED FROM JOB DESCRIPTIONS BY AN INDEPENDENT HUMAN RESOURCE FIRM BASED ON AGREED UPON CRITERIA. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.