2012-04-25T09:42:11-05:00 2011-12-31 621046406 JOHNSON HICKEY & MURCHISON PC 651 E 4TH ST STE 200 CHATTANOOGA TN 37403 990 2011-01-01 620841438 PRECEPT MINISTRIES OF REACH OUT INC PREC 4238926814 P O BOX 182218 CHATTANOOGA TN 37422 DAVEY SOLOMON 6158926814 2012-04-24 1 DEAN KRECH P00296357 4237560052 2011 2016-02-24 21:20:13Z DAVEY SOLOMON 7324 NOAH REID RD CHATTANOOGA TN 37422 15579975 0 X WWW.PRECEPT.ORG X 1970 TN RELIGIOUS AND EDUCATIONAL 6 4 164 0 0 0 7174168 7834424 2480981 1905064 13155 9987 4192949 4258529 13861253 14008004 879318 978832 0 0 6424163 5586207 0 0 1566019 6077393 4957321 13380874 11522360 480379 2485644 9870934 11883889 1383581 911216 8487353 10972673 TO ESTABLISH PEOPLE IN GOD'S WORD. 0 0 4965301 5066982 PRECEPT UPON PRECEPT THE USE OF PRINTED MATERIALS, RADIO, AND TELEVISION TO PROMOTE AND CONDUCT PRECEPT BIBLE STUDIES. WE ESTIMATE 433,936 USERS ANUALLY. 898137 829529 WORKSHOPS AND CONFERENCES CONSISTS OF TRAINING INDIVIDUALS IN THE PRECEPT METHOD OF BIBLE STUDY AND THE CONDUCTING OF TOPICAL CONFERENCES, 321,369 TRAINED ANNUALLY. 2488323 INTERNATIONAL MINISTRY PROGRAM CONSISTS OF SUPPORTING SERVICES FOR MISSIONARIES AND PRECEPT BIBLE STUDY GROUPS IN FOREIGN COUNTRIES. OVER 150 COUNTRIES, TRANSLATED INTO 70 LANGUAGES. 8351761 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 26 0 1 164 1 0 0 0 0 0 1 1 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN AK AZ CO FL GA KY LA MD MN MS NH NM NC OK UT VA WA WV WI X DAVEY SOLOMON 4238926814 7324 NOAH REID ROAD CHATTANOOGA TN 37421 JACK ARTHUR 40.00 X X 45308 0 2273 KAY ARTHUR 40.00 X X 45308 0 2273 REBECCA PRICE 2.00 X 0 0 0 KRISS CLONINGER III 2.00 X 0 0 0 FELTON MAUGHON 2.00 X 0 0 0 KENT PETZOLD 2.00 X 0 0 0 PETE DELACY 40.00 X 142257 0 7161 TOM HALL 40.00 X 245151 0 12409 DAVEY SOLOMON 40.00 X 135390 0 6293 JOHN WAGONER 40.00 X 104825 0 5462 DAVID ARTHUR 40.00 X 121861 0 6388 ANDRE DUVAL 40.00 X 103146 0 5393 943246 0 47652 6 0 1 0 KMA DIRECT COMMUNICATIONS 7160 DALLAS PARKWAY SUITE 400 PLANO TX 75024 DIRECT MAIL 621896 UPS LOCKBOX 577 CAROL STREAM IL 601320577 MAILING ORDERS 293325 COVENANT ADMINISTRATORS PO BOX 105738 ATLANTA GA 303485738 INSURANCE 291968 DIVERSIFIED PRINTING 3721 POWERS COURT CHATTANOOGA TN 37416 PRINTING 266208 BELAIRE CATERING PO BOX 25339 CHATTANOOGA TN 37422 FOOD SERVICES 233123 11 7834424 166742 7834424 WORKSHOPS AND CONFEREN 611710 1905064 1905064 1905064 11855 11855 244282 244282 164874 166742 -1868 -1868 -1868 5358604 1405229 3953375 3953375 MISCELLANEOUS 900099 38072 38072 REAL PROPERTY RENTAL 531110 22800 22800 60872 14008004 5896511 0 277069 978832 978832 921982 300490 468137 153355 3480056 2729734 428048 322274 168262 137128 19704 11430 674530 472553 127719 74258 341377 244548 60459 36370 16264 16264 27910 27910 1017515 580061 142745 294709 1447902 777762 96168 573972 177574 177574 454519 378203 22787 53529 266346 266346 429661 324828 62269 42564 108272 3000 105272 TOURS 805037 805037 TV AND RADIO AIRTIME 104560 104560 PROFESSIONAL DEVELOPMEN 52057 49001 2277 779 MISCELLANEOUS EXPENSE 31356 18319 12382 655 18348 3785 12439 2124 11522360 8351761 1604580 1566019 6283482 8234164 22081 21258 317479 331008 116283 168411 11433166 8379066 3053396 3054100 27206 22078 51007 52870 9870934 11883889 436065 447322 217373 234549 730143 229345 1383581 911216 X 7956801 10638639 530552 334034 8487353 10972673 9870934 11883889 X 2485644 -324 X X 0 1 1 X 0 X 8715721 7528803 7525478 7174168 7834424 38778594 7540707 6950230 8057505 7739756 7263668 37551866 16256428 14479033 15582983 14913924 15098092 76330460 514500 208352 326150 204940 151935 1405877 0 514500 208352 326150 204940 151935 1405877 74924583 287191 332826 280351 254070 256137 1410575 287191 332826 280351 254070 256137 1410575 82336 207890 106821 169694 60872 627613 16625955 15019749 15970155 15337688 15415101 78368648 0.95610 0.95270 0.01800 0.01860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63759 63759 6485405 4037589 2447816 4884002 4341477 542525 3054100 ANNUITIES PAYABLE 17677 LIABILITY FOR SELF-INSURANCE 60075 ACCRUED PAYROLL AND WITHHOLDINGS 151593 229345 14008004 11522360 2485644 -324 -324 2485320 14007680 -324 -324 14008004 0 14008004 11522360 0 11522360 0 11522360 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 (FORMERLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES) ON JANUARY 1, 2009. UNDER ASC 740-10-25, 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 IMPLEMENTATION OF ASC 740-10-25 HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. NO INTEREST OR PENALTIES WERE ACCRUED AS OF JANUARY 1, 2009, AS A RESULT OF THE ADOPTION OF ASC 740-10-25. FOR THE YEAR ENDED DECEMBER 31, 2011, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN ITS FINANCIAL STATEMENTS. 0 CENTRAL AMERICA AND CARIBBEAN 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 148607 EAST ASIA AND PACIFIC 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 73082 EUROPE 0 0 PROGRAM, FUND-RAISING, G&A TOURS, CLASSES, WORKSHOPS, CONFERENCES & CAMPS 277855 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM, FUND-RAISING, G&A TOURS, CLASSES, WORKSHOPS, CONFERENCES & CAMPS 55653 NORTH AMERICA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 19300 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 87234 SOUTH AMERICA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 230485 SOUTH ASIA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 32375 SUB-SAHARAN AFRICA 0 0 PROGRAM, FUND-RAISING, G&A CLASSES, WORKSHOPS, CONFERENCES & CAMPS 54241 0 0 0 0 0 0 924591 54241 978832 X SOUTH AMERICA (COLOMBIA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 14670 WIRE TRANSFER SOUTH AMERICA (BRAZIL) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 69224 WIRE TRANSFER NORTH AMERICA (CANADA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 12300 WIRE TRANSFER EUROPE (NORTHERN IRELAND) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 25887 WIRE TRANSFER EUROPE (UK) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 11572 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN (BAHAMAS) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 3704 WIRE TRANSFER EUROPE (ROMANIA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 138415 WIRE TRANSFER EUROPE (GERMANY) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 27000 WIRE TRANSFER EUROPE (SCOTLAND) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 1947 WIRE TRANSFER SOUTH ASIA (INDIA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 24175 WIRE TRANSFER SUB-SAHARAN AFRICA (SOUTH AFRICA) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 46741 WIRE TRANSFER EAST ASIA AND THE PACIFIC (HONG KONG) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 6000 WIRE TRANSFER EAST ASIA AND THE PACIFIC (NEW ZEALAND) CLASSES, WORKSHOPS, CONFERENCES, CAMPS 1022 WIRE TRANSFER 5 0 CLASSES, WORKSHOPS, CONFERENCES CENTRAL AMERICA AND THE CARIBBEAN 10 144902 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES EAST ASIA AND THE PACIFIC 4 66060 WIRE TRANSFER TOURS, CLASSES, WORKSHOPS, CONFERENCES & CAMPS EUROPE 3 73035 WIRE TRANSFER TOURS, CLASSES, WORKSHOPS, CONFERENCES & CAMPS MIDDLE EAST AND NORTH AFRICA 2 55653 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES NORTH AMERICA 1 7000 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES RUSSIA AND THE NEWLY INDEPENDENT STATES 1 87234 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES SOUTH AMERICA 9 146591 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES SOUTH ASIA 2 8200 WIRE TRANSFER CLASSES, WORKSHOPS, CONFERENCES SUB-SAHARAN AFRICA 2 7500 WIRE TRANSFER 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 TOM HALL 245151 0 0 0 0 0 0 0 12409 0 257560 0 0 0 X 22 166742 MARKET VALUE 0 0 1 THIRD PARTY USE: PART I, LINE 32B: AS WE RECEIVE SECURITY DONATIONS, USING MERRILL LYNCH, WE IMMEDIATELY SELL THEM AT FAIR MARKET VALUE. FORM 990, PART VI, SECTION A, LINE 2 JACK ARTHUR-BOARD MEMBER-EMPLOYED AT PRECEPT MINISTRIES; MARRIED TO KAY ARTHUR KAY ARTHUR-BOARD MEMBER-EMPLOYED AT PRECEPT MINISTRIES; MARRIED TO JACK ARTHUR DAVID ARTHUR-EXECUTIVE VICE PRESIDENT AT PRECEPT MINISTRIES; SON OF JACK ARTHUR AND KAY ARTHUR FORM 990, PART VI, SECTION B, LINE 11 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -324. FORM 990, PART XI, LINE 2C: THE FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. THEY ARE THEN REVIEWED BY THE AUDIT COMMITTEE.