Precept Ministries International

The information on this page was last updated 11/28/2022. If you see errors or omissions, please email: [email protected]


Summary

Life-changing intimacy with God is the heart of Precept. Since 1970, we've been equipping small group Bible Study Leaders who can help you discover the truth of Scripture for yourself, but not by yourself.


Contact information

Mailing address:
Precept Ministries International
PO Box 182218
Chattanooga, TN 37422

Website: www.precept.org

Phone: 1-800-763-8280

Email: [email protected]


Organization details

EIN: 620841438

CEO/President: David Arthur

Chairman: Steve Strand

Board size: 8

Founder: Jack and Kay Arthur

Ruling year: 2015

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1984


Purpose

To help people across the globe know God by knowing His Word, Precept recruits, equips, and resources Bible Study Leaders and study groups who take Scripture to their communities.


Mission statement

Our mission is to engage people in relationship with God through knowing His Word.


Statement of faith

The Scriptures: We believe (a) in the plenary verbal inspiration of the Word of God, and (b) that both the Old and New Testaments are inerrant in the original writings and are the supreme and final authority for faith and life.

The Godhead: We believe the Godhead exists in three Persons: Father, Son, and Holy Spirit. These three Persons are one God having precisely the same nature, attributes, and perfections.

The Lord Jesus Christ: We believe in (a) His eternal existence as God, (b) His Incarnation and Virgin Birth, (c) His death on the cross as the substitutionary atonement for sin, (d) His literal, bodily resurrection from the dead, (e) His present ministry of intercession in heaven, and (f) His personal, future return to earth.

The Holy Spirit: We believe that the Holy Spirit, the third Person of the Godhead, convicts men of sin, regenerates, baptizes, indwells, seals, and sets apart believers unto a holy life; that He keeps and empowers believers day by day; that He is the Teacher of the Word of God and the Guide for daily living.

Man: We believe that (a) man was created innocent and pure, and (b) Adam fell through the sin of disobedience. Therefore, (c) all men are corrupted in body, soul, and spirit; and (d) all men need redemption.

Salvation: We believe that (a) salvation is by grace, a free gift of God apart from works, (b) salvation involves repentance, a change of mind in respect to God and thus turning from one's own way to God's way, (c) salvation is through personal faith in the Lord Jesus Christ, (d) all who receive Jesus Christ are regenerated by the Holy Spirit and become the children of God, and (e) true salvation will be manifested by a changed life.

The Future: We believe (a) in the personal, visible, bodily return of Jesus Christ to earth, (b) in the bodily resurrection of the just to the eternal abode in the glory of God's presence, and (c) in the bodily resurrection of the unjust to judgment and everlasting punishment in the lake of fire.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating420 of 102124 of 52
Fund acquisition rating391 of 102422 of 53
Resource allocation rating637 of 102430 of 53
Asset utilization rating371 of 102120 of 52

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%6%10%10%18%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%7%7%12%13%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%79%73%65%67%65%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%6%7%6%12%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%21%27%35%33%35%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%77%72%72%72%71%
Spending ratio Spending ratio =
Total expenses /
Total revenue
88%75%107%111%99%98%
Program output ratio Program output ratio =
Program services /
Total revenue
69%58%77%80%72%69%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
12%25%-7%-11%1%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
20%37%-12%-17%1%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%17%21%22%16%16%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.761.081.481.621.361.32
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.381.181.301.341.291.26
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.321.271.922.181.761.66
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.8418.0474.7817.3338.1929.19
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.060.010.060.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.688.896.155.196.666.98
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%5%18%7%4%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
92%89%55%58%71%73%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$7,861,664$5,486,028$5,269,828$6,307,069$6,476,371
Receivables, inventories, prepaids$1,415,726$425,202$324,808$364,790$284,565
Short-term investments$0$324,076$306,133$278,959$304,929
Other current assets$0$0$0$0$0
Total current assets$9,277,390$6,235,306$5,900,769$6,950,818$7,065,865
Long-term investments$0$8,647$7,820$6,695$7,049
Fixed assets$1,709,750$1,857,110$2,019,960$1,996,367$1,805,086
Other long-term assets$0$0$0$0$0
Total long-term assets$1,709,750$1,865,757$2,027,780$2,003,062$1,812,135
Total assets$10,987,140$8,101,063$7,928,549$8,953,880$8,878,000
 
Liabilities20212020201920182017
Payables and accrued expenses$514,258$83,385$340,429$182,027$230,058
Other current liabilities$0$0$0$0$12,000
Total current liabilities$514,258$83,385$340,429$182,027$242,058
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$1,388,244$193,676$137,984$109,065
Total long-term liabilities$0$1,388,244$193,676$137,984$109,065
Total liabilities$514,258$1,471,629$534,105$320,011$351,123
 
Net assets20212020201920182017
Without donor restrictions$10,472,882$6,629,434$7,394,444$8,587,369$8,510,534
With donor restrictions$0$0$0$46,500$16,343
Net assets$10,472,882$6,629,434$7,394,444$8,633,869$8,526,877
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$12,377,723$8,241,196$7,551,716$8,199,942$7,844,404
Program service revenue$126,345$122,895$439,665$460,874$430,246
Membership dues$0$0$0$0$0
Investment income$606$18,633$36,097$34,624$39,486
Other revenue$3,164,902$2,846,294$3,589,213$3,612,009$3,681,843
Total other revenue$3,291,853$2,987,822$4,064,975$4,107,507$4,151,575
Total revenue$15,669,576$11,229,018$11,616,691$12,307,449$11,995,979
 
Expenses20212020201920182017
Program services$9,110,228$8,619,648$9,295,336$8,805,014$8,322,443
Management and general$2,004,622$2,547,621$2,786,144$1,953,116$1,865,502
Fundraising$711,278$826,759$774,636$1,442,327$1,542,695
Total expenses$11,826,128$11,994,028$12,856,116$12,200,457$11,730,640
 
Change in net assets20212020201920182017
Surplus (deficit)$3,843,448($765,010)($1,239,425)$106,992$265,339
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,843,448($765,010)($1,239,425)$106,992$265,339

Compensation

NameTitleCompensation
Ken BowersExecutive Director$211,147
David ArthurChief Executive Officer$210,471
Pete DelacyVP Content Corporate Sec.$164,785
Elaine WatkinsChief Relationship Officer$158,246
Kay ArthurBoard Member$146,651
Jeremy LucarelliVP Us Leader Development$130,179
Debbie PoeVP People Services$127,202
Cindi FinnChief Financial Officer$126,038
Costel OgliceVP International Ministry$110,488
Stan LathamVP Development$105,576
Mia OgliceVP International Ministry$98,616

Compensation data as of: 12/31/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/28/2022. To update the information below, please email: [email protected]


History

After building a local Bible study ministry from their home, Kay and Jack Arthur officially started Reach Out Ranch-which became Precept-in 1970. Since then, millions of people around the world have engaged with God through Precept resources, study groups, trainings, broadcasts, and videos.

For a timeline, visit: precept.org/about/


Program accomplishments

50 years of ministry
2 million+ Bible study participants
250K+ active Bible study leaders


Needs

Around the world, the demands for Bible study resources, training, and leaders continues to grow. Precept relies on the prayers and financial support of their ministry partners to fulfill the calling God has given them: To see every believer in Christ living out His Word, every day.