Precept Ministries International

The information on this page was last updated 12/6/2023. 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

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Transparency grade

A

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Financial efficiency ratings

Sector: Educational Media

CategoryRatingOverall rankSector rank
Overall efficiency rating464 of 109721 of 46
Fund acquisition rating667 of 109927 of 46
Resource allocation rating594 of 109930 of 46
Asset utilization rating248 of 10978 of 46

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%9%6%10%10%18%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%7%5%7%7%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
94%75%79%73%65%67%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%6%7%6%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
6%25%21%27%35%33%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%78%77%72%72%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%106%75%107%111%99%
Program output ratio Program output ratio =
Program services /
Total revenue
72%83%58%77%80%72%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%-6%25%-7%-11%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%-7%37%-12%-17%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%16%17%21%22%16%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.721.311.081.481.621.36
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.191.181.301.341.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.221.571.271.922.181.76
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
15.4211.8718.0474.7817.3338.19
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.080.060.010.060.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
8.597.018.896.155.196.66
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%7%5%18%7%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
121%71%89%55%58%71%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$7,418,975$7,861,664$5,486,028$5,269,828$6,307,069
Receivables, inventories, prepaids$1,365,713$1,415,726$425,202$324,808$364,790
Short-term investments$0$0$324,076$306,133$278,959
Other current assets$0$0$0$0$0
Total current assets$8,784,688$9,277,390$6,235,306$5,900,769$6,950,818
Long-term investments$0$0$8,647$7,820$6,695
Fixed assets$1,708,397$1,709,750$1,857,110$2,019,960$1,996,367
Other long-term assets$0$0$0$0$0
Total long-term assets$1,708,397$1,709,750$1,865,757$2,027,780$2,003,062
Total assets$10,493,085$10,987,140$8,101,063$7,928,549$8,953,880
 
Liabilities20222021202020192018
Payables and accrued expenses$740,258$514,258$83,385$340,429$182,027
Other current liabilities$0$0$0$0$0
Total current liabilities$740,258$514,258$83,385$340,429$182,027
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$1,388,244$193,676$137,984
Total long-term liabilities$0$0$1,388,244$193,676$137,984
Total liabilities$740,258$514,258$1,471,629$534,105$320,011
 
Net assets20222021202020192018
Without donor restrictions$9,752,827$10,472,882$6,629,434$7,394,444$8,587,369
With donor restrictions$0$0$0$0$46,500
Net assets$9,752,827$10,472,882$6,629,434$7,394,444$8,633,869
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$9,787,104$12,377,723$8,241,196$7,551,716$8,199,942
Program service revenue$118,897$126,345$122,895$439,665$460,874
Membership dues$0$0$0$0$0
Investment income$14,344$606$18,633$36,097$34,624
Other revenue$3,123,064$3,164,902$2,846,294$3,589,213$3,612,009
Total other revenue$3,256,305$3,291,853$2,987,822$4,064,975$4,107,507
Total revenue$13,043,409$15,669,576$11,229,018$11,616,691$12,307,449
 
Expenses20222021202020192018
Program services$10,770,074$9,110,228$8,619,648$9,295,336$8,805,014
Management and general$2,136,244$2,004,622$2,547,621$2,786,144$1,953,116
Fundraising$857,146$711,278$826,759$774,636$1,442,327
Total expenses$13,763,464$11,826,128$11,994,028$12,856,116$12,200,457
 
Change in net assets20222021202020192018
Surplus (deficit)($720,055)$3,843,448($765,010)($1,239,425)$106,992
Other changes in net assets$0$0$0$0$0
Total change in net assets($720,055)$3,843,448($765,010)($1,239,425)$106,992

Compensation

NameTitleCompensation
David ArthurCEO; President$226,445
Ken BowersExecutive Director$211,430
Pete DelacyVP Content; Corporate Secretary$180,599
Mark AdamsChief Technology Officer$177,826
Elaine WatkinsChief Relationship Officer$166,036
Kay ArthurCofounder & Board Member$157,477
Cindi FinnCFO$132,959
Debbie PoeVP People Services$132,204
Jeremy LucarelliVP US Leader Development$131,407

Compensation data as of: 12/31/2022


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 12/6/2023. 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.