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Precept

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620841438 ✦ Chattanooga, TN ✦ Designated as a 501(c)(3)

Overview

What is Precept?

Precept is a religious nonprofit organization with a strong focus on facilitating and supporting small groups for communal worship. Their primary mission is to promote regular Bible study and other religious activities through various means, including printed materials, social media, and the internet. With over 50,000 such groups in operation across 150 countries, they reach several million people annually. Precept also conducts workshops, conferences, and supports indigenous missionaries, extending their reach to over 190 countries and 90 languages. Their mission is to help individuals deepen their relationship with God by engaging with His Word. The organization employs a team of 89 individuals to carry out its activities.


Official website here: www.precept.org

Is Precept legitimate?

Precept is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precept submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,086,736
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,716,485

For more financial information, click here


Official website here: www.precept.org

What is the mission statement of Precept?

Precept is a religious organization dedicated to fostering connections between individuals and God through the exploration of His Word. Their primary activity involves facilitating regularly scheduled small groups or congregations for Bible study and communal worship, including prayer and fellowship. With over 50,000 such groups across 150 countries, Precept reaches a significant global audience through printed materials, social media, and the internet. In addition to these efforts, Precept hosts workshops, conferences, and training programs to equip individuals to lead Bible studies and conduct Bible study conferences. Furthermore, the Ministry supports indigenous missionaries and Bible study groups in foreign countries, expanding their reach to over 190 nations and translating their materials into over 90 languages.


Official website here: www.precept.org

Who is the CEO of Precept?

David Arthur is the Cofounder & Board Member of Precept. The CEO's salary of Precept is $199,900 and their total compensation is $226,445.


Official website here: www.precept.org

What is the revenue of Precept?

Precept's revenue in 2022 was $13,043,409.


Official website here: www.precept.org

Who are the executives of Precept and what are their salaries?

The average compensation at Precept during 2022 was $53,969. There are 89 employees and 8 volunteers at Precept.

Here are 17 key members and their salaries (Precept's CEO's salary is $199,900 and their total compensation is $226,445):

    David Arthur (Ceo; President)
  • Compensation: $199,900
  • Related: $0
  • Other: $26,545

    • Ken Bowers (Executive Director)
  • Compensation: $185,756
  • Related: $0
  • Other: $25,674

    • Pete Delacy (Vp Content; Corporate Secretary)
  • Compensation: $166,351
  • Related: $0
  • Other: $14,248

    • Mark Adams (Chief Technology Officer)
  • Compensation: $155,969
  • Related: $0
  • Other: $21,857

    • Elaine Watkins (Chief Relationship Officer)
  • Compensation: $148,037
  • Related: $0
  • Other: $17,999

    • Kay Arthur (Cofounder & Board Member) [Trustee/Director]
  • Compensation: $149,826
  • Related: $0
  • Other: $7,651

    • Cindi Finn (Cfo)
  • Compensation: $126,395
  • Related: $0
  • Other: $6,564

    • Debbie Poe (Vp People Services)
  • Compensation: $127,967
  • Related: $0
  • Other: $4,237

    • Jeremy Lucarelli (Vp Us Leader Development)
  • Compensation: $108,470
  • Related: $0
  • Other: $22,937

    • Steve Strand (Board Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Wilcox (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Guise (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cary Humphries (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Crone (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deanna Lee (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ashley Freer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hanneli Rupert-Koegeleberg (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.precept.org

    Where can I find the form 990 for Precept?

    The Precept’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.precept.org

    Learn more at the official website: www.precept.org

    Mission Statement of Precept

    Precept, a religious organization, is dedicated to fostering connections between individuals and God through the exploration of His Word. With a mission deeply rooted in scripture, Precept facilitates the formation and support of communal groups who convene regularly for Bible study and other spiritual practices. These gatherings include activities such as prayer, fellowship, and the exploration of God's teachings, all in accordance with Precept's religious beliefs.

    Precept's reach extends far beyond local congregations, as the organization boasts over 50,000 such groups meeting regularly in more than 150 countries. To promote and conduct these Bible studies, Precept employs various resources, including printed materials, social media, and the internet. This outreach is estimated to engage several million individuals worldwide. In addition to these efforts, Precept organizes workshops and conferences to train individuals in conducting Bible studies and leading Bible study conferences.

    Furthermore, Precept extends its influence by supporting indigenous missionaries and Bible study groups in foreign countries. Through these collaborative partnerships, Precept's teachings and materials have reached over 190 countries, with translations in over 90 languages. By providing these resources and fostering a global network of spiritual connections, Precept's mission continues to inspire and engage individuals in their personal relationship with God.

    Impact

    This information is meant to be a general summary of Precept. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Precept's impact lies in engaging people in a relationship with God through knowing His Word. This religious organization operates globally, with over 50,000 groups meeting regularly in more than 150 countries. Through printed materials, social media, and the internet, Precept reaches several million individuals annually with Bible studies and other worship activities. The Ministry also conducts workshops and conferences, training hundreds of individuals to lead Bible study sessions. Additionally, Precept supports indigenous missionaries and Bible study groups in over 190 countries, with materials translated into over 90 languages.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $14,344
  • Program Service Revenue: $118,897
  • Gross Receipts: $14,192,723

    • Assets and Liabilities:
  • Total Assets: $10,493,085
  • Total Liabilities: $740,258
  • Net Assets: $9,752,827
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Workshops and Conferences

    Revenue

    $118,897

    Organization Details

    Founding Year

    1970

    Principal Officer

    David Arthur

    Main Address

    PO Box 182218, Chattanooga, TN, 37422

    NTEE Category

    Code: X99 - Religion related

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