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Prepare Ministries

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

EIN: 201905688 ✦ Eden prairie, MN ✦ Designated as a 501(c)(3)

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Overview

What is Prepare Ministries?

Prepare Ministries is a nonprofit organization situated in Eden Prairie, Minnesota. This organization focuses on strengthening the spiritual lives of college students through regular weekly meetings and small group sessions. They primarily operate at five colleges in the Minnesota and Iowa regions, benefiting approximately 300 students. Apart from these regular gatherings, Prepare also cultivates mentoring relationships beyond their weekly meetings, aiming to provide spiritual support to a broader college community. With a small team of two employees, Prepare Ministries strives to foster spiritual growth and fellowship among college students.


Official website here: www.prepareministries.com

Is Prepare Ministries legitimate?

Prepare Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prepare Ministries 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $41,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,000

For more financial information, click here


Official website here: www.prepareministries.com

What is the mission statement of Prepare Ministries?

Prepare Ministries is a multidenominational organization specifically focused on enhancing the spiritual lives of college students. Their mission is to organize regular weekly meetings and provide additional support through small groups and mentoring relationships, aiming to benefit a substantial number of students. Although the exact number of students benefited is mentioned as 300 in the provided data, the organization's mission is not limited to serving only these students and is open to all college students seeking spiritual growth.


Official website here: www.prepareministries.com

Who is the CEO of Prepare Ministries?

Gary Gilbertson is the Executive Dir. of Prepare Ministries.


Official website here: www.prepareministries.com

What is the revenue of Prepare Ministries?

Prepare Ministries's revenue in 2022 was $200,297.


Official website here: www.prepareministries.com

Who are the executives of Prepare Ministries and what are their salaries?

The average compensation at Prepare Ministries during 2022 was $26,425. There are 2 employees and 50 volunteers at Prepare Ministries.


Here are 5 key members and their salaries:


Gary Gilbertson (Executive Dir.)
  • Compensation: $41,850
  • Related: $0
  • Other: $0
Adam Johnson (Chair/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Lundquist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Lundquist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Oglesby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.prepareministries.com

Where can I find the form 990 for Prepare Ministries?

Prepare Ministries's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.prepareministries.com

Learn more at the official website: www.prepareministries.com

Mission Statement of Prepare Ministries

Prepare Ministries is a multidenominational organization with a mission to enhance the spiritual lives of college students. This mission is carried out through regular weekly meetings at five different college campuses situated in the regions of Minnesota and Iowa. Beyond these meetings, Prepare also facilitates small group sessions and establishes mentoring relationships, extending its reach to approximately 300 students in total. The organization's activities are centered around strengthening the spiritual well-being of college students, providing them with a supportive environment and opportunities for growth.

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Impact




October, 2024

Prepare Ministries significantly strengthens the spiritual lives of college students across multiple campuses in Minnesota and Iowa. By organizing regular weekly meetings at five colleges, they provide a supportive environment for students to explore and deepen their faith. In addition to these meetings, Prepare facilitates small groups and mentoring relationships, fostering community and personal growth. This comprehensive approach has positively impacted approximately 300 students, helping them navigate their college experience while developing a strong spiritual foundation. The ministry's dedication to inclusivity and support within a multi-denominational framework enriches the lives of young adults and encourages lifelong spiritual engagement.




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


Financials

This financial information is from Propublica.

Revenue
$200,297 (2022)
Expenses
$137,598 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $232
  • Program Service Revenue: $2,059
  • Gross Receipts: $200,297

Assets and Liabilities:

  • Total Assets: $805,148
  • Total Liabilities: $24,848
  • Net Assets: $780,300

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Programs

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

Event Fees

Revenue

$2,059

Organization Details

Founding Year

2004

Principal Officer

Gary Gilbertson

Main Address

12901 Roberts Drive, Eden Prairie, MN, 55346

NTEE Category

Code: X20 - Religion related

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