Overview
What is Precious Gift Ministries?
Precious Gift Ministries is a nonprofit organization located in Brookville, Ohio. Their primary focus is to spread the teachings of Christianity through preaching and teaching, both domestically and internationally. They plant churches and train local pastors and leaders, and distribute religious literature and materials in various countries, including China. Their efforts in the U.S. are considered as part of their ministry's overhead or fundraising, as they aim to generate funds for their global mission. The organization also provides assistance to persecuted families, demonstrating their commitment to supporting the broader Christian community. They currently have one employee.
Official website here: www.preciousgift.org
Is Precious Gift Ministries legitimate?
Precious Gift Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Gift 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: $132,219
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.preciousgift.org
What is the mission statement of Precious Gift Ministries?
Precious Gift Ministries is dedicated to spreading the Christian faith by establishing churches, educating and mentoring pastors and church leaders, and disseminating religious literature, including Bibles and Christian books. Their mission extends to providing aid to families facing persecution. The organization's activities include traveling and preaching, teaching, and allocating funds for ministry purposes, both in the United States and abroad. The funds used in China are categorized as program expenses, while those spent in the U.S. are classified as ministry overhead or fundraising expenses due to their potential to generate new income for the ministry.
Official website here: www.preciousgift.org
Who is the CEO of Precious Gift Ministries?
Donald Parrett is the Director of Precious Gift Ministries.
Official website here: www.preciousgift.org
What is the revenue of Precious Gift Ministries?
Precious Gift Ministries's revenue in 2022 was $351,927.
Official website here: www.preciousgift.org
Who are the executives of Precious Gift Ministries and what are their salaries?
The average compensation at Precious Gift Ministries during 2022 was $132,219. There is 1 employee and 6 volunteers at Precious Gift Ministries.
Here are 7 key members and their salaries:
- Compensation: $73,153
- Related: $0
- Other: $59,066
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.preciousgift.org
Where can I find the form 990 for Precious Gift Ministries?
Precious Gift Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preciousgift.org
Learn more at the official website: www.preciousgift.org
Mission Statement of Precious Gift Ministries
Precious Gift Ministries is dedicated to a multifaceted mission. At its core, the organization seeks to establish new churches and cultivate the leadership capabilities of pastors and church leaders. Beyond this, Precious Gift Ministries also focuses on procuring or producing Bibles and Christian literature, ensuring their distribution to interested individuals. Furthermore, the ministry extends its aid to families who face persecution, providing them with the necessary support.
In essence, Precious Gift Ministries travels and allocates funds for preaching, teaching, and evangelism. This includes covering general ministry expenses as well as those incurred during overseas missions. The funds allocated for these purposes are categorized as 'program expenses' in China, while those spent on US-based activities are classified as 'ministry overhead' or 'fundraising expenses'. The latter category includes expenses associated with two missionaries in China and one in Croatia, as these activities ultimately contribute to the inflow of additional funds for the ministry.
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Impact
October, 2024
Precious Gift Ministries has made a significant impact through its dedicated efforts in church planting, training pastors and church leaders, and distributing vital Christian literature. By establishing new congregations, they provide communities with a spiritual home and foster growth in faith. The ministry emphasizes the importance of equipping local leaders, ensuring that they are well-prepared to guide their communities effectively.
In regions like China and Croatia, the ministry's commitment extends beyond mere establishment; it actively engages in the training of leaders who can nurture and strengthen local believers. The distribution of Bibles, Christian books, and other literature serves to enrich the spiritual lives of countless individuals, providing them access to essential resources that support their faith.
An essential aspect of their mission is the support they offer to persecuted families, demonstrating a compassionate response to those in need. By addressing both the spiritual and practical needs of communities, Precious Gift Ministries has created a holistic approach to ministry that fosters resilience and hope, making a lasting difference in the lives of many.
This information is meant to be a general summary of Precious Gift 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $351,927
Assets and Liabilities:
- Total Assets: $60,392
- Total Liabilities: $1,762
- Net Assets: $58,630
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Organization Details
Founding Year
1988
Phone
(937) 305-4746Principal Officer
Donald Parrett
Main Address
PO Box 456, Brookville, OH, 45309
Website
www.preciousgift.orgNTEE Category
Code: X21 - Religion related
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