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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
Precept has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting its exceptional performance in both Accountability & Finance and Leadership & Adaptability. The organization boasts a perfect score in the Accountability & Finance category, which indicates a strong commitment to financial health and transparency. Key metrics, such as a low liabilities to assets ratio and high program expense ratio, suggest that the majority of its funding is being directed towards its mission rather than administrative costs.
The nonprofit's leadership structure is also commendable, with an independent board that meets high standards for governance. All board members are independent, and various policies, including conflict of interest and whistleblower protections, are in place to ensure ethical operations. The organization also demonstrates a proactive approach to leadership development and adaptability, effectively transitioning to virtual events during the pandemic, thereby significantly increasing participant engagement.
While the organization's high ratings suggest robust operations, potential limitations were not noted in the provided data. Overall, Precept exemplifies best practices in nonprofit governance and financial management, positioning itself as a responsible and impactful entity in its field.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
- Compensation: $149,826
- Related: $0
- Other: $7,651
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $199,900
- Related: $0
- Other: $26,545
- Compensation: $185,756
- Related: $0
- Other: $25,674
- Compensation: $166,351
- Related: $0
- Other: $14,248
- Compensation: $126,395
- Related: $0
- Other: $6,564
- Compensation: $155,969
- Related: $0
- Other: $21,857
- Compensation: $148,037
- Related: $0
- Other: $17,999
- Compensation: $127,967
- Related: $0
- Other: $4,237
- Compensation: $108,470
- Related: $0
- Other: $22,937
Official website here: www.precept.org
Where can I find the form 990 for Precept?
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.
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Impact
October, 2024
Precept has made a significant impact by fostering deep engagement with the Bible and nurturing spiritual relationships among individuals worldwide. Through its extensive network of over 50,000 small groups across more than 150 countries, it creates communities focused on regular Bible study, prayer, and fellowship.
The organization employs various resources, including printed materials and digital platforms, to facilitate Bible studies that reach millions each year. By training individuals through workshops and conferences, Precept empowers leaders to effectively conduct Bible study sessions, amplifying its reach and influence. Its commitment to supporting indigenous missionaries ensures that Bible study materials are widely accessible, with translations available in over 90 languages, impacting diverse communities in over 190 countries.
Overall, Precept's efforts have cultivated a global movement that encourages individuals to deepen their understanding of Scripture, fostering a vibrant faith community centered on shared worship and spiritual growth.
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.
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.
- 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
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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
Phone
(423) 892-6814Principal Officer
David Arthur
Main Address
PO Box 182218, Chattanooga, TN, 37422
Website
www.precept.orgNTEE Category
Code: X99 - Religion related
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