2025-12-11T10:33:21-06:00 2025-03-31 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2024-04-01 581260812 CROWN FINANCIAL MINISTRIES INC % JERRY TREGEA CROW 8007221976 8351 E WALKER SPRINGS LANE STE 403 KNOXVILLE TN 379233141 CHUCK BENTLEY CEO 8007221976 2026-02-16 true true SABRE J LINAHAN P01372980 4048746244 2026-02-16 2024 2025-03-06 01:10:19Z CHUCK BENTLEY 8351 E WALKER SPRINGS LN 403 KNOXVILLE TN 379233141 6197799 false X WWW.CROWN.ORG X 1976 GA TO TEACH BIBLICAL PRINCIPLES OF FINANCE/ MONEY MANAGEMENT AND TRAIN OTHERS TO TEACH THESE PRINCIPLES. 9 8 30 10000 0 0 4431510 4486280 532734 613926 254992 272701 622464 565466 5841700 5938373 405261 632089 0 0 2606493 2810608 28096 0 318074 2695966 2346745 5735816 5789442 105884 148931 7823859 8045943 2053888 2097613 5769971 5948330 X CROWN FINANCIAL MINISTRIES, FOUNDED IN 1976, IS DEDICATED TO EQUIPPING LEADERS TO HELP BRING FREEDOM, RESTORATION AND FLOURISHING IN THE COMMUNITIES IN WHICH THEY SERVE. WE BELIEVE, AND HAVE EXPERIENCED, THAT MOST OF THE WORLD'S GREATEST CHALLENGES STEM FROM A LACK OF UNDERSTANDING OF WHAT WE'VE BEEN GIVEN, AND HOW TO BEST USE IT. CROWN HAS TAUGHT OR EQUIPPED TENS OF MILLIONS OF PEOPLE IN OVER 100 NATIONS WITH THE LIFE-TRANSFORMING MESSAGE OF FAITHFULLY LIVING BY GOD'S KINGDOM PRINCIPLES IN EVERY AREA OF THEIR LIVES. THE MINISTRY IS HEADQUARTERED IN THE UNITED STATES, AND HAS A SIGNIFICANT GLOBAL PRESENCE. CROWN ACCOMPLISHES ALL THIS WITH ABOUT 25 EMPLOYEES AND IN PARTNERSHIP WITH OVER 10,000 PASSIONATE VOLUNTEERS WORLDWIDE WHO HELP IGNITE TRUE FREEDOM. false false 2567689 619039 472470 Crown Solutions (CS) - CS advances Crown's mission in three main areas. The first is Awareness, which is mainly accomplished through 1,427 terrestrial radio stations and outlets and reaching a potential 7,341,700 listeners. The second area is Coaching, where Crown's Budget Coaching, Career Direct, and "YES Assessment" help individuals achieve their financial goals. The third area is Community, where Crown serves underserved urban communities, works with international partners in approximately 100 nations, and a Farm and Flourish program delivering solutions for small-scale farmers in sub-Saharan Africa move from dependency to self-sustainability. 931339 0 613737 Christian Economic Forum (CEF) - A global forum that assembles high-capacity individuals to discuss economic topics and identify appropriate responses. CEF uses a membership model that provides a vehicle for members to interact throughout the year, continue discussions and initiatives discussed at annual events, and identify new areas for collaborative efforts. Currently, CEF has grown to include over 400 members. CEF offers several events throughout the year including a large annual Global Event, Regional Summits, and other Member Meetups. 223721 13050 6742 Crown Solutions Spanish (CSS) - CSS supports ministries in the Latin Community in the United States as well as countries throughout Latin America. Through the use of workshops, seminars, and interactive sessions, CSS teaches participants valuable insights into their abilities and potential through the use of Crown's teaching resources. 3722749 true true false false false false false false false true true false false true true true true false false false true true true false false false false false false true false false false false false false true false true false false false false false false false false true 52 0 true 30 true false false false false false false false false false false false false X 9 8 false false false false false false false true true false false true true true true true true true true false AL AR CT FL GA HI KS KY MD MA MI MN MS NH NJ NM NC OK OR PA RI SC TN UT VA WV WI X X X JERRY TREGEA 8007221976 8351 E WALKER SPRINGS LANE STE 403 KNOXVILLE TN 379023141 Chuck Bentley CEO 50.0 0.0 X X 184313 0 53243 Jerry Tregea CFO 50.0 0.0 X 150745 0 26082 Handre DeJongh Managing Director of CS 50.0 0.0 X 132274 0 23675 Sheila Thompson Chief Impact Analyst 50.0 0.0 X 132380 0 20357 Frank Gonzalez Managing Director of CSS 50.0 0.0 X 129029 0 21054 Grant Webster Managing Director of CEF 50.0 0.0 X 129099 0 16954 Tracey Fries Chief of Staff 50.0 0.0 X 132881 0 10261 Ryan Paul Chief of Strategy 50.0 0.0 X 112043 0 21416 Phil Clemens Board Chair 1.0 0.0 X 0 0 0 Joe Panter Vice Chair 1.0 0.0 X 0 0 0 Stuart Nordberg Treasurer/Chair 1.0 0.0 X 0 0 0 Charles Raymond Director 1.0 0.0 X 0 0 0 Steve Whaley Director 1.0 0.0 X 0 0 0 Jeff Holler Director 1.0 0.0 X 0 0 0 Ruth Morales Director 1.0 0.0 X 0 0 0 Doug Hundt Director 1.0 0.0 X 0 0 0 1102764 0 193042 8 false true false 0 4486280 118144 4486280 PROGRAM FEES 900099 452759 452759 CEF DUES 900099 161167 161167 613926 272701 272701 0 86443 86443 0 0 0 0 0 0 0 0 0 0 729483 259426 470057 470057 MISCELLANEOUS REVENUE 900099 8966 8966 8966 5938373 1092949 359144 X 0 0 632089 632089 0 599149 348781 235494 14874 0 1791294 1042762 704064 44468 64357 37464 25295 1598 193536 112663 76069 4804 162272 94463 63781 4028 554396 394054 157017 3325 2050 2050 58000 58000 0 0 0 0 0 4736 479 3934 323 210382 42679 112599 55104 0 89037 51830 34996 2211 245837 231621 14216 0 538604 534006 4598 0 0 80662 73533 7129 82015 82015 POSTAGE & PRINTING 202278 828 14889 186561 BURKETT LICENSING AGREEMENT 121040 121040 BANK FEES 93467 93467 TAXES & LICENSES 17861 17861 46380 4457 41145 778 5789442 3722749 1748619 318074 X 903279 740200 11186 15739 0 0 194321 134466 0 0 0 0 0 0 31845 39825 135747 272039 148451 125626 33243 22825 5328693 5753846 0 0 0 0 0 0 1185545 1067003 7823859 8045943 993991 1105826 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1059897 991787 2053888 2097613 X 5342545 5343422 427426 604908 5769971 5948330 7823859 8045943 148931 29428 X X false true X true false X 3774541 5149147 4336749 4431510 4486280 22178227 0 0 3774541 5149147 4336749 4431510 4486280 22178227 964362 21213865 93083 129510 183395 311612 359144 1076744 0 0 23254971 5893013 0.91223 0.91313 X SCHEDULE A, PART II, SECTION A FOR COLUMN (A) 2020 A LARGE AND UNEXPECTED ESTATE GIFT TOTALING $1,112,652 HAS BEEN EXCLUDED FROM 2020 GIFTS, GRANTS, CONTRIBUTIONS, AND MEMBERSHIP FEES RECEIVED, REDUCING THIS AMOUNT TO $3,774,541. PER IRS INSTRUCTIONS, THIS WAS DEEMED TO HAVE BEEN AN "UNUSUAL GRANTSHOULD BE EXCLUDED FROM THE FIVE-YEAR TREND COMPARISON. HAD THIS ESTATE GIFT BEEN INCLUDED, THE TOTAL 2020 GIFTS, GRANTS, CONTRIBUTIONS, AND MEMBERSHIP FEES WOULD TOTAL $4,887,193. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 427425 786422 532056 76883 604908 554551 417715 397147 147694 427425 598824 658946 420614 263355 19250 554551 306505 1067798 528055 195571 51853 598824 332550 472529 181707 288835 28032 306505 1.00000 false false 148451 125626 22825 22825 INTANGIBLE ASSET 1317314 AMORTIZATION INTANGIBLE ASSET -936153 TRADEMARK 483862 CAPITALIZED DEVEL COST 947711 A/D CAPITALIZED DEVEL COST -929243 DEPOSITS 4926 ROU - OPERATING LEASE 178586 1067003 0 LICENSING AGREEMENT 807809 RIGHT OF USE 183978 991787 X 19249976 29428 13022749 259426 13311603 5938373 5938373 19071617 13022749 259426 13282175 5789442 5789442 PART V, LINE 4 TEMPORARILY RESTRICTED NET ASSETS ARE CURRENTLY CONTRIBUTED WITH DONOR STIPULATIONS FOR SPECIFIC OPERATING PURPOSES OR PROGRAMS, WITH TIME RESTRICTIONS OR NOT CURRENTLY AVAILABLE FOR USE UNTIL COMMITMENTS REGARDING THEIR USE HAVE BEEN FULFILLED. PART X, LINE 2 CROWN IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. CROWN ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS CROWN TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ASC. IN THE NORMAL COURSE OF BUSINESS, CROWN IS SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE TAXING AUTHORITIES. IN GENERAL, CROWN IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR TAX YEARS ENDING BEFORE MARCH 31, 2022. PART XI, LINE 2D $259,426 -- COST OF GOODS SOLD PART XII, LINE 2D $259,426 -- COST OF GOODS SOLD true East Asia and the Pacific 0 0 Grantmaking 4490 South America 0 0 Grantmaking 13050 Sub-Saharan Africa 0 0 Grantmaking 612549 Europe (Including Iceland and Greenland) 0 0 Grantmaking 2000 0 0 0 0 632089 632089 Sub-Saharan Africa See Part V 24616 Wire Transfe Sub-Saharan Africa See Part V 280911 wire transfe Sub-Saharan Africa See Part V 96765 wire transfe Sub-Saharan Africa See Part V 168684 wire transfe Sub-Saharan Africa SEE PART V 11946 WIRE TRANSFE 7 MINISTERIAL SUPPORT Sub-Saharan Africa 1 12000 WIRE TRANSFE 9404 Travel MINISTERIAL SUPPORT South America 1 13050 WIRE TRANSFE false false false false false false SCHEDULE F, PART I, LINE 2 EXPENSES FOR FOREIGN ACTIVITIES ARE BUDGETED FOR EACH YEAR AND PAID AS INCURRED IN EACH REGION. SCHEDULE F, PART I, LINE 3 THE ORGANIZATION TRACKS ALL EXPENSES VIA A BUDGETARY PROCESS. EXPENSES ARE REPORTED ON THE ACCRUAL BASIS. SCHEDULE F PART II, COLUMN D Purpose of the grants in this region is to teach budgeting, finance, and stewardship as part of farming training. X X X true true X X false false false false false false false true false Chuck Bentley CEO 145058 26342 12913 11801 42830 238944 Jerry Tregea CFO 116058 34633 54 9128 18068 177941 Sheila Thompson Chief Impact Analyst 118651 13333 396 7200 14271 153851 Handre DeJongh Managing Director of CS 118803 13333 138 7467 17322 157063 Frank Gonzalez Managing Director of CSS 113558 15333 138 4600 17568 151197 PART I, LINE 1A TRAVEL BENEFITS INCLUDING AIRFARE, HOTEL, AND MEALS WERE PROVIDED TO THE WIFE OF CHUCK BENTLEY, CEO OF THE ORGANIZATION, AS SHE ASSISTED WITH PLANNING AND ONSITE EVENT COORDINATION AND PARTICIPATED IN JOINT INTERVIEWS WITH THE CEO. BECAUSE HER ATTENDANCE WAS REQUIRED AS PART OF THE EVENTS, THE TRAVEL COSTS WERE NOT REPORTED AS TAXABLE COMPENSATION TO CHUCK BENTLEY. SIMILAR CIRCUMSTANCES OCCASIONALLY TAKE PLACE FOR OTHER LEADERS THAT TRAVEL FREQUENTLY. IN EACH INSTANCE WHERE A SPOUSE JOINED A TRIP, THERE WAS A LEGITIMATE BUSINESS PURPOSE. IT IS CROWN'S POLICY TO GROSS UP THE SOCIAL SECURITY AND MEDICARE TAXES FOR THOSE EMPLOYEES WHO ARE MINISTERS. THIS ESSENTIALLY PAYS TO THEM THE EMPLOYER PORTION OF THE TAX. BONUSES ARE ALSO GROSSED UP. A HOUSING ALLOWANCE IS PROVIDED TO AN OFFICER WHO IS AN ORDAINED MINISTER. THE HOUSING ALLOWANCE IS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES UPON APPROVAL. PART I, LINE 7 CHUCK BENTLEY AND JERRY TREGEA RECEIVED A BONUS DURING THE YEAR. Jerry Tregea received a second bonus relating to taxes incurred from the security costs referenced in last year's 990. Additionally, A FEW EMPLOYEES RECEIVED LENGTH OF SERVICE BONUSES AS WELL. ANN BENTLEY WIFE OF CEO 17430 SCRIPT WRITING FOR RADIO PROGR false JOHN BENTLEY SON OF CEO 50000 VIDEO PRODUCTION false X 7 118144 FMV false true true PART I, LINE 32B THE ORGANIZATION'S BROKER LIQUIDATES STOCK DONATIONS FOR CASH UPDON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. THIS QUESTIONNAIRE IS MONITORED BY THE HUMAN RESOURCE DEPARTMENT FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROCESS FOR THE CEO AND OTHER OFFICERS INCLUDE A REVIEW BASED ON: 1) FINANCIAL AFFORDABILITY 2) INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE 3) COMPARABLE SALARY DATA OBTAINED FROM SIMILAR ORGANIZATIONS AND FROM ONLINE COMPENSATION SURVEYS. THE COMPENSATION FOR THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE MINISTRY'S BOARD OF DIRECTORS, PROVIDING ACCOUNTABILITY AND INDEPENDENT OVERSIGHT TO THE PROCESS. THE CEO IS RESPONSIBLE FOR COMPENSATION REVIEW OF OTHER OFFICERS USING THE ABOVE GUIDELINES UNDER OVERSIGHT FROM CROWN'S BOARD OF DIRECTORS. THE COMPENSATION APPROVAL FOR BOTH THE CEO AND OTHER OFFICERS ARE DOCUMENTED IN THE BOARD MINUTES UPON BOARD APPROVAL VIA THE BUDGETARY PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24C In October 1997, Christian Financial Concepts, Inc. entered into an agreement to purchase rights to intellectual properties from its founder and former president. In October 2000, following the merger of Christian Financial Concepts, Inc. and Crown Ministries, Inc., the Board of Directors of the merged organization of Crown endorsed the agreement. These rights include the revocable rights to purchase, use and modify all copyrighted materials produced by the founder. Crown also purchased the exclusive rights to the publicity of Larry Burkett's image and name as part of its continuing ministry. In exchange for these rights, Crown provides an annual payment, of $75,000, along with certain medical benefits, (both indexed to inflation) to the co-founder's surviving spouse. Every three years the agreement requires a formal review of the actuarial calculation of the amount projected to meet all future payments. During 2025 and 2024, management, with the assistance of an independent third-party actuary assessed these assumptions and inputs and determined that, due to the adjusted life expectancy of the co-founder's surviving spouse, the future liability should be increased as of March 31, 2025 and 2024. This adjusted life expectancy resulted in an increase of $121,040 and $119,575, respectively, to the licensing agreement liability in the accompanying Statements of Financial Position for the years ended March 31, 2025 and 2024. There was no cash flow impact from these adjustments for the years ended March 31, 2025 and 2024. Assumptions used in the calculation of this liability include a discount rate of 6% and an assumed annual cost of living increase for expenses other than medical of 2.25% for the years ended March 31, 2025 and 2024. Future annual estimated cash flow impact resulting from these updated projections is not expected to be significant. The present value of these benefits was estimated to be $807,809 and $820,671 at March 31, 2025 and 2024, respectively. FORM 990, PART XII, LINE 2C EXPLANATION OF RESPONSIBILITY: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.