2026-07-16T10:24:32-05:00 2025-12-31 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2025-01-01 620841438 Precept PREC 4238926814 PO Box 182218 Chattanooga TN 37422 David Arthur CEO 4238926814 2026-05-22 1 Adrian S Vasquez CPA P02461624 4077706000 2026-05-22 2025 2025-03-06 01:10:19Z David Arthur PO Box 182218 Chattanooga TN 37422 26031862 0 X www.precept.org X 1970 TN Engaging people in relationship with God through knowing His Word X 10 10 70 8 0 0 7542776 8979213 96203 149313 27620 10253191 3311361 3707426 10977960 23089143 3423966 2371651 0 0 6687129 5766307 0 0 595733 3605202 3654972 13716297 11792930 -2738337 11296213 4847498 15614517 978060 448866 3869438 15165651 X Engaging people in relationship with God through knowing His Word 0 0 9182531 2371651 3652185 The Ministry is a religious organization that operates primarily by forming, facilitating and supporting groups of individuals who assemble regularly for communal worship. More specifically, the principal means by which the Ministry accomplishes its mission is to facilitate small groups (or congregations) of individuals who meet regularly to engage in Bible study and other worship activities (including prayer and fellowship) in accordance with the Ministry's religious beliefs. The Ministry currently has over 50,000 such groups meeting regularly in over 150 countries. The Ministry uses printed materials, social media, and the internet to promote and conduct Bible studies, estimated to reach several million global congregants annually. The Ministry also conducts various workshops and conferences, training hundreds of individuals to conduct Bible studies and Bible study conferences. Finally, the Ministry supports indigenous missionaries and Bible study groups in foreign countries. The Ministry estimates that these missionary activities have reached nearly 184 countries with Bible study materials translated into nearly 110 languages. 9182531 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 12 0 1 70 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Aaron Silvious 4238926814 7324 Noah Reid Rd Chattanooga TN 37421 Kay Arthur Ended 32025 Cofounder & Brand Ambassador 2.00 X 1653 0 0 Steve Strand Board Chairman 2.00 X 0 0 0 Ken Guise Board Member 2.00 X 0 0 0 Cary Humphries Board Member 2.00 X 0 0 0 Marilyn Crone Board Member 2.00 X 0 0 0 Ashley Freer Board Member & Board Vice Chair 2.00 X 0 0 0 Hanneli Rupert-Koegelenberg Board Member 2.00 X 0 0 0 Deanna Lee Board Member 2.00 X 0 0 0 Angi Tuffnell Began 42025 Board Member 2.00 X 0 0 0 Fred Rohrdanz Began 42025 Board Member 2.00 X 0 0 0 Philip Eppard Began 42025 Board Member 2.00 X 0 0 0 David Arthur CEO, President 40.00 X 212252 0 33360 Ken Bowers Executive Director 40.00 X 193853 0 33850 Mark Adams EVP Operations & Finance 40.00 X 179696 0 38997 Debbie Poe VP, HR 40.00 X 136047 0 10341 Shannon Robbins RDD Texas 40.00 X 121593 0 19093 Bob Willett Director, Production & Fac 40.00 X 119285 0 11835 Christina Hamby EVP Marketing 40.00 X 112265 0 9284 Mia Oglice VP International Ministry 40.00 X 111364 0 5665 1188008 0 162425 11 0 1 0 Angle Health 2261 Market Street 4265 San Francisco CA 94114 Medical Insurance Plan Administration 724826 Dockins Graphics Inc PO Box 3933 Cleveland TN 37320 Printing 411093 UPS PO Box 809488 Chicago IL 606809488 Shipping 231891 UPS Mail Innovations 55 Glenlake Parkway Northeast Atlanta GA 30328 Shipping 223328 Walker360 2501 East 5th Street Montgomery AL 36107 Printing & Mail Services 212326 9 1166949 7812264 308706 8979213 Streaming 516210 110041 110041 Workshops and Conferences 611710 39272 39272 149313 154928 154928 142186 142186 4440 0 4440 4440 4440 11750000 1651737 10098263 10098263 10098263 0 1166949 107057 -107057 -107057 4686797 1183925 3502872 3502872 Debt Forgiveness 900099 149452 149452 Other 900099 15533 15533 164985 23089143 3652185 0 10457745 2371651 2371651 693661 467771 201329 24561 4120573 3056220 695278 369075 117623 88060 18394 11169 472807 352622 76939 43246 361643 265289 66374 29980 10748 10748 38624 38624 912537 607216 286840 18481 318224 256406 56313 5505 877814 445801 365517 66496 154269 124482 29787 127866 88688 14825 24353 94171 84754 6592 2825 147355 26100 121255 Impairment Loss 888891 888891 Miscellaneous Expenses 84473 58580 25851 42 11792930 9182531 2014666 595733 1891340 4305461 2193575 172542 1330 3000000 386223 385907 68515 46771 400001 299283 2328878 100718 5580755 4847498 15614517 978060 448866 978060 448866 X 3869438 15165651 3869438 15165651 4847498 15614517 11296213 0 X X 0 1 X 1 0 X 12377723 9853366 8643983 7542776 8979213 47397061 12377723 9853366 8643983 7542776 8979213 47397061 949893 46447168 161920 164614 216293 204461 301554 1048842 41558 118987 16345 164985 341875 48787778 19969952 0.95200 0.96350 X Part II: The Ministry is appropriately classified as a church described in Internal Revenue Code Section 170(b)(1)(A)(i) and is voluntarily filing the Form 990 with the Internal Revenue Service. Additionally the Ministry is completing the 509(a)(1) Test at Schedule A, Part II, to allow it to qualify for the special rule for Schedule B reporting, in accordance with the Schedule A instructions. Part II, Section B, Line 10: Other income includes miscellaneous income and debt forgiveness. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 296484 250000 44488 1 1 9903 9903 99769 95982 3787 252146 181365 70781 38183 21936 16247 100718 23196200 107057 107057 23089143 0 23089143 11899987 107057 107057 11792930 0 11792930 Part XI, Line 2d - Other Adjustments: Fundraising Event Direct Expenses 107,057. Part XII, Line 2d - Other Adjustments: Fundraising Event Direct Expenses 107,057. 1 East Asia and the Pacific 0 0 Grants to recipients located in the region 10620 Europe 0 0 Grants to recipients located in the region 845572 Middle East and North Africa 0 0 Grants to recipients located in the region 245402 North America 0 0 Grants to recipients located in the region 63864 Russia and the Newly Independent States 0 0 Grants to recipients located in the region 851505 South Asia 0 0 Grants to recipients located in the region 188881 Sub-Saharan Africa 0 0 Grants to recipients located in the region 165807 0 0 0 0 0 0 2371651 0 2371651 Europe Classes, Workshops, Conferences, Camps 353396 Wire 0 Europe Classes, Workshops, Conferences, Camps 20600 Wire 0 Europe Classes, Workshops, Conferences, Camps 17000 Wire 0 Europe Classes, Workshops, Conferences, Camps 61314 Wire 0 Europe Classes, Workshops, Conferences, Camps 47196 Wire 0 Europe Classes, Workshops, Conferences, Camps 7442 Wire 0 Europe Classes, Workshops, Conferences, Camps 32432 Wire 0 Middle East and North Africa Classes, Workshops, Conferences, Camps 88954 Wire 0 Middle East and North Africa Classes, Workshops, Conferences, Camps 16848 Wire 0 North America Classes, Workshops, Conferences, Camps 63864 Wire 0 Russia and the Newly Independent States Classes, Workshops, Conferences, Camps 325059 Wire 0 South Asia Classes, Workshops, Conferences, Camps 54201 Wire 0 South Asia Classes, Workshops, Conferences, Camps 37200 Wire 0 Sub-Saharan Africa Classes, Workshops, Conferences, Camps 165807 Wire 0 14 Classes, Workshops, Conferences, Camps East Asia and the Pacific 3 10620 Wire Classes, Workshops, Conferences, Camps Europe 10 299272 Wire Classes, Workshops, Conferences, Camps Middle East and North Africa 2 139600 Wire Classes, Workshops, Conferences, Camps Russia and the Newly Independent States 7 526446 Wire Classes, Workshops, Conferences, Camps South Asia 4 97480 Wire 0 0 0 0 0 0 Part I, Line 2: Each of the Ministry's grant recipients submits grant funding requests through the Ministry's annual funding request process, which includes submission of the annual budget of the grant recipient. The funding request process determines the amount of grant funding the Ministry provides each grant recipient. Funds are granted on a monthly and quarterly basis. The Ministry exclusively grants funds to support activities that further the Ministry's exempt purposes. Specifically, the grant funds are used by grantees to facilitate Bible study leader training, translation of Bible study materials, as well as conferences and events. Receipts supporting non-compensation-related expenditures are required to be submitted to the Ministry's international headquarters. Additionally, for organizational grantees, quarterly and annual financial statements are required to be submitted to the Ministry. All new grant recipients receiving funding are vetted through the Office of Foreign Asset Control (OFAC) of the United States Treasury service. All grant recipients are reviewed and renewed on an annual basis. The Ministry conducts various trips to visit grant recipients throughout the year to assist with development of grantee organization operations, observe ministry activities, and to oversee the use of grant funds. Part I, line 3: The expenditures reported in Part I, Line 3, column (f) are reported using the accrual method of accounting. 2025 Utah Presidents Weekend 753999 753999 100373 1773 4911 2024 Cove Presidents Weekend 412950 412950 1166949 1166949 100373 1773 4911 107057 -107057 X X X 0 0 0 0 0 0 0 0 0 David Arthur CEO, President 212252 0 0 0 0 0 11000 0 22360 0 245612 0 0 0 Ken Bowers Executive Director 193853 0 0 0 0 0 10180 0 23670 0 227703 0 0 0 Mark Adams EVP Operations & Finance 176610 0 3086 0 0 0 9197 0 29800 0 218693 0 0 0 X 22 308706 Fair Market Value 21 0 1 0 Part I, Column (b): The Ministry is reporting the number of contributions in column (b). Real property 2025-06-16 11750000 Comparables 626075837 Skyuka Hall Inc 5600 Brainerd Road Chattanooga TN 37411 501(c)(3) 0 0 0 0 Part II, Line 1 As part of the sale of real property presented in Schedule N, the Ministry accepted an interest-free note from Skyuka Hall, Inc. (the Buyer), in the principal amount of $3,000,000 in addition to cash received at closing. The terms of the sale of real property to the Buyer, an unrelated party, were negotiated at arm's length. To get the most favorable purchase price for the real property sold, the Ministry negotiated the zero-interest note with the Buyer. In connection with this transaction, the Ministry also received the benefit of a no-cost leaseback arrangement with the Buyer for two years. Voluntary Filing of Form 990: The Ministry is appropriately classified as a church described in Internal Revenue Code Section 170(b)(1)(A)(i) and is therefore exempt from the Form 990 filing requirement. However, the Ministry's leadership has decided to voluntarily file the Form 990 with the Internal Revenue Service. Form 990, Part VI, Section A, line 2 David Arthur and Kay Arthur have a family relationship. Form 990, Part VI, Section B, line 11b The Ministry's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Ministry's governing body prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Ministry's conflict of interest policy is distributed to each member of the Ministry's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Ministry officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Ministry's Compensation and Personnel Committee annually reviews and approves the compensation levels of the officers, directors, and key employees of the Ministry. The Ministry's Compensation and Personnel Committee is comprised of members of the Ministry's Board of Directors that do not have a conflict of interest with respect to the individuals whose compensation is reviewed and approved. The committee utilizes comparability data in its deliberations and the deliberations and decisions of the committee are contemporaneously substantiated. Form 990, Part VI, Section C, line 19 The Ministry provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements. Form 990, Part XII, Line 2c: The Ministry's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.