Civic Intelligence

Prepare Ministries

990 • Fiscal year 2018 • EIN 20-1905688

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization Profilewww.prepareministries.com
12901 Roberts DriveEden Prairie, MN 55346

(507) 202-1280

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

88th percentile

$36,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 17.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

70th percentile

18%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

-2.8%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$417,221

Up $63,124 (+18%) from 2017

Net Assets

Up

$397,729

Up $69,642 (+21%) from 2017

Liabilities

Down

$19,492

Down $6,518 (-25%) from 2017

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin86th percentile

Revenue

Down

$205,475

Down $5,955 (-2.8%) from 2017

Expenses

Down

$135,833

Down $24,983 (-16%) from 2017

Net Income

Up

$69,642

Up $19,028 (+38%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $111,387Liabilities 2011: $16,818Net Assets 2011: $94,5692011Assets 2012: $98,534Liabilities 2012: $21,454Net Assets 2012: $77,0802012Assets 2013: $127,302Liabilities 2013: $24,773Net Assets 2013: $102,5292013Assets 2014: $153,577Liabilities 2014: $22,504Net Assets 2014: $131,0732014Assets 2015: $236,259Liabilities 2015: $27,586Net Assets 2015: $208,6732015Assets 2016: $301,992Liabilities 2016: $24,519Net Assets 2016: $277,4732016Assets 2017: $354,097Liabilities 2017: $26,010Net Assets 2017: $328,0872017Assets 2018: $417,221Liabilities 2018: $19,492Net Assets 2018: $397,7292018Assets 2019: $0Net Assets 2019: $02019Assets 2020: $618,753Liabilities 2020: $18,626Net Assets 2020: $600,1272020Assets 2021: $740,510Liabilities 2021: $22,909Net Assets 2021: $717,6012021Assets 2022: $805,148Liabilities 2022: $24,848Net Assets 2022: $780,3002022Assets 2023: $904,593Liabilities 2023: $36,577Net Assets 2023: $868,0162023Assets 2024: $1,034,650Liabilities 2024: $46,304Net Assets 2024: $988,3462024

Highlighted filing

2018

Assets$417,221
Liabilities$19,492
Net Assets$397,729
Open 2018 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Expenses 2011: $208,5562011Expenses 2012: $156,5202012Revenue 2013: $185,474Expenses 2013: $160,025Net Income 2013: $25,4492013Revenue 2014: $199,373Expenses 2014: $170,829Net Income 2014: $28,5442014Revenue 2015: $259,590Expenses 2015: $181,990Net Income 2015: $77,6002015Revenue 2016: $210,273Expenses 2016: $141,473Net Income 2016: $68,8002016Revenue 2017: $211,430Expenses 2017: $160,816Net Income 2017: $50,6142017Revenue 2018: $205,475Expenses 2018: $135,833Net Income 2018: $69,6422018Revenue 2019: $02019Revenue 2020: $255,126Expenses 2020: $120,438Net Income 2020: $134,6882020Revenue 2021: $241,027Expenses 2021: $123,553Net Income 2021: $117,4742021Revenue 2022: $200,297Expenses 2022: $137,598Net Income 2022: $62,6992022Revenue 2023: $232,466Expenses 2023: $144,750Net Income 2023: $87,7162023Revenue 2024: $272,659Expenses 2024: $152,329Net Income 2024: $120,3302024

Highlighted filing

2018

Revenue$205,475
Expenses$135,833
Net Income$69,642
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$205,475
Mission and Program Overview

Mission

Multi-denominational campus ministry organized to strengthen the spiritual lives of college students. Prepare operates primarily through regular large-group meetings, one-to-one and small group mentoring, and local and global missions outreach.

Multi-denominational campus ministry organized to strengthen the spiritual lives of college students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$240,768$315,301▲ $74,533
Savings and Temporary Cash Investments$108,639$96,872▼ $11,767
Investments in Publicly Traded Securities$2,826$3,184▲ $358
Inventories for Sale or Use$1,864$1,864→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$354,097$417,221▲ $63,124
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$26,010$19,492▼ $6,518
Total Liabilities$26,010$19,492▼ $6,518
Net Assets / Fund Balance
Unrestricted Net Assets$289,468$372,032▲ $82,564
Temporarily Rstr Net Assets$38,619$25,697▼ $12,922
Total Net Assets Fund Balance$328,087$397,729▲ $69,642
Total Liabilities and Net Assets / Fund Balance$354,097$417,221▲ $63,124

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,600$5,600
Other Land Buildings-$1,240$1,240
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary GilbertsonExecutive DirectorFT$12,000$24,000$36,000

Board Members and Trustees

NameTitle
Adam JohnsonChair/Treasurer
Dennis LundquistDirector
James McCrackenDirector
Karen OglesbyDirector
Kathleen LundquistDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$200,547
Program Service Revenue
$4,017
Investment Income
$911
Other Revenue
$0
All Other Contributions
$200,547
Change in Net Assets
$69,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,165
Salaries, Compensation, and Employee Benefits$40,686
Grants and Similar Amounts Paid$1,982
Total Fundraising Expense$511
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,000$9,000-$36,000
Travel$20,351$2,035$226$22,612
Other Salaries and Wages$2,626$875-$3,501
All Other Expenses$1,561$926$285$2,772
Fees for Services Other$1,937$646-$2,583
Occupancy$1,720--$1,720
Conferences and Meetings$1,247--$1,247
Grants to Domestic Orgs$1,208--$1,208
Payroll Taxes$889$296-$1,185
Other Expenses$560$560-$1,120
Information Technology$515$515-$1,030
Grants to Domestic Individuals$774--$774
Office Expenses$203$203-$406
Advertising$133--$133
Total Functional Expenses$109,326$25,996$511$135,833
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Dennis Lundquist and Kathleen Lundquist are married.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of directors reviews and approves the form 990 at the appropriate board meeting.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents, policies and bylaws, financial statements, and tax forms are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Prepare Ministries
EIN
20-1905688
Phone
5072021280
Address
12901 Roberts Drive, Eden Prairie, MN 55346

Signing Officer

Name
Adam Johnson
Title
Treasurer
Signed
2019-11-15

Organization Details

Principal Officer
Gary Gilbertson
Formed
2004
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
50
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IRS990/ProgSrvcAccomActy2Grp/Desc0Prepare held regular weekly meetings at six college campuses in the regions of Minnesota, Wisconsin and Iowa. Additionaly, Prepare facilitated small groups and mentoring relationships outside of regular meetings. In total, approximately 400 students were benefitted.
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt069642
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04017
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0108639
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096872
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0200547
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0209459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0208874
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0255535
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0190591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01065006
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0911
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0489
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0175
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0198
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01934
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05159
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt07584
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt022138
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0489
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0198
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01934
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99890
IRS990ScheduleA/PublicSupportTotal509Amt01087144
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0259429
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0198175
IRS990ScheduleA/Total509Grp/TotalAmt01087144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0205476
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0214208
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0259590
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198373
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01089078
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05600
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05600
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01240
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01240
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Dennis Lundquist and Kathleen Lundquist are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board of directors reviews and approves the form 990 at the appropriate board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies and bylaws, financial statements, and tax forms are available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt038619
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt025697
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0354097
IRS990/TotalAssetsEOYAmt0417221
IRS990/TotalAssetsGrp/BOYAmt0354097
IRS990/TotalAssetsGrp/EOYAmt0417221
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0200547
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0511
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0109326
IRS990/TotalFunctionalExpensesGrp/TotalAmt0135833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026010
IRS990/TotalLiabilitiesEOYAmt019492
IRS990/TotalLiabilitiesGrp/BOYAmt026010
IRS990/TotalLiabilitiesGrp/EOYAmt019492
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0328087
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0397729
IRS990/TotalOtherCompensationAmt024000
IRS990/TotalProgramServiceExpensesAmt0109326
IRS990/TotalProgramServiceRevenueAmt04017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$417,221
Liabilities
$19,492
Net assets
$397,729
Revenue
$205,475
Expenses
$135,833
Net income
$69,642
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.05$0.99$0.27$0.15$0.12
2023Summary only. Only limited summary data is available for this year.$0.90$0.04$0.87$0.23$0.14$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.02$0.78$0.20$0.14$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.02$0.72$0.24$0.12$0.12
2020Summary only. Only limited summary data is available for this year.$0.62$0.02$0.60$0.26$0.12$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.21$0.14$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.03$0.33$0.21$0.16$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.02$0.28$0.21$0.14$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.03$0.21$0.26$0.18$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.02$0.13$0.20$0.17$0.03
2013Summary only. Only limited summary data is available for this year.$0.13$0.02$0.10$0.19$0.16$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.02$0.08$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.02$0.09$0.21