Civic Intelligence

Prepare Ministries

990 • Fiscal year 2020 • EIN 20-1905688

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 04, 2022

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

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.07x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

91st percentile

53%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

62nd percentile

$39,600

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 15.5% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Flat

$618,753

Flat from 2020

Net Assets

Flat

$600,127

Flat from 2020

Liabilities

Flat

$18,626

Flat from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin91st percentile

Revenue

Flat

$255,126

Flat from 2020

Expenses

Flat

$120,438

Flat from 2020

Net Income

Flat

$134,688

Flat from 2020

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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 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

2020

Assets$618,753
Liabilities$18,626
Net Assets$600,127
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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 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

2020

Revenue$255,126
Expenses$120,438
Net Income$134,688
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 4, 2022
Return Version
2020v4.0
Gross Receipts
$255,126
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$296,710$429,670▲ $132,960
Savings and Temporary Cash Investments$183,351$183,172▼ $179
Investments in Publicly Traded Securities$3,971$4,047▲ $76
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$485,896$618,753▲ $132,857
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$20,457$18,626▼ $1,831
Total Liabilities$20,457$18,626▼ $1,831
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$451,737$587,056▲ $135,319
Net Assets With Donor Restrictions$13,702$13,071▼ $631
Total Net Assets Fund Balance$465,439$600,127▲ $134,688
Total Liabilities and Net Assets / Fund Balance$485,896$618,753▲ $132,857

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,600$5,600
Other Land Buildings-$1,240$1,240
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gary GilbertsonExecutive DirectorFT$39,600$39,600

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$253,391
Program Service Revenue
$910
Investment Income
$825
Other Revenue
$0
All Other Contributions
$253,391
Change in Net Assets
$134,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,805
Salaries, Compensation, and Employee Benefits$42,133
Grants and Similar Amounts Paid$7,500
Total Fundraising Expense$205
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$29,700$9,900-$39,600
Travel$7,389$739$82$8,210
Occupancy$5,026--$5,026
Grants to Domestic Orgs$5,000--$5,000
Fees for Services Other$2,162$720-$2,882
All Other Expenses$1,424$1,252$123$2,799
Foreign Grants$2,500--$2,500
Other Expenses$1,431$75-$1,506
Other Salaries and Wages$1,125$375-$1,500
Payroll Taxes$775$258-$1,033
Conferences and Meetings$764--$764
Information Technology$328$327-$655
Insurance-$434-$434
Office Expenses$111$111-$222
Total Functional Expenses$95,467$24,766$205$120,438
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
2022-04-04

Organization Details

Principal Officer
Gary Gilbertson
Formed
2004
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
50
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0253391
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0209227
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0200547
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0209459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0208874
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01081498
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0825
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01544
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0911
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0489
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0175
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03944
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0910
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04284
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05159
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015854
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0825
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01544
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0911
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0489
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03944
IRS990ScheduleA/InvestmentIncomeCYPct00.00360
IRS990ScheduleA/InvestmentIncomePYPct00.00300
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99640
IRS990ScheduleA/PublicSupportPY509Pct00.99700
IRS990ScheduleA/PublicSupportTotal509Amt01097352
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0254301
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0213511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0204565
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0210942
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0214033
IRS990ScheduleA/Total509Grp/TotalAmt01097352
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0255126
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0215055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0205476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0211431
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0214208
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01101296
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0618753
IRS990/TotalAssetsGrp/BOYAmt0485896
IRS990/TotalAssetsGrp/EOYAmt0618753
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0253391
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0205
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024766
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095467
IRS990/TotalFunctionalExpensesGrp/TotalAmt0120438
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020457
IRS990/TotalLiabilitiesEOYAmt018626
IRS990/TotalLiabilitiesGrp/BOYAmt020457
IRS990/TotalLiabilitiesGrp/EOYAmt018626
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0465439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0600127
IRS990/TotalProgramServiceExpensesAmt095467
IRS990/TotalProgramServiceRevenueAmt0910
IRS990/TotalReportableCompFromOrgAmt039600
IRS990/TotalRevenueGrp/ExclusionAmt0825
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0910
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0255126
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0485896
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0618753
IRS990/TravelGrp/FundraisingAmt082
IRS990/TravelGrp/ManagementAndGeneralAmt0739
IRS990/TravelGrp/ProgramServicesAmt07389
IRS990/TravelGrp/TotalAmt08210
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012901 Roberts Drive
IRS990/USAddress/CityNm0Eden Prairie
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055346
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$618,753
Liabilities
$18,626
Net assets
$600,127
Revenue
$255,126
Expenses
$120,438
Net income
$134,688
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
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.02$0.60$0.26$0.12$0.13
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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