Practice Ministries
- Assets
- $488.8k
- Revenue
- $311.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 75-2664146
Organization Overview
Practice Ministries is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Practice Ministries employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Practice Ministries is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Practice Ministries generated $311.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $289.1k during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRACTICE MINISTRIES IS ALL ABOUT DADS AND KIDS DOING BIBLE STUDY TOGETHER WITH OTHER DADS AND THEIR SONS OR DAUGHTERS. IT'S ABOUT PUTTING GOD'S WORD INTO PRACTICE TOGETHER WHILE HAVING A LOT OF FUN DOING IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRACTICE MINISTRIES CONTINUES TO ESTABLISH AND CONTINUE BIBLE STUDIES FOR DADS AND THEIR CHILDREN (PRIMARILY GRADES 3-9). THESE BIBLE STUDIES ARE PRIMARILY IN TEXAS, BUT EACH YEAR THERE ARE DOWNLOADS FROM ALL 50 UNITED STATES AND OVER 100 COUNTRIES FROM OUR WEBSITE.
INTERNATIONAL SUPPORT: THE PM TRANSLATION CENTER HELPS PAY FOR TRANSLATIONS OF PM LESSON SERIES, AS WELL AS PRINT AND DISTRIBUTION OF PM MATERIALS TO PASTORS WHO DO NOT HAVE THE FINANCIAL RESOURCES TO PROVIDE DISCIPLESHIP MATERIALS FOR THEIR CHURCHES AND COMMUNITIES, PRIMARILY IN AREAS WHERE ACCESS TO THE INTERNET IS LIMITED. PM CURRENTLY HAS TRANSLATIONS OF OUR LESSON SERIES UNDERWAY IN 20 LANGUAGES.PM ALSO HELPS PROVIDE OUR LESSON SERIES, FOOD, AND TRANSPORTATION FOR PM CONFERENCE PARTICIPANTS IN 10 AFRICAN COUNTRIES. THESE CONFERENCES HELP TEACH PASTORS AND FATHERS HOW TO DISCIPLE THEIR CHILDREN BY DOING BIBLE STUDIES TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William P Zukoski Co-Founder | Officer | 40 | $91,616 |
Brant Bernet Trustee | Trustee | 1 | $0 |
Casey Gurganus Trustee | Trustee | 0 | $0 |
Taylor Hunt Trustee | Trustee | 0 | $0 |
Pete Jones Trustee | Trustee | 0 | $0 |
Bob Lilly Jr Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,847 |
| Total Program Service Revenue | $0 |
| Investment income | $6,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,963 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,616 |
| Compensation of current officers, directors, key employees. | $7,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,648 |
| Pension plan accruals and contributions | $3,748 |
| Other employee benefits | $2,572 |
| Payroll taxes | $12,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,605 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,263 |
| Total functional expenses | $289,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,959 |
| Savings and temporary cash investments | $442,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $488,834 |
| Accounts payable and accrued expenses | $2,084 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $459 |
| Total liabilities | $2,543 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $486,291 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $488,834 |