Prepare International
- Assets
- $560.7k
- Revenue
- $988.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Lubbock, TX
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 81-0660324
Organization Overview
Prepare International is located in Lubbock, TX. The organization was established in 2005. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Prepare International employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prepare International 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 12/2021, Prepare International generated $988.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $954.1k during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN AND RESOURCE CHRISTIAN LEADERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN, RESOURCE AND NETWORK CHRISTIAN LEADERS THROUGHOUT EUROPE AND THE WORLD, IN THE MOST APPROPRIATE WAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Boyd President | Officer | 40 | $0 |
Callie Boyd Secretary | Officer | 40 | $0 |
Moody J White Vice President | Officer | 40 | $0 |
Bob Eagle Director | Trustee | 1 | $0 |
Warren S Beard Director | Trustee | 1 | $0 |
Roch Larocca Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,775 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $948,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $974,632 |
| Total Program Service Revenue | $0 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $782 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,021 |
| Grants and other assistance to domestic individuals. | $66,295 |
| Grants and other assistance to Foreign Orgs/Individuals | $28,510 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,747 |
| Compensation of current officers, directors, key employees. | $32,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,642 |
| Pension plan accruals and contributions | $2,256 |
| Other employee benefits | $0 |
| Payroll taxes | $7,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,973 |
| Office expenses | $38,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,514 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,364 |
| Insurance | $27,474 |
| All other expenses | $84 |
| Total functional expenses | $954,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,578 |
| Savings and temporary cash investments | $148,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $53,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,307 |
| Total assets | $560,689 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,924 |
| Total liabilities | $6,924 |
| Net assets without donor restrictions | $553,765 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $560,689 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prepare International has recieved totaling $5,400.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |