Nonprofit · EIN 20-1905688
PREPARE MINISTRIES
Tax-exempt · EDEN PRAIRIE, MN 55346
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $272,659 | $152,329 | $120,330 | $1,034,650 | $46,304 | $988,346 |
| December 31, 2023 | 990 | $232,466 | $144,750 | $87,716 | $904,593 | $36,577 | $868,016 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $252,988
- Program service revenue
- $744
- Investment income
- $18,927
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,200
- Compensation of officers, directors and key employees
- $51,600
- Other salaries and wages
- $11,000
- Salaries, compensation and benefits (total)
- $65,278
- Professional fundraising fees
- $0
- Occupancy
- $5,326
- Travel
- $9,115
- Program services (functional)
- $118,050
- Management and general (functional)
- $33,864
- Fundraising (functional)
- $415
Balance sheet and other
- Total assets, start of year
- $904,593
- Total assets, end of year
- $1,034,650
- Total liabilities, end of year
- $46,304
- Net assets, end of year
- $988,346
- Publicly traded securities
- $2,730
- Net assets without donor restrictions
- $988,346
- Gross receipts
- $272,659
- Employees
- 2
- Volunteers
- 50
- Year formed
- 2004
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Gilbertson | Executive Dir. Trustee or director, Officer | 50 | $51,600 |
| Adam Johnson | Chair/Treasurer Trustee or director, Officer | 2 | $0 |
| Dennis Lundquist | Director Trustee or director | 0 | $0 |
| Kathleen Lundquist | Director Trustee or director | 0 | $0 |
| Karen Oglesby | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gary Gilbertson | Executive Dir. Trustee or director, Officer | 50 | $48,600 |
| Adam Johnson | Chair/Treasurer Trustee or director, Officer | 2 | $0 |
| Dennis Lundquist | Director Trustee or director | 0 | $0 |
| Kathleen Lundquist | Director Trustee or director | 0 | $0 |
| Karen Oglesby | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 12901 ROBERTS DR, EDEN PRAIRIE, MN 55346-3212
- Principal officer (990 for 2024)
- Gary Gilbertson, 12901 Roberts Drive, Eden Prairie, MN 55346
- Signed the 990
- Adam Johnson, Treasurer
- Phone
- (507) 202-1280
- Website
- www.prepareministries.com
Mission
MULTI-DENOMINATIONAL CAMPUS MINISTRY ORGANIZED TO STRENGTHEN THE SPIRITUAL LIVES OF COLLEGE STUDENTS.
Program accomplishments
- Prepare held several conferences and events including the annual banquet, summer camel camp, regional retreats, fall conference, international mission trips, and more. In total, approximately 300 students attended.Expenses $70,831 · revenue $744
- Prepare held regular weekly meetings at five college campuses in the regions of Minnesota and Iowa. Additionaly, Prepare facilitated small groups and mentoring relationships outside of regular meetings. In total, approximately 300 students were benefitted.Expenses $47,219
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1905688
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $1,034,650
- Income (IRS master file)
- $272,659
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $272,659 | $152,329 | $1,034,650 | IRS |
| 990 | December 2023 | $232,466 | $144,750 | $904,593 | XML |
| 990 | December 2022 | $200,297 | $137,598 | $805,148 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1905688).
Questions about PREPARE MINISTRIES
- What is the EIN of PREPARE MINISTRIES?
- The employer identification number (EIN) of PREPARE MINISTRIES is 20-1905688.
- Is PREPARE MINISTRIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to PREPARE MINISTRIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PREPARE MINISTRIES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PREPARE MINISTRIES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PREPARE MINISTRIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PREPARE MINISTRIES?
- The 990 for the year ended December 31, 2024 names Gary Gilbertson.
- Who are the officers and directors of PREPARE MINISTRIES?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $51,600 (Gary Gilbertson, Executive Dir.).
- How much revenue does PREPARE MINISTRIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $272,659, expenses of $152,329 and total assets of $1,034,650 at year end.
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All nonprofits in EDEN PRAIRIE · Minnesota · Religion-related