Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $52K paid to officers and key staff (Part VII, Section A).
Gary Gilbertson’s $52K as Executive Dir. is at the 53rd percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Gary Gilbertson | $51,600 | $48,600 | $41,850 | $39,600 | $39,600 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Prepare Ministries executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Strengthens college students' spiritual lives through multi-denominational campus ministry.
Questions for Prepare Ministries
Your first name shows with your question. Prepare Ministries answers here, for everyone.
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.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1905688) · Dispute this linePrepare 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.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-1905688) · Dispute this lineBy the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $900K | $1.0M |
| InvestmentsLn 11–13 | $3K | $3K |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $905K | $1.0M |
| LiabilitiesLn 26 | $37K | $46K |
| Net assetsLn 32 | $868K | $988K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $10K | $10K | ||
| Grants to domestic individualsLn 2 | $500 | $500 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $52K | $39K | $13K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $11K | $8K | $3K | |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $3K | $2K | $670 | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $4K | $3K | $903 | |
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $222 | $111 | $111 | |
| Information technologyLn 14 | $1K | $508 | $507 | |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $5K | $5K | ||
| TravelLn 17 | $9K | $8K | $820 | $91 |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $998 | $998 | ||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $50K | $38K | $12K | |
| All other expensesLn 24e | $4K | $3K | $993 | $324 |
| Total functional expensesLn 25 | $152K | $118K | $34K | $415 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 18, 2025 | $273K | $152K | $120K | $988K | 990 PDF |
| FY2023Filed with the IRS Nov 15, 2024 | $232K | $145K | $88K | $868K | 990 PDF |
| FY2022Filed with the IRS Nov 16, 2023 | $200K | $138K | $63K | $780K | 990 PDF |
| FY2021Filed with the IRS Nov 12, 2022 | $241K | $124K | $117K | $718K | 990 PDF |
| FY2020Filed with the IRS Apr 5, 2022 | $255K | $120K | $135K | $600K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $272,659 revenue, 12 lines filed
Part VI · Governance 4 of 5 board members independent, 5 to look at
Part VIII · Statement of revenue $272,659 across 9 lines filed
Part IX · Statement of functional expenses $152,329 across 31 lines filed
Part X · Balance sheet $1,034,650 assets, 21 lines filed
Part XI · Reconciliation of net assets $988,346 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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