Preambula Group EIN 84-2075607

Preambula Group FY2023 filing

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Trains individuals and groups for evangelization work. For fiscal year 2023 it reported $705K in revenue, $614K in expenses, and $282K in net assets.Pt I

Type
Religious organization · Religion
Location
Conway, PA
Website
www.preambula.org
Filings
5 on file (2020–2023)
Revenue
$705KFY2023
Expenses
$614K
Net assets
$282K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-2075607 Religious organization Conway, PA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains individuals and groups for evangelization work.
Leadership
Michel Therrien · President, CEO, Director · $163K
Money in and out
$705K revenue, $614K expenses
Bottom line
81% program efficiency
Where the money goes · FY2023
Total revenue
$705K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$282K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $91K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.10 Fundraising $0.08
Program efficiency
81%
of spending reaches programs
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$705K
FY2023▲ +2%
Expenses
$614K
FY2023▼ -5%
Total assets
$282K
FY2023▲ +48%
Total liabilities
$66
FY2023▲ ×66
Total revenue
$705K
Pt VIII · Ln 12
Total expenses
$614K
Pt IX · Ln 25
Net assets
$282K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$91K
Total assetsPt X · Ln 16$282K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

2 program services account for $498K of program spending, described in the organization's own filed words · FY2023.
01

Discipleship Formation

Preambula group is a lay apostolate that exists to support the formation and growth of catholic disciples for the work of the new evangelization. Our work is focused on making our parishes and their faithful engaged in their encounters with christ through education, group study and prayer so that they will become disciples and build up…

$261Kprogram expense
02

The Metanoia Project

The metanoia project invests in the spiritual vitality and growth of parish staffs and key parish volunteers working in ministry. The initiative fosters personal and cultural transformation for the parish leadership team that cultivates trust and cohesion.

$237Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPreambula Group
EINHdr · item D84-2075607
Principal addressHdr · item CConway, PA
WebsiteHdr · item Jwww.preambula.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X22)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President, CEO, Director
$162,600Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michel Therrien’s $158K as President, CEO, Director is at the 98th percentile of top reported officer pay among 2136 $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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michel Therrien$158,128$162,600$162,000$162,600$166,950
Joshue Karabinos Vice$146,900
Kathleen Bachik$53,000$15,866
Marie Garesche$50,301$3,515
Sarah Jimenez$32,597$46,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$587K · 83%
Program service revenue$116K · 16%
Contributions & grants83%$587K
Program service revenue16%$116K
Other revenue$2K
Total revenueLn 12$705K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.10 Fundraising $0.08
Program services81%$498K
Management & general10%$64K
Fundraising8%$52K
Total functional expensesLn 25$614K

Balance Sheet

Part X · end of year
CashLn 1$198K
Total assetsLn 16$282K
Total liabilitiesLn 26$66
Total net assetsLn 32$282K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $198K · Operating expenses (Pt IX) $614K · Less non-cash grants $5K · Cash operating expenses/yr $609K
3.9 months
Where the money goes
Program services
Program services $498K · Total expenses $614K
81%
Management & General
Management & general $64K · Total expenses $614K
10%
Fundraising
Fundraising $52K · Total expenses $614K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $64K · Solicited contributions (3-yr avg) $617K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $587K · Total revenue $705K
83%
Government reliance
Government grants — · Total revenue $705K
Earned-income share
Program service revenue $116K · Total revenue $705K
16%
Investment reliance
Investment income $0 · Total revenue $705K
0%
Program self-sufficiency
Program service revenue $116K · Total expenses $614K
19%
Growth & trend
Revenue growth (YoY)
This year $705K · Prior year $693K
+2%
Net-asset trend (YoY)
End of year $282K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $705K · Expenses $614K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $282K
Net-asset ratio
Net assets $282K · Total assets $282K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $282K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michel Therrien · Reported title PRESIDENT, CEO, DIRECTOR · Highest reported compensation $163K · Total expenses $614K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $396K · Total expenses $614K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 10%
Fundraising cost ratio 9%
Revenue growth 2%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$407K revenue · ⤓ 990 PDF
FY2023$705K revenue · viewing · ⤓ 990 PDF
FY2022$693K revenue · ⤓ 990 PDF
FY2021$769K revenue · ⤓ 990 PDF
FY2020$504K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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