Precept Ministries Inc.
Charitable organization · Brantford, Ontario · BN 136038221RR0001 · Support of Religion · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($967,348) as filed with the CRA.
Precept Ministries Inc. is a charitable organization based in Brantford, Ontario, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $1M in revenue and $967K in expenditures.
Its funding that year was roughly 31% from donations, 20% from other charities. In 2024, 9 other registered charities reported granting it a combined $217K.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 32% of peers. Its fundraising cost per donated dollar was higher than 83% of that peer group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 5 permanent full-time positions.
Its filed list of directors and trustees shows 6 names.
In its own words
Promote and provide materials for effective inductive Bible study Organize and deliver workshops for instructing individuals in effective inductive Bible study principles Train individuals to be effective inductive Bible study leaders Supply and sell materials literature and instructional guides for inductive Bible study
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1M | $967K | $795K | $40K | — | $1.9M |
| 2023 | $1.2M | $1.2M | $957K | $60K | — | $1.9M |
| 2022 | $888K | $894K | $767K | $49K | — | $1.8M |
| 2021 | $899K | $783K | $675K | $41K | — | $1.8M |
| 2020 | $1000K | $784K | $702K | $0 | $0 | $2.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $217K from 9 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- $40,000–79,9994 positions
- Permanent full-time positions5
- Total compensation, all staff$488K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
David Roach (president); Elizabeth Schmidt (treasurer); Jeff Reimer (director); Cindy Grantham (secretary); Pete De Lacy (director); Carol Folkeringa (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Precept Ministries Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 136038221RR0001), or read how we compute the receipt.