Pastors Study
Nonprofit profile at a glance
- EIN
- 900629547
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Minneapolis, MN, USA
- Phone
- 7635668145
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Religious Media, Communications
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $806,024
- Expenses
- $850,075
- Assets
- $426,204
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- K FORSS (PRESIDENT)
- T PRICHARD (VICE PRESIDENT)
Highest reported compensation
- THOMAS BROCK (HEAD PASTOR): $52,459 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The pastor's study is organized exclusively for evangelistic, church- edifying, and educational purposes. Specifically, the purpose of the pastor's study is to set people free by preaching the truth of christ for the salvation of the lost and for the correction and edification of the church. This will be accomplished through radio and television programs, through the internet and literature, and through speaking engagements to present the gospel message.
What it reported doing in 2024
We believe we are reaching people for jesus christ. The exact accomplishments we won't know this side of heaven!
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.2%; rating input score 95
- Fundraising efficiency: $29.44 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.5%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 21.3% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 18.8% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 15.7% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.2% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $810K in reported program spending
- Leadership: top reported pay $52K · 6 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.