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Prophecy Watchers Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Religious Printing, Publishing (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$3.97M (2022)

Expenses
$3.46M (2022)

Total Assets
$2.58M (2022)

Total Liabilities
$411k (2022)

Source: Form 990 tax filings from 2014 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,974,702
Expenses
$3,463,988
Net Income
$510,714
Net Assets
$2,172,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,056,538
51.7%
Program Services $1,872,985
47.1%
Investment Income $1,204
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$522
Net Inventory Sales $0
Other Revenue $44,497
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $634,635
18.3%
Assets/Debt
Total Assets $2,583,847
Total Liabilities $411,310
Net Assets $2,172,537
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $0 $0 $0
Robert J Ulrich (Cfo) $0 $0 $0
Kristina G Ulrich (Secretary/Tr) $0 $0 $0
Leslie C Vaughn (Director) $0 $0 $0
Don Mercer (Director) $0 $0 $0
Larry Ollison (Director) $0 $0 $0
Armondo Gonzalez (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,358,704
Expenses
$2,972,267
Net Income
$386,437
Net Assets
$1,661,823
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,083,584
32.3%
Program Services $2,269,968
67.6%
Investment Income $1,593
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$90,438
Net Inventory Sales $0
Other Revenue $93,997
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $522,189
17.6%
Assets/Debt
Total Assets $2,102,531
Total Liabilities $440,708
Net Assets $1,661,823
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
John B Davis (Director) $0 $0 $0
Don Mercer (Director) $0 $0 $0
Larry Ollison (Director) $0 $0 $0
Doris R Stearman (Treasurer) $0 $0 $0
Gary G Stearman (President) $0 $0 $0
Kristina G Ulrich (Secretary) $0 $0 $0
Robert J Ulrich (Cfo) $0 $0 $0
Leslie C Vaughn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,684,478
Expenses
$2,483,757
Net Income
$200,721
Net Assets
$1,275,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $777,146
28.9%
Program Services $1,839,015
68.5%
Investment Income $1,716
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $66,601
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $428,036
17.2%
Assets/Debt
Total Assets $2,291,867
Total Liabilities $1,016,481
Net Assets $1,275,386
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $67,083 $0 $0
Robert J Ulrich (Cfo) $67,083 $0 $0
Kristina G Ulrich (Secretary) $43,370 $0 $0
Doris R Stearman (Treasurer) $40,861 $0 $0
John B Davis (Director) $0 $0 $0
Don Mercer (Director) $0 $0 $0
Leslie C Vaughn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,350,523
Expenses
$2,266,393
Net Income
$84,130
Net Assets
$1,074,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $821,809
35.0%
Program Services $1,456,016
61.9%
Investment Income $4,030
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,000
0.1%
Net Inventory Sales $0
Other Revenue $65,668
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $383,964
16.9%
Assets/Debt
Total Assets $2,138,033
Total Liabilities $1,063,368
Net Assets $1,074,665
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $64,500 $0 $0
Robert J Ulrich (Cfo) $64,500 $0 $0
Kristina G Ulrich (Secretary) $43,220 $0 $0
Doris R Stearman (Treasurer) $40,820 $0 $0
John B Davis (Director) $0 $0 $0
Don Mercer (Director) $0 $0 $0
Leslie C Vaughn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,548,486
Expenses
$2,223,748
Net Income
$324,738
Net Assets
$990,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,004,629
39.4%
Program Services $1,516,401
59.5%
Investment Income $3,274
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $24,182
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $358,746
16.1%
Assets/Debt
Total Assets $1,341,633
Total Liabilities $351,098
Net Assets $990,535
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $56,480 $0 $0
Robert J Ulrich (Cfo) $56,480 $0 $0
Kristina G Ulrich (Secretary) $40,140 $0 $0
Doris R Stearman (Treasurer) $38,640 $0 $0
Leslie C Vaughn (Director) $0 $0 $0
Don Mercer (Director) $0 $0 $0
John B Davis (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,027,855
Expenses
$1,992,556
Net Income
$35,299
Net Assets
$665,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $443,199
21.9%
Program Services $1,546,693
76.3%
Investment Income $2,091
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,439
0.3%
Net Inventory Sales $0
Other Revenue $30,433
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $323,922
16.3%
Assets/Debt
Total Assets $1,008,100
Total Liabilities $342,303
Net Assets $665,797
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $49,801 $0 $0
Robert J Ulrich (Cfo) $49,801 $0 $0
Doris R Stearman (Treasurer) $35,041 $0 $0
Kristina G Ulrich (Secretary) $35,041 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,800,467
Expenses
$1,715,781
Net Income
$84,686
Net Assets
$630,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $415,493
23.1%
Program Services $1,381,769
76.7%
Investment Income $343
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,862
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $284,326
16.6%
Assets/Debt
Total Assets $973,086
Total Liabilities $342,588
Net Assets $630,498
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $44,041 $0 $0
Robert J Ulrich (Cfo) $44,041 $0 $0
Doris R Stearman (Treasurer) $30,541 $0 $0
Kristina G Ulrich (Secretary) $30,541 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,307,450
Expenses
$901,413
Net Income
$406,037
Net Assets
$545,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $789,572
60.4%
Program Services $507,074
38.8%
Investment Income $2,194
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,610
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $200,066
22.2%
Assets/Debt
Total Assets $1,005,292
Total Liabilities $459,480
Net Assets $545,812
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Gary G Stearman (President) $44,500 $0 $0
Robert J Ulrich (Cfo) $44,500 $0 $0
Doris R Stearman (Treasurer) $38,500 $0 $0
Kristina G Ulrich (Secretary) $38,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$193,181
Expenses
$53,406
Net Income
$139,775
Net Assets
$139,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $167,396
86.7%
Program Services $25,754
13.3%
Investment Income $31
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $171,570
Total Liabilities $31,795
Net Assets $139,775

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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