PURPOSE INSTITUTE INC

EIN: 043615764 501(c)(3) Religion

CANTON, OH

Total Revenue
$907,937
Total Expenses
$946,654
Total Assets
$55,943
Net Assets
$47,103
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
OH
Principal Officer
Finis Joe Ellis
Phone
8007357956
Tax Period
2024-08-01 to 2025-07-31

PURPOSE INSTITUTE INC, founded in 2001, is a small nonprofit in the Religion sector that reported $908K in total revenue in fiscal year 2024.

Mission

Training in ministerial studies and leadership provided to pastors and ministers.

Program Service Accomplishments

Program 1
Expenses: $839,316 Revenue: $377,795

Training in ministerial studies adn leadership provided to pastors and minsters. PI has approximately 100 campuses in 16 nations and 26 US states serving nearly 800 students.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $530,142
Program Service Revenue $377,795
Investment Income $0
Other Revenue $0
TOTAL REVENUE $907,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,827
Fundraising Expenses $0
Program Expenses $839,316
Other Expenses $776,827
TOTAL EXPENSES $946,654

Year-over-Year Comparison

2024 2023 Change
Revenue $907,937 $859,530 +0.1%
Expenses $946,654 $857,901 +0.1%
Net Income $-38,717 $1,629 -24.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
6
Employees
2
Volunteers
15

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$98,727
Total Directors
11
$98,727
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN MICHAEL Director of Campuses 4.00
Officer Director
$38,698 $0 $38,698
FINIS JOE ELLIS President 8.00
Officer Director
$28,779 $0 $28,779
DR JAMES LITTLES Director of Academics 4.00
Officer Director
$12,450 $0 $12,450
STEVE SCHOBERT Director of Operations 4.00
Officer Director
$10,450 $0 $10,450
THOMAS ELLIS Director of Marketing 4.00
Officer Director
$8,350 $0 $8,350
GEORGE SZABOLCSI Executive Board 2.00
Director
$0 $0 $0
DIANA REED Executive Board 2.00
Director
$0 $0 $0
TIMOTHY LEE Executive Board 2.00
Director
$0 $0 $0
SERGEY TOMYEV Executive Board 2.00
Director
$0 $0 $0
TRAVIS MILLER Executive Board 2.00
Director
$0 $0 $0
AKIL THOMPSON Executive Board 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $907,937 $946,654 $55,943 $-38,717
2024 $859,530 $857,901 $95,697 $1,629
2023 $963,079 $993,400 $100,850 $-30,321
2022 $405,096 $435,604 $116,837 $-30,508
2021 $410,282 $375,942 $151,826 $34,340
2020 $455,946 $463,961 $113,029 $-8,015
2019 $517,334 $520,187 $125,782 $-2,853
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