Nonprofit · EIN 04-3615764
PURPOSE INSTITUTE INC
Tax-exempt · CANTON, OH 44706
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $907,937 | $946,654 | -$38,717 | $55,943 | $8,840 | $47,103 |
| July 31, 2024 | 990 | $859,530 | $857,901 | $1,629 | $95,697 | $9,877 | $85,820 |
| July 31, 2023 | 990 | $963,079 | $993,400 | -$30,321 | $100,850 | $16,659 | $84,191 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $530,142
- Program service revenue
- $377,795
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $123,539
- Other salaries and wages
- $36,832
- Salaries, compensation and benefits (total)
- $169,827
- Professional fundraising fees
- $0
- Accounting fees
- $7,094
- Depreciation
- $7,623
- Program services (functional)
- $839,316
- Management and general (functional)
- $107,338
Balance sheet and other
- Total assets, start of year
- $95,697
- Total assets, end of year
- $55,943
- Total liabilities, end of year
- $8,840
- Net assets, end of year
- $47,103
- Land, buildings and equipment
- $15,262
- Net assets without donor restrictions
- $47,103
- Gross receipts
- $907,937
- Employees
- 2
- Volunteers
- 15
- Year formed
- 2001
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN MICHAEL | Director of Campuses Trustee or director, Officer | 4 | $38,698 |
| FINIS JOE ELLIS | President Trustee or director, Officer | 8 | $28,779 |
| DR JAMES LITTLES | Director of Academics Trustee or director, Officer | 4 | $12,450 |
| STEVE SCHOBERT | Director of Operations Trustee or director, Officer | 4 | $10,450 |
| THOMAS ELLIS | Director of Marketing Trustee or director, Officer | 4 | $8,350 |
| GEORGE SZABOLCSI | Executive Board Trustee or director | 2 | $0 |
| DIANA REED | Executive Board Trustee or director | 2 | $0 |
| TIMOTHY LEE | Executive Board Trustee or director | 2 | $0 |
| SERGEY TOMYEV | Executive Board Trustee or director | 2 | $0 |
| TRAVIS MILLER | Executive Board Trustee or director | 2 | $0 |
| AKIL THOMPSON | Executive Board Trustee or director | 2 | $0 |
990 for the year ended July 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN MICHAEL | Director of Campuses Trustee or director, Officer | 4 | $41,648 |
| FINIS JOE ELLIS | President Trustee or director, Officer | 8 | $29,579 |
| DR JAMES LITTLES | Director of Academics Trustee or director, Officer | 4 | $13,200 |
| STEVE SCHOBERT | Director of Operations Trustee or director, Officer | 4 | $11,200 |
| THOMAS ELLIS | Director of Marketing Trustee or director, Officer | 4 | $9,000 |
| GEORGE SZABOLCSI | Executive Board Trustee or director | 2 | $0 |
| JAMES LASHLEY | Executive Board Trustee or director | 2 | $0 |
| DIANA REED | Executive Board Trustee or director | 2 | $0 |
| TIMOTHY LEE | Executive Board Trustee or director | 2 | $0 |
| SERGEY TOMYEV | Executive Board Trustee or director | 2 | $0 |
| TRAVIS MILLER | Executive Board Trustee or director | 2 | $0 |
| AKIL THOMPSON | Executive Board Trustee or director | 2 | $0 |
990 for the year ended July 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN MICHAEL | Director of Campuses Trustee or director, Officer | 4 | $43,348 |
| FINIS JOE ELLIS | President Trustee or director, Officer | 8 | $29,729 |
| DR JAMES LITTLES | Director of Academics Trustee or director, Officer | 4 | $11,500 |
| STEVE SCHOBERT | Director of Operations Trustee or director, Officer | 4 | $11,450 |
| THOMAS ELLIS | Director of Marketing Trustee or director, Officer | 4 | $10,350 |
| GEORGE SZABOLCSI | Executive Board Trustee or director | 2 | $0 |
| JAMES LASHLEY | Executive Board Trustee or director | 2 | $0 |
| DIANA REED | Executive Board Trustee or director | 2 | $0 |
| TIMOTHY LEE | Executive Board Trustee or director | 2 | $0 |
| SERGEY TOMYEV | Executive Board Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 901 DUEBER AVE SW, CANTON, OH 44706-5123
- In care of
- % FINIS EILLIS
- Principal officer (990 for 2024)
- Finis Joe Ellis, PO Box 6433, Canton, OH 44706
- Signed the 990
- FINIS EILLIS, President
- Phone
- (800) 735-7956
- Website
- WWW.PURPOSEINSTITUTE.COM
- Return prepared by
- The Sherley Group Inc
Mission
Training in ministerial studies and leadership provided to pastors and ministers.
Program accomplishments
- 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.Expenses $839,316 · revenue $377,795
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 04-3615764
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $55,943
- Income (IRS master file)
- $907,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $907,937 | $946,654 | $55,943 | XML |
| 990 | July 2024 | $859,530 | $857,901 | $95,697 | XML |
| 990 | July 2023 | $963,079 | $993,400 | $100,850 | XML |
| 990 | July 2022 | $405,096 | $435,604 | $116,837 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3615764).
Questions about PURPOSE INSTITUTE INC
- What is the EIN of PURPOSE INSTITUTE INC?
- The employer identification number (EIN) of PURPOSE INSTITUTE INC is 04-3615764.
- Is PURPOSE INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to PURPOSE INSTITUTE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURPOSE INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PURPOSE INSTITUTE INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PURPOSE INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of PURPOSE INSTITUTE INC?
- The 990 for the year ended July 31, 2025 names Finis Joe Ellis.
- Who are the officers and directors of PURPOSE INSTITUTE INC?
- The 990 for the year ended July 31, 2025 lists 11 people; 5 received compensation from the organization, the highest $38,698 (BRIAN MICHAEL, Director of Campuses).
- How much revenue does PURPOSE INSTITUTE INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $907,937, expenses of $946,654 and total assets of $55,943 at year end.
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