People Of Praise Inc
- Assets
- $17.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 75
- Location
- South Bend, IN
- Founding
- 12/1969
- Data as of
- 06/2022
- EIN
- 23-7036494
Organization Overview
People Of Praise Inc is located in South Bend, IN. The organization was established in 1969. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 06/2022, People Of Praise Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. People Of Praise Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, People Of Praise Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TEACHING AND TRAINING PROGRAMS TO DEVELOP CHRISTIAN LEADERSHIP AND PERSONAL CHRISTIAN GROWTH FOR THE ENTIRE MEMBERSHIP. THIS INCLUDES INCLUDE YOUTH PROGRAMS RETREATS MUSIC MINISTRIES & PASTORAL CARE AND EVANGELICAL OUTREACH.
Describe the Organization's Program Activity:
TEACHING & TRAINING PROGRAMS TO DEVELOP CHRISTIAN LEADERSHIP AND PERSONAL CHRISTIAN GROWTH FOR THE ENTIRE MEMBERSHIP. THIS INCLUDES MEETINGS CONFERENCES AND TRAVEL.
EVANGELICAL OUTREACH PROGRAMS ARE COMPRISED OF MISSIONARIES IN VARIOUS CITIES PUBLIC REVIVAL MEETINGS AND YOUTH TRAINING INCLUDING CONFERENCES. IT ALSO INCLUDES MISSIONARY RENT STAFF PAYROLL UTILITIES TRAVEL FOOD AND OTHER MISCELLANEOUS EXPENSES FOR THE YOUTH PROGRAMS.
MEMBER ACTIVITIES INCLUDE ACTION DIVISION YOUTH CAMPS IN POOR NEIGHBORHOODS RETREATS PASTORAL CARE AND TRAINING AND NEIGHBORHOOD PICNICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Lent President Ended 11 3 21 | Trustee | 5 | $0 |
Charlie Fraga President Began 11 3 21 | Trustee | 40 | $64,749 |
Phil Monaco Secretary Director | Trustee | 20 | $23,333 |
Paul Kane Chief Financial Off Non-Vote Officer | 10 | $19,188 | |
Thomas Caneff Director | Trustee | 3 | $2,000 |
Sean Connolly Director | Trustee | 40 | $66,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $29,622 |
| Related organizations | $360,624 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,353,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,743,298 |
| Total Program Service Revenue | $1,201,802 |
| Investment income | $42,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $158,972 |
| Net Gain/Loss on Asset Sales | $266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,204,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,052,267 |
| Grants and other assistance to domestic individuals. | $209,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $327,893 |
| Compensation of current officers, directors, key employees. | $327,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $896,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,550 |
| Payroll taxes | $63,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124,324 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,999 |
| Fees for services: Other | $17,247 |
| Advertising and promotion | $0 |
| Office expenses | $84,301 |
| Information technology | $19,713 |
| Royalties | $0 |
| Occupancy | $679,441 |
| Travel | $99,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129,686 |
| Interest | $2,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,727 |
| Insurance | $100,561 |
| All other expenses | $12,652 |
| Total functional expenses | $5,769,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,114,455 |
| Savings and temporary cash investments | $774,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $488,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,743 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,407 |
| Net Land, buildings, and equipment | $5,343,364 |
| Investments—publicly traded securities | $3,533,692 |
| Investments—other securities | $0 |
| Investments—program-related | $5,125,289 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,441,848 |
| Accounts payable and accrued expenses | $76,347 |
| Grants payable | $0 |
| Deferred revenue | $41,974 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $480,870 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $599,191 |
| Net assets without donor restrictions | $12,944,644 |
| Net assets with donor restrictions | $3,898,013 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,441,848 |
Grants Awarded
Over the last fiscal year, People Of Praise Inc has awarded $1,936,187 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY SCHOOLS INC PURPOSE: Tuition Assistance | $189,882 |
TRINITY ACADEMY INC PURPOSE: Tuition Assistance | $1,746,105 |
CARIBBEAN RELIEF FUND PURPOSE: Feeding the Hungry | $200 |