Salvation Poem Foundation
- Assets
- $15.2m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Sparta, WI
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-2652577
Organization Overview
Salvation Poem Foundation is located in Sparta, WI. The organization was established in 2011. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salvation Poem Foundation 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 12/2022, Salvation Poem Foundation generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Salvation Poem Foundation has awarded 22 individual grants totaling $2,919,765. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SALVATION POEM FOUNDATION (TSPF) DEVELOPS UNIQUE INTELLECTUAL PROPERTY USED WORLDWIDE TO SHARE THE CENTRAL MESSAGE OF CHRISTIANITY WITH OTHERS, AND TO OFFER RELIGIOUS TRAINING. THIS INTELLECTUAL PROPERTY IS DISTRIBUTED THROUGH A VARIETY OF DELIVERY METHODS AND HOSTED ON A PLETHORA OF DIGITAL PLATFORMS, BOTH FOR FREE AND FOR PAY, IN ORDER TO REACH THE BROADEST NUMBER OF PEOPLE. OVER 500,000,000 WORLDWIDE PEOPLE HAVE BEEN EXPOSED TO THE SALVATION POEM FOUNDATION'S INTELLECTUAL PROPERTY THROUGH PRINTED LITERATURE, RADIO AND TV BROADCASTS, WEBSITES, SOCIAL MEDIA, SMARTPHONE APPS, AND MORE, IN ROUGHLY 90 LANGUAGES. THE SALVATION POEM SONG, CUSTOM SMARTPHONE APPS, DIVERSE VIDEO CONTENT, AND OTHER MATERIALS DEVELOPED BY TSPF HAVE BEEN WIDELY USED TO ASSIST CHRISTIAN MISSIONS WORK GLOBALLY.
THE PRAYZ NETWORK IS A 24 HOUR-A-DAY NON-PROFIT RADIO GROUP BROADCASTING OVER WTPN-103.9, WESTBY, WI, WEQS-89.3, SPARTA, WI, WGSL-104.9, LA CROSSE, WI, AND WWJC-101.5, AUGUSTA/EAU CLAIRE, WI, AND STREAMING ONLINE AT: HTTP://PRAYZNETWORK.COM. PROGRAMMING CONSISTS OF BIBLECENTERED TEACHING AND MUSIC. THE PURPOSE OF THE PRAYZ NETWORK IS TO OFFER A CONSISTENT MESSAGE OF HOPE AND ENCOURAGEMENT TO LISTENERS. PROGRAMS ADDRESS ISSUES INCLUDING FAMILY RELATIONSHIPS, PHYSICAL, MENTAL AND SPIRITUAL HEALTH, PERSONAL FINANCES, AND SHARING NEEDS IN THE COMMUNITY AND OPPORTUNITIES TO MEET THOSE NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt A Mcpherson Director | 2 | $0 | |
Sherry Mcpherson Director | 2 | $0 | |
Joshua Abbott Secretary/treasurer | 5 | $0 | |
Kraig A Kestner President Of Iou, Director Of Tspf | 5 | $0 | |
Brennan Mcpherson President & Director | 40 | $183,214 | |
Stephen Mcpherson Vice-President & Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,342,967 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$54,187 |
| Capital Gain Net Income | $6,756,034 |
| Net ST Capital Gain | $6,756,034 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $358 |
| Total Revenue | $14,289,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $206,892 |
| Other employee salaries and wages | $704,716 |
| Pension plans, employee benefits | $75,843 |
| Interest | $0 |
| Taxes | $141,883 |
| Depreciation | $39,737 |
| Occupancy | $124,284 |
| Travel, conferences, and meetings | $11,278 |
| Printing and publications | $33,239 |
| Other expenses | $126,842 |
| Total operating and administrative expenses | $1,528,229 |
| Contributions, gifts, grants paid | $1,511,235 |
| Total expenses and disbursements | $3,039,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,808,351 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $821 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,984 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $202,084 |
| Other assets | $5,158,834 |
| Total assets | $15,172,074 |
| Accounts payable and accrued expenses | $47,215 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $759,400 |
| Other liabilities | $0 |
| Total liabilities | $806,615 |
Grants Awarded
Over the last fiscal year, Salvation Poem Foundation has awarded $1,511,235 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN HERITAGE BROADCASTING INC PURPOSE: MINISTRY DONATION | $170,000 |
CHOSEN PEOPLE MINISTRIES PURPOSE: MINISTRY DONATION | $12,000 |
CORPORATE CHAPLAINS OF AMERICA INC PURPOSE: MINISTRY DONATION | $12,000 |
CROWDED HOUSE CHURCH PURPOSE: MINISTRY DONATION | $124,235 |
I LIKE GIVING PURPOSE: MINISTRY DONATION | $50,000 |
OASIS WORLD MINISTRIES INC PURPOSE: MINISTRY DONATION | $200,000 |