Praise The Lord Foundation
- Assets
- $878.8k
- Revenue
- -$90.5k
- Investments
- $868.4k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2015
- Data as of
- 11/2022
- EIN
- 30-0854355
Organization Overview
Praise The Lord Foundation is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise The Lord Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Praise The Lord Foundation has awarded 78 individual grants totaling $1,807,211. 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
ISUPPORTED THE UNCONDITIONAL LOVE MINISTRIES TO BRING PEOPLE TO THE FATHERS KINGDOM.I ALSO SUPPORTED THE SPIRITUAL JOURNEYS TO ISRAEL OF UNCONDITIONAL LOVE MINISTRIES TO THE LAND WHERE MESSIAH YESHUA/ JESUS WAS BORN AND RAISED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Wang President & CEO | 10 | $0 | |
Pao-Feng Wang Chen Secretary/cfo | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| Dividends & Interest | $69,695 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$160,201 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$90,465 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,715 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,786 |
| Contributions, gifts, grants paid | $547,200 |
| Total expenses and disbursements | $575,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,366 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $846,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $878,764 |
| Accounts payable and accrued expenses | $75 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $76 |
Grants Awarded
Over the last fiscal year, Praise The Lord Foundation has awarded $547,200 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Downey, CA PURPOSE: DONATION | $450,000 |
LIVG MINISTRY PURPOSE: DONATION | $80,000 |
PROPHET ROB SANCHEZ MINISTRIES PURPOSE: DONATION | $12,000 |
San Jose, CA PURPOSE: DONATION | $1,500 |
KENNETH COPELAND MINISTRIES PURPOSE: DONATION | $1,200 |
Destrehan, LA PURPOSE: DONATION | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |