Praise Ministry Inc
- Assets
- $340.7k
- Revenue
- $40.0k
- Investments
- $295.2k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 31-1791081
Organization Overview
Praise Ministry Inc is located in Tulsa, OK. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise Ministry 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 12/2022, Praise Ministry Inc generated $40.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $35.3k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 5 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 2020, Praise Ministry Inc has awarded 55 individual grants totaling $159,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Farish President | 0 | $0 | |
Gerald Landers Secretary/ Trea | 0 | $0 | |
Tim Elmore Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,886 |
| Interest on Savings | $57 |
| Dividends & Interest | $6,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $588 |
| Capital Gain Net Income | $7,378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,045 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $589 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,512 |
| Total operating and administrative expenses | $7,344 |
| Contributions, gifts, grants paid | $28,000 |
| Total expenses and disbursements | $35,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,499 |
| Savings and temporary cash investments | $0 |
| 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 | $295,153 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $340,652 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Praise Ministry Inc has awarded $28,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Peachtree Corners, GA PURPOSE: EDUCATING CHILDREN | $10,000 |
ANANIAS HOUSE PURPOSE: EDUCATING CHILDREN | $5,000 |
ORU MISSIONS PURPOSE: EDUCATING CHILDREN | $4,000 |
BRIDGEBUILDERS PURPOSE: EDUCATING CHILDREN | $2,000 |
PROVIDENCE CHRISTIAN SCHOOL PURPOSE: EDUCATING CHILDREN | $1,000 |
MUSEUM OF THE BIBLE PURPOSE: EDUCATING CHILDREN | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Praise Ministry Inc has recieved totaling $32,134.
| Awarding Organization | Amount |
|---|---|
The Magnificent-Man Perpetual Gift Trust Las Vegas, NV PURPOSE: CHARITABLE PURPOSE | $32,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Harmony Education Foundation Houston, TX | $114,104,071 | $8,179,563 |
University Of Houston Law Foundation Houston, TX | $45,914,455 | $12,108,059 |
The Texas A & M University Commerce Foundation Commerce, TX | $38,245,128 | $4,326,106 |
Colorado State University-Pueblo Foundation Pueblo, CO | $68,008,177 | $8,127,637 |
Alamo Colleges Foundation Inc San Antonio, TX | $77,782,031 | $21,582,510 |
Pittsburg State University Foundation Inc Pittsburg, KS | $127,952,768 | $13,650,196 |
University Of Central Missouri Foundation Warrensburg, MO | $77,602,876 | $17,903,644 |
K-State Olathe Innovation Campus Inc Olathe, KS | $45,049,185 | $10,222,325 |
Texas Music Educators Association Inc Austin, TX | $10,305,852 | $5,351,237 |