People Of Praise Minn Inc
- Assets
- $17.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Eagan, MN
- Founding
- 08/1973
- Data as of
- 06/2023
- EIN
- 41-1111724
Organization Overview
People Of Praise Minn Inc is located in Eagan, MN. The organization was established in 1973. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, People Of Praise Minn Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. People Of Praise Minn 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 06/2023, People Of Praise Minn Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL FUND PROVIDES FOR PASTORAL CARE OF MEMBERS, INCLUDING PRAYER MEETINGS, TEACHING CONFERENCES, PASTORAL MEETINGS AND RETREATS.
MINISTRY FUND IS USED TO PROMOTE SPECIFIC PURPOSES INCLUDING: YOUTH PROGRAMS, MUSIC, EVANGELISM AND MISSIONARY OUTREACH.
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 |
|---|---|---|---|
Thomas Caneff President | Trustee | 40 | $81,600 |
Harold Coulter Jr Secretary And Business Manager | Trustee | 20 | $28,612 |
Patrick Murphy Treasurer | Trustee | 10 | $6,506 |
Bernard Schwab Coordinator | Trustee | 0 | $0 |
Gerald Rynda Coordinator | Trustee | 0 | $0 |
Chris Marquis Coordinator | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $788,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $788,781 |
| Total Program Service Revenue | $873,130 |
| Investment income | $378,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,040,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $887 |
| Payroll taxes | $32,355 |
| Fees for services: Management | $44,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $144,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $459,292 |
| Travel | $1,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $454,558 |
| Insurance | $57,826 |
| All other expenses | $31,103 |
| Total functional expenses | $2,031,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,063 |
| Savings and temporary cash investments | $166,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,097 |
| Net Land, buildings, and equipment | $13,525,217 |
| Investments—publicly traded securities | $3,737,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,793,953 |
| Accounts payable and accrued expenses | $184,935 |
| Grants payable | $0 |
| Deferred revenue | $28,221 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $213,156 |
| Net assets without donor restrictions | $16,012,807 |
| Net assets with donor restrictions | $1,567,990 |
| 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 | $17,793,953 |