Praxis Inc
- Assets
- $4.5m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 09/2023
- EIN
- 45-0967206
Organization Overview
Praxis Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (X02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Religion-Related and related organizations. As of 09/2023, Praxis Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praxis 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 09/2023, Praxis Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $6.5m during the year ending 09/2023. While expenses have increased by 18.1% 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 2015, Praxis Inc has awarded 12 individual grants totaling $570,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRAXIS IS A VENTURE-BUILDING ECOSYSTEM WITH A REDEMPTIVE IMAGINATION, SUPPORTING FOUNDERS, FUNDERS, AND INNOVATORS MOTIVATED BY THEIR FAITH TO ADDRESS THE MAJOR ISSUES OF OUR TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECOSYSTEM BUILDING THROUGH ECOSYSTEM BUILDING, WE AIM TO BUILD A GLOBAL COMMUNITY COMPOSED OF FIVE ESSENTIAL AUDIENCES: FOUNDERS, FUNDERS, BUILDERS, THINKERS, AND ECOSYSTEM BUILDERS. THESE GROUPS ARE ACTIVELY WORKING TOGETHER TO ADVANCE REDEMPTIVE ENTREPRENEURSHIP AS A DIVERSE YET DENSE NETWORK AND A WITNESS OF THE WAY OF JESUS IN THE WORLD.
PRAXIS VENTURES THE MISSION OF THE VENTURE GROUP IS TO DEVELOP AND RESOURCE A PORTFOLIO OF THE TOP REDEMPTIVE VENTURES IN THE WORLD AND SERVE THEIR CHRISTIAN FOUNDERS FROM STARTUP TO SCALE, FROM GROWTH TO IMPACT.
LEARNING CENTER THE PURPOSE OF THE LEARNING CENTER IS TO BE A PRIMARY PROPHETIC RESOURCE FOR ENTREPRENEURIAL CHRISTIANS, SHAPING THE FORMATIVE AND IMAGINATIVE AGENDA AS THEY CONSIDER WHAT AND HOW THEY SHOULD BUILD IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Founder & President | OfficerTrustee | 45 | $290,900 |
Name Not Listed Board Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,774,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,818,396 |
| Total Program Service Revenue | $1,063,677 |
| Investment income | $211 |
| 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 | $6,898,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $100,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,082,398 |
| Compensation of current officers, directors, key employees. | $54,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,544,734 |
| Pension plan accruals and contributions | $117,839 |
| Other employee benefits | $436,316 |
| Payroll taxes | $176,043 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,185 |
| Fees for services: Accounting | $66,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $279,412 |
| Advertising and promotion | $0 |
| Office expenses | $445,138 |
| Information technology | $17,914 |
| Royalties | $0 |
| Occupancy | $145,773 |
| Travel | $1,403,770 |
| 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 | $10,508 |
| Insurance | $28,776 |
| All other expenses | $91,116 |
| Total functional expenses | $6,469,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,465,092 |
| Savings and temporary cash investments | $300,543 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,236 |
| 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 | $180,654 |
| Net Land, buildings, and equipment | $25,838 |
| Investments—publicly traded securities | $57,517 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $489,271 |
| Total assets | $4,549,151 |
| Accounts payable and accrued expenses | $65,973 |
| Grants payable | $0 |
| Deferred revenue | $412,352 |
| 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 | $496,021 |
| Total liabilities | $974,346 |
| Net assets without donor restrictions | $3,274,805 |
| Net assets with donor restrictions | $300,000 |
| 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 | $4,549,151 |
Grants Awarded
Over the last fiscal year, Praxis Inc has awarded $500,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMBITION ANGELS PURPOSE: Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time | $50,000 |
BEAN PATH PURPOSE: Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time | $50,000 |
IDEOS INSTITUTE PURPOSE: Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time | $50,000 |
INSTITUTE FOR AMERICAN POILICING REFORM PURPOSE: Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time | $50,000 |
KESEB PURPOSE: Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time | $50,000 |
SEMILLA NUEVA PURPOSE: Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time | $50,000 |