Praxis Inc
- Assets
- $3.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 09/2021
- 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 09/2021, Praxis Inc employed 12 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 09/2021, Praxis Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $3.1m during the year ending 09/2021. While expenses have increased by 10.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRAXIS IS A CREATIVE ENGINE FOR REDEMPTIVE ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAXIS IS A CREATIVE ENGINE FOR REDEMPTIVE ENTREPRENEURSHIP, SUPPORTING FOUNDERS, FUNDERS, AND INNOVATORS MOTIVATED BY THEIR FAITH TO RENEW CULTURE AND LOVE THEIR NEIGHBORS. OUR COMMUNITY OF PRACTICE OPERATES THROUGH HIGH-TOUCH PROGRAMS, ROBUST CONTENT, AND A GLOBAL PORTFOLIO OF REDEMPTIVE BUSINESS AND NONPROFIT VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Blanchard Co-Founder & President | OfficerTrustee | 40 | $220,000 |
Andrew Crouch Partner, Theology & Culture | 40 | $217,500 | |
Scott Kauffmann Partner, Content | 40 | $185,000 | |
Jon Hart Partner, Praxis Academy | 40 | $134,250 | |
Meghan Easley Chief Of Staff | 40 | $109,520 | |
Hannah Baek Dir. Of Marketing & Comm. | 40 | $105,425 |
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 | $3,587,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,587,854 |
| Total Program Service Revenue | $596,547 |
| Investment income | $260 |
| 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 | $167 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,191,471 |
| 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. | $298,356 |
| Compensation of current officers, directors, key employees. | $14,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,178,393 |
| Pension plan accruals and contributions | $87,991 |
| Other employee benefits | $264,994 |
| Payroll taxes | $107,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,450 |
| Fees for services: Accounting | $72,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $266,492 |
| Advertising and promotion | $0 |
| Office expenses | $238,741 |
| Information technology | $82,931 |
| Royalties | $0 |
| Occupancy | $133,253 |
| Travel | $234,489 |
| 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 | $21,921 |
| Insurance | $6,474 |
| All other expenses | $27,788 |
| Total functional expenses | $3,079,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,955,517 |
| Savings and temporary cash investments | $179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,090 |
| 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 | $70,236 |
| Net Land, buildings, and equipment | $35,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,068,328 |
| Accounts payable and accrued expenses | $56,377 |
| Grants payable | $0 |
| Deferred revenue | $140,000 |
| 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 | $196,377 |
| Net assets without donor restrictions | $2,854,029 |
| Net assets with donor restrictions | $17,922 |
| 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 | $3,068,328 |
Grants Awarded
Over the last fiscal year, Praxis Inc has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Support organization's operations | $50,000 |
JILL'S HOUSE PURPOSE: Support organization's operations | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Praxis Inc has recieved totaling $2,428,816.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $1,461,260 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $350,000 |
Pinetops Foundation Bend, OR PURPOSE: TO SUPPORT DEVELOPMENT ON ONGOING AWARDS TO PRAXIS NON-PROFIT FELLOWS | $200,000 |
Sonscope Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
The New Horizons Foundation Inc Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $100,000 |
The Judith E And Joseph C Cook Jr Foundation Inc Nashville, TN PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Praxis Inc New York, NY | $3,068,328 | $4,191,471 |
Aak International Relief Inc Lakewood, NJ | $8,569,268 | $9,843,982 |
The Center Consulting Group Dublin, PA | $1,665,462 | $1,838,936 |
United Talmidei Hakvutze Inc Brooklyn, NY | $741,620 | $1,780,165 |
Engaging Heaven Ministries Inc New London, CT | $273,758 | $978,048 |
Serving Leaders Ministries Inc West Chester, PA | $1,862,060 | $2,257,701 |
Norristown Hospitality Center Norristown, PA | $690,419 | $670,906 |
Life Listening Resources Rochester, NY | $40,340 | $303,441 |
Unitarian Universalist Massachusetts Action Network Inc Marlborough, MA | $144,019 | $321,897 |
Sapientia Education Association Inc Norwalk, CT | $1,593,474 | $306,398 |
Annesley Association Of Senior Health Services Meadville, PA | $2,182,659 | $66,587 |
Sunday School Inc Needham, MA | $223,063 | $163,937 |