Petros Network
- Assets
- $6.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Portland, OR
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 45-4131862
Organization Overview
Petros Network is located in Portland, OR. The organization was established in 2012. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Petros Network employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petros Network 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 12/2021, Petros Network generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 19.3% per year over the past 7 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
SIGNIFICANT ACTIVITIES INCLUDE TRAINING, EQUIPPING AND SENDING INDIGENOUS LEADERS TO PLANT CHURCHES AND PROVIDE COMPASSION AND CARE AMONG THEIR UNREACHED PEOPLE. COMPASSION AND CARE ACTIVITIES INCLUDE FEEDING FAMILIES, EMPOWERING WOMEN, PROTECTING CHILDREN, IMPROVING HEALTHCARE, PROVIDING CLEAN WATER, EDUCATING OUT OF POVERTY, BUILDING CHARACTER THROUGH SPORTS. PETROS NETWORK ALSO SUPPORTS WITH BIBLES, TRAINING MATERIALS AND LEADERSHIP TOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PRACTICE THE TWO HANDS OF THE GOSPEL: SHARING AND SHOWING JESUS WITH OUR WORDS AND OUR ACTS OF COMPASSION AND CARE IN THE HORN OF AFRICA AND SE ASIASHARE - BECAUSE 3.27 BILLION PEOPLE IN THE WORLD TODAY HAVE NO OPPORTUNITY TO HEAR THE GOOD NEWS, THEY ARE FACING A CHRISTLESS ETERNITY. SINCE GOD IS NOT OKAY WITH THAT, NEITHER ARE WE. OUR MISSION, THEREFORE, IS TO UNLEASH GOSPEL MOVEMENTS BY EQUIPPING INDIGENOUS SPIRITUAL LEADERS TO PLANT CHURCHES WITHIN WALKING DISTANCE OF EVERY HUMAN BEING ON EARTH. TO DATE WE HAVE PLANTED 6,020 CHURCHES, SHARED THE GOOD NEWS WITH 5,248,072 PEOPLE AND HAVE 1,062,049 PEOPLE WHO MADE DECISIONS TO FOLLOW CHRIST AND HAVE JOINED ONE OF OUR NEW CHURCH PLANTS. 842 CHURCH PLANTS ARE ACTIVE IN OUR CERTIFICATE PROGRAM.
SHOW JESUS NOT ONLY SPOKE THE GOOD NEWS, HE SHOWED THE GOOD NEWS THROUGH HIS ACTIONS. CHURCH PLANTERS ARE TAUGHT TO BECOME SOCIAL AGENTS OF CHANGE. THIS INCLUDES LEADING INITIATIVES IN WOMENS EMPOWERMENT, FEEDING FAMILIES, CHILD SPONSORSHIP, IMPROVING HEALTHCARE, PROVIDING CLEAN WATER, EDUCATING OUT OF POVERTY, BUILDING CHARACTER THROUGH SPORTS. THIS YEAR 73 WOMEN WERE ACTIVE IN OUR EMPOWERMENT PROGRAM, 130 ORPHANS WERE CARED FOR, WE MANAGED 3 SCHOOLS WITH 863 CHILDREN, 7 WATER WELLS WERE INITIATED, AND 9,814 PATIENTS WERE SERVED IN OUR MEDICAL CLINIC. ADDITIONALLY, WE WERE ABLE TO PROVIDE EMERGENCY FOOD RELIEF TO OVER 500 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Noah President & CEO | OfficerTrustee | 40 | $106,667 |
Linda Noah Exe.dir.& Secre | OfficerTrustee | 40 | $100,000 |
Ron Stokes Treasurer | OfficerTrustee | 5 | $0 |
Doug Boone Director | Trustee | 0.5 | $0 |
Randy Carl Director | Trustee | 0.5 | $0 |
Jocelyn Martin-Leano Director | Trustee | 0.5 | $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 | $2,376,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,376,595 |
| Total Program Service Revenue | $0 |
| Investment income | $187 |
| 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 | $2,376,782 |
| 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. | $206,667 |
| Compensation of current officers, directors, key employees. | $22,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,097 |
| Pension plan accruals and contributions | $3,160 |
| Other employee benefits | $26,227 |
| Payroll taxes | $20,891 |
| Fees for services: Management | $0 |
| 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 | $6,974 |
| Office expenses | $10,161 |
| Information technology | $38,612 |
| Royalties | $0 |
| Occupancy | $36,019 |
| Travel | $77,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,606 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,640 |
| Insurance | $8,591 |
| All other expenses | $0 |
| Total functional expenses | $1,471,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,415,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $38,872 |
| Net Land, buildings, and equipment | $66,926 |
| Investments—publicly traded securities | $2,363,364 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $914,113 |
| Total assets | $6,818,621 |
| Accounts payable and accrued expenses | $13 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,818,608 |
| 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 | $6,818,621 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Petros Network has recieved totaling $289,823.
| Awarding Organization | Amount |
|---|---|
Convoy Of Hope Springfield, MO PURPOSE: PROGRAM FULLFILLMENT | $289,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |
Kingdom Causes Long Beach, CA | $4,022,983 | $21,219,613 |
Youth With A Mission San Diego-Baja Chula Vista, CA | $22,048,486 | $17,148,909 |
Christ-Centered Ministries Inglewood, CA | $3,642,191 | $13,458,260 |
Latino Coalition For Community Leadership Bakersfield, CA | $2,661,885 | $14,445,845 |
Living Stream Anaheim, CA | $110,298,756 | $20,926,950 |
Union Gospel Mission Of Yakima Wash Yakima, WA | $12,139,044 | $14,954,134 |
Lynden Christian School Lynden, WA | $25,367,637 | $13,182,296 |
Luis Palau Association Portland, OR | $14,968,196 | $16,675,451 |
Rescue International Dana Point, CA | $7,874,025 | $9,695,100 |
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |