Petros Network
- Assets
- $6.6m
- Revenue
- $1.2m
- Investments
- $912.0k
- Employees
- 8
- Location
- Portland, OR
- Founding
- 04/2012
- Data as of
- 12/2022
- 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 12/2022, Petros Network employed 8 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 12/2022, Petros Network generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PETROS NETWORK EQUIPS INDIGENOUS LEADERS TO SHARE, SHOW, AND SPREAD THE GOOD NEWS OF JESUS AMONG THEIR OWN PEOPLE AND ALLEVIATE SPIRITUAL AND PHYSICAL POVERTY. ENTIRE COMMUNITIES ARE TRANSFORMED FROM PLACES OF HOPELESSNESS TO PLACES OF HOPE.
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 ASIA:SHARE - 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 6,500 CHURCHES, SHARED THE GOOD NEWS WITH 6,069,000 PEOPLE AND HAVE 1,248,492 PEOPLE WHO MADE DECISIONS TO FOLLOW CHRIST AND HAVE JOINED ONE OF OUR NEW CHURCH PLANTS.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 GIRL'S AND WOMEN'S EMPOWERMENT, FEEDING FAMILIES THROUGH AGRICULTURAL INITIATIVES, CHILD SPONSORSHIP, IMPROVING HEALTH CARE, PROVIDING CLEAN WATER, EDUCATING OUT OF POVERTY, BUILDING CHARACTER THROUGH SPORTS. THIS YEAR 150 WOMEN AND GIRLS WERE ACTIVE IN OUR EMPOWERMENT PROGRAM, 130 ORPHANS WERE CARED FOR, WE MANAGED 3 SCHOOLS, FED 2019 CHILDREN EACH DAY, COMPLETED 7 WATER WELLS, AND 14,666 PATIENTS WERE SERVED IN OUR MEDICAL CLINIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Noah President & CEO | OfficerTrustee | 40 | $72,051 |
Linda Noah Ex Dir & Secr | OfficerTrustee | 40 | $46,915 |
Ron Stokes Treasurer | OfficerTrustee | 0 | $0 |
Doug Boone Director | Trustee | 0 | $0 |
Randy Carl Director | Trustee | 0 | $0 |
Jocelyn Martin-Leano Director | 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 | $1,303,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,303,523 |
| Total Program Service Revenue | $0 |
| Investment income | $1,745 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$115,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,189,409 |
| 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. | $239,466 |
| Compensation of current officers, directors, key employees. | $34,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $35,697 |
| Office expenses | $35,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,739 |
| Travel | $134,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,019 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,328 |
| Insurance | $7,276 |
| All other expenses | $0 |
| Total functional expenses | $1,715,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,075,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,810 |
| 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 | $0 |
| Net Land, buildings, and equipment | $46,299 |
| Investments—publicly traded securities | $3,147,589 |
| Investments—other securities | $911,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $355,087 |
| Total assets | $6,571,140 |
| Accounts payable and accrued expenses | $308,411 |
| 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 | $308,411 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $6,262,729 |
| Total liabilities and net assets/fund balances | $6,571,140 |