Praise Network Inc
- Assets
- $618.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Oneill, NE
- Founding
- 10/1988
- Data as of
- 05/2022
- EIN
- 47-0716006
Organization Overview
Praise Network Inc is located in Oneill, NE. The organization was established in 1988. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 05/2022, Praise Network Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise Network 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 05/2022, Praise Network Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. 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
OPERATION OF CHRISTIAN RADIO STATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN RELIGIOUS RADIO PROGRAMMING FROM 3 STUDIOS LOCATED IN NEBRASKA AND KANSAS WITH TRANSMITTER COVERAGE THAT INCLUDES APPROXIMATELY 70 COUNTIES IN NEBRASKA, KANSAS, SOUTH DAKOTA, COLORADO, AND IOWA AND INTERNET ON-LINE BROADCASTING WITH WORLD WIDE COVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Mckenzie President | OfficerTrustee | 40 | $105,000 |
John Dewerff 2nd Vice-Cha | OfficerTrustee | 3 | $0 |
Dale Hudson Vice-Chairma | OfficerTrustee | 1 | $0 |
Brandon Nimz Secretary | OfficerTrustee | 1 | $0 |
Danny Myers Chairman | OfficerTrustee | 1 | $0 |
Allen Quenzer Director | OfficerTrustee | 1 | $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 | $687,961 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $687,961 |
| Total Program Service Revenue | $466,773 |
| Investment income | $463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,147,952 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $98,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $443,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,079 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,725 |
| Office expenses | $53,330 |
| Information technology | $23,413 |
| Royalties | $0 |
| Occupancy | $289,897 |
| Travel | $21,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,993 |
| Insurance | $24,334 |
| All other expenses | $1,806 |
| Total functional expenses | $1,173,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,649 |
| Savings and temporary cash investments | $204,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,058 |
| 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 | $169,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,320 |
| Other assets | $600 |
| Total assets | $618,817 |
| Accounts payable and accrued expenses | $3,970 |
| Grants payable | $0 |
| Deferred revenue | $55,543 |
| 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 | $5,747 |
| Total liabilities | $65,260 |
| Net assets without donor restrictions | $553,557 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $618,817 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Praise Network Inc has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Ssm Health Foundation St Louis St Louis, MO | $35,477,442 | $11,468,412 |
Catholic Social Services Lincoln, NE | $3,827,317 | $5,568,585 |
Faith Lutheran Home Osage, IA | $4,614,532 | $5,533,666 |
Missouri Baptist Childrens Home Bridgeton, MO | $28,799,310 | $5,163,780 |
Promise Keepers Colorado Springs, CO | $314,391 | $4,644,365 |
Mesa Valley Community School Grand Junction, CO | $4,974,586 | $4,247,839 |
Back To The Bible Lincoln, NE | $5,584,724 | $3,983,560 |
Bethesda Of Beresford Beresford, SD | $3,676,012 | $3,683,299 |
Emissaries Of Divine Light Loveland, CO | $13,649,759 | $2,104,017 |