Praise Broadcasting Network Inc
- Assets
- $0.0
- Revenue
- $46.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 56-1465080
Organization Overview
Praise Broadcasting Network Inc is located in Wilmington, NC. The organization was established in 1991. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise Broadcasting 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 12/2021, Praise Broadcasting Network Inc generated $46.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 61.8% each year . All expenses for the organization totaled $159.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Praise Broadcasting Network Inc has awarded 18 individual grants totaling $206,949. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE PUBLIC WITH A CHRISTIAN EXPRESSION OF MUSIC AND TEACHING THROUGH THE FUNDING OF VARIOUS RADIO BROADCAST STATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,152 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,074 |
| Capital Gain Net Income | $40,074 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,445 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,396 |
| Contributions, gifts, grants paid | $150,249 |
| Total expenses and disbursements | $159,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Praise Broadcasting Network Inc has awarded $150,249 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
RADIO ENCOUNTER PURPOSE: TO ASSIST WITH CHRISTIAN RADIO BROADCASTING | $12,000 |
TRANS WORLD RADIO PURPOSE: TO ASSIST WITH CHRISTIAN RADIO BROADCASTING | $12,000 |
CORRIE TEN BOOM FELLOWSHIP - JERUSALEM PRAYER TEAM PURPOSE: TO PRAY FOR THE PEACE OF JERUSALEM | $12,000 |
VOICE OF HOPE PURPOSE: TO ASSIST WITH CHRISTIAN RADIO BROADCASTING | $22,000 |
KIDS AROUND THE WORLD PURPOSE: TO PROVIDE SAFE PLAY EQUIPMENT FOR CHILDREN THAT FOUND THEMSELVES IN SITUATIONS WHERE IT WAS DIFFICULT TO JUST BE A KID. | $12,000 |
SAVE OUR KIDS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $12,000 |