Praise Inc
- Assets
- $152.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Caldwell, ID
- Founding
- 09/1979
- Data as of
- 12/2021
- EIN
- 82-0351170
Organization Overview
Praise Inc is located in Caldwell, ID. The organization was established in 1979. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise 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 Inc generated $158.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $129.9k during the year ending 12/2021. While expenses have increased by 1.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SERVICES AND MATERIALS ARE PROVIDED TO APPROXIMATELY 132 MISSIONARIESAND TEACHERS OF THE GOSPEL OF JESUS CHRIST. BIBLES, MATERIALSAND URGENT PHYSICAL NEEDS ARE PROVIDED WITH DONATED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Shaw President | 2 | $42,351 | |
Freddie Harris Jr Executive Director | 40 | $1 | |
John Mount Vice President | 1 | $0 | |
James Harris Secretary | 1 | $0 | |
Karen D Cotter Treasurer | 2 | $0 | |
Michael Rollinger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,432 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $76 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,508 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,022 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,349 |
| Printing, publications, postage, and shipping | $5,525 |
| Other expenses | $10,843 |
| Total expenses | $129,877 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $148,459 |
| Other assets | $0 |
| Total assets | $151,998 |
| Total liabilities | $894 |
| Net assets or fund balances | $151,104 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Praise Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $600 |
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