The Presidential Prayer Team
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Scottsdale, AZ
- Founding
- 11/2001
- Data as of
- 12/2021
- EIN
- 86-1040691
Organization Overview
The Presidential Prayer Team is located in Scottsdale, AZ. The organization was established in 2001. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Presidential Prayer Team employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presidential Prayer Team 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, Presidential Prayer Team generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
WE ARE A NATIONAL MINISTRY DEDICATED TO A FOCUSED MISSION OF ENCOURAGING, INSPIRING ADN PRACTICING PRAYER ON BEHALF OF OUR PRESIDENT, NATION'S LEADERS AND OUR TROOPS. WE ALSO SEEK TO BE A CATALYST IN THE DEVELOPMENT OF A RUBUST PRAYER LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A NATIONAL MINISTRY DEDICATED TO A FOCUSED MISSION OF ENCOURAGING, INSPIRING ADN PRACTICING PRAYER ON BEHALF OF OUR PRESIDENT, NATION'S LEADERS AND OUR TROOPS. WE ALSO SEEK TO BE A CATALYST IN THE DEVELOPMENT OF A RUBUST PRAYER LIFESTYLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Bolthouse President | Trustee | 40 | $142,667 |
Jerry Smith Chairman | Trustee | 1 | $0 |
Ron Beltz Director | Trustee | 1 | $0 |
John Lang Director | Trustee | 1 | $0 |
Lynnda Speer Director | Trustee | 1 | $0 |
Ethan Evans Frey Treasurer | Trustee | 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 | $1,241,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,241,668 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,401,750 |
| 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. | $142,667 |
| Compensation of current officers, directors, key employees. | $24,253 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $593,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $112,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,439 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $73,578 |
| Total functional expenses | $1,283,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $406,124 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $862,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,268,625 |
| Accounts payable and accrued expenses | $65,506 |
| 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 | $65,506 |
| Net assets without donor restrictions | $1,203,119 |
| 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 | $1,268,625 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Presidential Prayer Team has recieved totaling $1,515.
| Awarding Organization | Amount |
|---|---|
Swenson Fam Foundation Cranbury, NJ PURPOSE: GENERAL PURPOSE | $1,000 |
Weimer Congemi Foundation Inc Metairie, LA PURPOSE: UNRESTRICTED | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
El Sembrador Ministries Chatsworth, CA | $38,637,636 | $18,701,148 |
Nora Lam Ministries San Jose, CA | $148,225 | $7,883,187 |
New Life Ministries Lake Forest, CA | $1,971,795 | $8,402,272 |
Christian Center Of Park City Park City, UT | $13,844,095 | $7,996,060 |
Persuade The World Ministries Colorado Springs, CO | $2,527,761 | $6,071,254 |
Pilgram Rest Foundation Inc Phoenix, AZ | $14,492,011 | $6,934,589 |
Biblical Education By Extension Inc Colorado Springs, CO | $2,298,554 | $3,974,117 |
Irvine Onnuri Church Irvine, CA | $6,273,875 | $4,499,639 |
Crossfire Ministries Inc Colorado Springs, CO | $6,360,133 | $4,375,955 |
Tabernacle Christian School Concord, CA | $5,160,537 | $3,470,555 |
What Matters Ministries And Missions Colorado Springs, CO | $564,276 | $3,431,281 |
Bibles For The World Colorado Springs, CO | $4,367,837 | $4,148,269 |