423praise Inc
- Assets
- $509.0
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- Data as of
- 12/2022
- EIN
- 87-2581668
Organization Overview
423praise Inc is located in Fort Myers, FL. 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. 423praise 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 12/2022, 423praise Inc generated $10.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 52.5% each year . All expenses for the organization totaled $9.8k during the year ending 12/2022. While expenses have increased by 57.1% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
423PRAISE ACTIVITIES INCLUDING CORPORATE PRAISE AND FAMILY EVENT - ACT AND OPERATE AS A RELIGIOUS OUTREACH ORGANIZATION BY IMPROVING AND STRENGTHENING THE SPIRITUAL EMOTIONAL AND MENTAL QUALITY OF LIFE FOR AREA CHURCHES INDIVIDUALS AND FAMILIES THROUGH MUSIC PREACHING ASSISTANCE AND ENCOURAGEMENT. TO ACCOMPLISH THIS GOAL WE VISIT LOCAL CHURCHES AND OFFER ASSISTANCE AS NEEDED WITH WORSHIP AND SOUND RESOURCES AND PROVIDE THEM WITH INFORMATION ON 423PRAISE AND OUR MISSION. WE ALSO SPONSOR FREE PRAISE EVENTS AT LOCAL PARKS THAT INCLUDE LOCAL PRAISE TEAMS AND SPEAKERS FOOD TRUCK AND BOUNCE HOUSE SLIDE FOR CHILDREN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Wolf Director | 2 | $0 | |
Jenna Sherman Director | 1 | $0 | |
Louis R Crowley President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,995 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,443 |
| Printing and publications | $285 |
| Other expenses | $5,444 |
| Total operating and administrative expenses | $9,812 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $9,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$89 |
| 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 | $148 |
| 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 | $450 |
| Total assets | $509 |
| 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 |