Stream Of Praise Music Ministries
- Assets
- $6.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Tustin, CA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 95-4586110
Organization Overview
Stream Of Praise Music Ministries is located in Tustin, CA. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Stream Of Praise Music Ministries employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stream Of Praise Music Ministries 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, Stream Of Praise Music Ministries generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REACH PEOPLE WITH THE GOSPEL OF CHRIST THRU MUSICAL CONCERTS IN US & ASIAN COUNTRIES, TO PUBLISH MUSIC CD AND SONG BOOKS, AND TO HOSE MUSIC SEMINARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCE AND DISTRIBUTE GOSPEL MUSIC TO PROMOTE BIBLICAL MESSAGE TO THE PUBLIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Yu President | OfficerTrustee | 40 | $72,000 |
Ely Yao Secretary | OfficerTrustee | 30 | $65,481 |
Timothy Huang Director | Trustee | 5 | $0 |
Steve Sze Director | Trustee | 5 | $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 | $1,493,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,493,914 |
| Total Program Service Revenue | $229,551 |
| Investment income | $1,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $594,429 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,322,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $74,837 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,481 |
| Compensation of current officers, directors, key employees. | $137,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,226 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133 |
| Fees for services: Accounting | $2,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,369 |
| Advertising and promotion | $0 |
| Office expenses | $24,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $136,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,710 |
| Insurance | $96,164 |
| All other expenses | $142,311 |
| Total functional expenses | $2,038,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,782,729 |
| Savings and temporary cash investments | $309,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,723 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,252 |
| Prepaid expenses and deferred charges | $2,385 |
| Net Land, buildings, and equipment | $4,567,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,098 |
| Other assets | $1,000 |
| Total assets | $6,853,115 |
| Accounts payable and accrued expenses | $105,674 |
| 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 | $3,159,332 |
| Total liabilities | $3,265,006 |
| Net assets without donor restrictions | $0 |
| 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 | $3,588,109 |
| Total liabilities and net assets/fund balances | $6,853,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stream Of Praise Music Ministries has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Frank And Lillian Lee Foundation Rowland Hghts, CA PURPOSE: FOR GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazing Facts International Granite Bay, CA | $89,775,280 | $35,047,793 |
Kingdom Causes Long Beach, CA | $4,022,983 | $21,219,613 |
Youth With A Mission San Diego-Baja Chula Vista, CA | $22,048,486 | $17,148,909 |
Christ-Centered Ministries Inglewood, CA | $3,642,191 | $13,458,260 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Latino Coalition For Community Leadership Bakersfield, CA | $2,661,885 | $14,445,845 |
Hope Services Hawaii Inc Hilo, HI | $6,998,663 | $14,894,055 |
Living Stream Anaheim, CA | $110,298,756 | $20,926,950 |
Luis Palau Association Portland, OR | $14,968,196 | $16,675,451 |
Rescue International Dana Point, CA | $7,874,025 | $9,695,100 |
Community Build Inc Los Angeles, CA | $3,997,471 | $9,365,253 |
Lake Mission Viejo Association Mission Viejo, CA | $11,099,981 | $7,973,182 |