Praise Him Ministries Inc
- Assets
- $6.8m
- Revenue
- $1.5m
- Investments
- $2.8m
- Employees
- 0
- Location
- Ridgway, CO
- Founding
- 05/2003
- Data as of
- 06/2021
- EIN
- 03-0410199
Organization Overview
Praise Him Ministries Inc is located in Ridgway, CO. The organization was established in 2003. 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 Him Ministries 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 06/2021, Praise Him Ministries Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (30.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COVID-19 PANDEMIC CONTINUED TO RAISE CONCERNS OVER IN-PERSON ATTENDANCE AT LIVE EVENTS. IN RESPONSE PRAISE HIM MINISTRIES LIVE-STREAMED THREE MAJOR CONCERTS, NIGHTVISION NASHVILLE 2020, NASHVILLE GOOD FRIDAY, AND THE 2020 CHRISTMAS CONCERT. IN ADDITION, THE MINISTRY WAS ABLE TO HOST IT'S COWBOY-UP PROGRAM IN 2021. THESE EVENTS FOSTERED CHRISTIAN PRAISE, TEACHING, WORSHIP, AND EVANGELIZING. IN TOTAL APPROXIMATELY 6,170 PEOPLE ATTENDED THESE COMBINED EVENTS.
THE FOUNDATION STAFFED AND MAINTAINED THE RIDGWAY CHRISTIAN CENTER (RCC) DEDICATED TO CHRISTIAN EVANGELIZING, PREACHING, TEACHING, WORSHIP AND RELATED CHRISTIAN RECREATION ACTIVITIES FOR YOUTH AND ADULTS. IN ADDITION TO ATTENDANCE AT SPECIFIC PROGRAMS AND EVENTS HELD AT RCC, ON AVERAGE 9 CHILDREN PER DAY UTILIZED RCC'S YOUTH CENTER AND ITS RESOURCES FROM THE PERIOD 07/01/20 TO 06/30/21.
THE FOUNDATION PRODUCES ACTIVITIES FOCUSED ON FELLOWSHIP, OUTREACH, AND EDUCATION. THESE ACTIVITIES ARE DEDICATED TO MINISTERING TO AND TEACHING THE CHRISTIAN COMMUNITY. FIVE SUCH EVENTS WERE PRODUCED DURING THE YEAR, INCLUDING THE ANNUAL THANKSGIVING DINNER AND SEDER. IN TOTAL APPROXIMATELY 340 PEOPLE ATTENDED THESE COMBINED EVENTS, AND AN UNDETERMINED NUMBER ATTENDED VIRTUALLY WHEN EVENTS WERE LIVE-STREAMED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge Hernandez Manager | 40 | $90,865 | |
Nazareth Rizkallah Board Member | 1 | $0 | |
Michael Reagor Director | 1.5 | $0 | |
Matthew Dragoun Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nc Entertainment Group | 6/29/21 | $263,257 |
Brimstone Services Inc | 6/29/21 | $54,000 |
Western Slope Executive Protection | 6/29/21 | $171,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,501,361 |
| Interest on Savings | $479 |
| 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 | $12,462 |
| Total Revenue | $1,514,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,865 |
| Other employee salaries and wages | $113,178 |
| Pension plans, employee benefits | $19,843 |
| Interest | $987 |
| Taxes | $2,700 |
| Depreciation | $98,053 |
| Occupancy | $92,804 |
| Travel, conferences, and meetings | $38,802 |
| Printing and publications | $0 |
| Other expenses | $851,383 |
| Total operating and administrative expenses | $1,441,334 |
| Contributions, gifts, grants paid | $157,357 |
| Total expenses and disbursements | $1,598,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,257 |
| Savings and temporary cash investments | $513,444 |
| 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 | $3,081 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,391,703 |
| Other assets | $15,625 |
| Total assets | $6,798,074 |
| Accounts payable and accrued expenses | $145,339 |
| Grants payable | $0 |
| Deferred revenue | $1,545 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,526 |
| Total liabilities | $158,410 |
Grants Awarded
Over the last fiscal year, Praise Him Ministries Inc has awarded $157,357 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BILLYE BRIM MINISTRIES PURPOSE: SEE ATTACHED STMT 19 | $34,869 |
Wheaton, IL PURPOSE: SEE ATTACHED STMT 19 | $34,868 |
Corona, CA PURPOSE: SEE ATTACHED STMT 19 | $30,000 |
Cambria, CA PURPOSE: SEE ATTACHED STMT 19 | $30,000 |
COLORADO CHRISTIAN UNIVERSITY PURPOSE: SEE ATTACHED STMT 19 | $25,000 |
COMPASSION INTERNATIONAL MINISTRY PURPOSE: SEE ATTACHED STMT 19 | $1,620 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Praise Him Ministries Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Ministries Clinic Inc Newton, KS | $19,446,224 | $22,871,961 |
Foundation For A Christian Civilization Inc Rossville, KS | $19,284,785 | $19,952,584 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Community Bible Study Colorado Springs, CO | $19,076,306 | $12,975,441 |
Cadence International Englewood, CO | $9,762,190 | $12,602,895 |
Youth For Christ International Ministries Englewood, CO | $7,359,781 | $13,249,220 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Summit Ministries Inc Manitou Springs, CO | $15,859,073 | $12,358,452 |
Glorieta 2-0 Inc Glorieta, NM | $10,000,063 | $8,243,412 |
India Transformed Denver, CO | $8,662,864 | $16,064,070 |
Messenger International Inc Palmer Lake, CO | $6,208,879 | $7,054,114 |