Congressional Prayer Caucus Foundation Inc
- Assets
- $120.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Chesapeake, VA
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-3780955
Organization Overview
Congressional Prayer Caucus Foundation Inc is located in Chesapeake, VA. The organization was established in 2007. 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, Congressional Prayer Caucus Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congressional Prayer Caucus Foundation 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, Congressional Prayer Caucus Foundation Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
PROTECTING THE PUBLIC EXPRESSION OF PRAYER AND FAITH IN GOD; COMMUNICATING THE CONSTITUTIONAL TRUTHS THAT ESTABLISH AMERICA'S FREEDOM; SUSTAINING AND EQUIPPING LEADERS WHO BELIEVE IN PRAYER AND UPHOLD JUDEO-CHRISTIAN PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAG, TRAIN AND SUPPORT LEADERS IN EVERY FIELD WHO BELIEVE IN THE POWER OF PRAYER AND WHO STRIVE TO LEAD THEIR LIVES BASED ON JUDEO-CHRISTIAN PRINCIPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Randy Forbes President | Officer | 40 | $117,708 |
Lea Carawan Vice-Preside | OfficerTrustee | 40 | $0 |
Myra Dingman Secretary | OfficerTrustee | 40 | $0 |
Jerry Rex Director | Trustee | 1 | $0 |
Tom Speight Director | Trustee | 1 | $0 |
Shirley Forbes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Edge Media Media Services | 12/30/20 | $157,281 |
Mdi Imaging And Mailing Mailing Services | 12/30/20 | $116,489 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $51,828 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,303,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,355,248 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| 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 | $6,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,362,017 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,000 |
| Payroll taxes | $27,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,841 |
| Fees for services: Accounting | $29,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $369,599 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $386,301 |
| Office expenses | $58,516 |
| Information technology | $5,127 |
| Royalties | $0 |
| Occupancy | $66,000 |
| Travel | $5,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $862 |
| Interest | $147 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,504 |
| Insurance | $2,957 |
| All other expenses | $1,376 |
| Total functional expenses | $1,331,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,182 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,466 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $48,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,528 |
| Accounts payable and accrued expenses | $2,139 |
| 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 | $2,139 |
| Net assets without donor restrictions | $118,389 |
| 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 | $120,528 |