Street Psalms
- Assets
- $979.2k
- Revenue
- $514.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Tacoma, WA
- Founding
- 11/1999
- Data as of
- 06/2023
- EIN
- 23-2988887
Organization Overview
Street Psalms is located in Tacoma, WA. The organization was established in 1999. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Street Psalms employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Street Psalms 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 06/2023, Street Psalms generated $514.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $791.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Street Psalms has awarded 16 individual grants totaling $230,486. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
STREET PSALMS IS A COMMUNITY IN MISSION THAT FREES LEADERS FROM ALL WALKS OF LIFE TO CREATE CITIES OF PEACE FOR ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATING MINISTRY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kris Rocke Executive Director | Officer | 40 | $133,835 |
Nic Hughes COO | Officer | 40 | $130,915 |
Kristy Farber Chairperson | Trustee | 1 | $0 |
Jacob Moody Vice Chairperson | Trustee | 1 | $0 |
Mandla Kaunda Treasurer | Trustee | 1 | $0 |
Doug Hostetter Secretary | 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 | $410,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,893 |
| Total Program Service Revenue | $99,620 |
| Investment income | $3,665 |
| 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 | $514,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,783 |
| Grants and other assistance to domestic individuals. | $4,404 |
| Grants and other assistance to Foreign Orgs/Individuals | $85,885 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $264,751 |
| Compensation of current officers, directors, key employees. | $26,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,236 |
| Other employee benefits | $14,400 |
| Payroll taxes | $21,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,352 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $11,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,128 |
| Advertising and promotion | $1,066 |
| Office expenses | $7,388 |
| Information technology | $19,934 |
| Royalties | $0 |
| Occupancy | $33,511 |
| Travel | $30,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,639 |
| Insurance | $2,861 |
| All other expenses | $0 |
| Total functional expenses | $791,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,387 |
| Savings and temporary cash investments | $957,038 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,760 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $979,185 |
| Accounts payable and accrued expenses | $51,500 |
| 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 | $5,681 |
| Total liabilities | $57,181 |
| Net assets without donor restrictions | $440,775 |
| Net assets with donor restrictions | $481,229 |
| 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 | $979,185 |
Grants Awarded
Over the last fiscal year, Street Psalms has awarded $50,783 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHWESTERN WASHINGTON SYNOD (ELCA) PURPOSE: This was a seed grant to carry on our Practicing Peace program as well as program funds to further develop the practicing peace program in their network of churches. | $40,783 |
LANDMARK CHURCH OF ALEXANDRIA PURPOSE: To further our exempt purposes. | $10,000 |