Hollywood Prayer Network Inc
- Assets
- $1.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Hollywood, CA
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 26-4803469
Organization Overview
Hollywood Prayer Network Inc is located in Hollywood, CA. The organization was established in 2009. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Hollywood Prayer Network Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hollywood Prayer Network 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, Hollywood Prayer Network Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 38.9% each year . All expenses for the organization totaled $264.0k during the year ending 12/2022. While expenses have increased by 9.9% 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
SUPPORTING AND PRAYING FOR THE PEOPLE, THE PROJECTS, AND THE POWERFUL INFLUENCE OF THE ENTERTAINMENT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOLLYWOOD PRAYER NETWORK (HPN) HAS GROWN IN THE PAST YEAR IN THESE AREAS:OUR TOTAL MASTER MAILING LIST HAS GROWN FROM 11,857 IN DEC. OF 2021 TO 16,686 IN DEC. 2022WE HAVE GROWN OUR ON-LINE PRESENCE THROUGH GROWTH IN OUR FACEBOOK PAGE, OUR INSTAGRAM PAGE AND OUR YOUTUBE CHANNELTHE NUMBER OF HPN MEMBERS WHO ARE LA LOCALS HAS GROWN FROM 4,469 AT THE END OF 2021 TO 5,821 IN DEC. 2022OUR GLOBAL LOCAL CHAPTERS HAVE GROWN FROM 153 IN 37 COUNTRIES IN DEC. 2021 TO 164 LOCAL CHAPTERS IN 40 COUNTRIES TODAYOUR WEBSITE VIEWS HAVE GROWN IN A YEAR FROM 440,539 TO 485,950. THAT MEAN ANOTHER 45,400 VIEWERS JOINED US IN 2022WE HAVE AN ON-LINE DEVOTIONAL ON YOUVERSION AND THE NUMBER OF PEOPLE USING OUR DEVOTIONAL HAS GROWN IN THE PAST YEAR FROM 148,001 TO 162,097. WE ARE THRILLED ABOUT THAT GROWTH IN PARTICULAR BECAUSE THEY ARE PRAYING FOR HOLLYWOOD!WE NOW HAVE 6 NEW VOCATIONAL GROUPS MEETING IN HOLLYWOOD BY CHRISTIAN PROFESSIONALS IN OUR INDUSTRYWE HAVE A GROWTH IN ONE-TO-ONE PRAYER PARTNERS, PARENTS JOINING OUR PARENTS PRAYER TEAM AND KIDS, PARENTS AND PASTORS DOWNLOADING OUR MONTHLY KIDS & TEENS PRAYER CALENDAR.WE HAVE CONTINUED TO GROW THE NUMBER OF PEOPLE WHO JOIN US FOR OUR WEEKLY FRIDAY ONE HOUR PRAYER CALLWE HAVE MORE VOLUNTEERS GETTING INVOLVED IN OUR EVENTS, SMALL GROUPS AND MEET-UPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Covell Executive Dir. | Officer | 40 | $60,900 |
Naima Left Treasurer | OfficerTrustee | 5 | $0 |
Merlinda Balms Secretary | OfficerTrustee | 5 | $0 |
Dean Batali Chairman | Trustee | 5 | $0 |
Tom Halleen 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 | $1,833,840 |
| Noncash contributions included in lines 1a–1f | $60,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,833,840 |
| Total Program Service Revenue | $0 |
| Investment income | $407 |
| 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 | $120 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,834,367 |
| 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. | $60,600 |
| Compensation of current officers, directors, key employees. | $3,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,305 |
| Travel | $22,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,670 |
| Insurance | $1,509 |
| All other expenses | $29,335 |
| Total functional expenses | $264,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,779 |
| Savings and temporary cash investments | $1,558,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,524 |
| Net Land, buildings, and equipment | $66,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,707,762 |
| Accounts payable and accrued expenses | $5,745 |
| 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 | $5,745 |
| Net assets without donor restrictions | $1,681,138 |
| Net assets with donor restrictions | $20,879 |
| 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 | $1,707,762 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hollywood Prayer Network Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
James And Joan Lindsey Family Foundation Dallas, TX PURPOSE: VARIOUS CHARITABLE PURPOSES | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Energy Supply Cooperative Portland, OR | $4,850,835 | $9,634,429 |
Haven Ministries Riverside, CA | $2,297,820 | $5,311,221 |
White Horse Inc San Diego, CA | $4,873,763 | $2,976,730 |
Living Waters Publications Bellflower, CA | $5,056,879 | $4,625,688 |
Trans Church Research Irvine, CA | $2,285,158 | $2,675,184 |
Quiet Hour Redlands, CA | $7,611,407 | $1,956,518 |
The Tidings Los Angeles, CA | $212,677 | $1,691,823 |
Sean Feucht Ministries Inc Redding, CA | $4,625,342 | $5,314,148 |
Hope Of All Nations Westminster, CA | $124,685 | $892,650 |
Catholic Broadcasting Northwest Inc Portland, OR | $3,843,580 | $1,017,523 |
Elijah List Ministries Inc Albany, OR | $831,154 | $1,544,008 |
Hischannel Ministries Santa Ana, CA | $555,267 | $1,103,089 |