The Prayer Covenant Inc
- Assets
- $476.2k
- Revenue
- $718.4k
- Investments
- $0.0
- Employees
- 6
- Location
- New Albany, OH
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 46-1517204
Organization Overview
The Prayer Covenant Inc is located in New Albany, OH. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Prayer Covenant Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prayer Covenant 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 12/2021, Prayer Covenant Inc generated $718.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $697.1k during the year ending 12/2021. While expenses have increased by 20.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAKING DISCIPLES AMONG THE CHILDREN AND YOUTH OF THE NATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISIT THEPRAYERCOVENANT.ORG FOR CONTINUOUS UPDATES/ NEWS/ VIDEOS/ REPORTS OF WHAT GOD IS DOING AROUND THE WORLD. OUR MAILING LIST OF 3,500 IS GROWING AND WE SEND ONE NEWSLETTER OUT EACH MONTH.
IN 8 YEARS THE PRAYER COVENANT HAS DISIPLED 7 MILLION CHILDREN IN 70 NATIONA IN 8 YEARS.
WE ARE FOCUSED ON REACHING KIDS WITH THE GOSPEL; RESCUING THEM FROM OPPRESSION; DISCIPLING THEM IN CHRIST AND RELEASING THEM AS HIS MESSENGERS IN THEIR HOMES AND COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candy Marballi Presidentceo | OfficerTrustee | 30 | $2,000 |
Rachel Williamson Secretary | OfficerTrustee | 0.25 | $0 |
Peter Friend Treasurer | OfficerTrustee | 40 | $0 |
Bill Trick Board Member | Trustee | 0.25 | $0 |
Vik Marballi Board Chair | Trustee | 2 | $0 |
Julie Weber Board Member | Trustee | 0.25 | $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 | $695,605 |
| Noncash contributions included in lines 1a–1f | $27,953 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $695,605 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,669 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $718,408 |
| 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. | $2,000 |
| Compensation of current officers, directors, key employees. | $408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,546 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45,799 |
| Total functional expenses | $697,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $99,815 |
| 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 | $60,210 |
| Prepaid expenses and deferred charges | $417 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,180 |
| Accounts payable and accrued expenses | $21,646 |
| 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 | $21,646 |
| Net assets without donor restrictions | $454,534 |
| 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 | $476,180 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Prayer Covenant Inc has recieved totaling $69,519.
| Awarding Organization | Amount |
|---|---|
Deaconess Health Associations Fund Inc Cincinnati, OH PURPOSE: Operations | $30,000 |
Wheeler Family Foundation Newport Coast, CA PURPOSE: GENERAL SUPPORT | $11,000 |
Generous Life Foundation Dallas, TX PURPOSE: CHARITABLE PURPOSES | $10,019 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: SUPPORT OF MINISTRY | $10,000 |
Servant Foundation Overland Park, KS PURPOSE: RELIGIOUS MINISTRY | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Rbc Ministries Grand Rapids, MI | $21,687,815 | $61,139,442 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |