The Prayer Covenant Inc
- Assets
- $82.0k
- Revenue
- $272.2k
- Investments
- $0.0
- Employees
- 2
- Location
- New Albany, OH
- Founding
- 05/2013
- Data as of
- 12/2022
- 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 12/2022, Prayer Covenant Inc employed 2 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 12/2022, Prayer Covenant Inc generated $272.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $663.4k during the year ending 12/2022. 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
MAKING DISCIPLES AMONG THE CHILDREN AND YOUTH OF THE NATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 8 YEARS THE PRAYER COVENANT HAS DISCIPLINED OVER 9 MILLION CHILDREN IN 89 CONTRIES ON 9 YEARS.
IN 8 YEARS THE PRAYER COVENANT HAS DISCIPLINED OVER 9 MILLION CHILDREN IN 89 CONTRIES ON 9 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.
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 |
|---|---|---|---|
Bill Trick Board Member | Trustee | 0.25 | $0 |
Dan Weber Board Member | Trustee | 0.25 | $0 |
Raffoul Najem Board Member | Trustee | 0.25 | $0 |
Shekhar Kallianpur Board Member | Trustee | 0.25 | $0 |
Lavina Kallianpur Board Member | Trustee | 0.25 | $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 | $272,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,233 |
| 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 | $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 | $272,235 |
| 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 | $11,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $498 |
| 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 | $95,412 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $80,059 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,363 |
| Total functional expenses | $663,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,942 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $95 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,037 |
| Accounts payable and accrued expenses | $18,670 |
| 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 | $18,670 |
| Net assets without donor restrictions | $63,367 |
| 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 | $82,037 |