Praise Network Inc
- Assets
- $1.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Oneill, NE
- Founding
- 10/1988
- Data as of
- 05/2023
- EIN
- 47-0716006
Organization Overview
Praise Network Inc is located in Oneill, NE. The organization was established in 1988. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 05/2023, Praise Network Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise 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 05/2023, Praise Network Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.2m during the year ending 05/2023. While expenses have increased by 0.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CHRISTIAN RADIO STATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHRISTIAN RELIGIOUS RADIO PROGRAMMING FROM 3 STUDIOS LOCATED IN NEBRASKA AND KANSAS WITH TRANSMITTER COVERAGE THAT INCLUDES APPROXIMATELY 70 COUNTIES IN NEBRASKA, KANSAS, SOUTH DAKOTA, COLORADO, AND IOWA AND INTERNET ON-LINE BROADCASTING WITH WORLD WIDE COVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Mckenzie President | OfficerTrustee | 40 | $105,300 |
John Dewerff 2nd Vice-Cha | OfficerTrustee | 1 | $0 |
Dale Hudson Vice-Chairma | OfficerTrustee | 1 | $0 |
Danny Myers Chairman | OfficerTrustee | 1 | $0 |
Brandon Nimz Secretary | OfficerTrustee | 1 | $0 |
Allen Quenzer Director | 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 | $857,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $857,057 |
| Total Program Service Revenue | $446,858 |
| Investment income | $2,059 |
| 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 | $1,305,974 |
| 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. | $105,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $492,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,482 |
| Fees for services: Accounting | $6,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,527 |
| Office expenses | $25,926 |
| Information technology | $28,927 |
| Royalties | $0 |
| Occupancy | $280,436 |
| Travel | $25,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $309 |
| Interest | $3,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,977 |
| Insurance | $27,660 |
| All other expenses | $1,802 |
| Total functional expenses | $1,209,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,289 |
| Savings and temporary cash investments | $207,086 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,524 |
| 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 | $291,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $178,110 |
| Other assets | $600 |
| Total assets | $1,016,402 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $56,931 |
| 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 | $87,490 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,868 |
| Total liabilities | $150,289 |
| Net assets without donor restrictions | $847,445 |
| Net assets with donor restrictions | $18,668 |
| 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 | $1,016,402 |