Raleigh Area Concerts Of Prayer
- Assets
- $38.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 09/1997
- Data as of
- 12/2022
- EIN
- 56-1668841
Organization Overview
Raleigh Area Concerts Of Prayer is located in Cary, NC. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Area Concerts Of Prayer 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, Raleigh Area Concerts Of Prayer generated $99.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $127.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald R Rayno Executive Director | 40 | $91,076 | |
Richard Mill Treasurer | 1 | $0 | |
Sherri Baker Secretary | 1 | $0 | |
Joshua Splinter Member | 1 | $0 | |
Michael Sparks Member | 1 | $0 | |
Peter Dubbelman Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,597 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $54 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,651 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $105,824 |
| Professional fees and other payments to independent contractors | $830 |
| Occupancy, rent, utilities, and maintenance | $2,836 |
| Printing, publications, postage, and shipping | $1,611 |
| Other expenses | $16,238 |
| Total expenses | $127,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,741 |
| Other assets | $0 |
| Total assets | $38,741 |
| Total liabilities | $2,712 |
| Net assets or fund balances | $36,029 |