The Prayer Institute
- Assets
- $1.0m
- Revenue
- $226.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Houston, TX
- Founding
- 12/1996
- Data as of
- 12/2022
- EIN
- 76-0500530
Organization Overview
The Prayer Institute is located in Houston, TX. The organization was established in 1996. 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 12/2022, Prayer Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prayer Institute 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 Institute generated $226.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $352.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 8 years. 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
TO PRAY EFFECTIVE, EFFICACIOUS PRAYERS THAT WILL PRODUCE GOD'S PLANS ON EARTH AND TO BUILD AN ARMY OF PRAYING BELIEVERS WHO WILL: POSITION THEMSELVES AS WATCHMEN FOR OUR WORLD; ESTABLISH THE KINGDOM OF GOD ON EARTH AS HE HAS PURPOSED IT IN HEAVEN: AND DESTROY THE STRATEGIES AND ASSIGNMENTS OF THE DEVIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SMALL TEAM WORKED TIRELESSLY TO CONTINUE PROGRAMMING WHILE WE WERE IN TRANSITION. HERE ARE A FEW HIGHLIGHTS FROM 2022: IN MARCH, THE NATIONAL PRAYER CONNECTION (NPC) COMMEMORATED ONE YEAR WITH OVER 150 PARTICIPANTS REPRESENTING 35 STATES AND SEVERAL DIFFERENT COUNTRIES LOGGING IN EACH WEEK TO JOIN US IN INTERCESSORY PRAYER. IN APRIL WE LAUNCHED OUR FIRST NATIONAL PRAYER WALK WHERE BELIEVERS FROM MORE THAN 20 STATES GATHERED WITH SMALL GROUPS TO SAFELY PRAY FOR THEIR COMMUNITIES USING OUR NATIONAL PRAYER WALK GUIDE. WE ALSO BEGAN THE 8-WEEK VIRTUAL PRAYER 101 CLASS AND 17 NEW STUDENTS WERE TRAINED. IN JULY, WE WELCOMED OUR NEW EXECUTIVE DIRECTOR, NICKCOLE BYRD TO THE TEAM. SINCE NICKCOLES ARRIVAL, WE HAVE CONTINUED WITH PROGRAMMING AS WE WORK TO TAILOR OUR MESSAGE. IN SEPTEMBER, OVER 100 PEOPLE SIGNED UP TO ATTEND THE TPI VIRTUAL MEET N GREET. GUESTS MET OUR NEW EXECUTIVE DIRECTOR AND WERE ENCOURAGED WITH THE MESSAGE DONT LET YOUR FIRE BURN OUT AS OCTOBER ROLLED AROUND, WE WERE IN OUR SECOND WEEK OF A 21-DAY PRAYER CHALLENGE. OVER 150 PARTICIPANTS SIGNED UP AND WERE GIVEN ACCESS TO A PRAYER GUIDE TO SUPPORT THE MESSAGE LED BY CHALLENGE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzette Caldwell Chairperson | Trustee | 5 | $0 |
Jane Costello Treasurer | Trustee | 5 | $0 |
Joseph High Director | Trustee | 5 | $0 |
Nickcole Jackson Executive Di | OfficerTrustee | 40 | $0 |
Jacquetta Smith 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 | $155,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,823 |
| Total Program Service Revenue | $7,146 |
| Investment income | $11,582 |
| 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 | $226,912 |
| 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 | $7,875 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,657 |
| Office expenses | $3,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,145 |
| Travel | $653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322 |
| Interest | $23 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $352,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,227 |
| Savings and temporary cash investments | $331,250 |
| 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 | $1,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $524,670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,116 |
| Total assets | $1,012,463 |
| Accounts payable and accrued expenses | $68,528 |
| 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 | $940 |
| Total liabilities | $69,468 |
| Net assets without donor restrictions | $942,995 |
| 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 | $1,012,463 |