Overview
What is Foundation Of Praise?
The Foundation of Praise is a nonprofit organization situated in Escondido, California. With a small team of four dedicated individuals, their primary mission is to distribute inspirational materials to various institutions and communities. These include ministries, prisons, hospitals, pregnancy centers, and the military. The organization responds to numerous requests for prayer and support, reaching out to individuals and prisoners alike. Their activities revolve around providing motivational resources, aiming to uplift and support those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Foundation Of Praise has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to its low Accountability & Finance score. The charity has no independent board members, contributing to significant concerns about governance and oversight. Additionally, it is missing essential financial disclosures, such as its financial statements and tax forms on its website, further highlighting a lack of transparency.
While the organization has demonstrated a relatively healthy liabilities to assets ratio at 0.03%, indicating good financial health, its program expense ratio stands at 56.96%, which suggests that a significant portion of its funding may not be directed towards programs. The absence of key policies, such as conflict of interest and whistleblower policies, raises additional red flags regarding its operational integrity.
Overall, the lack of independent board oversight and critical financial documentation presents challenges for donor trust and accountability. Individuals considering support are encouraged to conduct thorough research and consider these governance issues before contributing to Foundation Of Praise.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Of Praise legitimate?
Foundation Of Praise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Of Praise submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $171,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,872
For more financial information, click here
What is the mission statement of Foundation Of Praise?
The Foundation of Praise's mission is centered around providing inspirational materials to various institutions and communities. This includes ministries, prisons, hospitals, pregnancy centers, and the military. Their primary objective is to offer spiritual support and resources to these entities. The foundation responds to numerous requests for prayer and assistance from individuals and prisoners alike. In summary, the Foundation of Praise aims to uplift and inspire through inspirational materials and spiritual support, reaching out to various institutions and individuals in need.
Who is the CEO of Foundation Of Praise?
Joann Thomas is the Treasurer of Foundation Of Praise.
What is the revenue of Foundation Of Praise?
Foundation Of Praise's revenue in 2022 was $620,567.
Who are the executives of Foundation Of Praise and what are their salaries?
The average compensation at Foundation Of Praise during 2022 was $61,885. There are 4 employees and 3 volunteers at Foundation Of Praise.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $552
- Compensation: $123,713
- Related: $0
- Other: $12,211
- Compensation: $5,000
- Related: $0
- Other: $30,192
Where can I find the form 990 for Foundation Of Praise?
Foundation Of Praise's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation Of Praise
The Foundation of Praise, as a nonprofit organization, is dedicated to providing inspirational materials to various institutions and communities in need. This includes ministries, prisons, hospitals, pregnancy centers, and the military. The mission of this organization is to spread inspiration and support through the distribution of motivational content. They respond to numerous requests for prayer and assistance from individuals and prisoners alike, demonstrating their commitment to uplifting spirits and offering comfort during challenging times.
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Impact
July, 2024
Foundation Of Praise's impact can be seen in the provision of inspirational materials to ministries, prisons, hospitals, pregnancy centers, and the military. Their work involves responding to numerous calls and correspondence requesting prayer and support from individuals and prison inmates. Through their efforts, they are able to offer spiritual guidance and support to a wide range of individuals and institutions in need. Their mission of providing inspirational materials to these various sectors plays a vital role in spreading positivity and hope within communities and among individuals facing challenging circumstances.
This information is meant to be a general summary of Foundation Of Praise. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $213,586
- Program Service Revenue: $85,440
- Gross Receipts: $676,356
Assets and Liabilities:
- Total Assets: $5,953,519
- Total Liabilities: $2,115
- Net Assets: $5,951,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOKS/CDS
Revenue
$85,440
Organization Details
Founding Year
1974
Phone
(760) 741-2755Principal Officer
Joann Thomas
Main Address
PO BOX 2518, ESCONDIDO, CA, 92033
NTEE Category
Code: X80 - Religion related
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