Overview
What is Hollywood Prayer Network Inc?
Hollywood Prayer Network Inc is a nonprofit organization situated in Hollywood, California, specifically at 1760 N Gower Street. Over the past year, the organization has experienced significant growth in various aspects. This expansion includes an increase in their mailing list, online presence, and number of local members. Additionally, they have established new local chapters globally, boosting their presence in 40 countries. Their digital reach has also grown, with more website views and YouVersion devotional users. Furthermore, they have seen an influx in the number of vocational groups, one-to-one prayer partners, and individuals joining their prayer teams. The core activity of Hollywood Prayer Network Inc is to support and pray for the entertainment industry, its people, and projects, aiming to positively influence this powerful sector.
Official website here: www.hollywoodprayernetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 73%, Two-Star out of Four Star rating.
Hollywood Prayer Network Inc has received a two-star rating from Charity Navigator, which indicates that while the organization meets some standards of accountability and transparency, there are significant areas needing improvement. Their score of 73% reflects strengths in aspects such as having a fully independent board and a good liabilities to assets ratio, but weaknesses in governance policies have impacted their overall rating.
The organization has demonstrated strong financial health with a program expense ratio indicating effective allocation of resources towards its mission. However, critical policies such as conflict of interest, whistleblower, and document retention are missing, leading to gaps in transparency and accountability. Additionally, the absence of documented board meeting minutes and the nonprofit’s tax form on its website further highlight areas that require attention.
In summary, while Hollywood Prayer Network Inc shows promise in financial management, the lack of essential governance policies and documentation limits its effectiveness in demonstrating accountability to stakeholders. Addressing these gaps could enhance their rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hollywood Prayer Network Inc?
88% of 282 reviewers on Facebook recommend Hollywood Prayer Network Inc. Here is a summary of their reviews:
The sentiment surrounding this nonprofit is largely positive, with many users expressing gratitude for its prayer ministry. Reviewers appreciate the organization's dedication to prayer and intercession, often highlighting the team’s commitment to standing in the gap for others. This spiritual support resonates deeply with those involved, creating a sense of community and purpose.
The overall impression is that Hollywood Prayer Network effectively fulfills its mission, fostering a supportive environment for both prayer and connection among believers. Participants recognize the value of the ministry and encourage it to continue its impactful work.
This AI summary has been generated from reviews found on Facebook.
Is Hollywood Prayer Network Inc legitimate?
Hollywood Prayer Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hollywood Prayer Network Inc 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: $60,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $64,111
For more financial information, click here
Official website here: www.hollywoodprayernetwork.org
What is the mission statement of Hollywood Prayer Network Inc?
The Hollywood Prayer Network Inc's mission revolves around supporting and praying for individuals in the entertainment industry. They aim to offer spiritual support to people, projects, and the influential impact of this sector. Over the past year, their outreach has expanded, with an increase in their mailing list, online presence, and global chapter count. Their activities include growing their online devotional, establishing new vocational groups, and engaging more individuals in prayer sessions. They also offer resources such as a weekly prayer call and a monthly Kids & Teens Prayer Calendar, demonstrating their commitment to prayer and support within the entertainment industry.
Official website here: www.hollywoodprayernetwork.org
Who is the CEO of Hollywood Prayer Network Inc?
Karen Covell is the Executive Dir. of Hollywood Prayer Network Inc.
Official website here: www.hollywoodprayernetwork.org
What is the revenue of Hollywood Prayer Network Inc?
Hollywood Prayer Network Inc's revenue in 2022 was $1,834,367.
Official website here: www.hollywoodprayernetwork.org
Who are the executives of Hollywood Prayer Network Inc and what are their salaries?
The average compensation at Hollywood Prayer Network Inc during 2022 was $31,178. There are 4 employees and 100 volunteers at Hollywood Prayer Network Inc.
Here are 5 key members and their salaries:
- Compensation: $60,900
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hollywoodprayernetwork.org
Where can I find the form 990 for Hollywood Prayer Network Inc?
Hollywood Prayer Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hollywoodprayernetwork.org
Learn more at the official website: www.hollywoodprayernetwork.org
Mission Statement of Hollywood Prayer Network Inc
Hollywood Prayer Network Inc, a notable organization, is dedicated to offering support and prayers for the individuals, ventures, and influential impact of the entertainment industry. Their mission is centered around uplifting and interceding for the people involved in the entertainment sector, as well as the projects and far-reaching influence they yield.
Throughout the past year, Hollywood Prayer Network Inc has experienced significant growth in various aspects, reflecting the effectiveness and relevance of its mission. The organization's mailing list has expanded from 11,857 to 16,686 individuals. Additionally, its online presence has increased, with a growth in followers on Facebook, Instagram, and YouTube. Furthermore, the number of local members in Los Angeles has risen from 4,469 to 5,821, demonstrating a stronger community bond within Hollywood Prayer Network Inc.
The global reach of Hollywood Prayer Network Inc has also expanded, with an increase in local chapters from 153 in 37 countries to 164 in 40 countries. The organization's website views have also grown from 440,539 to 485,950, attracting more people to engage with its content. Moreover, the number of individuals using the organization's devotional on YouVersion has increased from 148,01 to 162,097, indicating a growing interest in prayer and support for the entertainment industry.
In terms of practical activities, Hollywood Prayer Network Inc has seen an increase in Vocational groups meeting in Hollywood, offering a platform for Christian professionals to connect and support one another. The organization has also experienced growth in one-to-one prayer partners, as well as an increase in parents joining the Parents Prayer Team and children, parents, and pastors utilizing the monthly Kids & Teens Prayer Calendar. Furthermore, the number of individuals participating in the Weekly Friday One Hour Prayer Call has grown, and more volunteers are getting involved in events, small groups, and meet-ups.
In summary, Hollywood Prayer Network Inc is a nonprofit organization committed to supporting and praying for the people, projects, and influential impact of the entertainment industry. Their mission is demonstrated by their significant growth in various areas, indicating a growing community of individuals engaged in prayer and support for the entertainment sector.
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Impact
October, 2024
Hollywood Prayer Network Inc has made a significant impact by fostering a supportive community centered around prayer and engagement in the entertainment industry. Over the past year, they have seen a remarkable increase in their outreach, growing their master mailing list from 11,857 to 16,686 subscribers. This uptick in interest reflects a rising awareness and commitment to their mission.
The organization has also enhanced its online presence, with notable growth on platforms like Facebook, Instagram, and YouTube, allowing them to connect with a broader audience. Their local presence in Los Angeles has expanded, increasing local membership from 4,469 to 5,821 individuals, illustrating a deepening local commitment to their cause.
Globally, Hollywood Prayer Network has seen an increase in local chapters, highlighting its reach and influence across 40 countries, up from 37. Their website has attracted even more attention, with views climbing from 440,539 to nearly 486,000. This surge indicates a growing interest in their initiatives and prayer efforts for the entertainment industry.
The organization has also developed specialized resources, including a popular online devotional that has attracted 162,097 users, further demonstrating a collective commitment to praying specifically for Hollywood. New vocational groups established in Hollywood by Christian professionals signify the ongoing dialogue and support within the industry. Initiatives such as one-on-one prayer partnerships and involvement from parents and youth reflect a community-driven approach to their mission.
Weekly gatherings, such as the Friday One Hour Prayer Call, have attracted more participants, showcasing the commitment from individuals who want to contribute actively. Overall, Hollywood Prayer Network Inc plays a vital role in connecting people through prayer and advocacy, shaping a community focused on the influence of the entertainment industry.
This information is meant to be a general summary of Hollywood Prayer Network Inc. 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: $407
- Gross Receipts: $1,834,367
Assets and Liabilities:
- Total Assets: $1,707,762
- Total Liabilities: $5,745
- Net Assets: $1,702,017
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Organization Details
Phone
(323) 462-8486Principal Officer
Karen Covell
Main Address
1760 N GOWER STREET, HOLLYWOOD, CA, 90028
NTEE Category
Code: X80 - Religion related
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