Overview
What is Praxis Inc?
Praxis Inc is a nonprofit organization situated in New York, specifically at 409 W 45th Street, 3rd Floor. Their primary focus is on fostering a global community, bringing together five essential audiences: founders, funders, builders, thinkers, and ecosystem builders. This community is dedicated to advancing redeeming entrepreneurship, a network that exemplifies the way of Jesus in the world. Praxis Inc serves as a creative engine, supporting founders, funders, and innovators motivated by their faith to tackle the significant challenges of our time. The organization has a team of 14 individuals working towards their mission.
Official website here: www.praxislabs.org
What are the reviews and ratings of this charity?
Charity Navigator rates Praxis Inc with a Four-Star out of Four Star rating, reflecting a high overall score of 97%. This rating indicates strong performance in Accountability & Finance, with the organization achieving a perfect score in several key areas such as board independence, financial oversight, and compliance with policies. The majority of its board members are independent, which enhances transparency and governance.
Praxis Inc demonstrates solid financial health, with an impressive program expense ratio of 80.51%, indicating that a significant portion of its expenditures directly supports its mission. Additionally, the organization has no material diversion of assets, showcasing effective asset management and adherence to ethical standards. Its liabilities to assets ratio stands at a low 21.41%, suggesting a stable financial position.
However, while the organization excels in many areas, its fundraising efficiency ratio of $0.01 may be considered a limitation. This suggests that fundraising costs could be relatively high compared to the funds raised, which might impact operational longevity and sustainability. Overall, Praxis Inc is recognized for its strong governance and commitment to accountability, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Praxis Inc legitimate?
Praxis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Praxis 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: $442,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,755,990
For more financial information, click here
Official website here: www.praxislabs.org
What is the mission statement of Praxis Inc?
Praxis Inc is focused on fostering redemptive entrepreneurship through a venture building ecosystem. Their mission is to support founders, investors, and innovators motivated by their faith, who aim to address the significant issues of our time. By building a global community of five essential audiences – founders, funders, builders, thinkers, and ecosystem builders – they aim to advance redemptive entrepreneurship as a diverse and interconnected network, serving as a testament to the way of Jesus in the world.
Official website here: www.praxislabs.org
Who is the CEO of Praxis Inc?
Dave Blanchard is the Ceo of Praxis Inc. The CEO's salary of Praxis Inc is $239,400 and their total compensation is $289,329.
Official website here: www.praxislabs.org
What is the revenue of Praxis Inc?
Praxis Inc's revenue in 2022 was $5,600,439.
Official website here: www.praxislabs.org
Who are the executives of Praxis Inc and what are their salaries?
The average compensation at Praxis Inc during 2022 was $157,064. There are 14 employees and 20 volunteers at Praxis Inc.
Here are 13 key members and their salaries (Praxis Inc's CEO's salary is $239,400 and their total compensation is $289,329):
- Compensation: $239,400
- Related: $0
- Other: $49,929
- Compensation: $195,469
- Related: $0
- Other: $44,183
- Compensation: $186,250
- Related: $0
- Other: $48,179
- Compensation: $203,906
- Related: $0
- Other: $10,195
- Compensation: $125,375
- Related: $0
- Other: $45,335
- Compensation: $135,208
- Related: $0
- Other: $32,938
- Compensation: $112,500
- Related: $0
- Other: $19,192
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.praxislabs.org
Where can I find the form 990 for Praxis Inc?
Praxis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.praxislabs.org
Learn more at the official website: www.praxislabs.org
Mission Statement of Praxis Inc
Praxis Inc, a creative engine for redemptive entrepreneurship, operates as a venture building ecosystem. Its mission is to support founders, funders, and innovators who are motivated by their faith, encouraging them to tackle the significant issues of our time. By building a global community, Praxis Inc aims to unite five essential audiences: founders, funders, builders, thinkers, and ecosystem builders. These individuals collaborate to advance redemptive entrepreneurship, creating a diverse yet dense network that serves as a testament to the way of Jesus in the world.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Praxis Inc is a creative engine for redemptive entrepreneurship, aimed at building a global community of founders, funders, builders, thinkers, and ecosystem builders who work together to advance redemptive entrepreneurship. Their focus on supporting innovators motivated by their faith to address major societal issues is making a significant impact in the world. Through ecosystem building, Praxis Inc is creating a diverse yet dense network that serves as a witness of the way of Jesus in the world. Their work in New York is influencing the entrepreneurial landscape and fostering a community dedicated to creating positive change.
This information is meant to be a general summary of Praxis 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: $82
- Program Service Revenue: $802,611
- Gross Receipts: $5,600,439
Assets and Liabilities:
- Total Assets: $3,579,268
- Total Liabilities: $433,404
- Net Assets: $3,145,864
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$802,611
Organization Details
Founding Year
2011
Phone
(310) 357-1523Principal Officer
Dave Blanchard
Main Address
409 W 45TH STREET 3RD FLOOR, NEW YORK, NY, 100364211
Website
www.praxislabs.orgNTEE Category
Code: X022 - Religion related
If you are a representative of Praxis Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.