Overview
What is The Praise Network Inc?
The Praise Network Inc, situated in Oneill, Nebraska, is a nonprofit organization primarily dedicated to the operation of Christian radio stations. Their mission extends to the realm of religious media production and publishing, aiming to broadcast faith-based messages and programs through these stations. The organization works tirelessly to promote spiritual growth and engagement within its community, making a significant impact through the medium of Christian radio.
Official website here: www.praisenetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Praise Network Inc has demonstrated a solid financial management structure, evident from its high program expense ratio of 82.93%, indicating that a significant portion of its funds is directed towards its programs. Additionally, the organization benefits from a majority independent board, contributing to its governance strength and accountability.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and has missing documentation for document retention and destruction, which are critical for ensuring transparency and ethical governance. Furthermore, while the charity has a website listed on its tax form, it does not provide access to its tax documents online, which limits public access to important financial information.
Overall, while The Praise Network Inc displays strengths in its program funding and governance structure, it faces challenges in enhancing its transparency and accountability practices. Addressing these limitations could improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Praise Network Inc legitimate?
The Praise Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Praise 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: $105,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $492,045
For more financial information, click here
Official website here: www.praisenetwork.org
What is the mission statement of The Praise Network Inc?
The Praise Network Inc, being a religious media organization, is dedicated to the operation of Christian radio stations. Their mission is centered around broadcasting religious content through these stations, aiming to spread religious messages and foster a spiritual community. By operating these radio stations, they contribute to religious education and engagement, providing a platform for spiritual growth and connection.
Official website here: www.praisenetwork.org
Who is the CEO of The Praise Network Inc?
Alex Mckenzie is the President of The Praise Network Inc.
Official website here: www.praisenetwork.org
What is the revenue of The Praise Network Inc?
The Praise Network Inc's revenue in 2023 was $1,305,974.
Official website here: www.praisenetwork.org
Who are the executives of The Praise Network Inc and what are their salaries?
The average compensation at The Praise Network Inc during 2023 was $20,598. There are 29 employees at The Praise Network Inc.
Here are 6 key members and their salaries:
- Compensation: $105,300
- 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.praisenetwork.org
Where can I find the form 990 for The Praise Network Inc?
The Praise Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.praisenetwork.org
Learn more at the official website: www.praisenetwork.org
Mission Statement of The Praise Network Inc
The Praise Network, a religious media organization, is dedicated to the operation of Christian radio stations. Their mission is centered around broadcasting faith-based content, providing a platform for spiritual enlightenment and inspiration to a wide audience. By operating these radio stations, The Praise Network seeks to foster a sense of community and spiritual connection among its listeners. The organization plays a crucial role in spreading religious messages and promoting spiritual growth through the medium of radio.
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Impact
July, 2024
The impact of The Praise Network Inc is felt through its operation of Christian radio stations. These stations play a crucial role in spreading messages of faith, positivity, and hope to listeners in the community. By providing a platform for religious content and uplifting programming, The Praise Network Inc plays a significant role in promoting spiritual growth and community connection.
This information is meant to be a general summary of The Praise 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 2023.
- Investment Income: $2,059
- Program Service Revenue: $446,858
- Gross Receipts: $1,305,974
Assets and Liabilities:
- Total Assets: $1,016,402
- Total Liabilities: $150,289
- Net Assets: $866,113
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDERWRITING GRANTS
Revenue
$418,153
SPECIAL EVENTS
Revenue
$27,904
OTHER INCOME
Revenue
$801
Organization Details
Founding Year
1988
Phone
(402) 336-1230Principal Officer
Alex Mckenzie
Main Address
128 S 4TH ST, ONEILL, NE, 68763
Website
www.praisenetwork.orgNTEE Category
Code: X80 - Religion related
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