Overview
What is Stream Of Praise Music Ministries?
Stream of Praise Music Ministries, based in Tustin, California, is a nonprofit organization dedicated to spreading the gospel message through music. They achieve this mission by hosting musical concerts in the United States and Asian countries, publishing music CDs and songbooks, and organizing music seminars. With a team of 23 individuals, their primary objective is to reach out to people and share the teachings of Christ using the power of music as a medium.
Official website here: www.sop.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 77%, Three-Star out of Four Star rating.
Stream Of Praise Music Ministries has received a Three-Star rating from Charity Navigator, indicating a decent level of accountability and finance management. Their score is primarily based on their strong performance in accountability, where they achieved full points for having an independent board and other governance policies. However, the organization has encountered challenges in financial transparency, as evidenced by their lack of financial statements.
The organization demonstrates an impressive program expense ratio of 85.11%, suggesting that a significant portion of their funds is directed toward their programs rather than administrative costs. Additionally, they maintain a favorable working capital ratio of 2.06 years, indicating good financial health and sustainability. However, the fundraising efficiency ratio of $0.00 raises questions about their fundraising effectiveness and may highlight an area for improvement.
Despite the challenges in financial reporting, the organization exhibits strong governance practices, such as having conflict of interest and whistleblower policies in place. Overall, while Stream Of Praise Music Ministries performs well in certain aspects, the areas regarding financial statements and fundraising efficiency could benefit from further development to enhance their overall transparency and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Stream Of Praise Music Ministries legitimate?
Stream Of Praise Music Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stream Of Praise Music Ministries 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: $137,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $813,226
For more financial information, click here
Official website here: www.sop.org
What is the mission statement of Stream Of Praise Music Ministries?
Stream of Praise Music Ministries is committed to spreading the message of Christianity through musical concerts in the United States and Asian countries. They accomplish this by publishing music CDs and songbooks, as well as hosting music seminars. The primary goal of the ministry is to use gospel music as a medium to promote biblical teachings to the public.
Official website here: www.sop.org
Who is the CEO of Stream Of Praise Music Ministries?
Sandy Yu is the President of Stream Of Praise Music Ministries.
Official website here: www.sop.org
What is the revenue of Stream Of Praise Music Ministries?
Stream Of Praise Music Ministries's revenue in 2022 was $2,322,414.
Official website here: www.sop.org
Who are the executives of Stream Of Praise Music Ministries and what are their salaries?
The average compensation at Stream Of Praise Music Ministries during 2022 was $41,335. There are 23 employees and 100 volunteers at Stream Of Praise Music Ministries.
Here are 4 key members and their salaries:
- Compensation: $72,000
- Related: $0
- Other: $0
- Compensation: $65,481
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sop.org
Where can I find the form 990 for Stream Of Praise Music Ministries?
Stream Of Praise Music Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sop.org
Learn more at the official website: www.sop.org
Mission Statement of Stream Of Praise Music Ministries
Stream Of Praise Music Ministries is committed to spreading the message of Christianity through musical concerts, primarily in the United States and Asian countries. They achieve this by organizing live performances and publishing musical CDs and songbooks. Additionally, this nonprofit organization hosts music seminars, providing a platform for individuals to learn, share, and deepen their understanding of gospel music. By producing and distributing gospel music, Stream Of Praise Music Ministries aims to engage the public in a biblical message, ultimately reaching out to people and sharing the teachings of Christianity.
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Impact
July, 2024
Stream Of Praise Music Ministries has a profound impact on spreading the message of Christ through its musical concerts, CDs, songbooks, and seminars. Through their efforts, they are able to reach and touch the lives of people in the US and various Asian countries. Their dedication to producing and distributing gospel music plays a crucial role in promoting the biblical message to the public. In a world where music is a powerful medium of communication, Stream Of Praise Music Ministries uses this platform to share the gospel and inspire others. Their mission to reach people through music is truly making a difference in bringing the message of Christ to a broader audience.
This information is meant to be a general summary of Stream Of Praise Music Ministries. 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: $513
- Program Service Revenue: $229,551
- Gross Receipts: $2,350,268
Assets and Liabilities:
- Total Assets: $6,853,115
- Total Liabilities: $3,265,006
- Net Assets: $3,588,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MINISTRY SCHOOLS
Revenue
$27,250
PUBLISHING
Revenue
$5,163
ROYALTY
Revenue
$31,356
SERVICE INCOME
Revenue
$151,856
SOP EXCLUSIVE MEMBERSHIP
Revenue
$8,315
Organization Details
Founding Year
1995
Phone
(714) 258-1165Principal Officer
Sandy Yu
Main Address
1165 WARNER AVE, TUSTIN, CA, 92780
Website
www.sop.orgNTEE Category
Code: X20 - Religion related
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