PRAISE MINISTRIES INC

Address
PO BOX 1000
LINDALE, TX 757711000
Contact
Website: http://www.dallasholm.com
Phone: +1 (903) 882-6176
Nonprofit
NTEE: X20 - Christian
EIN: 75-1724889

Mission

501(C)(3) RELIGIOUS ORGANIZATION
 20162015201420132012
Basic features of the organization
Year of formation1980
Subsection code03
PF filing required0    
Metropolitan statistical area8640
Form of organization
Other form of orgTrue
Description of other form of orgMINISTRY
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$66,252.00$82,776.00$106,253.00$147,603.00$147,681.00
Sum of reportable (W2/1099) compensation$33,708.00$57,170.00$78,000.00$63,750.00$76,520.00
Number of employees45555
Personnel
Holm, Dallas
TitlePRES/TREASPRES/TREASPRES/TREASPRES/TREASPRES/TREAS
Name of key/compensated personDALLAS HOLMDALLAS HOLMDALLAS HOLMDALLAS HOLMDALLAS HOLM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$18,167.00$22,633.00$48,000.00$33,750.00$45,460.00
Other comp, non-reportable, from org and related orgs$32,544.00$28,692.00$29,746.00$68,509.00$55,657.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Koeshall, Jennifer
TitleSECRETARYSECRETARY   
Name of key/compensated personJENNIFER KOESHALLJENNIFER KOESHALL   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$15,541.00$13,575.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Kolb, Deana
Title VP/SECRETARY   
Name of key/compensated person DEANA KOLB   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 40.00   
Reportable compensation from org $20,962.00   
Other comp, non-reportable, from org and related orgs -$3,086.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Kolb, Deanna
Title  V.P./SECRV.P./SECRV.P./SECR
Name of key/compensated person  DEANNA KOLBDEANNA KOLBDEANNA KOLB
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  40.0040.0040.00
Reportable compensation from org  $30,000.00$30,000.00$31,060.00
Other comp, non-reportable, from org and related orgs  -$1,493.00$15,344.00$15,514.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
McCrary, Rick
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRICK MCCRARYRICK MCCRARYRICK MCCRARYRICK MCCRARYRICK MCCRARY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Musgrave, Ac
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personAC MUSGRAVEAC MUSGRAVEAC MUSGRAVEAC MUSGRAVEAC MUSGRAVE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities501(C)(3) RELIGIOUS ORGANIZATION501(C)(3) RELIGIOUS ORGANIZATION501(C)(3) RELIGIOUS ORGANIZATION501(C)(3) RELIGIOUS ORGANIZATION501(C)(3) RELIGIOUS ORGANIZATION
Program service expenses, total$106,012.00$122,875.00$151,038.00$154,158.00$152,757.00
Programs, including revenue & expenses
PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.
Program expenses$106,012.00$122,875.00$151,038.00$154,158.00$152,757.00
Grants and allocations made$1,000.00$500.00 $6,300.00$8,340.00
Program descriptionPRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.PRAISE MINISTRIES, INC. SPREADS THE GOSPEL OF JESUS CHRIST THROUGH MUSIC AND WORD IN CONCERT HALLS AND CHURCHES THROUGHOUT THE UNITED STATES.
Financial data
Revenue
Total revenue$212,955.00$243,919.00$270,352.00$292,021.00$301,584.00
Revenue from contributions (total)$114,815.00$145,065.00$197,826.00$169,295.00$182,204.00
Investment income, current yr$38.00$25.00$14.00$84.00$125.00
Total revenue from grants, etc., current yr$114,815.00$145,065.00$197,826.00$169,295.00$182,204.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$18,588.00$32,129.00$34,212.00$45,638.00$49,155.00
Program service revenue (total)$79,514.00$66,700.00$38,300.00$77,004.00$70,100.00
Gross receipts$217,888.00$247,964.00$278,830.00$298,585.00$311,933.00
Sources of contributions
Revenue from all other contributions$114,815.00$145,065.00$197,826.00$169,295.00$182,204.00
Other types of revenue
Royalties (total)$1,526.00$1,701.00$1,860.00$1,163.00$1,440.00
Income from dividends, interest, and similar investments$38.00$25.00$14.00$84.00$125.00
Net rental income $0.00$0.00$0.00$0.00
Net inventory sales (total)$17,062.00$30,428.00$32,352.00$44,475.00$47,715.00
Expense categories (totals)
Total functional expenses: sum of all$201,207.00$229,682.00$277,257.00$319,204.00$323,177.00
Total functional expenses: program service $106,012.00$122,875.00$151,038.00$154,158.00$152,757.00
Total functional expenses: management and general$90,514.00$85,502.00$106,519.00$148,900.00$150,811.00
Total functional expenses: fundraising$4,681.00$21,305.00$19,700.00$16,146.00$19,609.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$87,678.00$74,760.00$62,754.00$66,981.00$94,831.00
Total assets, beginning of year$74,760.00$62,754.00$66,981.00$94,831.00$116,204.00
Total liabilities$1,746.00$576.00$2,807.00$129.00$796.00
Total liabilities, beginning of year$576.00$2,807.00$129.00$796.00$576.00
Unrestricted net assets, end of yr$85,932.00$74,184.00$59,947.00$66,852.00$94,035.00
Net assets$85,932.00$74,184.00$59,947.00$66,852.00$94,035.00
Net assets, beginning of year$74,184.00$59,947.00$66,852.00$94,035.00$115,628.00
Other liabilities $74.00$2,542.00 $162.00
Cash: non-interest bearing$45,500.00$36,292.00$21,103.00$18,852.00$52,255.00
Cash: non-interest bearing, beginning of year$36,292.00$21,103.00$18,852.00$52,255.00$71,232.00
Inventories for sale or use$6,003.00$2,293.00$5,476.00$11,954.00$6,401.00
Other financial variables
Revenue less expenses$11,748.00$14,237.00-$6,905.00-$27,183.00-$21,593.00
Accounts payable & accrued expenses$1,746.00$502.00$265.00$129.00$634.00
Total net assets or fund balances$85,932.00$74,184.00$59,947.00$66,852.00$94,035.00
Governance and accountability
Number of voting members55444
Number of independent voting members22222
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Business transaction with family memberTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-10-252017-04-042016-02-052014-12-292013-12-21
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.3
Filing identifier201702339349300615201623209349316097201533169349301738201443189349303769201333169349302913
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