PRAISE BROADCASTING INC

EIN: 411930197 501(c)(3) Religion

OSAKIS, MN

Total Revenue
$24,903
Total Expenses
$5,874
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Phone
3208593000
Tax Period
2021-01-01 to 2021-12-31

PRAISE BROADCASTING INC, founded in 1998, is a micro nonprofit in the Religion sector that reported $25K in total revenue in fiscal year 2021. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $19K, a strong 76% operating margin.

Mission

PRAISE BROADCASTING'S (PRAISELIVE) VISION IS TO SEE EVERY TRIBE AND NATION EXPERIENCING JESUS TOGETHER. OUR MISSION IS SIMPLE: TOGETHER WE HELP PEOPLE DISCOVER AND WORSHIP JESUS. MORE THAN A RADIO STATION, PRAISE LIVE IS A PLACE WHERE PASSIONATE LOVERS OF JESUS COME TOGETHER TO WORSHIP HIM, SPEND TIME IN HIS WORD AND PRAY FOR EACH OTHER.

Program Service Accomplishments

Program 1
Expenses: $5,874

PRAISEBROADCASTING'S (PRAISELIVE) VISION IS TO SEE EVERY TRIBE AND NATION EXPERIENCING JESUS TOGETHER. WE ACCOMPLISH THIS BY LOOKING FOR THE ONE THE ONE PERSON WHO NEEDS TO KNOW THE HOPE AND HEALING...

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PRAISEBROADCASTING'S (PRAISELIVE) VISION IS TO SEE EVERY TRIBE AND NATION EXPERIENCING JESUS TOGETHER. WE ACCOMPLISH THIS BY LOOKING FOR THE ONE THE ONE PERSON WHO NEEDS TO KNOW THE HOPE AND HEALING JESUS BRINGS. PRAISE LIVE IS WHERE PASSIONATE LOVERS OF JESUS COME TOGETHER TO WORSHIP HIM, SPEND TIME IN HIS WORD AND PRAY FOR EACH OTHER. WE BEGAN IN A SMALL TOWN IN RURAL MINNESOTA WITH A BIG VISION. WE SAW PEOPLE AROUND US WHO HAD NO IDEA WHO GOD IS. THEY HAVE HEARD ABOUT HIM, BUT THEY HAVE NEVER REALLY MET HIM IN A PERSONAL WAY. IN 1995, GOD SPOKE TO US ABOUT CHANGING OUR FORMAT TO REACH PEOPLE WITH WORSHIP MUSIC, SCRIPTURE, AND STORIES OF HOPE. TODAY WE ARE HEARD IN MINNESOTA ON KBHL OSAKIS, KNOF MINNEAPOLIS, KBHZ WILLMAR, AND KCGN ORTONVILLE. WE ARE ALSO AVAILABLE ON TRANSLATORS IN ABERDEEN S.D. AND MARSHALL, MN. IN THE PAST FEW YEARS, GOD HAS OPENED DOORS FOR US TO BROADCAST VIA SATELLITE TO MOST OF THE MIDDLE EAST AND AFRICA AND 64 RADIO AFFILIATES IN AFRICA THAT CARRY SEGMENTS OF OUR PROGRAMMING. WE PARTNER WITH JESUS.NET, WITH LISTENERS FROM OVER 85 COUNTRIES TUNING IN REGULARLY. AN ADDITIONAL 190 COUNTRIES HAVE IMMEDIATE ACCESS TO PRAISELIVE THROUGH ANOTHER STRATEGIC PARTNERSHIP WITH THE WORLDWIDE BROADCAST MINISTRY OF TRANS WORLD RADIO. PRAISELIVE IS A PLACE OF PRAYER. PEOPLE AROUND THE WORLD TRUST THE TEAM AT PRAISELIVE TO TAKE THEIR NEEDS TO GOD. PRAYER REQUESTS ARE SUBMITTED THROUGH OUR PRAISELIVE APP, WEBSITE, E-MAIL, AND PHONE CALLS TO OUR STAFF. IT'S OUR JOY TO PRAY WITH PEOPLE AND TO TRUST JESUS TO HELP THEM. WE ALSO HAVE PRAYER STATIONS WE TAKE TO EVENTS AROUND THE AREA TO PRAY WITH PEOPLE FOR THEIR NEEDS. PRAISELIVE ALSO COMES ALONGSIDE OTHER NONPROFIT FAITH-BASED MINISTRIES, SUCH AS ONEHOPE AND THE SALVATION POEM, TO PROVIDE PRAYER FOR THEIR MINISTRIES' NEEDS. OVER 530,000 PEOPLE CONNECT TO THE MINISTRY VIA FACEBOOK, TWITTER, AND INSTAGRAM, WHERE SCRIPTURE VERSES, TESTIMONIES, AND STORIES OF HOPE ARE SHARED WEEKLY. PRAISELIVE ALSO MINISTERS VIA PODCASTS THAT GO DEEPER AS PEOPLE SHARE THEIR TESTIMONIES OF HOPE IN JESUS. TO JOIN THE VISION OF SEEING PEOPLE EXPERIENCE JESUS, YOU CAN MAKE YOUR GIFT AT PRAISELIVE.ORG, AS WE ARE A LISTENER-SUPPORTED MINISTRY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $24,903
Other Revenue $0
TOTAL REVENUE $24,903

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,874
Other Expenses $5,874
TOTAL EXPENSES $5,874

Year-over-Year Comparison

2021 2020 Change
Revenue $24,903 $30,771 -0.2%
Expenses $5,874 $8,651 -0.3%
Net Income $19,029 $22,120 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$80,252
Total Directors
5
$80,252
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MCIVER EXECUTIVE DIRECTOR/VP/SECR 20.00
Officer Director
$0 $0 $80,252
TIM MCDERMOTT CHIEF OPERATING OFFICER 20.00
$0 $0 $12,534
JEFF RHEINGANS PRESIDENT 0.50
Officer Director
$0 $0 $0
CHUCK BAUER DIRECTOR/TREASURER 0.50
Officer Director
$0 $0 $0
LARRY JEDDELOH DIRECTOR 0.50
Director
$0 $0 $0
KERRY JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $24,903 $5,874 No data $19,029
2020 $30,771 $8,651 $1,184,115 $22,120
2019 $96,216 $30,681 $1,161,995 $65,535
2018 $238,984 $439,765 $1,330,442 $-200,781
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