Praise International Inc in Hendersonville, Tennessee (TN)

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Praise International Inc
Employer Identification Number (EIN)581606794
Name of OrganizationPraise International Inc
In Care of NameJAMES R HENDRICKS
Address1009 Shoreside Drive, Hendersonville, TN 37075-9609
ActivitiesEvangelism, Described in section 170(b)1)(a)(vi) of the Code
SubsectionReligious Organization
Ruling Date04/1985
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCooperative
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$-3,179
Amount of Income$39,289
Form 990 Revenue Amount$39,289
National Taxonomy of Exempt Entities (NTEE)Religion-Related, Spiritual Development: Protestant


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Amount of income in 2014: $39,289
This organization: 

 $39,289
Other organizations performing similar types of work: 

 $189,112

Assets in 2014: $-3,179
This organization: 

 $-3,179
Other organizations performing similar types of work: 

 $913,829

Expenses in 2012: $23,152
This organization: 

 $23,152
Other organizations performing similar types of work: 

 $62,802

Income to expenses ratio in 2012: 1.7
Praise International Inc: 

 1.7
Other organizations performing similar types of work: 

 3.1

Expenses allocated to program services in 2006: 50.3%
This organization: 

 50.3%
Other organizations performing similar types of work: 

 50.3%

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$21,662
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$15,884
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$5,778
Gross sales of inventory, less returns and allowances$5,936
Less: cost of goods sold$158
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$23,152
Compensation of current officers, directors, trustees, and key employees$17,506
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$5,646
Balance Sheet (for 2012)
Total assets$43,056
Total liabilities$55,301
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$55,301
Total net assets or fund balances$-12,245
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$85,250
Gifts, grants, contributions, and membership fees received$85,250
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2003200420052006
Total revenue$42,276$39,457$46,355$39,289
Contributions, gifts, grants, and similar amounts received$10,544$9,455$0$0
Contributions to donor advised funds$0
Direct public support$10,544$9,455$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$31,732$30,002$35,848$10,461
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$19,843
Gross amount from sales of assets other than inventory$0$0$0$37,925
Less: cost or other basis and sales expenses$0$0$0$18,082
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$10,507$8,985
Gross sales of inventory, less returns and allowances$0$0$10,507$8,985
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$56,479$47,671$45,036$28,946
Program services$29,206$28,451$28,044$14,546
Management and general$27,273$19,220$16,992$14,400
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$-3,566$-11,781$-13,522$-3,179
Excess or (deficit) for the year$-14,203$-8,214$1,319$10,343
Net assets or fund balances at beginning of year$10,637$-3,566$-11,781$-13,522
Other changes in net assets or fund balances$0$-1$-3,060$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$28,946$14,546$14,400$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$1,064$532$532$0
Postage and shipping$0$0$0$0
Occupancy$9,410$4,705$4,705$0
Equipment rental and maintenance$357$179$178$0
Printing and publications$0$0$0$0
Travel$7,703$3,852$3,851$0
Conferences, conventions, and meetings$0$0$0$0
Interest$1,312$656$656$0
Depreciation, depletion, etc.$6,764$3,382$3,382$0
Other expenses not covered above$2,336$1,240$1,096$0
Balance Sheets
2003200420052006
Total assets$118,537$102,612$90,039$64,164
Cash - non-interest-bearing$2,029$335$1,029$0
Savings and temporary cash investments$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$116,508$102,277$89,010$64,164
Other assets, including program-related investments$0$0$0$0
Total liabilities$122,103$114,393$103,561$67,343
Accounts payable and accrued expenses$0$0$0$0
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$122,103$114,393$103,561$67,343
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$118,537$102,612$90,039$64,164
Total net assets or fund balances$-3,566$-11,781$-13,522$-3,179
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2003200420052006
Total revenue$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0
Other expenses$0$0$0$0
Net unrealized gains on investments$0$0$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2003200420052006
Total expenses$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0
Other revenue$0$0$0$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$0
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings3
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$8,985$10,461$0
Program service revenue
Program service revenue 1000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$10,461$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory999999$8,98500$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2002200320042005
Total$67,306$42,276$39,457$46,355
Gifts, grants, and contributions received$5,450$10,544$9,455$35,848
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$30,002$10,507
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$61,856$31,732$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Praise International Inc1009 Shoreside Drive, Hendersonville, TN 37075-9609TN1985-04$39,289
2Third Baptist Church Foundation620 N Grand Blvd, St Louis, MO 63103-1009MO1965-04$1,374,629
3Twenty Eighth Church Of Christ Scientist, La Calif Endowment Trust1018 Hilgard Ave, Los Angeles, CA 90024-3005CA1978-08$1,311,604
4The Endowment Trust Of The 1st Con- Gregational Church Of Appleton Wi3913 W Prospect Ave Ste 201, Appleton, WI 54914-8797WI1974-12$703,201
5Rymer Sampson 12236-006PO BOX 3636, Grand Rapids, MI 49501-3636MI$305,237
6West Coast Mennonite Relief Sale Inc5667 Amber Ave, Clovis, CA 93619-9335CA1977-08$217,054
7Middlesex Baptist Church Trust Ssb 17210006PO BOX 1802, Providence, RI 02901-1802RI1982-12$189,112
8Worlds Christian Endeavor UnionPO BOX 723, Grove City, PA 16127-0723PA1957-03$163,393
9Sarah Harris Johnson-Epiphany Church FundPO BOX 831041, Dallas, TX 75283-1041TX1977-11$159,080
10Westminster Pasadena Foundation1757 N Lake Ave, Pasadena, CA 91104-1226CA1960-08$133,057
11Schermerhorn Foundation Inc4250 Old Rt 22, Brewster, NY 10509-5929NY1968-05$129,025
12Walton Tithe TrustPO BOX 395, Holland, TX 76534-0395TX1971-03$114,773
13South Street Disciples Of Christ Foundation500 South Avenue, Springfield, MO 65806MO1986-04$109,108
14Thomaston First Baptist Fdn IncPO BOX 351, Thomaston, GA 30286-0005GA1975-08$102,356
15University Park United Methodist Church Foundation4024 Caruth Blvd, Dallas, TX 75225-5403TX1983-12$85,628
16J J Baughman Meth Ch Tr 10170135bn6PO BOX 185, Pittsburgh, PA 15230-0185PA1970-12$83,664
17University Methodist Church Foundation Inc2409 Guadalupe St, Austin, TX 78705-4808TX1964-09$73,159
18William And Josephine Roe Scholarship FundPO BOX 609, Pittsburgh, PA 15230-0609PA1991-08$71,596
19Zion Lutheran Church Of Duluth Foundation2431 W 3rd St, Duluth, MN 55806-1937MN1985-06$59,167
20Spokane Outreach CenterPo Box 1556, Spokane Valley, WA 99037WA1998-05$54,769
Number of organizations performing similar types of work
Alabama3
Arkansas1
Arizona3
California10
Colorado4
Florida1
Georgia5
Iowa5
Illinois4
Indiana5
Kansas3
Louisiana1
Massachusetts5
Maryland1
Michigan4
Minnesota2
Missouri3
Mississippi1
Montana1
North Carolina6
Nebraska1
New Jersey1
New Mexico1
New York11
Ohio7
Oklahoma2
Oregon1
Pennsylvania6
Rhode Island2
South Carolina2
Tennessee1
Texas14
Washington1
Wisconsin4
West Virginia1
Total123

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