Civic Intelligence

Hollywood Prayer Network Inc.

990EZ • Fiscal year 2014 • EIN 26-4803469

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

1760 N Gower StreetHollywood, CA 90028

(323) 462-8486

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.05x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$52,190

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 27.8% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

35th percentile

-5.3%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2014

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2014

Assets

Down

$52,210

Down $9,286 (-15%) from 2011

Net Assets

Up

$49,728

Up $8,974 (+22%) from 2011

Liabilities

Down

$2,482

Down $18,260 (-88%) from 2011

Revenue

Up

$187,873

Up $53,604 (+40%) from 2011

Expenses

Up

$148,145

Up $21,863 (+17%) from 2011

Net Income

Up

$39,728

Up $31,741 (+397%) from 2011

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $61,496Liabilities 2011: $20,742Net Assets 2011: $40,7542011Assets 2014: $52,210Liabilities 2014: $2,482Net Assets 2014: $49,7282014Assets 2015: $59,799Liabilities 2015: $1,807Net Assets 2015: $57,9922015Assets 2016: $57,073Liabilities 2016: $3,018Net Assets 2016: $54,0552016Assets 2017: $114,589Liabilities 2017: $2,324Net Assets 2017: $112,2652017Assets 2018: $140,737Liabilities 2018: $3,781Net Assets 2018: $136,9562018Assets 2019: $139,412Liabilities 2019: $2,728Net Assets 2019: $136,6842019Assets 2020: $178,619Liabilities 2020: $27,759Net Assets 2020: $150,8602020Assets 2021: $147,437Liabilities 2021: $15,151Net Assets 2021: $132,2862021Assets 2022: $1,707,762Liabilities 2022: $5,745Net Assets 2022: $1,702,0172022Assets 2023: $1,791,246Liabilities 2023: $2,687Net Assets 2023: $1,788,5592023Assets 2024: $1,869,137Liabilities 2024: $2,011Net Assets 2024: $1,867,1262024Assets 2025: $1,745,494Liabilities 2025: $1,646Net Assets 2025: $1,743,8482025

Highlighted filing

2014

Assets$52,210
Liabilities$2,482
Net Assets$49,728

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $134,269Expenses 2011: $126,282Net Income 2011: $7,9872011Revenue 2014: $187,873Expenses 2014: $148,145Net Income 2014: $39,7282014Revenue 2015: $132,053Expenses 2015: $123,789Net Income 2015: $8,2642015Revenue 2016: $145,655Expenses 2016: $149,592Net Income 2016: -$3,9372016Revenue 2017: $194,915Expenses 2017: $136,705Net Income 2017: $58,2102017Revenue 2018: $214,111Expenses 2018: $189,420Net Income 2018: $24,6912018Revenue 2019: $183,380Expenses 2019: $183,652Net Income 2019: -$2722019Revenue 2020: $195,596Expenses 2020: $181,420Net Income 2020: $14,1762020Revenue 2021: $251,778Expenses 2021: $270,135Net Income 2021: -$18,3572021Revenue 2022: $1,834,367Expenses 2022: $264,013Net Income 2022: $1,570,3542022Revenue 2023: $346,926Expenses 2023: $366,635Net Income 2023: -$19,7092023Revenue 2024: $404,268Expenses 2024: $440,323Net Income 2024: -$36,0552024Revenue 2025: $324,604Expenses 2025: $546,679Net Income 2025: -$222,0752025

Highlighted filing

2014

Revenue$187,873
Expenses$148,145
Net Income$39,728
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$187,873
Mission and Program Overview

Mission

supporting and praying for the people, the projects, and the powerful influence of the entertainment industry.

Program Services

DescriptionGrantsExpenses
TO ENCOURAGE, MOBILIZE, AND BUILD A MOVEMENT OF PRAYER THROUGH THE INTERNATIONAL CHURCH, IN ORDER TO INVITE GOD TO DO MIRACULOUS WORK IN THE HOLLYWOOD AND GLOBAL ENTERTAINMENT INDUSTRY, THROUGH TOUCHING THE HEARTS OF CHRISTIANS IN MEDIA, THE PEOPLE WHO DO NOT YET KNOW HIM, AND THE AUDIENCE OF THE WORLD.$59,887$500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAREN COVELLPresidentFT$52,190-$52,190
KATHLEEN COOKESecretary-$0--
KAREN LEONARDTreasurer-$0--
DOUG MILLHAMChairman-$0--
JIM LEONARDDirector-$0--
PHIL COOKEDirector-$0--
RICK BEEDirector-$0--
BEAU WIRICKDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hollywood Prayer Network Inc
EIN
26-4803469
Phone
3234628486
Address
1760 N GOWER STREET, HOLLYWOOD, CA 90028

Signing Officer

Name
Karen Covell
Title
President
Signed
2015-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Rice & Company CPAs Inc
Address
30270 Rancho Viejo Rd Ste B, San Juan Capistrano, CA 92675
Preparer
Teri B Rice
Phone
9494892875
Supplemental Narrative

Additional Explanations

Other Revenue.1

Div inc from ins alliance $100

Other Expenses.1001

Advertising and Promotion $264

Other Expenses.1005

Travel $2339

Other Expenses.1007

Conferences, Conventions, and Meetings $14161

Other Expenses.1009

Depreciation $7292

Other Expenses.1012

Insurance $2467

Other Expenses.1

Equipment under $250 $4382

Other Expenses.2

Meals & Entertainment $2894

Other Expenses.3

Supplies $2759

Other Expenses.4

Telephone $2757

Other Expenses.6

Computer Assistance $1637

Other Expenses.7

Program Materials $884

Other Expenses.8

Books/Subscriptions/Reference $850

Other Expenses.10

Equipment Rental & Maintenance $549

Other Expenses.11

Other Expenses $463

Other Expenses.12

Staff Development $300

Other Expenses.13

Bank Charges $235

Other Expenses.14

Dues & Subscriptions $112

Other Expenses.15

Tax - Refunds $-839

Other Assets.1003

Machinery and Equipment - Beginning $13305 Machinery and Equipment - Ending $6342

Other Assets.1005

Accounts Receivable - Beginning $7034 Accounts Receivable - Ending $355

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $3483 Prepaid Expenses and Deferred Charges - Ending $4006

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $3717 Accounts Payable and Accrued Expenses - Ending $2482

Total Liabilities.1003

Deferred Revenue - Beginning $59685 Deferred Revenue - Ending $0

Raw XML Appendix216 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIV INC FROM INS ALLIANCE $100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $264
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $2339
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, Conventions, and Meetings $14161
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation $7292
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $2467
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Equipment under $250 $4382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Meals & Entertainment $2894
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Supplies $2759
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN COVELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOLLYWOOD PRAYER NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0HOLL
ReturnHeader/Filer/EIN0264803469
ReturnHeader/Filer/PhoneNum03234628486
ReturnHeader/Filer/USAddress/AddressLine1Txt01760 N GOWER STREET
ReturnHeader/Filer/USAddress/CityNm0HOLLYWOOD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090028
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rice & Company CPAs Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030270 Rancho Viejo Rd Ste B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Juan Capistrano
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092675
ReturnHeader/PreparerPersonGrp/PhoneNum09494892875
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Teri B Rice
ReturnHeader/ReturnTs02015-11-16T09:42:35-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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