Civic Intelligence

Hollywood Prayer Network Inc.

990EZ • Fiscal year 2016 • EIN 26-4803469

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

34th percentile

-2.7%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$52,120

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 35.8% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

36th percentile

-4.6%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$57,073

Down $2,726 (-4.6%) from 2015

Net Assets

Down

$54,055

Down $3,937 (-6.8%) from 2015

Liabilities

Up

$3,018

Up $1,211 (+67%) from 2015

Revenue

Up

$145,655

Up $13,602 (+10%) from 2015

Expenses

Up

$149,592

Up $25,803 (+21%) from 2015

Net Income

Down

-$3,937

Down $12,201 (-148%) from 2015

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

2016

Assets$57,073
Liabilities$3,018
Net Assets$54,055

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

2016

Revenue$145,655
Expenses$149,592
Net Income-$3,937
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$145,655
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.$61,028-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAREN COVELLPresidentFT$52,120-$52,120
KATHLEEN COOKESecretary-$0--
KAREN LEONARDTreasurer-$0--
DOUG MILLHAMChairman-$0--
JIM LEONARDDirector-$0--
PHIL COOKEDirector-$0--
RICK BEEDirector-$0--
BEAU WIRICKDirector-$0--
RYAN BETHEADirector-$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
2017-11-15
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 Expenses.1001

Advertising and Promotion $285

Other Expenses.1002

Office Expenses $657

Other Expenses.1005

Travel $13475

Other Expenses.1007

Conferences, Conventions, and Meetings $3600

Other Expenses.1009

Depreciation $2691

Other Expenses.1012

Insurance $2879

Other Expenses.1

Meals & Entertainment $9298

Other Expenses.2

Telephone $3013

Other Expenses.3

Program Materials $1747

Other Expenses.4

Supplies $1368

Other Expenses.6

Equipment under $250 $946

Other Expenses.7

Computer Assistance $900

Other Expenses.9

Bank Charges $724

Other Expenses.10

Books/Subscriptions/Reference $434

Other Expenses.11

Staff Development $137

Other Expenses.12

Equipment Rental & Maintenance $105

Other Expenses.13

Fines, Penalties, Judgements $50

Other Expenses.14

Taxes & Fees $20

Other Assets.1003

Machinery and Equipment - Beginning $2895 Machinery and Equipment - Ending $5821

Other Assets.1005

Accounts Receivable - Beginning $298 Accounts Receivable - Ending $0

Other Assets.1006

Pledges and Grants Receivable - Beginning $5000 Pledges and Grants Receivable - Ending $0

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $4106 Prepaid Expenses and Deferred Charges - Ending $4185

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $1807 Accounts Payable and Accrued Expenses - Ending $3018

Raw XML Appendix217 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/ExplanationTxt4Depreciation $2691
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN COVELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
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
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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/ReturnTs02017-11-15T12:24:22-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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