Civic Intelligence

Praxis Inc.

990 • Fiscal year 2024 • EIN 45-0967206

Oct 01, 2023 to Sep 30, 2024 • Filed on Aug 12, 2025

Organization Profilewww.praxis.co

View Organization Page

409 W 45th Street 3rd FloorNew York, NY 10036

(310) 357-1523

Siviq Scores

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

Liabilities / Assets

66th percentile

0.16x

Higher debt load relative to assets than 66% of similar nonprofits.

2024 filings • NTEE X • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2024 filings • NTEE X • $5M-$10M nonprofits • Source year 2024

Net Margin

53rd percentile

11%

Higher net margin than 53% of similar nonprofits.

2024 filings • NTEE X • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$448,791

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2024 filings • NTEE X • $5M-$10M nonprofits • Source year 2024

Asset Growth

73rd percentile

19%

Faster asset growth than 73% of similar nonprofits.

2024 filings • NTEE X • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

74th percentile

24%

Faster revenue growth than 74% of similar nonprofits.

2024 filings • NTEE X • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$5,407,472

Up $858,321 (+19%) from 2023

Net Assets

Up

$4,516,424

Up $941,619 (+26%) from 2023

Liabilities

Down

$891,048

Down $83,298 (-8.5%) from 2023

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin53rd percentile

Revenue

Up

$8,549,565

Up $1,651,516 (+24%) from 2023

Expenses

Up

$7,626,800

Up $1,157,690 (+18%) from 2023

Net Income

Up

$922,765

Up $493,826 (+115%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $262,931Liabilities 2011: $4,008Net Assets 2011: $258,9232011Assets 2012: $315,976Liabilities 2012: $5,148Net Assets 2012: $310,8282012Assets 2013: $326,739Liabilities 2013: $6,646Net Assets 2013: $320,0932013Assets 2014: $398,407Liabilities 2014: $39,628Net Assets 2014: $358,7792014Assets 2015: $288,779Liabilities 2015: $130,636Net Assets 2015: $158,1432015Assets 2016: $256,603Liabilities 2016: $13,805Net Assets 2016: $242,7982016Assets 2017: $443,221Liabilities 2017: $202,295Net Assets 2017: $240,9262017Assets 2018: $783,343Liabilities 2018: $224,659Net Assets 2018: $558,6842018Assets 2019: $1,375,045Liabilities 2019: $307,458Net Assets 2019: $1,067,5872019Assets 2020: $2,196,618Liabilities 2020: $436,961Net Assets 2020: $1,759,6572020Assets 2021: $3,068,328Liabilities 2021: $196,377Net Assets 2021: $2,871,9512021Assets 2022: $3,579,268Liabilities 2022: $433,404Net Assets 2022: $3,145,8642022Assets 2023: $4,549,151Liabilities 2023: $974,346Net Assets 2023: $3,574,8052023Assets 2024: $5,407,472Liabilities 2024: $891,048Net Assets 2024: $4,516,4242024

Highlighted filing

2024

Assets$5,407,472
Liabilities$891,048
Net Assets$4,516,424
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $367,348Expenses 2011: $108,425Net Income 2011: $258,9232011Expenses 2012: $484,6212012Expenses 2013: $585,6042013Revenue 2014: $907,836Expenses 2014: $869,150Net Income 2014: $38,6862014Revenue 2015: $1,054,243Expenses 2015: $1,254,879Net Income 2015: -$200,6362015Revenue 2016: $1,792,228Expenses 2016: $1,707,573Net Income 2016: $84,6552016Revenue 2017: $2,545,155Expenses 2017: $2,451,142Net Income 2017: $94,0132017Revenue 2018: $3,169,856Expenses 2018: $2,852,098Net Income 2018: $317,7582018Revenue 2019: $4,112,118Expenses 2019: $3,582,165Net Income 2019: $529,9532019Revenue 2020: $3,839,905Expenses 2020: $3,147,835Net Income 2020: $692,0702020Revenue 2021: $4,191,471Expenses 2021: $3,079,177Net Income 2021: $1,112,2942021Revenue 2022: $5,600,439Expenses 2022: $5,326,526Net Income 2022: $273,9132022Revenue 2023: $6,898,049Expenses 2023: $6,469,110Net Income 2023: $428,9392023Revenue 2024: $8,549,565Expenses 2024: $7,626,800Net Income 2024: $922,7652024

Highlighted filing

2024

Revenue$8,549,565
Expenses$7,626,800
Net Income$922,765
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$8,549,565
Mission and Program Overview

Mission

The mission of the Organization is to provide Praxis Fellows with the knowledge and network needed to develop high-impact organizations, all within an environment that allows for an exploration of how to embody the Gospel within their work.

Praxis is a venture-building ecosystem with a redemptive imagination, supporting founders, funders, and innovators motivated by their faith to address the major issues of our time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,465,092$4,226,689▲ $761,597
Savings and Temporary Cash Investments$300,543$360,708▲ $60,165
Prepaid Expenses and Deferred Charges$180,654$269,107▲ $88,453
Investments in Publicly Traded Securities$57,517$133,919▲ $76,402
Land, Buildings, and Equipment, Net$25,838$38,601▲ $12,763
Accounts Receivable$30,236$14,500▼ $15,736
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$4,549,151$5,407,472▲ $858,321
Other Assets Total$489,271$363,948▼ $125,323
Liabilities
Other Liabilities$496,021$372,949▼ $123,072
Deferred Revenue$412,352$355,750▼ $56,602
Accounts Payable and Accrued Expenses$65,973$162,349▲ $96,376
Total Liabilities$974,346$891,048▼ $83,298
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,274,805$2,581,424▼ $693,381
Net Assets With Donor Restrictions$300,000$1,935,000▲ $1,635,000
Total Net Assets Fund Balance$3,574,805$4,516,424▲ $941,619
Total Liabilities and Net Assets / Fund Balance$4,549,151$5,407,472▲ $858,321

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,215$81,882$100,097
Equipment$20,386$38,514$58,900
Leasehold Improvements$0$18,775$18,775
Other Assets Org$363,948--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David BlanchardCo-Founder & PresidentFT$268,200$180,591$448,791
Sajan GeorgeManaging PartnerFT$233,750$70,280$304,030
Scott KauffmannPartner, ContentFT$195,625$56,114$251,739
Mel Murray IIPartner, GlobalFT$159,925$65,101$225,026
Ben BohannonPartner, Business PortfolioFT$148,126$66,956$215,082
Jon MooreHartPartner, LabsFT$143,200$49,251$192,451
Andrew CrouchPartner, Theology & CultureFT$151,192$41,053$192,245

Board Members and Trustees

NameTitle
Kurt KeilhackerBoard Chair
April ChapmanDirector
Debra McCoyDirector
Mark SearsDirector
Steve GravesSecretary
Mike BontragerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Base HQ IncBack Office Support Services6650 Rivers Ave, Suite 105 PMB 34886, North Charleston, SC 29406$104,577
Revenue and Support

Revenue Composition

Contributions and Grants
$7,438,227
Program Service Revenue
$1,075,822
Investment Income
$7,291
Other Revenue
$28,225
All Other Contributions
$7,438,227
Change in Net Assets
$922,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,546,494
Revenue Not Reported on Financial Statements
$3,071
Revenue Not Reported on Form 990
$18,854
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$8,565,348
Total Revenue per Form 990
$8,549,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,746,216
Other Expenses$3,168,655
Grants and Similar Amounts Paid$711,929
Total Fundraising Expense$90,238
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,770,900$314,334-$2,085,234
Travel$1,659,333$60,171$49,815$1,769,319
Current Officers, Directors, Trustees, and Key Employees$725,138$36,884-$762,022
Grants to Domestic Orgs$661,929--$661,929
Other Employee Benefits$565,364$4,042-$569,406
Office Expenses$488,999$6,231$11,613$506,843
Fees for Services Other$278,064$159,656$2,225$439,945
Payroll Taxes$202,220$5,460-$207,680
Occupancy$10,913$166,474-$177,387
All Other Expenses$68,920$30,954$26,329$126,203
Pension Plan Contributions$115,174--$115,174
Fees for Services Accounting-$73,229-$73,229
Foreign Grants$50,000--$50,000
Other Expenses$31,150--$31,150
Information Technology$16,876-$256$17,132
Depreciation Depletion-$11,286-$11,286
Insurance$3,719$6,871-$10,590
Comp Disqual Persons$6,700--$6,700
Fees for Service Investment Mgmnt Fees-$3,071-$3,071
Fees for Services Legal-$2,500-$2,500
Total Functional Expenses$6,655,399$881,163$90,238$7,626,800

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,626,800
Expenses per Audited Statements$7,623,729
Total Expenses per Audited Statements$7,623,729
Expenses Not Reported on Financial Statements$3,071
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Impact foundationNew York, NY501(c)(3)Charitable capital for mission-driven impact investments$99,929
ArrabonRichmond, VA501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
AsOne MinistriesSioux Falls, SD501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Design Outreach IncGahanna, OH501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Forgotten Initiative IncBloomington, IL501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Greenline Housing FoundationSierra Madre, CA501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Hildegard CollegeCosta Mesa, CA501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Order of the Common LifeColumbus, OH501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Scholars of FinanceMenlo Park, CA501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
SettledSaint Paul, MN501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
The Edward E Haddock Jr Family Operating FoundationOrlando, FL501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
Thrive Funds IncIndianapolis, IN501(c)(3)Nonprofit Fellow Acclerator Grant$50,000
CharityVestAtlanta, GA501(c)(3)Nonprofit Fellow Acclerator Grant$12,000

International Summary

Offices
0
Employees
0
Spending
$50,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmaking-00$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating lease liability$372,949
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

“The organization does not have any committees with authority to act on behalf of the governing body. Therefore, this question was answered "no" in accordance with the instructions.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the President. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Officers and board members sign annual conflict of interest statements which are reviewed by the President. The President's statement is reviewed by the Board Chair. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“The President's compensation is approved by the board at the executive session and comparable data is used. The President is not included in the discussion of compensation. The deliberation and decision are recorded in the board minutes.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“The President sets the annual salary of the Managing Partner. Comparability data is used and the deliberation and decision are recorded in the board minutes.”

Form 990, Part VI, Line 19 Required documents available to the public

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

“Misc revenue - Total Revenue: 28225, Related or Exempt Function Revenue: 28225, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

Filing and Contact Details

Filer

Filer Name
Praxis Inc
EIN
45-0967206
Phone
3103571523
Address
409 W 45th Street 3rd Floor, New York, NY 10036

Signing Officer

Name
David Blanchard
Title
Co-Founder & President
Phone
3103571523
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
19
Volunteers
31

Preparer

Firm
CRI Capin Crouse Advisors LLC
Address
345 Massachusetts Ave Suite 300, Indianapolis, IN 46204
Preparer
Sara Tibbott
Phone
5055022746
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

“(Expenses $ 662,268 including grants of $)(Revenue $ 28,225) Enduring Organization - The mission of the enduring organization is to create and manage a world-class redemptive non-profit organization with a mission-embodying organizational culture andfinancial health. We build systems, structures, internal operations, and an economic engine that keeps up with the growth of the rest of the organization.”

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IRS990/Form990PartVIISectionAGrp/PersonNm7Sajan George
IRS990/Form990PartVIISectionAGrp/PersonNm8Andrew Crouch
IRS990/Form990PartVIISectionAGrp/PersonNm9Ben Bohannon
IRS990/Form990PartVIISectionAGrp/PersonNm10Jon MooreHart
IRS990/Form990PartVIISectionAGrp/PersonNm11Mel Murray II
IRS990/Form990PartVIISectionAGrp/PersonNm12Scott Kauffmann
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Partner, Business Portfolio
IRS990/Form990PartVIISectionAGrp/TitleTxt10Partner, Labs
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IRS990/MissionDesc0Praxis is a venture building ecosystem advancing redemptive entrepreneurship, supporting founders, funders, and innovators motivated by their faith to address the major issues of our time.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Content for Redemptive Imagination - Our content for redemptive imagination is intended to be a primary prophetic resource for entrepreneurial Christians, shaping the formative and imaginative agenda as they consider what and how they should build in the world. We do this through research & content, program offerings, and partnerships throughout our growing ecosystem.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Praxis Summit - We gather as a community for the Praxis Summit-to learn together, celebrate one another's faithful work, and collaborate around new opportunities for redemptive innovation across cities, sectors, and social challenges.
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Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,407,472
Liabilities
$891,048
Net assets
$4,516,424
Revenue
$8,549,565
Expenses
$7,626,800
Net income
$922,765
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.41$0.89$4.52$8.55$7.63$0.92
2023Summary only. Only limited summary data is available for this year.$4.55$0.97$3.57$6.90$6.47$0.43
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.43$3.15$5.60$5.33$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.20$2.87$4.19$3.08$1.11
2020Summary only. Only limited summary data is available for this year.$2.20$0.44$1.76$3.84$3.15$0.69
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.31$1.07$4.11$3.58$0.53
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.22$0.56$3.17$2.85$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.20$0.24$2.55$2.45$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.24$1.79$1.71$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.13$0.16$1.05$1.25$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.04$0.36$0.91$0.87$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.32$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.01$0.31$0.48
2011Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.37$0.11$0.26
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $5M-$10M nonprofits