Civic Intelligence

40 Day Prayer Covenant Inc

990 • Fiscal year 2016 • EIN 46-1517204

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 11, 2017

PO Box 40841Cincinnati, OH 45240

(513) 237-0088

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

38th percentile

-1.2%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

87th percentile

$32,157

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

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

Asset Growth

9th percentile

-48%

Faster asset growth than 9% of similar nonprofits.

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

Revenue Growth

85th percentile

45%

Faster revenue growth than 85% of similar nonprofits.

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

Assets

Down

$12,572

Down $11,784 (-48%) from 2015

Net Assets

Down

$12,572

Down $3,782 (-23%) from 2015

Liabilities

Down

$0

Down $8,002 (-100%) from 2015

Revenue

Up

$281,027

Up $87,266 (+45%) from 2015

Expenses

Up

$284,495

Up $90,953 (+47%) from 2015

Net Income

Down

-$3,468

Down $3,687 (-1684%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $24,467Liabilities 2013: $351Net Assets 2013: $24,1162013Assets 2014: $7,819Net Assets 2014: $7,8192014Assets 2015: $24,356Liabilities 2015: $8,002Net Assets 2015: $16,3542015Assets 2016: $12,572Liabilities 2016: $0Net Assets 2016: $12,5722016Assets 2017: $211,637Liabilities 2017: $0Net Assets 2017: $211,6372017Assets 2018: $378,342Liabilities 2018: $12,036Net Assets 2018: $366,3062018Assets 2019: $567,128Liabilities 2019: $11,853Net Assets 2019: $555,2752019Assets 2020: $433,338Liabilities 2020: $159Net Assets 2020: $433,1792020Assets 2021: $476,180Liabilities 2021: $21,646Net Assets 2021: $454,5342021Assets 2022: $82,037Liabilities 2022: $18,670Net Assets 2022: $63,3672022Assets 2023: $51,961Liabilities 2023: $1,993Net Assets 2023: $49,9682023Assets 2024: $105,348Liabilities 2024: $1,504Net Assets 2024: $103,8442024

Highlighted filing

2016

Assets$12,572
Liabilities$0
Net Assets$12,572

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $97,531Expenses 2013: $73,415Net Income 2013: $24,1162013Revenue 2014: $153,304Expenses 2014: $169,601Net Income 2014: -$16,2972014Revenue 2015: $193,761Expenses 2015: $193,542Net Income 2015: $2192015Revenue 2016: $281,027Expenses 2016: $284,495Net Income 2016: -$3,4682016Revenue 2017: $491,044Expenses 2017: $309,042Net Income 2017: $182,0022017Revenue 2018: $974,347Expenses 2018: $819,678Net Income 2018: $154,6692018Revenue 2019: $710,572Expenses 2019: $521,603Net Income 2019: $188,9692019Revenue 2020: $370,755Expenses 2020: $492,851Net Income 2020: -$122,0962020Revenue 2021: $718,408Expenses 2021: $697,053Net Income 2021: $21,3552021Revenue 2022: $272,235Expenses 2022: $663,402Net Income 2022: -$391,1672022Revenue 2023: $163,188Expenses 2023: $176,587Net Income 2023: -$13,3992023Revenue 2024: $206,784Expenses 2024: $152,908Net Income 2024: $53,8762024

Highlighted filing

2016

Revenue$281,027
Expenses$284,495
Net Income-$3,468
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 11, 2017
Return Version
2016v3.0
Gross Receipts
$281,027
Mission and Program Overview

Mission

The "40 day prayer covenant" is a covenant or agreement that an individual personally makes with the lord to change his or her prayer practice by spending at least 40 days in devotional prayer with the lord to establish a habit of habitual prayer. Our belief is that it takes 40 days to change or develop a habit and changing prayer habits is like changing other habits. To meet its purpose, 40 day prayer covenant will concentrate in four particular areas: 1) prayer training resource development; 2) an easily accessible website that offers instruction, encouragement and prayer time charting, and social media wherein other prayer warriors can be contacted for information and encouragement; 3) marketing and distribution; and 4) prayer partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,040$12,572▼ $3,468
Inventories for Sale or Use$8,316--
Total Assets$24,356$12,572▼ $11,784
Liabilities
Accounts Payable and Accrued Expenses$8,002--
Total Liabilities$8,002$0▼ $8,002
Net Assets / Fund Balance
Unrestricted Net Assets$16,354$12,572▼ $3,782
Total Net Assets Fund Balance$16,354$12,572▼ $3,782
Total Liabilities and Net Assets / Fund Balance$24,356$12,572▼ $11,784
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jerry KirkVice ChairmaFT$32,157$32,157
Rick SchatzSecretary&trPT$8,757$8,757

Board Members and Trustees

NameTitle
Adam SmithChairman
Candy MarballiTrustee
Vik MarballiTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$217,903
Program Service Revenue
$52,577
Investment Income
$0
Other Revenue
$10,547
All Other Contributions
$210,903
Change in Net Assets
$-3,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,130
Salaries, Compensation, and Employee Benefits$98,365
Total Fundraising Expense$38,946
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$62,009$8,906$13,108$84,023
Office Expenses$17,447$655$654$18,756
Payroll Taxes$10,585$1,520$2,237$14,342
Information Technology$5,565$222$1,047$6,834
All Other Expenses$6,221-$612$6,833
Travel$2,891-$2,890$5,781
Other Expenses$5,054-$100$5,154
Fees for Services Other$1,550$2,442-$3,992
Occupancy$1,052$1,052$1,052$3,156
Conferences and Meetings$1,206--$1,206
Insurance-$885-$885
Royalties$482--$482
Total Functional Expenses$229,867$15,682$38,946$284,495
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Vik marbali candy marbali trustee trustee spouses

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 15B

The compensation is approved by the board in conjunction with the annual budge

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
40 Day Prayer Covenant Inc
EIN
46-1517204
Phone
5132370088
Address
PO BOX 40841, CINCINNATI, OH 45240

Signing Officer

Name
Rick Schatz
Title
Secretary&treasurer
Phone
5132370088
Signed
2017-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Schatz
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
2
Employees
4

Preparer

Firm
Scrogginsgrear Inc
Address
200 NORTHLAND BLVD, CINCINNATI, OH 45246
Preparer
William a Noe
Phone
5137717070
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The "40 day prayer covenant" is a covenant or agreement that an individual personally makes with the lord to change his or her prayer practice by spending at least 40 days in devotional prayer with the lord to establish a habit of habitual prayer. Our belief is that it takes 40 days to change or develop a habit and changing prayer habits is like changing other habits. To meet its purpose, 40 day prayer covenant will concentrate in four particular areas: 1) prayer training resource development; 2) an easily accessible website that offers instruction, encouragement and prayer time charting, and social media wherein other prayer warriors can be contacted for information and encouragement; 3) marketing and distribution; and 4) prayer partnerships.

Form 990, Page 2, Part III, Line 4D

Tpc continues to build relationships with local churches, denominations and other organizations, encouraging them to use tpc resources and training.

Form 990, Part XI, Line 9

INVENTORY DECREASE -314

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IRS990/MissionDesc0THE "40 DAY PRAYER COVENANT" IS A COVENANT OR AGREEMENT THAT AN INDIVIDUAL PERSONALLY MAKES WITH THE LORD TO CHANGE HIS OR HER PRAYER PRACTICE BY SPENDING AT LEAST 40 DAYS IN DEVOTIONAL PRAYER WITH THE LORD TO ESTABLISH A HABIT OF HABITUAL PRAYER. OUR BELIEF IS THAT IT TAKES 40 DAYS TO CHANGE OR DEVELOP A HABIT AND CHANGING PRAYER HABITS IS LIKE CHANGING OTHER HABITS. TO MEET ITS PURPOSE, 40 DAY PRAYER COVENANT WILL CONCENTRATE IN FOUR PARTICULAR AREAS: 1) PRAYER TRAINING RESOURCE DEVELOPMENT; 2) AN EASILY ACCESSIBLE WEBSITE THAT OFFERS INSTRUCTION, ENCOURAGEMENT AND PRAYER TIME CHARTING, AND SOCIAL MEDIA WHEREIN OTHER PRAYER WARRIORS CAN BE CONTACTED FOR INFORMATION AND ENCOURAGEMENT; 3) MARKETING AND DISTRIBUTION; AND 4) PRAYER PARTNERSHIPS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PARTNERSHIPS: ESTABLISHED US-BASED PARTNERSHIPS WITH THE INTERNATIONAL PENTECOSTAL HOLINESS CHURCH AND THE ASSEMBLIES OF GOD. INITIATED CONTACT WITH 16 MORE DENOMINATIONS AND ORGANIZATIONS IN THE US. ESTABLISHED AND LAUNCHED PARTNERSHIPS IN UGANDA, BURKINA FASO, INDIA, PAKISTAN AND KENYA.
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE "40 DAY PRAYER COVENANT" IS A COVENANT OR AGREEMENT THAT AN INDIVIDUAL PERSONALLY MAKES WITH THE LORD TO CHANGE HIS OR HER PRAYER PRACTICE BY SPENDING AT LEAST 40 DAYS IN DEVOTIONAL PRAYER WITH THE LORD TO ESTABLISH A HABIT OF HABITUAL PRAYER. OUR BELIEF IS THAT IT TAKES 40 DAYS TO CHANGE OR DEVELOP A HABIT AND CHANGING PRAYER HABITS IS LIKE CHANGING OTHER HABITS. TO MEET ITS PURPOSE, 40 DAY PRAYER COVENANT WILL CONCENTRATE IN FOUR PARTICULAR AREAS: 1) PRAYER TRAINING RESOURCE DEVELOPMENT; 2) AN EASILY ACCESSIBLE WEBSITE THAT OFFERS INSTRUCTION, ENCOURAGEMENT AND PRAYER TIME CHARTING, AND SOCIAL MEDIA WHEREIN OTHER PRAYER WARRIORS CAN BE CONTACTED FOR INFORMATION AND ENCOURAGEMENT; 3) MARKETING AND DISTRIBUTION; AND 4) PRAYER PARTNERSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TPC CONTINUES TO BUILD RELATIONSHIPS WITH LOCAL CHURCHES, DENOMINATIONS AND OTHER ORGANIZATIONS, ENCOURAGING THEM TO USE TPC RESOURCES AND TRAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VIK MARBALI CANDY MARBALI TRUSTEE TRUSTEE SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION IS APPROVED BY THE BOARD IN CONJUNCTION WITH THE ANNUAL BUDGE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INVENTORY DECREASE -314
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt038946
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015682
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0229867
IRS990/TotalFunctionalExpensesGrp/TotalAmt0284495
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08002
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt08002
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016354
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012572
IRS990/TotalOtherProgSrvcExpenseAmt016820
IRS990/TotalProgramServiceExpensesAmt0220746
IRS990/TotalProgramServiceRevenueAmt052577
IRS990/TotalReportableCompFromOrgAmt040914
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt063124
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281027
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt024356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012572
IRS990/TravelGrp/FundraisingAmt02890
IRS990/TravelGrp/ProgramServicesAmt02891
IRS990/TravelGrp/TotalAmt05781
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016354
IRS990/UnrestrictedNetAssetsGrp/EOYAmt012572
IRS990/USAddress/AddressLine1Txt07265 HOLLYWOOD DRIVE
IRS990/USAddress/CityNm0WEST CHESTER
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd045069
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTP://THEPRAYERCOVENANT.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK SCHATZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY&TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05132370088
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt040 DAY PRAYER COVENANT INC
ReturnHeader/Filer/BusinessNameControlTxt040DA
ReturnHeader/Filer/EIN0461517204
ReturnHeader/Filer/PhoneNum05132370088
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 40841
ReturnHeader/Filer/USAddress/CityNm0CINCINNATI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045240
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E349EC0304671C3CDBF83A53A0416A14A5FFF834
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A46B82E1F9CD6446228EB394C5AB595EF3FC343D
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0310795487
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCROGGINSGREAR INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 NORTHLAND BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CINCINNATI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045246
ReturnHeader/PreparerPersonGrp/PhoneNum05137717070
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM A NOE
ReturnHeader/ReturnTs02017-11-13T13:51:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.02$1.04$2.07$1.53$0.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.02$0.50$1.63$1.77$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.19$0.63$2.72$6.63$3.91
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.22$4.55$7.18$6.97$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$0.00$4.33$3.71$4.93$1.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.67$0.12$5.55$7.11$5.22$1.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$0.12$3.66$9.74$8.20$1.55
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.00$2.12$4.91$3.09$1.82
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$2.81$2.84$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.08$0.16$1.94$1.94$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.08$1.53$1.70$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.98$0.73$0.24