Civic Intelligence

The Praise Network Inc

990 • Fiscal year 2019 • EIN 47-0716006

Jun 01, 2018 to May 31, 2019 • Filed on Jul 31, 2019

128 S 4th StOneill, NE 68763

(402) 336-1230

Siviq Scores

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

Liabilities / Assets

48th percentile

0.07x

Higher debt load relative to assets than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.05x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

42nd percentile

0.6%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$77,300

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

35th percentile

-1.0%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

2.8%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$756,070

Down $7,684 (-1.0%) from 2018

Net Assets

Up

$701,374

Up $6,652 (+1.0%) from 2018

Liabilities

Down

$54,696

Down $14,336 (-21%) from 2018

Revenue

Up

$1,164,805

Up $31,462 (+2.8%) from 2018

Expenses

Up

$1,158,153

Up $70,466 (+6.5%) from 2018

Net Income

Down

$6,652

Down $39,004 (-85%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $833,351Liabilities 2011: $455,852Net Assets 2011: $377,4992011Assets 2012: $834,073Liabilities 2012: $389,792Net Assets 2012: $444,2812012Assets 2013: $738,999Liabilities 2013: $285,694Net Assets 2013: $453,3052013Assets 2014: $729,416Liabilities 2014: $201,377Net Assets 2014: $528,0392014Assets 2015: $757,554Liabilities 2015: $191,094Net Assets 2015: $566,4602015Assets 2016: $731,848Liabilities 2016: $109,021Net Assets 2016: $622,8272016Assets 2017: $712,259Liabilities 2017: $63,193Net Assets 2017: $649,0662017Assets 2018: $763,754Liabilities 2018: $69,032Net Assets 2018: $694,7222018Assets 2019: $756,070Liabilities 2019: $54,696Net Assets 2019: $701,3742019Assets 2020: $629,235Liabilities 2020: $48,694Net Assets 2020: $580,5412020Assets 2022: $618,817Liabilities 2022: $65,260Net Assets 2022: $553,5572022Assets 2023: $1,016,402Liabilities 2023: $150,289Net Assets 2023: $866,1132023Assets 2025: $919,418Liabilities 2025: $175,100Net Assets 2025: $744,3182025

Highlighted filing

2019

Assets$756,070
Liabilities$54,696
Net Assets$701,374

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,032,1572011Expenses 2012: $1,028,5592012Expenses 2013: $1,135,9152013Revenue 2014: $1,196,631Expenses 2014: $1,121,897Net Income 2014: $74,7342014Revenue 2015: $1,161,333Expenses 2015: $1,122,912Net Income 2015: $38,4212015Revenue 2016: $1,195,173Expenses 2016: $1,138,806Net Income 2016: $56,3672016Revenue 2017: $1,189,222Expenses 2017: $1,162,983Net Income 2017: $26,2392017Revenue 2018: $1,133,343Expenses 2018: $1,087,687Net Income 2018: $45,6562018Revenue 2019: $1,164,805Expenses 2019: $1,158,153Net Income 2019: $6,6522019Revenue 2020: $1,177,746Expenses 2020: $1,298,579Net Income 2020: -$120,8332020Revenue 2022: $1,147,952Expenses 2022: $1,173,677Net Income 2022: -$25,7252022Revenue 2023: $1,305,974Expenses 2023: $1,209,146Net Income 2023: $96,8282023Revenue 2025: $1,262,661Expenses 2025: $1,345,315Net Income 2025: -$82,6542025

Highlighted filing

2019

Revenue$1,164,805
Expenses$1,158,153
Net Income$6,652
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jul 31, 2019
Return Version
2018v3.1
Gross Receipts
$1,164,805
Mission and Program Overview

Mission

Operation of christian radio stations

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$314,409$292,977▼ $21,432
Savings and Temporary Cash Investments$40,062$201,406▲ $161,344
Intangible Assets$176,616$142,795▼ $33,821
Cash and Non-Interest-Bearing Accounts$200,036$83,386▼ $116,650
Accounts Receivable$32,031$34,906▲ $2,875
Total Assets$763,754$756,070▼ $7,684
Other Assets Total$600$600→ $0
Liabilities
Deferred Revenue$51,117$42,890▼ $8,227
Accounts Payable and Accrued Expenses$17,708$11,803▼ $5,905
Other Liabilities$207$3▼ $204
Total Liabilities$69,032$54,696▼ $14,336
Net Assets / Fund Balance
Unrestricted Net Assets$694,722$701,374▲ $6,652
Total Net Assets Fund Balance$694,722$701,374▲ $6,652
Total Liabilities and Net Assets / Fund Balance$763,754$756,070▼ $7,684

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$214,374$780,875$995,249
Buildings$78,603$121,863$200,466
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gene HenesPresident/directorFT$77,300$77,300

Board Members and Trustees

NameTitle
Steve BusskohlChairman/director
John Dewerff2nd Vice Chairman/direct
Allen QuenzerVice Chairman/director
Dale HudsonDirector
Danny MyersDirector
Mel FullerSecretary/director
Revenue and Support

Revenue Composition

Contributions and Grants
$676,212
Program Service Revenue
$469,002
Investment Income
$1,211
Other Revenue
$18,380
All Other Contributions
$676,212
Change in Net Assets
$6,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$586,364
Salaries, Compensation, and Employee Benefits$571,789
Total Fundraising Expense$20,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$384,615$57,491$11,033$453,139
Occupancy$267,852$176-$268,028
Depreciation Depletion$97,054$1,645-$98,699
Current Officers, Directors, Trustees, and Key Employees-$71,356$5,944$77,300
Payroll Taxes$27,895$12,155$1,300$41,350
Office Expenses$31,658$3,023-$34,681
Information Technology$29,212$3,954-$33,166
Insurance$21,852$3,142-$24,994
Travel$21,289$3,541-$24,830
Other Expenses$15,639$-73$2,239$15,639
Advertising$14,449--$14,449
Conferences and Meetings$10,018$1,042-$11,060
Fees for Services Accounting-$5,360-$5,360
Total Functional Expenses$974,825$162,812$20,516$1,158,153
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Herb Ardys RoszhartFormer Chairman and Former TreasurerLEASES TWO TOWERS;ListTotal 18000;ListTotal 18000No$18,000
Allen QuenzerVice Chairman/directorLeases LandNo$12,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Section B, line 11B

ORGANIZATION'S PROCESS TO REVIEW FORM 990- Due to the timing of the completion of the Form 990 and the limited number of meetings of the Board of Directors per year to 3 meetings, the Board President reviews and approves the 990 for filing. At the next scheduled Board meeting thereafter, the 990 is available for review and approved in Board minutes.

Form 990, Part VI, Section B, line 12C

Enforcement of conflicts policy- officers and directors are required to complete an annual reporting statement regarding any conflict or duality of interest disclosures.

Form 990, Part VI, Section B, line 15

Compensation process for top officials and officers are determined by board of directors

Form 990, Part VI, Section C, line 19

Governing documents disclosure explanation - documents made available to public upon request

Filing and Contact Details

Filer

Filer Name
Praise Network Inc
EIN
47-0716006
Phone
4023361230
Address
128 S 4TH ST, ONEILL, NE 68763

Signing Officer

Name
Alex McKenzie
Title
President
Phone
7856561767
Signed
2019-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex McKenzie
Formed
1988
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
6
Employees
37
Volunteers
0

Preparer

Firm
Dana F Cole & Company Llp
Address
112 N 6TH ST PO BOX 359, ONEILL, NE 68763
Preparer
Lori L Olson
Phone
4023362030
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Board President reviews the review and then approves it at their next board meeting.

Raw XML AppendixShowing 400 of 424 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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IRS990/SavingsAndTempCashInvstGrp/BOYAmt040062
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0201406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0676212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0683347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0717064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0710588
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0736101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03523312
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01211
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0132
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01406
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02300776
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt018380
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018380
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99320
IRS990ScheduleA/PublicSupportPY170Pct00.99870
IRS990ScheduleA/PublicSupportTotal170Amt03519174
IRS990ScheduleA/SubstantialContributorsTotAmt04138
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0676212
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0683347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0717064
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0710588
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0736101
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03523312
IRS990ScheduleA/TotalSupportAmt03543098
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt078603
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0121863
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0200466
IRS990ScheduleD/EquipmentGrp/BookValueAmt0214374
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0780875
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0995249
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0292977
IRS990ScheduleD/TotalLiabilityAmt03
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ALLEN QUENZER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1HERB ARDYS ROSZHART
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0VICE CHAIRMAN/DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1FORMER CHAIRMAN AND FORMER TREASURER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt118000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASES LAND
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LEASES TWO TOWERS;ListTotal 18000;ListTotal 18000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990- Due to the timing of the completion of the Form 990 and the limited number of meetings of the Board of Directors per year to 3 meetings, the Board President reviews and approves the 990 for filing. At the next scheduled Board meeting thereafter, the 990 is available for review and approved in Board minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY- OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE AN ANNUAL REPORTING STATEMENT REGARDING ANY CONFLICT OR DUALITY OF INTEREST DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION PROCESS FOR TOP OFFICIALS AND OFFICERS ARE DETERMINED BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - DOCUMENTS MADE AVAILABLE TO PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board President reviews the review and then approves it at their next board meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0763754
IRS990/TotalAssetsEOYAmt0756070
IRS990/TotalAssetsGrp/BOYAmt0763754
IRS990/TotalAssetsGrp/EOYAmt0756070
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0676212
IRS990/TotalEmployeeCnt037
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020516
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0162812
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0974825
IRS990/TotalFunctionalExpensesGrp/TotalAmt01158153
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069032
IRS990/TotalLiabilitiesEOYAmt054696
IRS990/TotalLiabilitiesGrp/BOYAmt069032
IRS990/TotalLiabilitiesGrp/EOYAmt054696
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0694722
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0701374
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0974825
IRS990/TotalProgramServiceRevenueAmt0469002
IRS990/TotalReportableCompFromOrgAmt077300
IRS990/TotalRevenueGrp/ExclusionAmt019591
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0469002
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01164805
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0763754
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0756070
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03541
IRS990/TravelGrp/ProgramServicesAmt021289
IRS990/TravelGrp/TotalAmt024830
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0694722
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0701374
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0128 S 4TH ST
IRS990/USAddress/CityNm0ONEILL
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068763
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PRAISENETWORK.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Alex McKenzie
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07856561767
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRAISE NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0PRAI
ReturnHeader/Filer/EIN0470716006
ReturnHeader/Filer/PhoneNum04023361230

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.18$0.74$1.26$1.35$0.08
2023Summary only. Only limited summary data is available for this year.$1.02$0.15$0.87$1.31$1.21$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.07$0.55$1.15$1.17$0.03
2020Summary only. Only limited summary data is available for this year.$0.63$0.05$0.58$1.18$1.30$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.05$0.70$1.16$1.16$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.07$0.69$1.13$1.09$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.06$0.65$1.19$1.16$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.73$0.11$0.62$1.20$1.14$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.19$0.57$1.16$1.12$0.04
2014Summary only. Only limited summary data is available for this year.$0.73$0.20$0.53$1.20$1.12$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.29$0.45$1.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.39$0.44$1.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.46$0.38$1.03