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Religion : Religious Media and Broadcasting

The Praise Network

Glorifying God and Turning Hearts Toward Christ

two stars

75.64

128 South Fourth Street O'Neill, NE 68763
tel: (402) 336-1230   Web Site
EIN: 47-0716006

Board Leadership
Alex McKenzie
President

CEO
Gene Henes
President

  Score
(out of 100)
Rating
Overall Score & Rating 75.64 two stars
  Financial 90.13 four stars
  Accountability & Transparency 67.00 one star
This rating was published 03/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The Praise Network was founded in 1988. Our mission statement states, “Every endeavor will be toward glorifying God and turning hearts toward Christ through programs of instruction, information and inspiration.” Our goal is to bring Christian Radio to rural communities, assisting churches in impacting their local areas with the message of Christ. The Praise Network currently holds 20 FCC licenses – 8 FM stations and 1 AM station along with 11 translators.

The Praise Network was founded in 1988. Our mission statement states, “Every endeavor will be toward glorifying God and turning hearts toward Christ through programs of instruction, information and inspiration.” Our goal is to bring Christian Radio to rural communities, assisting churches in impacting their local areas with the message of Christ. The Praise Network currently holds 20 FCC licenses – 8 FM stations and 1 AM station along with 11 translators.

Impact Information

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Financial

four stars

90.13

Accountability & Transparency

one star

67.00

This rating was published 03/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.2%
  Administrative Expenses 16.9%
  Fundraising Expenses 1.7%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 0.61
  Program Expenses Growth 2.2%
  Liabilities to Assets 7.2%
All data for Financial Performance Metrics calculations was provided by The Praise Network on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Praise Network on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Praise Network (NE) 75.64 two stars
Andrew Wommack Ministries (CO) 96.32 four stars
World Christian Broadcasting (TN) 89.48 three stars
Luis Palau Association (OR) 88.76 three stars
Jewish Voice Ministries International (AZ) 90.44 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $676,212
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $676,212
   Program Service Revenue $469,002
Total Primary Revenue $1,145,214
   Other Revenue $19,591
TOTAL REVENUE $1,164,805
   
EXPENSES  
   Program Expenses $974,825
   Administrative Expenses $162,812
   Fundraising Expenses $20,516
TOTAL FUNCTIONAL EXPENSES $1,158,153
   
Payments to Affiliates $0
Excess (or Deficit) for the year $6,652
   
Net Assets $701,374

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Christian Religious Radio Programming $974,825 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-05 03/01/2020 75.64 two stars
2018-05 05/01/2019 64.56 one star
2017-05 05/01/2018 74.94 two stars
2016-05 06/01/2017 73.60 two stars
2015-05 06/01/2016 74.18 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 47-0716006
Name in IRS Master File PRAISE NETWORK INC
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Religious Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (29) Other religious activities
(994) Described in section 170(b)1)(a)(vi) of the Code
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 1988
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End May
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • May, 2019
  • May, 2018
  • May, 2017
  • May, 2016
  • May, 2015
Compensation % of Expenses Paid to Title
$77,300 6.67% Gene Henes President

Highly Rated

Charity Name & State Overall Score Overall Rating
The Praise Network (NE) 75.64 two stars
Relevant Radio (WI) 92.02 four stars
Family Life Ministries (NY) 95.56 four stars
The Urban Alternative (TX) 86.50 three stars
Lamb & Lion Ministries (TX) 95.54 four stars

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Charity Contact Info

The Praise Network
128 South Fourth Street
O'Neill, NE 68763
tel: (402) 336-1230
EIN: 47-0716006

Visit Web Site

Board Leadership

Alex McKenzie
President

CEO

Gene Henes
President

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