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Nonprofiteer
← PRAXIS INC

Form 990 for tax year 2022

Filed by PRAXIS INC.

Totals

Total revenue
$6,898,049
Total expenses
$6,469,110
Contributions and grants received
$5,818,396
Grants paid
$600,000
Program service revenue
$1,063,677
Investment income
$211
Other revenue
$15,765
Total assets, end of year
$4,549,151
Total liabilities, end of year
$974,346
Net assets or fund balances, end of year
$3,574,805
Program services expenses (Part IX)
$5,627,704
Management and general expenses
$823,602
Fundraising expenses
$17,804
Program service expenses (Part III)
$5,627,704

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $44,110

  • 1f · All other contributions, gifts and grants

    $5,774,286

  • 2a · Program service revenue: Ecosystem building

    total $736,962 · related or exempt $736,962

  • 2b · Program service revenue: Praxis ventures

    total $165,370 · related or exempt $165,370

  • 2c · Program service revenue: Learning center

    total $161,345 · related or exempt $161,345

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $211 · excluded $211

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $15,765 · related or exempt $15,765 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $15,765

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 3 · Grants to foreign organizations and individuals

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $1,082,398 · program services $1,028,278 · management and general $54,120

  • 7 · Other salaries and wages

    total $1,544,734 · program services $1,285,062 · management and general $259,672

  • 8 · Pension plan contributions

    total $117,839 · program services $105,304 · management and general $12,535

  • 9 · Other employee benefits

    total $436,316 · program services $354,384 · management and general $81,932

  • 10 · Payroll taxes

    total $176,043 · program services $159,910 · management and general $16,133

  • 11b · Fees: legal

    total $2,185 · program services $385 · management and general $1,800

  • 11c · Fees: accounting

    total $66,453 · management and general $66,453

  • 11g · Fees: other

    total $279,412 · program services $168,846 · management and general $110,566 · fundraising $0

  • 13 · Office expenses

    total $445,138 · program services $420,598 · management and general $9,199 · fundraising $15,341

  • 14 · Information technology

    total $17,914 · program services $17,825 · management and general $89

  • 16 · Occupancy

    total $145,773 · program services $235 · management and general $145,538

  • 17 · Travel

    total $1,403,770 · program services $1,400,183 · management and general $1,124 · fundraising $2,463

  • 22 · Depreciation, depletion and amortization

    total $10,508 · management and general $10,508

  • 23 · Insurance

    total $28,776 · management and general $28,776

  • 24a · Other expenses: Honorarium

    total $20,735 · program services $20,735

  • 24e · All other expenses

    total $91,116 · program services $65,959 · management and general $25,157 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,889,047 · end of year $3,465,092

  • 2 · Savings and temporary cash investments

    beginning of year $500,261 · end of year $300,543

  • 4 · Accounts receivable

    beginning of year $10,466 · end of year $30,236

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $161,926 · end of year $180,654

  • 10a · Land, buildings and equipment: cost or other basis

    $153,723

  • 10b · Land, buildings and equipment: accumulated depreciation

    $127,885

  • 10c · Land, buildings and equipment, net

    beginning of year $17,568 · end of year $25,838

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $57,517

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $489,271

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,304 · end of year $65,973

  • 19 · Deferred revenue

    beginning of year $348,100 · end of year $412,352

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $496,021

  • 27 · Net assets without donor restrictions

    beginning of year $2,645,864 · end of year $3,274,805

  • 28 · Net assets with donor restrictions

    beginning of year $500,000 · end of year $300,000

Mission and programs · 2022

Mission

Praxis 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.

Activities or mission (Part I)

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.

  • ECOSYSTEM BUILDING Through Ecosystem Building, we aim to build a global community composed of five essential audiences: founders, funders, builders, thinkers, and ecosystem builders. These groups are actively working together to advance redemptive entrepreneurship as a diverse yet dense network and a witness of the way of Jesus in the world.

    Expenses $2,751,283 · Revenue $752,727

  • PRAXIS VENTURES The mission of the Venture Group is to develop and resource a portfolio of the top redemptive ventures in the world and serve their Christian founders from startup to scale, from growth to impact.

    Expenses $2,010,187 · Grants $600,000 · Revenue $165,370

  • LEARNING CENTER The purpose of the Learning Center is 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.

    Expenses $866,234 · Revenue $161,345

As filed on the 2022 return.

Listed in Part VII

  • David Blanchard

    Co-Founder & President

    Total calculated
    $342,498
    From this org
    $290,900
    From related orgs
    $0
    Other
    $51,598
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $235,900
    Bonus
    $55,000
    Other
    $0
    Deferred
    $12,708
    Nontaxable benefits
    $38,890
    Filer's total
    $342,498

  • Kurt Keilhacker

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Mike Bontrager

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Steve Graves

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • April Chapman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Debra McCoy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Sears

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sajan George

    Managing Partner

    Total calculated
    $278,080
    From this org
    $230,625
    From related orgs
    $0
    Other
    $47,455
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $225,625
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,531
    Nontaxable benefits
    $35,924
    Filer's total
    $278,080

  • Andrew Crouch

    Partner, Theology & Culture

    Total calculated
    $234,295
    From this org
    $222,750
    From related orgs
    $0
    Other
    $11,545
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $222,750
    Bonus
    $0
    Other
    $0
    Deferred
    $11,137
    Nontaxable benefits
    $408
    Filer's total
    $234,295

  • Dan Reed

    Partner, Capital

    Total calculated
    $173,932
    From this org
    $130,310
    From related orgs
    $0
    Other
    $43,622
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $130,310
    Bonus
    $0
    Other
    $0
    Deferred
    $6,313
    Nontaxable benefits
    $37,309
    Filer's total
    $173,932

  • Jon Moorehart

    Partner

    Total calculated
    $163,041
    From this org
    $139,625
    From related orgs
    $0
    Other
    $23,416
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $139,625
    Bonus
    $0
    Other
    $0
    Deferred
    $7,063
    Nontaxable benefits
    $16,353
    Filer's total
    $163,041

  • Mel Murray II

    Partner, Global

    Total calculated
    $185,754
    From this org
    $140,000
    From related orgs
    $0
    Other
    $45,754
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $0
    Other
    $0
    Deferred
    $7,000
    Nontaxable benefits
    $38,754
    Filer's total
    $185,754

  • Scott Kauffmann

    Partner, Content

    Total calculated
    $227,102
    From this org
    $191,250
    From related orgs
    $0
    Other
    $35,852
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $191,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $35,852
    Filer's total
    $227,102

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Payments for business use of a personal residence
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Payments for business use of personal residence
The reimbursement of $350 to the Partner of Theology and Culture for the business use of his home is not considered taxable because it was for a bona fide business purpose.
Schedule J, Part I, Line 7 Non-fixed payments
The organization made a discretionary bonus payment to the President and Managing Partner during the tax year.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Ideos Institute

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Institute for American Poilicing Reform

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Keseb

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Semilla Nueva

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Meto

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Missional Labs

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Prevention Now

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Unless U

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Ambition Angels

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

  • Bean Path

    $50,000

    Nonprofit Accelerator - Grant to be used toward the furthering of the venture's mission to address the major issues of our time

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202401919349301415

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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