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Nonprofiteer
← PRAXIS INC

Form 990 for tax year 2023

Filed by PRAXIS INC.

Totals

Total revenue
$8,549,565
Total expenses
$7,626,800
Contributions and grants received
$7,438,227
Grants paid
$711,929
Program service revenue
$1,075,822
Investment income
$7,291
Other revenue
$28,225
Total assets, end of year
$5,407,472
Total liabilities, end of year
$891,048
Net assets or fund balances, end of year
$4,516,424
Program services expenses (Part IX)
$6,655,399
Management and general expenses
$881,163
Fundraising expenses
$90,238
Program service expenses (Part III)
$6,655,399

Program services were 87.3% 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.

  • 1f · All other contributions, gifts and grants

    $7,438,227

  • 2a · Program service revenue: Praxis Summit

    total $698,979 · related or exempt $698,979

  • 2b · Program service revenue: Praxis ventures

    total $280,500 · related or exempt $280,500

  • 2c · Program service revenue: Center for redemptive imagination

    total $96,343 · related or exempt $96,343

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $7,291 · excluded $7,291

  • 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 $28,225 · related or exempt $28,225 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $28,225

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $661,929 · program services $661,929

  • 3 · Grants to foreign organizations and individuals

    total $50,000 · program services $50,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $762,022 · program services $725,138 · management and general $36,884

  • 6 · Compensation of disqualified persons

    total $6,700 · program services $6,700

  • 7 · Other salaries and wages

    total $2,085,234 · program services $1,770,900 · management and general $314,334

  • 8 · Pension plan contributions

    total $115,174 · program services $115,174

  • 9 · Other employee benefits

    total $569,406 · program services $565,364 · management and general $4,042

  • 10 · Payroll taxes

    total $207,680 · program services $202,220 · management and general $5,460

  • 11b · Fees: legal

    total $2,500 · management and general $2,500

  • 11c · Fees: accounting

    total $73,229 · management and general $73,229

  • 11f · Fees: investment management

    total $3,071 · management and general $3,071

  • 11g · Fees: other

    total $439,945 · program services $278,064 · management and general $159,656 · fundraising $2,225

  • 13 · Office expenses

    total $506,843 · program services $488,999 · management and general $6,231 · fundraising $11,613

  • 14 · Information technology

    total $17,132 · program services $16,876 · fundraising $256

  • 16 · Occupancy

    total $177,387 · program services $10,913 · management and general $166,474

  • 17 · Travel

    total $1,769,319 · program services $1,659,333 · management and general $60,171 · fundraising $49,815

  • 22 · Depreciation, depletion and amortization

    total $11,286 · management and general $11,286

  • 23 · Insurance

    total $10,590 · program services $3,719 · management and general $6,871

  • 24a · Other expenses: Honorarium

    total $31,150 · program services $31,150

  • 24e · All other expenses

    total $126,203 · program services $68,920 · management and general $30,954 · fundraising $26,329

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,465,092 · end of year $4,226,689

  • 2 · Savings and temporary cash investments

    beginning of year $300,543 · end of year $360,708

  • 4 · Accounts receivable

    beginning of year $30,236 · end of year $14,500

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180,654 · end of year $269,107

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

    $177,772

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

    $139,171

  • 10c · Land, buildings and equipment, net

    beginning of year $25,838 · end of year $38,601

  • 11 · Investments: publicly traded securities

    beginning of year $57,517 · end of year $133,919

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $489,271 · end of year $363,948

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,973 · end of year $162,349

  • 19 · Deferred revenue

    beginning of year $412,352 · end of year $355,750

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $496,021 · end of year $372,949

  • 27 · Net assets without donor restrictions

    beginning of year $3,274,805 · end of year $2,581,424

  • 28 · Net assets with donor restrictions

    beginning of year $300,000 · end of year $1,935,000

Mission and programs · 2023

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.

  • 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 $2,928,332 · Grants $711,929 · Revenue $280,500

  • Content 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.

    Expenses $2,019,215 · Revenue $96,343

  • Praxis 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.

    Expenses $1,045,584 · Revenue $698,979

  • 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.

    Expenses $662,268 · Revenue $28,225

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Blanchard

    Co-Founder & President

    Total calculated
    $448,791
    From this org
    $298,200
    From related orgs
    $0
    Other
    $150,591
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $268,200
    Bonus
    $30,000
    Other
    $0
    Deferred
    $12,354
    Nontaxable benefits
    $138,237
    Filer's total
    $448,791

  • 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
    $304,030
    From this org
    $238,750
    From related orgs
    $0
    Other
    $65,280
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $233,750
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,938
    Nontaxable benefits
    $53,342
    Filer's total
    $304,030

  • Andrew Crouch

    Partner, Theology & Culture

    Total calculated
    $192,245
    From this org
    $156,192
    From related orgs
    $0
    Other
    $36,053
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $151,192
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,810
    Nontaxable benefits
    $28,243
    Filer's total
    $192,245

  • Ben Bohannon

    Partner, Business Portfolio

    Total calculated
    $215,082
    From this org
    $153,126
    From related orgs
    $0
    Other
    $61,956
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $148,126
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,906
    Nontaxable benefits
    $54,050
    Filer's total
    $215,082

  • Jon MooreHart

    Partner, Labs

    Total calculated
    $192,451
    From this org
    $148,200
    From related orgs
    $0
    Other
    $44,251
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $143,200
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,250
    Nontaxable benefits
    $37,001
    Filer's total
    $192,451

  • Mel Murray II

    Partner, Global

    Total calculated
    $225,026
    From this org
    $164,925
    From related orgs
    $0
    Other
    $60,101
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $159,925
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,281
    Nontaxable benefits
    $51,820
    Filer's total
    $225,026

  • Scott Kauffmann

    Partner, Content

    Total calculated
    $251,739
    From this org
    $200,625
    From related orgs
    $0
    Other
    $51,114
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $195,625
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,344
    Nontaxable benefits
    $46,770
    Filer's total
    $251,739

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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4b Supplemental nonqualified retirement plan
David Blanchard, Co-Founder & President, received a supplemental nonqualified retirement plan contribution of $80,000 during 2023.
Schedule J, Part I, Line 7 Non-fixed payments
The organization made nonfixed payments in the form of discretionary bonuses.

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202522249349301742

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

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