Form 990 for tax year 2023
Filed by TABERNACLE OF PRAISE PROPHETIC MINISTRIES INC.
Totals
- Total revenue
- $501,799
- Total expenses
- $481,942
- Contributions and grants received
- $501,656
- Grants paid
- $405,200
- Program service revenue
- $0
- Investment income
- $143
- Other revenue
- $0
- Total assets, end of year
- $20,219
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $20,219
- Program services expenses (Part IX)
- $478,998
- Management and general expenses
- $2,944
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $478,998
Program services were 99.4% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$501,656
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $143 · related or exempt $143 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,790 · program services $55,790
-
3 · Grants to foreign organizations and individuals
total $349,410 · program services $349,410
-
12 · Advertising and promotion
total $22 · management and general $22
-
13 · Office expenses
total $1,922 · program services $700 · management and general $1,222
-
14 · Information technology
total $0
-
15 · Royalties
total $460 · management and general $460
-
17 · Travel
total $60,116 · program services $60,116
-
19 · Conferences, conventions and meetings
total $12,982 · program services $12,982
-
24a · Other expenses: Printed book "Prayers For Uncommon Results"
total $1,240 · program services $0 · management and general $1,240 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $362 · end of year $20,219
-
29 · Capital stock, trust principal or current funds
beginning of year $362 · end of year $20,219
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
Tabernacle of Praise Prophetic Ministries' mission is to empower and equip people to walk in the life, liberty, and victory that God has destined for them, through the saving grace of our Lord Jesus Christ; and to raise the banner of praise unto God globally.
-
We continued our International outreach in Africa in Nigeria, Kenya, Uganda and Ghana. Supporting activities included missions activities to reach the poor, widows, orphans and those in need of a church community; holding conferences and crusades to preach the gospel, pray for the sick and brokenhearted and to revive churches that have lost their passion for God; continued building of the church in Lagos, Nigeria; establishing and conducting church services on the church property in Nigeria.
Expenses $349,410
-
We held conferences and meetings with pastors, leaders, churches to encourage, train and equip them to be more effective and empowered to carry out their God-given callings. We were given the opportunity to minister in various nations such as Canada, Singapore, Barbados, Mozambique and Kenya.
Expenses $73,798
-
We contributed tithes and offerings domestically to other well-established ministries/ organizations that we believe are in-line with our ministry, to effectively spread the gospel of Jesus Christ
Expenses $55,790
As filed on the 2023 return.
Listed in Part VII
-
Dianne Bae
President
- Total calculated
- $0
- Hours/week
- 15
-
Powan Liew
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Ifeanyi Umeugo
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
-
$55,790
Donation
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423189349308882
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