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Nonprofiteer
← PRAXIS INC

Form 990 for tax year 2024

Filed by PRAXIS INC.

Totals

Total revenue
$12,348,901
Total expenses
$9,968,970
Contributions and grants received
$11,026,149
Grants paid
$924,022
Program service revenue
$1,281,571
Investment income
$39,540
Other revenue
$1,641
Total assets, end of year
$11,804,560
Total liabilities, end of year
$4,886,682
Net assets or fund balances, end of year
$6,917,878
Program services expenses (Part IX)
$8,269,086
Management and general expenses
$1,528,649
Fundraising expenses
$171,235
Program service expenses (Part III)
$8,269,086

Program services were 82.9% 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

    $11,026,149

  • 2a · Program service revenue: SUMMIT & COMMUNITY

    total $1,000,598 · related or exempt $1,000,598

  • 2b · Program service revenue: GLOBAL VENTURE

    total $163,007 · related or exempt $163,007

  • 2c · Program service revenue: MEDIA, BRAND & PRODUCT

    total $117,966 · related or exempt $117,966

  • 3 · Investment income

    total $28,551 · excluded $28,551

  • 7a · Gross sales of assets other than inventory

    securities $1,011,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,000,011

  • 7c · Gain or loss

    securities $10,989

  • 7d · Net gain or loss

    total $10,989 · excluded $10,989

  • 11d · All other revenue

    total $1,641 · related or exempt $1,641

  • 11e · Other revenue, total

    $1,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $644,012 · program services $644,012

  • 3 · Grants to foreign organizations and individuals

    total $280,010 · program services $280,010

  • 5 · Compensation of officers, directors and key employees

    total $786,685 · program services $747,351 · management and general $39,334

  • 6 · Compensation of disqualified persons

    total $2,744 · program services $2,744

  • 7 · Other salaries and wages

    total $2,498,627 · program services $2,079,478 · management and general $298,885 · fundraising $120,264

  • 8 · Pension plan contributions

    total $129,776 · program services $104,383 · management and general $20,910 · fundraising $4,483

  • 9 · Other employee benefits

    total $589,681 · program services $459,031 · management and general $110,450 · fundraising $20,200

  • 10 · Payroll taxes

    total $230,999 · program services $196,520 · management and general $27,593 · fundraising $6,886

  • 11b · Fees: legal

    total $12,781 · program services $12,781

  • 11c · Fees: accounting

    total $77,542 · management and general $77,542

  • 11f · Fees: investment management

    total $6,227 · management and general $6,227

  • 11g · Fees: other

    total $1,146,113 · program services $1,018,514 · management and general $127,599

  • 12 · Advertising and promotion

    total $164,405 · program services $111,817 · management and general $52,588

  • 13 · Office expenses

    total $928,356 · program services $695,607 · management and general $221,684 · fundraising $11,065

  • 14 · Information technology

    total $26,349 · program services $3,193 · management and general $23,156

  • 16 · Occupancy

    total $176,255 · program services $1,264 · management and general $174,991

  • 17 · Travel

    total $2,089,611 · program services $1,809,149 · management and general $273,471 · fundraising $6,991

  • 22 · Depreciation, depletion and amortization

    total $12,457 · management and general $12,457

  • 23 · Insurance

    total $18,732 · management and general $18,732

  • 24a · Other expenses: HONORARIUM

    total $49,340 · program services $46,090 · management and general $3,250

  • 24e · All other expenses

    total $98,268 · program services $57,142 · management and general $39,780 · fundraising $1,346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,226,689 · end of year $1,354,900

  • 2 · Savings and temporary cash investments

    beginning of year $360,708 · end of year $8,332,736

  • 4 · Accounts receivable

    beginning of year $14,500 · end of year $66,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $269,107 · end of year $541,760

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

    $184,681

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

    $151,628

  • 10c · Land, buildings and equipment, net

    beginning of year $38,601 · end of year $33,053

  • 11 · Investments: publicly traded securities

    beginning of year $133,919 · end of year $1,240,617

  • 15 · Other assets

    beginning of year $363,948 · end of year $234,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,349 · end of year $340,360

  • 19 · Deferred revenue

    beginning of year $355,750 · end of year $303,077

  • 25 · Other liabilities

    beginning of year $372,949 · end of year $4,243,245

  • 27 · Net assets without donor restrictions

    beginning of year $2,581,424 · end of year $3,958,987

  • 28 · Net assets with donor restrictions

    beginning of year $1,935,000 · end of year $2,958,891

Mission and programs · 2024

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.

  • GLOBAL VENTURE BUILDING ECOSYSTEMPRAXIS RUNS INTENSIVE 12-MONTH ACCELERATORS FOR CHRISTIAN ENTREPRENEURS BUILDING REDEMPTIVE VENTURES, PROVIDING VALUES-ALIGNED CAPITAL, WORLD-CLASS MENTORSHIP, PEER COMMUNITY, SPIRITUAL FORMATION, AND IMAGINATIVE CONTENT. CURRENTLY OPERATING FOUR GLOBAL PROGRAMS - US BUSINESS, US NONPROFIT, AFRICA, AND ASIA PACIFIC - EACH COHORT SERVES APPROXIMATELY 12 FELLOWS, SUPPORTED THROUGH IN-PERSON GATHERINGS, COACHING, AND PEER CIRCLES THAT CONTINUE WELL BEYOND THE PROGRAM ITSELF. (CONTINUED ON SCHEDULE O)PRAXIS ALSO CONVENES REGIONAL GATHERINGS THAT BRING ENTREPRENEURS, INVESTORS, AND BUILDERS TOGETHER FOR MULTI-DAY EVENTS OF CONVENING, RELATIONSHIP BUILDING, AND IMAGINATIVE STORIES, WITH RECENT GATHERINGS SERVING THE AFRICA AND ASIA PACIFIC REGIONS IN NAIROBI AND SINGAPORE. THROUGH ITS LOCAL ECOSYSTEMS WORK, PRAXIS EQUIPS ECOSYSTEM BUILDERS TO DEVELOP LOCAL REDEMPTIVE COMMUNITIES, OFFERING STRUCTURED PROGRAMMING THROUGH LABS, TABLES, AND COURSES THAT SPAN ACROSS MORE THAN 100 CITIES WORLDWIDE.

    Expenses $4,104,966 · Grants $924,022 · Revenue $163,007

  • SUMMIT & COMMUNITYEVERY YEAR, THE PRAXIS COMMUNITY GATHERS AT THE SUMMIT TO LEARN TOGETHER, CELEBRATE FAITHFUL WORK, AND COLLABORATE AROUND NEW OPPORTUNITIES FOR REDEMPTIVE INNOVATION ACROSS CITIES, SECTORS, AND SOCIAL CHALLENGES. THE BROADER COMMUNITY INITIATIVE CURATES THE RIGHT PEOPLE, CREATES WORLD-CLASS FORMATION EXPERIENCES, AND ACTIVATES CAPITAL AND ACTIVITY TOWARD OUR SHARED WORK. THIS ALSO INCLUDES THE REDEMPTIVE IMAGINATION PROJECT, A CULTURAL STUDIO, ORGANIZING TO ADDRESS THE MAJOR ISSUES OF OUR TIME.

    Expenses $2,560,191 · Revenue $1,002,239

  • MEDIA, BRAND & PRODUCTPRAXIS MEDIA IS THE CREATIVE, IDEAS, AND STORYTELLING ENGINE OF THE ORGANIZATION PRODUCING ORIGINAL CONTENT ACROSS AUDIO, WRITTEN, AND VISUAL FORMATS THAT BRINGS REDEMPTIVE VISION TO LIFE. WORKING IN CLOSE PARTNERSHIP, THE BRAND & PARTNERSHIPS INITIATIVE STEWARDS THE PRAXIS BRAND ACROSS ALL CHANNELS, LEADING GO-TO-MARKET EFFORTS TO BUILD AWARENESS, ENGAGEMENT, AND TRUST. TOGETHER THESE TEAMS CULTIVATE STRATEGIC RELATIONSHIPS ACROSS CHURCHES, UNIVERSITIES, AND PARTNER ORGANIZATIONS TO GROW PRAXIS'S REACH AND INFLUENCE.

    Expenses $1,603,929 · Revenue $117,966

  • 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 AND FINANCIAL HEALTH. WE BUILD SYSTEMS, STRUCTURES, INTERNAL OPERATIONS, AND AN ECONOMIC ENGINE THAT KEEPS UP WITH THE GROWTH OF THE REST OF THE ORGANIZATION.

As filed on the 2024 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
    $448,840
    From this org
    $318,342
    From related orgs
    $0
    Other
    $130,498
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $250,342
    Bonus
    $45,000
    Other
    $23,000
    Deferred
    $69,668
    Nontaxable benefits
    $60,830
    Filer's total
    $448,840

  • KURT KEILHACKER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEVE GRAVES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MIKE BONTRAGER

    TREASURER

    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
    $309,326
    From this org
    $240,625
    From related orgs
    $0
    Other
    $68,701
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $240,625
    Bonus
    $0
    Other
    $0
    Deferred
    $12,031
    Nontaxable benefits
    $56,670
    Filer's total
    $309,326

  • MEL MURRAY

    PARTNER, GLOBAL

    Total calculated
    $224,850
    From this org
    $162,625
    From related orgs
    $0
    Other
    $62,225
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $162,625
    Bonus
    $0
    Other
    $0
    Deferred
    $8,156
    Nontaxable benefits
    $54,069
    Filer's total
    $224,850

  • BEN BOHANNON

    PARTNER, BUSINESS PORTFOLIO

    Total calculated
    $217,506
    From this org
    $152,501
    From related orgs
    $0
    Other
    $65,005
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $152,501
    Bonus
    $0
    Other
    $0
    Deferred
    $7,875
    Nontaxable benefits
    $57,130
    Filer's total
    $217,506

  • JON MOOREHART

    PARTNER, LABS

    Total calculated
    $213,641
    From this org
    $147,818
    From related orgs
    $0
    Other
    $65,823
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,818
    Bonus
    $0
    Other
    $0
    Deferred
    $6,438
    Nontaxable benefits
    $59,385
    Filer's total
    $213,641

  • ANDREW CROUCH

    PARTNER, THEOLOGY & CULTURE

    Total calculated
    $277,569
    From this org
    $233,250
    From related orgs
    $0
    Other
    $44,319
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $233,250
    Bonus
    $0
    Other
    $0
    Deferred
    $11,663
    Nontaxable benefits
    $32,656
    Filer's total
    $277,569

  • DAN REED

    PARTNER, CAPITAL

    Total calculated
    $207,625
    From this org
    $148,932
    From related orgs
    $0
    Other
    $58,693
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $148,932
    Bonus
    $0
    Other
    $0
    Deferred
    $6,932
    Nontaxable benefits
    $51,761
    Filer's total
    $207,625

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

PART I, LINE 1A
THE TRAVEL FOR COMPANIONS BENEFIT IS PROVIDED TO SAJAN GEORGE, MANAGING PARTNER, AND ANDY CROUCH, PARTNER, THEOLOGY & CULTURE. THIS TRAVEL IS FOR BONA-FIDE BUSINESS PURPOSES AND IS THEREFORE TREATED AS NONTAXABLE.
PART I, LINE 4B
DAVID BLANCHARD, CO-FOUNDER & PRESIDENT, RECEIVED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN CONTRIBUTION OF $57,500 DURING 2024.
PART I, LINE 7
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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202632259349301968

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