Praise Academy

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To provide an elementary school education that fosters each child's natural ability to become a productive, employable and active member of family and community through a Christ-centered foundational approach.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3602868) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 20 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $75K a year · 12% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
4.9 mo
of spending, in cash
Plus $430K in investments, Pt X · Ln 11–13
4.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$15K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
5
of 7 voting members
5 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$463K
+6% vs prior year
Spent
$482K
To programs
81%
Net assets
$775K
By yearFY2020–FY2025
Revenue
$463K
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$565K
FY2021$828K
FY2022$668K
FY2023$680K
FY2024$435K
FY2025$463K
Expenses
$482K
FY2025▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$513K
FY2021$580K
FY2022$576K
FY2023$473K
FY2024$564K
FY2025$482K
Net assets
$775K
FY2025▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$328K
FY2021$575K
FY2022$667K
FY2023$881K
FY2024$770K
FY2025$775K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $391K Management & general 7% · $33K Fundraising 12% · $57K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $45K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Treasurer, Board Member, Head of School, & Teacher
$42,000Pt VII · Sec A
Board Member and Part Time Teacher
$3,300Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Grams’s $42K as Treasurer, Board Member, Head of School, & Teacher is at the 33rd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joan Pingel—$58,947$53,604$51,734$51,400$51,400
Mary Grams$42,000$35,367$32,162$31,040$30,840$30,840
David Zimmel$3,300—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Praise Academy executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates children with a Christ-centered approach, fostering productive, employable, and active community members.

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2 programs · $391K · in their own filed words · FY2024
01

Praise Academy at Lakeside provided a Christ-centered elementary education to 21 students in grades PK-6 during the 2024-2025 school year. The school serves a low-income, predominantly African American community.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3602868) · Dispute this line
$361Kprogram expense
02

Praise Camp, a two-week summer camp for neighborhood children ages 5 to 13, was held in the Allendale neighborhood of Shreveport, Louisiana and in Evansville, Indiana. In all, 95 kids came to at least one day of camp in either Evansville or Allendale.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-3602868) · Dispute this line
$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 2 grants · $323K · 2019–2021
Unitemized GrantFY2021$131,875
Unitemized GrantFY2019$191,036

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$463K
Ln 12
Gifts and grantsLn 1h$426K
Investment incomeLn 3$23K
Fees for servicesLn 2g$12K
Money outPt IX
$482K
Ln 25
Programscol B$391K
Managementcol C$33K
Fundraisingcol D$57K
Owns and owesPt X
$775K
net assets · Ln 32
Cash and savingsLn 1–2$196K
Total assetsLn 16$790K
LiabilitiesLn 26$15K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$426K
Government grantsLn 1e$0
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$12K
Investment incomeLn 3$23K
Other incomeLn 4–11$2K
Total revenueLn 12$463K
Assets in detailPt X, end of year
CashLn 1$196K
Cash and savings togetherLn 1–2$196K
Prepaid expenses and deferred chargesLn 9$12K
Land, buildings, equipmentLn 10c$152K
InvestmentsLn 11–13$430K
Total assetsLn 16$790K
LiabilitiesLn 26$15K
Net assetsLn 32$775K
OperationsPt I, VI
EmployeesI 514
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$244K$196K
InvestmentsLn 11–13$447K$430K
Land, buildings, equipmentLn 10c$92K$152K
Total assetsLn 16$786K$790K
LiabilitiesLn 26$15K$15K
Net assetsLn 32$770K$775K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$3K$3K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$42K$38K$4K
Other salaries and wagesLn 7$236K$199K$7K$29K
Payroll taxesLn 10$21K$18K$873$2K
Legal feesLn 11b$1K$1K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$13K$12K$608
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$22K$19K$3K$0
Information technologyLn 14$4K$4K
RoyaltiesLn 15$0
OccupancyLn 16$39K$38K$709
TravelLn 17$3K$1K$2K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$55K$54K$734$0
Total functional expensesLn 25$482K$391K$33K$57K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 8, 2026 $463K$482K−$19K$775K 990 PDF
FY2024Filed with the IRS May 7, 2025 $435K$564K−$129K$770K 990 PDF
FY2023Filed with the IRS May 13, 2024 $680K$473K$207K$881K 990 PDF
FY2022Filed with the IRS Feb 13, 2023 $668K$576K$92K$667K 990 PDF
FY2021Filed with the IRS May 6, 2022 $828K$580K$247K$575K 990 PDF
FY2020Filed with the IRS May 3, 2021 $565K$513K$52K$328K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments E · Schools O · Explanations
See the full FY2025 990
Part I · Summary $462,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $408,365$426,015
I-9 Program service revenuePrior year $4,322$11,811
I-10 Investment incomePrior year $17,297$22,664
I-11 Other revenuePrior year $4,704$2,222
I-12 Total revenuePrior year $434,688$462,712
I-13 Grants and similar amounts paidPrior year $3,319$2,615
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $349,829$299,118
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $210,406$179,933
I-18 Total expensesPrior year $563,554$481,666
I-19 Revenue less expensesPrior year −$128,866−$18,954
Part VI · Governance 5 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $462,712 across 12 lines filed
Lines not itemized here account for $2,222 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$426,015
VIII-1g Noncash contributions (included above)$1,408
VIII-1h Total contributions, gifts and grants$426,015
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,811 · Unrelated business $0 · Excluded from tax $0$11,811
VIII-3 Investment incomeRelated to mission $22,664 · Unrelated business $0 · Excluded from tax $0$22,664
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $36,697 · Unrelated business $0 · Excluded from tax $0$462,712
Part IX · Statement of functional expenses $481,666 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $2,615$2,615
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $37,800 · Management $4,200$42,000
IX-7 Other salaries and wagesPrograms $199,340 · Management $7,159 · Fundraising $29,256$235,755
IX-10 Payroll taxesPrograms $18,252 · Management $873 · Fundraising $2,238$21,363
IX-11b Legal feesManagement $1,370$1,370
IX-11f Investment management feesManagement $1,957$1,957
IX-11g Other fees for servicesPrograms $12,284 · Management $608$12,892
IX-12 Advertising and promotionFundraising $25,558$25,558
IX-13 Office expensesPrograms $18,612 · Management $3,147 · Fundraising $0$21,759
IX-14 Information technologyPrograms $3,942$3,942
IX-15 Royalties$0
IX-16 OccupancyPrograms $38,279 · Management $709$38,988
IX-17 TravelPrograms $1,314 · Management $1,840$3,154
IX-22 Depreciation, depletion and amortizationPrograms $4,400$4,400
IX-23 InsuranceManagement $10,791$10,791
IX-24 Other expenses (24a–d)Programs $54,388 · Management $734 · Fundraising $0$55,122
IX-25 Total functional expensesPrograms $391,226 · Management $33,388 · Fundraising $57,052$481,666
Part X · Balance sheet $790,178 assets, 25 lines filed
X-1 Cash, non-interest-bearingStart of year $243,699$195,890
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-9 Prepaid expenses and deferred chargesStart of year $2,500$12,287
X-10c Land, buildings and equipment, netStart of year $92,415$151,825
X-11 Publicly traded securitiesStart of year $447,067$430,176
X-16 Total assetsStart of year $785,681$790,178
X-17 Accounts payable and accrued expensesStart of year $15,269$14,881
X-18 Grants payable$0
X-19 Deferred revenue$0
X-20 Tax-exempt bond liabilities$0
X-21 Escrow or custodial accounts$0
X-22 Loans from officers and insiders$0
X-23 Secured mortgages and notes payable$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilitiesStart of year $0$167
X-26 Total liabilitiesStart of year $15,269$15,048
X-27 Net assets without donor restrictionsStart of year $612,549$697,046
X-28 Net assets with donor restrictionsStart of year $157,863$78,084
X-32 Total net assets or fund balancesStart of year $770,412$775,130
X-33 Total liabilities and net assetsStart of year $785,681$790,178
Part XI · Reconciliation of net assets $775,130 net assets at year end
XI-1 Total revenue$462,712
XI-2 Total expenses$481,666
XI-3 Revenue less expenses−$18,954
XI-4 Net assets at start of year$770,412
XI-5 Net unrealized gains (losses) on investments$23,672
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$775,130

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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