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.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$82K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$50K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$565K
Spent
$513K
To programs
85%
Net assets
$328K
By yearFY2020–FY2025
Revenue
$565K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$565K
FY2021$828K
FY2022$668K
FY2023$680K
FY2024$435K
FY2025$463K
Expenses
$513K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$513K
FY2021$580K
FY2022$576K
FY2023$473K
FY2024$564K
FY2025$482K
Net assets
$328K
FY2020
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 FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

85 cents of each dollar spent went to programs.

Program services 85% · $435K Management & general 7% · $35K Fundraising 8% · $43K

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

6 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$51,400Pt VII · Sec A
Treasurer
$30,840Pt 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

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.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $435K · in their own filed words · FY2019
01

Praise Academy is a neighborhood elementary school currently serving 25 preschool through eighth-grade children from the Lakeside neighborhood in Shreveport, LA. The ZIP code in which our school resides is the poorest ZIP code in Louisiana, where 41% of the population has a household income of less than $15,000 and 85% of all…

$435Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$565K
Ln 12
Gifts and grantsLn 1h$373K
Fees for servicesLn 2g$192K
Money outPt IX
$513K
Ln 25
Programscol B$435K
Managementcol C$35K
Fundraisingcol D$43K
Owns and owesPt X
$328K
net assets · Ln 32
Cash and savingsLn 1–2$377K
Total assetsLn 16$377K
LiabilitiesLn 26$50K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$373K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$192K
Total revenueLn 12$565K
Assets in detailPt X, end of year
CashLn 1$377K
Cash and savings togetherLn 1–2$377K
Total assetsLn 16$377K
LiabilitiesLn 26$50K
Net assetsLn 32$328K
OperationsPt I, VI
EmployeesI 514
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$279K$377K
Total assetsLn 16$279K$377K
LiabilitiesLn 26$4K$50K
Net assetsLn 32$275K$328K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$198K$198K
Pay of current officers, directors and key staffLn 5$82K$69K$13K$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$123K$97K$2K$25K
Payroll taxesLn 10$16K$13K$1K$2K
Other fees for servicesLn 11g$7K$4K$3K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$8K$4K$3K$784
Information technologyLn 14$1K$598$479$120
OccupancyLn 16$26K$13K$10K$3K
TravelLn 17$747$412$268$67
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$37K$37K$0$0
Total functional expensesLn 25$513K$435K$35K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $463K$482K−$19K$775K 990 PDF
FY2024 $435K$564K−$129K$770K 990 PDF
FY2023 $680K$473K$207K$881K 990 PDF
FY2022 $668K$576K$92K$667K 990 PDF
FY2021 $828K$580K$247K$575K 990 PDF
FY2020 Viewing $565K$513K$52K$328K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $564,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $404,803$372,561
I-9 Program service revenuePrior year $213,360$192,360
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $618,163$564,921
I-13 Grants and similar amounts paidPrior year $209,685$197,561
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $213,995$221,440
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $85,951$93,575
I-18 Total expensesPrior year $509,631$512,576
I-19 Revenue less expensesPrior year $108,532$52,345
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $564,921 across 10 lines filed
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$372,561
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$372,561
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $192,360 · Unrelated business $0 · Excluded from tax $0$192,360
VIII-12 Total revenueRelated to mission $192,360 · Unrelated business $0 · Excluded from tax $0$564,921
Part IX · Statement of functional expenses $512,576 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $197,561$197,561
IX-5 Pay of current officers, directors and key staffPrograms $68,876 · Management $13,364 · Fundraising $0$82,240
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $96,632 · Management $2,160 · Fundraising $24,672$123,464
IX-10 Payroll taxesPrograms $12,661 · Management $1,188 · Fundraising $1,887$15,736
IX-11g Other fees for servicesPrograms $3,985 · Management $2,685$6,670
IX-12 Advertising and promotionFundraising $12,773$12,773
IX-13 Office expensesPrograms $3,920 · Management $3,136 · Fundraising $784$7,840
IX-14 Information technologyPrograms $598 · Management $479 · Fundraising $120$1,197
IX-16 OccupancyPrograms $13,108 · Management $10,486 · Fundraising $2,622$26,216
IX-17 TravelPrograms $412 · Management $268 · Fundraising $67$747
IX-23 InsuranceManagement $1,013$1,013
IX-24 Other expenses (24a–d)Programs $37,119 · Management $0 · Fundraising $0$37,119
IX-25 Total functional expensesPrograms $434,872 · Management $34,779 · Fundraising $42,925$512,576
Part X · Balance sheet $377,192 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $279,145$377,192
X-4 Accounts receivableStart of year $23$0
X-16 Total assetsStart of year $279,168$377,192
X-17 Accounts payable and accrued expensesStart of year $3,871$46,283
X-25 Other liabilitiesStart of year $0$3,267
X-26 Total liabilitiesStart of year $3,871$49,550
X-27 Net assets without donor restrictionsStart of year $275,109$320,972
X-28 Net assets with donor restrictionsStart of year $188$6,670
X-32 Total net assets or fund balancesStart of year $275,297$327,642
X-33 Total liabilities and net assetsStart of year $279,168$377,192
Part XI · Reconciliation of net assets $327,642 net assets at year end
XI-1 Total revenue$564,921
XI-2 Total expenses$512,576
XI-3 Revenue less expenses$52,345
XI-4 Net assets at start of year$275,297
XI-5 Net unrealized gains (losses) on investments$0
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$327,642

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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