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Foundation Of Praise Incorporated

  • Escondido, CA
  • Tax-exempt since March 1982
  • EIN: 23-7448019

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$517k (2023)

Expenses
$639k (2023)

Total Assets
$5.83M (2023)

Total Liabilities
$2.41k (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$516,558
Expenses
$639,456
Net Income
-$122,898
Net Assets
$5,828,976
Notable Sources of Revenue Percent of Total Revenue
Contributions $289,499
56.0%
Program Services $89,805
17.4%
Investment Income $240,175
46.5%
Bond Proceeds $0
Royalties $5,926
1.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$108,847
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $178,054
27.8%
Professional Fundraising Fees $0
Other Salaries and Wages $76,180
11.9%
Assets/Debt
Total Assets $5,831,386
Total Liabilities $2,410
Net Assets $5,828,976
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer/Gm) $122,084 $0 $8,988
Bruce Carothers (Secretary) $13,000 $0 $33,430
Mary Carothers (President) $552 $0 $0

Document Links

990
Filed on Aug. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,567
Expenses
$544,387
Net Income
$76,180
Net Assets
$5,951,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $317,128
51.1%
Program Services $85,440
13.8%
Investment Income $219,333
35.3%
Bond Proceeds $0
Royalties $4,413
0.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,747
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $171,668
31.5%
Professional Fundraising Fees $0
Other Salaries and Wages $75,872
13.9%
Assets/Debt
Total Assets $5,953,519
Total Liabilities $2,115
Net Assets $5,951,404
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $123,713 $0 $12,211
Bruce Carothers (Secretary) $5,000 $0 $30,192
Mary Carothers (President) $0 $0 $552

Document Links

990
Filed on Oct. 26, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$739,185
Expenses
$642,877
Net Income
$96,308
Net Assets
$6,351,374
Notable Sources of Revenue Percent of Total Revenue
Contributions $363,359
49.2%
Program Services $98,567
13.3%
Investment Income $274,511
37.1%
Bond Proceeds $0
Royalties $2,857
0.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$109
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $109,846
17.1%
Professional Fundraising Fees $0
Other Salaries and Wages $79,041
12.3%
Assets/Debt
Total Assets $6,352,418
Total Liabilities $1,044
Net Assets $6,351,374
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $98,100 $0 $11,746
Mary Carothers (President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on Nov. 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$523,377
Expenses
$450,063
Net Income
$73,314
Net Assets
$6,147,539
Notable Sources of Revenue Percent of Total Revenue
Contributions $301,113
57.5%
Program Services $94,878
18.1%
Investment Income $92,842
17.7%
Bond Proceeds $0
Royalties $882
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $33,662
6.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,159
22.3%
Professional Fundraising Fees $0
Other Salaries and Wages $83,401
18.5%
Assets/Debt
Total Assets $6,148,101
Total Liabilities $562
Net Assets $6,147,539
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $89,838 $0 $10,080
Mary Carothers (President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on June 4, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$654,336
Expenses
$524,130
Net Income
$130,206
Net Assets
$6,054,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $345,509
52.8%
Program Services $110,358
16.9%
Investment Income $197,309
30.2%
Bond Proceeds $0
Royalties $1,160
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $99,000
18.9%
Professional Fundraising Fees $0
Other Salaries and Wages $74,524
14.2%
Assets/Debt
Total Assets $6,054,579
Total Liabilities $0
Net Assets $6,054,579
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $91,635 $0 $7,365
Mary Carothers (President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on Oct. 30, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$654,398
Expenses
$503,550
Net Income
$150,848
Net Assets
$5,452,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $329,496
50.4%
Program Services $110,047
16.8%
Investment Income $206,812
31.6%
Bond Proceeds $0
Royalties $8,043
1.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $99,211
19.7%
Professional Fundraising Fees $0
Other Salaries and Wages $86,236
17.1%
Assets/Debt
Total Assets $5,452,609
Total Liabilities $0
Net Assets $5,452,609
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $92,042 $0 $7,169
Mary Carothers (President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on Sept. 11, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,975
Expenses
$492,202
Net Income
$128,773
Net Assets
$5,737,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $305,591
49.2%
Program Services $131,324
21.1%
Investment Income $183,922
29.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $138
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $92,536
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $91,337
18.6%
Assets/Debt
Total Assets $5,737,484
Total Liabilities $0
Net Assets $5,737,484
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $84,923 $0 $7,613
Mary Carothers (President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on Nov. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$582,337
Expenses
$497,979
Net Income
$84,358
Net Assets
$5,380,172
Notable Sources of Revenue Percent of Total Revenue
Contributions $304,723
52.3%
Program Services $117,677
20.2%
Investment Income $159,937
27.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $108,453
21.8%
Professional Fundraising Fees $0
Other Salaries and Wages $92,233
18.5%
Assets/Debt
Total Assets $5,380,172
Total Liabilities $0
Net Assets $5,380,172
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $89,995 $0 $18,459
Mary Carothers (President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$631,608
Expenses
$544,747
Net Income
$86,861
Net Assets
$5,096,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $257,560
40.8%
Program Services $202,099
32.0%
Investment Income $171,949
27.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $78,562
14.4%
Professional Fundraising Fees $0
Other Salaries and Wages $101,659
18.7%
Assets/Debt
Total Assets $5,096,244
Total Liabilities $0
Net Assets $5,096,244
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Treasurer) $76,962 $0 $1,600
Mary Carothers (Chair) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on Aug. 12, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$586,925
Expenses
$539,902
Net Income
$47,023
Net Assets
$5,448,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $314,451
53.6%
Program Services $124,142
21.2%
Investment Income $146,517
25.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,815
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,349
11.9%
Professional Fundraising Fees $0
Other Salaries and Wages $107,623
19.9%
Assets/Debt
Total Assets $5,448,887
Total Liabilities $0
Net Assets $5,448,887
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Tresurer) $64,349 $0 $0
Mary Carothers (Vice President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0

Document Links

990
Filed on Aug. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$691,381
Expenses
$474,965
Net Income
$216,416
Net Assets
$5,296,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $413,815
59.9%
Program Services $134,614
19.5%
Investment Income $142,952
20.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,349
13.5%
Professional Fundraising Fees $0
Other Salaries and Wages $63,383
13.3%
Assets/Debt
Total Assets $5,296,698
Total Liabilities $0
Net Assets $5,296,698
Compensation
Key Employees and Officers Compensation Related Other
Joann Thomas (Tresurer) $64,349 $0 $0
Merlin Carothers (President) $0 $0 $0
Mary Carothers (Vice President) $0 $0 $0
Bruce Carothers (Secretary) $0 $0 $0
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Document Links

990
Filed on Aug. 29, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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