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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Foundation of Praise

Foundation of Praise

Fiscal year ending 2024. Filed on July 18, 2025.

PO Box 2518
Escondido, California 92033

Foundation of Praise (EIN: 23-7448019) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Foundation of Praise, a 501(c)(3) charitable organization, reported compensation for 1 out of 2 total employees. Among the employees shown here, the average compensation is $126,680. The highest compensated employee at Foundation of Praise is Joann Thomas with fiscal year 2024 compensation of $126,680.

Revenue, expenses, and employee compensation

Revenue

$982,989

Expenses

$647,799

Employee compensation

$311,867
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joann Thomas
Treasurer/Gm
$126,680
$117,580 No related comp$9,100

Benchmark Employee Compensation

Non-Employee Board Members

Bruce Carothers
Secretary
$50,000
$13,000 No related comp$37,000
Mary Carothers
President
$276
$276 No related compNo other comp

Mission Statement

PROVIDING INSPIRATIONAL MATERIALS TO MINISTRIES, PRISONS, HOSPITALS, PREGNANCY CENTERS AND THE MILITARY.

Revisions to this organization profile

July 18, 2025:
2024 Foundation of Praise 990 filed
August 13, 2024:
2023 Foundation of Praise 990 filed
October 26, 2023:
2022 Foundation of Praise 990 filed

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