Grace Community Center
- Assets
- $322.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centreville, VA
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 05-0546422
Organization Overview
Grace Community Center is located in Centreville, VA. The organization was established in 2005. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Community Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Grace Community Center generated $152.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $117.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eui Saing Han Chairman | 5 | $0 | |
Tong S Park Vice Chairma | 5 | $0 | |
Joo Soung Park Vice Chairma | 5 | $0 | |
Seth Kim Secretary | 5 | $0 | |
Paul Bumsun Lee Director | 5 | $0 | |
Jinse Kim Officer | 40 | $80,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,800 |
| Total Program Service Revenue | $89,989 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $152,817 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $86,672 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,998 |
| Total expenses | $117,670 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $322,803 |
| Other assets | $0 |
| Total assets | $322,803 |
| Total liabilities | $0 |
| Net assets or fund balances | $322,803 |