Center For The Grace Foundation
- Assets
- $58.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-1543400
Organization Overview
Center For The Grace Foundation is located in Katy, TX. The organization was established in 2004. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Center For The Grace Foundation 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 12/2021, Center For The Grace Foundation generated $74.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $43.0k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED DIRECT FINANCIAL ASISTANCE AND SUPPORT TO VICTIMS OF FIRE, HURRICANES, ILLNESSES AND OTHER NATURAL DISASTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Hallsted President/treasurer | 1 | $0 | |
Andrew Hall Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,540 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4 |
| Total Revenue | $74,544 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,968 |
| Total expenses | $42,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,217 |
| Other assets | $0 |
| Total assets | $58,208 |
| Total liabilities | $12 |
| Net assets or fund balances | $58,196 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For The Grace Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |
Goodness Outreach Depot Haslet, TX | $63,576 | $5,040,175 |
Reach Out America Intnl Inc League City, TX | $82,428 | $5,177,951 |
Humble Area Assistance Ministries Humble, TX | $3,384,410 | $5,119,606 |
Second Mile Misson Center Missouri City, TX | $4,251,763 | $6,186,736 |
Twin City Mission Bryan, TX | $7,381,064 | $5,288,388 |
Arlington Charities Inc Arlington, TX | $1,224,245 | $5,005,131 |
Bells Savoy Community Emergency Service Inc Bells, TX | $808,654 | $3,720,170 |
Residential Energy Assistance Partnership Inc San Antonio, TX | $8,576,641 | $1,401,105 |
Crisis Assistance Center Conroe, TX | $3,248,688 | $3,224,815 |