Grace Network Of Martinsville & Henry Co Inc

Organization Overview

Grace Network Of Martinsville & Henry Co Inc is located in Martinsville, VA. The organization was established in 2005. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Grace Network Of Martinsville & Henry Co Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Network Of Martinsville & Henry Co Inc 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 06/2023, Grace Network Of Martinsville & Henry Co Inc generated $590.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $500.2k during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTANCE TO THE UNDERPRIVILEGED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CENTER FOR RESOURCES FOR RESIDENTS OF MARTINSVILLE AND HENRY COUNTY WHERE ESSENTIAL LIFE NEEDS AND REFERRALS ARE PROVIDED. CASH DONATIONS ARE USED TO PAY DIRECTLY THE SERVICE PROVIDERS OF RENT, UTILITIES, MORTGAGES, PRESCRIPTIONS AND HOME WEATHERIZATION. 2,886 CLIENTS REQUESTED ASSISTANCE AND 1,199 OF THAT NUMBER RECEIVED HELP IN THE AMOUNT OF $212,499 (ACTUAL CASH EXPENDED FOR UTILITIES, ETC). TOTAL PROGRAM EXPENSE WAS $285,093.


CENTER FOR RESOURCES FOR RESIDENTS OF MARTINSVILLE AND HENRY COUNTY WHERE ESSENTIAL LIFE NEEDS AND REFERRALS ARE PROVIDED. OUR FOOD PANTRY ACCEPTS NON-CASH DONATIONS OF FOOD AND HYGIENE ITEMS. A TOTAL OF 1,091 HOUSEHOLDS COMPRISED OF 1,995 INDIVIDUALS WERE PROVIDED WITH $127,303 ITEMS OF FOOD FROM THE FOOD PANTRY. TOTAL PROGRAM EXPENSE WAS $170,764.


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Board, Officers & Key Employees

Name (title)Compensation
Larissa Rash
Member
$0
Matthew Brown
Vice President
$0
Frances Tucker
Member
$0
Dennis Knight
Member
$0
Mary Nester
President
$0
Brenda Turner
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$585,762
Noncash contributions included in lines 1a–1f $116,310
Total Revenue from Contributions, Gifts, Grants & Similar$585,762
Total Program Service Revenue$0
Investment income $3,097
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $2,018
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $590,877

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