Gifts And Grace Inc is located in Trussville, AL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifts And Grace 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 12/2022, Gifts And Grace Inc generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $113.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gifts And Grace Inc has awarded 64 individual grants totaling $494,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE
SECTION 501(C)(3).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles K Mcpherson Jr Vice President | 0 | $0 | |
Charles K Mcpherson Sr President/sec./treas. | 0 | $0 | |
Debbie Clowdus Director | 0 | $0 | |
John T Mcpherson Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $43,968 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$38,866 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $4,517 |
Total Revenue | $9,619 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $453 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $15,044 |
Contributions, gifts, grants paid | $98,000 |
Total expenses and disbursements | $113,044 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,515 |
Savings and temporary cash investments | $33,160 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $1,666,785 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Over the last fiscal year, Gifts And Grace Inc has awarded $98,000 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
ATEAM MINISTRIES - HEART 2 HEART GALA PURPOSE: TO OFFER SPIRITUAL, EMOTIONAL, AND FINANCIAL SUPPORT TO CHILDREN AND THEIR FAMILIES WITHIN THE PEDIATRIC CANCER COMMUNITY | $2,000 |
BIG OAK RANCH PURPOSE: CONTRIBUTIONS TO A CHRISTIAN HOME FOR CHILDREN NEEDING A CHANCE | $3,000 |
CAHABA RIVER SOCIETY PURPOSE: TO RESTORE AND PROTECT THE CAHABA RIVER WATERSHED AND IT RICH DIVERSITY OF LIFE | $2,000 |
BOY SCOUTS OF AMERICA PURPOSE: TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW | $5,000 |
GREATER BIRMINGHAM HUMANE SOCIETY PURPOSE: TO PROMOTE THE HUMANE TREATMENT OF PEOPLE AND ANIMALS THROUGH EDUCATION, ADVOCACY AND SERVICES. | $65,000 |
CHILDREN'S HOSPITAL OF ALABAMA PURPOSE: TO SUPPORT THE ACTIVITIES AND MISSION OF THE CHILDREN'S HOSPITAL OF ALABAMA (CHA) | $5,000 |