Jerry Drace Evangelistic Association Inc
- Assets
- $147.7k
- Revenue
- $35.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Humboldt, TN
- Founding
- 07/1975
- Data as of
- 03/2022
- EIN
- 23-7430843
Organization Overview
Jerry Drace Evangelistic Association Inc is located in Humboldt, TN. The organization was established in 1975. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jerry Drace Evangelistic Association 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 03/2022, Jerry Drace Evangelistic Association Inc generated $35.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $39.4k during the year ending 03/2022. While expenses have increased by 1.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS AN EVANGELISTIC ASSOCIATION FORMED FOR THE PURPOSE OF CONDUCTING EVANGELISTIC SERVICES AND FAMILY ENRICHMENT SEMINARS IN THE UNITED STATES AND FOREIGN COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED EVANGELISTIC REVIVAL MEETINGS AND "HOPE FOR THE HOME" SEMINARS IN NUMEROUS CHURCHES; SOLD COPIES OF PREVIOUSLY PUBLISHED HOPE FOR THE HOME STUDY BIBLES DESIGNED TO PROVIDE BIBLICAL INSIGHTS TO BUILD AND STRENGTHEN FAMILY RELATIONSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Drace Bookkeeper/s | OfficerTrustee | 20 | $12,480 |
Jerry Drace President | OfficerTrustee | 15 | $0 |
Bob Alvey Director | Trustee | 2 | $0 |
Gary Carter Board Chairm | Trustee | 2 | $0 |
Mike Duduit Director | Trustee | 2 | $0 |
Jackie Taylor Director | Trustee | 2 | $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 | $24,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,199 |
| Total Program Service Revenue | $3,811 |
| Investment income | $7,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,480 |
| Compensation of current officers, directors, key employees. | $1,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,191 |
| Payroll taxes | $955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,239 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,183 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $39,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,289 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,529 |
| Investments—publicly traded securities | $121,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $147,692 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $147,692 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jerry Drace Evangelistic Association Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Global Ministries Foundation Cordova, TN PURPOSE: MINISTRY SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Doulos Ministries Inc Independence, MO | $17,094,809 | $7,030,778 |
Christian Relief Services - 21st Century Campaign Inc Alexandria, VA | $158,124,944 | $23,648,742 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
International House Of Prayer Kansas City, MO | $184,048 | $5,377,714 |