Abounding Grace Ministry Inc
- Assets
- $1.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rutherfordton, NC
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 26-2340478
Organization Overview
Abounding Grace Ministry Inc is located in Rutherfordton, NC. The organization was established in 2010. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abounding Grace Ministry 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 12/2021, Abounding Grace Ministry Inc generated $83.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $82.1k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 5 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
SEE ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirstene Landry Chairman | 40 | $30,000 | |
Angela Allen Vice Chairman | 3 | $0 | |
Barbara White Secretary | 0.25 | $0 | |
Debbie Kendrick Member | 0.7 | $0 | |
Nettie Laughter Member | 2 | $0 | |
Miranda Taylor Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,617 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,617 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $4,268 |
| Salaries, other compensation, and employee benefits | $55,788 |
| Professional fees and other payments to independent contractors | $1,373 |
| Occupancy, rent, utilities, and maintenance | $4,897 |
| Printing, publications, postage, and shipping | $4,951 |
| Other expenses | $10,860 |
| Total expenses | $82,137 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,480 |
| Other assets | $0 |
| Total assets | $1,480 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,480 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Abounding Grace Ministry Inc has recieved totaling $7,150.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $7,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rock Of Ages Ministries Inc Cleveland, TN | $3,664,055 | $7,118,510 |
Men Of Valor Nashville, TN | $11,710,058 | $3,925,028 |
Virginia Community Action Reentry System Roanoke, VA | $438,478 | $1,570,328 |
Criminal Justice Alternatives Raleigh, NC | $81,445 | $1,440,068 |
Offender Aid And Restoration Of Arlington County Oara Inc Arlington, VA | $1,483,809 | $1,847,904 |
Interfaith Prison Ministry For Women Raleigh, NC | $785,124 | $574,634 |
Forsyth Jail & Prison Ministries Winston Salem, NC | $1,076,440 | $752,667 |
Straight Talk Support Group Durham, NC | $12,670 | $541,212 |
Changed Choices Charlotte, NC | $564,898 | $518,126 |
Rehabilitation Services Inc Newport News, VA | $2,553,060 | $1,060,206 |
Prison Prevention Ministries Inc Chattanooga, TN | $110,020 | $357,639 |
Assisting Families Of Inmates Inc Richmond, VA | $940,882 | $815,590 |