Grace Project International is located in Dallas, TX. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Project International 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, Grace Project International generated $674.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $786.6k during the year ending 12/2021. While expenses have increased by 19.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRACE FOR IMPACT IS A NON-PROFIT, 501C3, ORGANIZATION WORKING IN THE AREAS OF HEALTH, EDUCATION AND CAPACITY DEVELOPMENT. GRACE FOR IMPACT SERVES THE POOR AND MOST VULNERABLE HERE AT HOME AND AROUND THE WORLD, GOING WHERE THE NEED IS GREATEST. GRACE BELIEVES THAT ACCESS TO QUALITY HEALTHCARE AND EDUCATION ARE KEY AND CRITICAL TO BREAKING THE VICIOUS CYCLE OF POVERTY. WE PURSUE THIS BY PROVIDING DEMAND DRIVEN, SCALABLE AND SUSTAINABLE SOLUTIONS BY ENGAGING AND SUPPORTING THE RURAL POOR THROUGH COST EFFECTIVE, HEALTH AND EDUCATION SOLUTIONS TO CREATE A TANGIBLE AND LASTING IMPACT. GRACE IS DRIVEN BY COMPASSION, DEDICATION, AND A SINCERE HOLISTIC CONCERN FOR THE PEOPLE WE SERVE. PROGRAMS AND ACTIVITIES INCLUDE GENERAL HEALTH, EYE HEALTH INCLUDING VISION CORRECTION AND CATARACT SURGERY, SCHOLARSHIPS, CONTINUING EDUCATION, TRAINING, AND EMERGENCY RELIEF.WE ARE PASSIONATE ABOUT THE WORK WE DO BECAUSE OUR ACTIVITIES AND SERVICES CAN BE LIFE-CHANGING RESTORING SIGHT WITH CATARACT SURGERY, PROV
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTSGRACE FOR IMPACT PROVIDES DEMAND DRIVEN, SCALABLE AND SUSTAINABLE SOLUTIONS BYENGAGING AND SUPPORTING THE RURAL POOR AND VULNERABLE THROUGH COST EFFECTIVE, HEALTH, EYE HEALTHAND EDUCATION INITIATIVES, TO CREATE A TANGIBLE AND LASTING IMPACT. GRACE FOR IMPACTADDRESSES HEALTHCARE NEEDS OF THE POOR AND VULNERABLE IN THE AREAS WE SERVE. THISINCLUDES BUT IS NOT LIMITED TO THE FOLLOWING AREAS OF FOCUS:-EYE HEALTH SERVICES INCLUDING EYE EXAMS, CATARACT SURGERY, PRESCRIPTION GLASSES, READING GLASSES-SCHOOL EYE HEALTH PROGRAMS AND EYE HEALTH EDUCATION INITIATIVES-HEALTH SCREENINGS AND TREATMENT INCLUDING MALARIA, TB, ANEMIA, NUTRITION,HYPERTENSION, DIABETES, PARASITES AND MORE-WHEELCHAIRS FOR THE PHYSICALLY CHALLENGED-SCHOLARSHIPS AND CONTINUING EDUCATION TRAINING FOR EYE HEALTH AND MEDICAL PROFESSIONALS-EMERGENCY RELIEF AND HUMANITARIAN ASSISTANCE AS A RESULT OF COVID-19OUR RESULTS.IN 2021, GRACE FOR IMPACT SHIFTED OUR FOCUS AND PREVIOUSLY PLANNED PROGRAMS TO SERVE MORE IMMEDIATE NEEDS AS A CONTINUED RESULT OF THE COVID-19 PANDEMIC. GRACE FOR IMPACTS GLOBAL HUMANITARIAN RELIEF EFFORTS INCLUDED IN THE COUNTRIES WE SERVE INCLUDING GHANA, NIGERIA, MEXICO, TANZANIA, THE US, AND THE UK. IN ADDITION, GRACE FOR IMPACT PROVIDED GENERAL HEALTH SCREENINGS, EYE EXAMS, CATARACT SURGERIES, EYEGLASSES,AND MEDICATIONS. GRACE FOR IMPACT WAS ABLE TO SERVE OVER 45,000 BENEFICIARIES IN TOTAL IN 2021. DUE TO COVID-19, FY21 WAS AN UNPRECEDENTED YEAR THAT REQUIRED THE ORGANIZATION TO SHIFT GEARS AND ADDRESS MORE IMMEDIATE NEEDS INCLUDING HUMANITARIAN RELIEF AND ASSISTANCE. THE ORGANIZATION WAS UNABLE TO HOLD OUR ANNUAL GALA FUNDRAISER WHICH REPRESENTS A SIGNIFICANT SOURCE OF FUNDRAISING, WE ARE WORKING TO RESUME OUR PLANNED FUNDRAISING ACTIVITIES AND ARE MINDFUL OF OUR EXPENSES SO THAT WE HAVE SUFFICIENT RESOURCES TO FULFILL OUR MISSION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Adesola Nichael Dada Rnbsma Director | Trustee | 1 | $0 |
Charlotte Lewis Director | Trustee | 0 | $0 |
Mohammed Abdulwahhab Director | Trustee | 0 | $0 |
Jermaine Ofori Director | Trustee | 0 | $0 |
Dr Eric Aigbedion Director | Trustee | 1 | $0 |
Eddy Efeurhobo Director | Trustee | 1 | $0 |
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 | $674,641 |
Noncash contributions included in lines 1a–1f | $637,300 |
Total Revenue from Contributions, Gifts, Grants & Similar | $674,641 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $674,641 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $498 |
Fees for services: Accounting | $750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $773 |
Advertising and promotion | $1,295 |
Office expenses | $2,553 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $15,890 |
Total functional expenses | $786,594 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,475 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $17,475 |
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 | $149,900 |
Total liabilities | $149,900 |
Net assets without donor restrictions | -$132,425 |
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 | $17,475 |