Saving Grace Inc
- Assets
- $5.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 22
- Location
- Rogers, AR
- Founding
- 06/2009
- Data as of
- 06/2023
- EIN
- 26-4589018
Organization Overview
Saving Grace Inc is located in Rogers, AR. The organization was established in 2009. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Saving Grace Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saving 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 06/2023, Saving Grace Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 10.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SAVING GRACE'S MISSION IS TO ASSIST YOUNG WOMEN, AGES 17-25, DURING THE TRANSITION TO ADULTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE LAST FISCAL YEAR 13 YOUNG WOMEN CALLED SAVING GRACE HOME. DURING THEIR STAY THEY ARE PROVIDED LIMITED MEALS; A SAFE ENVIRONMENT; AND GUIDANCE IN PURSUING FUTURE EDUCATIONAL AND JOB OPPORTUNITIES. THE HOME CONTAINS BOTH PRIVATE AND SHARED SPACE SO RESIDENTS CAN DEVELOP SELF-DISCIPLINE AND INTERPERSONAL SKILLS. ADDITIONALLY, DURING THE LAST FISCAL PERIOD THERE WERE 126 REFERRALS AND 56 APPLICANTS APPLIED TO THE PROGRAM AND WE CELEBRATED 1 GRADUATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Goss Member | Trustee | 1 | $0 |
Charles Greathouse Member | Trustee | 1 | $0 |
Jaclyn Lomax Member | Trustee | 1 | $0 |
Josh Walker Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Riffle Member | Trustee | 1 | $0 |
Jeffrey Baxter Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $342,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,664,398 |
| Noncash contributions included in lines 1a–1f | $132,497 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,006,998 |
| Total Program Service Revenue | $6,274 |
| Investment income | $2,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,181 |
| Net Income from Fundraising Events | -$135,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,881,834 |
| 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. | $74,862 |
| Compensation of current officers, directors, key employees. | $18,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,748 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,024 |
| Office expenses | $66,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,382 |
| Travel | $7,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,746 |
| Interest | $66,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,744 |
| Insurance | $25,615 |
| All other expenses | $30,824 |
| Total functional expenses | $1,095,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,681 |
| Savings and temporary cash investments | $663,088 |
| 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 | $3,673,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,227 |
| Total assets | $4,962,125 |
| Accounts payable and accrued expenses | $42,079 |
| 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 | $1,958,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,000,375 |
| Net assets without donor restrictions | $1,758,445 |
| Net assets with donor restrictions | $1,203,305 |
| 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 | $4,962,125 |