Celebrating Grace Inc
- Assets
- $3.1m
- Revenue
- $801.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Macon, GA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-0654208
Organization Overview
Celebrating Grace Inc is located in Macon, GA. The organization was established in 2010. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Celebrating Grace Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Celebrating 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 12/2021, Celebrating Grace Inc generated $801.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $714.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
TO PROMOTE CHRISTIAN CONGREGATIONAL WORSHIP, CONGREGATIONAL SINGING, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND SALE OF HYMNAL, ONLINE, AND PRINT SUPPLEMENTAL MUSIC RESOURCES FOR WORSHIP PLANNING.
DEVELOPMENT AND DISTRIBUTION OF CURRICULA FOR MUSICAL EDUCATION OF CHILDREN, TEENS, AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Edwards Board Member | Trustee | 5 | $21,251 |
J Thomas Mcafee III President | OfficerTrustee | 20 | $0 |
Sally Riley Vice President, Treasurer | Officer | 25 | $0 |
Billy Orton Board Member | Trustee | 0 | $0 |
Charles Schaible Board Member | Trustee | 0 | $0 |
David Sapp Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $497,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,693 |
| Total Program Service Revenue | $2,040 |
| Investment income | $11,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,182 |
| 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 | $160,723 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $800,976 |
| 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. | $21,251 |
| Compensation of current officers, directors, key employees. | $21,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,363 |
| Pension plan accruals and contributions | $17,786 |
| Other employee benefits | $44,780 |
| Payroll taxes | $30,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,849 |
| Advertising and promotion | $5,650 |
| Office expenses | $8,337 |
| Information technology | $0 |
| Royalties | $12,699 |
| Occupancy | $72,359 |
| Travel | $1,962 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233 |
| Insurance | $3,807 |
| All other expenses | $426 |
| Total functional expenses | $714,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,468 |
| Savings and temporary cash investments | $749,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $943,579 |
| Prepaid expenses and deferred charges | $37,038 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $321,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $75,000 |
| Other assets | $851,774 |
| Total assets | $3,084,830 |
| Accounts payable and accrued expenses | $207,762 |
| Grants payable | $0 |
| Deferred revenue | $940 |
| 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 | $208,702 |
| Net assets without donor restrictions | $0 |
| 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 | $2,876,128 |
| Total liabilities and net assets/fund balances | $3,084,830 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Celebrating Grace Inc has recieved totaling $300,247.
| Awarding Organization | Amount |
|---|---|
James T Mcafee Jr Charitable Tr Ua Fbo James T Mcafee Jr & Carolyn T Macon, GA PURPOSE: EXEMPT FUNCTION | $300,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Church Methodist Publishing House Nashville, TN | $34,674,204 | $21,446,424 |
Ewtn News Inc Irondale, AL | $1,918,192 | $16,381,481 |
Gods World Publications Inc Asheville, NC | $5,264,725 | $11,160,512 |
Knoxville Leadership Foundation Knoxville, TN | $5,333,605 | $4,089,168 |
The R H Boyd Company Nashville, TN | $13,997,405 | $1,644,843 |
Gods Word To The Nations Mission Society Fleming Island, FL | $542,636 | $1,365,536 |
Sword Of The Lord Foundation Murfreesboro, TN | $3,942,238 | $620,448 |
Pak7 Us Inc Greenville, SC | $134,015 | $887,145 |
Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
Dth Publishing Corporation Chapel Hill, NC | $694,512 | $787,804 |
Associated Baptist Press Jacksonville, FL | $152,907 | $702,219 |