Grateful Hearts Ministries Inc
- Assets
- $158.4k
- Revenue
- $178.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 27-1549838
Organization Overview
Grateful Hearts Ministries Inc is located in Atlanta, GA. The organization was established in 2012. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grateful Hearts Ministries 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 12/2023, Grateful Hearts Ministries Inc generated $178.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $222.4k during the year ending 12/2023. While expenses have increased by 23.4% per year over the past 9 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.
Since 2016, Grateful Hearts Ministries Inc has awarded 11 individual grants totaling $390,498. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATFUL HEARTS MINISTRIES IS A CHRIST-FOCUSED ORGANIZATION THAT ASSISTS WOMEN IN THEIR TRANSITION THROUGH THE COURT SYSTEM TO RECOVERY, RESTORATION OF FAMILIES, AND PRODUCTIVE LIVING IN THE COMMUNITY. OUR VISION IS FOR THE LIVES OF WOMEN TO BE TRANSFORMED FROM THE CYCLE OF ADDICTION, HOMELESSNESS, AND INCARCERATION TO LIVES OF PURPOSE AND SPIRITUAL WHOLENESS. THESE WOMEN LACK THE RESOURCES NECESSARY TO GAIN ACCESS TO REHABILITATION FACILITES AND PROGRAMS ASSISTANCE GIVEN TO WOMEN INCLUDES COUNSELING, FINANCIAL ASSISTANCE, TRANSPORTATION, CLOTHING AND HELP IN OBTAINING COPIES OF VARIOUS FORMS OF IDENTIFICATION SUCH AS BIRTH AND MARRIAGE RECORDS. THE AVERAGE RECIPIENT RECEIVES A FEW HUNDRED DOLLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Dart Heidt Chairman | 5 | $0 | |
Cheryl Peters Chairman | 5 | $0 | |
Kimberly Oliver Treasurer | 5 | $0 | |
Ellen Hill Secretary | 5 | $0 | |
Margo Boden Director | 1 | $0 | |
Cynthia Clements Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $178,848 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $178,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $48,483 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,709 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $56,325 |
| Printing and publications | $324 |
| Other expenses | $78,818 |
| Total operating and administrative expenses | $222,420 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $222,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,771 |
| Savings and temporary cash investments | $107,633 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,404 |
| Accounts payable and accrued expenses | $1,144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $39,471 |
| Other liabilities | $0 |
| Total liabilities | $40,615 |
Grants Awarded
Over the last fiscal year, Grateful Hearts Ministries Inc has awarded $106,383 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARY HALL FREEDOM HOUSE PURPOSE: CHARITY | $6,402 |
GRATEFUL HEARTS MINISTRIES PURPOSE: CHARITY | $99,981 |