Children Of Grace Foundation
- Assets
- $24.7m
- Revenue
- $5.2m
- Investments
- $5.3m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-3463397
Organization Overview
Children Of Grace Foundation is located in Mobile, AL. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Children Of Grace Foundation 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, Children Of Grace Foundation generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Children Of Grace Foundation has awarded 21 individual grants totaling $2,382,989. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis F Pilot Trustee | 0 | $0 | |
C Hunter Pilot Trustee | 0 | $0 | |
Dawn L Pilot Trustee | 0 | $0 | |
Courtney L Pilot Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,629,222 |
| Interest on Savings | $16,462 |
| Dividends & Interest | $34,996 |
| Net Rental Income | $257,300 |
| Net Gain on Sale of Assets | -$68,664 |
| Capital Gain Net Income | $48,978 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $292,607 |
| Total Revenue | $5,161,923 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $45,000 |
| Pension plans, employee benefits | $3,740 |
| Interest | $0 |
| Taxes | $66,116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $391,143 |
| Total operating and administrative expenses | $505,999 |
| Contributions, gifts, grants paid | $826,175 |
| Total expenses and disbursements | $1,332,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,736,809 |
| Savings and temporary cash investments | $50,376 |
| 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 | $1,660,826 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,384,495 |
| Net Land, buildings, and equipment | $5,830,016 |
| Other assets | $9,151,424 |
| Total assets | $24,691,273 |
| Accounts payable and accrued expenses | $12,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,000 |
Grants Awarded
Over the last fiscal year, Children Of Grace Foundation has awarded $826,175 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARS HILL CHURCH PURPOSE: GENERAL | $803,640 |
Montrose, AL PURPOSE: GENERAL | $12,000 |
Fairhope, AL PURPOSE: ADOPTION ASSISTANCE | $10,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |