Province & Grace Inc
- Assets
- $24.8m
- Revenue
- $766.1k
- Investments
- $22.7m
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 30-2421441
Organization Overview
Province & Grace Inc is located in Richmond, TX. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Province & 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.
Since 2019, Province & Grace Inc has awarded 52 individual grants totaling $4,936,944. 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 |
|---|---|---|---|
L David Sparks President/treasurer | 1 | $0 | |
Bryan K Sparks Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $310,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $777,191 |
| Capital Gain Net Income | $777,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$321,450 |
| Total Revenue | $766,091 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,230 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,296 |
| Total operating and administrative expenses | $298,882 |
| Contributions, gifts, grants paid | $1,257,600 |
| Total expenses and disbursements | $1,556,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,152,401 |
| Savings and temporary cash investments | $0 |
| 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 | $24,811,096 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Province & Grace Inc has awarded $1,257,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FT BEND COUNTY WOMEN'S CENTER PURPOSE: GENERAL FUNDING | $320,600 |
EMMANUEL CHURCH PURPOSE: GENERAL FUNDING | $512,000 |
THE SALVATION ARMY PURPOSE: GENERAL FUNDING | $3,000 |
FAVOUR AFRICA CHURCH PURPOSE: GENERAL FUNDING | $50,000 |
AMERICAN RED CROSS PURPOSE: GENERAL FUNDING | $3,000 |
UNIVERSITY OF HOUSTON FOUNDATION PURPOSE: GENERAL FUNDING | $5,000 |