In Grace Ministries Inc
- Assets
- $483.6k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Lake Zurich, IL
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 31-1740930
Organization Overview
In Grace Ministries Inc is located in Lake Zurich, IL. The organization was established in 2001. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, In Grace Ministries Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. In Grace 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 12/2021, In Grace Ministries Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROCLAIM CHRIST AND EXTEND HUMANITARIAN AID THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROCLAIM CHRIST AND EXTEND HUMANITARIAN AID THROUGHOUT THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Scudder Jr President | OfficerTrustee | 2.5 | $0 |
Sal Reyes Treasurer | OfficerTrustee | 2.5 | $0 |
Paul Julian Secretary | Officer | 2.5 | $0 |
Gary Birginal Director | Trustee | 2.5 | $0 |
Pastor Rod Holler Director | Trustee | 2.5 | $0 |
Dr Robert Tanney Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $196,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,361,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,557,972 |
| Total Program Service Revenue | $211,745 |
| Investment income | $4,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,778,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,180 |
| Grants and other assistance to domestic individuals. | $109,628 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,483 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,041 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,317 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,855 |
| Insurance | $0 |
| All other expenses | $1,387 |
| Total functional expenses | $1,508,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,114 |
| Savings and temporary cash investments | $66,831 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,967 |
| Prepaid expenses and deferred charges | $8,617 |
| Net Land, buildings, and equipment | $33,200 |
| Investments—publicly traded securities | $203,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $483,613 |
| Accounts payable and accrued expenses | $24,031 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,255 |
| Total liabilities | $47,286 |
| Net assets without donor restrictions | $200,879 |
| Net assets with donor restrictions | $235,448 |
| 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 | $483,613 |
Grants Awarded
Over the last fiscal year, In Grace Ministries Inc has awarded $27,643 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lake Zurich, IL PURPOSE: Operating Grant | $19,137 |
AMAZING GRACE MISSION PURPOSE: Mission Support | $8,506 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that In Grace Ministries Inc has recieved totaling $225,048.
| Awarding Organization | Amount |
|---|---|
L&w Charitable Foundation Long Grove, IL PURPOSE: TO FURTHER THE MISSION OF THE DONEE. | $200,000 |
Birginal Foundation Lake Zurich, IL PURPOSE: GENERAL OPERATING BUDGET | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
G O Ministries Inc Louisville, KY | $3,216,170 | $6,018,777 |
Lutheran Bible Translators Inc Concordia, MO | $15,904,913 | $8,793,746 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |