Grace Community Center Inc
- Assets
- $207.9k
- Revenue
- $373.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Toledo, OH
- Founding
- 02/1978
- Data as of
- 12/2021
- EIN
- 34-1262055
Organization Overview
Grace Community Center Inc is located in Toledo, OH. The organization was established in 1978. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Grace Community Center Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Community Center 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, Grace Community Center Inc generated $373.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $374.9k during the year ending 12/2021. While expenses have increased by 7.7% 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
TO ENCOURAGE THE PERSONAL DEVEL OPMENT AND SELF ACTUALIZATION OF ITS RESIDENTS THROUGH PROGRAMS AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE THE PERSONAL DEVELOPMENT AND SELF ACTUALIZATION OF ITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Page Exec Dir | Officer | 50 | $45,000 |
M Griffin C Chair | OfficerTrustee | 3 | $0 |
J Corbin Secretary | OfficerTrustee | 4 | $0 |
S Cowell Treasurer | OfficerTrustee | 4 | $0 |
Rev D Busch C Chair | OfficerTrustee | 3 | $0 |
B Harbaugh President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,787 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $250 |
| 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 | $373,037 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $4,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,845 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,028 |
| Payroll taxes | $15,942 |
| Fees for services: Management | $29,955 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $235 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,326 |
| Travel | $0 |
| 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 | $7,479 |
| Insurance | $14,702 |
| All other expenses | $123,801 |
| Total functional expenses | $374,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,422 |
| Savings and temporary cash investments | $25,095 |
| Pledges and grants receivable | $5,200 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,305 |
| Net Land, buildings, and equipment | $120,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,857 |
| Accounts payable and accrued expenses | $2,242 |
| Grants payable | $0 |
| Deferred revenue | $23,305 |
| 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 | $12,053 |
| Other liabilities | $0 |
| Total liabilities | $37,600 |
| Net assets without donor restrictions | $145,257 |
| Net assets with donor restrictions | $25,000 |
| 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 | $207,857 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Grace Community Center Inc has recieved totaling $139,015.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Toledo Toledo, OH PURPOSE: CLOSING THE FOOD INSECURITY & HEALTH DISPARITY GAP, GENERAL OPERATIONS, FOOD/HYGIENE SUPPLIES | $71,330 |
M L M Charitable Foundation Maumee, OH PURPOSE: GENERAL PURPOSE & SUMMER PROGRAMS | $35,000 |
Toledo Community Foundation Toledo, OH PURPOSE: HELPING MEET THE NEEDS OF INNER CITY FAMILIES, GENERAL SUPPORT | $12,564 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
John Henry Eldred Jr Foundation Toledo, OH PURPOSE: TO SUPPORT THE CHARITABLE MISSION OF THE ORGANIZATION | $5,000 |
Fleisher Family Foundation Naples, FL PURPOSE: CHARITABLE | $3,916 |
Endowment Analysis
| Beg. Balance | $25,000 |
| Ending Balance | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The John H Boner Community Center Inc Indianapolis, IN | $126,660,551 | $66,637,978 |
Access Dearborn, MI | $59,514,344 | $39,029,930 |
Serge Global Inc Jenkintown, PA | $13,758,425 | $26,122,541 |
The Mandel Jewish Community Center Of Cleveland Beachwood, OH | $29,289,309 | $13,710,008 |
Bethesda Mission Of Harrisburg Harrisburg, PA | $19,345,842 | $17,253,312 |
Northwestern Ohio Community Action Inc Defiance, OH | $7,468,401 | $10,426,973 |
Jewish Community Center Of Greater Columbus Columbus, OH | $18,092,264 | $10,993,758 |
Jewish Community Center Of Metropolitan Detroit West Bloomfield, MI | $28,442,224 | $11,397,517 |
Union Mission Of Latrobe Inc Latrobe, PA | $3,839,930 | $11,313,281 |
United Neighborhood Centers Of Northeastern Pennsylvania Scranton, PA | $8,651,892 | $7,171,391 |
Southeast Community Services Inc Indianapolis, IN | $19,009,152 | $11,898,088 |
Edna Martin Christian Center Indianapolis, IN | $16,801,398 | $8,765,401 |