Perfection & Grace Inc
- Assets
- $1.8m
- Revenue
- $96.0k
- Investments
- $1.5m
- Employees
- 0
- Location
- Chesterton, IN
- Founding
- 09/1992
- Data as of
- 03/2024
- EIN
- 36-3816036
Organization Overview
Perfection & Grace Inc is located in Chesterton, IN. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Perfection & 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.
For the year ending 03/2024, Perfection & Grace Inc generated $96.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $93.0k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Perfection & Grace Inc has awarded 33 individual grants totaling $391,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Evans President | 1 | $0 | |
Robert Evans Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,504 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,530 |
| Capital Gain Net Income | $26,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $96,034 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5 |
| Taxes | $1,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241 |
| Total operating and administrative expenses | $2,972 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $92,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,070 |
| Savings and temporary cash investments | $113,587 |
| 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 | $1,482,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,791,649 |
| 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, Perfection & Grace Inc has awarded $90,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: OPERATING | $10,000 |
ASSOCIATION FOR INDIVIDUAL DEVELOPM PURPOSE: OPERATING | $5,000 |
ENVISION UNLIMITED PURPOSE: OPERATING | $5,000 |
PACIFIC GARDEN MISSION PURPOSE: OPERATING | $25,000 |
ELIM CHRISTIAN SERVICES PURPOSE: OPERATING | $20,000 |
MOODY BIBLE INSTITUTE PURPOSE: OPERATING | $15,000 |