Grace Church is located in Las Vegas, NV. The organization was established in 1995. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Grace Church employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Grace Church 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 12/2020, Grace Church generated $154.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $179.7k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF GRACE CHURCH IS TO HELP PEOPLE LOVE JESUS, GROW IN COMMUNITY AND LIVE THIER LIVES ON MISSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHURCH SERVICE
CHURCH SERVICES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steven Christopher Pastor | Officer | $42,250 | |
Mark Schaible Director | Officer | $0 | |
Rick Walker Treasurer | Officer | $0 | |
Greg Halopoff Secretary | Officer | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $131,512 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $131,512 |
Total Program Service Revenue | $494 |
Investment income | $1,019 |
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 | $154,625 |
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. | $42,250 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $27,749 |
Other salaries and wages | $34,478 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,686 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,059 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,317 |
Office expenses | $1,530 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $16,941 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $151 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,533 |
Insurance | $2,312 |
All other expenses | $6,107 |
Total functional expenses | $179,682 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $253,258 |
Savings and temporary cash investments | $554 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $1,533 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $255,345 |
Accounts payable and accrued expenses | $5,349 |
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 | $0 |
Total liabilities | $5,349 |
Net assets without donor restrictions | $249,996 |
Net assets with donor restrictions | $0 |
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 | $255,345 |
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