Godspeed Grace Inc
- Assets
- $47.1k
- Revenue
- $13.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hoover, AL
- Founding
- 12/2012
- Data as of
- 12/2018
- EIN
- 45-2836097
Organization Overview
Godspeed Grace Inc is located in Hoover, AL. The organization was established in 2012. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Godspeed 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 12/2018, Godspeed Grace Inc generated $13.4k 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 (24.4%) each year. All expenses for the organization totaled $11.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (24.2%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
GODSPEED STARTED AS A MOVEMENT USING THE PLATFORM OF SPORT PERFORMANCE TRAINING TO BRING THEGOSPEL OF JESUS CHRIST TO YOUNG ATHLETES INCLUDING THE YOUTH IN IMPOVERISHED AREAS OF BIRMINGHAM,AL. IN A SOCIETY THAT GLORIFIES IMMORALITY AND VIOLENCE, GODSPEED STRIVES TO CREATE AFTER SCHOOL PROGRAMS TO KEEP YOUTH OFF THE STREETS, OFF THE COUCH AND PROVIDE MENTORSHIP AND FELLOWSHIP THROUGH THE LOVE AND DISCIPLINE OF JESUS CHRIST. GODSPEED WILL FIND VOLUNTEERS WHO ARE STRONG IN THEIR CHRISTIAN FAITH TO WORK, MENTOR, AND TEACH YOUNG MEN AND WOMEN THROUGH THE DISCIPLINE OF SPORTS TRAINING. GODSPEED WILL SPONSOR YOUTH IN LOCAL COMMUNITIES THAT ARE UNABLE TO PAY FOR AFTER SCHOOL ACTIVITIES IN ORDER TO CREATE OPPORTUNITIES FOR YOUTH TO BE AROUND POSITIVE MEN AND WOMEN WITHIN A SPORTS GENRE. GODSPEED WILL BE FUNDED BY CHARITABLE DONATIONS FROM LOCAL INDIVIDUALS AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING INDIVIDUALS WITH PHYSICAL TRAINING WHILE SHARING THE GOSPEL OF JESUS CHRIST THEREFORE TRAINING INDIVIDUALS FOR GODLINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Pamela Sims Secretary | OfficerTrustee | 5 | $0 |
Myra Roberts Treasurer | OfficerTrustee | 1 | $0 |
Lance Evan Rhodes President | OfficerTrustee | 10 | $0 |
Mallory Rhodes Director | Trustee | 1 | $0 |
Hal Langston Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $13,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,400 |
| Total Program Service Revenue | $0 |
| Investment income | $26 |
| 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 | $13,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,580 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,352 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264 |
| Fees for services: Accounting | $4,200 |
| 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 | $1,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,841 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,048 |
| 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 | $42,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,096 |
| Accounts payable and accrued expenses | $606 |
| 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 | $1,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,606 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $45,490 |
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