Embrace Grace Inc
- Assets
- $4.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 35
- Location
- Hurst, TX
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-5202711
Organization Overview
Embrace Grace Inc is located in Hurst, TX. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Embrace Grace Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embrace 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 12/2023, Embrace Grace Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 26.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND EQUIP THE CHURCH TO PROVIDE SPIRITUAL, EMOTIONAL AND PHYSICAL SUPPORT TO SINGLE AND PREGNANT GIRLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES AND CELEBRATION EVENTSCLASSES, BABY SHOWERS AND OTHER EVENTS WERE PROVIDED TO BRING EMOTIONAL HEALING TO THE GIRLS AND TO PREPARE THEM FOR MOTHERHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Ford Board Member | Trustee | 40 | $199,881 |
Bob Bollinger Board Member | Trustee | 2 | $0 |
Eric Fellman Board Member | Trustee | 2 | $0 |
Tiffany Wheeless Secretary | OfficerTrustee | 2 | $0 |
Chris Capehart Chairman | OfficerTrustee | 2 | $0 |
Brent Pennington Treasurer | OfficerTrustee | 2 | $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 | $2,934,765 |
| Noncash contributions included in lines 1a–1f | $21,199 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,934,765 |
| Total Program Service Revenue | $0 |
| Investment income | $14,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $327,212 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $119,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,406,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,905 |
| Grants and other assistance to domestic individuals. | $4,612 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,881 |
| Compensation of current officers, directors, key employees. | $19,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,199,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,766 |
| Payroll taxes | $104,779 |
| Fees for services: Management | $25,020 |
| Fees for services: Legal | $7,332 |
| Fees for services: Accounting | $95,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,743 |
| Advertising and promotion | $111,813 |
| Office expenses | $76,075 |
| Information technology | $115,015 |
| Royalties | $0 |
| Occupancy | $205,218 |
| Travel | $26,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,089 |
| Insurance | $190,372 |
| All other expenses | $24,245 |
| Total functional expenses | $3,197,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,636 |
| Savings and temporary cash investments | $1,861,015 |
| 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 | $91,258 |
| Prepaid expenses and deferred charges | $25,014 |
| Net Land, buildings, and equipment | $403,025 |
| Investments—publicly traded securities | $694,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,094,094 |
| Other assets | $294,291 |
| Total assets | $4,761,772 |
| Accounts payable and accrued expenses | $29,192 |
| 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 | $297,832 |
| Total liabilities | $327,024 |
| Net assets without donor restrictions | $4,434,748 |
| 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 | $4,761,772 |