Chains Of Grace Inc
- Assets
- $688.0k
- Revenue
- $115.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Midlothian, TX
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 47-4859287
Organization Overview
Chains Of Grace Inc is located in Midlothian, TX. The organization was established in 2015. According to its NTEE Classification (I43) the organization is classified as: Inmate Support, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Chains Of Grace Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chains Of 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, Chains Of Grace Inc generated $115.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $140.6k during the year ending 12/2023. 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 PROVIDE RESOURCES AND SUPPORT TO CURRENT AND FORMER PRISON INMATES, WHICH INCLUDES, BUT NOT LIMITED TO, PROVIDING CARE PACKAGES AND FUNDS TO PRISON INMATES AND THEIR FAMILIES, ASSISTANCE WITH JOB LOCATION AND PLACEMENT FOR FORMER PRISON INMATES, AND ESTABLISHMENT OF GROUP HOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITION SUPPORT: PROVIDE TRANSITIONAL HOUSING; INCLUDING ALL UTILITIES, LINENS AND INITIAL SUPPLY OF FOOD AND CLOTHING, JOB-RELATED SUPPORT AND TRANSPORTATION FOR THOSE RECENTLY RELEASED FROM PRISON.
INMATE SUPPORT: PROVIDE LITERATURE AND MESSAGES TO INDIVIDUALS WHO ARE INCARERATED AS WELL AS SUPPORT AND GUIDANCE FOR INDIVIDUALS SEEKING HOUSING IN ORDER TO QUALIFY FOR PAROLE. THE CHRISTMAS CELEBRATION IS AN ANNUAL EVENT TO CELEBRATE THE ADVENT OF CHRIST WITH PERSONS WHO HAVE BEEN WITH OUR MINISTRY AS PAROLEES FOR ANY PART OF THE YEAR. MEALS AND CHRISTMAS GIFTS OF CLOTHING AND BIBLES ARE PROVIDED. THE SUCCESS CELEBRATION IS AN ANNUAL EVENT PUT ON BY THE COUNTY PARTNERSHIP COUNCIL OF TARRANT COUNTY, INTENDED TO HONOR MEN AND WOMEN WHO HAVE LIVED OUT THEIR PAROLE SUCCESSFULLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Davis Executive Director | Officer | 40 | $56,700 |
Curtis Coomes Board Member | Trustee | 5 | $0 |
Roger Sikes Board Member | Trustee | 5 | $0 |
Joshua Mcspadden Board Member | Trustee | 5 | $0 |
Jonathan Ott Board Member | Trustee | 5 | $0 |
John Walsh Board Member | Trustee | 5 | $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 | $27,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,795 |
| Total Program Service Revenue | $87,543 |
| Investment income | $0 |
| 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 | $115,338 |
| 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. | $56,700 |
| Compensation of current officers, directors, key employees. | $56,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,101 |
| Advertising and promotion | $2,196 |
| Office expenses | $740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,365 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,139 |
| Insurance | $2,615 |
| All other expenses | $6,701 |
| Total functional expenses | $140,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,006 |
| Savings and temporary cash investments | $0 |
| 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 | $441,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,120 |
| Other assets | $1,172 |
| Total assets | $687,952 |
| Accounts payable and accrued expenses | $0 |
| 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 | $194,885 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,185 |
| Total liabilities | $196,070 |
| Net assets without donor restrictions | $0 |
| 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 | $491,882 |
| Total liabilities and net assets/fund balances | $687,952 |