Tri-Grace Ministries Inc
- Assets
- $373.0k
- Revenue
- $467.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Ephraim, UT
- Founding
- 05/2007
- Data as of
- 06/2022
- EIN
- 56-2530387
Organization Overview
Tri-Grace Ministries Inc is located in Ephraim, UT. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Tri-Grace Ministries Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-Grace Ministries 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 06/2022, Tri-Grace Ministries Inc generated $467.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $409.9k during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE BELIEVERS WHO ARE GROUNDED IN BIBLICAL TRUTH AND WHO WILL MAKE A LASTING CONTRIBUTION TO THE KINGDOM OF GOD. WE ARE COMMITTED TO CHALLENGING HERETICAL DOCTRINES AND LEADING AS MANY UNBELIEVERS AS POSSIBLE INTO A PERSONAL SAVING RELATIONSHIP WITH JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EQUIPPING, DISCIPLING, TEACHING, AND TRAINING COLLEGE AND CAREER AGE STUDENTS AND THE CHRISTIAN CHURCH BODY AS A WHOLE TO BECOME EFFECTIVE EVANGELISTS AND FUTURE CHURCH LEADERS. THE ORGANIZATION HOSTS MULTIPLE COLLEGE AGE AND CHURCH MISSION TEAMS EACH YEAR FROM ALL OVER THE COUNTRY THROUGH WHICH WE SERVE THE PEOPLE OF UTAH IN A VARIETY OF WAYS.
MISCELLANEOUS UNALLOCATED EXPENSES
THE ORGANIZATION SERVES THOUSANDS OF PEOPLE EACH YEAR AT SNOW COLLEGE AND THE SANPETE COUNTY VALLEY BY HOSTING MANY NON-PROFIT ACTIVITIES. THESE INCLUDE THE OFFICIAL SNOW COLLEGE CHRISTIAN CLUB (OVER WHICH WE PROVIDE ADMINISTRATIVE OVERSIGHT) AND THROUGH ACTIVITIES SPONSORED THROUGH SOLID ROCK CAFE (WHICH SERVES BOTH SNOW COLLEGE AND THE LOCAL COMMUNITY)
THE ORGANIZATION CONDUCTS IN-DEPTH BIBLE TRAINING THROUGH THE TRI-GRACE MINISTRIES ISRAEL TOURS AND THE SOLID ROCK BIBLE MUSEUM. THESE TOURS ARE OPEN TO ANYONE INTERESTED IN BEING TRAINED IN-DEPTH ABOUT THE BIBLE AND THE ARCHEOLOGY THAT SUPPORTS IT. THE SOLID ROCK BIBLE MUSEUM IS AVAILABLE FREE OF ADMISSION CHARGE TO ANYONE INTERESTED IN VIEWING ANCIENT ARTIFACTS FROM THE HOLY LAND. TRI-GRACE MINISTRIES STAFF ARE AVAILABLE FOR MUSEUM TOURS 5 DAYS PER WEEK DURING SOLID ROCK CAFE OPEN HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Jones Associate Director | Officer | 40 | $78,404 |
Daniel Thompson Executive Director | OfficerTrustee | 40 | $75,234 |
Rodney Zedicher Trustee | Trustee | 0 | $0 |
Derrick Smothers Trustee | Trustee | 0 | $0 |
Amy Desai Secretary | OfficerTrustee | 0 | $0 |
Douglas Shepherd Trustee | Trustee | 0 | $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 | $360,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,620 |
| Total Program Service Revenue | $104,792 |
| 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 | $1,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,680 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,638 |
| Compensation of current officers, directors, key employees. | $53,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,194 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,538 |
| Payroll taxes | $3,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,051 |
| Office expenses | $4,387 |
| Information technology | $9,886 |
| Royalties | $0 |
| Occupancy | $20,901 |
| Travel | $8,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,688 |
| Insurance | $2,320 |
| All other expenses | $3,690 |
| Total functional expenses | $409,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,493 |
| 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 | $10,056 |
| Net Land, buildings, and equipment | $133,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,784 |
| Total assets | $373,021 |
| Accounts payable and accrued expenses | $582 |
| 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 | $11,525 |
| Total liabilities | $12,107 |
| Net assets without donor restrictions | $319,387 |
| Net assets with donor restrictions | $41,527 |
| 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 | $373,021 |