Grace Evangelistic Ministries Inc is located in Brentwood, TN. The organization was established in 1998. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Grace Evangelistic Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Evangelistic 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 12/2020, Grace Evangelistic Ministries Inc generated $417.3k 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 (6.0%) each year. All expenses for the organization totaled $421.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A SEARCH AND RESCUE MISSION TEAM TO THE LOST AND HOPELESS; PROCLAIMING THE ACCURATE GOSPEL MESSAGE OF SALVATION BY FAITH ALONE IN CHRIST ALONE, TO ANY WHO WILL HEAR, TRAINING THEM TO TRAIN OTHERS LEAVING A LEGACY OF TRUTH THAT ENDURES FOR ALL ETERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE GOSPEL THROUGH THE PREACHING OF THE WORD AND THROUGH THE TRAINING OF OTHERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Moses Onwubiko President | OfficerTrustee | 40 | $53,000 |
Bob Smith Director | Trustee | 0 | $0 |
Wallace Mosby Director | Trustee | 0 | $0 |
Linda Monroe Director | Trustee | 0 | $0 |
Debby Hagar Director | Trustee | 0 | $0 |
Lee Smith Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $417,261 |
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 | $417,261 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $29,436 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $131,914 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $82,039 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $16,742 |
Payroll taxes | $6,340 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,321 |
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 | $28,299 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $76,676 |
Travel | $1,484 |
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 | $1,859 |
Insurance | $2,040 |
All other expenses | $0 |
Total functional expenses | $421,907 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,262 |
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 | $29,028 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $157,627 |
Accounts payable and accrued expenses | $8,762 |
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 | $1,800 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $10,562 |
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 |
Total liabilities and net assets/fund balances | $147,065 |
Over the last fiscal year, we have identified 1 grants that Grace Evangelistic Ministries Inc has recieved totaling $148,138.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $148,138 |
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