Gospel Of Grace Ministries Inc
- Assets
- $476.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Derby, KS
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 71-0900262
Organization Overview
Gospel Of Grace Ministries Inc is located in Derby, KS. The organization was established in 2002. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gospel Of 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 12/2021, Gospel Of Grace Ministries Inc generated $79.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $29.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Hopkins President/ceo | 22 | $0 | |
Debbie Norman Vp/sec-Treasurer/director | 25 | $0 | |
Sid Nattier Vp/director | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,492 |
| Total Program Service Revenue | $10,898 |
| Membership dues | $0 |
| Investment income | $10,703 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $79,093 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $410 |
| Occupancy, rent, utilities, and maintenance | $13,387 |
| Printing, publications, postage, and shipping | $45 |
| Other expenses | $15,698 |
| Total expenses | $29,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,057 |
| Other assets | $0 |
| Total assets | $476,236 |
| Total liabilities | $93,438 |
| Net assets or fund balances | $382,798 |
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