Common Grace Ministries Inc
- Assets
- $528.4k
- Revenue
- $44.8k
- Investments
- $522.0k
- Employees
- 0
- Location
- Garland, TX
- Founding
- 01/1999
- Data as of
- 12/2023
- EIN
- 75-2727006
Organization Overview
Common Grace Ministries Inc is located in Garland, TX. The organization was established in 1999. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common 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 12/2023, Common Grace Ministries Inc generated $44.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMON GRACE MINISTRY SUPPORT FUND PROVIDES SUPPORT TO OTHER NONPROFIT ORGANIZATIONS OR INDIVIDUALS, MISSIONARIES, PASTORS, ETC. WHO ARE ACTIVELY INVOLVED IN THE MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Hironaga Executive Dir. | 40 | $26,256 | |
Dr Pam Okada Board Member | 0.5 | $0 | |
Mr Mark Okada Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,801 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,256 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,020 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,140 |
| Printing and publications | $646 |
| Other expenses | $19,226 |
| Total operating and administrative expenses | $53,364 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $53,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,383 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $528,383 |
| Accounts payable and accrued expenses | $3,170 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,170 |