Grace Clinic Of Yadkin Valley
- Assets
- $523.3k
- Revenue
- $498.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Elkin, NC
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 76-0800084
Organization Overview
Grace Clinic Of Yadkin Valley is located in Elkin, NC. The organization was established in 2006. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Grace Clinic Of Yadkin Valley employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Clinic Of Yadkin Valley 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, Grace Clinic Of Yadkin Valley generated $498.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $341.7k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES FREE MEDICAL CARE TO LOW INCOME AND UNINSURED ADULTS THROUGH USE OF VOLUNTEER HEALTHCARE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE MEDICAL CARE TO TO LOW INCOME AND UNINSURED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Garing Board Member/secretary | OfficerTrustee | 1 | $0 |
Larry Irwin Board Member/vice Chairman | OfficerTrustee | 1 | $0 |
Cynthia Gonzalez Board Member/treasurer | OfficerTrustee | 1 | $0 |
Betty Taylor Executive Director | Officer | 40 | $0 |
Tami Sappenfield Board Member | Trustee | 1 | $0 |
Mike Swaim Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,093 |
| Related organizations | $0 |
| Government grants | $114,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,937 |
| Total Program Service Revenue | $27,615 |
| Investment income | $65 |
| 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 | $497,959 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,566 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $703 |
| Office expenses | $6,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,917 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,126 |
| Insurance | $6,328 |
| All other expenses | $0 |
| Total functional expenses | $341,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,613 |
| Accounts receivable, net | $1,953 |
| 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 | $241,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $523,268 |
| Accounts payable and accrued expenses | $5,605 |
| Grants payable | $0 |
| Deferred revenue | $32,954 |
| 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 | $0 |
| Total liabilities | $38,559 |
| Net assets without donor restrictions | $451,755 |
| Net assets with donor restrictions | $32,954 |
| 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 | $523,268 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Grace Clinic Of Yadkin Valley has recieved totaling $117,407.
| Awarding Organization | Amount |
|---|---|
North Carolina Association Of Free And Charitable Clinics Inc Winston Salem, NC PURPOSE: Increase avail of healthcare to uninsured of NC or CRF for COVID-19 related costs | $55,569 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $24,000 |
Heart To Heart International Inc Lenexa, KS PURPOSE: MEDICAL ASSISTANCE | $20,680 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 3 GRANT(S) FOR VARYING PURPOSES | $9,000 |
W Byron Wolfe Tri-County Charitable Foundation Inc Elkin, NC PURPOSE: PROVIDE HEALTH CARE | $8,016 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |
Lakeway Center Of The Handicapped Inc Morristown, TN | $5,691,574 | $10,737,798 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Prs Inc Oakton, VA | $7,358,160 | $12,734,897 |