Drops Of Grace Inc
- Assets
- $74.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Round Rock, TX
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 77-0721506
Organization Overview
Drops Of Grace Inc is located in Round Rock, TX. The organization was established in 2009. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drops Of Grace 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, Drops Of Grace Inc generated $40.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 5 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 |
|---|---|---|---|
Michael Bohmfalk President | 10 | $0 | |
Diane Bouchard VP - International, Malawi | 10 | $0 | |
Aaron Lancaster VP - International, Central America | 5 | $0 | |
William Grey VP - Domestic | 5 | $0 | |
Peggy Bixler Treasurer | 3 | $0 | |
Brenda Chambers Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,890 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,122 |
| Other Revenue | $0 |
| Total Revenue | $40,768 |
| 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 | $3,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $188 |
| Other expenses | $1,750 |
| Total expenses | $29,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,699 |
| Other assets | $0 |
| Total assets | $74,699 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,699 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Drops Of Grace Inc has recieved totaling $799.
| Awarding Organization | Amount |
|---|---|
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Relief Fund Amarillo, TX | $12,393,094 | $11,849,734 |
Focus Humanitarian Assistance U S A Sugar Land, TX | $10,443,894 | $8,688,144 |
A Glimmer Of Hope Foundation Austin, TX | $0 | $5,415,626 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
Building Everyones Success Together In West Africa Grand Prairie, TX | $91,189 | $6,476,422 |
Dasra Houston, TX | $12,585,856 | $13,108,623 |
Mountain On Mastersroad Inc Manvel, TX | $56,044 | $5,994,766 |
4africa Fort Worth, TX | $780,808 | $4,207,403 |
Orphan Outreach Plano, TX | $6,019,298 | $5,276,048 |
Mission Mutual Arlington, TX | $1,503,426 | $4,739,100 |
C U R E Compassionate Utilization Of Resources Fort Smith, AR | $336,014 | $3,893,166 |
International Emergency And Development Aid Ieda Relief Inc Houston, TX | $425,583 | $3,732,117 |