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. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.4%) 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 (18.2%) per year over the past 2 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 | |
Peggy Bixler Treasurer | 3 | $0 | |
William Grey VP - Domestic | 5 | $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 |