Grace Inspired Ministries
- Assets
- $5.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Telford, PA
- Founding
- 11/2017
- Data as of
- 06/2023
- EIN
- 81-4735423
Organization Overview
Grace Inspired Ministries, operating under the name Grace Inspired Living, is located in Telford, PA. The organization was established in 2017. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2023, Grace Inspired Living employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Inspired Living is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FORMED AS A PARENT COMPANY TO SUPPORT AFFILIATED NONPROFIT ENTITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE INSPIRED MINISTRIES, DBA GRACE INSPIRED LIVING, WAS FORMED AS A PARENT COMPANY TO SUPPORT AFFILIATED NONPROFIT ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick E Schea Chair | OfficerTrustee | 2 | $0 |
Thomas Rutter Vice Chair Jan 2023, Director | OfficerTrustee | 1 | $0 |
Fred Crouthamel Secretary | OfficerTrustee | 1 | $0 |
Michelle Kraynak Treasurer Jan 2023, Director | OfficerTrustee | 1 | $0 |
Ronald Hertzler Director Jan 2023, Vice Chair | OfficerTrustee | 2 | $0 |
William Cressman Director Jan 2023, Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berks Ridge Company Construction Services | 6/29/23 | $9,298,472 |
Johnson Controls Hvac And Building Maintenance Services | 6/29/23 | $1,738,740 |
Cura Hospitality Llc Food Services | 6/29/23 | $1,898,541 |
Chuck Hotter Construction And Painting Services | 6/29/23 | $900,643 |
It Landis & Son Contractor Services | 6/29/23 | $727,695 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,369,423 |
| Investment income | $8,253 |
| 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 | $4,393,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,314 |
| 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. | $709,573 |
| Compensation of current officers, directors, key employees. | $575,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,620,087 |
| Pension plan accruals and contributions | $48,556 |
| Other employee benefits | $111,048 |
| Payroll taxes | $222,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,399 |
| Fees for services: Accounting | $11,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,709 |
| Advertising and promotion | $65,818 |
| Office expenses | $36,383 |
| Information technology | $116,460 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,343,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,124 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $23,282 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,880,330 |
| Total assets | $5,242,736 |
| Accounts payable and accrued expenses | $3,680,729 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,000,000 |
| Total liabilities | $4,680,729 |
| Net assets without donor restrictions | $562,007 |
| Net assets with donor restrictions | $0 |
| 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 | $5,242,736 |