Valley Of Grace
- Assets
- $1.1m
- Revenue
- $411.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Kokomo, IN
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 82-1675363
Organization Overview
Valley Of Grace is located in Kokomo, IN. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Valley Of Grace employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Of Grace 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 12/2022, Valley Of Grace generated $411.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $340.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFERING FREEDOM FROM ADDICTION THROUGH CHRIST-CENTERED RECOVERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SERVICES TO 20 INDIVIDUALS ATTENDING INPATIENT ADDICTION RECOVERY PROGRAMS THROUGH THE VALLEY OF GRACE PROGRAM.
PROVIDED SERVICES TO 25 INDIVIDUALS THROUGH THE FAMILY/SPOUSE SUPPORT GROUP FOR THE VALLEY OF GRACE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Bennett Director | Trustee | 40 | $55,000 |
Darcy Bennett Director | Trustee | 40 | $52,600 |
Brian Collins President | OfficerTrustee | 1 | $0 |
Steve Taylor Vice President | OfficerTrustee | 1 | $0 |
Brandt Downing Treasurer | OfficerTrustee | 1 | $0 |
Ryan Butcher Secretary | OfficerTrustee | 1 | $0 |
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 | $342,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,477 |
| Total Program Service Revenue | $33,402 |
| Investment income | $391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,600 |
| Compensation of current officers, directors, key employees. | $37,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $268 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,577 |
| Office expenses | $32,953 |
| Information technology | $4,314 |
| Royalties | $0 |
| Occupancy | $48,783 |
| Travel | $2,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,738 |
| Insurance | $11,115 |
| All other expenses | $13,107 |
| Total functional expenses | $340,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,622 |
| Savings and temporary cash investments | $47,998 |
| 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 | $0 |
| Net Land, buildings, and equipment | $789,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,521 |
| Other assets | $0 |
| Total assets | $1,055,123 |
| Accounts payable and accrued expenses | $6,150 |
| 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 | $405,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $411,739 |
| Net assets without donor restrictions | $0 |
| 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 | $643,384 |
| Total liabilities and net assets/fund balances | $1,055,123 |