Grace Bomb Company
- Assets
- $133.3k
- Revenue
- $347.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Davidsonville, MD
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-5197710
Organization Overview
Grace Bomb Company is located in Davidsonville, MD. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Bomb Company 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 06/2022, Grace Bomb Company generated $347.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $397.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INTENTIONAL ACTS OF LOVE MOTIVATED BY JESUS.
Describe the Organization's Program Activity:
INTENTIONAL ACTS OF LOVE MOTIVATED BY JESUS
INTENTIONAL ACTS OF LOVE MOTIVATED BY JESUS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Linnell President | Officer | 40 | $121,100 |
Tom Mccollum Treasurer | OfficerTrustee | 1 | $0 |
Brian Smith Vice Preside | OfficerTrustee | 1 | $0 |
Chad Sargent Member | Trustee | 1 | $0 |
Kristie Neidhardt Member | Trustee | 1 | $0 |
Aaron Weaver Member | Trustee | 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 | $343,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,989 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $347,023 |
| 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. | $121,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,713 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,929 |
| Payroll taxes | $17,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,063 |
| 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 | $18,387 |
| Office expenses | $21,690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300 |
| Travel | $28,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,784 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $505 |
| All other expenses | $0 |
| Total functional expenses | $397,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,299 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,299 |
| Accounts payable and accrued expenses | $275 |
| 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 | $0 |
| Total liabilities | $275 |
| Net assets without donor restrictions | $133,024 |
| 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 | $133,299 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Grace Bomb Company has recieved totaling $24,869.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,719 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,051 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Better Medicare Alliance Inc Washington, DC | $3,588,076 | $11,134,798 |
The Philanthropy Roundtable Inc Washington, DC | $16,718,572 | $10,468,910 |
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Philanthropy Network Greater Philadelphia Philadelphia, PA | $1,306,274 | $3,056,265 |