Daily Grace Foundation Inc
- Assets
- $312.0k
- Revenue
- $167.7k
- Investments
- $205.0k
- Employees
- 0
- Location
- Hanover, MD
- Founding
- Data as of
- 12/2023
- EIN
- 86-2774198
Organization Overview
Daily Grace Foundation Inc is located in Hanover, MD. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daily Grace Foundation 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 12/2023, Daily Grace Foundation Inc generated $167.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $5.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Daily Grace Foundation Inc has awarded 19 individual grants totaling $170,065. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Schmucker President | 0 | $0 | |
Kristin Damore Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $167,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $468 |
| Total operating and administrative expenses | $1,328 |
| Contributions, gifts, grants paid | $4,400 |
| Total expenses and disbursements | $5,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,327 |
| Savings and temporary cash investments | $2,726 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $204,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $312,013 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Daily Grace Foundation Inc has awarded $4,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE CHURCH PURPOSE: RELIGIOUS AND MISSIONARY EFFORTS | $1,000 |
ELIJAH RISING PURPOSE: TO CONTRIBUTE TOWARD ELIJAH RISING MISSION TO END SEX TRAFFICKING THROUGH PRAYER, AWARNESS, INTERVENTION, AND RESTORATION. | $200 |
HOUSTON PREGNANCY CENTER PURPOSE: GENERAL PURPOSE | $200 |
THE CHRISTIAN AND MISSIONARY ALLIANCE PURPOSE: RELIGIOUS AND MISSIONARY EFFORTS | $1,000 |
SECOND HOME SUPPORT PURPOSE: GENERAL PURPOSE | $1,000 |
SOLIDARITY MINISTRIES PURPOSE: GENERAL PURPOSE | $1,000 |