Grace Faith Mission Inc
- Assets
- $52.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 90-0863157
Organization Overview
Grace Faith Mission Inc is located in Milpitas, CA. The organization was established in 2013. According to its NTEE Classification (X20) the organization is classified as: Christianity, 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. Grace Faith Mission 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 12/2022, Grace Faith Mission Inc generated $185.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $180.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SEND AND SUPPORT CHRISTIAN MISSIONARIES AND THEIR MINISTRIES, TO PROMOTE THE NEEDS OF THE MISSION WORK, TO NETWORK WITH OTHER MISSIONARY ORGANIZATIONS AND CHURCHES, AND TO GIVE EDUCATIONAL SCHOLARSHIPS TO STUDENTS IN NEED.
Describe the Organization's Program Activity:
Part 3
CHIANG MAI, THAILAND - THESE FUNDS WERE USED TO BUILD THE LLC MISSION CENTER IN CHIANG MAI. THE BUILDING WAS FINISHED AND DEDICATED ON SEPTEMBER 22, 2018. THIS BUILDING IS USED FOR BIBLE SMALL GROUP TRAINING, FOR STUDENT ACTIVITIES, AND PROVIDES ACCOMMODATIONS FOR MISSIONARIES, TEACHERS AT THE STUDENT CENTER, AND FOR VISITORS.
THESE FUNDS WERE USED TO SUPPORT A MISSIONARY COUPLE IN LONDON, ENGLAND. THEIR MINISTRY IS REACHING OUT TO GRADUATE STUDENTS FROM ASIA. THEIR ACTIVITIES INCLUDE BIBLE STUDY, SMALL GROUP DISCUSSIONS, HAVING CULTURAL EXCHANGES, AND PROVIDING CARE AND SUPPORT TO HELP THE NEW STUDENTS ADJUST TO THEIR NEW ENVIRONMENT.
THESE FUNDS WERE USED TO SUPPORT A CHRISTIAN MISSIONARY IN CHINA AND TO TWO ORGANIZATIONS IN TAIWAN THAT PROVIDE EDUCATIONAL ASSISTANCE TO LOW-INCOME STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aleck Lee Chairman | 6 | $0 | |
Danny Ku Vice Chairman | 2 | $0 | |
Priscilla Chu Secretary | 2 | $0 | |
Ivan Chua Treasurer | 4 | $0 | |
Wai Ling Lee Board Member | 5 | $0 | |
Ivy Mak Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,985 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $184,985 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,577 |
| Total expenses | $180,727 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,648 |
| Other assets | $0 |
| Total assets | $52,648 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,648 |