Grace Evangelical Society Inc is located in Corinth, TX. The organization was established in 1988. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Grace Evangelical Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Evangelical Society 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 06/2021, Grace Evangelical Society Inc generated $645.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $587.5k during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROCLAIM AND PROMOTE THE FREE GIFT OF ETERNAL LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: MAGAZINE, JOURNAL, COMMENTARIES, BOOKS
ANNUAL CONFERENCE, REGIONAL CONFERENCES, SPEAKING ENGAGEMENTS, INTERNATIONAL TEACHING MINISTRY AT COLLEGES AND SEMINARIES, DAILY RADIO/PODCASTS, DAILY BLOGS, WEBSITE WITH FREE ARTICLES, YOUTUBE CHANNEL: REACHES HUNDREDS OF ATTENDEES, AND SEVERAL THOUSAND MORE THAT PURCHASE RECORDINGS, AND ARE TAUGHT BY THOSE WHO ATTENDED ABOUT THE TEACHINGS OF CHRIST.
PUBLICATIONS: MAGAZINE, JOURNAL, COMMENTARIES, BOOKS
ANNUAL CONFERENCE, REGIONAL CONFERENCES, SPEAKING ENGAGEMENTS, INTERNATIONAL TEACHING MINISTRY AT COLLEGES AND SEMINARIES, DAILY RADIO/PODCASTS, DAILY BLOGS, WEBSITE WITH FREE ARTICLES, YOUTUBE CHANNEL: REACHES HUNDREDS OF ATTENDEES, AND SEVERAL THOUSAND MORE THAT PURCHASE RECORDINGS, AND ARE TAUGHT BY THOSE WHO ATTENDED ABOUT THE TEACHINGS OF CHRIST.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bob Wilkin Executive Director | OfficerTrustee | 40 | $91,000 |
Ken Yates Director | Trustee | 20 | $43,579 |
Bernie Hunsucker Secretary/treasurer | OfficerTrustee | 0 | $0 |
Brad Doskocil Chairman | OfficerTrustee | 0 | $0 |
Tony Taffar Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $564,286 |
Investment income | $1,652 |
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 | $645,814 |
Statement of Expenses | |
---|---|
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. | $91,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $82,053 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $50,008 |
Payroll taxes | $17,043 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,866 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,905 |
Office expenses | $8,439 |
Information technology | $17,959 |
Royalties | $0 |
Occupancy | $21,314 |
Travel | $2,937 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,436 |
Interest | $169 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,353 |
All other expenses | $0 |
Total functional expenses | $587,467 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $216,966 |
Savings and temporary cash investments | $110,195 |
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 | $19,729 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $518,969 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,215 |
Total assets | $867,792 |
Accounts payable and accrued expenses | $0 |
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 | $5,070 |
Total liabilities | $5,070 |
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 |
Total liabilities and net assets/fund balances | $862,722 |
Over the last fiscal year, we have identified 2 grants that Grace Evangelical Society Inc has recieved totaling $64,307.
Awarding Organization | Amount |
---|---|
Caddock Foundation Inc Roseburg, OR PURPOSE: GENERAL USE | $64,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $307 |
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