Grace Evangelical Society Inc
- Assets
- $867.8k
- Revenue
- $645.8k
- Investments
- $519.0k
- Employees
- 4
- Location
- Corinth, TX
- Founding
- 05/1988
- Data as of
- 06/2021
- EIN
- 93-0937037
Organization Overview
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Wilkin Executive Director | OfficerTrustee | 40 | $91,000 |
Ken Yates Director | Trustee | 20 | $43,579 |
Brad Doskocil Chairman | OfficerTrustee | 0 | $0 |
Bernie Hunsucker Secretary/treasurer | OfficerTrustee | 0 | $0 |
Tony Taffar Director | Trustee | 0 | $0 |
Financial Statements
| 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 |
Grants Recieved
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Of Hope Austin, TX | $30,630,297 | $30,889,522 |
New Orleans Mission Inc New Orleans, LA | $5,963,143 | $11,588,055 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Village At Gleannloch Farms Inc Austin, TX | $0 | $0 |
City Of Faith Prison Ministries Monroe, LA | $6,013,159 | $9,077,995 |
Usatransform Southlake, TX | $4,678,487 | $10,648,450 |
Iglesia Bethel Ministries Inc San Antonio, TX | $9,077,539 | $1,090,041 |
Powerpoint Ministries Plano, TX | $1,308,223 | $5,704,956 |
Permanent Endowment Fund Of The Moody Memorial First United Method Galveston, TX | $123,313,594 | $19,045,257 |
Greater St Stephen Ministries New Orleans, LA | $35,746,422 | $4,835,716 |
Abundant Rain Ministries Inc Coweta, OK | $1,184,763 | $4,705,451 |
Reaching Souls International Inc Oklahoma City, OK | $9,096,171 | $6,014,810 |