Gifts And Grace Inc
- Assets
- $1.7m
- Revenue
- $9.6k
- Investments
- $1.6m
- Employees
- 0
- Location
- Trussville, AL
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-3195749
Organization Overview
Gifts And Grace Inc is located in Trussville, AL. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Gifts And Grace 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, Gifts And Grace Inc generated $9.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.9%) each year. All expenses for the organization totaled $113.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Gifts And Grace Inc has awarded 64 individual grants totaling $494,800. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE
SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles K Mcpherson Jr Vice President | 0 | $0 | |
Charles K Mcpherson Sr President/sec./treas. | 0 | $0 | |
Debbie Clowdus Director | 0 | $0 | |
John T Mcpherson Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,968 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$38,866 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,517 |
| Total Revenue | $9,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,044 |
| Contributions, gifts, grants paid | $98,000 |
| Total expenses and disbursements | $113,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,515 |
| Savings and temporary cash investments | $33,160 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,666,785 |
| 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, Gifts And Grace Inc has awarded $98,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ATEAM MINISTRIES - HEART 2 HEART GALA PURPOSE: TO OFFER SPIRITUAL, EMOTIONAL, AND FINANCIAL SUPPORT TO CHILDREN AND THEIR FAMILIES WITHIN THE PEDIATRIC CANCER COMMUNITY | $2,000 |
BIG OAK RANCH PURPOSE: CONTRIBUTIONS TO A CHRISTIAN HOME FOR CHILDREN NEEDING A CHANCE | $3,000 |
CAHABA RIVER SOCIETY PURPOSE: TO RESTORE AND PROTECT THE CAHABA RIVER WATERSHED AND IT RICH DIVERSITY OF LIFE | $2,000 |
BOY SCOUTS OF AMERICA PURPOSE: TO PREPARE YOUNG PEOPLE TO MAKE ETHICAL AND MORAL CHOICES OVER THEIR LIFETIMES BY INSTILLING IN THEM THE VALUES OF THE SCOUT OATH AND LAW | $5,000 |
GREATER BIRMINGHAM HUMANE SOCIETY PURPOSE: TO PROMOTE THE HUMANE TREATMENT OF PEOPLE AND ANIMALS THROUGH EDUCATION, ADVOCACY AND SERVICES. | $65,000 |
CHILDREN'S HOSPITAL OF ALABAMA PURPOSE: TO SUPPORT THE ACTIVITIES AND MISSION OF THE CHILDREN'S HOSPITAL OF ALABAMA (CHA) | $5,000 |