Grace Center Foundation Inc
- Assets
- $516.8k
- Revenue
- $988.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-4510552
Organization Overview
Grace Center Foundation Inc is located in Naples, FL. The organization was established in 2007. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Center 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 12/2021, Grace Center Foundation Inc generated $988.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $715.1k during the year ending 12/2021. While expenses have increased by 14.5% 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
TO SEEK TO SAVE THE LIVES OF CHILDREN AND THEIR FAMILIES IN ETHIOPIA THROUGH AN INTEGRATED, HOLISTIC APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FINANCIAL ASSISTANCE TO GRACE CENTER FOR CHILDREN AND FAMILIES IN BAHIR DAR, ETHIOPIA HAS FUNDED THEIR PROGRAMS TO MEET THE SPIRITUAL, PSYCHOLOGICAL AND PHYSICAL NEEDS OF THOUSANDS OF IMPOVERISHED CHILDREN AND FAMILIES. THREE PARTICULAR EMPHASES FOR 2021 WERE: 1.BECAUSE OF THE CIVIL WAR IN ETHIOPIA, EMERGENCY RESOURCES WERE UTILIZED TO MEET THE NEEDS OF HUNDREDS OF REFUGEES. TWO HUNDRED MATTRESSES AND TWO HUNDRED BLANKETS WERE GIVEN OUT. FOOD WAS PROVIDED FOR HUNDREDS OF FAMILIES FOR MANY MONTHS. 60 REFUGEE YOUNG BOYS WERE TAKEN IN AS FOSTER CHILDREN BECAUSE THEIR FAMILIES SENT THEM AWAY TO BE PROTECTED FROM BECOMING HUMAN SHIELDS AND SUICIDE BOMBERS. THESE BOYS WERE GIVEN A SAFE HOME, FOSTER PARENTS, FOOD, CLOTHING, EDUCATION, SPIRITUAL DIRECTION AND COUNSELING. AFTER THE VIOLENCE SUBSIDED, GRACE CENTER BROUGHT MANY OF THEM BACK TO THEIR FAMILIES, MANY MILES AWAY. 2.CONTINUED FUNDING OF EMERGENCY HELP AS A RESULT OF COVID RESTRICTIONS THAT KEPT PEOPLE FROM WORKING AND ALSO BECAUSE OF THE GREAT INCREASE IN THE COST OF FOOD AND SUPPLIES. GCCF PROVIDED ADDITIONAL FOOD AND SUPPLIES FOR HUNDREDS OF CHILDREN AND FAMILIES IN THE COMMUNITY ON A WEEKLY BASIS, AS WELL AS PROVIDING THESE SERVICES TO ALL GCCF EMPLOYEES. 3.FUNDING FOR DRILLING OF A DEEP WELL THAT MADE IT POSSIBLE FOR ALL AT GRACE CENTER TO HAVE ACCESS TO FRESH WATER AND THEN GRACE CENTER OPENED IT UP TO THE LARGER COMMUNITY. ACCESS TO CLEAN WATER IS A MAJOR ISSUE THROUGHOUT ETHIOPIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcie Erickson Executive Di | Officer | 40 | $49,600 |
Rosemary Erickson Secretary | OfficerTrustee | 5 | $0 |
Debbie Graham Chair | OfficerTrustee | 2 | $0 |
Josh Hentges President | OfficerTrustee | 2 | $0 |
Deanna Myers Recording Se | OfficerTrustee | 2 | $0 |
Michelle Robinson Treasurer | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,875 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $820,163 |
| Noncash contributions included in lines 1a–1f | $24,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,005,038 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,566 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $606,241 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,980 |
| Advertising and promotion | $0 |
| Office expenses | $6,772 |
| Information technology | $6,473 |
| Royalties | $0 |
| Occupancy | $1,200 |
| Travel | $10,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,272 |
| All other expenses | $55,429 |
| Total functional expenses | $715,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,780 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,780 |
| 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 | $1,932 |
| Total liabilities | $1,932 |
| Net assets without donor restrictions | $514,848 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $516,780 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Grace Center Foundation Inc has recieved totaling $193,119.
| Awarding Organization | Amount |
|---|---|
Adams Family Foundation Naples, FL PURPOSE: FOR MISSION SUPPORT | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $27,500 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $22,500 |
James F Causley Jr Family Foundation Harrison Twp, MI PURPOSE: GENERAL FUND | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $18,500 |
Bordas Family Foundation Ltd Wheeling, WV PURPOSE: TO PROVIDE ASSISTANCE TO FAMILIES AND INDIVIDUALS IN NEED. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gsma Mobile For Development Foundation Inc Atlanta, GA | $8,779,142 | $24,580,259 |
Medshare International Decatur, GA | $29,183,563 | $28,819,803 |
American Nicaraguan Foundation Inc Miami, FL | $7,615,925 | $10,644,031 |
Rafiki Foundation Incorporated Eustis, FL | $23,488,735 | $10,619,159 |
Management Technologies International Inc Newnan, GA | $8,681,139 | $7,735,276 |
Africas Childrens Fund Inc Atlanta, GA | $1,359,595 | $6,304,288 |
Clean The World Foundation Inc Orlando, FL | $2,032,726 | $4,992,352 |
Project Medishare For Haiti Inc Miami, FL | $1,397,572 | $3,198,205 |
Educate Tomorrow Corp Miami Beach, FL | $557,417 | $2,783,703 |
Alfalit International Inc Doral, FL | $2,037,068 | $2,969,351 |
Hoi Inc Alpharetta, GA | $4,552,861 | $2,154,155 |
Childspring International Inc Atlanta, GA | $309,716 | $1,626,503 |