Abundant Grace Foundation
- Assets
- $166.2k
- Revenue
- $23.4k
- Investments
- $141.1k
- Employees
- 0
- Location
- Wimberley, TX
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-2281076
Organization Overview
Abundant Grace Foundation is located in Wimberley, TX. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abundant Grace Foundation 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, Abundant Grace Foundation generated $23.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.1% each year . All expenses for the organization totaled $53.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Abundant Grace Foundation has awarded 72 individual grants totaling $153,842. 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
GRANTS TO A UNIVERSITY FOR EDUCATIONAL PURPOSES INCLUDING TUITION, BOOKS AND SCHOOL SUPPLIES FOR AN INDIVIDUAL STUDENT
GRANTS FOR EMERGENCY HOME RENT AND UTILITY ASSISTANCE TO TWO INDIVIDUALS DUE TO COVID-19 VIRUS FINANCIAL CONDITIONS AND HEALTH REASONS
GRANTS TO TWENTY OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne A Davis President | 0 | $0 | |
Edward G Davis Jr Sec / Treas | 1 | $0 | |
Ashley Davis Director | 0 | $0 | |
Graham Davis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,827 |
| Interest on Savings | $3 |
| Dividends & Interest | $3,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,188 |
| Capital Gain Net Income | $16,188 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $158 |
| Contributions, gifts, grants paid | $53,699 |
| Total expenses and disbursements | $53,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,477 |
| Savings and temporary cash investments | $12,790 |
| 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 | $900 |
| Total assets | $166,242 |
| 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, Abundant Grace Foundation has awarded $53,699 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
EVELYN HERNANDEZ PURPOSE: UNIVERSITY EDUCATION | $2,855 |
SUSAN BAYSE PURPOSE: EMERGENCYMOVING EXPENSES | $2,000 |
BRIDGES TO LIFE PURPOSE: OPERATING EXPENSES | $9,232 |
ZOE EMPOWERS PURPOSE: OPERATIONS | $8,500 |
CYPRESS CREEK CHURCH PURPOSE: OPERATIONS & MISSIONS | $5,800 |
CHILD FUND INTERNATIONAL PURPOSE: OPERATIONS | $468 |