Time Of Grace Ministry
- Assets
- $2.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Milwaukee, WI
- Founding
- 04/2001
- Data as of
- 12/2021
- EIN
- 31-1739040
Organization Overview
Time Of Grace Ministry is located in Milwaukee, WI. The organization was established in 2001. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2021, Time Of Grace Ministry employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Time Of Grace Ministry 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, Time Of Grace Ministry generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 3.0% 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
TIME OF GRACE IS FOR PEOPLE WHO WANT MORE GROWTH AND LESS STRUGGLE IN THEIR SPIRITUAL WALK. WE SHARE THE TRUTH OF GOD'S WORD SIMPLY AND CLEARLY THROUGH TELEVISION, PRINT, AND DIGITAL MEDIA THAT PEOPLE VIEW MILLIONS OF TIMES EACH MONTH. WE CONNECT PEOPLE TO GOD'S GRACE SO THEY KNOW THEY ARE LOVED AND FORGIVEN AND CAN START EXPERIENCING A JOY-FILLED LIFE NO MATTER WHAT CHALLENGES LIFE BRINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RELIGIOUS TELEVISION PROGRAMMING WHICH IS PRODUCED AND SUBSEQUENTLY BROADCAST ON LOCAL TELEVISION STATIONS AND SATELLITE NETWORKS AS WELL AS PRODUCING DIGITAL MEDIA AND PRINT RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Trotter Ceo/president | OfficerTrustee | 40 | $117,630 |
Mike Novotny Speaker | Trustee | 30 | $28,920 |
Ed Carow Treasurer-Executive Committee | OfficerTrustee | 1 | $0 |
Daryl Raabe Vice Ch-Executive Committee | OfficerTrustee | 1 | $0 |
Wendy Greenfield Secretary-Executive Committee | OfficerTrustee | 1 | $0 |
Justin Beck Chairman-Executive Committee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,124,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,124,584 |
| Total Program Service Revenue | $0 |
| Investment income | $12,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,732 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,128 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,176,400 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,331 |
| Compensation of current officers, directors, key employees. | $27,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $875,205 |
| Pension plan accruals and contributions | $29,917 |
| Other employee benefits | $129,533 |
| Payroll taxes | $76,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,678 |
| Fees for services: Other | $263,354 |
| Advertising and promotion | $424,114 |
| Office expenses | $364,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,233 |
| Travel | $29,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,996 |
| Interest | $2,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,003 |
| Insurance | $23,662 |
| All other expenses | $10,961 |
| Total functional expenses | $4,413,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,388,131 |
| Savings and temporary cash investments | $301,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $41,333 |
| Prepaid expenses and deferred charges | $48,087 |
| Net Land, buildings, and equipment | $79,201 |
| Investments—publicly traded securities | $167,003 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,383 |
| Total assets | $2,034,999 |
| Accounts payable and accrued expenses | $231,653 |
| 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 | $0 |
| Total liabilities | $231,653 |
| Net assets without donor restrictions | $1,803,346 |
| 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 | $2,034,999 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Time Of Grace Ministry has recieved totaling $187,047.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: RELIGION | $55,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $36,633 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $27,550 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: GENERAL SUPPORT | $26,633 |
Siebert Lutheran Foundation Inc Milwaukee, WI PURPOSE: BIBLE MOBILE APPLICATION | $16,135 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $14,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life Action Ministries Buchanan, MI | $13,761,466 | $20,860,658 |
Veap Inc Bloomington, MN | $8,119,973 | $16,891,199 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
St Francis Home Breckenridge, MN | $31,134,827 | $7,139,521 |