Graceworks Ministries Inc
- Assets
- $5.8m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Franklin, TN
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 62-1584204
Organization Overview
Graceworks Ministries Inc is located in Franklin, TN. The organization was established in 1995. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Graceworks Ministries Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graceworks Ministries 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 06/2022, Graceworks Ministries Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $8.1m during the year ending 06/2022. While expenses have increased by 12.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBOR SERVING NEIGHBOR, BY THE POWER OF GOD'S GRACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD - PROVIDING FOOD TO FAMILIES EXPERIENCING CRISIS OR POVERTY THROUGH FOUR ACCESS POINTS: A FOOD PANTRY, MOBILE FOOD PANTRIES, HOLIDAY FOOD BOXES, AND STUDENT FUEL BAGS AND CLASSROOM SNACK BOXES.
SHELTER - HELPING FAMILIES STAY IN THEIR HOMES WITH RENT PAYMENT ASSISTANCE AND UTILITY PAYMENT ASSISTANCE. ADDITIONALLY, PROVIDING ACCESS TO TEMPORARY SHELTER THROUGH HOTEL PAYMENTS AND PROVIDING HOUSEHOLD ITEMS SUCH AS FURNITURE AND AIR CONDITIONERS AND HEATERS.
SUPPORT - PROVIDING ACCESS TO ADDITIONAL RESOURCES INCLUDING FINANCIAL COACHING, TAX ASSISTANCE, CHRISTMAS GIFTS, MEDICAL SUPPLIES, NEWBORN SUPPLIES, TRANSPORTATION, GAS CARDS, COUNSELING REFERRALS, AND ACCESS TO OUR NETWORK OF PARTNERS WITH ADDITIONAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valencia Breckenridge Ceo/presiden | OfficerTrustee | 40 | $122,324 |
Tony Dunning Chairman | OfficerTrustee | 1 | $0 |
Michael Holley Director | OfficerTrustee | 1 | $0 |
Alison Watts Treasurer | OfficerTrustee | 1 | $0 |
Rodney Chester Vice Chair | OfficerTrustee | 1 | $0 |
Laura Mcwhorter Secretary | 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 | $7,113,492 |
| Noncash contributions included in lines 1a–1f | $4,507,949 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,113,492 |
| Total Program Service Revenue | $16,742 |
| Investment income | $32,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $656,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,278,164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,107,244 |
| 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. | $122,324 |
| Compensation of current officers, directors, key employees. | $24,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,443,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $323,052 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $46,070 |
| Advertising and promotion | $14,661 |
| Office expenses | $133,615 |
| Information technology | $139,567 |
| Royalties | $0 |
| Occupancy | $249,121 |
| Travel | $10,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,727 |
| Insurance | $33,820 |
| All other expenses | $10,700 |
| Total functional expenses | $8,071,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,924,382 |
| Savings and temporary cash investments | $184,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $874,111 |
| Prepaid expenses and deferred charges | $17,902 |
| Net Land, buildings, and equipment | $188,855 |
| Investments—publicly traded securities | $556,185 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,757,602 |
| Accounts payable and accrued expenses | $103,147 |
| Grants payable | $0 |
| Deferred revenue | $97,820 |
| 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 | $200,967 |
| Net assets without donor restrictions | $4,808,687 |
| Net assets with donor restrictions | $747,948 |
| 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 | $5,757,602 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Graceworks Ministries Inc has recieved totaling $5,400.
| Awarding Organization | Amount |
|---|---|
The Houghland Foundation Brentwood, TN PURPOSE: GENERAL PURPOSES | $5,000 |
Stan & Suzanne St Pierre Foundation Franklin, TN PURPOSE: DONATION FOR OPERATIONS | $400 |
Endowment Analysis
| Beg. Balance | $677,037 |
| Earnings | $60,953 |
| Ending Balance | $616,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Community Services League Of Jackson County Independence, MO | $10,715,608 | $18,545,815 |
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Blessings In A Backpack Inc Louisville, KY | $14,548,161 | $11,518,539 |
Missouri Valley Community Action Agency Marshall, MO | $8,413,322 | $11,809,512 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |