Grace Evangelistic Ministries Inc
- Assets
- $195.5k
- Revenue
- $450.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Brentwood, TN
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 62-1722288
Organization Overview
Grace Evangelistic Ministries Inc is located in Brentwood, TN. The organization was established in 1998. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Grace Evangelistic Ministries Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Evangelistic 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 12/2021, Grace Evangelistic Ministries Inc generated $450.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $414.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 7 years. 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
WE ARE A SEARCH AND RESCUE MISSION TEAM TO THE LOST AND HOPELESS; PROCLAIMING THE ACCURATE GOSPEL MESSAGE OF SALVATION BY FAITH ALONE IN CHRIST ALONE, TO ANY WHO WILL HEAR, TRAINING THEM TO TRAIN OTHERS LEAVING A LEGACY OF TRUTH THAT ENDURES FOR ALL ETERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE GOSPEL THROUGH THE PREACHING OF THE WORD AND THROUGH THE TRAINING OF OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Brunner Director | Trustee | 0 | $0 |
Moses Onwubiko President | OfficerTrustee | 40 | $54,223 |
Debby Hagar Director | Trustee | 0 | $0 |
Tim Rybacki Director | Trustee | 0 | $0 |
Karen Stark Secretary | Trustee | 0 | $0 |
Lee Smith Chariman | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,734 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,603 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,748 |
| Payroll taxes | $6,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,370 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,552 |
| Travel | $3,270 |
| 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 | $8,266 |
| Insurance | $4,355 |
| All other expenses | $0 |
| Total functional expenses | $414,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,324 |
| 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 | $37,153 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,493 |
| Accounts payable and accrued expenses | $11,720 |
| 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 | $11,720 |
| Net assets without donor restrictions | $174,004 |
| Net assets with donor restrictions | $9,769 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $183,773 |