Grace Resources
- Assets
- $8.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 62-1799720
Organization Overview
Grace Resources is located in Brentwood, TN. The organization was established in 2000. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Grace Resources 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 12/2023, Grace Resources generated $74.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $75.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Richard D George President | 55 | $53,000 | |
Gail M George Secretary | 15 | $0 | |
Dr Robert And Mrs Janice Hodum Board Of Directors | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,889 |
| Total Program Service Revenue | $27,624 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $13,169 |
| Salaries, other compensation, and employee benefits | $53,000 |
| Professional fees and other payments to independent contractors | $460 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $190 |
| Other expenses | $8,478 |
| Total expenses | $75,297 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,425 |
| Other assets | $0 |
| Total assets | $8,526 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,526 |