Valley Of Grace
- Assets
- $995.0k
- Revenue
- $275.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Kokomo, IN
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 82-1675363
Organization Overview
Valley Of Grace is located in Kokomo, IN. The organization was established in 2017. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Valley Of Grace employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Of Grace 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, Valley Of Grace generated $275.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $181.2k during the year ending 12/2021. 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
OFFERING FREEDOM FROM ADDICTION THROUGH CHRIST-CENTERED RECOVERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED 5 INDIVIDUALS ATTENDING INPATIENT ADDICTION RECOVERY PROGRAMS AT HOME OF GRACE
PURCHASED LAND AND BUILDINGS AND EXPECT TO START OPERATIONS IN 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Bennett President | Officer | 40 | $56,058 |
Darcy Bennett Director | Trustee | 20 | $23,365 |
Ryan Butcher Secretary | Officer | 1 | $0 |
Brandt Downing Treasurer | Officer | 1 | $0 |
Brian Collins Vice President | Officer | 1 | $0 |
Steve Taylor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,564 |
| Total Program Service Revenue | $0 |
| Investment income | $897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,679 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $275,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,423 |
| Compensation of current officers, directors, key employees. | $71,423 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,076 |
| 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 | $2,386 |
| Advertising and promotion | $2,262 |
| Office expenses | $16,144 |
| Information technology | $1,662 |
| Royalties | $0 |
| Occupancy | $34,276 |
| Travel | $3,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $838 |
| Interest | $19,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,128 |
| Insurance | $6,822 |
| All other expenses | $0 |
| Total functional expenses | $181,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,143 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $782,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,521 |
| Other assets | $0 |
| Total assets | $995,030 |
| Accounts payable and accrued expenses | $2,159 |
| 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 | $420,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $422,469 |
| Net assets without donor restrictions | $0 |
| 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 | $572,561 |
| Total liabilities and net assets/fund balances | $995,030 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Valley Of Grace has recieved totaling $51,708.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $21,708 |
Roman Catholic Foundation Of Eastern Missouri St Louis, MO PURPOSE: DONOR RECOMMENDED GRANTS | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $10,000 |
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|---|---|---|
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Bill Winston Ministries Forest Park, IL | $6,676,875 | $15,498,938 |
Breakthrough Urban Ministries Inc Chicago, IL | $9,536,563 | $12,933,979 |
Haven Of Our Lady Of Peace Inc St Louis, MO | $8,612,583 | $10,375,484 |
Christian Buehler Memorial Peoria, IL | $194,168,877 | $24,390,628 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |