Gracewater is located in Yazoo City, MS. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gracewater 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 12/2022, Gracewater generated $180.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $258.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE THE WILL OF CHRIST SUPREME THROUGH THE USE OF WATER WELLS IN AFRICA.
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS
CONTRIBUTIONS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Cole Secretary | 1 | $0 | |
Roger Jones Director | 1 | $0 | |
Martha King Director | 1 | $0 | |
Virgil King Director | 1 | $0 | |
Richard Pickens Director | 1 | $0 | |
Nick King President | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,420 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $180,420 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $141,854 |
| Occupancy, rent, utilities, and maintenance | $31,601 |
| Printing, publications, postage, and shipping | $1,476 |
| Other expenses | $83,179 |
| Total expenses | $258,110 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,205 |
| Other assets | $0 |
| Total assets | $97,205 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,205 |