Sponsored By Grace Inc
- Assets
- $208.9k
- Revenue
- $500.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Jacksonville, FL
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 83-1421653
Organization Overview
Sponsored By Grace Inc is located in Jacksonville, FL. The organization was established in 2018. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Sponsored By Grace Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sponsored By Grace 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 12/2023, Sponsored By Grace Inc generated $500.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $671.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REALEASING CHILDREN FROM POEVERTY ACROSS AMERICA BY MEETING THEIR PHYSICAL NEEDS, SHARING THE GOSPEL, AND CONNECTING THEM WITH A LOCAL FAITH FAMILY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERMENT ACADEMY IS A WEEKLY MEETING WITH RESIDENTS AND CHILDREN TO ASSIST WITH EMERGENCY NEEDS. THIS COULD BE EARNING HIGH SCHOOL DIPLOMAS, EMPLOYMENT, HOUSING & UTILITY ASSISTANCE, RESUME BUILDING, AND LIFE SKILLS THAT WILL EMPOWER INDIVIDUALS TO ACHIEVE THEIR GOALS. THERE ARE INDIVIDUALS WHO WORK EVERYDAY THROUGH THE ACADEMY AND THEN MEET WEEKLY IN THE COMMUNITY
OTHER PROGRAMS LISTED ON SCHEDULE O LISTED AS OTHER
CHILD SPONSORSHIP IS A PROGRAM WHERE CHILDREN ARE IDENTIFIED IN THE COMMUNITY THAT ARE INVESTING IN A CHANGE. CHILDREN ARE PAIRED WITH A SPONSOR TO WALK ALONGSIDE THEM THROUGH LIFE, SCHOOL, ACTIVITIES, ETC. IT IS RELATIONSHIP BASED. THE SPONSOR PAYS $56.00 PER MONTH FOR THE CHILD THAT GOES TOWARD THEIR TRIPS, CLOTHES, FOOD AND EDUCATION. THERE ARE CURRENTLY TWENTY-SIX CHILDREN IN THE PROGRAM.
ENGAGING COMMUNITIES THROUGH HOSTING 5-8 EVENTS A YEAR IN THE COMMUNITY. THESE EVENTS INCLUDE EASTER, BACK TO SCHOOL, BIRTHDAY BASH, JUNETEENTH, IMPACT DAYS, FAMILY COOKOUTS, COMMUNITY BEAUTIFICATION. EACH EVENT WE AVERAGE 75-300 RESIDENTS OF THE COMMUNITY WHO ENGAGE IN EACH ACTIVITY OF THE EVENT. THESE EVENTS ARE RAN BY COMMUNITY ADOVCATES AND STAFFING OF THE ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Armstrong Director | OfficerTrustee | 45 | $75,000 |
Myra Leeper Board Members | Officer | 2 | $0 |
Laban Doyle Board Members | Officer | 2 | $0 |
Barry Case Board Members | Officer | 2 | $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 | $500,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,527 |
| Total Program Service Revenue | $0 |
| Investment income | $169 |
| 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 | $500,696 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,025 |
| 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 | $0 |
| Advertising and promotion | $19,443 |
| Office expenses | $15,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,339 |
| Travel | $8,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,383 |
| Interest | $107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,834 |
| All other expenses | $24,191 |
| Total functional expenses | $671,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,360 |
| Savings and temporary cash investments | $83,543 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,903 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $208,903 |
| Total liabilities and net assets/fund balances | $208,903 |