Grindstone Ministries Inc
- Assets
- $412.6k
- Revenue
- $477.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Spiro, OK
- Founding
- Data as of
- 12/2021
- EIN
- 84-2335858
Organization Overview
Grindstone Ministries Inc is located in Spiro, OK. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grindstone 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, Grindstone Ministries Inc generated $477.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $167.4k 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
HUMANITARIAN AND DISASTER RELIEF
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION HELPED FUND OTHER 501 (C)(3) ORGANIZATIONS TO ASSIST THEM IN FULFILLING THEIR EXEMPT PURPOSES.
DURING THE YEAR OF 2021 THIS ORGANIZATION HAS PARTICIAPATED IN THE FOLLOWING HUMANITARIAN & DISASTER RELIEF ACTIONS:1. CONSTRUCTING FENCING FOR THE COOKSON HILLS, OKLA. PROJECT. THIS IS A RESIDENTIAL HOME, SCHOOL, AND THERAPY FACILIITY FOR AT-RISK KIDS.2. PROVIDED DISASTER RELIEF IN DULAC, LA. FOLLOWING HURRICANE IDA. 3. PROVIDED DISASTER RELIEF IN BENTON, KY. FOLLOWING THE MASSIVE TORNADO EVENT OF DEC. 10,2021. 4. ORGANIZED AND SPONSORED THE ANNUAL MENS AND WOMENS RETREAT CONFERNCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Giles Secretary | OfficerTrustee | 0 | $0 |
Harmony Williams Vice President | OfficerTrustee | 0 | $0 |
Theodore J Morris President | OfficerTrustee | 0 | $0 |
Joseph Fox Directortrustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $468,709 |
| Membership dues | $0 |
| Fundraising events | $18,255 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,964 |
| Total Program Service Revenue | $0 |
| 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 | -$16,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,920 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $477,718 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,506 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $28,000 |
| 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 | $0 |
| Advertising and promotion | $300 |
| Office expenses | $12,655 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,473 |
| 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 | $4,634 |
| Insurance | $1,174 |
| All other expenses | $0 |
| Total functional expenses | $167,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104 |
| 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 | $245,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,588 |
| Accounts payable and accrued expenses | $148 |
| 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 | $148 |
| 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 | $412,440 |
| Total liabilities and net assets/fund balances | $412,588 |
Grants Awarded
Over the last fiscal year, Grindstone Ministries Inc has awarded $63,716 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas, OK PURPOSE: CONSTRUCTION OF FENCING & OTHER NEEDS | $51,357 |
Las Vegas, NV PURPOSE: TO ASSIST WITH THEIR DESIGNATED PURPOSE | $10,809 |
Los Altos, CA PURPOSE: DISASTER RELIEF | $1,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soldiers Angels San Antonio, TX | $6,150,369 | $35,149,101 |
Keller Williams Realty Cares Austin, TX | $19,707,329 | $6,197,000 |
Austin Disaster Relief Network Austin, TX | $6,149,250 | $10,124,383 |
Disaster Services Corporation - Society Of St Vincent De Paul Usa Irving, TX | $1,679,476 | $4,397,385 |
Oklahoma Council Of Public Affairs Inc Oklahoma City, OK | $5,389,386 | $3,957,875 |
Texas Pharmacy Association Austin, TX | $4,115,676 | $2,489,721 |
Houston Responds Houston, TX | $442,422 | $1,237,331 |
The Restoration Team Houston, TX | $466,672 | $1,084,998 |
Coastal Bend Disaster Recovery Group Sinton, TX | $204,950 | $1,107,502 |
Dfacares Foundation Kansas City, KS | $758,347 | $877,214 |
West Street Recovery Houston, TX | $349,626 | $1,043,567 |
New York Says Thank You Foundation Colorado Springs, CO | $375,097 | $118,545 |