BETA

GRACE INSTITUTE INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
GRACE INSTITUTE INC (EIN 46-1747327)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-07-30
IRS object ID
201912119349301701
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-07-30T17:25:29-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DX Financial Solutions IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12021 Midwest Road Suite 200AddressLine1Txt
CityOak BrookCityNm
State AbbreviationILStateAbbreviationCd
ZIP60523ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461747327EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Grace InstituteBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGRACBusinessNameControlTxt
Phone9016036696PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12230 Howard RoadAddressLine1Txt
CityGermantownCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38138ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWill H SavellPersonNm
Person TitlePresidentPersonTitleTxt
Phone9016036696PhoneNum
Signature2019-05-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael A DayPreparerPersonNm
PTINP01608698PTIN
Phone8887831445PhoneNum
Preparation2019-07-30PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address199.116.115.145IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-07-30IPDt
IP Tm17:25:23IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id03BE21F084A525B7E1B8EAA4C80EE68716E55C68AtSubmissionCreationDeviceId
At Submission Filing Device Id03BE21F084A525B7E1B8EAA4C80EE68716E55C68AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerWill H SavellPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12230 Howard RoadAddressLine1Txt
CityGermantownCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38138ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$584,996GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.thegraceinstitute.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTo train, equip, and prepare pastors in under resourced areas of the world with theological education.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$1TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$306,138PYContributionsGrantsAmt
CY Contributions Grants$577,785CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1PYInvestmentIncomeAmt
CY Investment Income$7,210CYInvestmentIncomeAmt
CY Other Revenue$1CYOtherRevenueAmt
PY Total Revenue$306,139PYTotalRevenueAmt
CY Total Revenue$584,996CYTotalRevenueAmt
PY Grants And Similar Paid$100,438PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$116,264CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$132,093PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$158,933CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$25,871CYTotalFundraisingExpenseAmt
PY Other Expenses$55,900PYOtherExpensesAmt
CY Other Expenses$62,511CYOtherExpensesAmt
PY Total Expenses$288,431PYTotalExpensesAmt
CY Total Expenses$337,708CYTotalExpensesAmt
PY Revenues Less Expenses$17,708PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$247,288CYRevenuesLessExpensesAmt
Total Assets BOY$109,534TotalAssetsBOYAmt
Total Assets EOY$359,146TotalAssetsEOYAmt
Total Liabilities BOY$8,149TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,473TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$101,385NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$348,673NetAssetsOrFundBalancesEOYAmt
MissionTo train, equip, and prepare pastors in under resourced areas of the world with theological education.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$139,540ExpenseAmt
Grant$58,132GrantAmt
Revenue$0RevenueAmt
DescDelivery system- hundreds of pastors and church leaders in very rural areas receive theological training through donated technological delivery systems such as tablets, computers, projectors, etc.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$139,540ExpenseAmt
Grant$58,132GrantAmt
Revenue$0RevenueAmt
DescLearning conferences- The Grace Institute and ministry partners provide learning conferences to the pastors to help them understand how to better study and facilitate learning communities.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$279,080TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee4EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonWill SavellPersonNm
Phone9016036696PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12230 Howard RoadAddressLine1Txt
CityGermantownCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38138ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Will Savell
President40.00Yes (X)Yes (X)$78,100$0$0
Blake Dickens
Secretary1.00Yes (X)Yes (X)$0$0$0
Scot Sherwood
Board Member5.00Yes (X)$0$0$0
Zack Graham
Board Member1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$78,100TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$577,785AllOtherContributionsAmt
Total Contributions$577,785TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,210TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1TotalRevenueColumnAmt
Unrelated Business Revenue$1UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$584,996TotalRevenueColumnAmt
Related Or Exempt Func Income$7,210RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$58,934TotalAmt
Program Services$58,934ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$57,330TotalAmt
Program Services$57,330ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$139,100TotalAmt
Program Services$118,236ProgramServicesAmt
Management And General$10,432ManagementAndGeneralAmt
Fundraising$10,432FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$7,140TotalAmt
Program Services$0ProgramServicesAmt
Management And General$7,140ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,506TotalAmt
Program Services$1,280ProgramServicesAmt
Management And General$113ManagementAndGeneralAmt
Fundraising$113FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$11,187TotalAmt
Program Services$9,045ProgramServicesAmt
Management And General$1,344ManagementAndGeneralAmt
Fundraising$798FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$5,940TotalAmt
Program Services$0ProgramServicesAmt
Management And General$5,940ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,440TotalAmt
Program Services$0ProgramServicesAmt
Management And General$2,440ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,776TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$1,776FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$721TotalAmt
Program Services$173ProgramServicesAmt
Management And General$274ManagementAndGeneralAmt
Fundraising$274FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,028TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$1,028FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$27,621TotalAmt
Program Services$19,335ProgramServicesAmt
Management And General$1,381ManagementAndGeneralAmt
Fundraising$6,905FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$79TotalAmt
Program Services$79ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$321TotalAmt
Program Services$273ProgramServicesAmt
Management And General$24ManagementAndGeneralAmt
Fundraising$24FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,500ManagementAndGeneralAmt
Fundraising$500FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Sales tax$0$0$0$0
Equipment & Supplies$14,549$13,747$802$0
Payroll fees$112$91$13$8
Memberships & Dues$2,266$0$1,133$1,133

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,658TotalAmt
Program Services$557ProgramServicesAmt
Management And General$221ManagementAndGeneralAmt
Fundraising$2,880FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$337,708TotalAmt
Program Services$279,080ProgramServicesAmt
Management And General$32,757ManagementAndGeneralAmt
Fundraising$25,871FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$89,022BOYAmt
EOY$327,090EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$17,865BOYAmt
EOY$26,777EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$966BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$13,347LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,068LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,681BOYAmt
EOY$5,279EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$109,534BOYAmt
EOY$359,146EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,617BOYAmt
EOY$6,078EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,532BOYAmt
EOY$4,395EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,149BOYAmt
EOY$10,473EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$101,385BOYAmt
EOY$348,673EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$101,385BOYAmt
EOY$348,673EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$109,534BOYAmt
EOY$359,146EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$247,288ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Other Support Sum$0OtherSupportSumAmt

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$182,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$219,396CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$237,288CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$306,138CurrentTaxYearMinus1YearAmt
Current Tax Year$584,995CurrentTaxYearAmt
Total$1,530,138TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$182,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$219,396CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$237,288CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$306,138CurrentTaxYearMinus1YearAmt
Current Tax Year$584,995CurrentTaxYearAmt
Total$1,530,138TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$1,530,138PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1CurrentTaxYearMinus1YearAmt
Total$1TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$1,530,139TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,347OtherCostOrOtherBasisAmt
Depreciation$8,068DepreciationAmt
Book Value$5,279BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,279TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Health Insurance$0
Payroll Liabilities$4,395
FieldValueIRS element (for citing)
Total Liability$4,395TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$584,996TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$584,996RevenueSubtotalAmt
Total Revenue Per Form990$584,996TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$337,708TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$337,708ExpensesSubtotalAmt
Total Expenses Per Form990$337,708TotalExpensesPerForm990Amt

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Central America00Grants$9,768
South America01Program Services$12,351
Sub-Saharan Africa00Grants$8,380
South America00Grants$49,500
Sub-Saharan Africa00Program services$2,718
Middle East00Program services$40
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Total Office0TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$82,757SubtotalSpentAmt
Total Spent$82,757TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Sub-Saharan AfricaLearning Centers$22,080Electronic transfer
EuropeLearning centers$32,750Electronic transfer
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt I Line 2FormAndLineReferenceDesc
ExplanationUpon making grants to any foreign agency, a relationship is built between the staff of The Grace Institute and that agency. The agency must agree with the mission statement and purposes of The Grace Institute before work can begin. When work is begun to train pastors with theological education, regular visits are made to the agency in their country. Other forms of communication takes place regularly. The agency keeps records of students and physical equipment. They also keep records of the students progress. Photos and spreadsheets are kept. Photos of receipts are sent. At times, qualitative studies are created to see the progress of the students.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Global Outreach
74 Kings HywPontotocMS38863481256219$47,250Learning Centers
United World Mission
Regency Executive Park Dr Ste 430CharlotteNC28217566045867$9,768Learning Center
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePt I Line 2FormAndLineReferenceDesc
ExplanationThe Grace Institute uses a bookkeeper who organizes all incoming and outgoing monies to those who donate and who are recipients of the money. Each recipient who TGI grants money to reports back the use of the money through receipts, photos, and testimonials. Moreover, throughout the year, the President of TGI personally visits and is in regular communication with those receiving grants.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bEach board member is e-mailed a copy for review & comment.
Pt XIAdjustment for previous period - accumulated depreciation correction.
Form 990, Part IX, Line 24eMerchant Fees 2410. 0. 0. 2410.
Form 990, Part IX, Line 24eBusiness registration fees 221. 0. 221. 0.
Form 990, Part IX, Line 24eDonor Care 470. 0. 0. 470.
Form 990, Part IX, Line 24eResearch & Development 557. 557. 0. 0.

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