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GRACE INSTITUTE INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
GRACE INSTITUTE INC (EIN 46-1747327)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-12
IRS object ID
201511329349202426
Schema version
2014v5.0
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)
Return2015-05-12T13:33:46-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Michael Allen DayBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1425 E Lincoln AveAddressLine1Txt
CityGlendale HeightsCityNm
State AbbreviationILStateAbbreviationCd
ZIP60139ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

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 Line12323 Lansingwood DrAddressLine1Txt
CityGermantownCityNm
State AbbreviationTNStateAbbreviationCd
ZIP381395247ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWILLIAM SAVELLPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9016036696PhoneNum
Signature2015-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL A DAYPreparerPersonNm
Phone8887831445PhoneNum
Preparation2015-05-12PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Initial ReturnYes (X)InitialReturnInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website Addresswww.thegraceinstituteintl.comWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$182,321GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$182,321ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$0InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Total Revenue$182,321TotalRevenueAmt
Grants And Similar Amounts Paid$38,618GrantsAndSimilarAmountsPaidAmt
Salaries Other Comp Empl Bnft$76,642SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$21,290FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$922PrintingPublicationsPostageAmt
Other Expenses Total$44,857OtherExpensesTotalAmt
Total Expenses$182,329TotalExpensesAmt
Excess Or Deficit For Year-$8ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$67,483NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$67,475NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$40,197BOYAmt
EOY$65,413EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$31,417BOYAmt
EOY$8,270EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$71,614BOYAmt
EOY$73,683EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,131BOYAmt
EOY$6,208EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$67,483BOYAmt
EOY$67,475EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeReligious- Theological EducationPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmtForeign GrantsForeignGrantsInd
Delivery 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.$18,775$76,729
Learning 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$19,843$76,729Yes (X)
FieldValueIRS element (for citing)
Total Program Service Expenses$153,458TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (4 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmt
WILL SAVELL
President40.00$61,725$10,195
JOSH WARREN
Secretary1.00$0
SCOT SHERWOOD
Board Member5.00$0
ZACK GRAHAM
Board Member1.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Michael Allen DayBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1425 E Lincoln AveAddressLine1Txt
CityGlendale HeightsCityNm
State AbbreviationILStateAbbreviationCd
ZIP60139ZIPCd
FieldValueIRS element (for citing)
Phone8887831445PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$146,140CurrentTaxYearMinus1YearAmt
Current Tax Year$182,321CurrentTaxYearAmt
Total$328,461TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$146,140CurrentTaxYearMinus1YearAmt
Current Tax Year$182,321CurrentTaxYearAmt
Total$328,461TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$151,955SubstantialContributorsTotAmt
Public Support Total170$176,506PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$328,461TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind
Public Support CY1700PublicSupportCY170Pct
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990EZ, Part I, Line 10FOR CONFERENCES AND TRAVEL DONATION TO MISSIONARY AVIATION FELLOWSHIP NONE 10050. FOR TRAVEL AND CONFERENCES DONATION TO UNITED WORLD MISSION NONE 21000. TO SUPPORT INDIGENOUS MISSIONARY IN COSTA RICA DONATION TO SON MINISTRIES NONE 6500. FOOD, LODGING AND TRAVEL FOR LOCAL PASTORS. DONATION TO BREAKTHROUGH BIBLE INSTITUTE NONE 1068.
Form 990EZ, Part I, Line 16PROMOTIONAL 991. BANK FEES,SALES TAX AND OTHER COSTS 561. WEB SITE EXPENSES 484. CONFERENCE EXPENSES 227. TRAVEL 18211. MEALS & ENTERTAINMENT 3204. TABLETS 12430. SD CARDS 1938. HEADPHONES 288. GENERAL SUPPLIES 11. MERCHANT FEES 1789. SUBSCRIPTIONS-VIMEO, DROPBOX 159. EQUIPMENT & SUPPLIES 4564.
Form 990EZ, Part II, Line 24UNDEPOSITED FUNDS 31417. 8270.
Form 990EZ, Part II, Line 26VISA CREDIT CARD 3598. 5981. PAYROLL LIABILITIES 533. 227.

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