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Nonprofiteer
← GRACEBOUND INC

Form 990 for tax year 2023

Filed by GRACEBOUND INC.

Totals

Total revenue
$327,238
Total expenses
$295,754
Contributions and grants received
$303,243
Grants paid
$0
Program service revenue
$23,550
Investment income
$0
Other revenue
$445
Total assets, end of year
$132,444
Total liabilities, end of year
$80,334
Net assets or fund balances, end of year
$52,110
Program services expenses (Part IX)
$211,315
Management and general expenses
$74,184
Fundraising expenses
$10,255
Program service expenses (Part III)
$238,839

Program services were 71.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $23,000

  • 1e · Government grants (contributions)

    $260,567

  • 1f · All other contributions, gifts and grants

    $19,676

  • 2a · Program service revenue: Non profit Thrift Store

    total $23,550 · related or exempt $23,550

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: utilities sharing

    total $445 · related or exempt $445

  • 11e · Other revenue, total

    $445

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $32,040 · management and general $32,040

  • 7 · Other salaries and wages

    total $126,844 · program services $126,844

  • 9 · Other employee benefits

    total $13,006 · program services $11,331 · management and general $1,675

  • 10 · Payroll taxes

    total $12,155 · program services $9,704 · management and general $2,451

  • 12 · Advertising and promotion

    total $168 · management and general $168

  • 13 · Office expenses

    total $2,527 · program services $2,159 · management and general $368

  • 17 · Travel

    total $10,939 · program services $10,939

  • 21 · Payments to affiliates

    total $12,000 · management and general $12,000

  • 22 · Depreciation, depletion and amortization

    total $1,971 · management and general $1,971

  • 23 · Insurance

    total $8,656 · program services $3,336 · management and general $5,320

  • 24a · Other expenses: Shower Clients Supplies

    total $20,417 · program services $20,417

  • 24b · Other expenses: Shower ProjectTruck Lease

    total $15,912 · program services $15,912

  • 24c · Other expenses: Banquet Expense

    total $10,255 · fundraising $10,255

  • 24d · Other expenses: Other Supplies

    total $9,797 · program services $9,710 · management and general $87

  • 24e · All other expenses

    total $19,067 · program services $963 · management and general $18,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,315 · end of year $54,037

  • 3 · Pledges and grants receivable

    beginning of year $8,013 · end of year $50,939

  • 9 · Prepaid expenses and deferred charges

    beginning of year $360 · end of year $360

  • 10a · Land, buildings and equipment: cost or other basis

    $29,572

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,464

  • 10c · Land, buildings and equipment, net

    beginning of year $29,079 · end of year $27,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,017 · end of year $80,334

  • 22 · Loans and payables to officers and key people

    beginning of year $5,802

  • 27 · Net assets without donor restrictions

    beginning of year $19,948 · end of year $52,110

Mission and programs · 2023

Mission

Our mission is to provide showers, laundry, clothing, food, hygiene items, transportation, temp & permanent housing, thrift shop, cooling center, referrals, subsidies towards substance recovery programs, etc

Activities or mission (Part I)

Homeless Ministry Community Outreach

  • City of Fresno mobile shower project where Gracebound is the operator; Possible Renewal for another year Oct 2024-Sept 2025 Gracebound turns in receipts & reports monthly to the City and they reimburse Gracebound usually within 30 days.

    Expenses $238,839 · Revenue $260,567

As filed on the 2023 return.

Listed in Part VII

  • Cristina Scott

    President

    Total calculated
    $773
    From this org
    $773
    From related orgs
    $0
    Other
    $0
    Hours/week
    22.5

  • Keith Scott

    CFO

    Total calculated
    $0

  • Frank Novielli

    Assist Exec Secretary

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2024
IRS schema version
2023v5.1
Source object
202411929349300001

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