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Nonprofiteer
← FRIENDS OF GRACE

Form 990 for tax year 2022

Filed by FRIENDS OF GRACE.

Totals

Total revenue
$1,082,922
Total expenses
$1,243,701
Contributions and grants received
$1,082,041
Grants paid
$1,155,902
Program service revenue
$0
Investment income
$881
Other revenue
$0
Total assets, end of year
$331,388
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$331,388
Program services expenses (Part IX)
$1,234,961
Management and general expenses
$8,740
Fundraising expenses
$0
Program service expenses (Part III)
$1,234,961

Program services were 99.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,082,041

  • 3 · Investment income

    total $881 · related or exempt $881

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $130,703 · program services $130,703

  • 3 · Grants to foreign organizations and individuals

    total $1,025,199 · program services $1,025,199

  • 5 · Compensation of officers, directors and key employees

    total $36,000 · program services $36,000

  • 13 · Office expenses

    total $6,586 · management and general $6,586

  • 14 · Information technology

    total $785 · management and general $785

  • 24a · Other expenses: Transportation/training

    total $18,915 · program services $18,915

  • 24b · Other expenses: Postage, mailing service

    total $241 · management and general $241

  • 24c · Other expenses: Printing and copying

    total $24,144 · program services $24,144

  • 24d · Other expenses: Bank service charges

    total $1,128 · management and general $1,128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424,751 · end of year $263,235

  • 2 · Savings and temporary cash investments

    beginning of year $6,799 · end of year $6,802

  • 11 · Investments: publicly traded securities

    beginning of year $60,617 · end of year $61,351

  • 31 · Retained earnings, endowment or other funds

    beginning of year $492,167 · end of year $331,388

Mission and programs · 2022

Mission

To reach people with the gospel of Jesus Christ through medical and dental treatments, English Bible training classes, theological training and to support seminary study in Asia & Africa.

Activities or mission (Part I)

To reach people with the gospel of Jesus Christ through medical treatments and to support seminary study overseas

  • Promote Biblical message to the public.

    Expenses $1,234,961

As filed on the 2022 return.

Listed in Part VII

  • WILLIAM LUI

    President

    Total calculated
    $0
    Hours/week
    30

  • ADAM WONG

    Vice President CFO

    Total calculated
    $0
    Hours/week
    10

  • ANTHONY WONG

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • STEPHEN TANG

    Board member CEO

    Total calculated
    $36,000
    From this org
    $36,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • AN LY

    Board member

    Total calculated
    $0
    Hours/week
    5

  • JOEL NGO

    Board member

    Total calculated
    $0
    Hours/week
    5

  • JOHNNEY LIN

    Board member

    Total calculated
    $0
    Hours/week
    5

  • ALEX NG

    Board member

    Total calculated
    $0
    Hours/week
    5

  • JACK CAO

    Board member

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349300207

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