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Nonprofiteer
← FRIENDS OF GRACE

Form 990 for tax year 2025

Filed by FRIENDS OF GRACE.

Totals

Total revenue
$1,189,379
Total expenses
$1,098,120
Contributions and grants received
$1,166,777
Grants paid
$970,571
Program service revenue
$0
Investment income
$12,308
Other revenue
$10,294
Total assets, end of year
$554,431
Total liabilities, end of year
$2,404
Net assets or fund balances, end of year
$552,027
Program services expenses (Part IX)
$1,091,884
Management and general expenses
$6,236
Fundraising expenses
$0
Program service expenses (Part III)
$1,091,884

Program services were 99.4% 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.

  • 1f · All other contributions, gifts and grants

    $1,166,777

  • 3 · Investment income

    total $1,205 · related or exempt $1,205

  • 7a · Gross sales of assets other than inventory

    securities $11,103

  • 7c · Gain or loss

    securities $11,103

  • 7d · Net gain or loss

    total $11,103

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Misc income

    total $10,294 · related or exempt $10,294

  • 11e · Other revenue, total

    $10,294

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $65,500 · program services $65,500

  • 3 · Grants to foreign organizations and individuals

    total $905,071 · program services $905,071

  • 5 · Compensation of officers, directors and key employees

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

  • 11c · Fees: accounting

    total $1,279 · management and general $1,279

  • 13 · Office expenses

    total $1,921 · management and general $1,921

  • 14 · Information technology

    total $3,036 · management and general $3,036

  • 24a · Other expenses: Training expenses

    total $18,737 · program services $18,737

  • 24b · Other expenses: Mission trip expenses

    total $66,576 · program services $66,576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,883 · end of year $455,591

  • 2 · Savings and temporary cash investments

    beginning of year $13,406 · end of year $31,709

  • 11 · Investments: publicly traded securities

    beginning of year $73,277 · end of year $67,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,798 · end of year $2,404

  • 31 · Retained earnings, endowment or other funds

    beginning of year $460,768 · end of year $552,027

Mission and programs · 2025

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 at different parts of the world

Activities or mission (Part I)

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

  • Train and promote Biblical teaching to the public

    Expenses $1,091,884

As filed on the 2025 return.

Listed in Part VII

  • STEPHEN TANG

    CEO

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

  • WILLIAM LUI

    Board Member

    Total calculated
    $0
    Hours/week
    5

  • ADAM WONG

    PresidentChairperson

    Total calculated
    $0
    Hours/week
    20

  • ANTHONY WONG

    CFO

    Total calculated
    $0
    Hours/week
    20

  • AN LY

    Board member

    Total calculated
    $0
    Hours/week
    5

  • JOEL NGO

    Board member

    Total calculated
    $0
    Hours/week
    5

  • JOHNNEY LIN

    VP Secretary

    Total calculated
    $0
    Hours/week
    20

  • ALEX NG

    Board member

    Total calculated
    $0
    Hours/week
    5

  • NELSON WONG

    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
2025
Filed
18 July 2026
IRS schema version
2025v4.2
Source object
202601999349300100

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