Form 990 for tax year 2024
Filed by GRACE CLINIC OF YADKIN VALLEY.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2024 , filed 26 June 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $731,502
- Total expenses
- $513,520
- Contributions and grants received
- $567,563
- Grants paid
- $0
- Program service revenue
- $107,942
- Investment income
- $50,261
- Other revenue
- $5,736
- Total assets, end of year
- $2,040,941
- Total liabilities, end of year
- $952,577
- Net assets or fund balances, end of year
- $1,088,364
- Program services expenses (Part IX)
- $474,193
- Management and general expenses
- $29,471
- Fundraising expenses
- $9,856
- Program service expenses (Part III)
- $474,193
Program services were 92.3% 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.
-
1e · Government grants (contributions)
$446,989
-
1f · All other contributions, gifts and grants
$120,574
-
2a · Program service revenue: Service and record fees
total $92,841 · related or exempt $92,841
-
2b · Program service revenue: Medicare and Medicaid fees
total $15,101 · related or exempt $15,101
-
3 · Investment income
total $50,261
-
11a · Other revenue: Other
total $5,736
-
11e · Other revenue, total
$5,736
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $41,000 · program services $20,500 · management and general $20,500
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $283,059 · program services $283,059
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $28,986 · program services $27,153 · management and general $1,833
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $8,838 · program services $4,419 · management and general $4,419
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $6,211 · program services $6,211
-
13 · Office expenses
total $10,201 · program services $8,671 · management and general $1,530
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $7,894 · program services $7,105 · management and general $789
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,511 · program services $11,511
-
23 · Insurance
total $8,184 · program services $8,184
-
24a · Other expenses: Contract Services
total $50,210 · program services $50,210
-
24b · Other expenses: Patient services
total $44,905 · program services $44,905
-
24c · Other expenses: Fundraising expenses
total $9,856 · fundraising $9,856
-
24d · Other expenses: General expenses
total $2,665 · program services $2,265 · management and general $400
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $592,673 · end of year $1,556,966
-
3 · Pledges and grants receivable
beginning of year $77,218 · end of year $77,498
-
4 · Accounts receivable
beginning of year $19,594 · end of year $10,398
-
10a · Land, buildings and equipment: cost or other basis
$392,462
-
10b · Land, buildings and equipment: accumulated depreciation
$77,995
-
10c · Land, buildings and equipment, net
beginning of year $245,578 · end of year $314,467
-
15 · Other assets
end of year $81,612
-
17 · Accounts payable and accrued expenses
beginning of year $631 · end of year $17,469
-
19 · Deferred revenue
beginning of year $63,934 · end of year $935,108
-
27 · Net assets without donor restrictions
beginning of year $806,564 · end of year $147,882
-
28 · Net assets with donor restrictions
beginning of year $63,934 · end of year $940,482
Mission and programs · 2024
Mission
Provide medical care to low income and uninsured adults.
Activities or mission (Part I)
The Organization provides free medical care to low-income and uninsured adults through the use of volunteer and paid healthcare professionals. The Organization accepts Medicaid and a limited number of Medicare patients
-
Provide free medical care to to low income and uninsured adults.
Expenses $474,193
As filed on the 2024 return.
Listed in Part VII
-
Tami Sappenfield
Board member/Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jeannette Hendrick
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Steve Erlandson
Board member/Med Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Irwin
Board member/Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Steve Newman
Board member/Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Gonzalez
Board member/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Erma Cooke
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Schrum
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Robin Chandler
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Christa Lilly
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Howard Fleming
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Jana Swaim
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Betty Taylor
Executive Director
- Total calculated
- $0
- Hours/week
- 40
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
- 2024
- Filed
- 26 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202511779349300526
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