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Nonprofiteer
← HEALING GRACE MINISTRIES INC

Form 990 for tax year 2022

Filed by HEALING GRACE MINISTRIES INC.

Totals

Total revenue
$610,176
Total expenses
$9,837
Contributions and grants received
$610,176
Grants paid
$3,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$690,837
Total liabilities, end of year
$90,498
Net assets or fund balances, end of year
$600,339
Program services expenses (Part IX)
$9,837
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$9,837

Program services were 100.0% 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.

  • 1b · Membership dues

    $17,445

  • 1f · All other contributions, gifts and grants

    $592,731

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,500 · program services $3,500

  • 24a · Other expenses: OUTSIDE CONTRACT SERVIC

    total $3,322 · program services $3,322

  • 24b · Other expenses: COMPUTER & INTERNET EXP

    total $2,636 · program services $2,636

  • 24c · Other expenses: POSTAGE AND DELIVERY

    total $367 · program services $367

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $12 · program services $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $690,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $90,498

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $600,339

Mission and programs · 2022

Mission

TRANSFORMING EGYPTIAN CHILDREN AND THEIR COMMUNITIES THROUGH JESUS, EDUCATION, AND HEALTH.

  • TRANSFORMING EGYPTIAN CHILDREN AND THEIR COMMUNITIES THROUGH JESUS, EDUCATION, AND HEALTH.

    Expenses $9,837 · Grants $3,500

As filed on the 2022 return.

Listed in Part VII

  • MICHAEL FARAG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0
  • TAMER ALIA

    CEO

    Total calculated
    $0
    Hours/week
    0
  • MARIAN FRANCIS

    CFO

    Total calculated
    $0
    Hours/week
    0
  • NORA FARAG

    SECRETARY

    Total calculated
    $0
    Hours/week
    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
2022
Filed
24 May 2023
IRS schema version
2022v5.0
Source object
202331449349300633

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