Form 990 for tax year 2023
Filed by GRACE NETWORK OF MARTINSVILLE & HENRY CO INC.
Totals
- Total revenue
- $524,494
- Total expenses
- $526,322
- Contributions and grants received
- $497,071
- Grants paid
- $346,941
- Program service revenue
- $0
- Investment income
- $22,338
- Other revenue
- $5,085
- Total assets, end of year
- $794,744
- Total liabilities, end of year
- $70,371
- Net assets or fund balances, end of year
- $724,373
- Program services expenses (Part IX)
- $477,827
- Management and general expenses
- $36,506
- Fundraising expenses
- $11,989
- Program service expenses (Part III)
- $477,827
Program services were 90.8% 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
$497,071
-
1g · Noncash contributions included above
$137,824
-
3 · Investment income
total $22,361 · related or exempt $22,361
-
7b · Less cost or other basis and sales expenses
securities $23
-
7c · Gain or loss
securities -$23
-
7d · Net gain or loss
total -$23 · related or exempt -$23
-
8a · Fundraising events: gross income
$33,322
-
8b · Fundraising events: direct expenses
$28,237
-
8c · Net income from fundraising events
total $5,085 · excluded $5,085
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $346,941 · program services $346,941
-
5 · Compensation of officers, directors and key employees
total $80,340 · program services $58,972 · management and general $11,917 · fundraising $9,451
-
8 · Pension plan contributions
total $2,760 · program services $2,042 · management and general $414 · fundraising $304
-
10 · Payroll taxes
total $6,272 · program services $4,641 · management and general $941 · fundraising $690
-
11c · Fees: accounting
total $2,375 · management and general $2,375
-
13 · Office expenses
total $13,567 · program services $1,361 · management and general $10,662 · fundraising $1,544
-
16 · Occupancy
total $45,506 · program services $36,405 · management and general $9,101
-
20 · Interest
total $2,424 · program services $1,939 · management and general $485
-
22 · Depreciation, depletion and amortization
total $271 · program services $271
-
23 · Insurance
total $3,054 · program services $2,443 · management and general $611
-
24a · Other expenses: Supplemental food purch
total $22,334 · program services $22,334
-
24b · Other expenses: Hospitality expense
total $478 · program services $478
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $293,803 · end of year $232,243
-
2 · Savings and temporary cash investments
beginning of year $388,501 · end of year $440,063
-
4 · Accounts receivable
beginning of year $18,333 · end of year $13,333
-
10a · Land, buildings and equipment: cost or other basis
$18,760
-
10b · Land, buildings and equipment: accumulated depreciation
$18,760
-
10c · Land, buildings and equipment, net
beginning of year $272 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $17,617 · end of year $31,831
-
12 · Investments: other securities
beginning of year $700 · end of year $700
-
15 · Other assets
beginning of year $108,303 · end of year $76,574
-
25 · Other liabilities
beginning of year $101,328 · end of year $70,371
-
27 · Net assets without donor restrictions
beginning of year $657,828 · end of year $663,241
-
28 · Net assets with donor restrictions
beginning of year $68,373 · end of year $61,132
Listed in Part VII
-
Larissa Rash
Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Matthew Brown
Vice President
- Total calculated
- $0
- Hours/week
- 0.25
-
Frances Tucker
Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Dennis Knight
Member
- Total calculated
- $0
- Hours/week
- 1.25
-
Mary Nester
Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Shannon Menefee
Member
- Total calculated
- $0
- Hours/week
- 0.25
-
Joyce Staples
Member
- Total calculated
- $0
- Hours/week
- 1
-
Linda Dorr
Member
- Total calculated
- $0
- Hours/week
- 4.25
-
Bobby Joyce
Member
- Total calculated
- $0
- Hours/week
- 8.25
-
Gene Teague
Member
- Total calculated
- $0
- Hours/week
- 1.25
-
Lillian Holland
Secretary
- Total calculated
- $0
- Hours/week
- 4.25
-
Devin Page
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Rick Curry
Member
- Total calculated
- $0
- Hours/week
- 4.25
-
Jim Reaghard
President
- Total calculated
- $0
- Hours/week
- 4.25
-
Beverly Lyle
Member
- Total calculated
- $0
- Hours/week
- 0.25
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
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433189349304558
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.