Form 990 for tax year 2022
Filed by GRACE NETWORK OF MARTINSVILLE & HENRY CO INC.
Totals
- Total revenue
- $590,877
- Total expenses
- $500,165
- Contributions and grants received
- $585,762
- Grants paid
- $339,802
- Program service revenue
- $0
- Investment income
- $3,097
- Other revenue
- $2,018
- Total assets, end of year
- $827,529
- Total liabilities, end of year
- $101,328
- Net assets or fund balances, end of year
- $726,201
- Program services expenses (Part IX)
- $455,857
- Management and general expenses
- $34,157
- Fundraising expenses
- $10,151
- Program service expenses (Part III)
- $455,857
Program services were 91.1% 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
$585,762
-
1g · Noncash contributions included above
$116,310
-
3 · Investment income
total $3,097 · related or exempt $3,097
-
8a · Fundraising events: gross income
$43,002
-
8b · Fundraising events: direct expenses
$40,984
-
8c · Net income from fundraising events
total $2,018 · excluded $2,018
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $339,802 · program services $339,802
-
5 · Compensation of officers, directors and key employees
total $72,703 · program services $53,120 · management and general $10,643 · fundraising $8,940
-
8 · Pension plan contributions
total $2,760 · program services $2,017 · management and general $404 · fundraising $339
-
10 · Payroll taxes
total $5,681 · program services $4,151 · management and general $832 · fundraising $698
-
11c · Fees: accounting
total $2,375 · management and general $2,375
-
13 · Office expenses
total $11,236 · program services $1,438 · management and general $9,624 · fundraising $174
-
16 · Occupancy
total $45,373 · program services $36,299 · management and general $9,074
-
20 · Interest
total $3,284 · program services $2,627 · management and general $657
-
22 · Depreciation, depletion and amortization
total $541 · program services $541
-
23 · Insurance
total $2,740 · program services $2,192 · management and general $548
-
24a · Other expenses: Supplemental food purch
total $13,105 · program services $13,105
-
24b · Other expenses: Hospitality expense
total $565 · program services $565
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $212,620 · end of year $293,803
-
2 · Savings and temporary cash investments
beginning of year $386,370 · end of year $388,501
-
4 · Accounts receivable
beginning of year $22,500 · end of year $18,333
-
10a · Land, buildings and equipment: cost or other basis
$18,760
-
10b · Land, buildings and equipment: accumulated depreciation
$18,488
-
10c · Land, buildings and equipment, net
beginning of year $813 · end of year $272
-
11 · Investments: publicly traded securities
end of year $17,617
-
12 · Investments: other securities
beginning of year $700 · end of year $700
-
15 · Other assets
beginning of year $14,307 · end of year $108,303
-
25 · Other liabilities
beginning of year $1,821 · end of year $101,328
-
27 · Net assets without donor restrictions
beginning of year $556,338 · end of year $657,828
-
28 · Net assets with donor restrictions
beginning of year $79,151 · end of year $68,373
Mission and programs · 2022
Mission
Grace Network is a first-stop center of resources for residents of Martinsville and Henry County where essential life needs and referrals are provided by caring volunteers building a stronger community.
Activities or mission (Part I)
Assistance to the underprivileged.
-
Center for resources for residents of Martinsville and Henry County where essential life needs and referrals are provided. Cash donations are used to pay directly the service providers of rent, utilities, mortgages, prescriptions and home weatherization. 2,886 clients requested assistance and 1,199 of that number received help in the amount of $212,499 (actual cash expended for utilities, etc). Total program expense was $285,093.
Expenses $285,093 · Grants $212,499
-
Center for resources for residents of Martinsville and Henry County where essential life needs and referrals are provided. Our food pantry accepts non-cash donations of food and hygiene items. A total of 1,091 households comprised of 1,995 individuals were provided with $127,303 items of food from the food pantry. Total program expense was $170,764.
Expenses $170,764 · Grants $127,303
As filed on the 2022 return.
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
- 5.25
-
Mary Nester
President
- Total calculated
- $0
- Hours/week
- 0.25
-
Brenda Turner
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
- 3.5
-
Jake Arnold
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Rick Curry
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jim Reaghard
Member
- Total calculated
- $0
- Hours/week
- 2
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
- 12 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343529349300524
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