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Nonprofiteer
← GRACE EDUCATION MINISTRIES FOR NIGER

Form 990 for tax year 2022

Filed by GRACE EDUCATION MINISTRIES FOR NIGER.

Totals

Total revenue
$299,147
Total expenses
$80,571
Contributions and grants received
$298,647
Grants paid
$0
Program service revenue
$0
Investment income
-$347
Other revenue
$847
Total assets, end of year
$1,538,957
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,538,957
Program services expenses (Part IX)
$75,190
Management and general expenses
$5,381
Fundraising expenses
$0
Program service expenses (Part III)
$75,190

Program services were 93.3% 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.

  • 1f · All other contributions, gifts and grants

    $298,647

  • 1g · Noncash contributions included above

    $30,910

  • 7a · Gross sales of assets other than inventory

    securities $27,601

  • 7b · Less cost or other basis and sales expenses

    securities $27,948

  • 7c · Gain or loss

    securities -$347

  • 7d · Net gain or loss

    total -$347 · excluded -$347

  • 11a · Other revenue: FOREIGN CURRENCY EXCHA

    total $847 · related or exempt $847

  • 11e · Other revenue, total

    $847

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $1,881 · management and general $1,881

  • 17 · Travel

    total $465 · management and general $465

  • 22 · Depreciation, depletion and amortization

    total $56,393 · program services $56,393

  • 24a · Other expenses: FOOD, GAS, SCHOOL SUPPL

    total $15,869 · program services $15,869

  • 24b · Other expenses: BANK, PAYPAL, WIRE FEES

    total $3,035 · management and general $3,035

  • 24c · Other expenses: STIPENDS PAID TO WORKER

    total $1,502 · program services $1,502

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,426 · program services $1,426

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206,465 · end of year $179,486

  • 2 · Savings and temporary cash investments

    end of year $2,599

  • 10a · Land, buildings and equipment: cost or other basis

    $1,484,971

  • 10b · Land, buildings and equipment: accumulated depreciation

    $128,099

  • 10c · Land, buildings and equipment, net

    beginning of year $1,114,280 · end of year $1,356,872

  • 27 · Net assets without donor restrictions

    beginning of year $1,301,007 · end of year $1,517,279

  • 28 · Net assets with donor restrictions

    beginning of year $19,738 · end of year $21,678

Mission and programs · 2022

Mission

TO ASSIST THE PEOPLE OF NIGER IN STRATEGIC WAYS BY BUILDING UP AND STRENGTHENING THE COUNTRY IN THE AREAS OF EDUCATION, HEALTH, FINANCIAL WELFARE, SOCIAL CONDITIONS, AND CHRISTIAN SPIRITUAL GROWTH. (CONTINUED ON SCHEDULE O)WE WILL EMPOWER NIGERIENES WITH ACADEMIC AND VOCATIONAL TRAINING AS WELL AS SPIRITUAL DISCIPLESHIP. IN PARTICULAR, WE WILL SUPPORT YOUNG NIGERIENNE WOMEN IN ATTENDING A HIGHER EDUCATION AND VALUABLE TEACHING SKILLS. WE WILL PROVIDE COMPASSIONATE CARE FOR THE NEEDY IN THE NIGERIEN COMMUNITY. IN OCTOBER 2017, GRACE EDUCATION MINISTRIES FOUNDED GRACE ACADEMY, A SCHOOL IN NIGER DEDICATED TO EDUCATING YOUNG WOMEN. IN THIS COUNTRY, LESS THAN 10% OF SCHOOL-AGED GIRLS HAVE THE OPPORTUNITY TO ATTEND SCHOOL, SO THE PRIVILEGE OF LEARNING AT GRACE ACADEMY IS A GREAT GIFT FOR THESE YOUNG WOMEN AND FOR THEIR FAMILIES! A QUALITY CHRISTIAN EDUCATION WILL IMPACT THEIR FUTURE CHILDREN, THEIR EXTENDED FAMILIES, THEIR VILLAGES AND THEIR COUNTRY. AILEEN CHUNG OVERSEES THE SCHOOL.

Activities or mission (Part I)

TO ASSIST THE PEOPLE OF NIGER THROUGH EDUCATION, WELFARE, AND CHRISTIAN SPIRITUAL SUPPORT.

  • DURING 2022, THE ORGANIZATION FOCUSED ON:1. FIFTH AND SIXTH SCHOOL YEAR OF GRACE ACADEMY PROVIDING SECONDARY SCHOOL EDUCATION FOR 100 STUDENTS. 2. SCHOOL BUILDING PHASE 5 CONSTRUCTION TO PROVIDE: STUDENT DORM #1 (2 ROOM EXTENSION), STUDENT DORM #2 (NEW CONSTRUCTION), CLASSROOMS (2ND FLOOR EXTENSION), NEW SOLAR SYSTEM AND FENCE WALL EXTENSION. TOTAL FIXED ASSET PURCHASES $298,985.

    Expenses $75,190

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alma Cho

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kevin Bendemire

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sarah Hong

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Aileen Chung

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • John Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marilyn Davidson

    DIRECTOR

    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
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349304973

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