Grace Fellowship Title FY2020 filing

Broken Arrow, OKUnknown exempt organizationEIN 41-2064773Revenue $8K in FY2020

On file with the IRS720 W New Orleans St · Broken Arrow, OK

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This non-profit corporation is organized and operated exclusively for the purpose of holding Title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which is exempt from federal income taxes under section 501(c)(3) of the internal revenue code.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $42K a year · 99% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$189K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8K
Spent
$0
Net assets
$670K
By yearFY2020–FY2024
Revenue
$8K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$8K
FY2021$5K
FY2022$10K
FY2023$0
FY2024$190K
Expenses
$0
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$2K
Net assets
$670K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$670K
FY2021$570K
FY2022$470K
FY2023−$130K
FY2024$0

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grace Fellowship Title executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds property and gives income to tax-exempt charities.

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Provided by the organization

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$8K
Ln 12
Other incomeLn 4–11$8K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$670K
net assets · Ln 32
Total assetsLn 16$859K
LiabilitiesLn 26$189K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$8K
Total revenueLn 12$8K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$59K
Total assetsLn 16$859K
LiabilitiesLn 26$189K
Net assetsLn 32$670K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Land, buildings, equipmentLn 10c$64K$59K
Total assetsLn 16$964K$859K
LiabilitiesLn 26$189K$189K
Net assetsLn 32$774K$670K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $190K$2K$189K$0 990 PDF
FY2023 $0$0$0−$130K 990 PDF
FY2022 $10K$0$10K$470K 990 PDF
FY2021 $5K$0$5K$570K 990 PDF
FY2020 Viewing $8K$0$8K$670K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $8,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$8,500
I-12 Total revenuePrior year $0$8,500
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$0
I-18 Total expensesPrior year $0$0
I-19 Revenue less expensesPrior year $0$8,500
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $8,500 across 2 lines filed
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,500$8,500
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,500$8,500
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $859,182 assets, 10 lines filed
X-4 Accounts receivableStart of year $900,000$800,000
X-10c Land, buildings and equipment, netStart of year $63,862$59,182
X-16 Total assetsStart of year $963,862$859,182
X-17 Accounts payable and accrued expensesStart of year $20,355$20,357
X-25 Other liabilitiesStart of year $169,075$169,075
X-26 Total liabilitiesStart of year $189,430$189,432
X-27 Net assets without donor restrictionsStart of year $750,996$646,314
X-28 Net assets with donor restrictionsStart of year $23,436$23,436
X-32 Total net assets or fund balancesStart of year $774,432$669,750
X-33 Total liabilities and net assetsStart of year $963,862$859,182
Part XI · Reconciliation of net assets $669,750 net assets at year end
XI-1 Total revenue$8,500
XI-2 Total expenses$0
XI-3 Revenue less expenses$8,500
XI-4 Net assets at start of year$774,432
XI-8 Prior period adjustments−$4,682
XI-9 Other changes in net assets−$108,500
XI-10 Net assets at end of year$669,750

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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