Gods Grace Learning Center FY2022 filing

Tax-deductible

Magnolia, TX501(c)(3)Human ServicesEIN 82-1551846Revenue $1.2M in FY2022

On file with the IRS26605 Peden Rd, 77355-7943 · Magnolia, TXTax-exempt since Aug 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Learning Center and day care

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $196K a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $195
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+13% vs prior year
Spent
$1.2M
To programs
100%
Net assets
$708K
By yearFY2020–FY2023
Revenue
$1.2M
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$844K
FY2021$1.1M
FY2022$1.2M
FY2023$1.8M
Expenses
$1.2M
FY2022▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$725K
FY2021$805K
FY2022$1.2M
FY2023$1.4M
Net assets
$708K
FY2022▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2020$235K
FY2021$493K
FY2022$708K
FY2023$1.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2018.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President Director
$0Pt VII · Sec A
Treasurer Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Annette Collins’s $52K as Executive Director is at the 5th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2021FY2020
Annette Collins$51,884$42,000$42,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Gods Grace Learning Center is a human services nonprofit based in Magnolia, TX.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2022
01

Early learning school and day care for 200 students per day

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$195

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$4K
Investment incomeLn 3$48
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Owns and owesPt X
$708K
net assets · Ln 32
Cash and savingsLn 1–2$720K
Total assetsLn 16$720K
LiabilitiesLn 26$13K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$48
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$302K
SavingsLn 2$418K
Cash and savings togetherLn 1–2$720K
Total assetsLn 16$720K
LiabilitiesLn 26$13K
Net assetsLn 32$708K
OperationsPt I, VI
EmployeesI 553
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$493K$720K
Total assetsLn 16$493K$720K
LiabilitiesLn 26$0$13K
Net assetsLn 32$493K$708K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$42K$42K
Other salaries and wagesLn 7$646K$646K
Other employee benefitsLn 9$53K$53K
Payroll taxesLn 10$56K$56K
Legal feesLn 11b$1K$1K
Office expensesLn 13$4K$4K
OccupancyLn 16$75K$75K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$220K$220K
All other expensesLn 24e$39K$39K
Total functional expensesLn 25$1.2M$1.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.8M$1.4M$373K$1.1M 990 PDF
FY2022 Viewing $1.2M$1.2M$36K$708K 990 PDF
FY2021 $1.1M$805K$257K$493K 990 PDF
FY2020 $844K$725K$119K$235K 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 FY2022 990 (6 parts)
Part I · Summary $1,199,752 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,105$4,105
I-9 Program service revenuePrior year $1,191,445$1,195,599
I-10 Investment incomePrior year $49$48
I-11 Other revenue$0
I-12 Total revenuePrior year $1,195,599$1,199,752
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $688,009$797,040
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $475,361$366,330
I-18 Total expensesPrior year $1,163,370$1,163,370
I-19 Revenue less expensesPrior year $32,229$36,382
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,199,752 across 5 lines filed
VIII-1c Fundraising events$4,105
VIII-1h Total contributions, gifts and grants$4,105
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,195,599$1,195,599
VIII-3 Investment incomeRelated to mission $48$48
VIII-12 Total revenueRelated to mission $1,195,647 · Unrelated business $0 · Excluded from tax $0$1,199,752
Part IX · Statement of functional expenses $1,163,370 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,000$42,000
IX-7 Other salaries and wagesPrograms $646,009$646,009
IX-9 Other employee benefitsPrograms $53,153$53,153
IX-10 Payroll taxesPrograms $55,878$55,878
IX-11b Legal feesPrograms $1,231$1,231
IX-13 Office expensesPrograms $4,144$4,144
IX-16 OccupancyPrograms $74,652$74,652
IX-23 InsurancePrograms $27,638$27,638
IX-24 Other expenses (24a–d)Programs $219,919$219,919
IX-24e All other expensesPrograms $38,746$38,746
IX-25 Total functional expensesPrograms $1,163,370 · Management $0 · Fundraising $0$1,163,370
Part X · Balance sheet $720,264 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $27,559$301,824
X-2 Savings and temporary cash investmentsStart of year $465,000$418,440
X-16 Total assetsStart of year $492,559$720,264
X-25 Other liabilities$12,711
X-26 Total liabilitiesStart of year $0$12,711
X-27 Net assets without donor restrictionsStart of year $492,559$707,553
X-32 Total net assets or fund balancesStart of year $492,559$707,553
X-33 Total liabilities and net assetsStart of year $492,559$720,264
Part XI · Reconciliation of net assets $707,553 net assets at year end
XI-1 Total revenue$1,199,752
XI-2 Total expenses$1,163,370
XI-3 Revenue less expenses$36,382
XI-4 Net assets at start of year$492,559
XI-8 Prior period adjustments$178,612
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$707,553

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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