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Gracewater FY2020 filing

Tax-deductible

Yazoo City, MS501(c)(3)Human ServicesEIN 82-4425191Revenue $155K in FY2020

On file with the IRS1660 Highway 16 E, 39194-4661 · Yazoo City, MSTax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To make the will of christ supreme through the use of water wells in africa.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
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
2 of 3
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
Spent
$117K
To programs
70%
Net assets
$229K
By yearFY2020–FY2024
Revenue
$155K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$158K
FY2022$180K
FY2023$270K
FY2024$442K
Expenses
$117K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$117K
FY2021Not on file
FY2022Not on file
FY2023$314K
FY2024$417K
Net assets
$229K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$229K
FY2021$175K
FY2022$97K
FY2023$53K
FY2024$78K

From the FY2020 Form 990 · see the original

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 ruling in May 2019.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $82K Management & general 30% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Daniel Cole
Director
$0Pt VII · Sec A
Roger Jones
Director
$0Pt VII · Sec A
Ann King
Director
$0Pt VII · Sec A
Nick King
President
$0Pt VII · Sec A
Virgil King
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gracewater 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

Drills water wells in Africa to spread Christian teachings.

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Provided by the organization

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1 program · $82K · in their own filed words · FY2020
01

Contributions

$82Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Natl Christian Charitable Fdn INCFY2024$30K
Total grants receivedfrom 1 funder$30K
Grants paid · 2 grants · $30K · 2023–2023
Brookwood Baptist ChurchFY2023$20,000
Fair Havens Ministries INCAL · FY2023$10,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$155K
Ln 12
Gifts and grantsLn 1h$155K
Money outPt IX
$117K
Ln 25
Programscol B$82K
Managementcol C$35K
Owns and owesPt X
$229K
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$229K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$229K
Cash and savings togetherLn 1–2$229K
Total assetsLn 16$229K
LiabilitiesLn 26$0
Net assetsLn 32$229K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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
Cash and savingsLn 1–2$190K$229K
Total assetsLn 16$190K$229K
LiabilitiesLn 26$0$0
Net assetsLn 32$190K$229K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$181$181
TravelLn 17$61K$30K$30K
Other expenses (24a–d)Ln 24$55K$51K$4K
All other expensesLn 24e$479$310$169
Total functional expensesLn 25$117K$82K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $442K$417K$25K$78K 990 PDF
FY2023 $270K$314K−$44K$53K 990 PDF
FY2022 $180K$97K 990 PDF
FY2021 $158K$175K 990 PDF
FY2020 Viewing $155K$117K$39K$229K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $155,057 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $177,266$155,057
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $177,266$155,057
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,040$116,519
I-18 Total expensesPrior year $71,040$116,519
I-19 Revenue less expensesPrior year $106,226$38,538
Part VI · Governance 4 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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 $155,057 across 3 lines filed
VIII-1f All other contributions, gifts and grants$155,057
VIII-1h Total contributions, gifts and grants$155,057
VIII-12 Total revenue$155,057
Part IX · Statement of functional expenses $116,519 across 4 lines filed
IX-13 Office expensesPrograms $181$181
IX-17 TravelPrograms $30,291 · Management $30,292$60,583
IX-24 Other expenses (24a–d)Programs $51,090 · Management $4,186$55,276
IX-24e All other expensesPrograms $310 · Management $169$479
IX-25 Total functional expensesPrograms $81,872 · Management $34,647 · Fundraising $0$116,519
Part X · Balance sheet $228,568 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $190,030$228,568
X-16 Total assetsStart of year $190,030$228,568
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $190,030$228,568
X-32 Total net assets or fund balancesStart of year $190,030$228,568
X-33 Total liabilities and net assetsStart of year $190,030$228,568
Part XI · Reconciliation of net assets $228,568 net assets at year end
XI-1 Total revenue$155,057
XI-2 Total expenses$116,519
XI-3 Revenue less expenses$38,538
XI-4 Net assets at start of year$190,030
XI-10 Net assets at end of year$228,568

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

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