Grace Terrace Memorial Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330894225 ✦ Cerritos, CA ✦ Designated as a 501(c)(3)

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Overview

What is Grace Terrace Memorial Association?

Grace Terrace Memorial Association, based in Cerritos, California, is a nonprofit organization serving people of the Christian faith. Their primary mission is to provide interment rights for the burial of bodies and offer religious services in conjunction with these burials. With a team of three dedicated individuals, they offer a supportive and faith-based environment during a difficult time. Their unique service enhances the grieving process for the Christian community, ensuring that the departed are laid to rest with the dignity and reverence they deserve.


Official website here: www.graceterrace.com

Is Grace Terrace Memorial Association legitimate?

Grace Terrace Memorial Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Terrace Memorial Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,450

For more financial information, click here


Official website here: www.graceterrace.com

What is the mission statement of Grace Terrace Memorial Association?

The Grace Terrace Memorial Association, serving individuals of the Christian faith, is dedicated to providing interment rights for the burial of bodies and offering religious services in conjunction with these activities. Their mission is centered around offering a sacred space and spiritual support during a significant life transition. The association aims to offer a dignified and faith-based burial experience, ensuring that the religious beliefs of the deceased and their loved ones are respected throughout the process.


Official website here: www.graceterrace.com

Who is the CEO of Grace Terrace Memorial Association?

Abraham Ho is the Vice President of Grace Terrace Memorial Association.


Official website here: www.graceterrace.com

What is the revenue of Grace Terrace Memorial Association?

Grace Terrace Memorial Association's revenue in 2022 was $772,066.


Official website here: www.graceterrace.com

Who are the executives of Grace Terrace Memorial Association and what are their salaries?

The average compensation at Grace Terrace Memorial Association during 2022 was $25,150. There are 3 employees and 1 volunteer at Grace Terrace Memorial Association.


Here are 7 key members and their salaries:


Daniel Yu (Vice President)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Abraham Ho (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gilbert Chang (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Chi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ho (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin C Wu (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.graceterrace.com

Where can I find the form 990 for Grace Terrace Memorial Association?

Grace Terrace Memorial Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.graceterrace.com

Learn more at the official website: www.graceterrace.com

Mission Statement of Grace Terrace Memorial Association

Grace Terrace Memorial Association, also known as GTMA, is dedicated to serving individuals of the Christian faith. Its mission revolves around providing them with interment rights for the burial of bodies and offering religious services in conjunction with these burial procedures. By doing so, GTMA aims to offer comfort and support during a challenging time, upholding the values and beliefs of the Christian faith throughout the process.

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Impact




October, 2024

Grace Terrace Memorial Association plays a vital role in providing interment rights and religious services to individuals of the Christian faith. By ensuring that communities have access to dignified burial options, GTMA fosters a sense of peace and closure for grieving families. The organization not only facilitates the practical aspects of burial but also supports the spiritual needs of its members through religious services, affirming their faith during times of loss. This commitment helps to strengthen community ties and offers comfort, reflecting the organization's mission to serve and uplift those it supports in Cerritos, CA.




This information is meant to be a general summary of Grace Terrace Memorial Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$772,066 (2022)
Expenses
$399,451 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,666
  • Program Service Revenue: $769,400
  • Gross Receipts: $772,066

Assets and Liabilities:

  • Total Assets: $5,450,440
  • Total Liabilities: $552,601
  • Net Assets: $4,897,839

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CEMETERY PLOTS

Revenue

$769,400

Organization Details

Founding Year

1999

Principal Officer

Abraham Ho

Main Address

PO Box 5082, CERRITOS, CA, 90703

NTEE Category

Code: Y50 - Mutual benefit

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