Overview
What is Grace Evangelical Society?
Grace Evangelical Society is a nonprofit organization, headquartered in Corinth, Texas. Their primary focus is to spread the message of eternal life, a free gift, through various written and spoken mediums such as magazines, journals, commentaries, and books. The organization strives to promote faithful gospel proclamation, adhering to their doctrinal statement. This mission is carried out through the publication of various materials. The society's address is 4851 S I-35E 203, Corinth, TX 76210.
Official website here: www.faithalone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Grace Evangelical Society has earned an 81% rating from Charity Navigator, indicating a solid performance in the realm of accountability and finance. This score reflects a comprehensive evaluation based solely on one beacon, emphasizing the organization's commitment to transparency and responsible financial management. The charity's emphasis on independent governance is noteworthy, with 60% of the board members being independent, contributing positively to its oversight.
The organization showcases robust financial health, demonstrated by a program expense ratio of 91.62%, meaning a significant majority of its expenses directly support its programs. Additionally, there are no reported material diversions of assets, and the charity maintains several key policies, including a conflict of interest policy and a whistleblower policy, which bolster its ethical framework. The presence of documented board meeting minutes and a low liabilities-to-assets ratio further reinforces its fiscal responsibility.
While the rating is commendable, it's important to note that the overall score is derived solely from the accountability and finance category. This singular focus may not encompass all aspects of the charity's effectiveness or impact in its mission work, suggesting potential areas for further evaluation for prospective donors.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Evangelical Society legitimate?
Grace Evangelical Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Evangelical Society 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: $97,224
Professional Fundraising Fees: $0
Other Salaries and Wages: $155,970
For more financial information, click here
Official website here: www.faithalone.org
What is the mission statement of Grace Evangelical Society?
The Grace Evangelical Society's mission is centered around promoting the concept of eternal life as a free gift. To achieve this, they actively proclaim the gospel through both written and spoken words, aligning with their doctrinal beliefs. In addition to this, the organization is engaged in publishing various materials such as magazines, journals, commentaries, and books.
Official website here: www.faithalone.org
Who is the CEO of Grace Evangelical Society?
Robert Wilkin is the Executive Director of Grace Evangelical Society.
Official website here: www.faithalone.org
What is the revenue of Grace Evangelical Society?
Grace Evangelical Society's revenue in 2023 was $1,105,600.
Official website here: www.faithalone.org
Who are the executives of Grace Evangelical Society and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $95,557
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $84,263
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.faithalone.org
Where can I find the form 990 for Grace Evangelical Society?
Grace Evangelical Society's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.faithalone.org
Learn more at the official website: www.faithalone.org
Mission Statement of Grace Evangelical Society
Grace Evangelical Society is an organization that is dedicated to spreading the message of eternal life's free gift. Their primary mission is to promote the faithful proclamation of the gospel, both in written and spoken form, aligning with their doctrinal statement. In essence, their purpose is to share the message of salvation and eternal life, ensuring that it is communicated accurately and faithfully. To achieve this, Grace Evangelical Society engages in various activities, primarily through the publication of resources such as magazines, journals, commentaries, and books. These publications serve as a means to disseminate the gospel message, reaching a wide audience and contributing to the promotion of faith in eternal life.
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Impact
July, 2024
Grace Evangelical Society's impact lies in its steadfast mission to proclaim and promote the free gift of eternal life through various mediums such as magazines, journals, commentaries, and books. Based in Corinth, Texas, the organization is dedicated to promoting faithful gospel proclamation through written and spoken word, in accordance with its doctrinal statement. As a result, Grace Evangelical Society plays a crucial role in spreading the message of salvation and faith to a wide audience, contributing significantly to the religious landscape.
This information is meant to be a general summary of Grace Evangelical Society. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $22,834
- Program Service Revenue: $115,668
- Gross Receipts: $1,105,600
Assets and Liabilities:
- Total Assets: $1,311,768
- Total Liabilities: $11,853
- Net Assets: $1,299,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLICATIONS
Revenue
$66,634
CONFERENCE
Revenue
$49,034
Organization Details
Founding Year
1987
Phone
(940) 270-8827Principal Officer
Robert Wilkin
Main Address
4851 S I-35E 203, CORINTH, TX, 76210
Website
www.faithalone.orgNTEE Category
Code: X21Z - Religion related
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