Civic Intelligence

Grace Summit Inc.

990 • Fiscal year 2014 • EIN 20-1381671

Jan 01, 2014 to Dec 31, 2014 • Filed on Feb 12, 2015

Organization ProfileWWW.GRACESUMMITINC.ORG
2304 Macy DriveRoswell, GA 30076

(678) 401-5744

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

96th percentile

$71,477

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 37.7% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

15th percentile

-29%

Faster asset growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

32nd percentile

-10%

Faster revenue growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$88,703

Down $36,810 (-29%) from 2013

Net Assets

Down

$87,657

Down $34,558 (-28%) from 2013

Liabilities

Down

$1,046

Down $2,252 (-68%) from 2013

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin16th percentile

Revenue

Down

$189,804

Down $21,203 (-10%) from 2013

Expenses

Up

$224,362

Up $3,058 (+1.4%) from 2013

Net Income

Down

-$34,558

Down $24,261 (-236%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2011: $102,175Liabilities 2011: $6,708Net Assets 2011: $95,4672011Assets 2012: $137,537Liabilities 2012: $5,025Net Assets 2012: $132,5122012Assets 2013: $125,513Liabilities 2013: $3,298Net Assets 2013: $122,2152013Assets 2014: $88,703Liabilities 2014: $1,046Net Assets 2014: $87,6572014Assets 2015: $19,760Liabilities 2015: $949Net Assets 2015: $18,8112015Assets 2016: $12,772Liabilities 2016: $249Net Assets 2016: $12,5232016Assets 2017: $9,216Liabilities 2017: $48Net Assets 2017: $9,1682017Assets 2018: $3,625Liabilities 2018: $759Net Assets 2018: $2,8662018Assets 2019: $21,200Liabilities 2019: $53Net Assets 2019: $21,1472019Assets 2020: $19,194Liabilities 2020: $9,104Net Assets 2020: $10,0902020Assets 2021: $12,660Liabilities 2021: $9,104Net Assets 2021: $3,5562021Assets 2022: $17,647Liabilities 2022: $0Net Assets 2022: $17,6472022Assets 2023: $5,674Liabilities 2023: $0Net Assets 2023: $5,6742023Assets 2024: $10,469Liabilities 2024: $0Net Assets 2024: $10,4692024

Highlighted filing

2014

Assets$88,703
Liabilities$1,046
Net Assets$87,657
Open 2014 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $232,864Expenses 2011: $220,276Net Income 2011: $12,5882011Revenue 2012: $248,579Expenses 2012: $211,534Net Income 2012: $37,0452012Revenue 2013: $211,007Expenses 2013: $221,304Net Income 2013: -$10,2972013Revenue 2014: $189,804Expenses 2014: $224,362Net Income 2014: -$34,5582014Revenue 2015: $105,484Expenses 2015: $174,330Net Income 2015: -$68,8462015Revenue 2016: $84,746Expenses 2016: $91,034Net Income 2016: -$6,2882016Revenue 2017: $89,311Expenses 2017: $92,666Net Income 2017: -$3,3552017Revenue 2018: $88,989Expenses 2018: $95,291Net Income 2018: -$6,3022018Revenue 2019: $109,363Expenses 2019: $91,082Net Income 2019: $18,2812019Revenue 2020: $80,016Expenses 2020: $91,073Net Income 2020: -$11,0572020Revenue 2021: $88,497Expenses 2021: $95,031Net Income 2021: -$6,5342021Revenue 2022: $91,988Expenses 2022: $77,897Net Income 2022: $14,0912022Revenue 2023: $78,652Expenses 2023: $90,625Net Income 2023: -$11,9732023Revenue 2024: $91,342Expenses 2024: $86,547Net Income 2024: $4,7952024

Highlighted filing

2014

Revenue$189,804
Expenses$224,362
Net Income-$34,558
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 12, 2015
Return Version
2014v5.0
Gross Receipts
$189,804
Mission and Program Overview

Mission

Discipleship counseling and retreat ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$122,215$87,657▼ $34,558
Cash and Non-Interest-Bearing Accounts$120,559$84,029▼ $36,530
Land, Buildings, and Equipment, Net$2,698$1,958▼ $740
Prepaid Expenses and Deferred Charges$1,001$1,461▲ $460
Total Assets$125,513$88,703▼ $36,810
Other Assets Total$1,255$1,255→ $0
Liabilities
Accounts Payable and Accrued Expenses$3,298$1,046▼ $2,252
Total Liabilities$3,298$1,046▼ $2,252
Net Assets / Fund Balance
Total Net Assets Fund Balance$122,215$87,657▼ $34,558
Total Liabilities and Net Assets / Fund Balance$125,513$88,703▼ $36,810

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,958$5,109$7,067
Other Assets Org$1,255--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
George M SpessardExecutive DirectorFT$51,077$20,400$71,477
Brian CairnsExecutive DirectorFT$40,990$25,950$66,940

Board Members and Trustees

NameTitle
Brad SteeleExecutive Director
Gregory BishopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$189,729
Investment Income
$0
Other Revenue
$75
Change in Net Assets
$-34,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$175,370
Other Expenses$48,992
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,050$55,367-$138,417
Other Employee Benefits$17,946$11,964-$29,910
Fees for Services Other$10,441$6,960-$17,401
Occupancy$8,951$5,968-$14,919
Office Expenses$5,420$3,614-$9,034
Payroll Taxes$4,226$2,817-$7,043
Insurance$2,062$1,375-$3,437
Other Expenses$977$650-$1,627
Depreciation Depletion$444$296-$740
Fees for Services Accounting$375$250-$625
Total Functional Expenses$134,617$89,745$0$224,362
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

“There are no committees or subcommittees.”

Form 990 governing body review Part VI line 11

“No, form 990 is reviewed by the executive director before filing. It is then distributed to the other board members for review.”

Governing documents etc available to public Part VI line 19

“Documents are made available upon written request to the ministry.”

Filing and Contact Details

Filer

Filer Name
Grace Summit Inc
EIN
20-1381671
Address
2304 MACY DRIVE, ROSWELL, GA 30076

Signing Officer

Name
George M Spessard
Title
Executive Direc
Phone
7709981000
Signed
2015-02-12
Discuss with paid preparer
Yes

Organization Details

Formed
2004
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
1
Employees
2

Preparer

Firm
Ferrero Lester Pc
Address
2000 PROFESSIONAL WAY STE 100A, WOODSTOCK, GA 30188
Preparer
Walter Ferrero CPA
Phone
7709261377
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN CAIRNS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES OR SUBCOMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO, FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE FILING. IT IS THEN DISTRIBUTED TO THE OTHER BOARD MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST TO THE MINISTRY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089745
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134617
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224362
IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherCompensationAmt046350
IRS990/TotalProgramServiceExpensesAmt0134617
IRS990/TotalProgramServiceRevenueAmt0189729
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0189804
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IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.GRACESUMMITINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE M SPESSARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum07709981000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE SUMMIT INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0201381671
ReturnHeader/Filer/USAddress/AddressLine1Txt02304 MACY DRIVE
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FERRERO LESTER PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02000 PROFESSIONAL WAY STE 100A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODSTOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030188
ReturnHeader/PreparerPersonGrp/PhoneNum07709261377
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Walter Ferrero CPA
ReturnHeader/ReturnTs02015-02-25T12:09:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$88,703
Liabilities
$1,046
Net assets
$87,657
Revenue
$189,804
Expenses
$224,362
Net income
-$34,558
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.91$0.87$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.00$0.06$0.79$0.91$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.92$0.78$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.09$0.04$0.88$0.95$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.09$0.10$0.80$0.91$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$1.09$0.91$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.03$0.89$0.95$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.89$0.93$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.85$0.91$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$1.05$1.74$0.69
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$1.90$2.24$0.35
2013Detailed filing. Detailed filing data is available for this year.$1.26$0.03$1.22$2.11$2.21$0.10
2012Summary only. Only limited summary data is available for this year.$1.38$0.05$1.33$2.49$2.12$0.37
2011Summary only. Only limited summary data is available for this year.$1.02$0.07$0.95$2.33$2.20$0.13