Civic Intelligence

Grace Summit Inc.

990 • Fiscal year 2022 • EIN 20-1381671

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 16, 2023

Organization ProfileWWW.GRACESUMMITINC.ORG
515 E Crossville Rd Ste 240Roswell, GA 30075

(678) 836-9985

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

66th percentile

15%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

81st percentile

39%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

3.9%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$17,647

Up $4,987 (+39%) from 2021

Net Assets

Up

$17,647

Up $14,091 (+396%) from 2021

Liabilities

Down

$0

Down $9,104 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin66th percentile

Revenue

Up

$91,988

Up $3,491 (+3.9%) from 2021

Expenses

Down

$77,897

Down $17,134 (-18%) from 2021

Net Income

Up

$14,091

Up $20,625 (+316%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2022

Assets$17,647
Liabilities$0
Net Assets$17,647
Open 2022 Filing

Operations Trend

Revenue Growth45th 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

2022

Revenue$91,988
Expenses$77,897
Net Income$14,091
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 16, 2023
Return Version
2022v5.0
Gross Receipts
$91,988
Mission and Program Overview

Mission

Discipleship counseling and retreat ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,556$17,647▲ $14,091
Cash and Non-Interest-Bearing Accounts$11,697$17,046▲ $5,349
Land, Buildings, and Equipment, Net$963$578▼ $385
Prepaid Expenses and Deferred Charges-$23-
Total Assets$12,660$17,647▲ $4,987
Liabilities
Unsecured Notes Loans Payable$9,104--
Total Liabilities$9,104$0▼ $9,104
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,556$17,647▲ $14,091
Total Liabilities and Net Assets / Fund Balance$12,660$17,647▲ $4,987

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$578$7,694$8,272
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
George M SpessardCeoexecutive Director
Gregory BishopSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$91,988
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$14,091
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$66,109
Other Expenses$11,788
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$30,900$20,600-$51,500
Other Employee Benefits$7,260$4,840-$12,100
Occupancy$3,600$2,400-$6,000
Payroll Taxes$1,505$1,004-$2,509
Fees for Services Other$783$522-$1,305
Fees for Services Accounting$479$319-$798
Depreciation Depletion$232$154-$386
Other Expenses$157$105-$262
Information Technology$148$99-$247
All Other Expenses$23$16-$39
Total Functional Expenses$46,738$31,159$0$77,897
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
515 E CROSSVILLE RD STE 240, ROSWELL, GA 30075

Signing Officer

Name
George M Spessard
Title
Ceoexecutive D
Phone
7709981000
Signed
2023-10-16
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Wfcpa LLC
Address
PO Box 3589, SUWANEE, GA 30024
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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IRS990/TotalProgramServiceRevenueAmt091988
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09104
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt082884
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt091988
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012660
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017647
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt09104
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.GRACESUMMITINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE M SPESSARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOEXECUTIVE D
ReturnHeader/BusinessOfficerGrp/PhoneNum07709981000
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE SUMMIT INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0201381671
ReturnHeader/Filer/USAddress/AddressLine1Txt0515 E CROSSVILLE RD STE 240
ReturnHeader/Filer/USAddress/CityNm0ROSWELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030075
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861210108
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WFCPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 3589
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SUWANEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030024
ReturnHeader/PreparerPersonGrp/PhoneNum07709261377
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Walter Ferrero CPA
ReturnHeader/ReturnTs02023-11-05T11:21:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GEORGE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPESSARD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,647
Liabilities
$0
Net assets
$17,647
Revenue
$91,988
Expenses
$77,897
Net income
$14,091
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