Grace Song Inc.

990EZ • Fiscal year 2013 • EIN 75-2787392

Sep 01, 2012 to Aug 31, 2013 • Filed on Dec 13, 2013

Organization Profile WWW.GRACESONG.US

4930 West Bellfort77035

Siviq Scores

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

0.85x

Higher debt load relative to assets than 93% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.05x

Higher debt load relative to revenue than 76% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-13%

Higher net margin than 21% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-55%

Faster asset growth than 7% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

27%

Faster revenue growth than 76% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets93rd percentile

Assets

Down

$2,111

Down $2,566 (-55%) from 2012

Net Assets

$311

No earlier filing loaded for comparison.

Liabilities

$1,800

Up $1,800 from 2012

Revenue And Expenses

Liabilities / Revenue76th percentile Net Margin21st percentile

Revenue

$34,918

Up $7,439 (+27%) from 2012

Expenses

$39,284

Up $10,627 (+37%) from 2012

Net Income

Down

-$4,366

Down $3,188 (-271%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

Highlighted filing

2013

Assets$2,111

Liabilities$1,800

Net Assets$311

Open 2013 Filing

Operations Trend

Revenue Growth76th percentile

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

Highlighted filing

2013

Revenue$34,918

Expenses$39,284

Net Income-$4,366

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Sep 1, 2012 to Aug 31, 2013
Signed: Dec 13, 2013
Return Version: 2012v2.3

Mission and Program Overview

Mission

Grace song, inc exists to endow, underwrite, produce and develop the grace note music series.

Filing and Contact Details

Filer

EIN: 75-2787392

Raw XML Appendix152 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
CompensationExplanation/Compensation/PersonName	0	KEITH WEBER
CompensationExplanation/Compensation/PersonName	1	VERN SUTTON
CompensationExplanation/Compensation/PersonName	2	CARROLL ROESLER
CompensationExplanation/Compensation/PersonName	3	BARBARA SKJONSBY
CompensationExplanation/Compensation/PersonName	4	NICOLE CASAREZ
CompensationExplanation/Compensation/PersonName	5	CYNTHIA CLAYTON
IRS990EZ/ActivitiesNotPreviouslyRpt	0	false
IRS990EZ/AddressChange	0	X
IRS990EZ/CashSavingsAndInvestments/BOY	0	4427
IRS990EZ/CashSavingsAndInvestments/EOY	0	1861
IRS990EZ/ContributionsGiftsGrantsEtc	0	34918
IRS990EZ/DidOrgFileForm1120POLThisYear	0	false
IRS990EZ/DoesOrgHaveHospital	0	false
IRS990EZ/EngagedInExcessBenefitTrans	0	false
IRS990EZ/EngageInLobbyingActivities	0	false
IRS990EZ/EngagePoliticalCmpgnActivities	0	false
IRS990EZ/ExcessOrDeficitForYear	0	-4366
IRS990EZ/FeesAndOthPymtToIndContractors	0	25167
IRS990EZ/FiledScheduleA	0	true
IRS990EZ/ForeignFinancialAccount	0	false
IRS990EZ/ForeignOffice	0	false
IRS990EZ/GrossReceipts	0	34918
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InfoInScheduleOPartIII	0	X
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	false
IRS990EZ/MadeLoansToFromOfficers	0	false
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	false
IRS990EZ/MethodOfAccountingCash	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	4677
IRS990EZ/NetAssetsOrFundBalancesBOY	0	4677
IRS990EZ/NetAssetsOrFundBalances/EOY	0	311
IRS990EZ/NetAssetsOrFundBalancesEOY	0	311
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	15.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	000.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	2	000.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	3.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	4	000.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	5	000.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	5342
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	4	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	KEITH WEBER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	VERN SUTTON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	CARROLL ROESLER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	BARBARA SKJONSBY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	4	NICOLE CASAREZ
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	5	CYNTHIA CLAYTON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	ARTISTIC DIR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	4	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	5	DIRECTOR
IRS990EZ/OperatingSchool	0	false
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	false
IRS990EZ/OrganizationHadUBI	0	false
IRS990EZ/OtherAssetsTotal/BOY	0	250
IRS990EZ/OtherAssetsTotal/EOY	0	250
IRS990EZ/OtherExpensesTotal	0	8775
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	GRACE SONG, INC EXISTS TO ENDOW, UNDERWRITE, PRODUCE AND DEVELOP THE GRACE NOTE MUSIC SERIES.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	THIS WAS OUR 17TH SEASON PRESENTING FOUR CONCERTS PER YEAR IN THE GRACE NOTE MUSIC SERIES AT VARIOUS VENUES IN SOUTHEAST TEXAS. THE ORGANIZATION'S ACCOMPLISHMENTS INCLUDE: 1) PRESENTING CLASSICAL VOCAL CHAMBER, CHORAL AND KEYBOARD CONCERTS UNIQUE IN THEIR THEMATIC AND NARRATIVE CONTENT, TYPICALLY DRIVEN BY A WEAVING OF STORIES IN THE BIBLICAL TEXTS THEMSELVES, WITH A BALANCE OF NEW AND ESTABLISHED, LOCAL AND INTERNATIONAL TALENT; 2) DISCOVERING AND AIDING THE DEVELOPMENT OF EXCITING YOUNG SINGERS AS THEY MAKE THE TRANSITION INTO THEIR CAREERS AS FULL-TIME, WORKING SINGERS; AND 3) COMMISSIONING NEW WORKS, LARGE AND SMALL.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	39134
IRS990EZ/ProhibitedTaxShelterTrans	0	false
IRS990EZ/RelatedOrgControlledEntity	0	false
IRS990EZ/SalariesOtherCompEmplBenefits	0	5342
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SubjectToProxyTax	0	false
IRS990EZ/SumOfTotalLiabilities/EOY	0	1800
IRS990EZ/TanningServicesProvided	0	false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	10006 BOB WHITE DR
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	HOUSTON
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	TX
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	77096
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	CARROLL ROESLER
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	2813811023
IRS990EZ/TotalAssets/BOY	0	4677
IRS990EZ/TotalAssets/EOY	0	2111
IRS990EZ/TotalExpenses	0	39284
IRS990EZ/TotalProgramServiceExpenses	0	39134
IRS990EZ/TotalRevenue	0	34918
IRS990EZ/TransactionWithControlEntity	0	false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	false
IRS990EZ/WebSite	0	WWW.GRACESONG.US
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear	0	34918
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year	0	27479
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years	0	41357
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years	0	11932
IRS990ScheduleA/GiftsGrantsContribReceived509/Total	0	115686
IRS990ScheduleA/InvestmentIncomePercentage	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2	0	X
IRS990ScheduleA/PublicSupportPercentage509	0	1.00000
IRS990ScheduleA/PublicSupportTotal509	0	115686
IRS990ScheduleA/ThirtyThreePercntTestsCY509	0	X
IRS990ScheduleA/Total509/CurrentTaxYear	0	34918
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year	0	27479
IRS990ScheduleA/Total509/CurrentTaxYearMinus2Years	0	41357
IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years	0	11932
IRS990ScheduleA/Total509/Total	0	115686
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYear	0	34918
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year	0	27479
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus2Years	0	41357
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years	0	11932
IRS990ScheduleA/TotalSupportTotal/Total	0	115686
IRS990ScheduleO/GeneralExplanation/Explanation	0	EXPENSES ADVERTISING 1,474 OFFICE EXPENSE 150 CONCERT EXPENSES 7,151 TOTAL 8,775
IRS990ScheduleO/GeneralExplanation/Explanation	1	PREPAID EXPENSES AND DEFERRED CHARGES 250 250 TOTAL 250 250
IRS990ScheduleO/GeneralExplanation/Explanation	2	UNSECURED NOTES AND LOANS PAYABLE 0 1,800
IRS990ScheduleO/GeneralExplanation/Explanation	3	GRACE SONG, INC EXISTS TO ENDOW, UNDERWRITE, PRODUCE AND DEVELOP THE GRACE NOTE MUSIC SERIES.
IRS990ScheduleO/GeneralExplanation/Explanation	4	THIS WAS OUR 17TH SEASON PRESENTING FOUR CONCERTS PER YEAR IN THE GRACE NOTE MUSIC SERIES AT VARIOUS VENUES IN SOUTHEAST TEXAS. THE ORGANIZATION'S ACCOMPLISHMENTS INCLUDE: 1) PRESENTING CLASSICAL VOCAL CHAMBER, CHORAL AND KEYBOARD CONCERTS UNIQUE IN THEIR THEMATIC AND NARRATIVE CONTENT, TYPICALLY DRIVEN BY A WEAVING OF STORIES IN THE BIBLICAL TEXTS THEMSELVES, WITH A BALANCE OF NEW AND ESTABLISHED, LOCAL AND INTERNATIONAL TALENT; 2) DISCOVERING AND AIDING THE DEVELOPMENT OF EXCITING YOUNG SINGERS AS THEY MAKE THE TRANSITION INTO THEIR CAREERS AS FULL-TIME, WORKING SINGERS; AND 3) COMMISSIONING NEW WORKS, LARGE AND SMALL.
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	1	OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/Identifier	3	PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/GeneralExplanation/Identifier	4	FIRST ACCOMPLISHMENT
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/GeneralExplanation/ReturnReference	3	FORM 990-EZ, PART III
IRS990ScheduleO/GeneralExplanation/ReturnReference	4	FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS	0	2016-02-25 16:41:14Z
ReturnHeader/Filer/EIN	0	752787392
ReturnHeader/Filer/Name/BusinessNameLine1	0	GRACE SONG INC
ReturnHeader/Filer/NameControl	0	GRAC
ReturnHeader/Filer/Phone	0	8324079663
ReturnHeader/Filer/USAddress/AddressLine1	0	4930 WEST BELLFORT
ReturnHeader/Filer/USAddress/City	0	HOUSTON
ReturnHeader/Filer/USAddress/State	0	TX
ReturnHeader/Filer/USAddress/ZIPCode	0	77035
ReturnHeader/Officer/AuthorizeThirdParty	0	true
ReturnHeader/Officer/DateSigned	0	2013-12-13
ReturnHeader/Officer/Name	0	CARROLL ROESLER
ReturnHeader/Officer/Phone	0	8324079663
ReturnHeader/Officer/Title	0	TREASURER
ReturnHeader/Preparer/DatePrepared	0	2013-12-16
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	DAVID W CASTLE CPA PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	9801 WESTHEIMER RD STE 302
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	HOUSTON
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	77042
ReturnHeader/Preparer/Name	0	DAVID W CASTLE
ReturnHeader/Preparer/Phone	0	7136299770
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-09-01
ReturnHeader/TaxPeriodEndDate	0	2013-08-31
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2013-12-16T14:30:30-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $2,111
Liabilities: $1,800
Net assets: $311
Revenue: $34,918
Expenses: $39,284
Net income: -$4,366

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.39		$0.39	$7.25	$8.62	$1.37
2023Detailed filing. Detailed filing data is available for this year.	$1.75		$1.75	$7.88	$8.42	$0.54
2022Detailed filing. Detailed filing data is available for this year.	$2.30		$2.30	$9.51	$7.60	$1.92
2021Detailed filing. Detailed filing data is available for this year.	$0.38		$0.38	$7.68	$10.5	$2.79
2020Detailed filing. Detailed filing data is available for this year.	$3.17		$3.17	$12.5	$13.3	$0.80
2019Detailed filing. Detailed filing data is available for this year.	$3.98		$3.98	$8.96	$9.25	$0.29
2018Detailed filing. Detailed filing data is available for this year.	$4.27		$4.27	$22.7	$18.8	$3.87
2017Detailed filing. Detailed filing data is available for this year.	$0.40		$0.40	$8.34	$9.25	$0.91
2016Detailed filing. Detailed filing data is available for this year.	$1.31		$1.31	$14.7	$17.2	$2.47
2015Detailed filing. Detailed filing data is available for this year.	$3.78		$3.78	$21.8	$18.2	$3.59
2014Detailed filing. Detailed filing data is available for this year.	$0.18		$0.18	$16.3	$16.4	$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.11	$1.80	$0.31	$34.9	$39.3	$4.37
2012Summary only. Only limited summary data is available for this year.	$4.68	$0.00		$27.5	$28.7	$1.18
2011Summary only. Only limited summary data is available for this year.	$5.86	$0.00		$41.4	$38.7	$2.70