Civic Intelligence

Grace Like Rain Inc

990 • Fiscal year 2022 • EIN 81-2233677

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 09, 2023

Organization Profilewww.givinggrace.org
306 N Loop 288 112Denton, TX 76209

(940) 294-6411

Siviq Scores

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

Liabilities / Assets

56th percentile

0.09x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

0.49x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

47th percentile

5.5%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$12,808

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

58th percentile

4.7%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

1.9%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$4,228,462

Up $190,281 (+4.7%) from 2021

Net Assets

Up

$3,836,370

Up $13,805 (+0.4%) from 2021

Liabilities

Up

$392,092

Up $176,476 (+82%) from 2021

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin47th percentile

Revenue

Up

$800,857

Up $14,820 (+1.9%) from 2021

Expenses

Down

$757,133

Down $58,447 (-7.2%) from 2021

Net Income

Up

$43,724

Up $73,267 (+248%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$6.0M$4.0M$2.0M$0Assets 2017: $94,148Liabilities 2017: $1,182Net Assets 2017: $92,9662017Assets 2018: $186,062Liabilities 2018: $0Net Assets 2018: $186,0622018Assets 2019: $3,888,214Liabilities 2019: $5,898Net Assets 2019: $3,882,3162019Assets 2020: $3,921,162Liabilities 2020: $69,054Net Assets 2020: $3,852,1082020Assets 2021: $4,038,181Liabilities 2021: $215,616Net Assets 2021: $3,822,5652021Assets 2022: $4,228,462Liabilities 2022: $392,092Net Assets 2022: $3,836,3702022Assets 2023: $4,201,659Liabilities 2023: $326,470Net Assets 2023: $3,875,1892023Assets 2024: $4,923,849Liabilities 2024: $444,637Net Assets 2024: $4,479,2122024

Highlighted filing

2022

Assets$4,228,462
Liabilities$392,092
Net Assets$3,836,370
Open 2022 Filing

Operations Trend

Revenue Growth43rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $251,191Expenses 2017: $162,778Net Income 2017: $88,4132017Revenue 2018: $490,514Expenses 2018: $397,418Net Income 2018: $93,0962018Revenue 2019: $4,117,253Expenses 2019: $415,846Net Income 2019: $3,701,4072019Revenue 2020: $808,421Expenses 2020: $845,583Net Income 2020: -$37,1622020Revenue 2021: $786,037Expenses 2021: $815,580Net Income 2021: -$29,5432021Revenue 2022: $800,857Expenses 2022: $757,133Net Income 2022: $43,7242022Revenue 2023: $1,554,404Expenses 2023: $1,515,585Net Income 2023: $38,8192023Revenue 2024: $2,264,300Expenses 2024: $1,660,277Net Income 2024: $604,0232024

Highlighted filing

2022

Revenue$800,857
Expenses$757,133
Net Income$43,724
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 9, 2023
Return Version
2022v5.0
Gross Receipts
$831,643
Mission and Program Overview

Mission

Grace Like Rain's mission is to Transform lives by providing resources, relationships and community with the love of Jesus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,808,600$3,808,600→ $0
Cash and Non-Interest-Bearing Accounts$144,643$164,958▲ $20,315
Pledges and Grants Receivable-$40,419-
Accounts Receivable$206$36,007▲ $35,801
Prepaid Expenses and Deferred Charges-$7,167-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,038,181$4,228,462▲ $190,281
Other Assets Total$84,732$171,311▲ $86,579
Liabilities
Deferred Revenue$80,932$219,472▲ $138,540
Unsecured Notes Loans Payable$103,262$76,825▼ $26,437
Other Liabilities-$75,853-
Accounts Payable and Accrued Expenses$31,422$19,942▼ $11,480
Total Liabilities$215,616$392,092▲ $176,476
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,807,565$3,808,854▲ $1,289
Net Assets With Donor Restrictions$15,000$27,516▲ $12,516
Total Net Assets Fund Balance$3,822,565$3,836,370▲ $13,805
Total Liabilities and Net Assets / Fund Balance$4,038,181$4,228,462▲ $190,281

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,808,600-$3,808,600
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elissa PolleyCPOFT$12,808$12,808
Michelle ConnerCEOFT$10,577$10,577

Board Members and Trustees

NameTitle
Paul StaudacherPresident
Alex AllenDirector
Briel HendersonDirector
Courtney StuckyDirector
Elaine HerzogDirector
Jason StewartDirector
Jim MannDirector
Matt FarrisDirector
Pat CheekDirector
Ron DavisDirector
Stephanie SiddleDirector
Kara KirkleyImm Past Pres
Gayle HennigTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$819,188
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-18,331
All Other Contributions
$729,393
Change in Net Assets
$43,724

Audited Revenue Reconciliation

Revenue per Audited Statements
$800,857
Revenue Not Reported on Form 990
$24,477
Total Revenue per Audited Statements
$825,334
Total Revenue per Form 990
$800,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$340,463
Other Expenses$317,381
Grants and Similar Amounts Paid$99,289
Total Fundraising Expense$96,628
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$200,768$57,635$28,022$286,425
Occupancy$172,250$6,959$3,100$182,309
Grants to Domestic Individuals$99,289--$99,289
Advertising--$41,450$41,450
Office Expenses$16,082$5,695$18,402$40,179
Information Technology-$24,098-$24,098
Current Officers, Directors, Trustees, and Key Employees$10,523$10,523$2,339$23,385
Fees for Services Accounting-$23,274-$23,274
Payroll Taxes$15,771$3,427$2,422$21,620
Other Employee Benefits$6,155$1,985$893$9,033
Insurance-$6,071-$6,071
Total Functional Expenses$520,838$139,667$96,628$757,133

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$778,110
Expenses per Audited Statements$757,133
Total Expenses per Form 990$757,133
Expenses Not Reported on Form 990$20,977
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$30,786
Fundraising Gross Income$12,455
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$20,583-$114-
Night of Hope$81,667$12,455$11,817$638
Total Events$102,250$12,455$30,786$-18,331
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$75,853
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is distributed to each board member prior to its filing. At the next following scheduled meeting of the board, the return is reviewed.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed annually during a regularly scheduled board meeting.”

Form 990, Part VI, Section B, Line 15A

“The executive director requests hiring of new personnel at board of directors meetings. The board approves the request and the executive director hires the appropriate worker.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Form 990, Part VIII Income From Fundraising Events

“The net economic benefit from our fundraising events is calculated as follows:contributions from fundraising events reported on part viii, line 1c $ 89,795gross income from fundraising events reported on part viii, line 8a 12,455less: direct costs of events reported on part viii, line 8b (30,786) net economic benefit of fundraising events $ 71,464”

Filing and Contact Details

Filer

Filer Name
Grace Like Rain Inc
EIN
81-2233677
Phone
9402946411
Address
306 N LOOP 288 112, DENTON, TX 76209

Signing Officer

Name
Michelle Conner
Title
CEO
Signed
2023-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Conner
Formed
2016
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
13
Employees
19
Volunteers
100

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Grace like rain, inc. Acquired giving hope, inc. In 2022.”

Form 990, Part XI, Line 9

“Loss on acquisition = -$33419”

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is exempt from income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended December 31, 2022. Accordingly, no provision has been made for income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of December 31, 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMM PAST PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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IRS990/InformationTechnologyGrp/TotalAmt024098
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IRS990/InterestGrp/TotalAmt00
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Grace Like Rain's mission is to Transform lives by providing resources, relationships and community with the love of Jesus.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt016082
IRS990/OfficeExpensesGrp/TotalAmt040179
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0893
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01985
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt09033
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt028022
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057635
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0200768
IRS990/OtherSalariesAndWagesGrp/TotalAmt0286425
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02422
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03427
IRS990/PayrollTaxesGrp/ProgramServicesAmt015771
IRS990/PayrollTaxesGrp/TotalAmt021620
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt040419
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07167
IRS990/PrincipalOfficerNm0MICHELLE CONNER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0808469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04091118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0452681
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0452681
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06995825
IRS990ScheduleA/TotalSupportAmt06995825
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleD/DonatedServicesUseFcltsAmt020977
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03808600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03808600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt024477
IRS990ScheduleD/RevenueSubtotalAmt0800857
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended December 31, 2022. Accordingly, no provision has been made for income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of December 31, 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,228,462
Liabilities
$392,092
Net assets
$3,836,370
Revenue
$800,857
Expenses
$757,133
Net income
$43,724
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.44$4.48$2.26$1.66$0.60
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.20$0.33$3.88$1.55$1.52$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.23$0.39$3.84$0.80$0.76$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.04$0.22$3.82$0.79$0.82$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$0.07$3.85$0.81$0.85$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.89$0.01$3.88$4.12$0.42$3.70
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.49$0.40$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.25$0.16$0.09