Civic Intelligence

Gracewater

EIN 82-4425191 • 501(c)3 • Yazoo City, MS

Profile

Our mission is simply to give grace with water. We are driven by the desire to help communities experience god's grace through the gift of water. 783 million people and millions of communities around the globe are in a water crisis! We are passionate about being a part of the solution, as well as pursuing our mission to educate their community about the love of christ. Through the drilling of wells in communities, we found a need for orphan training and have begun to help train and equip them in discipleship and life skills.

1660 Highway 16 EYazoo City, MS 39194

gracewater.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

57th percentile

5.6%

Higher net margin than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

86th percentile

46%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

64%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$78,080

Up $24,685 (+46%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$78,080

Up $24,685 (+46%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin57th percentile

Revenue

Up

$441,973

Up $171,857 (+64%) from 2023

Expenses

Up

$417,288

Up $103,362 (+33%) from 2023

Net Income

Up

$24,685

Up $68,495 (+156%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth86th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2018: $83,804Liabilities 2018: $0Net Assets 2018: $83,8042018Assets 2019: $190,030Liabilities 2019: $0Net Assets 2019: $190,0302019Assets 2020: $228,568Liabilities 2020: $0Net Assets 2020: $228,5682020Assets 2021: $174,895Liabilities 2021: $0Net Assets 2021: $174,8952021Assets 2022: $97,205Liabilities 2022: $0Net Assets 2022: $97,2052022Assets 2023: $53,395Liabilities 2023: $0Net Assets 2023: $53,3952023Assets 2024: $78,080Liabilities 2024: $0Net Assets 2024: $78,0802024

Highlighted filing

2024

Assets$78,080
Liabilities$0
Net Assets$78,080
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $130,789Expenses 2018: $46,985Net Income 2018: $83,8042018Revenue 2019: $177,266Expenses 2019: $71,040Net Income 2019: $106,2262019Revenue 2020: $155,057Expenses 2020: $116,519Net Income 2020: $38,5382020Revenue 2021: $158,403Expenses 2021: $212,076Net Income 2021: -$53,6732021Revenue 2022: $180,420Expenses 2022: $258,110Net Income 2022: -$77,6902022Revenue 2023: $270,116Expenses 2023: $313,926Net Income 2023: -$43,8102023Revenue 2024: $441,973Expenses 2024: $417,288Net Income 2024: $24,6852024

Highlighted filing

2024

Revenue$441,973
Expenses$417,288
Net Income$24,685
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$78,080
Liabilities
$0
Net assets
$78,080
Revenue
$441,973
Expenses
$417,288
Net income
$24,685
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$4.42$4.17$0.25
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.00$0.53$2.70$3.14$0.44
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.80$2.58$0.78
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$1.58$2.12$0.54
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$1.55$1.17$0.39
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$1.77$0.71$1.06
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$1.31$0.47$0.84
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$441,973
Mission and Program Overview

Mission

Our mission is simply to give grace with water. We are driven by the desire to help communities experience god's grace through the gift of water. 783 million people and millions of communities around the globe are in a water crisis! We are passionate about being a part of the solution, as well as pursuing our mission to educate their community about the love of christ. Through the drilling of wells in communities, we found a need for orphan training and have begun to help train and equip them in discipleship and life skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,395$78,080▲ $24,685
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$53,395$78,080▲ $24,685
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,395$78,080▲ $24,685
Total Net Assets Fund Balance$53,395$78,080▲ $24,685
Total Liabilities and Net Assets / Fund Balance$53,395$78,080▲ $24,685

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$31,601$31,601
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Nick KingPresident
Ann KingDirector
Price DonahooDirector
Richard PickensDirector
Roger JonesDirector
Virgil KingDirector
Daniel ColeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$441,973
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$441,973
Change in Net Assets
$24,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$234,020
Other Expenses$183,268
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$224,020--$224,020
Conferences and Meetings$133,849--$133,849
Fees for Services Other$14,700--$14,700
Fees for Services Accounting$5,000$5,000-$10,000
Grants to Domestic Individuals$10,000--$10,000
Other Expenses$3,837--$3,837
Office Expenses-$998-$998
Total Functional Expenses$411,290$5,998$0$417,288
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Yes
Audit committee
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

Form 990, Part VI, Section A, Line 2

“Board members nick and ann king are spouses. Board member virgil king is the father of nick king.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have separate committees within the board.”

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

“The form 990 is circulated to the board of directors for their review and approval prior to the filing of the tax return.”

Form 990, Part VI, Section C, Line 19

“As a general rule, the organization does not make its governing documents or financial statements available to the public. Any written request would be reviewed and acted upon by the board.”

Filing and Contact Details

Filer

Filer Name
Gracewater
EIN
82-4425191
Phone
6625718861
Address
1660 HIGHWAY 16 E, YAZOO CITY, MS 39194

Signing Officer

Name
Nick King
Title
President
Phone
6625718861
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick King
Formed
2018
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Warren Averett LLC
Address
2500 ACTON ROAD, BIRMINGHAM, AL 35243
Preparer
Stacy Watts
Phone
2059794100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization made no changes to its oversight process or selection process during the tax year.”

Raw XML Appendix378 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
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IRS990/ActivityOrMissionDesc0OUR MISSION IS SIMPLY TO GIVE GRACE WITH WATER. WE ARE DRIVEN BY THE DESIRE TO HELP COMMUNITIES EXPERIENCE GOD'S GRACE THROUGH THE GIFT OF WATER. 783 MILLION PEOPLE AND MILLIONS OF COMMUNITIES AROUND THE GLOBE ARE IN A WATER CRISIS! WE ARE PASSIONATE ABOUT BEING A PART OF THE SOLUTION, AS WELL AS PURSUING OUR MISSION TO EDUCATE THEIR COMMUNITY ABOUT THE LOVE OF CHRIST. THROUGH THE DRILLING OF WELLS IN COMMUNITIES, WE FOUND A NEED FOR ORPHAN TRAINING AND HAVE BEGUN TO HELP TRAIN AND EQUIP THEM IN DISCIPLESHIP AND LIFE SKILLS.
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IRS990/CollectionsOfArtInd00
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IRS990/Desc0THROUGH GRACEWATER, WE PARTNER WITH LOCAL CHURCHES WHO ARE AFFECTED WITH A WATER CRISIS. OUR TEAM DRILLS WATER WELLS TO MEET THE COMMUNITIES NEED FOR CLEAN WATER WHILE ALSO SPREADING THE GOSPEL OF JESUS CHRIST.
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IRS990/Form990PartVIISectionAGrp/PersonNm2ROGER JONES
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0GRACE INSTITUTE IS A PROGRAM WHERE WE TRAIN ORPHANS IN THE TRADE OF FARMING. THESE YOUNG MEN ARE RECOMMENDED TO THE PROGRAM BY PASTORS WHO GRACEWATER HAS PARTNERED WITH IN DRILLING WATER WELLS. THE YOUNG MEN COME TO THE GRACE INSTITUTE FARM FOR 12-18 MONTHS AND LEARN FARMING SKILLS AND ARE DISCIPLED BY OUR CHAPLAIN. OUR GOAL IS TO EQUIP THEM WITH A TRADE AND LEAD THEM DEEPER IN THEIR FAITH.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031601
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031601
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0224020
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0N/A
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL AND PROGRAM SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ASSISTANCE TO HURRICANE VICTIMS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0CASES OF BOTTLED WATER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02520
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRACEWATER CHOOSES CHARITABLE ORGANIZATIONS WHO HAVE PROGRAMS IN LINE WITH THE PROGRAMS AND MISSIONS OF GRACEWATER.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS NICK AND ANN KING ARE SPOUSES. BOARD MEMBER VIRGIL KING IS THE FATHER OF NICK KING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE SEPARATE COMMITTEES WITHIN THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS CIRCULATED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO THE FILING OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS A GENERAL RULE, THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ANY WRITTEN REQUEST WOULD BE REVIEWED AND ACTED UPON BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MADE NO CHANGES TO ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt053395
IRS990/TotalAssetsEOYAmt078080
IRS990/TotalAssetsGrp/BOYAmt053395
IRS990/TotalAssetsGrp/EOYAmt078080
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0441973
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05998
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0411290
IRS990/TotalFunctionalExpensesGrp/TotalAmt0417288
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt053395
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt078080
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0411290
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0441973
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt053395
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt078080
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01660 HIGHWAY 16 E
IRS990/USAddress/CityNm0YAZOO CITY
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039194
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0GRACEWATER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06625718861
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACEWATER
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0824425191
ReturnHeader/Filer/PhoneNum06625718861
ReturnHeader/Filer/USAddress/AddressLine1Txt01660 HIGHWAY 16 E
ReturnHeader/Filer/USAddress/CityNm0YAZOO CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039194
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454084437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WARREN AVERETT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02500 ACTON ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BIRMINGHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035243
ReturnHeader/PreparerPersonGrp/PhoneNum02059794100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY WATTS
ReturnHeader/ReturnTs02025-11-17T07:41:44-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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