Civic Intelligence

Gracewater

990 • Fiscal year 2023 • EIN 82-4425191

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileGRACEWATER.ORG
1660 Highway 16 EYazoo City, MS 39194

(662) 571-8861

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

22nd percentile

-16%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-45%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

50%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$53,395

Down $43,810 (-45%) from 2022

Net Assets

Down

$53,395

Down $43,810 (-45%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin22nd percentile

Revenue

Up

$270,116

Up $89,696 (+50%) from 2022

Expenses

Up

$313,926

Up $55,816 (+22%) from 2022

Net Income

Up

-$43,810

Up $33,880 (+44%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$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

2023

Assets$53,395
Liabilities$0
Net Assets$53,395
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$270,116
Expenses$313,926
Net Income-$43,810
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$270,116
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$97,205$53,395▼ $43,810
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$97,205$53,395▼ $43,810
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,205$53,395▼ $43,810
Total Net Assets Fund Balance$97,205$53,395▼ $43,810
Total Liabilities and Net Assets / Fund Balance$97,205$53,395▼ $43,810

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$31,601$31,601
Compensation and Service Providers
Top Officer Pay78th 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
$270,116
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$270,116
Change in Net Assets
$-43,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,776
Grants and Similar Amounts Paid$142,150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$160,437--$160,437
Foreign Grants$112,150--$112,150
Grants to Domestic Orgs$30,000--$30,000
Office Expenses-$4,442-$4,442
Fees for Services Accounting$2,880--$2,880
Other Expenses$1,158$222-$222
Interest-$74-$74
Information Technology$16--$16
Total Functional Expenses$309,148$4,778$0$313,926
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brookwood Baptist ChurchJacksonville, NC501(c)(3)Support of Mission Work in Zimbabwe$20,000
Fair Haven Ministries IncCitronelle, AL501(c)(3)Support of Mission Work in Zimbabwe$10,000

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
2024-11-15
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 AppendixShowing 400 of 404 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.

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IRS990/MissionDesc0OUR 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/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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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/Total501c3OrgCnt00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT OF MISSION WORK IN ZIMBABWE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT OF MISSION WORK IN ZIMBABWE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FAIR HAVEN MINISTRIES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BROOKWOOD BAPTIST CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0261436292
IRS990ScheduleI/RecipientTable/RecipientEIN1561806176
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08600 WALTER STEWART ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1903 HENDERSON DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CITRONELLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1JACKSONVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd036522
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128540
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRACEWATER CHOOSES CHARITABLE ORGANIZATIONS WHO HAVE PROGRAMS IN LINE WITH THE PROGRAMS AND MISSIONS OF GRACEWATER.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
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/TotalAssetsBOYAmt097205
IRS990/TotalAssetsEOYAmt053395
IRS990/TotalAssetsGrp/BOYAmt097205
IRS990/TotalAssetsGrp/EOYAmt053395
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0270116
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04778
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0309148
IRS990/TotalFunctionalExpensesGrp/TotalAmt0313926
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt097205
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt053395
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0309148
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270116
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt097205
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053395
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06625718861
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
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/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY WATTS
ReturnHeader/ReturnTs02024-11-15T13:05:52-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,395
Liabilities
$0
Net assets
$53,395
Revenue
$270,116
Expenses
$313,926
Net income
-$43,810
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