Civic Intelligence

New Grace Ministries Inc

EIN 84-2159455 • 501(c)3 • Asheville, NC

Profile

Preach the gospel of jesus christ as revealed in the scripture and consistent with baptist distinctives. Establish a bi lingual christian congregation

82 West Oak View RoadAsheville, NC 28806
Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

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

NTEE X20 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

3655%

Higher net margin than 100% of similar nonprofits.

NTEE X20 • <$500k nonprofits • Source year 2024

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

NTEE X20 • <$500k nonprofits • Source year 2024

Asset Growth

92nd percentile

221%

Faster asset growth than 92% of similar nonprofits.

NTEE X20 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$322,781

Up $291,535 (+933%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$322,781

Up $291,535 (+933%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$1,104

Down $36,104 (-103%) from 2022

Expenses

Up

$39,242

Up $20,325 (+107%) from 2022

Net Income

Down

-$40,346

Down $56,429 (-351%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth92nd percentile

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

$400K$300K$200K$100K$0Assets 2022: $31,246Liabilities 2022: $0Net Assets 2022: $31,2462022Assets 2024: $322,781Liabilities 2024: $0Net Assets 2024: $322,7812024

Highlighted filing

2024

Assets$322,781
Liabilities$0
Net Assets$322,781
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40K$20K$0-$20K-$40K-$60KRevenue 2022: $35,000Expenses 2022: $18,917Net Income 2022: $16,0832022Revenue 2024: -$1,104Expenses 2024: $39,242Net Income 2024: -$40,3462024

Highlighted filing

2024

Revenue-$1,104
Expenses$39,242
Net Income-$40,346
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$322,781
Liabilities
$0
Net assets
$322,781
Revenue
-$1,104
Expenses
$39,242
Net income
-$40,346
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.00$3.23$0.01$0.39$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.00$0.31$0.35$0.19$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$343,012
Mission and Program Overview

Mission

Preach the gospel of jesus christ as revealed in the scripture and consistent with baptist distinctives. Establish a bi lingual christian congregation

Preach the gospel of jesus christ and establish a bi lingual christian congregation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$338,000--
Rtn Earn Endowment Incm Other Fnds$363,127$322,781▼ $40,346
Savings and Temporary Cash Investments-$200,000-
Cash and Non-Interest-Bearing Accounts$25,127$122,781▲ $97,654
Total Assets$363,127$322,781▼ $40,346
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$363,127$322,781▼ $40,346
Total Liabilities and Net Assets / Fund Balance$363,127$322,781▼ $40,346
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Carl SolesbeeOfficer
Janet SolebeeOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$0
Investment Income
$-6,104
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-40,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,480
Grants and Similar Amounts Paid$13,762
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$24,493--$24,493
Foreign Grants$8,762--$8,762
Grants to Domestic Orgs$5,000--$5,000
Office Expenses$987--$987
Total Functional Expenses$39,242$0$0$39,242
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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

Part VI 11B

“Board members meet with accountant to review and sign the tax return as well as discuss operating procedures”

Filing and Contact Details

Filer

Filer Name
New Grace Ministries Inc
EIN
84-2159455
Phone
8287126868
Address
82 WEST OAK VIEW ROAD, ASHEVILLE, NC 28806

Signing Officer

Name
Carl Solesbee
Title
President
Phone
8287126868
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Solesbee
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
2

Preparer

Firm
Accounting Specialists of as
Address
394 MERRIMON AVE, ASHEVILLE, NC 28801
Preparer
Marie Young
Phone
8287745455
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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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