Civic Intelligence

Grace Line Inc

990 • Fiscal year 2023 • EIN 86-1040503

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profilewww.graceline.net
5011 Briar Tree DriveDallas, TX 75248

(602) 622-1033

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$54,408

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

16th percentile

-7.6%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$2,069,367

Down $169,166 (-7.6%) from 2022

Net Assets

Down

$2,068,994

Down $169,166 (-7.6%) from 2022

Liabilities

Flat

$373

Flat from 2022

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin92nd percentile

Revenue

Up

$359,529

Up $35,903 (+11%) from 2022

Expenses

Up

$153,906

Up $34,743 (+29%) from 2022

Net Income

Up

$205,623

Up $1,160 (+0.6%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $554,881Liabilities 2011: $0Net Assets 2011: $554,8812011Assets 2012: $637,084Liabilities 2012: $0Net Assets 2012: $637,0842012Assets 2013: $743,163Liabilities 2013: $0Net Assets 2013: $743,1632013Assets 2014: $892,637Liabilities 2014: $0Net Assets 2014: $892,6372014Assets 2015: $1,022,060Liabilities 2015: $0Net Assets 2015: $1,022,0602015Assets 2016: $1,101,089Liabilities 2016: $0Net Assets 2016: $1,101,0892016Assets 2017: $1,449,537Liabilities 2017: $0Net Assets 2017: $1,449,5372017Assets 2018: $1,643,285Liabilities 2018: $0Net Assets 2018: $1,643,2852018Assets 2019: $1,763,087Liabilities 2019: $0Net Assets 2019: $1,763,0872019Assets 2020: $1,814,844Liabilities 2020: $0Net Assets 2020: $1,814,8442020Assets 2021: $2,033,697Liabilities 2021: $0Net Assets 2021: $2,033,6972021Assets 2022: $2,238,533Liabilities 2022: $373Net Assets 2022: $2,238,1602022Assets 2023: $2,069,367Liabilities 2023: $373Net Assets 2023: $2,068,9942023Assets 2024: $2,092,411Liabilities 2024: $2,476Net Assets 2024: $2,089,9352024

Highlighted filing

2023

Assets$2,069,367
Liabilities$373
Net Assets$2,068,994
Open 2023 Filing

Operations Trend

Revenue Growth57th percentile

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

$400K$300K$200K$100K$0Expenses 2011: $32,9572011Expenses 2012: $36,4312012Revenue 2013: $133,387Expenses 2013: $34,744Net Income 2013: $98,6432013Revenue 2014: $195,967Expenses 2014: $47,960Net Income 2014: $148,0072014Revenue 2015: $177,111Expenses 2015: $47,237Net Income 2015: $129,8742015Revenue 2016: $164,530Expenses 2016: $46,196Net Income 2016: $118,3342016Revenue 2017: $365,386Expenses 2017: $51,380Net Income 2017: $314,0062017Revenue 2018: $247,743Expenses 2018: $53,995Net Income 2018: $193,7482018Revenue 2019: $277,062Expenses 2019: $157,260Net Income 2019: $119,8022019Revenue 2020: $243,589Expenses 2020: $191,832Net Income 2020: $51,7572020Revenue 2021: $327,026Expenses 2021: $108,173Net Income 2021: $218,8532021Revenue 2022: $323,626Expenses 2022: $119,163Net Income 2022: $204,4632022Revenue 2023: $359,529Expenses 2023: $153,906Net Income 2023: $205,6232023Revenue 2024: $227,973Expenses 2024: $207,032Net Income 2024: $20,9412024

Highlighted filing

2023

Revenue$359,529
Expenses$153,906
Net Income$205,623
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$359,529
Mission and Program Overview

Mission

The organization provides speakers to teach at local churches in order to further the gospel of Jesus Christ. Additionally, the organization mentors others to train and equip them for Christian ministry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,238,160$2,068,994▼ $169,166
Investments in Publicly Traded Securities$1,391,661$1,762,049▲ $370,388
Investments Other Securities$117,280$119,780▲ $2,500
Savings and Temporary Cash Investments$687,705$93,610▼ $594,095
Cash and Non-Interest-Bearing Accounts$40,747$89,906▲ $49,159
Land, Buildings, and Equipment, Net$600$3,482▲ $2,882
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,238,533$2,069,367▼ $169,166
Other Assets Total$540$540→ $0
Liabilities
Accounts Payable and Accrued Expenses$373$373→ $0
Total Liabilities$373$373→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,238,160$2,068,994▼ $169,166
Total Liabilities and Net Assets / Fund Balance$2,238,533$2,069,367▼ $169,166

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,482$57,594$61,076
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Fred ChayPresidentPT$54,408$54,408

Board Members and Trustees

NameTitle
Craig SkillicornDirector
Jim O'ConnorDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$318,176
Program Service Revenue
$700
Investment Income
$39,683
Other Revenue
$970
All Other Contributions
$318,176
Change in Net Assets
$205,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$77,272
Other Expenses$76,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons-$60,000-$60,000
Occupancy$36,038$9,010-$45,048
Current Officers, Directors, Trustees, and Key Employees$8,932$3,750-$12,682
All Other Expenses$3,729$931-$4,660
Payroll Taxes$3,672$918-$4,590
Other Expenses$2,287$572-$2,859
Fees for Services Accounting$2,012$503-$2,515
Office Expenses$1,342$336-$1,678
Fees for Services Other$440$110-$550
Depreciation Depletion$256$64-$320
Total Functional Expenses$73,911$79,995$0$153,906
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Marsha ChayPres fam memberEmploymentNo$32,000
John ChayPres fam memberEmploymentNo$28,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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 B, Line 11B

“The form 990 is reviewed by the President and made available to other individuals upon request. Board members are emailed copies of return ahead of filing.”

Form 990, Part VI, Section C, Line 19

“Governing documents and completed Form 990 are provided upon request.”

Filing and Contact Details

Filer

Filer Name
Grace Line Inc
EIN
86-1040503
Phone
6026221033
Address
5011 Briar Tree Drive, Dallas, TX 75248

Signing Officer

Name
Fred Chay
Title
President
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred Chay
Formed
2001
Legal Domicile
Az
Voting Board Members
2
Independent Board Members
2
Employees
2

Preparer

Firm
Regier Cox and Associates PLLC
Address
5225 N Shartel Ave Ste 100, Oklahoma City, OK 73118
Preparer
Susan A Regier CPA
Phone
4057670531
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IRS990/Desc0Grace Line's president, Dr. Chay, taught a weekly adult Sunday Bible Class at Grace Bible Church in Dallas,TX. Video and audio recordings of these presentations have been made available on YouTube the www.GraceLine.net.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt057598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt047455
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039977
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0277038
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0935
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0421
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01356
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63440
IRS990ScheduleA/PublicSupportPY170Pct00.59720
IRS990ScheduleA/PublicSupportTotal170Amt0868605
IRS990ScheduleA/SubstantialContributorsTotAmt0222111
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0318176
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0230915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0176779
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0168584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0196262
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01090716
IRS990ScheduleA/TotalSupportAmt01369110
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03482
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057594
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061076
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03482
IRS990ScheduleD/TotalBookValueSecuritiesAmt0119780
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0John Chay
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Marsha Chay
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Pres fam member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Pres fam member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt028000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt132000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Employment
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Employment
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is reviewed by the President and made available to other individuals upon request. Board members are emailed copies of return ahead of filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents and completed Form 990 are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02238533
IRS990/TotalAssetsEOYAmt02069367
IRS990/TotalAssetsGrp/BOYAmt02238533
IRS990/TotalAssetsGrp/EOYAmt02069367
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0318176
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt079995
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt073911
IRS990/TotalFunctionalExpensesGrp/TotalAmt0153906
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0373
IRS990/TotalLiabilitiesEOYAmt0373
IRS990/TotalLiabilitiesGrp/BOYAmt0373
IRS990/TotalLiabilitiesGrp/EOYAmt0373
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02238160
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02068994
IRS990/TotalProgramServiceExpensesAmt073911
IRS990/TotalProgramServiceRevenueAmt0700
IRS990/TotalReportableCompFromOrgAmt054408
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt041353
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0359529
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02238533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02069367
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05011 Briar Tree Drive
IRS990/USAddress/CityNm0Dallas
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075248
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.graceline.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Fred Chay
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Grace Line Inc
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0861040503
ReturnHeader/Filer/PhoneNum06026221033
ReturnHeader/Filer/USAddress/AddressLine1Txt05011 Briar Tree Drive
ReturnHeader/Filer/USAddress/CityNm0Dallas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075248
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843806480
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Regier Cox and Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05225 N Shartel Ave Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oklahoma City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd073118
ReturnHeader/PreparerPersonGrp/PhoneNum04057670531
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Susan A Regier CPA
ReturnHeader/ReturnTs02024-11-13T12:11:37-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,069,367
Liabilities
$373
Net assets
$2,068,994
Revenue
$359,529
Expenses
$153,906
Net income
$205,623
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.00$2.09$0.23$0.21$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.36$0.15$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.00$2.24$0.32$0.12$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.00$2.03$0.33$0.11$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.00$1.81$0.24$0.19$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.00$1.76$0.28$0.16$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$0.25$0.05$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.00$1.45$0.37$0.05$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.00$1.10$0.16$0.05$0.12
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$0.18$0.05$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.20$0.05$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.13$0.03$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.00$0.64$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.03