Grace Mercy & Truth Foundation Inc in Stockbridge, Georgia (GA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Grace Mercy & Truth Foundation Inc | |
| Employer Identification Number (EIN) | 300130905 |
| Name of Organization | Grace Mercy & Truth Foundation Inc |
| In Care of Name | David Floyd Sect |
| Address | PO BOX 1219, Stockbridge, GA 30281-8219 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $23,161 |
| Amount of Income | $236 |
| Form 990 Revenue Amount | $236 |
| National Taxonomy of Exempt Entities (NTEE) | Religion-Related, Spiritual Development: Christian |
Non-representatives - add comments:
Amount of income in 2011: $236 (it was $1,706 in 2010)
| Grace Mercy & Truth Foundation Inc: | $236 |
| Other organizations performing similar types of work: | $110,332 |
Assets in 2011: $23,161 (it was $24,972 in 2010)
| Grace Mercy & Truth Foundation Inc: | $23,161 |
| Other organizations performing similar types of work: | $46,611 |
Expenses in 2011: $2,047
| This organization: | $2,047 |
| Other organizations performing similar types of work: | $113,715 |
Income to expenses ratio in 2011: 0.1
| Grace Mercy & Truth Foundation Inc: | 0.1 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 87.1% |
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $236 | $236 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $236 | |||
| Total expenses and disbursements | $2,047 | $161 | $886 | $1,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,047 | $161 | $0 | |
| Contributions, gifts, grants paid | $1,000 | |||
| Excess of revenue over expenses and disbursements | $-1,811 | |||
| Net investment income | $75 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $23,161 | $23,161 |
| Cash - non-interest-bearing | $4,630 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $17,964 | |
| Other | $567 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $23,161 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $2 |
| Total credits and payments | $93 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $93 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $0 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Overpayment | $91 |
| Amount to be credited to 2012 estimated tax | $91 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $26,322 |
| Net value of noncharitable-use assets | $25,920 |
| Minimum investment return | $1,296 |
| Distributable Amount (for 2011) | |
| Distributable amount | $0 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $0 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $75 | $176 | $338 | $0 | $589 |
| Qualifying distributions made directly for active conduct of exempt activities | $999 | $3,500 | $2,000 | $4,013 | $10,512 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $743 | $739 | $959 | $1,091 | $3,532 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Voice Of The Martyrs Inc | 1815 Se Bison Rd, Bartlesville, OK 74006-7234 | OK | 2000-02 | $43,837,958 |
| 2 | Spirit And Truth International Worship Center Inc, Spirit And Truth Worship Center | PO BOX 862, Loganville, GA 30052-0862 | GA | 2006-12 | $117,043 |
| 3 | Hope Commission International Inc | PO BOX 2613, Loganivlle, GA 30052 | GA | 2007-03 | $43,875 |
| 4 | Citizen Foundation | 5193 Austell Rd, Austell, GA 30106-2833 | GA | 2009-07 | $18,000 |
| 5 | Helping Hands Ministry Outreach Inc | 879 Holden Ln, College Park, GA 30349-6463 | GA | 2008-04 | $14,911 |
| 6 | Mission 2 Kenya Inc | 3061 Elmendorf Ln Nw, Kennesaw, GA 30144-7426 | GA | 2007-08 | $8,826 |
| 7 | Spearman Ovbije International Leadership Soil Foundation Inc | PO BOX 966, Clarkston, GA 30021 | GA | 2007-08 | $1,500 |
| 8 | Storm Chaser Ministries | 2667 Kingsgate Way Nw, Acworth, GA 30101-8336 | GA | 2006-12 | $225 |
| 9 | A House Of The Living God Church Of Jesus Christ Cojc Inc | Po Box 402, Manchester, GA 31816 | GA | 2009-08 | $0 |
| 10 | Abundant Life Outreach Center Inc | 115 North College St, Fitzgerald, GA 31750 | GA | 2006-12 | $0 |
| 11 | Buford Korean Presbyterian Churchinc | 1325 Satellite Blvd Nw Ste 1602, Suwanee, GA 30024-4652 | GA | 2008-08 | $0 |
| 12 | Calvary Garden City Fellowship | 1081 Hancock Mill Ln, Hephzibah, GA 30815-4396 | GA | 2009-06 | $0 |
| 13 | Chariots Of Fire Ministries Inc | 1660 Highway 138 Sw, Riverdale, GA 30296-1119 | GA | 1999-11 | $0 |
| 14 | Christ Central Christian Ministries Worldwide Inc | PO BOX 71028, Albany, GA 31708-1028 | GA | 2007-07 | $0 |
| 15 | Cornerstone Of Hope Ministries | 4900 Shellnut Path, Hoschton, GA 30548-1805 | GA | 2007-02 | $0 |
| 16 | David F Stephens Ministries | 4041 Mumford Rd, Macon, GA 31204 | GA | 2007-03 | $0 |
| 17 | Deaf Harvest International Inc | 1012 Battersea Place, Locust Grove, GA 30248 | GA | 2008-05 | $0 |
| 18 | Dominion Ministries Inc | 85 Centipide Dr, Covington, GA 30016-8549 | GA | 2001-04 | $0 |
| 19 | Eva Crews Myers Childrens Outreach Ministry Inc | 770 Bovine Road, Sylvania, GA 30467 | GA | 1999-05 | $0 |
| 20 | Faith Tabernacle Of Praise | 4431 Saddle Bend Trl, Snellville, GA 30039-5982 | GA | 2006-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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