Grace Christian Church Mechanicsville Inc

EIN: 541135179 501(c)(3) Religion

Mechanicsville, VA

Total Revenue
$1,121,154
Total Expenses
$1,083,940
Total Assets
$6,658,140
Net Assets
$169,342
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
William Pannell
Phone
8047465765
Tax Period
2024-01-01 to 2024-12-31

Grace Christian Church Mechanicsville Inc is a small nonprofit in the Religion sector that reported $571K in total revenue in fiscal year 2022.

Mission

What we believe, we exist to Love God, Love People, and Impact the World for Future Generations.Our Mission is to Love God in worship and obedience. The Bible is our standard; we will do what God calls us to do; Love People by selflessly serving and engaging people from all walks of life; Impact the World by strategically reaching out in this community and the world with the Gospel of Jesus Christ through community and international service.We believe in one God, existing in three persons the Father, the Son, and the HolySpirit; equal in power and respect; eternal in nature, omnipresent; omniscient:omnipotent; having the same attributes, character, and perfection. (Genesis 1:26,Matthew 28:18-19, and John 1:1-2,14,18.)We believe that Jesus is the Christ, the Son of God; who, conceived of the Holy Spirit and born of the virgin Mary, became man. He physically died on a cross; was literally resurrected on the third day to redeem sinful man; and is now exalted at the right hand of God, as o

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $658,244
Program Service Revenue $0
Investment Income $0
Other Revenue $462,910
TOTAL REVENUE $1,121,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,492
Fundraising Expenses $0
Other Expenses $897,448
TOTAL EXPENSES $1,083,940

Year-over-Year Comparison

2024 2023 Change
Revenue $1,121,154 $573,079 +1.0%
Expenses $1,083,940 $596,315 +0.8%
Net Income $37,214 $-23,236 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Skip Ransone Chairman 0.00
Director
$0 $0 $0
Pete Morris Chairman 0.00
Director
$0 $0 $0
William Pannell Chairman 0.00
Director
$0 $0 $0
Ken Blackwell President 0.00
Officer
$0 $0 $0
David Williams Vice President 0.00
Officer
$0 $0 $0
Robert Paylor Secretary 0.00
Officer
$0 $0 $0
Tom Agnew Treasurer 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,121,154 $1,083,940 $6,658,140 $37,214
2024 $658,244 $644,800 $93,131 $13,444
2023 $573,079 $596,315 $81,316 $-23,236
2023 $818,629 $782,132 $6,828,508 $36,497
2022 $570,542 $569,028 $106,131 $1,514
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