Nonprofit · EIN 20-1381671
GRACE SUMMIT INC
Tax-exempt · ROSWELL, GA 30076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $91,342 | $86,547 | $4,795 | $10,469 | $0 | $10,469 |
| December 31, 2023 | 990 | $78,652 | $90,625 | -$11,973 | $5,674 | $0 | $5,674 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $91,342
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,500
- Salaries, compensation and benefits (total)
- $75,798
- Professional fundraising fees
- $0
- Occupancy
- $5,700
- Depreciation
- $139
- Program services (functional)
- $51,928
- Management and general (functional)
- $34,619
Balance sheet and other
- Total assets, start of year
- $5,674
- Total assets, end of year
- $10,469
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,469
- Land, buildings and equipment
- $208
- Gross receipts
- $91,342
- Employees
- 1
- Year formed
- 2004
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE M SPESSARD | CEOEXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
| GREGORY BISHOP | SECRETARYTREASURER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY BISHOP | SECRETARYTREASURER Trustee or director | 0.5 | $0 |
| GEORGE M SPESSARD | CEOEXECUTIVE DIRECTOR Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2302 MACY DR, ROSWELL, GA 30076-6342
- In care of
- % GEORGE M SPESSARD
- Signed the 990
- GEORGE M SPESSARD, CEOEXECUTIVE DIRECTOR
- Phone
- (770) 998-1000
- Website
- WWW.GRACESUMMITINC.ORG
- Return prepared by
- WFCPA LLC
Mission
DISCIPLESHIP COUNSELING AND RETREAT MINISTRY.
Program accomplishments
- DISCIPLESHIP COUNSELING - COUNSELED INDIVIDUALS AND FAMILIES. MANY HAD GIVEN UP HOPE IN THEIR WORK, MARRIAGES, FAITH AND LIFE.Expenses $51,928 · revenue $55,567
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1381671
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $10,469
- Income (IRS master file)
- $91,342
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $91,342 | $86,547 | $10,469 | XML |
| 990 | December 2023 | $78,652 | $90,625 | $5,674 | IRS |
| 990 | December 2022 | $91,988 | $77,897 | $17,647 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1381671).
Questions about GRACE SUMMIT INC
- What is the EIN of GRACE SUMMIT INC?
- The employer identification number (EIN) of GRACE SUMMIT INC is 20-1381671.
- Is GRACE SUMMIT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to GRACE SUMMIT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE SUMMIT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRACE SUMMIT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE SUMMIT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of GRACE SUMMIT INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does GRACE SUMMIT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $91,342, expenses of $86,547 and total assets of $10,469 at year end.
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