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Nonprofit · EIN 20-3111703

GRACE NETWORK OF MARTINSVILLE & HENRY CO INC

Tax-exempt · MARTINSVILLE, VA 24112

Financials

$524K$526K2023$536K$592K2024
Revenue Expenses · by fiscal year end
Financials of GRACE NETWORK OF MARTINSVILLE & HENRY CO INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$535,548$591,933-$56,385$707,445$39,457$667,988
June 30, 2024990$524,494$526,322-$1,828$794,744$70,371$724,373
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$509,497
Program service revenue
$978
Investment income
$26,957
Net income from fundraising events
-$1,884
Other revenue
-$1,884

Expenses

Grants and similar amounts paid
$402,590
Compensation of officers, directors and key employees
$82,791
Salaries, compensation and benefits (total)
$92,749
Professional fundraising fees
$0
Accounting fees
$2,700
Occupancy
$51,197
Program services (functional)
$538,537
Management and general (functional)
$40,291
Fundraising (functional)
$13,105

Balance sheet and other

Total assets, start of year
$794,744
Total assets, end of year
$707,445
Total liabilities, end of year
$39,457
Net assets, end of year
$667,988
Publicly traded securities
$54,435
Net assets without donor restrictions
$591,467
Net assets with donor restrictions
$76,521
Gross receipts
$578,634
Employees
2
Volunteers
535
Year formed
2006
State of legal domicile
VA

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Larissa RashMember
Trustee or director
0.25$0
Linda DorrVice President
Trustee or director, Officer
4.25$0
Shannon MenefeeMember
Trustee or director
0.25$0
Joyce StaplesMember
Trustee or director
1$0
Bobby JoyceMember
Trustee or director
8.25$0
Gene TeagueMember
Trustee or director
1.25$0
Lillian HollandSecretary
Trustee or director, Officer
4.25$0
Devin PageTreasurer
Trustee or director, Officer
2$0
Rick CurryMember
Trustee or director
4.25$0
Jim ReaghardPresident
Trustee or director, Officer
4.25$0
Beverly LyleMember
Trustee or director
0.25$0
990 for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensation
Larissa RashMember
Trustee or director
0.25$0
Matthew BrownVice President
Trustee or director, Officer
0.25$0
Frances TuckerMember
Trustee or director
0.25$0
Dennis KnightMember
Trustee or director
1.25$0
Mary NesterMember
Trustee or director
0.25$0
Shannon MenefeeMember
Trustee or director
0.25$0
Joyce StaplesMember
Trustee or director
1$0
Linda DorrMember
Trustee or director
4.25$0
Bobby JoyceMember
Trustee or director
8.25$0
Gene TeagueMember
Trustee or director
1.25$0
Lillian HollandSecretary
Trustee or director, Officer
4.25$0
Devin PageTreasurer
Trustee or director, Officer
2$0
Rick CurryMember
Trustee or director
4.25$0
Jim ReaghardPresident
Trustee or director, Officer
4.25$0
Beverly LyleMember
Trustee or director
0.25$0

Address and contacts

Address (IRS master file)
16 LIBERTY ST, MARTINSVILLE, VA 24112-2702
In care of
% TRACY LEE HINCHCLIFF
Principal officer (990 for 2024)
Jim Reaghard, 1103 Mulberry Road, Martinsville, VA 24112
Signed the 990
Jim Reaghard, President
Phone
(276) 638-8500
Return prepared by
Frith & Associates CPAs P C

Mission

Grace Network is a first-stop center of resources for residents of Martinsville and Henry County where essential life needs and referrals are provided by caring volunteers building a stronger community.

990 for the year ended June 30, 2025

Program accomplishments

  • Center for resources for residents of Martinsville and Henry County where essential life needs and referrals are provided. Cash donations are used to pay directly the service providers of rent, utilities, mortgages, prescriptions and home weatherization. 2,907 clients requested assistance and 1,115 of that number received help in the amount of $236,724 (actual cash expended for utilities, etc). Total program expense was $314,318.
    Expenses $314,318 · grants $236,724
  • Center for resources for residents of Martinsville and Henry County where essential life needs and referrals are provided. Our food pantry accepts non-cash donations of food and hygiene items. A total of 1,246 households comprised of 2,490 individuals were provided with $165,866 items of food from the food pantry. Total program expense was $224,219.
    Expenses $224,219 · grants $165,866

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
20-3111703
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
June
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P80)
Assets (IRS master file)
$707,445
Income (IRS master file)
$578,634

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$535,548$591,933$707,445XML
990June 2024$524,494$526,322$794,744XML
990June 2023$590,877$500,165$827,529IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 20-3111703).

Questions about GRACE NETWORK OF MARTINSVILLE & HENRY CO INC

What is the EIN of GRACE NETWORK OF MARTINSVILLE & HENRY CO INC?
The employer identification number (EIN) of GRACE NETWORK OF MARTINSVILLE & HENRY CO INC is 20-3111703.
Is GRACE NETWORK OF MARTINSVILLE & HENRY CO INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to GRACE NETWORK OF MARTINSVILLE & HENRY CO INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRACE NETWORK OF MARTINSVILLE & HENRY CO 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 NETWORK OF MARTINSVILLE & HENRY CO INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRACE NETWORK OF MARTINSVILLE & HENRY CO INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of GRACE NETWORK OF MARTINSVILLE & HENRY CO INC?
The 990 for the year ended June 30, 2025 names Jim Reaghard.
Who are the officers and directors of GRACE NETWORK OF MARTINSVILLE & HENRY CO INC?
The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
How much revenue does GRACE NETWORK OF MARTINSVILLE & HENRY CO INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $535,548, expenses of $591,933 and total assets of $707,445 at year end.

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