Grace Pointe Center

Overview

Grace Pointe Center is a 501(c)(3) nonprofit organization dedicated to assisting individuals in financial distress. The organization operates primarily by collecting donations of clothing and household items from the community, which are then sold in a retail thrift store. The revenue generated from these sales is used to provide financial aid to those in need, serving as a bridge between community resources and individuals requiring assistance.

Mission Statement

The mission of Grace Pointe Center is to support individuals facing financial hardships by leveraging community donations. Through its thrift store operations, the organization promotes a culture of reuse and recycling, while ensuring that essential support reaches those who need it most.

Financial Operations

For the fiscal year ending in 2022, Grace Pointe Center reported a total revenue of $124,308. The majority of this revenue, amounting to $109,069, came from program services, which include sales at the thrift store. Contributions accounted for $15,209, while investment income was minimal at $30[1][2].

Governance

The organization is led by Angela D. Akers, who serves as the Executive Director. Her compensation for the fiscal year ending in 2022 was $30,000[2]. Other key members, such as board members and the Secretary Treasurer, did not receive compensation during that period.

Impact

Grace Pointe Center plays a significant role in community support by not only providing financial assistance but also by promoting sustainable practices through the reuse of donated items. The organization's thrift store model helps ensure that resources are efficiently allocated to those most in need.

Assets and Liabilities

As of the end of the fiscal year 2022, Grace Pointe Center had total assets of $54,822 and no reported liabilities[1][2]. This financial health indicates stability and efficient management of resources.

Transparency

Grace Pointe Center maintains transparency by filing annual tax returns, specifically Form 990EZ, which is accessible to the public. This adherence to reporting requirements ensures accountability and operational legitimacy[1][2].

[1] https://givefreely.com/charity-directory/nonprofit/ein-474506401/ [2] https://projects.propublica.org/nonprofits/organizations/474506401 [3] https://www.gracepte.com [4] http://www.gracepte.com [5] https://projects.propublica.org/nonprofits/organizations/474506401/202231319349202458/full