Nonprofit · EIN 01-0543513
GRACE EVANGELICAL INC
Tax-exempt · BANGOR, ME 04401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $224,515 | $390,591 | -$166,076 | $479,641 | $20,678 | $458,963 |
| June 30, 2024 | 990 | $137,335 | $304,232 | -$166,897 | $638,610 | $13,531 | $625,079 |
| June 30, 2023 | 990 | $399,859 | $215,291 | $184,568 | $734,771 | $2,294 | $732,477 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $104,590
- Program service revenue
- $53,500
- Investment income
- $66,425
- Net gain from sales of assets
- $54,945
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $80,000
- Other salaries and wages
- $104,552
- Salaries, compensation and benefits (total)
- $199,081
- Professional fundraising fees
- $0
- Accounting fees
- $1,150
- Occupancy
- $7,682
- Travel
- $7,168
- Depreciation
- $2,442
- Program services (functional)
- $184,326
- Management and general (functional)
- $108,690
- Fundraising (functional)
- $97,575
Balance sheet and other
- Total assets, start of year
- $638,610
- Total assets, end of year
- $479,641
- Total liabilities, end of year
- $20,678
- Net assets, end of year
- $458,963
- Land, buildings and equipment
- $2,047
- Publicly traded securities
- $450,995
- Net assets without donor restrictions
- $370,550
- Net assets with donor restrictions
- $88,413
- Gross receipts
- $402,563
- Employees
- 17
- Volunteers
- 5
- Year formed
- 2002
- State of legal domicile
- ME
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CULBERTSON | DIRECTOR Trustee or director, Officer | 40 | $70,000 |
| TERRENCE SMITH | DIRECTOR Trustee or director, Officer | 40 | $10,000 |
| MARK KAMEN | TRUSTEE Trustee or director | 2 | $0 |
| MOLLY SPARLING | CHAIR Trustee or director, Officer | 6 | $0 |
| REV DR JERRY MICK | TRUSTEE Trustee or director | 2 | $0 |
| BOB BERRY | TRUSTEE Trustee or director | 0.5 | $0 |
| DUSKA THURSTON | TRUSTEE Trustee or director | 1 | $0 |
| PHIL CAMILL | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES CULBERTSON | DIRECTOR Trustee or director, Officer | 40 | $69,039 |
| TERRENCE SMITH | DIRECTOR Trustee or director, Officer | 40 | $22,123 |
| MARK KAMEN | TRUSTEE Trustee or director | 2 | $0 |
| MOLLY SPARLING | CHAIR Trustee or director, Officer | 6 | $0 |
| REV DR JERRY MICK | TRUSTEE Trustee or director | 2 | $0 |
| BOB BERRY | TRUSTEE Trustee or director | 0.5 | $0 |
| DUSKA THURSTON | TRUSTEE Trustee or director | 1 | $0 |
| PHIL CAMILL | TRUSTEE Trustee or director | 2 | $0 |
| NICK HENRY | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRENCE SMITH | DIRECTOR Trustee or director, Officer | 40 | $20,000 |
| MARK KAMEN | TRUSTEE Trustee or director | 2 | $0 |
| MOLLY SPARLING | CHAIR Trustee or director, Officer | 6 | $0 |
| REV DR JERRY MICK | TRUSTEE Trustee or director | 2 | $0 |
| BOB BERRY | TRUSTEE Trustee or director | 0.5 | $0 |
| DUSKA THURSTON | TRUSTEE Trustee or director | 1 | $0 |
| PHIL CAMILL | TRUSTEE Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 502 ODLIN RD, BANGOR, ME 04401-6708
- In care of
- % W LYMAN PHILLIPS
- Principal officer (990 for 2024)
- MOLLY SPARLING, 502 ODLIN RD, BANGOR, ME 04401
- Signed the 990
- MOLLY SPARLING, CHAIR
- Phone
- (207) 947-6576
- Return prepared by
- HAVERLOCK ESTEY & CURRAN LLC
Mission
TO EDUCATE, EQUIP AND PROVIDE SERVANT LEADERS FOR THE BODY OF CHRIST TO FULFILL THE GREAT COMMISSION.
Program accomplishments
- TO ADMINISTER CHRISTIAN POST-SECONDARY EDUCATION.Expenses $184,326 · revenue $53,500
What it must file and when
IRS records say it files Not required (religious organization). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0543513
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Not required (religious organization)
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $479,641
- Income (IRS master file)
- $402,563
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $224,515 | $390,591 | $479,641 | IRS |
| 990 | June 2024 | $137,335 | $304,232 | $638,610 | IRS |
| 990 | June 2023 | $399,859 | $215,291 | $734,771 | XML |
| 990 | June 2022 | $255,917 | $228,808 | $521,827 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 01-0543513).
Questions about GRACE EVANGELICAL INC
- What is the EIN of GRACE EVANGELICAL INC?
- The employer identification number (EIN) of GRACE EVANGELICAL INC is 01-0543513.
- Is GRACE EVANGELICAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to GRACE EVANGELICAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE EVANGELICAL INC file?
- Form Not required (religious organization).
- When is the next return of GRACE EVANGELICAL 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 EVANGELICAL 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 EVANGELICAL INC?
- The 990 for the year ended June 30, 2025 names MOLLY SPARLING.
- Who are the officers and directors of GRACE EVANGELICAL INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $70,000 (JAMES CULBERTSON, DIRECTOR).
- How much revenue does GRACE EVANGELICAL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $224,515, expenses of $390,591 and total assets of $479,641 at year end.
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