Nonprofit · EIN 82-4425191
GRACEWATER
Tax-exempt · YAZOO CITY, MS 39194
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $441,973 | $417,288 | $24,685 | $78,080 | $0 | $78,080 |
| December 31, 2023 | 990 | $270,116 | $313,926 | -$43,810 | $53,395 | $0 | $53,395 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $441,973
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $234,020
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,000
- Program services (functional)
- $411,290
- Management and general (functional)
- $5,998
Balance sheet and other
- Total assets, start of year
- $53,395
- Total assets, end of year
- $78,080
- Total liabilities, end of year
- $0
- Net assets, end of year
- $78,080
- Net assets without donor restrictions
- $78,080
- Gross receipts
- $441,973
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2018
- State of legal domicile
- MS
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 |
|---|---|---|---|
| NICK KING | PRESIDENT Trustee or director | 5 | $0 |
| DANIEL COLE | SECRETARY Trustee or director | 1 | $0 |
| ROGER JONES | DIRECTOR Trustee or director | 1 | $0 |
| ANN KING | DIRECTOR Trustee or director | 1 | $0 |
| VIRGIL KING | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD PICKENS | DIRECTOR Trustee or director | 1 | $0 |
| PRICE DONAHOO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICK KING | PRESIDENT Trustee or director | 5 | $0 |
| DANIEL COLE | SECRETARY Trustee or director | 1 | $0 |
| ROGER JONES | DIRECTOR Trustee or director | 1 | $0 |
| ANN KING | DIRECTOR Trustee or director | 1 | $0 |
| VIRGIL KING | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD PICKENS | DIRECTOR Trustee or director | 1 | $0 |
| PRICE DONAHOO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1660 HIGHWAY 16 E, YAZOO CITY, MS 39194-4661
- In care of
- % NICHOLAS KING
- Principal officer (990 for 2024)
- NICK KING, 1660 HIGHWAY 16 E, YAZOO CITY, MS 39194
- Signed the 990
- NICK KING, PRESIDENT
- Phone
- (662) 571-8861
- Website
- GRACEWATER.ORG
- Return prepared by
- WARREN AVERETT LLC
Mission
OUR MISSION IS SIMPLY TO GIVE GRACE WITH WATER. WE ARE DRIVEN BY THE DESIRE TO HELP COMMUNITIES EXPERIENCE GOD'S GRACE THROUGH THE GIFT OF WATER. 783 MILLION PEOPLE AND MILLIONS OF COMMUNITIES AROUND THE GLOBE ARE IN A WATER CRISIS! WE ARE PASSIONATE ABOUT BEING A PART OF THE SOLUTION, AS WELL AS PURSUING OUR MISSION TO EDUCATE THEIR COMMUNITY ABOUT THE LOVE OF CHRIST. THROUGH THE DRILLING OF WELLS IN COMMUNITIES, WE FOUND A NEED FOR ORPHAN TRAINING AND HAVE BEGUN TO HELP TRAIN AND EQUIP THEM IN DISCIPLESHIP AND LIFE SKILLS.
Program accomplishments
- THROUGH GRACEWATER, WE PARTNER WITH LOCAL CHURCHES WHO ARE AFFECTED WITH A WATER CRISIS. OUR TEAM DRILLS WATER WELLS TO MEET THE COMMUNITIES NEED FOR CLEAN WATER WHILE ALSO SPREADING THE GOSPEL OF JESUS CHRIST.Expenses $286,290 · grants $234,020
- GRACE INSTITUTE IS A PROGRAM WHERE WE TRAIN ORPHANS IN THE TRADE OF FARMING. THESE YOUNG MEN ARE RECOMMENDED TO THE PROGRAM BY PASTORS WHO GRACEWATER HAS PARTNERED WITH IN DRILLING WATER WELLS. THE YOUNG MEN COME TO THE GRACE INSTITUTE FARM FOR 12-18 MONTHS AND LEARN FARMING SKILLS AND ARE DISCIPLED BY OUR CHAPLAIN. OUR GOAL IS TO EQUIP THEM WITH A TRADE AND LEAD THEM DEEPER IN THEIR FAITH.Expenses $125,000
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
- 82-4425191
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $78,080
- Income (IRS master file)
- $441,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $441,973 | $417,288 | $78,080 | XML |
| 990 | December 2023 | $270,116 | $313,926 | $53,395 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 82-4425191).
Questions about GRACEWATER
- What is the EIN of GRACEWATER?
- The employer identification number (EIN) of GRACEWATER is 82-4425191.
- Is GRACEWATER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to GRACEWATER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACEWATER 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 GRACEWATER 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 GRACEWATER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRACEWATER?
- The 990 for the year ended December 31, 2024 names NICK KING.
- Who are the officers and directors of GRACEWATER?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does GRACEWATER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $441,973, expenses of $417,288 and total assets of $78,080 at year end.
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