Saving Grace Ministries Inc

Buffalo, NY
Tax-exempt since Oct. 2000
EIN: 16-1573408

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Crime, Legal-Related / Transitional Care, Half-Way House for Offenders, Ex-Offenders (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$1.58M (2023)

Expenses

$1.71M (2023)

Total Assets

$3.88M (2023)

Total Liabilities

$3.41M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$1,576,011

Expenses

$1,711,647

Net Income

-$135,636

Net Assets

$470,832

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$372,398	23.6%
Program Services	$1,060,560	67.3%
Investment Income	$671	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$142,382	9.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$138,826	8.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$843,932	49.3%

Assets/Debt
Total Assets	$3,878,414
Total Liabilities	$3,407,582
Net Assets	$470,832

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Ceo)	$108,286	$0	$0
Trace Gillis (Executive Dir.)	$45,155	$0	$0
Sheryl King (President & Sec)	$30,540	$0	$0
Leroy Wiggins (Director)	$0	$0	$0
Rev Ron Burgio (Director/Chair)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on July 8, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$1,214,971

Expenses

$1,496,456

Net Income

-$281,485

Net Assets

$606,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$387,008	31.9%
Program Services	$669,614	55.1%
Investment Income	$6,248	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$152,101	12.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$98,815	6.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$557,621	37.3%

Assets/Debt
Total Assets	$4,000,432
Total Liabilities	$3,393,964
Net Assets	$606,468

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charise Cobbs (Executive Director)	$62,824	$0	$0
Rev Terry King (Ceo)	$53,614	$0	$0
Sheryl King (President & Sec)	$29,669	$0	$0
Leroy Wiggins (Director)	$0	$0	$0
Rev Ron Burgio (Director/Chair)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0
Michael Wing (Executive Director)	$0	$0	$0

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990

Filed on July 13, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$1,183,154

Expenses

$1,360,552

Net Income

-$177,398

Net Assets

$887,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$933,241	78.9%
Program Services	$0
Investment Income	$7,579	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$159,376	13.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$82,958	7.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$172,245	12.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$428,065	31.5%

Assets/Debt
Total Assets	$4,040,442
Total Liabilities	$3,152,489
Net Assets	$887,953

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charise Cobbs (Executive Director)	$57,748	$0	$0
Rev Terry King (Ceo)	$51,108	$0	$0
Michael Wing (Executive Director)	$33,720	$0	$0
Sheryl King (President & Sec)	$29,669	$0	$0
Leroy Wiggins (Director)	$0	$0	$0
Rev Ron Burgio (Director/Chair)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on June 16, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$1,806,779

Expenses

$1,430,321

Net Income

$376,458

Net Assets

$1,065,351

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,076,649	59.6%
Program Services	$0
Investment Income	$7,286	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$183,993	10.2%
Net Fundraising	$0
Sales of Assets	$511,046	28.3%
Net Inventory Sales	$0
Other Revenue	$27,805	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$128,917	9.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$515,639	36.1%

Assets/Debt
Total Assets	$4,074,755
Total Liabilities	$3,009,404
Net Assets	$1,065,351

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Chief Executive Officer)	$52,091	$0	$0
Charise Cobbs (Executive Director)	$50,440	$0	$0
Michael Wing (Executive Director)	$41,768	$0	$0
Sheryl King (President/Secretary)	$30,240	$0	$0
Leroy Wiggins (Director)	$0	$0	$0
Rev Ron Burgio (Director/Board Chair)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on June 14, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$1,219,747

Expenses

$1,479,045

Net Income

-$259,298

Net Assets

$688,893

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$968,162	79.4%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$141,093	11.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$110,492	9.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$101,421	6.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$604,776	40.9%

Assets/Debt
Total Assets	$4,214,205
Total Liabilities	$3,525,312
Net Assets	$688,893

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charise Cobbs (Executive Director)	$54,580	$0	$0
Rev Terry King (Chief Executive Officer)	$52,608	$0	$0
Michael Wing (Executive Director)	$48,340	$0	$0
Sheryl King (President/Secretary)	$30,169	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Rev Ron Burgio (Director/Board Chair)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on May 20, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$1,666,810

Expenses

$1,900,891

Net Income

-$234,081

Net Assets

$948,191

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,369,943	82.2%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$167,961	10.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$128,906	7.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$91,525	4.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$524,447	27.6%

Assets/Debt
Total Assets	$4,289,901
Total Liabilities	$3,341,710
Net Assets	$948,191

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Chief Executive Officer)	$61,289	$0	$0
Charise Cobbs (Executive Director)	$54,333	$0	$0
Sheryl King (President/Secretary)	$31,256	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Rev Ron Burgio (Director/Board Chair)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on May 21, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$1,386,637

Expenses

$1,415,097

Net Income

-$28,460

Net Assets

$1,182,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,017,037	73.3%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$178,521	12.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$191,079	13.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$111,032	7.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$494,561	34.9%

Assets/Debt
Total Assets	$4,451,040
Total Liabilities	$3,268,768
Net Assets	$1,182,272

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Cheif Executive Officer)	$58,530	$0	$0
Charise Cobbs (Executive Director)	$50,378	$0	$0
Sheryl King (President/ Secretary)	$30,447	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Rev Ron Burgio (Director/ Board Chair)	$0	$0	$0
Casimiro D Rodriquez Sr (Director)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on May 29, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$1,343,245

Expenses

$1,295,267

Net Income

$47,978

Net Assets

$1,210,732

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,235,739	92.0%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$107,506	8.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,386,847
Total Liabilities	$3,176,115
Net Assets	$1,210,732

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Chief Executive Officer)	$102,540	$0	$0
Charise Cobbs (Executive Director)	$46,632	$0	$0
Sheryl King (Presidentsecretary)	$29,124	$0	$0
Elizabeth B Leitner (Treasurer)	$12,793	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Rev Ron Burgio (Directorboard Chair)	$0	$0	$0
Casimiro D Rodriquez Sr (Director)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on June 6, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$1,913,454

Expenses

$1,123,846

Net Income

$789,608

Net Assets

$1,162,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,913,453	100.0%
Program Services	$0
Investment Income	$1	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,644,132
Total Liabilities	$1,481,378
Net Assets	$1,162,754

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Chief Executive Officer)	$87,061	$0	$0
Alyssa Gross (Executive Director)	$52,752	$0	$0
Sheryl King (President)	$26,730	$0	$0
Elizabeth B Leitner (Treasurer)	$11,505	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Rev Ron Burgio (Directorboard Chair)	$0	$0	$0
Casimiro D Rodriquez Sr (Director)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on June 21, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$1,799,219

Expenses

$1,046,634

Net Income

$752,585

Net Assets

$1,219,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,799,206	100.0%
Program Services	$0
Investment Income	$13	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,758,842
Total Liabilities	$539,731
Net Assets	$1,219,111

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Chief Executive Officer)	$91,206	$0	$0
Alyssa Gross (Executive Director)	$52,866	$0	$0
Sheryl King (Secretary)	$26,633	$0	$0
Elizabeth B Leitner (Treasurer)	$9,791	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Dr Rev Ronald Burgio (Director)	$0	$0	$0
Casimiro D Rodriquez Sr (Director)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on June 22, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$1,099,722

Expenses

$926,462

Net Income

$173,260

Net Assets

$466,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,099,355	100.0%
Program Services	$0
Investment Income	$7	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$360	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,014,461
Total Liabilities	$547,935
Net Assets	$466,526

Compensation

Key Employees and Officers	Compensation	Related	Other
Rev Terry King (Chief Executive Officer)	$91,206	$0	$0
Alyssa Gross (Employee)	$55,713	$0	$0
Sheryl King (Secretarytreasurer)	$25,866	$0	$0
Lynette Galloway (Director)	$0	$0	$0
Dr Rev Ronald Burgio (Director)	$0	$0	$0
Casimiro D Rodriquez Sr (Director)	$0	$0	$0
Rev Don Snyder (Director)	$0	$0	$0

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990

Filed on July 9, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$813,021

Expenses

$811,946

Net Income

$1,075

Net Assets

$293,266

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$812,740	100.0%
Program Services	$280	0.0%
Investment Income	$1	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$900,762
Total Liabilities	$607,496
Net Assets	$293,266

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$959,671

Expenses

$958,469

Net Income

$1,202

Net Assets

$292,191

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$959,655	100.0%
Program Services	$0
Investment Income	$16	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$791,416
Total Liabilities	$499,225
Net Assets	$292,191

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Updated December 2, 2024

Saving Grace Ministries Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.58M (2023)

Expenses $1.71M (2023)

Total Assets $3.88M (2023)

Total Liabilities $3.41M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$1.58M (2023)

Expenses

$1.71M (2023)

Total Assets

$3.88M (2023)

Total Liabilities

$3.41M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001