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Shores Of Grace Ministries

Organization summary

Type of Nonprofit

Designated as a 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: Religion-Related, Spiritual Development / Christian (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.

Summary charts: organization finances over time

Revenue
$1.03M (2023)

Expenses
$901k (2023)

Total Assets
$269k (2023)

Total Liabilities
$3.71k (2023)

Source: Form 990 tax filings from 2010 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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,028,808
Expenses
$900,872
Net Income
$127,936
Net Assets
$265,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,022,031
99.3%
Program Services $0
Investment Income $2,076
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $3,815
0.4%
Other Revenue $886
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $144,434
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,349
0.8%
Assets/Debt
Total Assets $269,329
Total Liabilities $3,708
Net Assets $265,621
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $67,020 $0 $0
Luke Billman (Director) $47,414 $0 $0
Margaret Billman (Director/Tre) $30,000 $0 $0
Frank Billman (Director) $0 $0 $0
Becky Burleson (Director/Sec) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Dan Deskins (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Kris King (Director) $0 $0 $0
Tracy King (Director) $0 $0 $0
Scott Kisker (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$678,712
Expenses
$778,939
Net Income
-$100,227
Net Assets
$139,728
Notable Sources of Revenue Percent of Total Revenue
Contributions $676,597
99.7%
Program Services $0
Investment Income $731
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,343
0.2%
Other Revenue $41
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,920
13.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $150,470
Total Liabilities $10,742
Net Assets $139,728
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $72,920 $0 $0
Margaret Billman (Director/Tre) $30,000 $0 $0
Frank Billman (Director) $0 $0 $0
Becky Burleson (Director/Sec) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Dan Deskins (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Kris King (Director) $0 $0 $0
Tracy King (Director) $0 $0 $0
Scott Kisker (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$871,738
Expenses
$829,637
Net Income
$42,101
Net Assets
$233,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $871,743
> 100%
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 -$21
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $93,041
11.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $247,838
Total Liabilities $13,924
Net Assets $233,914
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $69,593 $0 $0
Margaret Billman (Director/Tre) $23,447 $0 $0
Frank Billman (Director) $0 $0 $0
Becky Burleson (Director/Sec) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Dan Deskins (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Kris King (Director) $0 $0 $0
Tracy King (Director) $0 $0 $0
Scott Kisker (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0
Jennifer Peat (Director) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$718,910
Expenses
$618,275
Net Income
$100,635
Net Assets
$191,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $713,024
99.2%
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 $5,879
0.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $90,274
14.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $200,564
Total Liabilities $8,573
Net Assets $191,991
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $68,675 $0 $0
Margaret Billman (Director/Tre) $21,600 $0 $0
Frank Billman (Director) $0 $0 $0
Becky Burleson (Director/Sec) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Dan Deskins (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0
Jennifer Peat (Director) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$621,451
Expenses
$737,385
Net Income
-$115,934
Net Assets
$91,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $619,589
99.7%
Program Services $0
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,830
0.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,597
14.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $105,233
Total Liabilities $13,877
Net Assets $91,356
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $74,494 $0 $0
Margaret Billman (Director/Tre) $22,500 $0 $0
Jonathan Costa (Director) $0 $0 $6,603
Frank Billman (Director) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Dan Deskins (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0
Jennifer Peat (Director/Sec) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$766,714
Expenses
$768,578
Net Income
-$1,864
Net Assets
$207,290
Notable Sources of Revenue Percent of Total Revenue
Contributions $764,422
99.7%
Program Services $0
Investment Income $43
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,249
0.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $101,917
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $213,568
Total Liabilities $6,278
Net Assets $207,290
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $73,771 $0 $0
Margaret Billman (Director/Tre) $20,700 $0 $0
Frank Billman (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Jennifer Peat (Director/Sec) $0 $0 $0
Jonathan Costa (Director) $0 $0 $7,446
Brian Connolly (Director) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0
Dan Deskins (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$774,941
Expenses
$684,096
Net Income
$90,845
Net Assets
$209,154
Notable Sources of Revenue Percent of Total Revenue
Contributions $773,758
99.8%
Program Services $0
Investment Income $21
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,162
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $119,848
17.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $218,460
Total Liabilities $9,306
Net Assets $209,154
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nicholas Billman (Director/Pre) $88,733 $0 $0
Margaret Billman (Director/Tre) $22,500 $0 $0
Dave Gearhart (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Jennifer Peat (Director/Sec) $0 $0 $0
Jonathan Costa (Director) $0 $0 $8,615
Brian Connolly (Director) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0
Tracee Loosle (Director) $0 $0 $0
Frank Billman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$529,919
Expenses
$682,788
Net Income
-$152,869
Net Assets
$99,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $502,412
94.8%
Program Services $13,514
2.6%
Investment Income $1,027
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,966
2.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $19,705
2.9%
Assets/Debt
Total Assets $130,818
Total Liabilities $31,391
Net Assets $99,427
Compensation
Key Employees and Officers Compensation Related Other
Nic Billman (President) $0 $0 $0
Frank Billman (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Dave Gearhart (Director) $0 $0 $0
Jennifer Peat (Director) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Peggi Billman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$636,913
Expenses
$456,055
Net Income
$180,858
Net Assets
$247,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $638,454
> 100%
Program Services $0
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$1,553
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,985
2.0%
Assets/Debt
Total Assets $263,116
Total Liabilities $15,124
Net Assets $247,992
Compensation
Key Employees and Officers Compensation Related Other
Nic Billman (President) $0 $0 $0
Frank Billman (Director) $0 $0 $0
Jeremy Feight (Director) $0 $0 $0
Dave Gearhart (Director) $0 $0 $0
Jennifer Peat (Director) $0 $0 $0
Kathi Pelton (Director) $0 $0 $0
Brian Connolly (Director) $0 $0 $0
Alan Hawkins (Director) $0 $0 $0
Peggi Billman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$571,849
Expenses
$573,426
Net Income
-$1,577
Net Assets
$72,152
Notable Sources of Revenue Percent of Total Revenue
Contributions $557,805
97.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $14,044
2.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $54,345
9.5%
Assets/Debt
Total Assets $82,414
Total Liabilities $10,262
Net Assets $72,152
Compensation
Key Employees and Officers Compensation Related Other
Nic Billman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$492,162
Expenses
$475,969
Net Income
$16,193
Net Assets
$72,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $479,874
97.5%
Program Services $0
Investment Income $42
0.0%
Bond Proceeds $0
Royalties $177
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,069
2.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $19,942
4.2%
Assets/Debt
Total Assets $75,476
Total Liabilities $2,597
Net Assets $72,879

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$179,916
Expenses
$191,635
Net Income
-$11,719
Net Assets
$52,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $178,641
99.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,275
0.7%
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 $52,494
Total Liabilities $0
Net Assets $52,494

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$176,260
Expenses
$166,209
Net Income
$10,051
Net Assets
$64,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $159,543
90.5%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $16,717
9.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $469
0.3%
Assets/Debt
Total Assets $64,214
Total Liabilities $0
Net Assets $64,214

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$112,366
Expenses
$71,799
Net Income
$40,567
Net Assets
$40,567
Notable Sources of Revenue Percent of Total Revenue
Contributions $114,683
> 100%
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 -$2,318
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $13,050
18.2%
Assets/Debt
Total Assets $40,567
Total Liabilities $0
Net Assets $40,567

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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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.

Types of Nonprofits

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