2025-11-17T07:51:52-06:00 2025-06-30 832193133 Frith & Associates CPAs P C P O Box 1232 Martinsville VA 24114 990 2024-07-01 203111703 Grace Network of Martinsville & Henry Co GRAC 2766388500 P O Box 3902 Martinsville VA 241153902 Jim Reaghard President 2766381427 2025-11-13 1 1 Marsha E Frith P00006339 2764034320 2024 2025-03-06 01:10:19Z Jim Reaghard 1103 Mulberry Road Martinsville VA 24112 578634 0 X www.gracenetworkmhc.org X 2006 VA Assistance to the underprivileged. 11 11 2 535 0 0 497071 509497 0 978 22338 26957 5085 -1884 524494 535548 346941 402590 0 0 89372 92749 0 0 13105 90009 96594 526322 591933 -1828 -56385 794744 707445 70371 39457 724373 667988 Grace Network is a first-stop center of resources for residents of Martinsville and Henry County where essential life needs and referrals are provided by caring volunteers building a stronger community. 0 0 314318 236724 Center for resources for residents of Martinsville and Henry County where essential life needs and referrals are provided. Cash donations are used to pay directly the service providers of rent, utilities, mortgages, prescriptions and home weatherization. 2,907 clients requested assistance and 1,115 of that number received help in the amount of $236,724 (actual cash expended for utilities, etc). Total program expense was $314,318. 224219 165866 Center for resources for residents of Martinsville and Henry County where essential life needs and referrals are provided. Our food pantry accepts non-cash donations of food and hygiene items. A total of 1,246 households comprised of 2,490 individuals were provided with $165,866 items of food from the food pantry. Total program expense was $224,219. 538537 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 2766388500 520 Liberty Street Martinsville VA 24112 X Larissa Rash Member 0.25 X 0 0 0 Linda Dorr Vice President 4.25 X X 0 0 0 Shannon Menefee Member 0.25 X 0 0 0 Joyce Staples Member 1.00 X 0 0 0 Bobby Joyce Member 8.25 X 0 0 0 Gene Teague Member 1.25 X 0 0 0 Lillian Holland Secretary 4.25 X X 0 0 0 Devin Page Treasurer 2.00 X X 0 0 0 Rick Curry Member 4.25 X 0 0 0 Jim Reaghard President 4.25 X X 0 0 0 Beverly Lyle Member 0.25 X 0 0 0 0 0 0 0 0 0 0 0 509497 139271 509497 Misc revenue 561499 978 978 978 26957 26957 41202 43086 -1884 -1884 535548 27935 0 -1884 402590 402590 82791 61265 12419 9107 2760 1706 16 1038 7198 5327 1080 791 2700 2700 15831 1352 12310 2169 51197 40078 11119 1559 1247 312 1677 1342 335 Supplemental food purch 22898 22898 Hospitality expense 732 732 591933 538537 40291 13105 232243 140618 440063 460550 13333 6667 18760 18760 0 0 31831 54435 700 700 76574 44475 794744 707445 70371 39457 70371 39457 X 663241 591467 61132 76521 724373 667988 794744 707445 -56385 0 X X 0 1 X 1 0 X 481937 425608 585762 497071 509497 2499875 481937 425608 585762 497071 509497 2499875 0 0 0 2499875 2501 1977 3097 22361 26957 56893 2501 1977 3097 22361 26957 56893 763 11183 2018 5085 -906 18143 485201 438768 590877 524517 535548 2574911 0.97090 0.97130 0.02210 0.01360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18760 18760 0 0 Food and personal care items 5968 Prepaid rent 2475 Operating lease right-of-use assets 36032 44475 Payroll tax payable 3425 Current portion of operating lease liabilities 33219 Operating lease liabilities, less current portion 2813 39457 535548 0 535548 0 535548 0 0 0 0 0 Pumpkin Patch 18523 18523 12381 Toy Drive 19342 19342 23315 37865 37865 35696 35696 2169 1 Assistance with rent, utilities, mortgages, prescriptions and home weatherization 1115 236724 Assistance of food from the food pantry 2490 138500 Food valued at Feinstein method of $1 per item Food distribution is made from a stocked pantry, based on a grocery store picking system X 111 139271 Sch O for explanation 0 1 1 Part I, Line 32b: Occasionally the organization receives unsolicited donations of common stock which is delivered to a brokerage firm and may be held as an investment or sold, as the board wills. Form 990, Part VI, Section B, line 11b The Return of Organization Exempt from Income Tax is provided to each board member for review via encrypted email prior to a board meeting. At the subsequent board meeting, the board has the opportunity to discuss any questions or problems identified within the return. At this point, the board approves filing the return, with any revisions. Form 990, Part VI, Section B, line 12c Annually, the board reviews potential conflicts of interest and appropriate action is taken given the situation noted. Form 990, Part VI, Section B, line 15 The Personnel Committee, comprised of board members and independent human resources professionals, regularly performs reviews of performance and compensation of all the employees. Recommendations are brought to the board for approval. Form 990, Part VI, Section C, line 19 All governing organizational documents, financial statements and conflict of interest policy are stored on-site and made available at the public's request. Schedule M, Part I, line 19: A total of 111 organizations and individuals provided food items for the food pantry. Many of the organizations were churches, comprised of numerous donors. Many of the organizations held food drives for Grace Network's benefit and collected food from an unknown number of donors. The food donations are valued at $1.00 each, based on the Alan Shawn Feinstein methodology used in his national matching grant program. The organization received a total of 139,271 food items during the fiscal year. Form 990, Part XII, line 2c There was no change in the financial audit process during the current year.