Civic Intelligence

Grace Institute

990 • Fiscal year 2016 • EIN 13-1641069

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

Organization Profilewww.graceinstitute.org
40 Rector Street 14th FloorNew York, NY 10006

(212) 832-7605

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.10x

Higher debt load relative to assets than 26% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

7.56x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

1st percentile

-553%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$166,716

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

10th percentile

-7.5%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Flat

$52,180,143

Flat from 2016

Net Assets

Flat

$46,910,009

Flat from 2016

Liabilities

Flat

$5,270,134

Flat from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin1st percentile

Revenue

Flat

$697,069

Flat from 2016

Expenses

Flat

$4,555,288

Flat from 2016

Net Income

Flat

-$3,858,219

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $31,003,502Liabilities 2011: $1,159,986Net Assets 2011: $29,843,5162011Assets 2012: $29,498,952Liabilities 2012: $1,231,456Net Assets 2012: $28,267,4962012Assets 2013: $29,802,268Liabilities 2013: $944,706Net Assets 2013: $28,857,5622013Assets 2014: $43,827,649Liabilities 2014: $13,605,239Net Assets 2014: $30,222,4102014Assets 2015: $56,415,739Liabilities 2015: $4,354,389Net Assets 2015: $52,061,3502015Assets 2016: $52,180,143Liabilities 2016: $5,270,134Net Assets 2016: $46,910,0092016Assets 2016: $52,180,143Liabilities 2016: $5,270,134Net Assets 2016: $46,910,0092016Assets 2017: $48,114,142Liabilities 2017: $4,878,923Net Assets 2017: $43,235,2192017Assets 2018: $45,301,035Liabilities 2018: $5,201,977Net Assets 2018: $40,099,0582018Assets 2019: $47,215,927Liabilities 2019: $5,562,092Net Assets 2019: $41,653,8352019Assets 2020: $52,052,870Liabilities 2020: $5,844,832Net Assets 2020: $46,208,0382020Assets 2021: $53,804,591Liabilities 2021: $4,862,920Net Assets 2021: $48,941,6712021Assets 2022: $47,444,330Liabilities 2022: $4,725,209Net Assets 2022: $42,719,1212022Assets 2023: $47,015,400Liabilities 2023: $4,322,782Net Assets 2023: $42,692,6182023Assets 2024: $45,698,476Liabilities 2024: $3,805,800Net Assets 2024: $41,892,6762024

Highlighted filing

2016

Assets$52,180,143
Liabilities$5,270,134
Net Assets$46,910,009
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $2,471,465Expenses 2011: $2,813,358Net Income 2011: -$341,8932011Revenue 2012: $2,316,440Expenses 2012: $3,317,451Net Income 2012: -$1,001,0112012Expenses 2013: $3,289,2122013Revenue 2014: $2,948,123Expenses 2014: $3,948,935Net Income 2014: -$1,000,8122014Revenue 2015: $25,803,207Expenses 2015: $4,640,974Net Income 2015: $21,162,2332015Revenue 2016: $697,069Expenses 2016: $4,555,288Net Income 2016: -$3,858,2192016Revenue 2016: $697,069Expenses 2016: $4,555,288Net Income 2016: -$3,858,2192016Revenue 2017: $1,389,644Expenses 2017: $4,952,672Net Income 2017: -$3,563,0282017Revenue 2018: $2,272,822Expenses 2018: $3,268,582Net Income 2018: -$995,7602018Revenue 2019: $1,787,355Expenses 2019: $3,287,959Net Income 2019: -$1,500,6042019Revenue 2020: $3,719,692Expenses 2020: $2,973,587Net Income 2020: $746,1052020Revenue 2021: $2,433,111Expenses 2021: $3,179,847Net Income 2021: -$746,7362021Revenue 2022: $566,435Expenses 2022: $3,274,911Net Income 2022: -$2,708,4762022Revenue 2023: $1,328,173Expenses 2023: $3,117,379Net Income 2023: -$1,789,2062023Revenue 2024: $1,611,800Expenses 2024: $3,237,366Net Income 2024: -$1,625,5662024

Highlighted filing

2016

Revenue$697,069
Expenses$4,555,288
Net Income-$3,858,219
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$9,217,472
Mission and Program Overview

Mission

Grace Institutes mission is to empower underserved women in the New York area to achieve employment and economic self-sufficiency. Within a supportive and structured environment, Grace Institute provides job-skills training, counseling, placement services and continuous learning opportunities that lead to upwardly mobile employment. Grace Institute offers these services so that participants can realize their inherent strength, resilience and limitless potential.

Grace Institutes mission is to empower underserved women in the New York area to achieve employment and economic self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,597,023$20,922,764▲ $2,325,741
Investments Other Securities$15,243,725$16,477,454▲ $1,233,729
Investments in Publicly Traded Securities$11,972,744$11,372,590▼ $600,154
Savings and Temporary Cash Investments$10,134,546$3,291,522▼ $6,843,024
Prepaid Expenses and Deferred Charges$31,868$61,228▲ $29,360
Cash and Non-Interest-Bearing Accounts$3,446$4,201▲ $755
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$56,415,739$52,180,143▼ $4,235,596
Other Assets Total$432,387$50,384▼ $382,003
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,850,000$4,935,000▲ $3,085,000
Accounts Payable and Accrued Expenses$2,477,105$310,951▼ $2,166,154
Other Liabilities$21,484$21,484→ $0
Deferred Revenue$5,800$2,699▼ $3,101
Total Liabilities$4,354,389$5,270,134▲ $915,745
Net Assets / Fund Balance
Unrestricted Net Assets$51,998,885$46,847,944▼ $5,150,941
Temporarily Rstr Net Assets$62,465$62,065▼ $400
Total Net Assets Fund Balance$52,061,350$46,910,009▼ $5,151,341
Total Liabilities and Net Assets / Fund Balance$56,415,739$52,180,143▼ $4,235,596

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,116,268$241,403$20,357,671
Equipment$806,496$136,572$943,068
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brigid LangExecutive DirectorFT$158,116$8,600$166,716
Sid RossSenior DirectorFT$149,820$8,600$158,420
Shari KrullExecutive DirectorFT$144,615-$144,615
Ernest SchaalFormer ComptrollerFT$120,000$8,600$120,000
Jessica JamesDev. Direct.FT$105,829$8,600$114,429

Board Members and Trustees

NameTitle
Patrick GraceChair
Patricia MontgomeriePresident
Father Patrick DevineDirector
Michael WanderaDirector
William GraceDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
JT Magen & CoContractor44 W 28th St, New York, NY 10001$5,878,263
GenslerArchitect1700 Broadway 400, New York, NY 10019$465,744
40 Rector CondominiumCommon Charges295 Madison Ave 2nd FL, New York, NY 10017$310,525
Levien & Company IncReal Estate Conslt.570 Lexington Ave, New York, NY 10022$228,285
Johnsen SecuritiesSecurity224 East 49th Street, New YOrk, NY 10017$108,664
Revenue and Support

Revenue Composition

Contributions and Grants
$412,927
Program Service Revenue
$27,634
Investment Income
$256,508
Other Revenue
$0
All Other Contributions
$412,927
Change in Net Assets
$-3,858,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$432,830
Revenue Not Reported on Financial Statements
$264,239
Revenue Not Reported on Form 990
$-1,293,122
Total Revenue per Audited Statements
$-860,292
Total Revenue per Form 990
$697,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,369,604
Salaries, Compensation, and Employee Benefits$2,185,684
Total Fundraising Expense$383,622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,314,230$113,218$181,292$1,608,740
Fees for Service Investment Mgmnt Fees-$378,629-$378,629
Depreciation Depletion$291,960$26,646$39,777$358,383
Fees for Services Other$177,523$126,128$8,608$312,259
Occupancy$201,269$21,638$27,119$250,026
Current Officers, Directors, Trustees, and Key Employees$199,292$24,912$24,912$249,116
Fees for Services Legal-$245,605-$245,605
Other Employee Benefits$133,187$12,155$18,145$163,487
Payroll Taxes$128,379$11,717$17,490$157,586
Insurance$91,076$8,312$12,408$111,796
Travel$89,656$8,182$12,215$110,053
Interest-$87,695-$87,695
Other Expenses$49,342$4,504$6,722$60,568
All Other Expenses$48,759$4,449$6,643$59,851
Office Expenses$44,851$4,093$6,111$55,055
Advertising-$14,218-$14,218
Pension Plan Contributions$5,503$502$750$6,755
Total Functional Expenses$3,064,707$1,106,959$383,622$4,555,288

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,555,288
Expenses per Audited Statements$4,291,049
Total Expenses per Audited Statements$4,291,049
Expenses Not Reported on Financial Statements$264,239
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security deposit payable$21,484
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“The Grace Institute was founded in the late 1800s by the Grace Family, who remain active with the organization today. Two members of the board are cousins and one is a nephew to both.”

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

“Updated bylaws to conform with the Nonprofit Revitalization Act and revise the role of the Grace family members. In addition, the Act of Incorporation of the Institute was updated as a result of these changes.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization has a "board approved" conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Operations Consultant developed a salary grid based on comparable data from recognized studies of the sector, which was reviewed by the Executive Committee, and assessed when determining the annual budget.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The Operations Consultant developed a salary grid based on comparable data from recognized studies of the sector, which was reviewed by the Executive Committee, and assessed when determining the annual budget.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Grace Institute
EIN
13-1641069
Phone
2128327605
Address
40 Rector Street 14th Floor, New York, NY 10006

Signing Officer

Name
Patrick Grace
Title
Chair
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Grace
Formed
1897
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
47
Volunteers
720

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Institute does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2013 and later are subject to examination by applicable taxing authorities.”

Raw XML AppendixShowing 400 of 585 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02477105
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0310951
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Grace Institutes mission is to empower underserved women in the New York area to achieve employment and economic self-sufficiency.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt014218
IRS990/AdvertisingGrp/TotalAmt014218
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt0412927
IRS990/AllOtherExpensesGrp/FundraisingAmt06643
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04449
IRS990/AllOtherExpensesGrp/ProgramServicesAmt048759
IRS990/AllOtherExpensesGrp/TotalAmt059851
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Brigid Lang
IRS990/BooksInCareOfDetail/PhoneNum02128327605
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt040 Rector Street 14th Floor
IRS990/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010006
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03446
IRS990/CashNonInterestBearingGrp/EOYAmt04201
IRS990/ChangeToOrgDocumentsInd0true
IRS990/CntrctRcvdGreaterThan100KCnt06
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt024912
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt024912
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0199292
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0249116
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0465744
IRS990/ContractorCompensationGrp/CompensationAmt15878263
IRS990/ContractorCompensationGrp/CompensationAmt2310525
IRS990/ContractorCompensationGrp/CompensationAmt3228285
IRS990/ContractorCompensationGrp/CompensationAmt4108664
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01700 Broadway 400
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt144 W 28th St
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2295 Madison Ave 2nd FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3570 Lexington Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4224 East 49th Street
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0New York
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1New York
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2New York
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3New York
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4New YOrk
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd010019
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd110001
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd210017
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd310022
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd410017
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Gensler
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1JT Magen & Co
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt240 Rector Condominium
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Levien & Company Inc
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4Johnsen Securities
IRS990/ContractorCompensationGrp/ServicesDesc0Architect
IRS990/ContractorCompensationGrp/ServicesDesc1Contractor
IRS990/ContractorCompensationGrp/ServicesDesc2Common Charges
IRS990/ContractorCompensationGrp/ServicesDesc3Real Estate Conslt.
IRS990/ContractorCompensationGrp/ServicesDesc4Security
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0412927
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0256508
IRS990/CYOtherExpensesAmt02369604
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt027634
IRS990/CYRevenuesLessExpensesAmt0-3858219
IRS990/CYSalariesCompEmpBnftPaidAmt02185684
IRS990/CYTotalExpensesAmt04555288
IRS990/CYTotalFundraisingExpenseAmt0383622
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0697069
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt05800
IRS990/DeferredRevenueGrp/EOYAmt02699
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt039777
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt026646
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0291960
IRS990/DepreciationDepletionGrp/TotalAmt0358383
IRS990/Desc0Grace Institute provided training, support and employment services to 265 women and successfully placed nearly 80% of its graduates in a variety of industries including healthcare, legal, hospitality and nonprofit. Our graduates more than quadrupled their personal income from before starting the program. Grace Institute also launched an evening program for women interested in Patient Service Representative Roles in healthcare settings.Over 700 corporate volunteers worked with the women of Grace to hone their job readiness skills and hosted office visits In FY16.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt047
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt03064707
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0245605
IRS990/FeesForServicesLegalGrp/TotalAmt0245605
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt08608
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0126128
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0177523
IRS990/FeesForServicesOtherGrp/TotalAmt0312259
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0378629
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0378629
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt58600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt78600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt88600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Patrick Grace
IRS990/Form990PartVIISectionAGrp/PersonNm1Patricia Montgomerie
IRS990/Form990PartVIISectionAGrp/PersonNm2William Grace
IRS990/Form990PartVIISectionAGrp/PersonNm3Father Patrick Devine
IRS990/Form990PartVIISectionAGrp/PersonNm4Michael Wandera
IRS990/Form990PartVIISectionAGrp/PersonNm5Brigid Lang
IRS990/Form990PartVIISectionAGrp/PersonNm6Shari Krull
IRS990/Form990PartVIISectionAGrp/PersonNm7Jessica James
IRS990/Form990PartVIISectionAGrp/PersonNm8Sid Ross
IRS990/Form990PartVIISectionAGrp/PersonNm9Ernest Schaal
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5158116
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6144615
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7105829
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8149820
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9120000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt7Dev. Direct.
IRS990/Form990PartVIISectionAGrp/TitleTxt8Senior Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Former Comptroller
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01897
IRS990/FormerOfcrEmployeesListedInd0true
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-275030
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08245373
IRS990/GrossReceiptsAmt09217472
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt012408
IRS990/InsuranceGrp/ManagementAndGeneralAmt08312
IRS990/InsuranceGrp/ProgramServicesAmt091076
IRS990/InsuranceGrp/TotalAmt0111796
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt087695
IRS990/InterestGrp/TotalAmt087695
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0531538
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0531538
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt015243725
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt016477454
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011972744
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011372590
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0377975
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018597023
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020922764
IRS990/LandBldgEquipCostOrOtherBssAmt021300739
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08520403
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Grace Institutes mission is to empower underserved women in the New York area to achieve employment and economic self-sufficiency. Within a supportive and structured environment, Grace Institute provides job-skills training, counseling, placement services and continuous learning opportunities that lead to upwardly mobile employment. Grace Institute offers these services so that participants can realize their inherent strength, resilience and limitless potential.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01850000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04935000
IRS990/NetAssetsOrFundBalancesBOYAmt052061350
IRS990/NetAssetsOrFundBalancesEOYAmt046910009
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-275030
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-275030
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1293122
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt027119
IRS990/OccupancyGrp/ManagementAndGeneralAmt021638
IRS990/OccupancyGrp/ProgramServicesAmt0201269
IRS990/OccupancyGrp/TotalAmt0250026
IRS990/OfficeExpensesGrp/FundraisingAmt06111
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04093
IRS990/OfficeExpensesGrp/ProgramServicesAmt044851
IRS990/OfficeExpensesGrp/TotalAmt055055
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0432387
IRS990/OtherAssetsTotalGrp/EOYAmt050384
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt018145
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012155
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0133187
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0163487
IRS990/OtherExpensesGrp/Desc0School supplies & expensess
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Repairs & maintenance
IRS990/OtherExpensesGrp/Desc3Telephone
IRS990/OtherExpensesGrp/FundraisingAmt012499
IRS990/OtherExpensesGrp/FundraisingAmt18931
IRS990/OtherExpensesGrp/FundraisingAmt26722
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08373
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15983
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24504
IRS990/OtherExpensesGrp/ProgramServicesAmt0132382
IRS990/OtherExpensesGrp/ProgramServicesAmt191744
IRS990/OtherExpensesGrp/ProgramServicesAmt265554
IRS990/OtherExpensesGrp/ProgramServicesAmt349342
IRS990/OtherExpensesGrp/TotalAmt0132382
IRS990/OtherExpensesGrp/TotalAmt1112616
IRS990/OtherExpensesGrp/TotalAmt280468
IRS990/OtherExpensesGrp/TotalAmt360568
IRS990/OtherLiabilitiesGrp/BOYAmt021484
IRS990/OtherLiabilitiesGrp/EOYAmt021484
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0181292
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113218
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01314230
IRS990/OtherSalariesAndWagesGrp/TotalAmt01608740
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt017490
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011717
IRS990/PayrollTaxesGrp/ProgramServicesAmt0128379
IRS990/PayrollTaxesGrp/TotalAmt0157586
IRS990/PensionPlanContributionsGrp/FundraisingAmt0750
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0502
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05503
IRS990/PensionPlanContributionsGrp/TotalAmt06755
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031868
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt061228
IRS990/PrincipalOfficerNm0Patrick Grace
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Student Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027634
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027634
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01104883
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt024681823
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01961530
IRS990/PYOtherRevenueAmt0211
IRS990/PYProgramServiceRevenueAmt016290
IRS990/PYRevenuesLessExpensesAmt021162233
IRS990/PYSalariesCompEmpBnftPaidAmt02679444
IRS990/PYTotalExpensesAmt04640974
IRS990/PYTotalRevenueAmt025803207
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3858219
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt027634
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010134546
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03291522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0412927
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01104883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0692204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0630849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0609631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03450494
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0531538

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$52,180,143
Liabilities
$5,270,134
Net assets
$46,910,009
Revenue
$697,069
Expenses
$4,555,288
Net income
-$3,858,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$3.81$41.9$1.61$3.24$1.63
2023Summary only. Only limited summary data is available for this year.$47.0$4.32$42.7$1.33$3.12$1.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.4$4.73$42.7$0.57$3.27$2.71
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.8$4.86$48.9$2.43$3.18$0.75
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$5.84$46.2$3.72$2.97$0.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.2$5.56$41.7$1.79$3.29$1.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.3$5.20$40.1$2.27$3.27$1.00
2017Summary only. Only limited summary data is available for this year.$48.1$4.88$43.2$1.39$4.95$3.56
2016Detailed filing. Detailed filing data is available for this year.$52.2$5.27$46.9$0.70$4.56$3.86
2016Summary only. Only limited summary data is available for this year.$52.2$5.27$46.9$0.70$4.56$3.86
2015Detailed filing. Detailed filing data is available for this year.$56.4$4.35$52.1$25.8$4.64$21.2
2014Detailed filing. Detailed filing data is available for this year.$43.8$13.6$30.2$2.95$3.95$1.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$0.94$28.9$3.29
2012Summary only. Only limited summary data is available for this year.$29.5$1.23$28.3$2.32$3.32$1.00
2011Summary only. Only limited summary data is available for this year.$31.0$1.16$29.8$2.47$2.81$0.34