Civic Intelligence

Grace Institute

990 • Fiscal year 2022 • EIN 13-1641069

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileWWW.GRACEINSTITUTE.ORG
1270 Avenue Of The Americas 1905New York, NY 10020

(212) 262-0662

Siviq Scores

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

Liabilities / Assets

35th percentile

0.10x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

8.34x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

1st percentile

-478%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

40th percentile

$215,713

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 38.1% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

16th percentile

-12%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$47,444,330

Down $6,360,261 (-12%) from 2021

Net Assets

Down

$42,719,121

Down $6,222,550 (-13%) from 2021

Liabilities

Down

$4,725,209

Down $137,711 (-2.8%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin1st percentile

Revenue

Down

$566,435

Down $1,866,676 (-77%) from 2021

Expenses

Up

$3,274,911

Up $95,064 (+3.0%) from 2021

Net Income

Down

-$2,708,476

Down $1,961,740 (-263%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th 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 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

2022

Assets$47,444,330
Liabilities$4,725,209
Net Assets$42,719,121
Open 2022 Filing

Operations Trend

Revenue Growth2nd 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 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

2022

Revenue$566,435
Expenses$3,274,911
Net Income-$2,708,476
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$15,910,060
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.

Provide financial support to job training programs that enable women to achieve employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$23,194,510$20,123,878▼ $3,070,632
Land, Buildings, and Equipment, Net$17,204,799$16,674,803▼ $529,996
Investments in Publicly Traded Securities$12,428,706$9,829,080▼ $2,599,626
Savings and Temporary Cash Investments$893,094$619,332▼ $273,762
Prepaid Expenses and Deferred Charges$16,500$117,530▲ $101,030
Cash and Non-Interest-Bearing Accounts$35,291$35,730▲ $439
Total Assets$53,804,591$47,444,330▼ $6,360,261
Other Assets Total$31,691$43,977▲ $12,286
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,772,052$4,542,835▼ $229,217
Accounts Payable and Accrued Expenses$90,868$182,374▲ $91,506
Total Liabilities$4,862,920$4,725,209▼ $137,711
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,879,706$42,657,156▼ $6,222,550
Net Assets With Donor Restrictions$61,965$61,965→ $0
Total Net Assets Fund Balance$48,941,671$42,719,121▼ $6,222,550
Total Liabilities and Net Assets / Fund Balance$53,804,591$47,444,330▼ $6,360,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,673,663$3,637,085$20,310,748
Equipment$0$53,948$53,948
Other Land Buildings$1,140$25,580$26,720
Other Securities$20,123,878--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Patrick GracePresident/secretaryFT$215,713$215,713

Board Members and Trustees

NameTitle
Pedro MataChairman
Elise GraceDirector
Margaret GraceDirector
Mary TidlundDirector
Rev Patrick DevineDirector
Russell MontgomerieDirector
Patricia MontgomerieAsst. Secr/tres

Highest Paid Contractors

ContractorServicesLocationCompensation
Vincent L PomeranzManaging Investment200 EAST 90TH STREET APT17E, New York, NY 10128$145,596
Revenue and Support

Revenue Composition

Contributions and Grants
$768
Program Service Revenue
$0
Investment Income
$565,667
Other Revenue
$0
All Other Contributions
$768
Change in Net Assets
$-2,708,476

Audited Revenue Reconciliation

Revenue per Audited Statements
$-40,036
Revenue Not Reported on Financial Statements
$606,471
Revenue Not Reported on Form 990
$-3,514,074
Total Revenue per Audited Statements
$-3,554,110
Total Revenue per Form 990
$566,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,522,639
Grants and Similar Amounts Paid$1,510,000
Salaries, Compensation, and Employee Benefits$242,272
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,510,000--$1,510,000
Fees for Service Investment Mgmnt Fees-$606,471-$606,471
Depreciation Depletion$529,996--$529,996
Current Officers, Directors, Trustees, and Key Employees$166,000$41,500-$207,500
Interest-$144,868-$144,868
Fees for Services Other-$51,623-$51,623
Office Expenses$24,618$25,082-$49,700
Occupancy$33,078$8,294-$41,372
Fees for Services Accounting-$36,200-$36,200
Travel-$35,446-$35,446
Fees for Services Legal-$26,963-$26,963
Other Employee Benefits$18,527$4,632-$23,159
Payroll Taxes$9,291$2,322-$11,613
Total Functional Expenses$2,291,510$983,401$0$3,274,911

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,274,911
Expenses per Audited Statements$2,668,440
Total Expenses per Audited Statements$2,668,440
Expenses Not Reported on Financial Statements$606,471
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grace Institute of New YorkNew York, NY501(c)(3)Operational Support$1,350,000
Grace OutreachBronx, NY501(c)(3)Operational Support$115,000
The Flax Trust AmericaNew York, NY501(c)(3)Operational Support$30,000
Catholic Charities Arch of NyNew York, NY501(c)(3)Operational Support$15,000
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
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Section A, Line 2

“Line 2 explanation - patrick grace and patricia montgomerie are cousins. Patrick grace & margaret grace are married.”

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - 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, Section B, Line 12C

“The organization has a board approved conflict 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, Section B, Line 15A

“Each year, the board reviews comparable salaries based on a recognized study and reviews the performance of the president & ceo to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary package is voted on.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Grace Institute
EIN
13-1641069
Phone
2122620662
Address
1270 AVENUE OF THE AMERICAS 1905, NEW YORK, NY 10020

Signing Officer

Name
Patrick Grace
Title
President/secretary
Phone
2122620662
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Grace
Formed
1897
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Sax Llp
Address
1040 AVENUE OF THE AMERICAS16TH, FLOOR, NEW YORK, NY 10018
Preparer
Mike Schall
Phone
2122682804
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending december 31, 2018 and later are subject to examination by applicable taxing authorities.”

Raw XML AppendixShowing 400 of 467 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt090868
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0182374
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE FINANCIAL SUPPORT TO JOB TRAINING PROGRAMS THAT ENABLE WOMEN TO ACHIEVE EMPLOYMENT.
IRS990/AllOtherContributionsAmt0768
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SHERRY LI
IRS990/BooksInCareOfDetail/PhoneNum02122620662
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01270 AVENUE OF THE AMERICAS
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010020
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt035291
IRS990/CashNonInterestBearingGrp/EOYAmt035730
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt041500
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0166000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0207500
IRS990/CompensationFromOtherSrcsInd01
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0145596
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0200 EAST 90TH STREET APT17E
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0NEW YORK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd010128
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0VINCENT L POMERANZ
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGING INVESTMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0768
IRS990/CYGrantsAndSimilarPaidAmt01510000
IRS990/CYInvestmentIncomeAmt0565667
IRS990/CYOtherExpensesAmt01522639
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-2708476
IRS990/CYSalariesCompEmpBnftPaidAmt0242272
IRS990/CYTotalExpensesAmt03274911
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0566435
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0529996
IRS990/DepreciationDepletionGrp/TotalAmt0529996
IRS990/Desc0PROVIDED GRANTS TO DESERVING WORKFORCE DEVELOPMENT ORGANIZATIONS IN LINE WITH OUR MISSION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt061965
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt061965
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02291510
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt036200
IRS990/FeesForServicesAccountingGrp/TotalAmt036200
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt026963
IRS990/FeesForServicesLegalGrp/TotalAmt026963
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt051623
IRS990/FeesForServicesOtherGrp/TotalAmt051623
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0606471
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0606471
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0PATRICK GRACE
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICIA MONTGOMERIE
IRS990/Form990PartVIISectionAGrp/PersonNm2PEDRO MATA
IRS990/Form990PartVIISectionAGrp/PersonNm3REV PATRICK DEVINE
IRS990/Form990PartVIISectionAGrp/PersonNm4MARGARET GRACE
IRS990/Form990PartVIISectionAGrp/PersonNm5MARY TIDLUND
IRS990/Form990PartVIISectionAGrp/PersonNm6ELISE GRACE
IRS990/Form990PartVIISectionAGrp/PersonNm7RUSSELL MONTGOMERIE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0215713
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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/TitleTxt0PRESIDENT/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASST. SECR/TRES
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01897
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-193501
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt01510000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01510000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01510000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt015150124
IRS990/GrossReceiptsAmt015910060
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0144868
IRS990/InterestGrp/TotalAmt0144868
IRS990/InvestmentIncomeGrp/ExclusionAmt0759168
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0759168
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt023194510
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt020123878
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012428706
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09829080
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03716613
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017204799
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016674803
IRS990/LandBldgEquipCostOrOtherBssAmt020391416
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt015343625
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GRACE INSTITUTE (THE "FOUNDATION") PROVIDES FINANCIAL SUPPORT TO JOB TRAINING PROGRAMS IN NEW YORK CITY THAT ENABLE WOMEN TO ACHIEVE SUSTAINED, GAINFUL EMPLOYMENT. THE FOUNDATION GIVES PARTICULAR ATTENTION TO THE ONGOING OPERATION AND VIABILITY OF GRACE INSTITUTE OF NEW YORK, WHICH ASSUMED THE FOUNDATION'S HISTORICAL OPERATION ROLE IN NEW YORK CITY WORKFORCE DEVELOPMENT IN OCTOBER 2016.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04772052
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04542835
IRS990/NetAssetsOrFundBalancesBOYAmt048941671
IRS990/NetAssetsOrFundBalancesEOYAmt042719121
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-193501
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-193501
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3514074
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt048879706
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt042657156
IRS990/NoncashContributionsAmt0768
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08294
IRS990/OccupancyGrp/ProgramServicesAmt033078
IRS990/OccupancyGrp/TotalAmt041372
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025082
IRS990/OfficeExpensesGrp/ProgramServicesAmt024618
IRS990/OfficeExpensesGrp/TotalAmt049700
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031691
IRS990/OtherAssetsTotalGrp/EOYAmt043977
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04632
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018527
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023159
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02322
IRS990/PayrollTaxesGrp/ProgramServicesAmt09291
IRS990/PayrollTaxesGrp/TotalAmt011613
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0117530
IRS990/PrincipalOfficerNm0PATRICK GRACE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012304
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01625000
IRS990/PYInvestmentIncomeAmt02420807
IRS990/PYOtherExpensesAmt01323450
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-746736
IRS990/PYSalariesCompEmpBnftPaidAmt0231397
IRS990/PYTotalExpensesAmt03179847
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02433111
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2708476
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0893094
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0619332
IRS990ScheduleA/ChurchInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt016673663
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03637085
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020310748
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt053948
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053948
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0606471
IRS990ScheduleD/ExpensesSubtotalAmt02668440
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0606471
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0606471
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3514074
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01140
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025580
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026720
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt020123878
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALTERNATIVE INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-3514074
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0606471
IRS990ScheduleD/RevenueSubtotalAmt0-40036
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2018 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016674803
IRS990ScheduleD/TotalBookValueSecuritiesAmt020123878
IRS990ScheduleD/TotalExpensesPerForm990Amt03274911
IRS990ScheduleD/TotalRevenuePerForm990Amt0566435
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-3554110
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02668440
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01350000
IRS990ScheduleI/RecipientTable/CashGrantAmt1115000
IRS990ScheduleI/RecipientTable/CashGrantAmt230000
IRS990ScheduleI/RecipientTable/CashGrantAmt315000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRACE INSTITUTE OF NEW YORK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GRACE OUTREACH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE FLAX TRUST AMERICA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CATHOLIC CHARITIES ARCH OF NY
IRS990ScheduleI/RecipientTable/RecipientEIN0810844164
IRS990ScheduleI/RecipientTable/RecipientEIN1861110482
IRS990ScheduleI/RecipientTable/RecipientEIN2251482764
IRS990ScheduleI/RecipientTable/RecipientEIN3135562185
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt040 RECTOR STREET 14TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1378 E 151ST ST 5
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2320 PARK AVE - 4TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31011 1ST AVE 11TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BRONX
IRS990ScheduleI/RecipientTable/USAddress/CityNm2NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm3NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010006
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110455
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd210022
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd310022
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0215713
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PATRICK GRACE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0215713
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2 EXPLANATION - PATRICK GRACE AND PATRICIA MONTGOMERIE ARE COUSINS. PATRICK GRACE & MARGARET GRACE ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 11B EXPLANATION - 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A BOARD APPROVED CONFLICT 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR, THE BOARD REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE PRESIDENT & CEO TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY PACKAGE IS VOTED ON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt053804591
IRS990/TotalAssetsEOYAmt047444330
IRS990/TotalAssetsGrp/BOYAmt053804591
IRS990/TotalAssetsGrp/EOYAmt047444330
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0768
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0983401
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02291510
IRS990/TotalFunctionalExpensesGrp/TotalAmt03274911

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,444,330
Liabilities
$4,725,209
Net assets
$42,719,121
Revenue
$566,435
Expenses
$3,274,911
Net income
-$2,708,476
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
2022Detailed filing. Detailed filing data is available for this year.$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
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