Civic Intelligence

Grace Prep Incorporated

990 • Fiscal year 2023 • EIN 20-1224844

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 14, 2023

Organization ProfileWWW.GRACEPREP.COM
848 Science Park RoadState College, PA 16801

(814) 234-6072

Siviq Scores

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

Liabilities / Assets

77th percentile

0.24x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.10x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

19th percentile

-16%

Higher net margin than 19% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

6th percentile

-31%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.6%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$278,600

Down $127,730 (-31%) from 2022

Net Assets

Down

$212,852

Down $102,648 (-33%) from 2022

Liabilities

Down

$65,748

Down $25,082 (-28%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin19th percentile

Revenue

Down

$654,593

Down $69,282 (-9.6%) from 2022

Expenses

Up

$757,241

Up $33,884 (+4.7%) from 2022

Net Income

Down

-$102,648

Down $103,166 (-19916%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$600K$400K$200K$0-$200KAssets 2011: $47,073Liabilities 2011: $130,192Net Assets 2011: -$83,1192011Assets 2012: $37,131Liabilities 2012: $42,557Net Assets 2012: -$5,4262012Assets 2013: $98,789Liabilities 2013: $109,301Net Assets 2013: -$10,5122013Assets 2014: $197,556Liabilities 2014: $127,733Net Assets 2014: $69,8232014Assets 2015: $238,465Liabilities 2015: $144,918Net Assets 2015: $93,5472015Assets 2016: $122,782Liabilities 2016: $74,928Net Assets 2016: $47,8542016Assets 2017: $243,420Liabilities 2017: $219,116Net Assets 2017: $24,3042017Assets 2018: $115,198Liabilities 2018: $112,548Net Assets 2018: $2,6502018Assets 2019: $256,386Liabilities 2019: $159,029Net Assets 2019: $97,3572019Assets 2020: $338,083Liabilities 2020: $197,724Net Assets 2020: $140,3592020Assets 2021: $381,024Liabilities 2021: $164,683Net Assets 2021: $216,3412021Assets 2022: $406,330Liabilities 2022: $90,830Net Assets 2022: $315,5002022Assets 2023: $278,600Liabilities 2023: $65,748Net Assets 2023: $212,8522023Assets 2024: $329,567Liabilities 2024: $160,066Net Assets 2024: $169,5012024Assets 2025: $283,874Liabilities 2025: $208,856Net Assets 2025: $75,0182025

Highlighted filing

2023

Assets$278,600
Liabilities$65,748
Net Assets$212,852
Open 2023 Filing

Operations Trend

Revenue Growth26th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $461,6462011Expenses 2012: $475,6122012Revenue 2013: $507,888Expenses 2013: $512,974Net Income 2013: -$5,0862013Revenue 2014: $640,594Expenses 2014: $560,259Net Income 2014: $80,3352014Revenue 2015: $683,409Expenses 2015: $659,685Net Income 2015: $23,7242015Revenue 2016: $737,686Expenses 2016: $783,379Net Income 2016: -$45,6932016Revenue 2017: $753,303Expenses 2017: $776,853Net Income 2017: -$23,5502017Revenue 2018: $772,625Expenses 2018: $794,279Net Income 2018: -$21,6542018Revenue 2019: $931,795Expenses 2019: $837,088Net Income 2019: $94,7072019Revenue 2020: $767,271Expenses 2020: $724,269Net Income 2020: $43,0022020Revenue 2021: $759,886Expenses 2021: $683,904Net Income 2021: $75,9822021Revenue 2022: $723,875Expenses 2022: $723,357Net Income 2022: $5182022Revenue 2023: $654,593Expenses 2023: $757,241Net Income 2023: -$102,6482023Revenue 2024: $590,956Expenses 2024: $748,307Net Income 2024: -$157,3512024Revenue 2025: $607,658Expenses 2025: $825,774Net Income 2025: -$218,1162025

Highlighted filing

2023

Revenue$654,593
Expenses$757,241
Net Income-$102,648
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$654,593
Mission and Program Overview

Mission

PRIVATE CHRISTIAN SCHOOL

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$276,448$175,975▼ $100,473
Cash and Non-Interest-Bearing Accounts$97,236$67,720▼ $29,516
Land, Buildings, and Equipment, Net$21,537$20,441▼ $1,096
Accounts Receivable$11,109$14,464▲ $3,355
Total Assets$406,330$278,600▼ $127,730
Liabilities
Deferred Revenue$79,126$57,116▼ $22,010
Accounts Payable and Accrued Expenses$11,704$8,632▼ $3,072
Total Liabilities$90,830$65,748▼ $25,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$315,500$212,852▼ $102,648
Total Net Assets Fund Balance$315,500$212,852▼ $102,648
Total Liabilities and Net Assets / Fund Balance$406,330$278,600▼ $127,730

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$154,938$154,938
Buildings$20,441$22,471$42,912
Other Land Buildings-$2,530$2,530
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bob GreshPresident
Jeff WendleMember
Steve WeaverTreasurer
Robi HairsVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,900
Program Service Revenue
$577,160
Investment Income
$2,533
Other Revenue
$0
All Other Contributions
$74,900
Change in Net Assets
$-102,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$504,689
Other Expenses$250,036
Professional Fundraising Fees$2,516
Total Fundraising Expense$2,516
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$433,755--$433,755
Occupancy$57,159--$57,159
Other Employee Benefits$42,189--$42,189
Payroll Taxes$28,745--$28,745
Fees for Services Other$27,425--$27,425
All Other Expenses$21,740--$21,740
Office Expenses$19,534--$19,534
Other Expenses$16,017--$16,017
Advertising$14,950--$14,950
Insurance$5,142--$5,142
Conferences and Meetings$2,954--$2,954
Fees for Services Professional Fundraising--$2,516$2,516
Fees for Services Accounting$1,500--$1,500
Travel$1,244--$1,244
Depreciation Depletion$1,096--$1,096
Total Functional Expenses$754,725$0$2,516$757,241
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,516
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
Backup withholding compliance
No
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
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7B

“General school requirements, rules and regulations and compensation of teachers and administrative staff are subject to board member approval.”

Form 990, Page 6, Part VI, Line 11B

“The board members review and approve the annual 990 returns prior to submission to the governing authorities.”

Form 990, Page 6, Part VI, Line 15A

“All top official compensation is approved by board members.”

Form 990, Page 6, Part VI, Line 15B

“All top official compensation is approved by board members.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request to the board.”

Filing and Contact Details

Filer

Filer Name
Grace Prep Inc
EIN
20-1224844
Phone
8142346072
Address
848 SCIENCE PARK ROAD, STATE COLLEGE, PA 16801

Signing Officer

Name
Bob Gresh
Title
President
Phone
8142346072
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Gresh
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
14
Volunteers
50

Preparer

Firm
Steve Richardson & Company
Address
2618 8TH STREET, TUSCALOOSA, AL 35401
Preparer
Charles S Richardson
Phone
2053493580
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Volunteers assist with various school activities such as fundraising and student activities.”

Form 990, Part XI, Line 9

“PPP LOAN FORGIVENESS 0”

Raw XML Appendix339 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/BOYAmt011704
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08632
IRS990/AccountsReceivableGrp/BOYAmt011109
IRS990/AccountsReceivableGrp/EOYAmt014464
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PRIVATE CHRISTIAN SCHOOL
IRS990/AdvertisingGrp/ProgramServicesAmt014950
IRS990/AdvertisingGrp/TotalAmt014950
IRS990/AllOtherContributionsAmt074900
IRS990/AllOtherExpensesGrp/ProgramServicesAmt021740
IRS990/AllOtherExpensesGrp/TotalAmt021740
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0CHRISTINE NEBROSKI
IRS990/BooksInCareOfDetail/PhoneNum08142346072
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03006 RESEARCH DR
IRS990/BooksInCareOfDetail/USAddress/CityNm0STATE COLLEGE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd016801
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt097236
IRS990/CashNonInterestBearingGrp/EOYAmt067720
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt02954
IRS990/ConferencesMeetingsGrp/TotalAmt02954
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt074900
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02533
IRS990/CYOtherExpensesAmt0250036
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0577160
IRS990/CYRevenuesLessExpensesAmt0-102648
IRS990/CYSalariesCompEmpBnftPaidAmt0504689
IRS990/CYTotalExpensesAmt0757241
IRS990/CYTotalFundraisingExpenseAmt02516
IRS990/CYTotalProfFndrsngExpnsAmt02516
IRS990/CYTotalRevenueAmt0654593
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt079126
IRS990/DeferredRevenueGrp/EOYAmt057116
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01096
IRS990/DepreciationDepletionGrp/TotalAmt01096
IRS990/Desc0EDUCATION OF APPROXIMATELY 50 STUDENTS IN GRADES 9 THROUGH 12
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt014
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0754725
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01500
IRS990/FeesForServicesAccountingGrp/TotalAmt01500
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt027425
IRS990/FeesForServicesOtherGrp/TotalAmt027425
IRS990/FeesForServicesProfFundraising/FundraisingAmt02516
IRS990/FeesForServicesProfFundraising/TotalAmt02516
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0BOB GRESH
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBI HAIRS
IRS990/Form990PartVIISectionAGrp/PersonNm2STEVE WEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF WENDLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0654593
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt05142
IRS990/InsuranceGrp/TotalAmt05142
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02533
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02533
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0179939
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021537
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020441
IRS990/LandBldgEquipCostOrOtherBssAmt0200380
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PRIVATE CHRISTIAN SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0315500
IRS990/NetAssetsOrFundBalancesEOYAmt0212852
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0315500
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0212852
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt057159
IRS990/OccupancyGrp/TotalAmt057159
IRS990/OfficeExpensesGrp/ProgramServicesAmt019534
IRS990/OfficeExpensesGrp/TotalAmt019534
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt042189
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042189
IRS990/OtherExpensesGrp/Desc0STUDENT HOUSING
IRS990/OtherExpensesGrp/Desc1STUDENT SPORTS
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3EDUCATION TECHNOLOGY
IRS990/OtherExpensesGrp/ProgramServicesAmt034020
IRS990/OtherExpensesGrp/ProgramServicesAmt123791
IRS990/OtherExpensesGrp/ProgramServicesAmt223464
IRS990/OtherExpensesGrp/ProgramServicesAmt316017
IRS990/OtherExpensesGrp/TotalAmt034020
IRS990/OtherExpensesGrp/TotalAmt123791
IRS990/OtherExpensesGrp/TotalAmt223464
IRS990/OtherExpensesGrp/TotalAmt316017
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0433755
IRS990/OtherSalariesAndWagesGrp/TotalAmt0433755
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt028745
IRS990/PayrollTaxesGrp/TotalAmt028745
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0BOB GRESH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0577160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0577160
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0124059
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt0185783
IRS990/PYProgramServiceRevenueAmt0599766
IRS990/PYRevenuesLessExpensesAmt0518
IRS990/PYSalariesCompEmpBnftPaidAmt0537574
IRS990/PYTotalExpensesAmt0723357
IRS990/PYTotalRevenueAmt0723875
IRS990/ReconcilationRevenueExpnssAmt0-102648
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0276448
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0175975
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt020441
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022471
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt042912
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154938
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0154938
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02530
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02530
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020441
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE HAVE COMPLIED WITH REVENUE PROCEDURE 75-50 AND GUIDELINES SET FORTH IN THE CUMULATIVE BULLETIN 1975-2 WHICH PERTAINS TO PRIVATE SCHOOLS AND RACIALLY NONDISCRIMINATRY POLICIES FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ASSIST WITH VARIOUS SCHOOL ACTIVITIES SUCH AS FUNDRAISING AND STUDENT ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GENERAL SCHOOL REQUIREMENTS, RULES AND REGULATIONS AND COMPENSATION OF TEACHERS AND ADMINISTRATIVE STAFF ARE SUBJECT TO BOARD MEMBER APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS REVIEW AND APPROVE THE ANNUAL 990 RETURNS PRIOR TO SUBMISSION TO THE GOVERNING AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL TOP OFFICIAL COMPENSATION IS APPROVED BY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL TOP OFFICIAL COMPENSATION IS APPROVED BY BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PPP LOAN FORGIVENESS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0406330
IRS990/TotalAssetsEOYAmt0278600
IRS990/TotalAssetsGrp/BOYAmt0406330
IRS990/TotalAssetsGrp/EOYAmt0278600
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt074900
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02516
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0754725
IRS990/TotalFunctionalExpensesGrp/TotalAmt0757241
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt090830
IRS990/TotalLiabilitiesEOYAmt065748
IRS990/TotalLiabilitiesGrp/BOYAmt090830
IRS990/TotalLiabilitiesGrp/EOYAmt065748
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0315500
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0212852
IRS990/TotalProgramServiceExpensesAmt0754725
IRS990/TotalProgramServiceRevenueAmt0577160
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0579693
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0654593
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0406330
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0278600
IRS990/TravelGrp/ProgramServicesAmt01244
IRS990/TravelGrp/TotalAmt01244
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0186 QUICK FARM LANE
IRS990/USAddress/CityNm0STATE COLLEGE
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd016801
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.GRACEPREP.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOB GRESH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08142346072
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE PREP INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0201224844
ReturnHeader/Filer/PhoneNum08142346072
ReturnHeader/Filer/USAddress/AddressLine1Txt0848 SCIENCE PARK ROAD
ReturnHeader/Filer/USAddress/CityNm0STATE COLLEGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016801
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630918950
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEVE RICHARDSON & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02618 8TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUSCALOOSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035401
ReturnHeader/PreparerPersonGrp/PhoneNum02053493580
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES S RICHARDSON
ReturnHeader/ReturnTs02023-11-15T16:43:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BOB
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRESH
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$278,600
Liabilities
$65,748
Net assets
$212,852
Revenue
$654,593
Expenses
$757,241
Net income
-$102,648
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.84$2.09$0.75$6.08$8.26$2.18
2024Detailed filing. Detailed filing data is available for this year.$3.30$1.60$1.70$5.91$7.48$1.57
2023Detailed filing. Detailed filing data is available for this year.$2.79$0.66$2.13$6.55$7.57$1.03
2022Detailed filing. Detailed filing data is available for this year.$4.06$0.91$3.16$7.24$7.23$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.81$1.65$2.16$7.60$6.84$0.76
2020Detailed filing. Detailed filing data is available for this year.$3.38$1.98$1.40$7.67$7.24$0.43
2019Detailed filing. Detailed filing data is available for this year.$2.56$1.59$0.97$9.32$8.37$0.95
2018Detailed filing. Detailed filing data is available for this year.$1.15$1.13$0.03$7.73$7.94$0.22
2017Detailed filing. Detailed filing data is available for this year.$2.43$2.19$0.24$7.53$7.77$0.24
2016Detailed filing. Detailed filing data is available for this year.$1.23$0.75$0.48$7.38$7.83$0.46
2015Detailed filing. Detailed filing data is available for this year.$2.38$1.45$0.94$6.83$6.60$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.98$1.28$0.70$6.41$5.60$0.80
2013Summary only. Only limited summary data is available for this year.$0.99$1.09$0.11$5.08$5.13$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.43$0.05$4.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$1.30$0.83$4.62