Civic Intelligence

Grace Prep Incorporated

990 • Fiscal year 2024 • EIN 20-1224844

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 23, 2025

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

87th percentile

0.49x

Higher debt load relative to assets than 87% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.27x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-9.7%

Faster revenue growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$329,567

Up $50,967 (+18%) from 2023

Net Assets

Down

$169,501

Down $43,351 (-20%) from 2023

Liabilities

Up

$160,066

Up $94,318 (+143%) from 2023

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin12th percentile

Revenue

Down

$590,956

Down $63,637 (-9.7%) from 2023

Expenses

Down

$748,307

Down $8,934 (-1.2%) from 2023

Net Income

Down

-$157,351

Down $54,703 (-53%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2024

Assets$329,567
Liabilities$160,066
Net Assets$169,501
Open 2024 Filing

Operations Trend

Revenue Growth24th 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

2024

Revenue$590,956
Expenses$748,307
Net Income-$157,351
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 23, 2025
Return Version
2023v6.0
Gross Receipts
$590,956
Mission and Program Overview

Mission

PRIVATE CHRISTIAN SCHOOL

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$175,975$193,367▲ $17,392
Cash and Non-Interest-Bearing Accounts$67,720$102,498▲ $34,778
Land, Buildings, and Equipment, Net$20,441$19,500▼ $941
Accounts Receivable$14,464$14,202▼ $262
Total Assets$278,600$329,567▲ $50,967
Liabilities
Deferred Revenue$57,116$146,870▲ $89,754
Accounts Payable and Accrued Expenses$8,632$13,196▲ $4,564
Total Liabilities$65,748$160,066▲ $94,318
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$212,852$169,501▼ $43,351
Total Net Assets Fund Balance$212,852$169,501▼ $43,351
Total Liabilities and Net Assets / Fund Balance$278,600$329,567▲ $50,967

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$154,938$154,938
Buildings$19,345$23,567$42,912
Other Land Buildings$155$2,778$2,933
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$84,194
Program Service Revenue
$502,505
Investment Income
$4,257
Other Revenue
$0
All Other Contributions
$84,194
Change in Net Assets
$-157,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$542,902
Other Expenses$205,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$452,839--$452,839
Other Employee Benefits$58,018--$58,018
Occupancy$53,875--$53,875
Payroll Taxes$32,045--$32,045
All Other Expenses$22,574--$22,574
Office Expenses$20,966--$20,966
Fees for Services Other$18,107--$18,107
Other Expenses$14,293--$14,293
Advertising$8,483--$8,483
Insurance$4,983--$4,983
Travel$1,948--$1,948
Conferences and Meetings$1,709--$1,709
Fees for Services Accounting$1,500--$1,500
Depreciation Depletion$1,344--$1,344
Total Functional Expenses$748,307$0$0$748,307
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
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
2025-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Gresh
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
13
Volunteers
50

Preparer

Firm
Steve Richardson & Company
Address
2618 8TH ST, 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

“ETC 114,000”

Raw XML Appendix338 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.

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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
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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/ExplanationTxt6ETC 114,000
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0278600
IRS990/TotalAssetsEOYAmt0329567
IRS990/TotalAssetsGrp/BOYAmt0278600
IRS990/TotalAssetsGrp/EOYAmt0329567
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt084194
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0748307
IRS990/TotalFunctionalExpensesGrp/TotalAmt0748307
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065748
IRS990/TotalLiabilitiesEOYAmt0160066
IRS990/TotalLiabilitiesGrp/BOYAmt065748
IRS990/TotalLiabilitiesGrp/EOYAmt0160066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0212852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0169501
IRS990/TotalProgramServiceExpensesAmt0748307
IRS990/TotalProgramServiceRevenueAmt0502505
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0506762
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0590956
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0278600
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0329567
IRS990/TravelGrp/ProgramServicesAmt01948
IRS990/TravelGrp/TotalAmt01948
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/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BOB GRESH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08142346072
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-23
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 ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUSCALOOSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035401
ReturnHeader/PreparerPersonGrp/PhoneNum02053493580
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES S RICHARDSON
ReturnHeader/ReturnTs02025-01-23T11:30:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$329,567
Liabilities
$160,066
Net assets
$169,501
Revenue
$590,956
Expenses
$748,307
Net income
-$157,351
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