Civic Intelligence

Grace Center Foundation Inc

EIN 20-4510552 • 501(c)3 • Naples, FL

Profile

To seek to save the lives of children and their families in ethiopia through an integrated, holistic approach.

431 Lagoon AvenueNaples, FL 34108

www.gracecenterfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$69,617

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

94th percentile

92%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

51%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,442,038

Up $689,307 (+92%) from 2023

Liabilities

Up

$19,626

Up $17,032 (+657%) from 2023

Net Assets

Up

$1,422,412

Up $672,275 (+90%) from 2023

Revenue

Up

$1,899,842

Up $640,824 (+51%) from 2023

Expenses

Up

$1,227,567

Up $197,296 (+19%) from 2023

Net Income

Up

$672,275

Up $443,528 (+194%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2011: $22,712Liabilities 2011: $0Net Assets 2011: $22,7122011Assets 2012: $45,627Liabilities 2012: $0Net Assets 2012: $45,6272012Assets 2013: $10,474Liabilities 2013: $0Net Assets 2013: $10,4742013Assets 2014: $8,667Liabilities 2014: $0Net Assets 2014: $8,6672014Assets 2015: $29,498Liabilities 2015: $2,386Net Assets 2015: $27,1122015Assets 2016: $45,502Liabilities 2016: $56Net Assets 2016: $45,4462016Assets 2017: $92,562Liabilities 2017: $0Net Assets 2017: $92,5622017Assets 2018: $73,889Liabilities 2018: $56Net Assets 2018: $73,8332018Assets 2019: $132,606Liabilities 2019: $3,679Net Assets 2019: $128,9272019Assets 2020: $314,788Liabilities 2020: -$1,014Net Assets 2020: $315,8022020Assets 2021: $516,780Liabilities 2021: $1,932Net Assets 2021: $514,8482021Assets 2022: $524,831Liabilities 2022: $3,441Net Assets 2022: $521,3902022Assets 2023: $752,731Liabilities 2023: $2,594Net Assets 2023: $750,1372023Assets 2024: $1,442,038Liabilities 2024: $19,626Net Assets 2024: $1,422,4122024

Highlighted filing

2024

Assets$1,442,038
Liabilities$19,626
Net Assets$1,422,412

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $237,914Expenses 2011: $239,785Net Income 2011: -$1,8712011Revenue 2012: $286,715Expenses 2012: $263,800Net Income 2012: $22,9152012Revenue 2013: $269,587Expenses 2013: $304,740Net Income 2013: -$35,1532013Revenue 2014: $329,018Expenses 2014: $330,825Net Income 2014: -$1,8072014Revenue 2015: $295,506Expenses 2015: $277,061Net Income 2015: $18,4452015Revenue 2016: $356,819Expenses 2016: $338,485Net Income 2016: $18,3342016Revenue 2017: $422,248Expenses 2017: $375,132Net Income 2017: $47,1162017Revenue 2018: $460,263Expenses 2018: $478,992Net Income 2018: -$18,7292018Revenue 2019: $561,185Expenses 2019: $506,091Net Income 2019: $55,0942019Revenue 2020: $867,301Expenses 2020: $727,745Net Income 2020: $139,5562020Revenue 2021: $988,174Expenses 2021: $715,141Net Income 2021: $273,0332021Revenue 2022: $1,077,255Expenses 2022: $1,070,713Net Income 2022: $6,5422022Revenue 2023: $1,259,018Expenses 2023: $1,030,271Net Income 2023: $228,7472023Revenue 2024: $1,899,842Expenses 2024: $1,227,567Net Income 2024: $672,2752024

Highlighted filing

2024

Revenue$1,899,842
Expenses$1,227,567
Net Income$672,275

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.44$0.02$1.42$1.90$1.23$0.67
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$1.26$1.03$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.08$1.07$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.51$0.99$0.72$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.32$0.87$0.73$0.14
2019Summary only. Only limited summary data is available for this year.$0.13$0.00$0.13$0.56$0.51$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.46$0.48$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.42$0.38$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.36$0.34$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.30$0.28$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.33$0.33$0.00
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.27$0.30$0.04
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.29$0.26$0.02
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.24$0.24$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.0
Gross Receipts
$2,006,777
Mission and Program Overview

Mission

To seek to save the lives of children and their families in Ethiopia through an integrated, holistic approach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$221,602$912,911▲ $691,309
Cash and Non-Interest-Bearing Accounts$531,129$529,127▼ $2,002
Total Assets$752,731$1,442,038▲ $689,307
Liabilities
Accounts Payable and Accrued Expenses$2,594$19,626▲ $17,032
Total Liabilities$2,594$19,626▲ $17,032
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$750,137$1,297,573▲ $547,436
Net Assets With Donor Restrictions-$124,839-
Total Net Assets Fund Balance$750,137$1,422,412▲ $672,275
Total Liabilities and Net Assets / Fund Balance$752,731$1,442,038▲ $689,307
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marcie EricksonExecutive DiFT$69,617$69,617
Michelle RobinsonTreasurerFT$65,620$65,620

Board Members and Trustees

NameTitle
Trevor BragdonPresident
Estee HentgesDirector
Jim HilderbrandDirector
Josh HentgesDirector
Pat WilleDirector
Sefinew MengistuDirector
Susan TarantinoDirector
Deanna MyersRecording Se
Rosemary EricksonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,910,547
Program Service Revenue
$0
Investment Income
$23,244
Other Revenue
$-33,949
All Other Contributions
$1,435,436
Change in Net Assets
$672,275

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table39$47,502Fair Market Value (FMV)
Total Noncash Contributions39$47,502-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,899,842
Total Revenue per Audited Statements
$1,899,842
Total Revenue per Form 990
$1,899,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,116,295
Other Expenses$111,272
Total Fundraising Expense$75,328
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,116,295--$1,116,295
Other Expenses--$58,118$58,118
Office Expenses-$8,831$6,245$15,076
Fees for Services Other-$7,000$7,000$14,000
Fees for Services Legal-$8,250-$8,250
Travel-$3,965$3,965$7,930
Information Technology-$5,405-$5,405
Occupancy$2,034--$2,034
Insurance-$459-$459
Total Functional Expenses$1,118,329$33,910$75,328$1,227,567

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,227,567
Total Expenses per Audited Statements$1,227,567
Total Expenses per Form 990$1,227,567
International Activity

International Summary

Employees
2
Spending
$1,116,295

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharanProgram ServicesEducation--$222,476
Sub-saharanProgram ServicesFood--$186,623
Sub-saharanProgram ServicesChild Care--$184,266
Sub-saharanProgram ServicesOrphan Care--$169,390
Sub-saharanProgram ServicesOther Services--$115,785
Sub-saharanProgram ServicesAdministration-1$53,135
Sub-saharanProgram ServicesSpecial Needs--$46,066
Sub-saharanProgram ServicesMissionary Support--$38,968
Sub-saharanProgram ServicesBaby Formula--$32,832
Sub-saharanProgram ServicesMedical--$20,819
Sub-saharanProgram ServicesBuilding Fund-1$20,000
Sub-saharanProgram ServicesFamily Services--$18,427
Sub-saharanProgram ServicesSmall Business--$6,623
Sub-saharanProgram ServicesEthiopian Staff Bonu--$885
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$106,935
Fundraising Gross Income$71,502
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Experience Ethi$546,613$71,502$67,271$4,231
Total Events$546,613$71,502$106,935$-35,433
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Rosemary erickson marcie erickson secretary exec dir mother/daughter rosemary erickson deanna myers secretary rec sect mother/daughter marcie erickson deanna myers exec dir rec sect sisters marcie erickson sefinew mengistu exec dir director wife/husband

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

The 990 is reviewed by the board of directors prior to electronic filing.

Form 990, Page 6, Part VI, Line 12C

Each board member and officer is required to submit a statement on an annual basis as to any potential conflicts of interest.

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

Grace center foundation conducts a review of the executive director and of the donor manager then searches for salaries from other organizations with similar structures and similar requirements for the positions before making a determination. Of course the financial status of our organization is also considered.

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

Grace center foundation conducts a review of the other key employees then searches for salaries from other organizations with similar structures and similar requirements for the positions before making a determination.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Form 990, Part VII

Amounts paid per 1099s issued were reported for executive director and treasurer.

Filing and Contact Details

Filer

Filer Name
Grace Center Foundation Inc
EIN
20-4510552
Phone
2392500432
Address
431 LAGOON AVENUE, NAPLES, FL 34108

Signing Officer

Name
Rosemary Erickson
Title
Secretary
Phone
2392500432
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosemary Erickson
Formed
2006
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Stroemer & Company
Address
14030 METROPOLIS AVE STE 200, FORT MYERS, FL 33912
Preparer
Marc Whitfield CPA
Phone
2394331002
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The internal revenue service has determined that the organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The organization is a not-for-profit florida corporation and therefore is not subject to state income taxes. The internal revenue code provides for taxation of unrelated business income under certain circumstances. The organization reports no unrelated business taxable income; however, such status is subject to final determination upon examination of the related tax returns by the appropriate taxing authorities. The organization's tax filings are subject to audit by various taxing authorities. Certain income tax returns filed by the organization remain open to examination by these government aqencies. The financial accounting standards board has issued guidance on accounting for uncertainty in income taxes and the organization adopted this guidance. The organization has evaluated its tax positions and any estimates utlized in its tax returns, and concluded that the organization has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Interest and penalties associated with uncertain tax positions will be recognized in income tax expense, if required.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS A NOT-FOR-PROFIT FLORIDA CORPORATION AND THEREFORE IS NOT SUBJECT TO STATE INCOME TAXES. THE INTERNAL REVENUE CODE PROVIDES FOR TAXATION OF UNRELATED BUSINESS INCOME UNDER CERTAIN CIRCUMSTANCES. THE ORGANIZATION REPORTS NO UNRELATED BUSINESS TAXABLE INCOME; HOWEVER, SUCH STATUS IS SUBJECT TO FINAL DETERMINATION UPON EXAMINATION OF THE RELATED TAX RETURNS BY THE APPROPRIATE TAXING AUTHORITIES. THE ORGANIZATION'S TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. CERTAIN INCOME TAX RETURNS FILED BY THE ORGANIZATION REMAIN OPEN TO EXAMINATION BY THESE GOVERNMENT AQENCIES. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND THE ORGANIZATION ADOPTED THIS GUIDANCE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND ANY ESTIMATES UTLIZED IN ITS TAX RETURNS, AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS WILL BE RECOGNIZED IN INCOME TAX EXPENSE, IF REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ADMINISTRATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1BUILDING FUND
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2CHILD CARE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3EDUCATION
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4ETHIOPIAN STAFF BONU
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5FAMILY SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt6FOOD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt7MEDICAL
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt8MISSIONARY SUPPORT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt9ORPHAN CARE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt10OTHER SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt11SMALL BUSINESS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt12SPECIAL NEEDS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt13BABY FORMULA
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0SUB-SAHARAN 53,135 0 SUB-SAHARAN 20,000 0 SUB-SAHARAN 184,266 0 SUB-SAHARAN 222,476 0 SUB-SAHARAN 885 0 SUB-SAHARAN 18,427 0 SUB-SAHARAN 186,623 0 SUB-SAHARAN 20,819 0 SUB-SAHARAN 38,968 0 SUB-SAHARAN 169,390 0 SUB-SAHARAN 115,785 0 SUB-SAHARAN 6,623 0 SUB-SAHARAN 46,066 0 SUB-SAHARAN 32,832 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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