Civic Intelligence

The Grace Foundation

990 • Fiscal year 2019 • EIN 30-0837869

Jan 01, 2019 to Dec 31, 2019 • Filed on May 19, 2020

Organization ProfileGRACE-FOUNDATION.ORG
PO Box 6431Rochester, MN 55903

(507) 990-0342

Siviq Scores

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

Liabilities / Assets

91st percentile

0.59x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

1.19x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

84th percentile

47%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-34%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$237,749

Up $76,238 (+47%) from 2018

Net Assets

Down

$97,863

Down $44,700 (-31%) from 2018

Liabilities

Up

$139,886

Up $120,938 (+638%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin85th percentile

Revenue

Down

$117,918

Down $61,255 (-34%) from 2018

Expenses

Down

$79,258

Down $43,480 (-35%) from 2018

Net Income

Down

$38,660

Down $17,775 (-31%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$1.5M$1.0M$500K$0Assets 2016: $92,385Liabilities 2016: $9,580Net Assets 2016: $82,8052016Assets 2017: $113,127Liabilities 2017: $15,711Net Assets 2017: $97,4162017Assets 2018: $161,511Liabilities 2018: $18,948Net Assets 2018: $142,5632018Assets 2019: $237,749Liabilities 2019: $139,886Net Assets 2019: $97,8632019Assets 2020: $316,845Liabilities 2020: $171,274Net Assets 2020: $145,5712020Assets 2021: $456,338Liabilities 2021: $206,741Net Assets 2021: $249,5972021Assets 2022: $664,913Liabilities 2022: $504,772Net Assets 2022: $160,1412022Assets 2023: $846,586Liabilities 2023: $587,663Net Assets 2023: $258,9232023Assets 2024: $1,072,553Liabilities 2024: $670,002Net Assets 2024: $402,5512024

Highlighted filing

2019

Assets$237,749
Liabilities$139,886
Net Assets$97,863
Open 2019 Filing

Operations Trend

Revenue Growth15th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2016: $66,260Expenses 2016: $36,549Net Income 2016: $29,7112016Revenue 2017: $154,050Expenses 2017: $148,044Net Income 2017: $6,0062017Revenue 2018: $179,173Expenses 2018: $122,738Net Income 2018: $56,4352018Revenue 2019: $117,918Expenses 2019: $79,258Net Income 2019: $38,6602019Revenue 2020: $77,124Expenses 2020: $55,490Net Income 2020: $21,6342020Revenue 2021: $138,445Expenses 2021: $84,958Net Income 2021: $53,4872021Revenue 2022: $352,442Expenses 2022: $364,812Net Income 2022: -$12,3702022Revenue 2023: $234,539Expenses 2023: $223,119Net Income 2023: $11,4202023Revenue 2024: $273,454Expenses 2024: $206,100Net Income 2024: $67,3542024

Highlighted filing

2019

Revenue$117,918
Expenses$79,258
Net Income$38,660
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 19, 2020
Return Version
2019v5.1
Gross Receipts
$160,422
Mission and Program Overview

Mission

To secure, cultivate, and distribute short-term and long-term financial resources on behalf of partner christian schools in the rochester area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$125,770$168,174▲ $42,404
Rtn Earn Endowment Incm Other Fnds$142,563$97,863▼ $44,700
Savings and Temporary Cash Investments$35,741$59,025▲ $23,284
Pledges and Grants Receivable-$10,550-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$161,511$237,749▲ $76,238
Liabilities
Grants Payable$18,948$138,940▲ $119,992
Accounts Payable and Accrued Expenses-$946-
Total Liabilities$18,948$139,886▲ $120,938
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,563$97,863▼ $44,700
Total Liabilities and Net Assets / Fund Balance$161,511$237,749▲ $76,238

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$125,770$10,025▲ $32,379-$168,174
2018$77,415$57,082▼ $8,727-$125,770
2017$54,275$13,050▲ $10,090-$77,415
2016$38,426$11,053▲ $4,795-$54,275
2015-$39,522▼ $1,095-$38,426
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Chris BaumPresident & Director
Brian HansonDirector
Christie AtwellDirector
Paul LindellDirector
Peter MelsnessTreasurer & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$87,009
Program Service Revenue
$0
Investment Income
$4,119
Other Revenue
$26,790
All Other Contributions
$23,551
Change in Net Assets
$38,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,252
Other Expenses$28,006
Total Fundraising Expense$7,908
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,252--$51,252
Fees for Services Legal-$9,045$2,261$11,306
Information Technology-$2,670$2,185$4,855
Fees for Services Other-$462$3,462$3,924
Advertising-$2,712-$2,712
Office Expenses-$1,624-$1,624
Other Expenses-$140$0$140
Travel-$49-$49
Total Functional Expenses$51,252$20,098$7,908$79,258
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rochester Central Lutheran SchoolRochester, MN-General Funding$24,970
Rochester Central Lutheran SchoolRochester, MN-Infrastructure$14,912
Rochester Central Lutheran SchoolRochester, MN-Scholarship Grant$9,970
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,294
Fundraising Direct Expenses$42,504
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Blue and White Night$96,502$69,294$33,993$35,301
Total Events$96,502$69,294$42,504$26,790
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
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
No
CEO compensation reviewed
No
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 B, Line 11B

“Organization's process to review form 990, the form 990 is reviewed by the treasurer and the president prior to filing.”

Form 990, Part VI, Section B, Line 12C

“There is an annual review for conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation. The 990 is available upon request through the organization's website.”

Filing and Contact Details

Filer

Filer Name
The Grace Foundation
EIN
30-0837869
Phone
5079900342
Address
PO BOX 6431, ROCHESTER, MN 55903

Signing Officer

Name
Chris Baum
Title
President
Phone
5079900342
Signed
2020-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Baum
Formed
2014
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
20

Preparer

Firm
Boeckermann Grafstrom & Mayer LLC
Address
4470 W 78TH ST CIRCLE STE 200, BLOOMINGTON, MN 55435-5416
Preparer
John Barghini
Phone
9528442500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Reclass to temporary restricted general fund -118,500.”

Raw XML AppendixShowing 400 of 408 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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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt027208
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027208
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt042504
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BLUE AND WHITE NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt096502
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt096502
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt069294
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt069294
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026790
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033993
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt014912
IRS990ScheduleI/RecipientTable/CashGrantAmt124970
IRS990ScheduleI/RecipientTable/CashGrantAmt29970
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHOLARSHIP GRANT
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ROCHESTER CENTRAL LUTHERAN SCHOOL
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12619 9TH AVENUE NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22619 9TH AVENUE NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCHESTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ROCHESTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ROCHESTER
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990, THE FORM 990 IS REVIEWED BY THE TREASURER AND THE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS AN ANNUAL REVIEW FOR CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION. THE 990 IS AVAILABLE UPON REQUEST THROUGH THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RECLASS TO TEMPORARY RESTRICTED GENERAL FUND -118,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0237749
IRS990/TotalAssetsGrp/BOYAmt0161511
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt087009
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07908
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020098
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051252
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherProgSrvcGrantAmt01400
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0117918
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt05
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IRS990/WhistleblowerPolicyInd01
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554355416

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$237,749
Liabilities
$139,886
Net assets
$97,863
Revenue
$117,918
Expenses
$79,258
Net income
$38,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.07$0.67$0.40$0.27$0.21$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.59$0.26$0.23$0.22$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.50$0.16$0.35$0.36$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.46$0.21$0.25$0.14$0.08$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.32$0.17$0.15$0.08$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.14$0.10$0.12$0.08$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.18$0.12$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.10$0.15$0.15$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.08$0.07$0.04$0.03