Civic Intelligence

Gracewood Inc.

990 • Fiscal year 2016 • EIN 31-1815830

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

Organization ProfileN/A
1301 N MaysRound Rock, TX 78664

(512) 255-3668

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

95th percentile

63%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

88th percentile

$180,345

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

96th percentile

113%

Faster asset growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

95th percentile

127%

Faster revenue growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$4,524,073

Up $2,397,074 (+113%) from 2015

Net Assets

Up

$4,448,743

Up $2,418,785 (+119%) from 2015

Liabilities

Down

$75,330

Down $21,711 (-22%) from 2015

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin95th percentile

Revenue

Up

$3,831,266

Up $2,141,572 (+127%) from 2015

Expenses

Up

$1,415,830

Up $197,068 (+16%) from 2015

Net Income

Up

$2,415,436

Up $1,944,504 (+413%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,426,378Liabilities 2010: $104,828Net Assets 2010: $1,321,5502010Assets 2011: $1,587,132Liabilities 2011: $63,584Net Assets 2011: $1,523,5482011Assets 2012: $1,778,081Liabilities 2012: $364,669Net Assets 2012: $1,413,4122012Assets 2013: $1,654,128Liabilities 2013: $114,745Net Assets 2013: $1,539,3832013Assets 2014: $1,666,540Liabilities 2014: $107,438Net Assets 2014: $1,559,1022014Assets 2015: $2,126,999Liabilities 2015: $97,041Net Assets 2015: $2,029,9582015Assets 2016: $4,524,073Liabilities 2016: $75,330Net Assets 2016: $4,448,7432016Assets 2017: $5,043,220Liabilities 2017: $370,412Net Assets 2017: $4,672,8082017Assets 2018: $6,684,797Liabilities 2018: $67,947Net Assets 2018: $6,616,8502018Assets 2019: $4,837,474Liabilities 2019: $583,179Net Assets 2019: $4,254,2952019Assets 2020: $4,800,170Liabilities 2020: $162,921Net Assets 2020: $4,637,2492020Assets 2021: $4,879,714Liabilities 2021: $155,793Net Assets 2021: $4,723,9212021Assets 2022: $5,925,057Liabilities 2022: $129,695Net Assets 2022: $5,795,3622022Assets 2023: $3,097,825Liabilities 2023: $145,854Net Assets 2023: $2,951,9712023Assets 2024: $3,055,985Liabilities 2024: $192,265Net Assets 2024: $2,863,7202024

Highlighted filing

2016

Assets$4,524,073
Liabilities$75,330
Net Assets$4,448,743
Open 2016 Filing

Operations Trend

Revenue Growth95th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,347,7872010Expenses 2011: $831,6362011Expenses 2012: $987,3042012Revenue 2013: $1,912,319Expenses 2013: $1,162,358Net Income 2013: $749,9612013Revenue 2014: $1,163,995Expenses 2014: $1,144,376Net Income 2014: $19,6192014Revenue 2015: $1,689,694Expenses 2015: $1,218,762Net Income 2015: $470,9322015Revenue 2016: $3,831,266Expenses 2016: $1,415,830Net Income 2016: $2,415,4362016Revenue 2017: $1,167,444Expenses 2017: $956,584Net Income 2017: $210,8602017Revenue 2018: $2,814,259Expenses 2018: $869,664Net Income 2018: $1,944,5952018Revenue 2019: $1,005,818Expenses 2019: $3,370,496Net Income 2019: -$2,364,6782019Revenue 2020: $1,509,119Expenses 2020: $1,129,148Net Income 2020: $379,9712020Revenue 2021: $1,338,315Expenses 2021: $1,252,494Net Income 2021: $85,8212021Revenue 2022: $2,356,840Expenses 2022: $1,285,082Net Income 2022: $1,071,7582022Revenue 2023: $2,855,496Expenses 2023: $5,698,887Net Income 2023: -$2,843,3912023Revenue 2024: $1,811,281Expenses 2024: $1,899,532Net Income 2024: -$88,2512024

Highlighted filing

2016

Revenue$3,831,266
Expenses$1,415,830
Net Income$2,415,436
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$3,864,908
Mission and Program Overview

Mission

Gracewood rescues children and their single mothers, ensuring a bright future by providing home, hope, and healing.

To rescue and restore single mothers and their children by providing home, hope and healing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$676,567$2,348,986▲ $1,672,419
Accounts Receivable$82,746$1,086,497▲ $1,003,751
Investments Other Securities$1,212,275$866,284▼ $345,991
Land, Buildings, and Equipment, Net$125,507$199,139▲ $73,632
Prepaid Expenses and Deferred Charges$26,104$19,367▼ $6,737
Cash and Non-Interest-Bearing Accounts$3,800$3,800→ $0
Total Assets$2,126,999$4,524,073▲ $2,397,074
Liabilities
Accounts Payable and Accrued Expenses$97,041$75,330▼ $21,711
Total Liabilities$97,041$75,330▼ $21,711
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,299,137$3,721,550▲ $2,422,413
Unrestricted Net Assets$730,821$727,193▼ $3,628
Total Net Assets Fund Balance$2,029,958$4,448,743▲ $2,418,785
Total Liabilities and Net Assets / Fund Balance$2,126,999$4,524,073▲ $2,397,074

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$166,923$140,213$307,136
Equipment$32,216$108,675$140,891
Other Securities$12,661--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Travis JonesExecutive DirectorFT$63,764$10,023$73,787

Board Members and Trustees

NameTitle
Larry BertrandChairman & Trustee
Don ForresterPresident
Becky GuajardoVice Chair & Trustee
Ann OwenSecretary & Trustee
Carrie HoyeTrustee
Cathy EdwardsTrustee
Dana MunozTrustee
David LeeTrustee
Frank KampeTrustee
Greg WhitakerTrustee
Jim MeyerhoffTrustee
Kathy KronzerTrustee
Lorraine HibbertTrustee
Steve AdellTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$3,795,522
Program Service Revenue
$0
Investment Income
$21,306
Other Revenue
$14,438
All Other Contributions
$2,676,368
Change in Net Assets
$2,415,436

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,831,266
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$189,402
Total Revenue per Audited Statements
$4,020,668
Total Revenue per Form 990
$3,831,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$889,193
Salaries, Compensation, and Employee Benefits$526,637
Total Fundraising Expense$80,014
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$363,497$5,245$43,279$412,021
All Other Expenses$99,889-$24,061$123,950
Other Employee Benefits$72,335$1,217$9,645$83,197
Fees for Services Other$54,874--$54,874
Other Expenses$53,393$347,337-$53,393
Occupancy$51,959--$51,959
Depreciation Depletion$34,904--$34,904
Payroll Taxes$28,023$367$3,029$31,419
Insurance$23,347--$23,347
Office Expenses$22,850--$22,850
Information Technology$10,816--$10,816
Conferences and Meetings$6,185--$6,185
Total Functional Expenses$981,650$354,166$80,014$1,415,830

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,601,883
Expenses per Audited Statements$1,415,830
Total Expenses per Form 990$1,415,830
Expenses Not Reported on Form 990$186,053
Expenses Not Reported on Financial Statements$0
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Prior to filing the Form 990, the Children at Heart Ministries audit subcommittee along with the appointees from each governing board reviews and approves the form. Following the approval, a copy of the Form 990 is provided to each member of the governing board through mail and/or electronic distribution. The 1023 and 990 are available upon request or on the Guidestar internet website.”

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

“The organization reviews annual conflict of interest forms and maintains regular communications with board members so the organization would be aware of any potential conflicts.”

Form 990, Part VI, Section B, line 15

“Compensation of officers, directors, and top management officials are reviewed by the Board. The following are the steps taken by the Board for compensation approval. The Board shall: - Review and approve the structure and philosophy of compensation of the Chief Executive Officer and other executive officers. - Determine the compensation of the Chief Executive Officer based on performance and such other factors deemed relevant by the Committee. The Chief Executive Officer will determine the compensation of the other executive officers within the approved structure and philosophy of the Committee. - Approve compensation in advance by disinterested Board Members using appropriate comparability. - Keep contemporaneous substantiation of the deliberation and decision. - Make reports to the Board about the Committee's duties under its Charter. - Review and assess the adequacy of this Charter and submit any changes to the Board of Directors for approval. -Review such other matters that the Board of Directors or the Committee shall deem appropriate.”

Form 990, Part VI, Section C, line 19

“Form 990's are available on the Guidestar website and also upon request. All other governing documents, policies, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Gracewood Inc
EIN
31-1815830
Phone
5122553668
Address
1301 N Mays, Round Rock, TX 78664

Signing Officer

Name
Donald Forrester
Title
President
Phone
5122553668
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Forrester
Formed
2001
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
9
Volunteers
713

Preparer

Firm
PMB Helin Donovan LLP
Address
12301 Research Blvd Bldg 5 Ste 160, Austin, TX 78759
Preparer
Norman Trubee
Phone
5122589670
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Gracewood is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Unrelated business income, of which the Gracewood had none for the years ended December 31, 2016 and 2015, would be subject to federal income taxes. Gracewood assesses uncertainties in income tax recognition in its financial statements and uses a threshold of more-likely-than-not for recognition and derecognition of tax provisions taken or expected to be taken. There is no provision or liability for federal income taxes in the accompanying financial statements. The Organization's management believes it is no longer subject to income tax examinations for years prior to 2013.”

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IRS990/Desc0Gracewood, Inc., rescues and restores vulnerable single-mother families in Houston, TX, through residential services including: transitional housing, counseling, case management, mentoring, educational support, parenting & life skills training, financial planning, financial and tangible assistance, and resource referrals. These services help to stabilize the mothers and their children and ensure long-term sustainability. The ministry also extends nonresidential services including aftercare support for residential clients, resource referrals, and tangible assistance. It delivers free counseling and parenting training to underserved children, individuals, and families in crisis in the local community.
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IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0125507
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0199139
IRS990/LandBldgEquipCostOrOtherBssAmt0448027
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt033642
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Gracewood rescues and restores single mothers and their children by offering home, hope and healing.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02029958
IRS990/NetAssetsOrFundBalancesEOYAmt04448743
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IRS990/NetUnrlzdGainsLossesInvstAmt03349
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt022850
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09645
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01217
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt072335
IRS990/OtherEmployeeBenefitsGrp/TotalAmt083197
IRS990/OtherExpensesGrp/Desc0Contributions expense
IRS990/OtherExpensesGrp/Desc1Foster care & assistanc
IRS990/OtherExpensesGrp/Desc2Repair & Maintenance
IRS990/OtherExpensesGrp/Desc3Utilities
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0347337
IRS990/OtherExpensesGrp/ProgramServicesAmt094715
IRS990/OtherExpensesGrp/ProgramServicesAmt164863
IRS990/OtherExpensesGrp/ProgramServicesAmt253393
IRS990/OtherExpensesGrp/TotalAmt0347337
IRS990/OtherExpensesGrp/TotalAmt194715
IRS990/OtherExpensesGrp/TotalAmt264863
IRS990/OtherExpensesGrp/TotalAmt353393
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014438
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014438
IRS990/OtherRevenueTotalAmt014438
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt043279
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05245
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0363497
IRS990/OtherSalariesAndWagesGrp/TotalAmt0412021
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03029
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0367
IRS990/PayrollTaxesGrp/ProgramServicesAmt028023
IRS990/PayrollTaxesGrp/TotalAmt031419
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0676567
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02348986
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026104
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019367
IRS990/PrincipalOfficerNm0DONALD FORRESTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01122100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt027820
IRS990/PYOtherExpensesAmt0599676
IRS990/PYOtherRevenueAmt0539774
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0470932
IRS990/PYSalariesCompEmpBnftPaidAmt0619086
IRS990/PYTotalExpensesAmt01218762
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01689694
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02415436
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01119154
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03795522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01122100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01140626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01897366
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01132695
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09088309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021306
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06638
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010959
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt075994
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt014438
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0539774
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt014199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08315
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt029536
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0606262
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93020
IRS990ScheduleA/PublicSupportPY170Pct00.91420
IRS990ScheduleA/PublicSupportTotal170Amt09088309
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03795522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01122100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01140626
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01897366
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01132695
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09088309
IRS990ScheduleA/TotalSupportAmt09770565
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0186053
IRS990ScheduleD/DonatedServicesUseFcltsAmt0186053
IRS990ScheduleD/EquipmentGrp/BookValueAmt032216
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108675
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0140891
IRS990ScheduleD/ExpensesNotReportedAmt0186053
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01415830
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03349
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0166923
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0140213
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0307136
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0851928
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11695
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt212661
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Money Market Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Other
IRS990ScheduleD/OtherSecuritiesGrp/Desc2Mutual Funds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0189402
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03831266
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Gracewood is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Unrelated business income, of which the Gracewood had none for the years ended December 31, 2016 and 2015, would be subject to federal income taxes. Gracewood assesses uncertainties in income tax recognition in its financial statements and uses a threshold of more-likely-than-not for recognition and derecognition of tax provisions taken or expected to be taken. There is no provision or liability for federal income taxes in the accompanying financial statements. The Organization's management believes it is no longer subject to income tax examinations for years prior to 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0866284
IRS990ScheduleD/TotalExpensesPerForm990Amt01415830
IRS990ScheduleD/TotalRevenuePerForm990Amt03831266
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04020668
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01601883
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0142951
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt037394

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,524,073
Liabilities
$75,330
Net assets
$4,448,743
Revenue
$3,831,266
Expenses
$1,415,830
Net income
$2,415,436
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.06$0.19$2.86$1.81$1.90$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.10$0.15$2.95$2.86$5.70$2.84
2022Detailed filing. Detailed filing data is available for this year.$5.93$0.13$5.80$2.36$1.29$1.07
2021Detailed filing. Detailed filing data is available for this year.$4.88$0.16$4.72$1.34$1.25$0.09
2020Detailed filing. Detailed filing data is available for this year.$4.80$0.16$4.64$1.51$1.13$0.38
2019Detailed filing. Detailed filing data is available for this year.$4.84$0.58$4.25$1.01$3.37$2.36
2018Detailed filing. Detailed filing data is available for this year.$6.68$0.07$6.62$2.81$0.87$1.94
2017Detailed filing. Detailed filing data is available for this year.$5.04$0.37$4.67$1.17$0.96$0.21
2016Detailed filing. Detailed filing data is available for this year.$4.52$0.08$4.45$3.83$1.42$2.42
2015Detailed filing. Detailed filing data is available for this year.$2.13$0.10$2.03$1.69$1.22$0.47
2014Detailed filing. Detailed filing data is available for this year.$1.67$0.11$1.56$1.16$1.14$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.65$0.11$1.54$1.91$1.16$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.36$1.41$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.06$1.52$0.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.10$1.32$1.35