Civic Intelligence

Gracewood Inc.

990 • Fiscal year 2017 • EIN 31-1815830

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 06, 2018

Organization ProfileWWW.GRACEWOOD.ORG
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

37th percentile

0.07x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.32x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

79th percentile

$212,862

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-70%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$5,043,220

Up $519,147 (+11%) from 2016

Net Assets

Up

$4,672,808

Up $224,065 (+5.0%) from 2016

Liabilities

Up

$370,412

Up $295,082 (+392%) from 2016

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin76th percentile

Revenue

Down

$1,167,444

Down $2,663,822 (-70%) from 2016

Expenses

Down

$956,584

Down $459,246 (-32%) from 2016

Net Income

Down

$210,860

Down $2,204,576 (-91%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2017

Assets$5,043,220
Liabilities$370,412
Net Assets$4,672,808
Open 2017 Filing

Operations Trend

Revenue Growth2nd 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

2017

Revenue$1,167,444
Expenses$956,584
Net Income$210,860
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 6, 2018
Return Version
2017v2.3
Gross Receipts
$1,178,417
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,348,986$2,131,930▼ $217,056
Investments Other Securities$866,284$1,740,411▲ $874,127
Land, Buildings, and Equipment, Net$199,139$1,141,791▲ $942,652
Prepaid Expenses and Deferred Charges$19,367$14,013▼ $5,354
Accounts Receivable$1,086,497$11,275▼ $1,075,222
Cash and Non-Interest-Bearing Accounts$3,800$3,800→ $0
Total Assets$4,524,073$5,043,220▲ $519,147
Liabilities
Other Liabilities$0$322,502▲ $322,502
Accounts Payable and Accrued Expenses$75,330$47,910▼ $27,420
Total Liabilities$75,330$370,412▲ $295,082
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,721,550$4,020,329▲ $298,779
Unrestricted Net Assets$727,193$652,479▼ $74,714
Total Net Assets Fund Balance$4,448,743$4,672,808▲ $224,065
Total Liabilities and Net Assets / Fund Balance$4,524,073$5,043,220▲ $519,147

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,122,356$154,789$1,277,145
Equipment$19,435$111,466$130,901
Other Securities$26,304--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer Rice CottonPresidentFT$82,629$17,645$100,274

Board Members and Trustees

NameTitle
Larry BertrandChairman & Trustee
Todd RobersonInterim President
Don ForresterPast President
Becky GuajardoVice Chair & Trustee
Ann OwenSecretary & Trustee
Cathy EdwardsTrustee
Dana MunozTrustee
David LeeTrustee
Frank KampeTrustee
Greg WhitakerTrustee
Jim MeyerhoffTrustee
Kathy KronzerTrustee
Lorraine HibbertTrustee
Mary Ann BalockTrustee
Mary StoneTrustee
Steve AdellTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,126,243
Program Service Revenue
$0
Investment Income
$24,580
Other Revenue
$16,621
All Other Contributions
$535,620
Change in Net Assets
$210,860

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,167,444
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$206,603
Total Revenue per Audited Statements
$1,374,047
Total Revenue per Form 990
$1,167,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$520,780
Other Expenses$333,304
Total Fundraising Expense$132,782
Professional Fundraising Fees$102,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$308,991$4,831$16,195$330,017
Fees for Services Professional Fundraising--$102,500$102,500
Current Officers, Directors, Trustees, and Key Employees$77,365$1,209$4,055$82,629
Other Employee Benefits$68,673$1,883$6,846$77,402
Payroll Taxes$28,892$422$1,418$30,732
Depreciation Depletion$27,357--$27,357
Other Expenses$27,188--$27,188
Office Expenses$24,686--$24,686
All Other Expenses$21,725-$1,768$23,493
Occupancy$23,452--$23,452
Insurance$20,402--$20,402
Fees for Services Other$12,343--$12,343
Conferences and Meetings$8,206--$8,206
Information Technology$7,393--$7,393
Total Functional Expenses$815,457$8,345$132,782$956,584

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,149,982
Expenses per Audited Statements$956,584
Total Expenses per Form 990$956,584
Expenses Not Reported on Form 990$193,398
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$102,500
Fundraising Gross Income$17,866
Fundraising Direct Expenses$10,973

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gathering$79,666$17,866$863$17,003
Total Events$79,666$17,866$10,973$6,893
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliated Organizations$322,502
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
Jenny Rice Cotton
Title
President
Phone
5122553668
Signed
2018-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Rice Cotton
Formed
2001
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
9
Volunteers
1,139

Preparer

Firm
Pmb Helin Donovan Llp
Address
12301 RESEARCH BLVD BLDG 5 160, 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, 2017 and 2016, 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 2014.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reclass for fundraising expenses 10,973.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclass for fundraising expenses 10,973.”

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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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IRS990/Desc0GRACEWOOD IS A TRANSITIONAL HOUSING MINISTRY THAT DELIVERS TRAUMA-INFORMED SERVICES TO VULNERABLE HOUSTON CHILDREN AND THEIR SINGLE MOTHERS INCLUDING HOUSING, CASE MANAGEMENT, MENTORING, EDUCATIONAL SUPPORT, LIFE SKILLS & PARENTING TRAINING, FINANCIAL PLANNING, AND FINANCIAL ASSISTANCE WITH CHILDCARE AND TANGIBLE NEEDS. THE HOUSING AND SUPPORTIVE SERVICES STABILIZE FAMILIES SO MOTHERS CAN COMPLETE GOALS THAT INCREASE THE FAMILY'S RESILIENCY AND LONG-TERM SUSTAINABILITY. THE MINISTRY ALSO DELIVERS NO-COST TRAUMA-INFORMED COUNSELING AND PARENTING TRAINING TO ADDRESS TRAUMA-BASED BEHAVIORS IN ORDER TO INCREASE THE FAMILY'S PHYSICAL AND EMOTIONAL WELL-BEING; TO IMPROVE THEIR ABILITY TO DEVELOP AND MAINTAIN HEALTHY RELATIONSHIPS; AND TO BREAK THE CYCLE OF FAMILY INSTABILITY.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15171682
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16153862
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN & TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR & TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY & TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15INTERIM PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16PAST PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt061800
IRS990/FundraisingDirectExpensesAmt010973
IRS990/FundraisingGrossIncomeAmt017866
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01178417
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt07393
IRS990/InformationTechnologyGrp/TotalAmt07393
IRS990/InsuranceGrp/ProgramServicesAmt020402
IRS990/InsuranceGrp/TotalAmt020402
IRS990/InvestmentIncomeGrp/ExclusionAmt024580
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024580
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0866284
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01740411
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0266255
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0199139
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01141791
IRS990/LandBldgEquipCostOrOtherBssAmt01408046
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GRACEWOOD RESCUES CHILDREN AND THEIR SINGLE MOTHERS, ENSURING A BRIGHT FUTURE BY PROVIDING HOME, HOPE, AND HEALING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04448743
IRS990/NetAssetsOrFundBalancesEOYAmt04672808
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt06893
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06893
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt013205
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt023452
IRS990/OccupancyGrp/TotalAmt023452
IRS990/OfficeExpensesGrp/ProgramServicesAmt024686
IRS990/OfficeExpensesGrp/TotalAmt024686
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06846
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01883
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt068673
IRS990/OtherEmployeeBenefitsGrp/TotalAmt077402
IRS990/OtherExpensesGrp/Desc0FOSTER CARE & ASSISTANC
IRS990/OtherExpensesGrp/Desc1REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt066036
IRS990/OtherExpensesGrp/ProgramServicesAmt147513
IRS990/OtherExpensesGrp/ProgramServicesAmt245235
IRS990/OtherExpensesGrp/ProgramServicesAmt327188
IRS990/OtherExpensesGrp/TotalAmt066036
IRS990/OtherExpensesGrp/TotalAmt147513
IRS990/OtherExpensesGrp/TotalAmt245235
IRS990/OtherExpensesGrp/TotalAmt327188
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0322502
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09728
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09728
IRS990/OtherRevenueTotalAmt09728
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016195
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04831
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0308991
IRS990/OtherSalariesAndWagesGrp/TotalAmt0330017
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01418
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0422
IRS990/PayrollTaxesGrp/ProgramServicesAmt028892
IRS990/PayrollTaxesGrp/TotalAmt030732
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02348986
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02131930
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019367
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014013
IRS990/PrincipalOfficerNm0JENNY RICE COTTON
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03795522
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021306
IRS990/PYOtherExpensesAmt0889193
IRS990/PYOtherRevenueAmt014438
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02415436
IRS990/PYSalariesCompEmpBnftPaidAmt0526637
IRS990/PYTotalExpensesAmt01415830
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03831266
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0210860
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0528823
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01126243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03795522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01122100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01140626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01897366
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09081857
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt042446
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt021306
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt027820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09271
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06638
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0107481
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09728
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014438
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0539774
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt014199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08315
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0586454
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92900
IRS990ScheduleA/PublicSupportPY170Pct00.93020
IRS990ScheduleA/PublicSupportTotal170Amt09081857
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01126243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03795522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01122100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01140626
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01897366
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09081857
IRS990ScheduleA/TotalSupportAmt09775792
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0182425
IRS990ScheduleD/DonatedServicesUseFcltsAmt0182425
IRS990ScheduleD/EquipmentGrp/BookValueAmt019435
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111466
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130901
IRS990ScheduleD/ExpensesNotReportedAmt0193398
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0956584
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt013205
IRS990ScheduleD/OtherExpensesIncludedAmt010973
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01122356
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0154789
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01277145
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0322502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED ORGANIZATIONS
IRS990ScheduleD/OtherRevenueAmt010973
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01712412
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11695
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt226304
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0206603
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01167444
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, 2017 AND 2016, 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 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECLASS FOR FUNDRAISING EXPENSES 10,973.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASS FOR FUNDRAISING EXPENSES 10,973.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,043,220
Liabilities
$370,412
Net assets
$4,672,808
Revenue
$1,167,444
Expenses
$956,584
Net income
$210,860
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