Civic Intelligence

Gracewood Inc.

990 • Fiscal year 2018 • EIN 31-1815830

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 25, 2019

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

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.02x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$222,295

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

89th percentile

33%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

141%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$6,684,797

Up $1,641,577 (+33%) from 2017

Net Assets

Up

$6,616,850

Up $1,944,042 (+42%) from 2017

Liabilities

Down

$67,947

Down $302,465 (-82%) from 2017

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin95th percentile

Revenue

Up

$2,814,259

Up $1,646,815 (+141%) from 2017

Expenses

Down

$869,664

Down $86,920 (-9.1%) from 2017

Net Income

Up

$1,944,595

Up $1,733,735 (+822%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth89th 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

2018

Assets$6,684,797
Liabilities$67,947
Net Assets$6,616,850
Open 2018 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

2018

Revenue$2,814,259
Expenses$869,664
Net Income$1,944,595
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 25, 2019
Return Version
2018v3.1
Gross Receipts
$2,814,259
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
Investments Other Securities$1,740,411$3,046,064▲ $1,305,653
Land, Buildings, and Equipment, Net$1,141,791$1,927,918▲ $786,127
Pledges and Grants Receivable$2,131,930$1,031,893▼ $1,100,037
Prepaid Expenses and Deferred Charges$14,013$15,139▲ $1,126
Accounts Receivable$11,275$7,122▼ $4,153
Cash and Non-Interest-Bearing Accounts$3,800$3,800→ $0
Total Assets$5,043,220$6,684,797▲ $1,641,577
Other Assets Total$0$652,861▲ $652,861
Liabilities
Other Liabilities$322,502$0▼ $322,502
Accounts Payable and Accrued Expenses$47,910$67,947▲ $20,037
Total Liabilities$370,412$67,947▼ $302,465
Net Assets / Fund Balance
Temporarily Rstr Net Assets$4,020,329$5,854,907▲ $1,834,578
Unrestricted Net Assets$652,479$761,943▲ $109,464
Total Net Assets Fund Balance$4,672,808$6,616,850▲ $1,944,042
Total Liabilities and Net Assets / Fund Balance$5,043,220$6,684,797▲ $1,641,577

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,915,492$164,523$2,080,015
Equipment$12,426$118,475$130,901
Other Assets Org$652,861--
Other Securities$26,115--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer Rice CottonPresidentFT$95,679$14,704$110,383

Board Members and Trustees

NameTitle
Larry BertrandChairman & Trustee
Todd RobersonVice Chair & Trustee
Ann OwenSecretary & Trustee
Becky GuajardoTrustee
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
$2,754,389
Program Service Revenue
$0
Investment Income
$54,837
Other Revenue
$5,033
All Other Contributions
$1,239,061
Change in Net Assets
$1,944,595

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,814,260
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$189,766
Total Revenue per Audited Statements
$3,004,026
Total Revenue per Form 990
$2,814,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$538,644
Other Expenses$331,020
Total Fundraising Expense$58,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$286,146$4,792$29,790$320,728
Current Officers, Directors, Trustees, and Key Employees$85,363$1,429$8,887$95,679
Other Employee Benefits$81,464$1,653$9,765$92,882
Fees for Services Other$40,662--$40,662
Payroll Taxes$26,213$435$2,707$29,355
Occupancy$21,109--$21,109
All Other Expenses$13,866-$7,048$20,914
Office Expenses$19,233--$19,233
Insurance$17,687--$17,687
Depreciation Depletion$16,742--$16,742
Information Technology$16,144--$16,144
Other Expenses$13,851--$13,851
Conferences and Meetings$5,977--$5,977
Total Functional Expenses$803,158$8,309$58,197$869,664

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,059,984
Expenses per Audited Statements$869,664
Total Expenses per Form 990$869,664
Expenses Not Reported on Form 990$190,320
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Jenny Rice Cotton
Title
President
Phone
5122553668
Signed
2019-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Rice Cotton
Formed
2001
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
9
Volunteers
1,015

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 gracewood had none for the years ended december 31, 2018 and 2017, would be subject to federal income taxes. Gracewood assess uncertainties in income tax recognition in its combined 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 uncertainties related to federal income taxes in the accompanying combined financial statements. Management of gracewood believes they are no longer subject to income tax examinations for years prior to 2015.”

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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/PersonNm0LARRY BERTRAND
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IRS990/Form990PartVIISectionAGrp/PersonNm13LORRAINE HIBBERT
IRS990/Form990PartVIISectionAGrp/PersonNm14MARY STONE
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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/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02814259
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt016144
IRS990/InformationTechnologyGrp/TotalAmt016144
IRS990/InsuranceGrp/ProgramServicesAmt017687
IRS990/InsuranceGrp/TotalAmt017687
IRS990/InvestmentIncomeGrp/ExclusionAmt054837
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054837
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01740411
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03046064
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0282998
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01141791
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01927918
IRS990/LandBldgEquipCostOrOtherBssAmt02210916
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/NetAssetsOrFundBalancesBOYAmt04672808
IRS990/NetAssetsOrFundBalancesEOYAmt06616850
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-553
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt021109
IRS990/OccupancyGrp/TotalAmt021109
IRS990/OfficeExpensesGrp/ProgramServicesAmt019233
IRS990/OfficeExpensesGrp/TotalAmt019233
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0652861
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09765
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01653
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt081464
IRS990/OtherEmployeeBenefitsGrp/TotalAmt092882
IRS990/OtherExpensesGrp/Desc0FOSTER CARE & ASSISTANC
IRS990/OtherExpensesGrp/Desc1REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt060660
IRS990/OtherExpensesGrp/ProgramServicesAmt153649
IRS990/OtherExpensesGrp/ProgramServicesAmt244392
IRS990/OtherExpensesGrp/ProgramServicesAmt313851
IRS990/OtherExpensesGrp/TotalAmt060660
IRS990/OtherExpensesGrp/TotalAmt153649
IRS990/OtherExpensesGrp/TotalAmt244392
IRS990/OtherExpensesGrp/TotalAmt313851
IRS990/OtherLiabilitiesGrp/BOYAmt0322502
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05033
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05033
IRS990/OtherRevenueTotalAmt05033
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029790
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04792
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0286146
IRS990/OtherSalariesAndWagesGrp/TotalAmt0320728
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02707
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0435
IRS990/PayrollTaxesGrp/ProgramServicesAmt026213
IRS990/PayrollTaxesGrp/TotalAmt029355
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02131930
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01031893
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014013
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015139
IRS990/PrincipalOfficerNm0JENNY RICE COTTON
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01126243
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024580
IRS990/PYOtherExpensesAmt0333304
IRS990/PYOtherRevenueAmt016621
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0210860
IRS990/PYSalariesCompEmpBnftPaidAmt0520780
IRS990/PYTotalExpensesAmt0956584
IRS990/PYTotalProfFndrsngExpnsAmt0102500
IRS990/PYTotalRevenueAmt01167444
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01944595
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01515328
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02754389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01126243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03795522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01122100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01140626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09938880
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt054837
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042446
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021306
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09271
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0155680
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05033
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09728
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt014438
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0539774
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt014199
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0583172
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93080
IRS990ScheduleA/PublicSupportPY170Pct00.92900
IRS990ScheduleA/PublicSupportTotal170Amt09938880
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02754389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01126243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03795522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01122100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01140626
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09938880
IRS990ScheduleA/TotalSupportAmt010677732
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0190320
IRS990ScheduleD/DonatedServicesUseFcltsAmt0190320
IRS990ScheduleD/EquipmentGrp/BookValueAmt012426
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118475
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0130901
IRS990ScheduleD/ExpensesNotReportedAmt0190320
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0869664
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-554
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0652861
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE TO AFFILIATE ORGANIZATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01915492
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0164523
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02080015
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03018254
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11695
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt226115
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt0189766
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02814260
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GRACEWOOD IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME, OF WHICH GRACEWOOD HAD NONE FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, WOULD BE SUBJECT TO FEDERAL INCOME TAXES. GRACEWOOD ASSESS UNCERTAINTIES IN INCOME TAX RECOGNITION IN ITS COMBINED 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 UNCERTAINTIES RELATED TO FEDERAL INCOME TAXES IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. MANAGEMENT OF GRACEWOOD BELIEVES THEY ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01927918
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0652861
IRS990ScheduleD/TotalBookValueSecuritiesAmt03046064
IRS990ScheduleD/TotalExpensesPerForm990Amt0869664
IRS990ScheduleD/TotalRevenuePerForm990Amt02814260
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03004026
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01059984
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0232000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0212000
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0HARRIET C LATIMER & ASSOCIATES
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt020000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt03000 WESLAYAN ST STE 135
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0HOUSTON
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TX

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,684,797
Liabilities
$67,947
Net assets
$6,616,850
Revenue
$2,814,259
Expenses
$869,664
Net income
$1,944,595
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