Civic Intelligence

The Grace Foundation

EIN 36-4793159 • 501(c)3 • The Woodlands, TX

Profile

The mission of the grace foundation is to financially support the ministry of grace school of theology in order to realize its vision- to develop spiritual leaders in every nation who can teach others about the love of christ, a love that cannot be earned and cannot be lost.

3705 College Park Drive 140The Woodlands, TX 77384-4894

n/A

Siviq Scores

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

Liabilities / Assets

71st percentile

0.26x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

0.67x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

12th percentile

-27%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-3.4%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$2,923,609

Down $500,585 (-15%) from 2023

Liabilities

Down

$767,762

Down $443,199 (-37%) from 2023

Net Assets

Down

$2,155,847

Down $57,386 (-2.6%) from 2023

Operations
Liabilities / Revenue84th percentileNet Margin12th percentile

Revenue

Down

$1,568,550

Down $53,059 (-3.3%) from 2023

Expenses

Down

$1,920,299

Down $144,309 (-7.0%) from 2023

Net Income

Up

-$351,749

Up $91,250 (+21%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $2,635,868Liabilities 2015: $0Net Assets 2015: $2,635,8682015Assets 2016: $2,791,657Liabilities 2016: $0Net Assets 2016: $2,791,6572016Assets 2017: $3,600,577Liabilities 2017: $0Net Assets 2017: $3,600,5772017Assets 2019: $2,318,441Liabilities 2019: $0Net Assets 2019: $2,318,4412019Assets 2020: $2,411,460Liabilities 2020: $924,100Net Assets 2020: $1,487,3602020Assets 2021: $3,737,998Liabilities 2021: $352,400Net Assets 2021: $3,385,5982021Assets 2022: $3,611,326Liabilities 2022: $955,094Net Assets 2022: $2,656,2322022Assets 2023: $3,424,194Liabilities 2023: $1,210,961Net Assets 2023: $2,213,2332023Assets 2024: $2,923,609Liabilities 2024: $767,762Net Assets 2024: $2,155,8472024

Highlighted filing

2024

Assets$2,923,609
Liabilities$767,762
Net Assets$2,155,847
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $3,159,692Expenses 2015: $506,028Net Income 2015: $2,653,6642015Revenue 2016: $2,773,278Expenses 2016: $2,517,490Net Income 2016: $255,7882016Revenue 2017: $2,667,747Expenses 2017: $2,075,534Net Income 2017: $592,2132017Revenue 2019: $2,227,549Expenses 2019: $3,345,348Net Income 2019: -$1,117,7992019Revenue 2020: $2,237,992Expenses 2020: $2,805,330Net Income 2020: -$567,3382020Revenue 2021: $2,485,133Expenses 2021: $586,895Net Income 2021: $1,898,2382021Revenue 2022: $1,419,837Expenses 2022: $1,806,732Net Income 2022: -$386,8952022Revenue 2023: $1,621,609Expenses 2023: $2,064,608Net Income 2023: -$442,9992023Revenue 2024: $1,568,550Expenses 2024: $1,920,299Net Income 2024: -$351,7492024

Highlighted filing

2024

Revenue$1,568,550
Expenses$1,920,299
Net Income-$351,749
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,923,609
Liabilities
$767,762
Net assets
$2,155,847
Revenue
$1,568,550
Expenses
$1,920,299
Net income
-$351,749
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.92$0.77$2.16$1.57$1.92$0.35
2023Detailed filing. Detailed filing data is available for this year.$3.42$1.21$2.21$1.62$2.06$0.44
2022Detailed filing. Detailed filing data is available for this year.$3.61$0.96$2.66$1.42$1.81$0.39
2021Detailed filing. Detailed filing data is available for this year.$3.74$0.35$3.39$2.49$0.59$1.90
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.92$1.49$2.24$2.81$0.57
2019Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$2.23$3.35$1.12
2017Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$2.67$2.08$0.59
2016Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$2.77$2.52$0.26
2015Detailed filing. Detailed filing data is available for this year.$2.64$0.00$2.64$3.16$0.51$2.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$1,568,550
Mission and Program Overview

Mission

The mission of The Grace Foundation is to financially support the ministry of Grace School of Theology in order to realize its vision- To develop spiritual leaders in every nation who can teach others about the love of Christ, a love that cannot be earned and cannot be lost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,976,173$2,896,712▼ $79,461
Savings and Temporary Cash Investments$365,287$26,490▼ $338,797
Cash and Non-Interest-Bearing Accounts$82,734$407▼ $82,327
Total Assets$3,424,194$2,923,609▼ $500,585
Liabilities
Grants Payable$550,000$450,000▼ $100,000
Accounts Payable and Accrued Expenses$660,961$317,762▼ $343,199
Total Liabilities$1,210,961$767,762▼ $443,199
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,125,701$2,125,701→ $0
Net Assets Without Donor Restrictions$87,532$30,146▼ $57,386
Total Net Assets Fund Balance$2,213,233$2,155,847▼ $57,386
Total Liabilities and Net Assets / Fund Balance$3,424,194$2,923,609▼ $500,585
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
John RomainPresident
David AndersonTrustee
John AllisonTrustee
Mark AlbersTrustee
Scott McewenTrustee
Tom GardnerTrustee
Robert KingCOO as of 20
Revenue and Support

Revenue Composition

Contributions and Grants
$1,484,552
Program Service Revenue
$0
Investment Income
$83,998
Other Revenue
$0
All Other Contributions
$1,484,552
Change in Net Assets
$-351,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,899,000
Other Expenses$21,299
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,899,000--$1,899,000
Fees for Service Investment Mgmnt Fees$14,499--$14,499
Fees for Services Accounting-$6,800-$6,800
Total Functional Expenses$1,913,499$6,800$0$1,920,299
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grace School of TheologyThe Woodlands, TX501(c)Educational Purposes$1,899,000
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
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, Page 6, Part VI, Line 11B

“The form 990 is prepared by an outside cpa firm. Before filing the form 990 is reviewed by secretary/treasurer and president.”

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

“Annual disclosure of conflict of interest is completed by each board member and officer. The organization's policy is a duty to disclose agreement to the board of directors before any transaction is proposed. All directors and officers must review their outside business or professional interests. Interests are reviewed by the board of directors to determine if such conflicts exist. If any financial interest regarding compensation is found from member, that member is precluded from voting on matters pertaining to that member's compensation.”

Form 990, Page 6, Part VI, Line 19

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
The Grace Foundation
EIN
36-4793159
Phone
8774768674
Address
3705 COLLEGE PARK DRIVE 140, THE WOODLANDS, TX 77384-4894

Signing Officer

Name
Robert King
Title
COO as of 2025
Phone
8774768674
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Romain
Formed
2014
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
David C Moja CPA
Address
PO BOX 531, REIDSVILLE, GA 30453
Preparer
Dave Moja
Phone
3212589907
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the grace foundation is to financially support the ministry of grace school of theology in order to realize its vision- to develop spiritual leaders in every nation who can teach others about the love of christ, a love that cannot be earned and cannot be lost.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“To support grace school of theology's higher education program services.”

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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL PURPOSES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRACE SCHOOL OF THEOLOGY
IRS990ScheduleI/RecipientTable/RecipientEIN0760690874
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03705 COLLEGE PARK DR STE 140
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE GRACE FOUNDATION IS TO FINANCIALLY SUPPORT THE MINISTRY OF GRACE SCHOOL OF THEOLOGY IN ORDER TO REALIZE ITS VISION- TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM. BEFORE FILING THE FORM 990 IS REVIEWED BY SECRETARY/TREASURER AND PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL DISCLOSURE OF CONFLICT OF INTEREST IS COMPLETED BY EACH BOARD MEMBER AND OFFICER. THE ORGANIZATION'S POLICY IS A DUTY TO DISCLOSE AGREEMENT TO THE BOARD OF DIRECTORS BEFORE ANY TRANSACTION IS PROPOSED. ALL DIRECTORS AND OFFICERS MUST REVIEW THEIR OUTSIDE BUSINESS OR PROFESSIONAL INTERESTS. INTERESTS ARE REVIEWED BY THE BOARD OF DIRECTORS TO DETERMINE IF SUCH CONFLICTS EXIST. IF ANY FINANCIAL INTEREST REGARDING COMPENSATION IS FOUND FROM MEMBER, THAT MEMBER IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UponRequestInd0X
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT KING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO AS OF 2025
ReturnHeader/BusinessOfficerGrp/PhoneNum08774768674
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE GRACE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
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ReturnHeader/Filer/PhoneNum08774768674
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0845108762
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID C MOJA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 531
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0REIDSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030453
ReturnHeader/PreparerPersonGrp/PhoneNum03212589907
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVE MOJA
ReturnHeader/ReturnTs02025-04-09T08:39:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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