Civic Intelligence

Grace Hospice Foundation Inc

990 • Fiscal year 2017 • EIN 46-5256530

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

655 Brawley School Rd Ste 200Mooresville, NC 28117

(704) 664-2876

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.0%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,443,906

Down $238,812 (-14%) from 2016

Net Assets

Down

$1,443,906

Down $238,812 (-14%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$1,828,964

Up $104,246 (+6.0%) from 2016

Expenses

Up

$2,067,776

Up $813,658 (+65%) from 2016

Net Income

Down

-$238,812

Down $709,412 (-151%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $522,291Liabilities 2014: $0Net Assets 2014: $522,2912014Assets 2015: $1,212,118Liabilities 2015: $0Net Assets 2015: $1,212,1182015Assets 2016: $1,682,718Liabilities 2016: $0Net Assets 2016: $1,682,7182016Assets 2017: $1,443,906Liabilities 2017: $0Net Assets 2017: $1,443,9062017Assets 2018: $1,217,812Liabilities 2018: $0Net Assets 2018: $1,217,8122018Assets 2019: $83,753Liabilities 2019: $350Net Assets 2019: $83,4032019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$1,443,906
Liabilities$0
Net Assets$1,443,906

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $704,316Expenses 2014: $182,005Net Income 2014: $522,3112014Revenue 2015: $1,366,108Expenses 2015: $676,281Net Income 2015: $689,8272015Revenue 2016: $1,724,718Expenses 2016: $1,254,118Net Income 2016: $470,6002016Revenue 2017: $1,828,964Expenses 2017: $2,067,776Net Income 2017: -$238,8122017Revenue 2018: $1,669,669Expenses 2018: $1,895,763Net Income 2018: -$226,0942018Revenue 2019: $2,511,202Expenses 2019: $3,645,611Net Income 2019: -$1,134,4092019Revenue 2020: $13,555Expenses 2020: $25,416Net Income 2020: -$11,8612020

Highlighted filing

2017

Revenue$1,828,964
Expenses$2,067,776
Net Income-$238,812
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$1,828,964
Mission and Program Overview

Mission

The mission of grace hospice foundation, inc. Is to give back to the community through grants that support individuals, organizations, activities and events that are important to honoring life and offering compassion to individuals and their families when facing a life limiting illness. The foundation also enables its affiliated organizations to provide support to employees and their families in time of financial need.

Give back through grants that are impor- tant to honoring life & offering compassion when facing life limiting illness. Enable affiliates to provide support during financial need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$832,407▲ $832,407
Cash and Non-Interest-Bearing Accounts$1,682,718$611,499▼ $1,071,219
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,682,718$1,443,906▼ $238,812
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,682,718$1,443,906▼ $238,812
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,682,718$1,443,906▼ $238,812
Total Liabilities and Net Assets / Fund Balance$1,682,718$1,443,906▼ $238,812
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry GrahamPresident
Alice Ann SchwartzVice President
Kirk ThevisAssistant Treasurer
Douglas AbellSecretary
Ron MarinoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,793,739
Program Service Revenue
$0
Investment Income
$35,225
Other Revenue
$0
All Other Contributions
$611,339
Change in Net Assets
$-238,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,048,903
Other Expenses$18,873
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,478,546--$1,478,546
Grants to Domestic Orgs$570,357--$570,357
Fees for Services Accounting$12,156$0$0$12,156
Fees for Services Other$3,431$0$0$3,431
Fees for Service Investment Mgmnt Fees$2,818$0$0$2,818
Office Expenses$468$0$0$468
Total Functional Expenses$2,067,776$0$0$2,067,776
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Riverside Military AcademyGainesville, GA501(c)(3)Annual Support$96,755
Tiger Athletic FoundationBaton Rouge, LA501(c)(3)-$81,000
Christ the King Catholic High SchoolHuntersville, NC501(c)(3)Annual Support$40,000
St Elizabeth FoundationBaton Rouge, LA501(c)(3)Annual Support$35,000
The Cove ChurchMooresville, NC501(c)(3)-$30,000
Children's Homes of Iredell County IncStatesville, NC501(c)(3)General Support$25,000
D3 Foundation IncHuntersville, NC501(c)(3)Event Sponsorship$25,000
Ace & TJs Grin Kids Children's CharityMooreville, NC501(c)(3)General support General Support Annual Support General Support General Support Event Sponsorship General Support General Support/Capital Camp. General Support General Support General Support General Support$20,000
Cool Kids Campaign Foundation IncTowson, MD501(c)(3)youth athletics$15,000
Hope at the Lake FoundationMooresville, NC501(c)(3)Service Dogs for Diabetic Patients$15,000
Junior Achievement of Greater Baton RougeBaton Rouge, LA501(c)(3)Event Sponsorship$15,000
Inspire Our ChildrenMooresville, NC501(c)(3)Annual Support$10,000
Karnival Krewe de LouisianeBaton Rouge, LA501(c)(3)HEMBY FAMILY KITCHEN RESTRICTED FUND AT HEMBY CHILDREN'S HOSPITAL$10,000
St Xavier High SchoolLouisville, KY501(c)(3)General Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 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
Filing and Contact Details

Filer

Filer Name
Grace Hospice Foundation
EIN
46-5256530
In Care Of
% Kirk Thevis
Phone
7046642876
Address
655 Brawley School Rd Ste 200, Mooresville, NC 28117

Signing Officer

Name
Kirk Thevis
Title
Assistant Treasurer
Phone
7046642876
Signed
2018-11-07

Organization Details

Principal Officer
Larry Graham
Formed
2014
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
8

Preparer

Firm
Ernst & Young US Llp
Address
100 N TRYON ST STE 3800, CHARLOTTE, NC 28202
Supplemental Narrative

Additional Explanations

Mission Statement

Form 990, part i, line 1 the mission of grace hospice foundation, inc. Is to give back to the community through grants that support individuals, organizations, activities and events that are important to honoring life and offering compassion to individuals and their families when facing a life limiting illness. The foundation also enables its affiliated organizations to provide support to employees and their families in times of financial need.

Documentation of Meetings of Committees

Form 990, part vi, line 8b there are no committees with authority to act on behalf of the governing body.

Process Used to Review the Form 990

Form 990, part vi, line 11b the three board members will be provided an electronic copy of a draft of the 990 for their review and comments prior to filing.

Desc. Process to Monitor Transactions for Conflicts of Interest

Form 990, part vi, line 12c the assistant treasurer monitors all foundation activity for potential conflicts of interest.

Process for Making Documents Available to the Public

Form 990, part vi, line 19 the organization's governing documents, conflict of interest policy, and financial statements are kept at the corporate office in mooresville, nc and are available upon request.

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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/Form990PartVIISectionAGrp/PersonNm0Larry Graham
IRS990/Form990PartVIISectionAGrp/PersonNm1Alice Ann Schwartz
IRS990/Form990PartVIISectionAGrp/PersonNm2Ron Marino
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0468
IRS990/OfficeExpensesGrp/TotalAmt0468
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Larry Graham
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01724718
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01235535
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt018583
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0470600
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01254118
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01724718
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-238812
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RelatedOrganizationsAmt01182400
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01793739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01724718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01366108
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0704316
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05588881
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt035225
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt035225
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02261114
IRS990ScheduleA/SubstantialContributorsTotAmt03327767
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01793739
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01724718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01366108
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0704316
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05588881
IRS990ScheduleA/TotalSupportAmt05624106
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0316750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1105453
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2581754
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt3232590
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt4242000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Non-medical assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Utilities & Rent Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Medical Care Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Funeral Care Assistance
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4Flood/Natural Disaster Assist.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0369
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1156
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt2355
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt3417
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt449
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/CashGrantAmt340000
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/CashGrantAmt525000
IRS990ScheduleI/RecipientTable/CashGrantAmt615000
IRS990ScheduleI/RecipientTable/CashGrantAmt715000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt996755
IRS990ScheduleI/RecipientTable/CashGrantAmt1035000

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