Civic Intelligence

Gracefull Foundation

990 • Fiscal year 2023 • EIN 47-5448224

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 06, 2024

5610 S Curtice StLittleton, CO 80120

(720) 308-2360

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

36th percentile

0.00x

Higher debt load relative to revenue than 36% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$49,125

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

91st percentile

74%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

90%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$418,565

Up $177,423 (+74%) from 2022

Net Assets

Up

$417,176

Up $180,641 (+76%) from 2022

Liabilities

Down

$1,389

Down $3,218 (-70%) from 2022

Revenue

Up

$742,931

Up $351,090 (+90%) from 2022

Expenses

Up

$562,290

Up $81,410 (+17%) from 2022

Net Income

Up

$180,641

Up $269,680 (+303%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $35,518Net Assets 2016: $35,5182016Assets 2017: $26,615Net Assets 2017: $26,6152017Assets 2018: $59,164Liabilities 2018: $0Net Assets 2018: $59,1642018Assets 2019: $168,772Liabilities 2019: $738Net Assets 2019: $168,0342019Assets 2020: $199,172Liabilities 2020: $1,343Net Assets 2020: $197,8292020Assets 2021: $327,625Liabilities 2021: $2,051Net Assets 2021: $325,5742021Assets 2022: $241,142Liabilities 2022: $4,607Net Assets 2022: $236,5352022Assets 2023: $418,565Liabilities 2023: $1,389Net Assets 2023: $417,1762023Assets 2024: $403,553Liabilities 2024: $317Net Assets 2024: $403,2362024

Highlighted filing

2023

Assets$418,565
Liabilities$1,389
Net Assets$417,176

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $50,920Expenses 2016: $15,402Net Income 2016: $35,5182016Revenue 2017: $82,711Expenses 2017: $91,614Net Income 2017: -$8,9032017Revenue 2018: $60,627Expenses 2018: $28,078Net Income 2018: $32,5492018Revenue 2019: $321,205Expenses 2019: $212,335Net Income 2019: $108,8702019Revenue 2020: $312,497Expenses 2020: $282,702Net Income 2020: $29,7952020Revenue 2021: $458,077Expenses 2021: $330,332Net Income 2021: $127,7452021Revenue 2022: $391,841Expenses 2022: $480,880Net Income 2022: -$89,0392022Revenue 2023: $742,931Expenses 2023: $562,290Net Income 2023: $180,6412023Revenue 2024: $742,228Expenses 2024: $756,168Net Income 2024: -$13,9402024

Highlighted filing

2023

Revenue$742,931
Expenses$562,290
Net Income$180,641
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.1
Gross Receipts
$748,527
Mission and Program Overview

Mission

To provide a home in the littleton community where people of all backgrounds can gather, eat well and be inspired to give back.

SEE SCH. O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$241,142$418,565▲ $177,423
Rtn Earn Endowment Incm Other Fnds$176,535$357,176▲ $180,641
Pd in Cap Srpls Land Bldg Eqp Fund$60,000$60,000→ $0
Total Assets$241,142$418,565▲ $177,423
Liabilities
Accounts Payable and Accrued Expenses$4,607$1,389▼ $3,218
Total Liabilities$4,607$1,389▼ $3,218
Net Assets / Fund Balance
Total Net Assets Fund Balance$236,535$417,176▲ $180,641
Total Liabilities and Net Assets / Fund Balance$241,142$418,565▲ $177,423
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Heather GreenwoodExecutive DirectortreasurerPT$49,125$49,125
Tami SlipherExecutive DirectorPT$18,317$18,317

Board Members and Trustees

NameTitle
Troy GreenwoodPresident
Craig SpencerDirector
Diane YossDirector
Melissa PettigrewDirector
Nancy RyanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$709,051
Program Service Revenue
$35,710
Investment Income
$3,439
Other Revenue
$-5,269
All Other Contributions
$564,749
Change in Net Assets
$180,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$383,949
Salaries, Compensation, and Employee Benefits$178,341
Total Fundraising Expense$25,184
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,443$51,850-$95,293
Current Officers, Directors, Trustees, and Key Employees$21,482$22,980$22,980$67,442
Occupancy-$49,707-$49,707
Other Expenses$47,534--$47,534
Payroll Taxes$6,226$7,176$2,204$15,606
All Other Expenses$8,233$6,984-$15,217
Fees for Services Accounting-$8,139-$8,139
Fees for Services Other$7,500--$7,500
Information Technology$4,459$1,068-$5,527
Insurance-$1,627-$1,627
Conferences and Meetings-$976-$976
Advertising$821--$821
Office Expenses-$482-$482
Total Functional Expenses$386,117$150,989$25,184$562,290
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,596
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gathereatg$143,002-$801-
Total Events$143,002-$5,596$-5,596
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Gracefull Cafe Inc35 Controlled EntityGrace in Action and Partner MealsNo$285,246
Gracefull Cafe Inc35 Controlled EntityCafe Resource SharingNo$49,707
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Heather greenwood, executive director/treasurer and troy greenwood, president have a family relationship and a business relationship through their co-ownership of gracefull cafe, inc.

Form 990 governing body review Part VI line 11

The tax preparer reviews the form in detail with the executive director who then approves the form prior to filing.

Conflict of interest policy compliance Part VI line 12C

Each board member is required to acknowledge receipt and understanding of the foundations conflict of interest policy annually. The policy requires that the board be notified of any potential conflicts of interest as they occur. In all situations involving a potential conflict of interest, the party reporting the potential conflict is excluded from any subsequent board discussions and decisions related to the matter.

CEO executive director top management comp Part VI line 15A

The compensation for heather greenwood and tami slipher as executive directors was determined based on market research performed and presented to the board by an independent member. The amount of compensation was voted on and approved by the independent members of the board only.

Governing documents etc available to public Part VI line 19

Financial statements and governing documents are not required disclosures pursuant to internal revenue code section (irc) section 6104 and are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Gracefull Foundation
EIN
47-5448224
Address
5610 S CURTICE ST, LITTLETON, CO 80120

Signing Officer

Name
Heather Greenwood
Title
Executive Direc
Phone
7203082360
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Troy Greenwood
Formed
2015
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
4
Employees
11
Volunteers
206

Preparer

Firm
Schroeder CPA Services LLC
Address
25587 CONIFER RD STE 105-317, CONIFER, CO 80433
Preparer
Andrew J Schroeder
Phone
7205044574
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Form 990, part iii, line 1 - primary exempt purpose to cultivate a healthier, more connected and stronger community by providing a home in littleton, colorado where people of all backgrounds can gather, eat well and be inspired to give back. Gracefull foundation provides guests the ability to eat a healthy meal paying what-they-can including nothing, the ability for all to donate to the foundation to pay for someone elses meal, and volunteer opportunities. Gracefulls priorities also include acknowledgment and work to address the challenges of loneliness, food insecurity, homelessness, substance abuse disorder, and mental health while collaborating through strategic partnerships for collective greater impact, to provide access to resources to community members, to educate and and encourage people to grow in empathy and perspective for others. Gracefull foundation represents and advocates for those on the margins within our community while providing an outlet to encourage people to share theirlived experiences. Since opening, we have served over 90,273 grace in action meals(free) to those in need and an additional 25,511 free meals through our monthly community breakfast program and partnerships with other local nonprofits.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HEATHER GREENWOOD, EXECUTIVE DIRECTOR/TREASURER AND TROY GREENWOOD, PRESIDENT HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP THROUGH THEIR CO-OWNERSHIP OF GRACEFULL CAFE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX PREPARER REVIEWS THE FORM IN DETAIL WITH THE EXECUTIVE DIRECTOR WHO THEN APPROVES THE FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS REQUIRED TO ACKNOWLEDGE RECEIPT AND UNDERSTANDING OF THE FOUNDATIONS CONFLICT OF INTEREST POLICY ANNUALLY. THE POLICY REQUIRES THAT THE BOARD BE NOTIFIED OF ANY POTENTIAL CONFLICTS OF INTEREST AS THEY OCCUR. IN ALL SITUATIONS INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE PARTY REPORTING THE POTENTIAL CONFLICT IS EXCLUDED FROM ANY SUBSEQUENT BOARD DISCUSSIONS AND DECISIONS RELATED TO THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION FOR HEATHER GREENWOOD AND TAMI SLIPHER AS EXECUTIVE DIRECTORS WAS DETERMINED BASED ON MARKET RESEARCH PERFORMED AND PRESENTED TO THE BOARD BY AN INDEPENDENT MEMBER. THE AMOUNT OF COMPENSATION WAS VOTED ON AND APPROVED BY THE INDEPENDENT MEMBERS OF THE BOARD ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE SECTION (IRC) SECTION 6104 AND ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART III, LINE 1 - PRIMARY EXEMPT PURPOSE TO CULTIVATE A HEALTHIER, MORE CONNECTED AND STRONGER COMMUNITY BY PROVIDING A HOME IN LITTLETON, COLORADO WHERE PEOPLE OF ALL BACKGROUNDS CAN GATHER, EAT WELL AND BE INSPIRED TO GIVE BACK. GRACEFULL FOUNDATION PROVIDES GUESTS THE ABILITY TO EAT A HEALTHY MEAL PAYING WHAT-THEY-CAN INCLUDING NOTHING, THE ABILITY FOR ALL TO DONATE TO THE FOUNDATION TO PAY FOR SOMEONE ELSES MEAL, AND VOLUNTEER OPPORTUNITIES. GRACEFULLS PRIORITIES ALSO INCLUDE ACKNOWLEDGMENT AND WORK TO ADDRESS THE CHALLENGES OF LONELINESS, FOOD INSECURITY, HOMELESSNESS, SUBSTANCE ABUSE DISORDER, AND MENTAL HEALTH WHILE COLLABORATING THROUGH STRATEGIC PARTNERSHIPS FOR COLLECTIVE GREATER IMPACT, TO PROVIDE ACCESS TO RESOURCES TO COMMUNITY MEMBERS, TO EDUCATE AND AND ENCOURAGE PEOPLE TO GROW IN EMPATHY AND PERSPECTIVE FOR OTHERS. GRACEFULL FOUNDATION REPRESENTS AND ADVOCATES FOR THOSE ON THE MARGINS WITHIN OUR COMMUNITY WHILE PROVIDING AN OUTLET TO ENCOURAGE PEOPLE TO SHARE THEIRLIVED EXPERIENCES. SINCE OPENING, WE HAVE SERVED OVER 90,273 GRACE IN ACTION MEALS(FREE) TO THOSE IN NEED AND AN ADDITIONAL 25,511 FREE MEALS THROUGH OUR MONTHLY COMMUNITY BREAKFAST PROGRAM AND PARTNERSHIPS WITH OTHER LOCAL NONPROFITS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
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