Civic Intelligence

Ray and Charyl Schroeder Grace Foundation

990 • Fiscal year 2018 • EIN 57-1026207

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

1881 Sharon RoadWoodruff, SC 29388

(864) 420-3087

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.15x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

1st percentile

-899%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.6%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,812,541

Down $134,546 (-4.6%) from 2017

Net Assets

Down

$2,796,104

Down $128,658 (-4.4%) from 2017

Liabilities

Down

$16,437

Down $5,888 (-26%) from 2017

Revenue

Down

$14,311

Down $35,005 (-71%) from 2017

Expenses

Down

$142,969

Down $4,667 (-3.2%) from 2017

Net Income

Down

-$128,658

Down $30,338 (-31%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,044,755Liabilities 2010: $147,794Net Assets 2010: $1,896,9612010Assets 2011: $2,130,594Liabilities 2011: $230,120Net Assets 2011: $1,900,4742011Assets 2012: $2,701,955Liabilities 2012: $249,867Net Assets 2012: $2,452,0882012Assets 2013: $2,720,533Liabilities 2013: $234,399Net Assets 2013: $2,486,1342013Assets 2014: $2,678,656Liabilities 2014: $115,418Net Assets 2014: $2,563,2382014Assets 2015: $3,193,840Liabilities 2015: $226,908Net Assets 2015: $2,966,9322015Assets 2016: $3,085,157Liabilities 2016: $73,438Net Assets 2016: $3,011,7192016Assets 2017: $2,947,087Liabilities 2017: $22,325Net Assets 2017: $2,924,7622017Assets 2018: $2,812,541Liabilities 2018: $16,437Net Assets 2018: $2,796,1042018Assets 2019: $2,915,450Liabilities 2019: $0Net Assets 2019: $2,915,4502019Assets 2020: $3,058,053Liabilities 2020: $975Net Assets 2020: $3,057,0782020Assets 2021: $3,288,368Liabilities 2021: $21,998Net Assets 2021: $3,266,3702021Assets 2022: $2,699,884Liabilities 2022: $55Net Assets 2022: $2,699,8292022Assets 2023: $2,736,842Liabilities 2023: $2,467Net Assets 2023: $2,734,3752023Assets 2024: $2,938,625Liabilities 2024: $33Net Assets 2024: $2,938,5922024

Highlighted filing

2018

Assets$2,812,541
Liabilities$16,437
Net Assets$2,796,104

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $7,242,4392010Expenses 2011: $6,875,7182011Expenses 2012: $6,007,4202012Revenue 2013: $5,288,649Expenses 2013: $5,254,603Net Income 2013: $34,0462013Revenue 2014: $4,435,496Expenses 2014: $4,358,392Net Income 2014: $77,1042014Revenue 2015: $4,797,538Expenses 2015: $4,393,844Net Income 2015: $403,6942015Revenue 2016: $1,643,178Expenses 2016: $1,598,391Net Income 2016: $44,7872016Revenue 2017: $49,316Expenses 2017: $147,636Net Income 2017: -$98,3202017Revenue 2018: $14,311Expenses 2018: $142,969Net Income 2018: -$128,6582018Revenue 2019: $74,769Expenses 2019: $56,347Net Income 2019: $18,4222019Revenue 2020: $40,170Expenses 2020: $75,298Net Income 2020: -$35,1282020Revenue 2021: $101,082Expenses 2021: $179,151Net Income 2021: -$78,0692021Revenue 2022: -$12,972Expenses 2022: $55,180Net Income 2022: -$68,1522022Revenue 2023: $245,772Expenses 2023: $171,057Net Income 2023: $74,7152023Revenue 2024: $247,963Expenses 2024: $214,003Net Income 2024: $33,9602024

Highlighted filing

2018

Revenue$14,311
Expenses$142,969
Net Income-$128,658
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$14,311
Mission and Program Overview

Mission

We exist to support anything or anyone enriching the quality of life, primarily at the end of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,207,657$2,812,541▲ $604,884
Savings and Temporary Cash Investments$728,328--
Accounts Receivable$11,102--
Total Assets$2,947,087$2,812,541▼ $134,546
Liabilities
Accounts Payable and Accrued Expenses$22,325$16,437▼ $5,888
Total Liabilities$22,325$16,437▼ $5,888
Net Assets / Fund Balance
Unrestricted Net Assets$2,924,762$2,796,104▼ $128,658
Total Net Assets Fund Balance$2,924,762$2,796,104▼ $128,658
Total Liabilities and Net Assets / Fund Balance$2,947,087$2,812,541▼ $134,546
Compensation and Service Providers

Board Members and Trustees

NameTitle
Raymond R SchroederPresident
Charyl SchroederVice President
Connie DeanAssistant Treasurer
John SwiftTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,027
Program Service Revenue
$0
Investment Income
$5,284
Other Revenue
$0
All Other Contributions
$9,027
Change in Net Assets
$-128,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$120,195
Other Expenses$22,774
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$105,911--$105,911
Fees for Services Legal-$16,834-$16,834
Grants to Domestic Individuals$14,284--$14,284
Fees for Services Other-$3,400-$3,400
Insurance-$1,635-$1,635
Other Expenses-$50-$50
Total Functional Expenses$120,195$22,774$0$142,969
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bon Secours St Francis Healthcare System Foundation IncGreenville, SC501(c)(3)Charitable Assistance$25,000
Halcyon HospiceGreenville, SC-Charitable Assistance$25,000
Hospice and Palliative Care FoundationDrayton, SC501(c)(3)Charitable Assistance$25,000
Spartanburg Regional Healthcare System FoundationSpartanburg, SC501(c)(3)Charitable Assistance$25,000
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 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, Part VI, Section A, Line 2

Charyl and ray schroeder have a family relationship.

Form 990, Part VI, Section B, Line 11B

The completed return was provided to the board members prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy which is reviewed, accepted, and signed by each officer and voting board member on an annual basis. Pursuant to this policy, each officer and board member will recuse himself from any discussion and vote for which a conflict exists for himself or his family. Determinations of whether a conflict exists are made at a management, board member, officer, and individual level. Actual conflicts are reviewed by the board, without the presense of the interested party.

Form 990, Part VI, Section C, Line 18

The organization's form 990 is available upon request at the home office. Additionally, recent filings of the form 990 are available at guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements available to the public through tax returns made available for public inspection.

Filing and Contact Details

Filer

Filer Name
Ray & Charyl Schroeder Grace Foundation
EIN
57-1026207
Phone
8644203087
Address
1881 SHARON ROAD, WOODRUFF, SC 29388

Signing Officer

Name
Raymond Schroeder
Title
President
Phone
8646271200
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Schroeder
Formed
1996
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
3

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Raw XML Appendix383 raw XML fields

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/USAddress/AddressLine1Txt1ONE ST FRANCIS DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 151
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt35 CENTURY DR SUITE 210
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SPARTANBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GREENVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DRAYTON
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2SC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3SC
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd129601
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS CONTINUED CONTACT WITH GRANT RECIPIENTS TO LEARN ABOUT THE USE OF DISTRIBUTED FUNDS AND LEARN ABOUT ON GOING NEEDS. THE ORGANIZATION MAINTAINS RECORDS OF GIFT RECEIPTS RECEIVED FROM RECIPIENT ORGANIZATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARYL AND RAY SCHROEDER HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED RETURN WAS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED, ACCEPTED, AND SIGNED BY EACH OFFICER AND VOTING BOARD MEMBER ON AN ANNUAL BASIS. PURSUANT TO THIS POLICY, EACH OFFICER AND BOARD MEMBER WILL RECUSE HIMSELF FROM ANY DISCUSSION AND VOTE FOR WHICH A CONFLICT EXISTS FOR HIMSELF OR HIS FAMILY. DETERMINATIONS OF WHETHER A CONFLICT EXISTS ARE MADE AT A MANAGEMENT, BOARD MEMBER, OFFICER, AND INDIVIDUAL LEVEL. ACTUAL CONFLICTS ARE REVIEWED BY THE BOARD, WITHOUT THE PRESENSE OF THE INTERESTED PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST AT THE HOME OFFICE. ADDITIONALLY, RECENT FILINGS OF THE FORM 990 ARE AVAILABLE AT GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH TAX RETURNS MADE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02947087
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IRS990/TotalAssetsGrp/BOYAmt02947087
IRS990/TotalAssetsGrp/EOYAmt02812541
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09027
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022774
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0120195
IRS990/TotalFunctionalExpensesGrp/TotalAmt0142969
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022325
IRS990/TotalLiabilitiesEOYAmt016437
IRS990/TotalLiabilitiesGrp/BOYAmt022325
IRS990/TotalLiabilitiesGrp/EOYAmt016437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02924762
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02796104
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0120195
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05284
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014311
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02947087
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt02796104
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0WOODRUFF
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029388
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAYMOND SCHROEDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08646271200
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAY & CHARYL SCHROEDER GRACE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RAY&
ReturnHeader/Filer/EIN0571026207
ReturnHeader/Filer/PhoneNum08644203087
ReturnHeader/Filer/USAddress/AddressLine1Txt01881 SHARON ROAD
ReturnHeader/Filer/USAddress/CityNm0WOODRUFF
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03C4A73C7F70BFF54BAAC11A85090BDFB39FC8B01
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.241.144.70
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:34:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560747981
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIXON HUGHES GOODMAN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 RIDGEFIELD COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028806
ReturnHeader/PreparerPersonGrp/PhoneNum08282542254
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY BIBBY
ReturnHeader/ReturnTs02019-05-14T13:34:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.25$0.21$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.74$0.00$2.73$0.25$0.17$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.70$0.00$2.70$0.01$0.06$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.29$0.02$3.27$0.10$0.18$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$0.04$0.08$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.07$0.06$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.81$0.02$2.80$0.01$0.14$0.13
2017Summary only. Only limited summary data is available for this year.$2.95$0.02$2.92$0.05$0.15$0.10
2016Detailed filing. Detailed filing data is available for this year.$3.09$0.07$3.01$1.64$1.60$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.19$0.23$2.97$4.80$4.39$0.40
2014Detailed filing. Detailed filing data is available for this year.$2.68$0.12$2.56$4.44$4.36$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.72$0.23$2.49$5.29$5.25$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.25$2.45$6.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.23$1.90$6.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.15$1.90$7.24