Civic Intelligence

W E Grace Foundation

990 • Fiscal year 2021 • EIN 75-6012546

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 03, 2022

Organization ProfileN/A
208 River Trail CourtWestworth Village, TX 76114-3537

(817) 332-5256

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

48th percentile

8.4%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

405%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,289,775

Up $99,779 (+8.4%) from 2020

Net Assets

Up

$1,289,775

Up $99,779 (+8.4%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin90th percentile

Revenue

Up

$168,770

Up $135,332 (+405%) from 2020

Expenses

Up

$68,991

Up $503 (+0.7%) from 2020

Net Income

Up

$99,779

Up $134,829 (+385%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,077,396Liabilities 2010: $0Net Assets 2010: $1,077,3962010Assets 2011: $1,086,826Liabilities 2011: $0Net Assets 2011: $1,086,8262011Assets 2012: $1,086,745Liabilities 2012: $0Net Assets 2012: $1,086,7452012Assets 2013: $1,095,721Liabilities 2013: $0Net Assets 2013: $1,095,7212013Assets 2014: $1,086,549Liabilities 2014: $0Net Assets 2014: $1,086,5492014Assets 2015: $1,122,731Liabilities 2015: $0Net Assets 2015: $1,122,7312015Assets 2016: $1,127,802Liabilities 2016: $0Net Assets 2016: $1,127,8022016Assets 2017: $1,133,637Liabilities 2017: $0Net Assets 2017: $1,133,6372017Assets 2018: $1,208,094Liabilities 2018: $0Net Assets 2018: $1,208,0942018Assets 2019: $1,225,046Liabilities 2019: $0Net Assets 2019: $1,225,0462019Assets 2020: $1,189,996Liabilities 2020: $0Net Assets 2020: $1,189,9962020Assets 2021: $1,289,775Liabilities 2021: $0Net Assets 2021: $1,289,7752021Assets 2022: $1,206,418Liabilities 2022: $0Net Assets 2022: $1,206,4182022Assets 2023: $1,173,603Liabilities 2023: $0Net Assets 2023: $1,173,6032023Assets 2024: $1,160,701Liabilities 2024: $0Net Assets 2024: $1,160,7012024

Highlighted filing

2021

Assets$1,289,775
Liabilities$0
Net Assets$1,289,775
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

$200K$100K$0-$100KExpenses 2010: $74,2252010Expenses 2011: $68,8242011Expenses 2012: $61,8982012Revenue 2013: $70,967Expenses 2013: $61,991Net Income 2013: $8,9762013Revenue 2014: $64,842Expenses 2014: $74,014Net Income 2014: -$9,1722014Revenue 2015: $106,553Expenses 2015: $70,371Net Income 2015: $36,1822015Revenue 2016: $74,509Expenses 2016: $69,438Net Income 2016: $5,0712016Revenue 2017: $85,686Expenses 2017: $79,851Net Income 2017: $5,8352017Revenue 2018: $139,779Expenses 2018: $65,322Net Income 2018: $74,4572018Revenue 2019: $97,462Expenses 2019: $80,510Net Income 2019: $16,9522019Revenue 2020: $33,438Expenses 2020: $68,488Net Income 2020: -$35,0502020Revenue 2021: $168,770Expenses 2021: $68,991Net Income 2021: $99,7792021Revenue 2022: -$20,486Expenses 2022: $62,871Net Income 2022: -$83,3572022Revenue 2023: $51,420Expenses 2023: $84,235Net Income 2023: -$32,8152023Revenue 2024: $50,394Expenses 2024: $66,983Net Income 2024: -$16,5892024

Highlighted filing

2021

Revenue$168,770
Expenses$68,991
Net Income$99,779
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 3, 2022
Return Version
2021v4.0
Gross Receipts
$549,245
Mission and Program Overview

Mission

To provide support to Whitney High School of the Whitney Independent School District for scholarships to encourage student participation in the Future Farmers of America Program.

Scholarship programs to supplement f.f.a. Program at lake whitney high school

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,189,996$1,289,775▲ $99,779
Investments Other Securities$1,055,651$1,147,637▲ $91,986
Land, Buildings, and Equipment, Net$107,937$106,493▼ $1,444
Cash and Non-Interest-Bearing Accounts$2,074$25,655▲ $23,581
Savings and Temporary Cash Investments$24,334$9,990▼ $14,344
Total Assets$1,189,996$1,289,775▲ $99,779
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,189,996$1,289,775▲ $99,779
Total Liabilities and Net Assets / Fund Balance$1,189,996$1,289,775▲ $99,779

Asset Categories

AssetBook ValueDepreciationBasis
Land$100,250-$100,250
Buildings$6,243$86,503$92,746
Equipment-$13,503$13,503
Other Land Buildings-$9,170$9,170
Other Securities$47,749--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
John P GracePresident
Tiffany GuyDirector
Phoebe GraceSecretary
Wesley RolandTreasurer
Jennifer RatterreeVice Preside
Clarence RichterVP - Scholar
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$168,770
Other Revenue
$0
Change in Net Assets
$99,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,916
Grants and Similar Amounts Paid$10,075
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$25,943-$25,943
Grants to Domestic Individuals$10,075--$10,075
Other Expenses$4,003--$4,003
Insurance$3,111--$3,111
Fees for Services Accounting-$1,660-$1,660
All Other Expenses$1,440$186-$1,626
Depreciation Depletion$1,444--$1,444
Information Technology$605--$605
Total Functional Expenses$41,202$27,789$0$68,991
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
No
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 2

“John p grace phoebe grace president vp spouse john p grace jennifer ratterree president vp parent clarence richter tiffany guy vp-sch director parent”

Form 990, Page 6, Part VI, Line 6

“The organization has 2 members: john p grace and phoebe grace”

Form 990, Page 6, Part VI, Line 7A

“The 2 members of the organization elect the board of directors on an annual basis.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is forwarded to all director's that are required to review.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements are available to the public upon written request by mail.”

Filing and Contact Details

Filer

Filer Name
We Grace Foundation
EIN
75-6012546
Phone
8173325256
Address
208 RIVER TRAIL COURT, WESTWORTH VILLAGE, TX 76114-3537

Signing Officer

Name
John P Grace
Title
President
Phone
8173325256
Signed
2022-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Grace
Formed
1975
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Burgher Tax Services LLC
Address
2501 RIDGMAR PLZ, FORT WORTH, TX 76116
Preparer
Bedford Burgher
Phone
8173325256
Raw XML Appendix338 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THROUGH THE SCHOOL AUTHORITIES ADMINISTERING THE PROGRAM AND VIA PROGRAM MATERIALS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOHN P GRACE PHOEBE GRACE PRESIDENT VP SPOUSE JOHN P GRACE JENNIFER RATTERREE PRESIDENT VP PARENT CLARENCE RICHTER TIFFANY GUY VP-SCH DIRECTOR PARENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS 2 MEMBERS: JOHN P GRACE AND PHOEBE GRACE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 2 MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS FORWARDED TO ALL DIRECTOR'S THAT ARE REQUIRED TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST BY MAIL.
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01189996
IRS990/TotalAssetsEOYAmt01289775
IRS990/TotalAssetsGrp/BOYAmt01189996
IRS990/TotalAssetsGrp/EOYAmt01289775
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027789
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt041202
IRS990/TotalFunctionalExpensesGrp/TotalAmt068991
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01189996
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01289775
IRS990/TotalProgramServiceExpensesAmt041202
IRS990/TotalRevenueGrp/ExclusionAmt037402
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131368
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0168770
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01189996
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01289775
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0208 RIVER TRAIL COURT
IRS990/USAddress/CityNm0WESTWORTH VILLAGE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0761143537
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN P GRACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08173325256
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WE GRACE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WEGR
ReturnHeader/Filer/EIN0756012546
ReturnHeader/Filer/PhoneNum08173325256
ReturnHeader/Filer/USAddress/AddressLine1Txt0208 RIVER TRAIL COURT
ReturnHeader/Filer/USAddress/CityNm0WESTWORTH VILLAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0761143537
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0815334664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURGHER TAX SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02501 RIDGMAR PLZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT WORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076116
ReturnHeader/PreparerPersonGrp/PhoneNum08173325256
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BEDFORD BURGHER
ReturnHeader/ReturnTs02022-10-04T17:47:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRACE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,289,775
Liabilities
$0
Net assets
$1,289,775
Revenue
$168,770
Expenses
$68,991
Net income
$99,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.05$0.07$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.05$0.08$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.02$0.06$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.17$0.07$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.03$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.10$0.08$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.14$0.07$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.09$0.08$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.07$0.07$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.11$0.07$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.06$0.07$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.07$0.06$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.00$1.09$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.00$1.08$0.07