Civic Intelligence

W E Grace Foundation

990 • Fiscal year 2023 • EIN 75-6012546

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 26, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

6th percentile

-64%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

27th percentile

-2.7%

Faster asset growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,173,603

Down $32,815 (-2.7%) from 2022

Net Assets

Down

$1,173,603

Down $32,815 (-2.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin6th percentile

Revenue

Up

$51,420

Up $71,906 (+351%) from 2022

Expenses

Up

$84,235

Up $21,364 (+34%) from 2022

Net Income

Up

-$32,815

Up $50,542 (+61%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2023

Assets$1,173,603
Liabilities$0
Net Assets$1,173,603
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2023

Revenue$51,420
Expenses$84,235
Net Income-$32,815
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 26, 2024
Return Version
2023v5.0
Gross Receipts
$350,096
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$1,206,418$1,173,603▼ $32,815
Investments Other Securities$1,022,946$979,314▼ $43,632
Land, Buildings, and Equipment, Net$105,089$103,683▼ $1,406
Savings and Temporary Cash Investments$75,163$89,611▲ $14,448
Cash and Non-Interest-Bearing Accounts$3,220$995▼ $2,225
Total Assets$1,206,418$1,173,603▼ $32,815
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,206,418$1,173,603▼ $32,815
Total Liabilities and Net Assets / Fund Balance$1,206,418$1,173,603▼ $32,815

Asset Categories

AssetBook ValueDepreciationBasis
Land$100,250-$100,250
Buildings$3,433$94,063$97,496
Equipment-$13,503$13,503
Other Land Buildings-$9,170$9,170
Other Securities$107,648--
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
$173
Program Service Revenue
$0
Investment Income
$51,247
Other Revenue
$0
Change in Net Assets
$-32,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,935
Grants and Similar Amounts Paid$36,300
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$36,300--$36,300
Fees for Service Investment Mgmnt Fees-$21,567-$21,567
Fees for Services Accounting-$6,180-$6,180
Insurance$3,928--$3,928
Other Expenses$1,490--$1,490
Depreciation Depletion$1,406--$1,406
All Other Expenses$143$109-$252
Total Functional Expenses$56,379$27,856$0$84,235
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
2024-03-26
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 Appendix340 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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01206418
IRS990/TotalAssetsEOYAmt01173603
IRS990/TotalAssetsGrp/BOYAmt01206418
IRS990/TotalAssetsGrp/EOYAmt01173603
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0173
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027856
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt056379
IRS990/TotalFunctionalExpensesGrp/TotalAmt084235
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01173603
IRS990/TotalProgramServiceExpensesAmt056379
IRS990/TotalRevenueGrp/ExclusionAmt043063
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08184
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051420
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01206418
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01173603
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN P GRACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08173325256
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-26
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02024-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BEDFORD BURGHER
ReturnHeader/ReturnTs02024-03-27T11:14:36-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRACE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,173,603
Liabilities
$0
Net assets
$1,173,603
Revenue
$51,420
Expenses
$84,235
Net income
-$32,815
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