Civic Intelligence

Lace Foundation C/O Daniel Lace

990 • Fiscal year 2024 • EIN 81-3846692

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 01, 2025

Organization ProfileTHELACEFOUNDATION.ORG
5n445 Billy Burns Rd PO Box 449Wayne, IL 60184

(630) 513-1608

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

72nd percentile

19%

Faster asset growth than 72% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

14%

Faster revenue growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$188,472

Up $29,672 (+19%) from 2023

Net Assets

Up

$188,472

Up $29,672 (+19%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin91st percentile

Revenue

Up

$42,141

Up $5,247 (+14%) from 2023

Expenses

Down

$20,062

Down $3,571 (-15%) from 2023

Net Income

Up

$22,079

Up $8,818 (+66%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$300K$200K$100K$0Assets 2016: $80,692Liabilities 2016: $0Net Assets 2016: $80,6922016Assets 2017: $107,216Liabilities 2017: $0Net Assets 2017: $107,2162017Assets 2018: $114,136Liabilities 2018: $0Net Assets 2018: $114,1362018Assets 2019: $134,462Liabilities 2019: $0Net Assets 2019: $134,4622019Assets 2020: $145,402Liabilities 2020: $0Net Assets 2020: $145,4022020Assets 2021: $157,228Liabilities 2021: $0Net Assets 2021: $157,2282021Assets 2022: $133,277Liabilities 2022: $0Net Assets 2022: $133,2772022Assets 2023: $158,800Liabilities 2023: $0Net Assets 2023: $158,8002023Assets 2024: $188,472Liabilities 2024: $0Net Assets 2024: $188,4722024Assets 2025: $220,440Liabilities 2025: $0Net Assets 2025: $220,4402025

Highlighted filing

2024

Assets$188,472
Liabilities$0
Net Assets$188,472
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

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

$100K$50K$0-$50KRevenue 2016: $98,031Expenses 2016: $17,339Net Income 2016: $80,6922016Revenue 2017: $41,840Expenses 2017: $21,062Net Income 2017: $20,7782017Revenue 2018: $26,021Expenses 2018: $7,834Net Income 2018: $18,1872018Revenue 2019: $12,323Expenses 2019: $7,884Net Income 2019: $4,4392019Revenue 2020: $11,055Expenses 2020: $7,953Net Income 2020: $3,1022020Revenue 2021: $17,559Expenses 2021: $10,057Net Income 2021: $7,5022021Revenue 2022: $8,635Expenses 2022: $12,537Net Income 2022: -$3,9022022Revenue 2023: $36,894Expenses 2023: $23,633Net Income 2023: $13,2612023Revenue 2024: $42,141Expenses 2024: $20,062Net Income 2024: $22,0792024Revenue 2025: $19,340Expenses 2025: $6,211Net Income 2025: $13,1292025

Highlighted filing

2024

Revenue$42,141
Expenses$20,062
Net Income$22,079
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 1, 2025
Return Version
2024v5.0
Gross Receipts
$49,055
Mission and Program Overview

Mission

To operate as an irs 501(c)(3) not-for-profit charitable organization identifying and supporting other i.r.s. 501(c)(3) not-for-profit organiations thet provide programs to alleviate suffering and poverty by taking aim at its root cause, to educate young people in careers, and to respond to specific community needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$140,413$171,568▲ $31,155
Cash and Non-Interest-Bearing Accounts$18,387$16,904▼ $1,483
Total Assets$158,800$188,472▲ $29,672
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$158,800$188,472▲ $29,672
Total Net Assets Fund Balance$158,800$188,472▲ $29,672
Total Liabilities and Net Assets / Fund Balance$158,800$188,472▲ $29,672
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Daniel LacePresident
Mary LaceSecretary
John LaceTreasurer
Bonnie LaceVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$37,597
Program Service Revenue
$0
Investment Income
$4,544
Other Revenue
$0
All Other Contributions
$37,597
Change in Net Assets
$22,079
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,498
Other Expenses$2,564
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,498--$17,498
Fees for Service Investment Mgmnt Fees-$1,164-$1,164
Fees for Services Accounting-$865-$865
Fees for Services Legal-$450-$450
Fees for Services Other-$85-$85
Total Functional Expenses$17,498$2,564$0$20,062
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Compassion InternationalColorado Spgs, CO501-c3Alleviate Suffering$13,164
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 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

“Daniel lace president husband john lace treasurer son mary lace secretary daughter bonnie lace vice pres. Wife”

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

“Form 990 reviewed and approved by board”

Form 990, Page 6, Part VI, Line 12C

“Compliance reviewed by board”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lace Foundation
EIN
81-3846692
Phone
6305131608
Address
5N445 BILLY BURNS RD PO BOX 449, WAYNE, IL 60184

Signing Officer

Name
Daniel Lace
Title
President
Phone
6305131608
Signed
2025-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Lace
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
John J Russell CPA
Address
800 E NORTHWEST HWY STE 510, PALATINE, IL 60074
Preparer
John J Russell CPA
Phone
8473594300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To operate as an irs 501(c)(3) not-for-profit charitable organization identifying and supporting other i.r.s. 501(c)(3) not-for-profit organiations thet provide programs to alleviate suffering and poverty by taking aim at its root cause, to educate young people in careers, and to respond to specific community needs.”

Form 990, Page 2, Part III, Line 4D

“GRANTS”

Raw XML Appendix309 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GRANTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DANIEL LACE PRESIDENT HUSBAND JOHN LACE TREASURER SON MARY LACE SECRETARY DAUGHTER BONNIE LACE VICE PRES. WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 REVIEWED AND APPROVED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE REVIEWED BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL LACE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06305131608
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LACE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O DANIEL LACE
ReturnHeader/Filer/BusinessNameControlTxt0LACE
ReturnHeader/Filer/EIN0813846692
ReturnHeader/Filer/PhoneNum06305131608
ReturnHeader/Filer/USAddress/AddressLine1Txt05N445 BILLY BURNS RD PO BOX 449
ReturnHeader/Filer/USAddress/CityNm0WAYNE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060184
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0362689320
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN J RUSSELL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 E NORTHWEST HWY STE 510
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALATINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060074
ReturnHeader/PreparerPersonGrp/PhoneNum08473594300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J RUSSELL CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-03-20T14:17:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$188,472
Liabilities
$0
Net assets
$188,472
Revenue
$42,141
Expenses
$20,062
Net income
$22,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.00$2.20$0.19$0.06$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.42$0.20$0.22
2023Summary only. Only limited summary data is available for this year.$1.59$0.00$1.59$0.37$0.24$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.00$1.33$0.09$0.13$0.04
2021Summary only. Only limited summary data is available for this year.$1.57$0.00$1.57$0.18$0.10$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.45$0.00$1.45$0.11$0.08$0.03
2019Summary only. Only limited summary data is available for this year.$1.34$0.00$1.34$0.12$0.08$0.04
2018Summary only. Only limited summary data is available for this year.$1.14$0.00$1.14$0.26$0.08$0.18
2017Summary only. Only limited summary data is available for this year.$1.07$0.00$1.07$0.42$0.21$0.21
2016Summary only. Only limited summary data is available for this year.$0.81$0.00$0.81$0.98$0.17$0.81