Civic Intelligence

Grace University

990 • Fiscal year 2021 • EIN 82-4175694

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 25, 2022

Organization ProfileWWW.GRACEUNIV.ORG
27611 LA Paz Rd A2Laguna Niguel, CA 92677

(949) 215-3963

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

52nd percentile

9.7%

Higher net margin than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$18,500

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

19th percentile

-19%

Faster asset growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

80%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$99,148

Down $23,854 (-19%) from 2020

Net Assets

Up

$96,085

Up $26,760 (+39%) from 2020

Liabilities

Down

$3,063

Down $50,614 (-94%) from 2020

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin52nd percentile

Revenue

Up

$226,059

Up $100,459 (+80%) from 2020

Expenses

Up

$204,149

Up $147,874 (+263%) from 2020

Net Income

Down

$21,910

Down $47,415 (-68%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$300K$200K$100K$0Assets 2020: $123,002Liabilities 2020: $53,677Net Assets 2020: $69,3252020Assets 2021: $99,148Liabilities 2021: $3,063Net Assets 2021: $96,0852021Assets 2022: $198,977Liabilities 2022: $20,999Net Assets 2022: $177,9782022Assets 2023: $235,029Liabilities 2023: $4,391Net Assets 2023: $230,6382023Assets 2024: $297,617Liabilities 2024: $0Net Assets 2024: $297,6172024

Highlighted filing

2021

Assets$99,148
Liabilities$3,063
Net Assets$96,085
Open 2021 Filing

Operations Trend

Revenue Growth82nd percentile

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

$600K$400K$200K$0Revenue 2020: $125,600Expenses 2020: $56,275Net Income 2020: $69,3252020Revenue 2021: $226,059Expenses 2021: $204,149Net Income 2021: $21,9102021Revenue 2022: $443,647Expenses 2022: $361,754Net Income 2022: $81,8932022Revenue 2023: $365,088Expenses 2023: $312,428Net Income 2023: $52,6602023Revenue 2024: $536,760Expenses 2024: $469,781Net Income 2024: $66,9792024

Highlighted filing

2021

Revenue$226,059
Expenses$204,149
Net Income$21,910
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 25, 2022
Return Version
2021v4.0
Gross Receipts
$226,059
Mission and Program Overview

Mission

Grace university exists to integrate christian values in all academic experiencesthereby creating and educational community where its students learn to think andact as ethical leaders and responsible world citizens

Grace university is a denominational non-profit, postsecondary faith-based educational institution. Grace university strives to be a leader in thedevelopment and execution of christian-imbued educational experiences forindividuals that they can use to make a significant impact on the world throughtheir personal and professional excellence. Grace university seeks fulfill itsmission by providing a variety of lifelong opportunities for individuals thatinclude bachelor's and master's degrees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$64,750$90,544▲ $25,794
Land, Buildings, and Equipment, Net$864$504▼ $360
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$73,714$99,148▲ $25,434
Other Assets Total$8,100$8,100→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,899--
Other Liabilities$16,861$3,063▼ $13,798
Total Liabilities$26,760$3,063▼ $23,697
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,954$96,085▲ $49,131
Total Net Assets Fund Balance$46,954$96,085▲ $49,131
Total Liabilities and Net Assets / Fund Balance$73,714$99,148▲ $25,434

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$504$1,296$1,800
Other Assets Org$8,100--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John CharityCEOFT$18,500$18,500

Board Members and Trustees

NameTitle
Peter WangChairman
Caleb TsaiDirector
Timothy Tuan Chih YehDirector
Joyce LuCFO
Peter HsiehSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$25,180
Program Service Revenue
$200,879
Investment Income
$0
Other Revenue
$0
All Other Contributions
$25,180
Change in Net Assets
$21,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,952
Salaries, Compensation, and Employee Benefits$80,197
Total Fundraising Expense$3,949
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,800--$54,800
Current Officers, Directors, Trustees, and Key Employees$18,500--$18,500
All Other Expenses-$7,954$3,949$11,903
Other Expenses$42,463$8,729-$8,729
Payroll Taxes$6,897--$6,897
Depreciation Depletion$360--$360
Office Expenses-$321-$321
Fees for Services Other-$26-$26
Total Functional Expenses$172,473$27,727$3,949$204,149
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$3,063
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Grace University
EIN
82-4175694
Phone
9492153963
Address
27611 LA PAZ RD A2, LAGUNA NIGUEL, CA 92677

Signing Officer

Name
John Charity
Title
CEO
Signed
2022-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Charity
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
0
Employees
5

Preparer

Firm
David Lu CPA Inc
Address
11818 South St Ste 206, Cerritos, CA 90703
Preparer
David Lu CPA
Phone
5624026106
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN CHARITY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE UNIVERSITY
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0824175694
ReturnHeader/Filer/PhoneNum09492153963
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813664870
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David Lu CPA Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011818 South St Ste 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cerritos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090703
ReturnHeader/PreparerPersonGrp/PhoneNum05624026106
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Lu CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-08-25T18:32:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$99,148
Liabilities
$3,063
Net assets
$96,085
Revenue
$226,059
Expenses
$204,149
Net income
$21,910
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$5.37$4.70$0.67
2023Detailed filing. Detailed filing data is available for this year.$2.35$0.04$2.31$3.65$3.12$0.53
2022Detailed filing. Detailed filing data is available for this year.$1.99$0.21$1.78$4.44$3.62$0.82
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.03$0.96$2.26$2.04$0.22
2020Summary only. Only limited summary data is available for this year.$1.23$0.54$0.69$1.26$0.56$0.69