Civic Intelligence

Grace University

990 • Fiscal year 2023 • EIN 82-4175694

Jan 01, 2023 to Dec 31, 2023 • Filed on May 02, 2024

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

0.02x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.01x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$38,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

72nd percentile

18%

Faster asset growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-18%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$235,029

Up $36,052 (+18%) from 2022

Net Assets

Up

$230,638

Up $52,660 (+30%) from 2022

Liabilities

Down

$4,391

Down $16,608 (-79%) from 2022

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin67th percentile

Revenue

Down

$365,088

Down $78,559 (-18%) from 2022

Expenses

Down

$312,428

Down $49,326 (-14%) from 2022

Net Income

Down

$52,660

Down $29,233 (-36%) from 2022

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 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

2023

Assets$235,029
Liabilities$4,391
Net Assets$230,638
Open 2023 Filing

Operations Trend

Revenue Growth26th 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

2023

Revenue$365,088
Expenses$312,428
Net Income$52,660
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 2, 2024
Return Version
2023v5.0
Gross Receipts
$365,088
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
Accounts Receivable-$184,800-
Cash and Non-Interest-Bearing Accounts$190,581$50,127▼ $140,454
Land, Buildings, and Equipment, Net$296$102▼ $194
Savings and Temporary Cash Investments-$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$198,977$235,029▲ $36,052
Other Assets Total$8,100$0▼ $8,100
Liabilities
Other Liabilities$20,999$4,391▼ $16,608
Total Liabilities$20,999$4,391▼ $16,608
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$177,978$230,638▲ $52,660
Total Net Assets Fund Balance$177,978$230,638▲ $52,660
Total Liabilities and Net Assets / Fund Balance$198,977$235,029▲ $36,052

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$102$1,698$1,800
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John CharityVice PresidentFT$38,000$38,000
Theresa WooCFOFT$35,000$35,000
Scott SchraderPresidentFT$13,500$13,500

Board Members and Trustees

NameTitle
Robert EvansChairman
Evelyn ChenDirector
Joyce LuDirector
Yi-ming KaoDirector
Ken NovakSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$140,650
Program Service Revenue
$224,438
Investment Income
$0
Other Revenue
$0
All Other Contributions
$140,650
Change in Net Assets
$52,660
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$185,691
Other Expenses$126,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$86,500--$86,500
Other Salaries and Wages$84,037--$84,037
All Other Expenses$3,851$12,010-$15,861
Payroll Taxes$15,154--$15,154
Other Expenses$9,000$4,300-$4,300
Total Functional Expenses$296,118$16,310$0$312,428
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$4,391
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, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“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
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Charity
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
0
Employees
9

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/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0198977
IRS990/TotalAssetsEOYAmt0235029
IRS990/TotalAssetsGrp/BOYAmt0198977
IRS990/TotalAssetsGrp/EOYAmt0235029
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0140650
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016310
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0296118
IRS990/TotalFunctionalExpensesGrp/TotalAmt0312428
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020999
IRS990/TotalLiabilitiesEOYAmt04391
IRS990/TotalLiabilitiesGrp/BOYAmt020999
IRS990/TotalLiabilitiesGrp/EOYAmt04391
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0177978
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0230638
IRS990/TotalProgramServiceExpensesAmt0296118
IRS990/TotalProgramServiceRevenueAmt0224438
IRS990/TotalReportableCompFromOrgAmt086500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224438
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0365088
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0198977
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0235029
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt027611 LA PAZ RD A2
IRS990/USAddress/CityNm0LAGUNA NIGUEL
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092677
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTPS://WWW.GRACEUNIV.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN CHARITY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRACE UNIVERSITY
ReturnHeader/Filer/BusinessNameControlTxt0GRAC
ReturnHeader/Filer/EIN0824175694
ReturnHeader/Filer/PhoneNum09492153963
ReturnHeader/Filer/USAddress/AddressLine1Txt027611 LA PAZ RD A2
ReturnHeader/Filer/USAddress/CityNm0LAGUNA NIGUEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092677
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/ReturnTs02024-05-02T16:09:34-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHARITY
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$235,029
Liabilities
$4,391
Net assets
$230,638
Revenue
$365,088
Expenses
$312,428
Net income
$52,660
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