GRACE INSTITUTE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GRACE INSTITUTE (EIN 13-1641069)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-01-31
- IRS object ID
- 201440319349300464
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-01-31T11:35:25-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131971216 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOSES AND SCHREIBER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 MARCUS AVE 1W5 | AddressLine1 |
| City | LAKE SUCCESS | City |
| State | NY | State |
| ZIP Code | 11042 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 131641069 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRACE INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GRAC | NameControl |
| Phone | 2128327605 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1233 SECOND AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100656794 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK GRACE | Name |
| Title | CHAIRMAN OF THE BOARD | Title |
| Phone | 2123691061 | Phone |
| Date Signed | 2014-01-22 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MELVIN SCHREIBER | Name |
| PTIN | P01318415 | PTIN |
| Phone | 5163527700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARY MULVIHILL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1233 SECOND AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10065 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 25258147 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GRACEINSTITUTE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1897 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | EDUCATION TO UNDERSERVED WOMEN | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 45 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | -382140 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 609631 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 630849 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 585607 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 502958 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1121202 | InvestmentIncomePriorYear |
| Investment Income Current Year | 794523 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2316440 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1928330 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1644342 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1943452 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1673109 | OtherExpensePriorYear |
| Other Expenses Current Year | 1345760 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3317451 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3289212 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1001011 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1360882 | RevenuesLessExpensesCY |
| Total Assets BOY | 29498952 | TotalAssetsBOY |
| Total Assets EOY | 29802268 | TotalAssetsEOY |
| Total Liabilities BOY | 1231456 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 944706 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 28267496 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 28857562 | NetAssetsOrFundBalancesEOY |
| Mission Description | GRACE INSTITUTE PROVIDES PRACTICAL JOB TRAINING IN A SUPPORTIVE LEARNING COMMUNITY FOR UNDERSERVED NEW YORK AREA WOMEN OF ALL AGES AND FROM DIFFERENT BACKGROUNDS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2455007 | Expense |
| Revenue | 502958 | Revenue |
| Description | GRACE INSTITUTE PROVIDES PRACTICAL JOB TRAINING IN A SUPPORTIVE LEARNING COMMUNITY FOR UNDERSERVED NEW YORK AREA WOMEN OF ALL AGES AND FROM MANY DIFFERENT BACKGROUNDS. | Description |
| Total Program Service Expense | 2455007 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 4 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 45 | NumberOfEmployees |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Taxable Distributions | 0 | TaxableDistributions |
| Distribution To Donor | 0 | DistributionToDonor |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2128327605 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1233 SECOND AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100656794 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| SHARI KRULL | |||||
| EXECUTIVE DIRECTOR | 55.00 | X | 62308 | 0 | 0 |
| ELSIE COREY | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| WENDY DAVIES | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| JANET FIORENZA | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| CHARLES L FLYNN | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| CHARLES M GRACE | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| HOWARD GRACE | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| J PETER GRACE IV | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| MARGARET GRACE | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| PATRICK P GRACE | |||||
| BOARD CHAIRPERSON | 0.00 | X | 0 | 0 | 0 |
| CHRISTINE MERKLE | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| ELLEN SABIN | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| THERESA GRACE SEARS | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| MICHAEL O WANDERA | |||||
| BOARD MEMBER | 0.00 | X | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 62308 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 630849 | AllOtherContributions |
| Total Contributions | 630849 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OTHER REVENUE | 611710 | 467113 | 467113 |
| STUDENT FEES | 611710 | 35845 | 35845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 502958 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 519098 | TotalRevenueColumn |
| Exclusion | $519,098 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 23605242 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 22947677 | Securities |
| Other | 382140 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 657565 | Securities |
| Other | -382140 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 275425 | TotalRevenueColumn |
| Unrelated Business Revenue | -382140 | UnrelatedBusinessRevenue |
| Exclusion | $657,565 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1928330 | TotalRevenueColumn |
| Related Or Exempt Function Income | 502958 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -382140 | UnrelatedBusinessRevenue |
| Exclusion | $1,176,663 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1655189 | Total |
| Program Services | 1426113 | ProgramServices |
| Management And General | 229076 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147200 | Total |
| Program Services | 147200 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141063 | Total |
| Program Services | 105797 | ProgramServices |
| Management And General | 35266 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54336 | Total |
| Management And General | 54336 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22500 | Total |
| Management And General | 22500 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150487 | Total |
| Management And General | 150487 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 332834 | Total |
| Management And General | 332834 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41918 | Total |
| Program Services | 41918 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12467 | Total |
| Program Services | 12467 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62707 | Total |
| Program Services | 61453 | ProgramServices |
| Management And General | 1254 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91668 | Total |
| Program Services | 88001 | ProgramServices |
| Management And General | 3667 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| CONDOMINIUM OPERATING E | 129284 | 126698 | 2586 |
| SCHOOL SUPPLIES & STUDE | 100521 | 100521 | |
| SECURITY SERVICE | 69434 | 69434 | |
| OTHER ITEMS | 65561 | 65561 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212043 | Total |
| Program Services | 209844 | ProgramServices |
| Management And General | 2199 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3289212 | Total |
| Program Services | 2455007 | ProgramServices |
| Management And General | 834205 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1742323 | BOY |
| EOY | 1098030 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 25000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114358 | BOY |
| EOY | 146486 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52790 | BOY |
| EOY | 145574 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2404352 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1569886 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 735687 | BOY |
| EOY | 834466 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14400202 | BOY |
| EOY | 14699136 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12403009 | BOY |
| EOY | 12812699 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50583 | BOY |
| EOY | 40877 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29498952 | BOY |
| EOY | 29802268 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 462844 | BOY |
| EOY | 356049 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 768612 | BOY |
| EOY | 588657 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1231456 | BOY |
| EOY | 944706 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28118646 | BOY |
| EOY | 28732562 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148850 | BOY |
| EOY | 125000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28267496 | BOY |
| EOY | 28857562 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29498952 | BOY |
| EOY | 29802268 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -1360882 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1950948 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 110691 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 117745 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 350703 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 609631 | CurrentTaxYearMinus1Year |
| Current Tax Year | 630849 | CurrentTaxYear |
| Total | 1819619 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 110691 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 117745 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 350703 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 609631 | CurrentTaxYearMinus1Year |
| Current Tax Year | 630849 | CurrentTaxYear |
| Total | 1819619 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 1819619 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 936701 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 661456 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 678103 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 607422 | CurrentTaxYearMinus1Year |
| Current Tax Year | 519098 | CurrentTaxYear |
| Total | 3402780 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 5222399 | TotalSupport |
| Gross Receipts From Admissions Etc | 2719946 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.34840 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.23540 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: GRACE INSTITUTE RECEIVES SOLICITED AND UNSOLICITED SUPPORT FROM OTHER NON-PROFITS AND THE GENERAL PUBLIC AND CONTINUALLY SOLICITS THROUGH BROCHURES, ADVERTISING, WEBSITE AND NETWORKING. GRACE INSTITUTE PROVIDES PRACTICAL JOB TRAINING IN A SUPPORTIVE LEARNING COMMUNITY FOR UNDERSERVED WOMEN OF ALL AGES FROM DIFFERENT BACKGROUNDS. THE GOVERNING BODY OF GRACE INSTITUTE IS DEDICATED TO THE INTERESTS OF THE PUBLIC BY SERVING THESE WOMEN AND PROVIDING THEM WITH THE SKILLS NEEDED TO OBTAIN JOBS. GRACE INSTITUTE MAINTAINS A FACILITY IN NEW YORK CITY WHICH CONTAINS CLASSROOMS AND LABS WHICH PROVIDES THESE WOMEN WITH THE OPPORTUNITY TO OBTAIN THESE SKILLS TO ASSIST THEM IN ENTERING AND REENTERING THE WORKFORCE. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 247360 | InvestmentCostOrOtherBasis |
| Book Value | 247360 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1085843 | InvestmentCostOrOtherBasis |
| Depreciation | 1085843 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 456994 | InvestmentCostOrOtherBasis |
| Depreciation | 405416 | Depreciation |
| Book Value | 51578 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 614155 | InvestmentCostOrOtherBasis |
| Depreciation | 78627 | Depreciation |
| Book Value | 535528 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 834466 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MONEY MARKET FUNDS | 62950 | F |
| MORTGAGE BACKED SECURITIES | 1547678 | F |
| MUTUAL FUNDS | 1359404 | F |
| SMALL CAP INTL | 4414541 | F |
| PRIVATE EQUITY | 4313419 | F |
| EMERGING MARKETS | 1114707 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 12812699 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| SECURITY DEPOSITS PAYABLE | $30,539 |
| DEFERRED STUDENT FEES | $200 |
| NOTE PAYABLE | $557,918 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 588657 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 1928330 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 1928330 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1928330 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3289212 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3289212 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3289212 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THERE ARE MULTIPLE MEMBERS OF THE GRACE FAMILY ON THE BOARD | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS A MEMBER CHARTER | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMEBERS APPOINT THE TRUSTEES | |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL GOVERNING DECISIONS ARE MADE BY THE MEMBERS AND TRUSTEES | |
| FORM 990, PART VI, SECTION B, LINE 11 | DRAFT OF TAX RETURN SENT TO ERNIE SCHAAL AND BOARD OF DIRECTORS FOR REVIEW BEFORE SIGNING AND MAILING OUT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL DOCUMENTS AVAILABLE UPON REQUEST. | |
| FORM 990 PART VI QUESTION 6 | THE ORGANIZATION HAS A MEMBER CHARTER | ORGANIZATION MEMBERS |
| FORM 990 PART VI QUESTION 7A | THE MEMBERS APPOINT THE TRUSTEES | APPOINTMENT OF MEMBERS |
| FORM 990 PART VI QUESTIONS 7A | ALL GOVERNING DECISIONS ARE MADE BY THE THE MEMBERS AND THE TRUSTEES | POWER TO ELECT |
| FORM 990, PART IX, LINE 11G | CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 218,938. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 218,938. OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 113,896. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,896. | OTHER FEES |
| FORM 990 PART XII QUESTION 2C | THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND ITS FINANCIAL STATEMENTS, AND SELECTION OF AN INDEPENDENT ACCOUNTANT. | OVERSIGHT |