Overview
What is Grace Institute?
Grace Institute is a nonprofit organization situated in New York City, specifically at 1270 Avenue of the Americas 1905, New York, NY 10020. Its primary focus is providing financial support to job training programs that empower women to secure sustainable employment. The organization, recognized as the "Foundation," is particularly committed to the ongoing operation and sustainability of the Grace Institute of New York, which took over the historical workforce development role in the city in October 2016. The Foundation's mission extends to ensuring the continuity of job training programs that assist women in achieving gainful employment, thereby contributing positively to the local workforce development landscape.
Official website here: www.graceinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Grace Institute has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts a high level of independence within its board, with 87% of members being independent. Financially, it has a low liabilities to assets ratio of 9.94% and an excellent program expense ratio of 73.01%, indicating that a significant portion of its funds is directed towards its programs.
User feedback highlights the transformative impact of Grace Institute on its students. Reviewers consistently praise the quality of instruction and the supportive environment provided by the staff. Many students express gratitude for the skills they are acquiring, particularly in areas like Microsoft applications and career development, which are essential for their professional advancement.
However, while the testimonials are overwhelmingly positive, the focus is primarily on personal experiences and outcomes rather than broader organizational challenges or areas for improvement. This suggests that Grace Institute is effectively fulfilling its mission to empower women through education and skill development.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Grace Institute legitimate?
Grace Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $207,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.graceinstitute.org
What is the mission statement of Grace Institute?
The Grace Institute, often referred to as the "Foundation," provides financial support to job training programs in various parts of New York City. The primary goal of these programs is to empower women, enabling them to secure and maintain sustainable employment. The foundation pays special attention to the ongoing operation and viability of the Grace Institute of New York, which assumed the foundation's historical role in New York City workforce development in October 2016.
Official website here: www.graceinstitute.org
Who is the CEO of Grace Institute?
Patrick Grace is the President/Secretary of Grace Institute.
Official website here: www.graceinstitute.org
What is the revenue of Grace Institute?
Grace Institute's revenue in 2022 was $566,435.
Official website here: www.graceinstitute.org
Who are the executives of Grace Institute and what are their salaries?
The average compensation at Grace Institute during 2022 was $207,500. There is 1 employee and 7 volunteers at Grace Institute.
Here are 8 key members and their salaries:
- Compensation: $215,713
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- Other: $0
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Official website here: www.graceinstitute.org
Where can I find the form 990 for Grace Institute?
Grace Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.graceinstitute.org
Learn more at the official website: www.graceinstitute.org
Mission Statement of Grace Institute
Grace Institute, as a foundation, seeks to provide financial aid to job training programs in New York City. These programs are specifically designed to empower women, enabling them to secure sustainable and gainful employment. The foundation has a special focus on the ongoing operation and viability of Grace Institute of New York, which assumed the foundation's historical role in workforce development in the city, starting from October 2016.
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Impact
July, 2024
Grace Institute's impact is profound as it provides financial support to job training programs that enable women to achieve sustained, gainful employment. By offering grants to deserving workforce development organizations in New York City, Grace Institute plays a vital role in empowering women to secure employment opportunities. Through its mission, Grace Institute contributes to the economic advancement of women by ensuring access to training programs that lead to successful careers in various industries.
This information is meant to be a general summary of Grace Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $565,667
- Gross Receipts: $15,910,060
Assets and Liabilities:
- Total Assets: $47,444,330
- Total Liabilities: $4,725,209
- Net Assets: $42,719,121
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Organization Details
Founding Year
1897
Phone
(212) 262-0662Principal Officer
Patrick Grace
Main Address
1270 AVENUE OF THE AMERICAS 1905, NEW YORK, NY, 10020
Website
www.graceinstitute.orgNTEE Category
Code: J20 - Employment
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