Overview
What is Grace Institute?
Grace Institute, located at 1535 NE 17th Ave, Portland, OR 97232, is a nonprofit organization dedicated to providing engaging arts programs for children aged 4-12. Their primary activity is an annual 10-week summer arts camp, attracting approximately 1000 children each year. The institute's mission encompasses addressing the challenges and changes in their city and neighborhoods through creative arts programs, ensuring that over 1000 children benefit from their services annually. With a workforce of 104 individuals, Grace Institute strives to contribute positively to the local community.
Official website here: www.grace-institute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Star rating)
Grace Institute has received a low rating of 57%, indicating concerns regarding its overall accountability and financial practices. While the organization scores well in certain areas, such as having a fully independent board and no material diversion of assets, it lacks essential financial transparency measures, which negatively impact its rating.
The organization boasts a strong board composition with 100% independent members, reflecting its commitment to governance. However, weaknesses are evident in its financial disclosures, as it has not provided necessary financial statements or posted its tax form on its website. Additionally, the absence of key policies, such as conflict of interest and whistleblower policies, raises questions about internal controls and transparency.
Despite achieving a program expense ratio of 60.18%, indicating that a majority of its expenses are directed towards its programs, the lack of critical financial documentation and policies suggests that Grace Institute needs to improve its operational transparency and adherence to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $469,946
For more financial information, click here
Official website here: www.grace-institute.org
What is the mission statement of Grace Institute?
Grace Institute's mission is centered around creatively addressing the challenges and changes in the city and neighborhoods. It accomplishes this by offering a variety of arts programs to children aged 4 to 12. One of their notable initiatives is the 10-week summer arts camp, which annually welcomes over 1000 children. By providing these arts programs, Grace Institute aims to engage with and contribute positively to the community.
Official website here: www.grace-institute.org
Who is the CEO of Grace Institute?
Sharon Loomis-Malin is the President of Grace Institute.
Official website here: www.grace-institute.org
What is the revenue of Grace Institute?
Grace Institute's revenue in 2022 was $700,102.
Official website here: www.grace-institute.org
Who are the executives of Grace Institute and what are their salaries?
The average compensation at Grace Institute during 2022 was $4,519. There are 104 employees at Grace Institute.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $57,116
- Related: $0
- Other: $0
Official website here: www.grace-institute.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.grace-institute.org
Learn more at the official website: www.grace-institute.org
Mission Statement of Grace Institute
Grace Institute, a nonprofit organization, is dedicated to engaging with the challenges and transformations in the city and its neighborhoods. They achieve this by providing arts programs for children between the ages of 4 and 12. Each summer, Grace Institute hosts a 10-week arts camp, attracting approximately 1000 children annually. This camp serves as an avenue for these children to creatively express themselves and participate in various artistic activities. By offering these arts programs, Grace Institute contributes to the personal growth and development of the young attendees, providing them with a unique and enriching experience.
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Impact
July, 2024
Grace Institute's impact can be seen in the positive influence it has on over 1000 children each year through its art camps. By engaging children ages 4-12 in creative activities, Grace Institute fosters artistic expression and provides valuable learning experiences. This helps to enrich the lives of young individuals in Portland, Oregon, and contributes to the cultural vibrancy of the city and its neighborhoods.
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: $550
- Program Service Revenue: $475,341
- Gross Receipts: $700,102
Assets and Liabilities:
- Total Assets: $152,018
- Total Liabilities: $259
- Net Assets: $151,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Art Camp
Revenue
$410,072
Peace Camp
Revenue
$20,035
Three Day Camp
Revenue
$21,300
Spring Break Camp
Revenue
$17,234
Art Classes
Revenue
$6,700
Organization Details
Founding Year
2004
Phone
(503) 331-8155Principal Officer
Sharon Loomis-Malin
Main Address
1535 NE 17th Ave, Portland, OR, 97232
Website
www.grace-institute.orgNTEE Category
Code: A20 - Arts
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