Overview
What is The Grace Foundation?
The Grace Foundation is a nonprofit organization situated in the Rochester area. Its primary mission is to acquire, nurture, and distribute financial aid for associated Christian schools within its locale. This involves providing short-term and long-term funds for these educational institutions. One of their initiatives is a scholarship grant, which offers tuition assistance to students of Rochester Central Lutheran School, supporting around 1 to 10 individuals. Additionally, they have a general fund grant that benefits students of the same school. In essence, The Grace Foundation works diligently to support the financial needs of Christian schools in the Rochester area, ultimately fostering educational opportunities for local students.
Official website here: www.grace-foundation.org
Is The Grace Foundation legitimate?
The Grace Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Grace Foundation 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.
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Official website here: www.grace-foundation.org
What is the mission statement of The Grace Foundation?
The Grace Foundation's mission is centered around securing, cultivating, and distributing both short-term and long-term financial resources for partner Christian schools in a specific area, in this case, the Rochester area. Their primary goal is to provide financial aid for students, as evident in their scholarship grant that offers tuition assistance for students of Rochester Central Lutheran School, benefiting between 1 and 10 individuals. Furthermore, they also have a general fund grant aimed at supporting students of Rochester Central Lutheran School.
Official website here: www.grace-foundation.org
What is the revenue of The Grace Foundation?
The Grace Foundation's revenue in 2023 was $234,539.
Official website here: www.grace-foundation.org
Who are the executives of The Grace Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.grace-foundation.org
Where can I find the form 990 for The Grace Foundation?
The Grace Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.grace-foundation.org
Learn more at the official website: www.grace-foundation.org
Mission Statement of The Grace Foundation
The Grace Foundation, as a philanthropic organization, is dedicated to procuring, nurturing, and disseminating both temporary and long-term financial resources on behalf of affiliated Christian schools situated in various regions. Its primary mission is to offer financial aid to students who attend Rochester Central Lutheran School, specifically providing tuition assistance for up to 10 individuals. In addition to this, The Grace Foundation also manages a general fund grant, which is intended to support the educational needs of students at Rochester Central Lutheran School. By providing these financial resources, The Grace Foundation plays a significant role in ensuring the continuity and success of Christian education within its community.
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Impact
October, 2024
The Grace Foundation has a significant impact on the educational landscape in the Rochester area by securing, cultivating, and distributing crucial financial resources for partner Christian schools. Through their scholarship grant, they provide essential tuition assistance to students at Rochester Central Lutheran School, directly benefiting individuals and enabling access to quality education. Additionally, their general fund grant supports a broader range of initiatives aimed at enhancing the educational experience for students. By focusing on both short-term and long-term financial sustainability, The Grace Foundation strengthens the community’s commitment to education and empowers families to pursue opportunities that may otherwise be out of reach. Their initiatives not only support academic achievement but also contribute to the overall growth and vitality of the local Christian education system.
This information is meant to be a general summary of The Grace Foundation. 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 2023.
- Investment Income: $16,172
- Program Service Revenue: $82,272
- Gross Receipts: $234,539
Assets and Liabilities:
- Total Assets: $664,913
- Total Liabilities: $504,772
- Net Assets: $160,141
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
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Revenue
$82,272
Organization Details
Founding Year
2014
Principal Officer
Christian L Baum Md
Website
www.grace-foundation.orgNTEE Category
Code: A01 - Arts
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