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The Grace Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364793159 ✦ The woodlands, TX ✦ Designated as a 501(c)(3)

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Overview

What is The Grace Foundation?

The Grace Foundation is a nonprofit organization situated in The Woodlands, Texas. Their primary mission is to financially support the work of Grace School of Theology, a higher education institution. The aim of this support is to help realize the school's vision: to cultivate spiritual leaders across the globe who can share the unconditional love of Christ. This love, as per The Grace Foundation, is neither earned nor lost. The organization's activities are centered around financially backing this theological ministry.

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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Grace Foundation?

The Grace Foundation's mission is centered around financially supporting the Ministry of Grace School of Theology. The primary goal is to realize the vision of this theological institution, which is to develop spiritual leaders in various nations. These leaders are expected to educate others about the unconditional love of Christ, a love that cannot be earned or lost. The Foundation's mission thus primarily focuses on providing financial support for the higher education programs offered by Grace School of Theology.

Who is the CEO of The Grace Foundation?

John Romain is the President of The Grace Foundation.

What is the revenue of The Grace Foundation?

The Grace Foundation's revenue in 2022 was $1,419,837.

Who are the executives of The Grace Foundation and what are their salaries?


Here are 7 key members and their salaries:


Mark Albers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Allison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mcewen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Romain (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glen Walden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Labry (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Grace Foundation?

The Grace Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Grace Foundation

The Grace Foundation is dedicated to financially backing the ministry of Grace School of Theology. Its mission is to realize the vision of this institution, which is to develop spiritual leaders in every nation. These leaders are expected to teach others about the boundless love of Christ, a love that cannot be earned or lost. The foundation's support primarily focuses on the higher education programs offered by Grace School of Theology.

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Impact




October, 2024

The Grace Foundation plays a pivotal role in supporting the mission of Grace School of Theology by providing crucial financial resources. Its impact is demonstrated through the development of spiritual leaders across the globe who are equipped to share the message of Christ's unconditional love. By investing in higher education programs, the foundation ensures that aspiring theologians receive the training they need to instruct others, fostering a network of educators dedicated to imparting values of grace, love, and hope. This initiative not only enriches individuals but also strengthens communities internationally by nurturing informed and compassionate leaders in faith.




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.

Revenue
$1,419,837 (2022)
Expenses
$1,806,732 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$206,315
  • Gross Receipts: $1,690,894

Assets and Liabilities:

  • Total Assets: $3,611,326
  • Total Liabilities: $955,094
  • Net Assets: $2,656,232

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Organization Details

Founding Year

2014

Principal Officer

John Romain

Main Address

3705 COLLEGE PARK DRIVE 140, THE WOODLANDS, TX, 773844894

NTEE Category

Code: T11 - Philanthropy

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