Overview
What is Grace?
Grace is a nonprofit organization, headquartered in Pasadena, California, specifically at 85 South Grand Avenue, CA 91105. Their primary mission is to tackle the issue of child and family poverty in California. To achieve this, they engage in research, collaborate with academic institutions and experts, convene stakeholders, and develop an approach to address this concern. They are committed to making a positive impact on the lives of low-income families and their children by advocating for necessary changes and educating the general public about the issue. With a team of nine dedicated individuals, Grace strives to address the vital needs of those in poverty and contribute positively to their well-being.
Official website here: www.grace-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Grace has achieved an impressive score of 97%, indicative of a strong commitment to fiscal responsibility and transparency. With a full 100% of its board members being independent, the organization exemplifies governance best practices, ensuring that decisions are made without conflicts of interest. The financial health of the organization is robust, demonstrated by low liabilities relative to assets and a sound program expense ratio of over 75%, indicating that the majority of funds are directed towards its mission.
The charity also excels in accountability, with multiple policies in place, such as conflict of interest and whistleblower policies, contributing to a culture of integrity and oversight. Additionally, Grace's fundraising efficiency is notably high, with only four cents spent on fundraising for every dollar raised, allowing for more resources to be allocated to programmatic efforts.
While the organization shows no material diversion of assets and maintains a solid working capital ratio, it remains crucial for potential donors to continue monitoring its ongoing performance. Overall, Grace stands out as a well-managed nonprofit dedicated to its mission and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Grace legitimate?
Grace is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace 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: $232,941
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,366
For more financial information, click here
Official website here: www.grace-inc.org
What is the mission statement of Grace?
Grace, an organization dedicated to addressing poverty, strives to make a positive impact in the lives of low-income families and their children. Their mission is multifaceted, encompassing research to develop a policy approach aimed at reducing child and family poverty in California. They collaborate with academic institutions and experts to refine this approach. Furthermore, Grace convenes stakeholders to further develop and implement this strategy. Lastly, they have a plan in place to educate the general public about child and family poverty in California.
Official website here: www.grace-inc.org
Who is the CEO of Grace?
Shimica Gaskins is the Ceo of Grace. The CEO's salary of Grace is $73,091 and their total compensation is $83,546.
Official website here: www.grace-inc.org
What is the revenue of Grace?
Grace's revenue in 2022 was $907,419.
Official website here: www.grace-inc.org
Who are the executives of Grace and what are their salaries?
The average compensation at Grace during 2022 was $47,034. There are 9 employees at Grace.
Here are 7 key members and their salaries (Grace's CEO's salary is $73,091 and their total compensation is $83,546):
- Compensation: $272,524
- Related: $0
- Other: $9,629
- Compensation: $73,091
- Related: $0
- Other: $10,455
- Compensation: $0
- Related: $51,679
- Other: $15,503
- Compensation: $0
- Related: $51,679
- Other: $15,503
- Compensation: $0
- Related: $51,679
- Other: $15,503
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.grace-inc.org
Where can I find the form 990 for Grace?
Grace's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grace-inc.org
Learn more at the official website: www.grace-inc.org
Mission Statement of Grace
Grace, a nonprofit organization, is committed to addressing the essential needs of individuals living in poverty and strives to make a positive impact in the lives of low-income families and their children. Its mission is twofold: firstly, Grace engages in research to develop a policy approach aimed at reducing child and family poverty in California. This involves collaborating with academic institutions and other experts to devise effective strategies. Secondly, Grace convenes stakeholders to further develop and implement this approach, ensuring that all relevant parties are involved in the process.
In addition to its research and stakeholder engagement efforts, Grace also focuses on public education about child and family poverty in California. The organization implements a plan to raise awareness among the general public, aiming to foster a better understanding of the challenges faced by low-income families. By taking a comprehensive approach that combines research, collaboration, and public education, Grace seeks to make a significant difference in the lives of those living in poverty.
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Impact
July, 2024
Grace's impact is significant in addressing the vital needs of people living in poverty, particularly in California. By conducting research and developing a policy approach to reducing child and family poverty, Grace is actively working towards making a positive difference in the lives of low-income families and their children. Through collaboration with academic institutions, experts, and stakeholders, Grace is implementing plans to educate the general public about the issue of child and family poverty in California. Their work is instrumental in creating awareness and advocating for change to improve the lives of those affected by poverty.
This information is meant to be a general summary of Grace. 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.
- Gross Receipts: $907,419
Assets and Liabilities:
- Total Assets: $837,227
- Total Liabilities: $101,367
- Net Assets: $735,860
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Organization Details
Founding Year
2013
Phone
(626) 356-4205Principal Officer
Shimica Gaskins
Main Address
85 SOUTH GRAND AVENUE, PASADENA, CA, 91105
Website
www.grace-inc.orgNTEE Category
Code: X22 - Religion related
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