Overview
What is Grace Inc?
Grace Inc., an Ohio-based nonprofit corporation, is dedicated to offering children a unique educational experience. Their mission is to provide a learning environment tailored to each child's needs, grounded in Christian principles. This nonprofit organization, known as Grace renewing all Christian education (g.r.a.c.eGrace.a.c.e) Inc., is committed to raising children in a nurturing environment that aligns with their beliefs and requirements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
Grace Inc has received a rating of 73% from Charity Navigator, indicating that it has room for improvement in certain areas despite a strong performance in accountability and financial management. The organization boasts a fully independent board, with no material diversion of assets reported, contributing positively to its overall score.
However, several areas of concern have been identified, particularly regarding transparency and governance policies. Missing documents include a conflict of interest policy, whistleblower policy, and website disclosures such as tax forms, which could detract from the organization’s credibility and accountability to its stakeholders.
On a positive note, Grace Inc excels in financial metrics, with a remarkable program expense ratio of 99.54%, indicating that nearly all of its expenses are directed towards its programs. Additionally, the organization maintains a zero liability to assets ratio, showcasing solid financial health. Overall, while Grace Inc demonstrates strengths in financial performance, addressing governance documentation is essential for enhancing its trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Inc legitimate?
Grace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Inc 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 Grace Inc?
Grace Inc's mission is centered around providing an educational environment tailored to the needs of children, grounded in Christian principles. Their objective is to raise children within this setting, fostering their growth and development according to these principles. The organization's mission is to offer children an educational experience that caters to their individual needs, thereby contributing positively to their upbringing.
Who is the CEO of Grace Inc?
David Durnell is the Director of Grace Inc.
What is the revenue of Grace Inc?
Grace Inc's revenue in 2022 was $495,606.
Who are the executives of Grace Inc and what are their salaries?
There 5 volunteers at Grace Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grace Inc?
Grace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Inc
Grace Inc, as a non-profit organization, is committed to providing children with an educational environment that caters to their unique needs and is grounded in Christian principles. The mission of Grace Renewing All Christian Education (G.R.A.C.E) Inc. is to raise up these children within this nurturing and faith-based setting. This mission underscores Grace Inc's dedication to offering a tailored educational experience that is deeply rooted in Christian values, aiming to foster the holistic development of each child.
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Impact
July, 2024
Grace Inc's impact can be seen in the lives of children who are provided the opportunity to be raised up in an educational environment tailored to their needs and founded on Christian principles. Through its mission, Grace Inc is shaping the educational experiences of young individuals in Lakeview, Ohio, with a focus on instilling values and knowledge that go beyond traditional academics. This organization's commitment to supporting children in their growth and development is making a tangible difference in the community by promoting a holistic approach to education.
This information is meant to be a general summary of Grace Inc. 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: $1,206
- Gross Receipts: $495,606
Assets and Liabilities:
- Total Assets: $518,033
- Total Liabilities: $0
- Net Assets: $518,033
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Organization Details
Founding Year
2016
Principal Officer
David Durnell
Main Address
PO Box 227, Lakeview, OH, 43331
NTEE Category
Code: B82 - Education
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