Overview
What is Grace Institute Of New York Inc?
Grace Institute of New York Inc is a nonprofit organization located in New York City, specifically at 40 Rector Street 14th Floor. Their primary mission is to empower underserved women in the New York area, enabling them to secure employment and attain financial independence. The organization provides a supportive and structured environment, offering job skills training, counseling, placement services, and continuous learning opportunities. In 2022, they served 201 women through their workforce training programs and successfully graduated 167 of them, with plans to place 75% of these graduates in various industries such as healthcare, legal, hospitality, and nonprofit. Upon completing the program, the women are expected to see their personal income increase significantly. The institute's mission is to help these women recognize their inner strength, resilience, and potential, ultimately leading to upwardly mobile employment.
Official website here: www.graceinstitute.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Grace Institute of New York Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and finance. With a score of 97 in accountability and finance, the organization demonstrates robust governance practices including a fully independent board and comprehensive financial oversight mechanisms. Its low liabilities to assets ratio and high program expense ratio indicate efficient fund management and a commitment to its mission.
In addition to its financial strengths, the organization excels in culture and community engagement with a score of 87. Grace Institute actively collects and utilizes constituent feedback, achieving perfect scores in areas related to feedback collection and usage. This suggests that the organization prioritizes the voices of those it serves, enhancing its effectiveness and responsiveness to community needs.
While the organization demonstrates a strong commitment to equity strategies with a score of 81, there may still be areas for improvement in this aspect. Overall, Grace Institute of New York Inc stands out for its strong governance, financial health, and community engagement practices, making it a reliable choice for potential donors and volunteers.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Institute Of New York Inc legitimate?
Grace Institute Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Institute Of New York 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: $234,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,797,072
For more financial information, click here
Official website here: www.graceinstitute.org
What is the mission statement of Grace Institute Of New York Inc?
Grace Institute of New York Inc's mission is centered around empowering underprivileged women in the community to achieve financial independence through employment. Within a supportive and structured environment, the institution provides job skills training, counseling, placement services, and continuous learning opportunities. These offerings aim to propel participants towards upwardly mobile employment, enabling them to recognize their inherent strength, resilience, and limitless potential.
Official website here: www.graceinstitute.org
Who is the CEO of Grace Institute Of New York Inc?
Danae Mcleod is the CEO of Grace Institute Of New York Inc The CEO's salary of Grace Institute Of New York Inc is $219,106 and their total compensation is $234,548.
Official website here: www.graceinstitute.org
What is the revenue of Grace Institute Of New York Inc?
Grace Institute Of New York Inc's revenue in 2023 was $3,852,158.
Official website here: www.graceinstitute.org
Who are the executives of Grace Institute Of New York Inc and what are their salaries?
The average compensation at Grace Institute Of New York Inc during 2023 was $75,245. There are 27 employees and 82 volunteers at Grace Institute Of New York Inc.
Here are 20 key members and their salaries (Grace Institute Of New York Inc's CEO's salary is $219,106 and their total compensation is $234,548):
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- Compensation: $106,000
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- Other: $9,600
Official website here: www.graceinstitute.org
Where can I find the form 990 for Grace Institute Of New York Inc?
Grace Institute Of New York Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.graceinstitute.org
Learn more at the official website: www.graceinstitute.org
Mission Statement of Grace Institute Of New York Inc
Grace Institute of New York Inc is committed to empowering underserved women in the New York area, enabling them to achieve employment and economic self-sufficiency. Through a supportive and structured environment, the organization provides job-skills training, counseling, placement services, and continuous learning opportunities. This comprehensive approach aims to help participants tap into their inherent strength, resilience, and limitless potential, ultimately leading to upwardly mobile employment. By offering these services, Grace Institute of New York Inc enables women to transform their lives and secure a stable future for themselves.
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Impact
July, 2024
Grace Institute Of New York Inc is making a significant impact by empowering underserved women in the New York area to achieve employment and economic self-sufficiency. In 2022, the institute served 201 women through their workforce training programs and successfully graduated 167, representing an impressive 83% graduation rate. They aim to place 75% of their graduates in various industries such as healthcare, legal, and hospitality. After completing the program, Grace Institute's graduates are expected to increase their personal income fivefold.
Through a supportive and structured environment, Grace Institute provides job-skills training, counseling, placement services, and continuous learning opportunities that lead to upwardly mobile employment. By offering these critical services, participants can realize their inherent strength, resilience, and limitless potential. Grace Institute's dedication to empowering women in the workforce is commendable and has a tangible impact on the lives of those they serve.
This information is meant to be a general summary of Grace Institute Of New York 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 2023.
- Investment Income: $32,683
- Program Service Revenue: $2,465
- Gross Receipts: $3,885,794
Assets and Liabilities:
- Total Assets: $2,726,623
- Total Liabilities: $37,517
- Net Assets: $2,689,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$2,465
Organization Details
Founding Year
2015
Principal Officer
Danae Mcleod
Website
www.graceinstitute.orgNTEE Category
Code: J30 - Employment
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