Grace Community School
- Assets
- $457.9k
- Revenue
- $617.7k
- Investments
- $0.0
- Employees
- 18
- Location
- Delaware, OH
- Founding
- 06/2008
- Data as of
- 08/2023
- EIN
- 20-5280265
Organization Overview
Grace Community School is located in Delaware, OH. The organization was established in 2008. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Grace Community School employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Community School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Grace Community School generated $617.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $631.6k during the year ending 08/2023. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, PROMOTE & OPERATE A CHRISTIAN SCHOOL. THE SCHOOL'S ELEMENTARY ENROLLMENT WAS 118 STUDENTS WHO WERE TAUGHT FOR 180 DAYS BY 11 FULL-TIME TEACHERS.THE STUDENTS WERE REQUIRED TO SUCCESSFULLY MASTER ( ACCORDING TO A GRADING SCALE) THEEDUCATIONAL CURRICULUM TO PASS TO THE NEXT GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL INSTRUCTION TO ELEMENTARY AND MIDDLE SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Kennedy President | OfficerTrustee | 1 | $0 |
Matthew Hall Vice President | OfficerTrustee | 1 | $0 |
Matt Warner Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,941 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,747 |
| Total Program Service Revenue | $471,506 |
| Investment income | $387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,687 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $30,664 |
| Fees for services: Management | $1,294 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $783 |
| Advertising and promotion | $2,581 |
| Office expenses | $2,411 |
| Information technology | $1,239 |
| Royalties | $0 |
| Occupancy | $17,292 |
| Travel | $90 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,065 |
| Interest | $30,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,347 |
| Insurance | $8,207 |
| All other expenses | $4,959 |
| Total functional expenses | $631,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $448,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,930 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $396,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $396,570 |
| Net assets without donor restrictions | $61,360 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $457,930 |