Grace Community School
- Assets
- $467.7k
- Revenue
- $558.2k
- Investments
- $0.0
- Employees
- 21
- Location
- Delaware, OH
- Founding
- 06/2008
- Data as of
- 08/2022
- 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 08/2022, Grace Community School employed 21 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 08/2022, Grace Community School generated $558.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $565.2k during the year ending 08/2022. While expenses have increased by 3.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH, MAINTAIN, PROMOTE & OPERATE A CHRISTIAN SCHOOL. THE SCHOOL'S ELEMENTARY ENROLLMENT WAS 119 STUDENTS WHO WERE TAUGHT FOR 180 DAYS BY 12 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 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 | $71,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,316 |
| Total Program Service Revenue | $447,297 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $558,174 |
| 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 | $399,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,339 |
| Fees for services: Management | $350 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $816 |
| Advertising and promotion | $6,151 |
| Office expenses | $6,212 |
| Information technology | $3,302 |
| Royalties | $0 |
| Occupancy | $16,692 |
| Travel | $268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,632 |
| Interest | $18,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,251 |
| Insurance | $6,583 |
| All other expenses | $7,858 |
| Total functional expenses | $565,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,215 |
| 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 | $458,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,702 |
| 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 | $391,572 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $961 |
| Total liabilities | $392,533 |
| Net assets without donor restrictions | $75,169 |
| 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 | $467,702 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grace Community School has recieved totaling $187.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cranbrook Educational Community Bloomfield Hills, MI | $429,134,973 | $86,571,216 |
Collegium Charter School Exton, PA | $94,797,177 | $61,790,179 |
Episcopal Academy Newtown Square, PA | $290,673,894 | $56,548,486 |
Springside Chestnut Hill Academy Philadelphia, PA | $140,509,475 | $49,945,250 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Detroit Country Day School Beverly Hills, MI | $149,218,548 | $52,745,036 |
University School Shaker Heights, OH | $196,923,470 | $66,975,999 |
Shady Side Academy Pittsburgh, PA | $133,159,735 | $43,966,956 |
Columbus Academy Gahanna, OH | $107,517,374 | $39,084,449 |