Legacy Of Grace School Tuition Organization Inc

Organization Overview

Legacy Of Grace School Tuition Organization Inc is located in Oskaloosa, IA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Of Grace School Tuition Organization Inc 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 06/2022, Legacy Of Grace School Tuition Organization Inc generated $420.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $465.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Legacy Of Grace School Tuition Organization Inc has awarded 71 individual grants totaling $4,211,339. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT CONTRIBUTIONS FROM THE GENERAL PUBLIC IN ORDER TO PROVIDE SCHOLARSHIPS TO FAMILIES TO ASSIST WITH TUITION COSTS IN GRADES K-12 OF ACCREDITED, NON-PUBLIC SCHOOLS LOCATED IN THE STATE OF IOWA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEGACY OF GRACE SCHOOL TUITION ORGANIZATION, INC. PROVIDED SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING NONPUBLIC K-12 SCHOOLS IN THE STATE OF IOWA WHICH ARE ACCREDITED UNDER IOWA CODE SECTION 256.11 AND ADHERES TO THE PROVISIONS OF THE FEDERAL CIVIL RIGHTS ACT OF 1964 AND CHAPTER 216. AN "ELIGIBLE STUDENT" IS A STUDENT WHO IS A MEMBER OF A HOUSEHOLD WHOSE TOTAL ANNUAL INCOME DURING THE CALENDAR YEAR BEFORE THE STUDENT RECEIVES A TUITION GRANT DOES NOT EXCEED AN AMOUNT EQUAL TO FOUR TIMES THE MOST RECENTLY PUBLISHED FEDERAL POVERTY GUIDELINES IN THE FEDERAL REGISTER BY THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES.THE ORGANIZATION DISTRIBUTED $450,984 IN THE FORM OF SCHOLARSHIPS. SCHOLARSHIP DISTRIBUTIONS WERE MADE DIRECTLY TO 7 ACCREDITED, NON-PUBLIC SCHOOLS LOCATED IN THE STATE OF IOWA TO PROVIDE TUITION ASSISTANCE FOR STUDENTS FROM ELIGIBLE FAMILIES AS DESCRIBED ABOVE.THE ORGANIZATION DISTRIBUTED $8,264 IN THE FORM OF DONATIONS TO UNRELATED, NOT-FOR-PROFIT ORGANIZATIONS PROMOTING PRIVATE EDUCATION IN IOWA.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Ver Meer
President
$0
Kurtis DE Bruin
Secretary
$0
Elden Van Zee
Treasurer
$0
Joel Groenenboom
Trustee At Larg
$0
Brenda DE Nooy
Trustee
$0
Danya Crites
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$418,864
Noncash contributions included in lines 1a–1f $106,606
Total Revenue from Contributions, Gifts, Grants & Similar$418,864
Total Program Service Revenue$0
Investment income $1,794
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $420,658

Grants Awarded

Over the last fiscal year, Legacy Of Grace School Tuition Organization Inc has awarded $450,984 in support to 7 organizations.

Grant RecipientAmount

OSKALOOSA CHRISTIAN SCHOOL

Org PageRecipient Profile

Oskaloosa, IA

PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS

$132,204

PELLA CHRISTIAN HIGH SCHOOL

Org PageRecipient Profile

Pella, IA

PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS

$131,652

OTTUMWA CHRISTIAN SCHOOL

PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS

$62,928

NEWTON CHRISTIAN SCHOOL

Org PageRecipient Profile

Newton, IA

PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS

$40,572

CENTRAL IOWA CHRISTIAN

Org PageRecipient Profile

Grinnell, IA

PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS

$38,088

PEORIA CHRISTIAN SCHOOL

Org PageRecipient Profile

Pella, IA

PURPOSE: TO PROVIDE STUDENT SCHOLARSHIPS

$30,912
View Grant Profile

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