Grace Communications Foundation Inc
- Assets
- $114.8m
- Revenue
- $5.2m
- Investments
- $105.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 26-4777735
Organization Overview
Grace Communications Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Communications Foundation 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 12/2023, Grace Communications Foundation Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE FOODPRINT.ORG WEBSITE CONTINUED TO OFFER CONTENT AND RESOURCES ON SUSTAINABILITY THAT FOCUSED ON TOPICS INCLUDING CLIMATE CHANGE, FOOD WASTE, FARMERS' MARKETS, FOOD LABELS AND INDUSTRIAL ANIMAL AGRICULTURE. THE ORGANIZATION PREPARED AN IN-DEPTH REPORT ON PERFLUORINATED "FOREVER" CHEMICALS (PFAS), RAN A CONSUMER AWARENESS CAMPAIGN ON WINTER VEGETABLES, WORKED ON UPDATING ITS REAL FOOD ENCYCLOPEDIA, AND AIRED 4 NEW EPISODES OF ITS PODCAST. IT CONTINUED TO PROVIDE CONTENT FOR CONSUMERS AND STUDENTS SEEKING TO LEARN MORE ABOUT OUR COUNTRY'S FOOD SYSTEM AND HOW TO MAKE CHOICES THAT SUPPORT A MORE SUSTAINABLE ONE, AND IT EXPANDED THE REACH OF THE SITE THROUGH PARTNERSHIPS, IN-PERSON OUTREACH, AND SEO.
THE COMMUNICATIONS PROGRAM CONTINUED TO ADVANCE THE ORGANIZATION'S WORK TO SUPPORT FOOD SYSTEMS CHANGE; IT PRODUCED, EDITED, AND DESIGNED DIGITAL AND PRINT MATERIALS IN THE AREAS OF: FOOD SYSTEMS COMMUNICATIONS; ENVIRONMENTAL JUSTICE; SUSTAINABILITY; AQUACULTURE; PLASTIC POLLUTION; AND OTHER FOOD SYSTEMS-RELATED TOPICS. THE PROGRAM CREATED COMMUNICATIONS MATERIALS FOR DISTRIBUTION ONLINE AND CONVENINGS AND MEETINGS, INCLUDING PRESS RELEASES; SOCIAL MEDIA ASSETS; EMAIL MARKETING ASSETS; BROCHURES; PROMOTIONAL DECKS; AND ONE-PAGERS. IT CONDUCTED OUTREACH WITH FOOD SYSTEMS COLLABORATORS ON DEVELOPMENT PROJECTS INCLUDING THE PRODUCTION OF AN E-NEWSLETTER TO AID IN THE DISSEMINATION OF INFORMATION ABOUT FOOD SYSTEMS AND ENVIRONMENTAL SUSTAINABILITY.
IN 2023 THE MONDAY CAMPAIGNS PROGRAMMING WORKED ON STRATEGIC COMMUNICATIONS TO PROMOTE ITS PUBLIC HEALTH INITIATIVES THROUGH WEEKLY NEWSLETTERS AND ARTICLES AND DAILY SOCIAL MEDIA CONTENT, FOCUSING ON HEALTH EDUCATION, ENVIRONMENTAL CONTENT AND TOPICAL NEWS STORIES, AND COLLABORATED WITH PARTNERS SUCH AS FRIENDS OF THE EARTH, SLOW FOOD, AND KPMG. IT DEVELOPED SPANISH LANGUAGE MATERIALS AND GREW SOCIAL AND DIGITAL CHANNELS ALONG WITH LAUNCHING GOOGLE ADS. IT CONTINUED TO GROW ITS HOSPITAL WELLNESS PROGRAMS WITH NY PRESBYTERIAN, NYU LANGONE, AND MONTEFIORE HEALTH SYSTEM AND WORKED WITH THE NY METROPOLITAN TRANSIT AUTHORITY (MTA) TO DEVELOP WEEKLY MESSAGING FOR ITS 70,000 EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helaine Lerner President, Treasurer, Director | 35 | $16,207 | |
Scott Cullen Vice President, Director, Exec. Dir. | 40 | $440,000 | |
Marjorie Gilbert Secretary, Director | 7 | $0 | |
Brad Goldberg Director | 5 | $0 | |
Judith Labelle Director | 5 | $0 | |
Marnie Sommer Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Berlin Rosen Ltd | 12/30/23 | $402,500 |
Ben Wyskida | 12/30/23 | $80,495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,700,000 |
| Interest on Savings | $155,041 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,309,646 |
| Capital Gain Net Income | $9,361,356 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,163 |
| Total Revenue | $5,209,850 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $456,207 |
| Other employee salaries and wages | $5,455,868 |
| Pension plans, employee benefits | $1,676,589 |
| Interest | $0 |
| Taxes | $135,000 |
| Depreciation | $0 |
| Occupancy | $791,960 |
| Travel, conferences, and meetings | $188,129 |
| Printing and publications | $1,650 |
| Other expenses | $337,391 |
| Total operating and administrative expenses | $9,962,906 |
| Contributions, gifts, grants paid | $37,500 |
| Total expenses and disbursements | $10,000,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,516,383 |
| Savings and temporary cash investments | $4,957,325 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $91,457 |
| Total assets | $114,795,044 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,000 |
| Total liabilities | $12,000 |
Grants Awarded
Over the last fiscal year, Grace Communications Foundation Inc has awarded $37,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS FUNDERS PURPOSE: GENERAL SUPPORT | $27,500 |
EARTH ISLAND INSTITUTE INC PURPOSE: GENERAL SUPPORT | $5,000 |
VIRGINIA ORGANIZING INC PURPOSE: GENERAL SUPPORT | $5,000 |