Grace Medical Institute
- Assets
- $0.0
- Revenue
- $2.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mukilteo, WA
- Founding
- 02/2016
- Data as of
- 12/2020
- EIN
- 47-2679198
Organization Overview
Grace Medical Institute is located in Mukilteo, WA. The organization was established in 2016. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations.
For the year ending 12/2020, Grace Medical Institute generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.5%) each year. All expenses for the organization totaled $2.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (36.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $44 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,073 |
| Total operating and administrative expenses | $2,117 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Grace Medical Institute has awarded $878 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
YONG SIK CHANG PURPOSE: TO ASSIST MEDICALTREATMENT BILL | $100 |
CHONG B YI PURPOSE: TO ASSIST MEDICALTREATMENT BILL | $400 |
BETTY YOO PURPOSE: TO ASSIST MEDICALTREATMENT BILL | $154 |
MIKE M EM PURPOSE: TO ASSIST MEDICALTREATMENT BILL | $224 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Pediatric Neuro-Oncology Consortium Foundati San Rafael, CA | $1,123,817 | $2,276,608 |
Childrens Brain Disease Foundation San Francisco, CA | $8,786,115 | $391,448 |
Karlsson Foundation For Psychoanalysis Campbell, CA | $950,235 | $563,982 |
Brain Rehabilitation And Injury Network Cypress, CA | $954,176 | $500,310 |
Irvine Head And Neck Research Foundation Anaheim, CA | $0 | $10,044 |
National Organization Of Disorders Of The Corpus Callosum Yorba Linda, CA | $515,039 | $215,829 |
Brain Mapping Medical Research Organization Los Angeles, CA | $2,561,490 | $1,885,232 |