Grace Institute Of New York Inc

Organization Overview

Grace Institute Of New York Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Grace Institute Of New York Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Institute Of New York 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 Institute Of New York Inc generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EMPOWERING UNDERSERVED WOMEN IN THE NY AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2023, GRACE INSTITUTE SERVED 210 WOMEN THROUGH OUR WORKFORCE TRAINING PROGRAMS AND SUCCESSFULLY GRADUATED 183 (87%). WE WILL PLACE 75% OF OUR GRADUATES IN A VARIETY OF INDUSTRIES INCLUDING HEALTH CARE, LEGAL, HOSPITALITY AND NONPROFIT. OUR GRADUATES WILL INCREASE THEIR PERSONAL INCOME FIVE FOLD AFTER COMPLETING THE PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Patricia Montgomerie
Chair
$0
Iva Vukina
Secretary
$0
Brendan Doyle
Treasurer
$0
Katia Bouazza
Director
$0
Patrick Grace
Director
$0
Suzanne Lindquist
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$251,535
Related organizations$0
Government grants $549,090
All other contributions, gifts, grants, and similar amounts not included above$2,935,334
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,735,959
Total Program Service Revenue$2,465
Investment income $32,683
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $81,000
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 $3,852,158

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