Saving Grace Academy is located in Reno, NV. The organization was established in 2019. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Saving Grace Academy employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saving Grace Academy 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 12/2022, Saving Grace Academy generated $221.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 67.1% each year . All expenses for the organization totaled $166.9k during the year ending 12/2022. While expenses have increased by 53.6% per year over the past 2 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
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AFFORDABLE TO NO-COST CHILD CARE/LEARNING FOR PRE-K CHILDREN. WE STRIVE TO GIVE YOUNG MINDS A HEAD START IN EDUCATION TO ENABLE THEM TO BEGIN THEIR EDUCATION CAREER ALREADY KNOWING A LOT OF WHAT IS TAUGHT IN KINDERGARTEN. WE FOCUS ON THE HIGHER RISK/ LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAST YEAR SAVING GRACE HAS GRADUATED TO KINDERGARTEN 4 CHILDREN. THESE CHILDREN ENTERED KINDERGARTEN READING AND KNOWING BASIC ARITHMETIC. THE CHILDREN ARE TAUGHT SOCIAL SKILLS ON USING WORDS INSTEAD OF BODY TO CONVEY THEIR FEELINGS. SAVING GRACE ACADEMY IS A RELIGIOUS BASED PRESCHOOL. THIS PROGRAM HAS CONTINUED PROVIDING SERVICES TO FAMILIES WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD PROPER CARE FOR THEIR CHILDREN WHILE THEY WORK
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sue Wolcott-Whitten Executive Director | Officer | 50 | $41,803 |
Cynthia Hernandez Teacher | Officer | 35 | $29,486 |
Christina Schening Secretary | Officer | 0 | $0 |
Scott Mattson Treasurer | Officer | 1 | $0 |
Lauren Johnson President | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $164,604 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $164,604 |
Total Program Service Revenue | $56,554 |
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 | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $221,158 |
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. | $99,203 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $20,990 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $337 |
Office expenses | $6,319 |
Information technology | $1,838 |
Royalties | $0 |
Occupancy | $14,380 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,731 |
All other expenses | $15,952 |
Total functional expenses | $166,900 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $47,771 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,814 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $775 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $5,424 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $56,784 |
Accounts payable and accrued expenses | $546 |
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 | $848 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,394 |
Net assets without donor restrictions | $0 |
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 | $52,692 |
Retained earnings, endowment, accumulated income, or other funds | $2,698 |
Total liabilities and net assets/fund balances | $56,784 |
Over the last fiscal year, we have identified 1 grants that Saving Grace Academy has recieved totaling $20.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Organization Name | Assets | Revenue |
---|---|---|
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
Kidango Inc Fremont, CA | $26,486,098 | $60,250,017 |
Wu Yee Childrens Services San Francisco, CA | $6,752,580 | $40,253,785 |
Community Child Care Coordinating Council Of Alameda County Hayward, CA | $5,365,652 | $37,609,581 |
Pathways La Los Angeles, CA | $7,866,630 | $33,308,303 |
Community Child Care Council Of Sonoma County Inc Santa Rosa, CA | $6,379,645 | $25,248,101 |
Bananas Incorporated Oakland, CA | $7,952,890 | $24,289,933 |
Central Valley Childrens Services Network Fresno, CA | $5,032,577 | $21,440,109 |
Creative Alternatives Turlock, CA | $16,460,273 | $17,191,691 |
Central California Child Development Services Ceres, CA | $5,867,759 | $17,911,125 |
Child Care Coordinating Council Of San Mateo County Inc Redwood City, CA | $6,695,792 | $17,903,623 |
Sjb Child Development Centers San Jose, CA | $5,435,445 | $16,724,123 |