Grace University
- Assets
- $199.0k
- Revenue
- $443.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Laguna Niguel, CA
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-4175694
Organization Overview
Grace University is located in Laguna Niguel, CA. The organization was established in 2018. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Grace University employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace University 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, Grace University generated $443.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $361.8k during the year ending 12/2022. 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
GRACE UNIVERSITY IS A DENOMINATIONAL NON-PROFIT, POSTSECONDARY FAITH-BASED EDUCATIONAL INSTITUTION. GRACE UNIVERSITY STRIVES TO BE A LEADER IN THEDEVELOPMENT AND EXECUTION OF CHRISTIAN-IMBUED EDUCATIONAL EXPERIENCES FORINDIVIDUALS THAT THEY CAN USE TO MAKE A SIGNIFICANT IMPACT ON THE WORLD THROUGHTHEIR PERSONAL AND PROFESSIONAL EXCELLENCE. GRACE UNIVERSITY SEEKS FULFILL ITSMISSION BY PROVIDING A VARIETY OF LIFELONG OPPORTUNITIES FOR INDIVIDUALS THATINCLUDE BACHELOR'S AND MASTER'S DEGREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRACE UNIVERSITY IS A DENOMINATIONAL NON-PROFIT, POSTSECONDARY FAITH-BASED EDUCATIONAL INSTITUTION. GRACE UNIVERSITY STRIVES TO BE A LEADER IN THEDEVELOPMENT AND EXECUTION OF CHRISTIAN-IMBUED EDUCATIONAL EXPERIENCES FORINDIVIDUALS THAT THEY CAN USE TO MAKE A SIGNIFICANT IMPACT ON THE WORLD THROUGHTHEIR PERSONAL AND PROFESSIONAL EXCELLENCE. GRACE UNIVERSITY SEEKS FULFILL ITSMISSION BY PROVIDING A VARIETY OF LIFELONG OPPORTUNITIES FOR INDIVIDUALS THATINCLUDE BACHELOR'S AND MASTER'S DEGREES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Woo CFO | Trustee | 40 | $80,000 |
John Charity Vice President | Trustee | 40 | $39,000 |
Scott Schrader President | Trustee | 40 | $9,000 |
Robert Evans Chairman | Trustee | 40 | $0 |
Ken Novak Secretary | Trustee | 40 | $0 |
Joyce Lu Director | Trustee | 40 | $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 | $130,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,075 |
| Total Program Service Revenue | $313,572 |
| 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 | $443,647 |
| 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. | $128,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $208 |
| Insurance | $876 |
| All other expenses | $37,660 |
| Total functional expenses | $361,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $296 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,100 |
| Total assets | $198,977 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,999 |
| Total liabilities | $20,999 |
| Net assets without donor restrictions | $177,978 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $198,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Packard Humanities Institute Los Altos, CA | $863,900,364 | $102,577,308 |
Ayn Rand Institute The Center For The Advancement Of Objectivism Santa Ana, CA | $17,620,667 | $17,085,722 |
Claremont Inst For The Study Of Statesmanship & Polit Philosophy Upland, CA | $14,003,298 | $9,466,224 |
California Humanities Oakland, CA | $2,781,512 | $6,891,682 |
Aha Punana Leo Hilo, HI | $23,875,245 | $6,915,753 |
Partners Asia Oakland, CA | $6,552,828 | $5,792,880 |
Literary Arts Inc Portland, OR | $14,485,873 | $11,203,520 |
Library Foundation Inc Serving The People Of Multnomah County Portland, OR | $22,669,861 | $3,134,177 |
Get Lit Words Ignite Inc Los Angeles, CA | $1,330,397 | $2,322,954 |
Society For Creative Anachronism Inc San Jose, CA | $6,483,503 | $1,391,085 |
Asian Pacific Institute On Gender-Based Violence Oakland, CA | $515,688 | $1,708,443 |
Wang Mo-Jen & Wang Chou An-Yi World Chinese Literature Prize Foundati San Francisco, CA | $2,890,895 | $451,863 |