Form 990 for tax year 2022
Filed by LEGACY OF GRACE SCHOOL TUITION ORGANIZATION INC.
Totals
- Total revenue
- $551,213
- Total expenses
- $483,044
- Contributions and grants received
- $547,795
- Grants paid
- $462,090
- Program service revenue
- $0
- Investment income
- $3,418
- Other revenue
- $0
- Total assets, end of year
- $572,432
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $572,432
- Program services expenses (Part IX)
- $462,090
- Management and general expenses
- $20,954
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $462,090
Program services were 95.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$547,795
-
1g · Noncash contributions included above
$108,291
-
3 · Investment income
total $3,418 · excluded $3,418
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $462,090 · program services $462,090
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,155 · management and general $1,155
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $5,225 · management and general $5,225
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $14,549 · management and general $14,549
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: BANK FEES
total $25 · management and general $25
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $24,263 · end of year $7,432
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $480,000 · end of year $565,000
-
27 · Net assets without donor restrictions
beginning of year $128,185 · end of year $79,417
-
28 · Net assets with donor restrictions
beginning of year $376,078 · end of year $493,015
Mission and programs · 2022
Mission
To solicit contributions from the general public in order to provide scholarships to families to assist with tuition costs in grades K-12 of accredited, non-public schools located in the State of Iowa.
-
Legacy of Grace School Tuition Organization, Inc. provided scholarships to eligible students attending nonpublic K-12 schools in the state of Iowa which are accredited under Iowa Code section 256.11 and adheres to the provisions of the federal Civil Rights Act of 1964 and chapter 216. An "Eligible student" is a student who is a member of a household whose total annual income during the calendar year before the student receives a tuition grant does not exceed an amount equal to four times the most recently published federal poverty guidelines in the federal register by the United States department of health and human services.The Organization distributed $451,200 in the form of scholarships. Scholarship distributions were made directly to 7 accredited, non-public schools located in the State of Iowa to provide tuition assistance for students from eligible families as described above.The Organization distributed $10,890 in the form of donations to unrelated, not-for-profit organizations promoting private education in Iowa.
Expenses $462,090 · Grants $462,090
As filed on the 2022 return.
Listed in Part VII
-
Joel GroenenboomJOEL GROENENBOOM
President
- Total calculated
- $0
- Hours/week
- 1
-
Kody RoosKODY ROOS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Kurtis De BruinKURTIS DE BRUIN
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mike Ver MeerMIKE VER MEER
Past President
- Total calculated
- $0
- Hours/week
- 2
-
Brian WhiteBRIAN WHITE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Elden Van ZeeELDEN VAN ZEE
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Angie BurnhanANGIE BURNHAN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark DevriesMARK DEVRIES
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$152,000
TO PROVIDE STUDENT SCHOLARSHIPS
-
$128,640
TO PROVIDE STUDENT SCHOLARSHIPS
-
$57,600
TO PROVIDE STUDENT SCHOLARSHIPS
-
$39,680
TO PROVIDE STUDENT SCHOLARSHIPS
-
$35,840
TO PROVIDE STUDENT SCHOLARSHIPS
-
$20,800
TO PROVIDE STUDENT SCHOLARSHIPS
-
$16,640
TO PROVIDE STUDENT SCHOLARSHIPS
-
$5,445
PRIVATE EDUCATION SERVICE SUPPORT
-
$5,445
PRIVATE EDUCATION SERVICE SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349302296
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