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← GRACE FOUNDATION FOR HEALTH WELLNESS & EDUCATION

Form 990 for tax year 2024

Filed by GRACE FOUNDATION FOR HEALTH WELLNESS & EDUCATION.

Totals

Total revenue
$0
Total expenses
$319,015
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$631,999
Total liabilities, end of year
$1,160,526
Net assets or fund balances, end of year
-$528,527
Program services expenses (Part IX)
$236,501
Management and general expenses
$82,514
Fundraising expenses
$0
Program service expenses (Part III)
$236,501

Program services were 74.1% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $65,549 · management and general $65,549

  • 23 · Insurance

    total $16,965 · management and general $16,965

  • 24a · Other expenses: INVESTMENT IN SHL

    total $236,501 · program services $236,501

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $236,839 · end of year $338

  • 15 · Other assets

    beginning of year $684,580 · end of year $631,661

  • 25 · Other liabilities

    beginning of year $1,130,931 · end of year $1,160,526

  • 27 · Net assets without donor restrictions

    beginning of year -$209,512 · end of year -$528,527

Mission and programs · 2024

Mission

TO BE A SUPPORTING ORGANIZATION TO 501(C)(3) ORGANIZATIONS INCLUDING GRACE HOSPITAL, SPECIALTY HOSPITAL OF LORAIN, AND SUCH OTHER 501(C)(3) ORGANIZATIONS AS MAY BE DESIGNATED FROM TIME TO TIME. THE PURPOSES OF THE ORGANIZATION INCLUDE TO PROVIDE ADMINISTRATIVE AND SUPPORT SERVICES TO ASSIST GRACE HOSPITAL, SPECIALTY AND OTHER ORGANIZATIONS AS MAY BE DESIGNATED FROM TIME TO TIME, TO ADVANCE AWARENESS OF THE NEEDS FOR PRESERVATION OF HEALTH AND THE RENDERING OF CARE TO THE SICK AND INJURED, TO CARRY ON EDUCATIONAL ACTIVITIES AND SCIENTIFIC RESEARCH THAT PROMOTES THE PRESERVATION OF HEALTH OR RENDERING OF CARE TO THE SICK AND INJURED, TO ASSIST IN THE RECRUITMENT AND SELECTION OF VOLUNTEER TRUSTEES FOR GRACE HOSPITAL, SPECIALTY AND OTHER NON-PROFIT ORGANIZATIONS, AND TO PROVIDE FUNDING TO ASSIST GRACE HOSPITAL, SPECIALTY AND OTHER NON-PROFIT ORGANIZATIONS, AS MAY BE DESIGNATED FROM TIME TO TIME, IN CARRYING OUT THEIR MISSIONS.

Activities or mission (Part I)

TO SUPPORT GRACE HOSPITAL AND SPECIALTY HOSPITAL OF LORAIN.

  • SUPPORTING ORGANIZATION TO GRACE HOSPITAL AND SPECIALTY HOSPITAL OF LORAIN.

    Expenses $236,501

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DEACON CHRISTOPHER DEPENTI

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • THOMAS COOK

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEFFREY L CLOSE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BASEL ALTAQI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAUL C VENIZELOS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GERALD L JEPPE

    DIRECTOR (LEFT 3/25)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV JOSEPH D MCNULTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHELLE HENNIS

    INTERIM PRESIDENT AND CEO

    Total calculated
    $173,194
    From this org
    $0
    From related orgs
    $163,101
    Other
    $10,093
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,101 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,093 related
    Filer's total
    $0 + $173,194 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • THE GRACE CENTER PROPERTY LLC

    EXCLUDED · REAL ESTATE · OH · 99% owned · general or managing partner

    Directly controlled by GRACE CENTER PROPERTY HOLDING LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GRACE CENTER PROPERTY HOLDING LLC

    C · HOLDING COMPANY · OH · 100% owned · share of income -$68,245 · share of assets $2,272,225 · controlled entity

    Directly controlled by THE GRACE FOUNDATION FOR HEALTH WELLNESS & EDUCATION

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202621319349303917

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