Totals
- Total revenue
- $1,399,530
- Total expenses
- $1,395,592
- Contributions and grants received
- $1,313,404
- Grants paid
- $0
- Program service revenue
- $4,165
- Investment income
- $112,442
- Other revenue
- -$30,481
- Total assets, end of year
- $4,714,110
- Total liabilities, end of year
- $34,498
- Net assets or fund balances, end of year
- $4,679,612
- Program services expenses (Part IX)
- $1,092,954
- Management and general expenses
- $191,392
- Fundraising expenses
- $111,246
- Program service expenses (Part III)
- $1,092,954
Program services were 78.3% 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.
-
1c · Fundraising events
$496,792
-
1e · Government grants (contributions)
$6,713
-
1f · All other contributions, gifts and grants
$809,899
-
1g · Noncash contributions included above
$142,874
-
2a · Program service revenue: STUDENT ACTIVITY FEES
total $4,165 · related or exempt $4,165
-
3 · Investment income
total $129,964 · excluded $129,964
-
7a · Gross sales of assets other than inventory
securities $552,030 · other assets $4,000
-
7b · Less cost or other basis and sales expenses
securities $573,519 · other assets $33
-
7c · Gain or loss
securities -$21,489 · other assets $3,967
-
7d · Net gain or loss
total -$17,522 · excluded -$17,522
-
8a · Fundraising events: gross income
$17,915
-
8a · Fundraising events: contributions included on line 1c
$496,792
-
8b · Fundraising events: direct expenses
$48,396
-
8c · Net income from fundraising events
total -$30,481 · excluded -$30,481
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $136,533 · program services $102,400 · management and general $20,480 · fundraising $13,653
-
7 · Other salaries and wages
total $628,897 · program services $471,673 · management and general $94,335 · fundraising $62,889
-
8 · Pension plan contributions
total $6,914 · program services $5,186 · management and general $1,037 · fundraising $691
-
9 · Other employee benefits
total $37,730 · program services $28,298 · management and general $5,660 · fundraising $3,772
-
10 · Payroll taxes
total $60,235 · program services $45,176 · management and general $9,035 · fundraising $6,024
-
11c · Fees: accounting
total $2,800 · management and general $2,800
-
11f · Fees: investment management
total $16,867 · management and general $16,867
-
11g · Fees: other
total $2,655 · management and general $2,655
-
12 · Advertising and promotion
total $9,096 · program services $5,458 · management and general $2,729 · fundraising $909
-
13 · Office expenses
total $85,078 · program services $42,539 · management and general $21,270 · fundraising $21,269
-
16 · Occupancy
total $106,617 · program services $106,617
-
17 · Travel
total $1,833 · program services $1,833
-
19 · Conferences, conventions and meetings
total $1,196 · program services $1,196
-
22 · Depreciation, depletion and amortization
total $36,720 · program services $31,212 · management and general $5,508
-
23 · Insurance
total $18,496 · program services $15,722 · management and general $2,774
-
24a · Other expenses: EDUCATION PROGRAMS AND
total $91,930 · program services $91,930
-
24b · Other expenses: FELLOWS EXPENSE
total $56,257 · program services $56,257
-
24c · Other expenses: GRADUATION SUPPORT PROG
total $51,965 · program services $51,965
-
24d · Other expenses: ADVANCEMENT AND NETWORK
total $20,393 · program services $12,236 · management and general $6,118 · fundraising $2,039
-
24e · All other expenses
total $23,380 · program services $23,256 · management and general $124
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,386 · end of year -$9,505
-
2 · Savings and temporary cash investments
beginning of year $1,015,760 · end of year $727,313
-
4 · Accounts receivable
beginning of year $158,586 · end of year $947
-
9 · Prepaid expenses and deferred charges
beginning of year $5,654 · end of year $12,932
-
10a · Land, buildings and equipment: cost or other basis
$335,161
-
10b · Land, buildings and equipment: accumulated depreciation
$112,180
-
10c · Land, buildings and equipment, net
beginning of year $259,734 · end of year $222,981
-
11 · Investments: publicly traded securities
beginning of year $2,906,481 · end of year $3,759,442
-
17 · Accounts payable and accrued expenses
beginning of year $47,373 · end of year $34,498
-
27 · Net assets without donor restrictions
beginning of year $4,138,014 · end of year $4,420,076
-
28 · Net assets with donor restrictions
beginning of year $198,214 · end of year $259,536
Mission and programs · 2022
Mission
GRACE ACADEMY IS AN INDEPENDENT, INTERFAITH, TUITION-FREE MIDDLE SCHOOL FOR GIRLS FROM UNDERSERVED FAMILIES IN THE CITY OF HARTFORD. WE TRANSFORM THE LIVES OF OUR STUDENTS BY PROVIDING THEM WITH INDIVIDUALIZED ATTENTION, A CHALLENGING AND DIVERSE ACADEMIC PROGRAM, AND A SAFE AND INSPIRING ENVIRONMENT THAT PREPARES GIRLS TO SUCCEED IN HIGH SHOOL, COLLEGE AND LIFE.
-
ACADEMICS: ACADEMICS ARE THE CORNERSTONE OF A GRACE ACADEMY EDUCATION. THE FACULTY IS ALWAYS MINDFUL THAT THEY ARE PREPARING THEIR YOUNG STUDENTS TO SUCCEED IN DEMANDING HIGH SCHOOL AND COLLEGE PROGRAMS. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A CHALLENGING ACADEMIC CURRICULUM THAT INCLUDES LANGUAGE ARTS AND READING, MATHEMATICS, SCIENCE, SOCIAL STUDIES, SPANISH, RELIGION, MEDIA/TECHNOLOGY, HEALTH, ART AND MUSIC; AN INTENTIONALLY SMALL COMMUNITY WITH SMALL, STRUCTURED CLASSES TO FOSTER AS MUCH INDIVIDUAL ATTENTION AS POSSIBLE; A HOMEWORK BLOCK OF TIME WITH INDIVIDUAL TUTORING AVAILABLE; AND FORMAL PROGRESS REPORTS AND REPORT CARD SESSIONS WITH THE PARENTS.
Expenses $1,040,989 · Revenue $4,165
-
GRADUATE SUPPORT PROGRAM: GRACE ACADEMY'S GOAL IS THAT ALL OF ITS STUDENTS SUCCESSFULLY GRADUATE FROM A SELECTIVE, HIGHLY REGARDED, COLLEGE PREPARATORY HIGH SCHOOL, AND CONTINUE ON TO POST-SECONDARY EDUCATION SO THEY ARE IN THE POSITION TO SUPPORT THEMSELVES, THEIR FAMILIES, AND HELP CHANGE THEIR COMMUNITIES. THE GRADUATE SUPPORT PROGRAM HELPS FACILITATE A SMOOTH AND SUCCESSFUL TRANSITION INTO PRIVATE OR COMPETITIVE PUBLIC CHARTER/MAGNET SCHOOLS BY PROVIDING ASSISTANCE WITH SSAT PREP CLASSES, HIGH SCHOOL SELECTION, APPLICATION, REGISTRATION, AND FINANCIAL AID COUNSELING; MONITORING ACADEMIC PROGRESS THROUGH HIGH SCHOOL; OFFERING SUPPORT, IN COLLABORATION WITH HIGH SCHOOL COUNSELING STAFF WITH COLLEGE PREPARATORY AND PLACEMENT ACTIVITIES; AND MAINTAINING ONGOING CONTACT WITH ALUMNAE AND ORGANIZING EVENTS THAT PROVIDE THEM WITH THE OPPORTUNITY TO RE-ENGAGE WITH GRACE ACADEMY AND REUNITE WITH THEIR PEERS.
Expenses $51,965
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael BerginMICHAEL BERGIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Kathy BromageKATHY BROMAGE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Marco CarducciMARCO CARDUCCI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer CentroneJENNIFER CENTRONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
John CharetteJOHN CHARETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sr Mary Rose CrowleySR MARY ROSE CROWLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Lahr FitzsimonsSARAH LAHR FITZSIMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcia HerreraMARCIA HERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey McPheeLINDSEY MCPHEE
DIRECTOR
- Total calculated
- $18,692
- From this org
- $18,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Virginia MoranVIRGINIA MORAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marjorie MorriseyMARJORIE MORRISEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Thomas SlineyTHOMAS SLINEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew FitzsimonsMATTHEW FITZSIMONS
FORMER EXECUTIVE DIRECTOR
- Total calculated
- $76,154
- From this org
- $76,154
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Hillary Rockwell CahnHILLARY ROCKWELL CAHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen JarmocKAREN JARMOC
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Christine Jean-LouisCHRISTINE JEAN-LOUIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanne L JonesJOANNE L JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Marin LautierSANDRA MARIN LAUTIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lakesha RiveraLAKESHA RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janel SimpsonJANEL SIMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lori GrothLORI GROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jodi Hilly-LillyJODI HILLY-LILLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel TressyRACHEL TRESSY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yvette Highsmith-FrancisYVETTE HIGHSMITH-FRANCIS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Princess HyattPRINCESS HYATT
EXECUTIVE DIRECTOR
- Total calculated
- $41,687
- From this org
- $41,687
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349303034
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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