Totals
- Total revenue
- $2,268,586
- Total expenses
- $1,476,273
- Contributions and grants received
- $1,806,624
- Grants paid
- $0
- Program service revenue
- $6,735
- Investment income
- $459,976
- Other revenue
- -$4,749
- Total assets, end of year
- $6,431,245
- Total liabilities, end of year
- $615,213
- Net assets or fund balances, end of year
- $5,816,032
- Program services expenses (Part IX)
- $1,094,206
- Management and general expenses
- $208,333
- Fundraising expenses
- $173,734
- Program service expenses (Part III)
- $1,094,206
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.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$559,396
-
1f · All other contributions, gifts and grants
$1,247,228
-
1g · Noncash contributions included above
$55,006
-
2a · Program service revenue: STUDENT ACTIVITY
total $6,735 · related or exempt $6,735
-
3 · Investment income
total $172,463 · excluded $172,463
-
7a · Gross sales of assets other than inventory
securities $701,554
-
7b · Less cost or other basis and sales expenses
securities $414,041
-
7c · Gain or loss
securities $287,513
-
7d · Net gain or loss
total $287,513 · excluded $287,513
-
8a · Fundraising events: gross income
$28,548
-
8a · Fundraising events: contributions included on line 1c
$559,396
-
8b · Fundraising events: direct expenses
$33,297
-
8c · Net income from fundraising events
total -$4,749 · excluded -$4,749
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $132,779 · program services $19,917 · management and general $66,389 · fundraising $46,473
-
7 · Other salaries and wages
total $748,097 · program services $587,878 · management and general $80,002 · fundraising $80,217
-
8 · Pension plan contributions
total $8,352 · program services $8,010 · fundraising $342
-
9 · Other employee benefits
total $46,371 · program services $39,114 · management and general $3,305 · fundraising $3,952
-
10 · Payroll taxes
total $65,737 · program services $46,016 · management and general $10,518 · fundraising $9,203
-
11c · Fees: accounting
total $14,025 · management and general $14,025
-
11f · Fees: investment management
total $23,152 · management and general $23,152
-
12 · Advertising and promotion
total $15,842 · program services $9,505 · management and general $4,753 · fundraising $1,584
-
13 · Office expenses
total $44,107 · program services $29,066 · management and general $508 · fundraising $14,533
-
14 · Information technology
total $10,472 · program services $5,236 · management and general $2,618 · fundraising $2,618
-
16 · Occupancy
total $122,146 · program services $122,146
-
17 · Travel
total $556 · program services $556
-
22 · Depreciation, depletion and amortization
total $36,219 · program services $36,219
-
23 · Insurance
total $16,271 · program services $13,830 · management and general $2,441
-
24a · Other expenses: EDUCATION PROGRAMS AND
total $76,293 · program services $76,293
-
24b · Other expenses: GRADUATION SUPPORT
total $65,664 · program services $65,664
-
24c · Other expenses: FELLOWS EXPENSE
total $26,991 · program services $26,991
-
24d · Other expenses: ADVANCEMENT AND NETWORK
total $16,678 · program services $1,244 · management and general $622 · fundraising $14,812
-
24e · All other expenses
total $6,521 · program services $6,521
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $282,225 · end of year $415,865
-
2 · Savings and temporary cash investments
beginning of year $80
-
3 · Pledges and grants receivable
end of year $395,200
-
4 · Accounts receivable
beginning of year $147,682
-
9 · Prepaid expenses and deferred charges
beginning of year $15,315 · end of year $19,623
-
10a · Land, buildings and equipment: cost or other basis
$335,161
-
10b · Land, buildings and equipment: accumulated depreciation
$184,753
-
10c · Land, buildings and equipment, net
beginning of year $186,628 · end of year $150,408
-
11 · Investments: publicly traded securities
beginning of year $4,484,794 · end of year $4,875,881
-
15 · Other assets
beginning of year $0 · end of year $574,268
-
17 · Accounts payable and accrued expenses
beginning of year $31,842 · end of year $40,945
-
25 · Other liabilities
beginning of year $0 · end of year $574,268
-
27 · Net assets without donor restrictions
beginning of year $4,828,359 · end of year $5,364,754
-
28 · Net assets with donor restrictions
beginning of year $256,523 · end of year $451,278
Mission and programs · 2024
Mission
GRACE ACADEMY IS AN INDEPENDENT, INTERFAITH, TUITION-FREE MIDDLE SCHOOL WHERE GIRLS REACH THEIR FULLEST POTENTIAL THROUGH EQUITABLE ACCESS TO A NURTURING LEARNING ENVIRONMENT. WE CULTIVATE CONFIDENT LEARNERS WHO ASPIRE TO MAKE MEANINGFUL CONTRIBUTIONS TO THEIR COMMUNITY, SUPPORTING THEM THROUGH HIGH SCHOOL, COLLEGE, AND BEYOND.
Activities or mission (Part I)
INDEPENDENT, INTERFAITH, TUITION-FREE MIDDLE SCHOOL WHERE GIRLS REACH THEIR FULLEST POTENTIAL
-
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 $1,028,542 · Revenue $6,735
-
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 $65,664
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Princess HyattPRINCESS HYATT
EXECUTIVE DIRECTOR
- Total calculated
- $142,731
- From this org
- $130,000
- From related orgs
- $0
- Other
- $12,731
- Hours/week
- 60
-
Lindsey McPheeLINDSEY MCPHEE
CURRICULUM SPECIALIST & CO-FOUNDER
- Total calculated
- $24,673
- From this org
- $24,673
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Yvette Highsmith-FrancisYVETTE HIGHSMITH-FRANCIS
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Karen JarmocKAREN JARMOC
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Kathleen BromageKATHLEEN BROMAGE
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Hillary Rockwell CahnHILLARY ROCKWELL CAHN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael BerginMICHAEL BERGIN
BOARD CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Marco CarducciMARCO CARDUCCI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Carmicheal-KeelNICOLE CARMICHEAL-KEEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer CentroneJENNIFER CENTRONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John CharetteJOHN CHARETTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lori GrothLORI GROTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Lahr FitzsimonsSARAH LAHR FITZSIMONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marcia HerreraMARCIA HERRERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Melvette HillMELVETTE HILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kara MitchellKARA MITCHELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Marin LautierSANDRA MARIN LAUTIER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Marjorie MorrisseyMARJORIE MORRISSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Lakesha RiveraLAKESHA RIVERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rachel TressyRACHEL TRESSY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Janel SimpsonJANEL SIMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas SlineyTHOMAS SLINEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne TamburroSUZANNE TAMBURRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Aura AlvaradoAURA ALVARADO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sr Mary Rose CrowleySR MARY ROSE CROWLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Natalie CorbettNATALIE CORBETT
BOARD MEMBER (UNTIL 9/12/24)
- Total calculated
- $0
- Hours/week
- 1
-
Christine Jean-LouisCHRISTINE JEAN-LOUIS
BOARD MEMBER (UNTIL 6/18/24)
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513189349309951
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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