Form 990 for tax year 2024

Filed by GRACE EDUCATION MINISTRIES FOR NIGER.

Totals

Total revenue: $686,845
Total expenses: $551,641
Contributions and grants received: $681,051
Grants paid: $379,951
Program service revenue: $0
Investment income: $5,794
Other revenue: $0
Total assets, end of year: $1,932,124
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,932,124
Program services expenses (Part IX): $543,083
Management and general expenses: $8,558
Fundraising expenses: $0
Program service expenses (Part III): $543,083

Program services were 98.4% 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

$681,051
1g · Noncash contributions included above

$3,916
3 · Investment income

total $5,781 · excluded $5,781
7a · Gross sales of assets other than inventory

securities $2,070
7b · Less cost or other basis and sales expenses

securities $2,057
7c · Gain or loss

securities $13
7d · Net gain or loss

total $13 · excluded $13

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $379,951 · program services $379,951
11c · Fees: accounting

total $127 · management and general $127
13 · Office expenses

total $1,684 · management and general $1,684
22 · Depreciation, depletion and amortization

total $82,434 · program services $82,434
24a · Other expenses: SCHOOL SUPPLIES

total $29,630 · program services $29,630
24b · Other expenses: NIGER NGO TAX

total $20,874 · program services $20,874
24c · Other expenses: FOOD, GAS, AND OTHER OP

total $11,340 · program services $11,340
24d · Other expenses: STIPENDS PAID TO WORKER

total $9,599 · program services $9,599
24e · All other expenses

total $16,002 · program services $9,255 · management and general $6,747

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $419,468 · end of year $552,363
2 · Savings and temporary cash investments

beginning of year $19 · end of year $2,118
10a · Land, buildings and equipment: cost or other basis

$1,658,455
10b · Land, buildings and equipment: accumulated depreciation

$280,812
10c · Land, buildings and equipment, net

beginning of year $1,377,399 · end of year $1,377,643
27 · Net assets without donor restrictions

beginning of year $1,741,322 · end of year $1,726,630
28 · Net assets with donor restrictions

beginning of year $55,564 · end of year $205,494

Mission and programs · 2024

Mission

TO ASSIST THE PEOPLE OF NIGER IN STRATEGIC WAYS BY BUILDING UP AND STRENGTHENING THE COUNTRY IN THE AREAS OF EDUCATION, HEALTH, FINANCIAL WELFARE, SOCIAL CONDITIONS, AND CHRISTIAN SPIRITUAL GROWTH.WE WILL EMPOWER NIGERIENS WITH ACADEMIC AND VOCATIONAL TRAINING AS WELL AS SPIRITUAL DISCIPLESHIP. IN PARTICULAR, WE WILL SUPPORT YOUNG NIGERIENNE WOMEN IN ATTENDING A HIGHER EDUCATION AND LEARNING VALUABLE TEACHING SKILLS. WE WILL PROVIDE COMPASSIONATE CARE FOR THE NEEDY IN THE NIGERIEN COMMUNITY.WE WILL ALSO SUPPORT AND MINISTER TO THE CHRISTIAN COMMUNITY OF NIGER. THIS CORPORATION MAY ENGAGE IN ANY OTHER ACTIVITIES THAT ARE REASONABLY RELATED TO AND IN FURTHERANCE OF ITS STATED PURPOSES AS ALLOWED BY LAW.

Activities or mission (Part I)

TO ASSIST THE PEOPLE OF NIGER THROUGH EDUCATION,WELFARE,AND CHRISTIAN SPIRITUAL SUPPORT.

IN OCTOBER 2017, GRACE EDUCATION MINISTRIES FOUNDED GRACE ACADEMY (CSP EVANGELIQUE GRACE NGO), A SCHOOL IN NIGER DEDICATED TO EDUCATING YOUNG WOMEN. IN THIS COUNTRY, LESS THAN 10% OF SCHOOL-AGED GIRLS HAVE THE OPPORTUNITY TO ATTEND SCHOOL, SO THE PRIVILEGE OF LEARNING AT GRACE ACADEMY IS A GREAT GIFT FOR THESE YOUNG WOMEN AND THEIR FAMILIES! A QUALITY CHRISTIAN EDUCATION WILL IMPACT THEIR FUTURE CHILDREN, THEIR EXTENDED FAMILIES, THEIR VILLAGES AND THEIR COUNTRY. AILEEN CHUNG OVERSEES THE SCHOOL.(CONTINUED ON SCHEDULE O)IN 2024, THE ORGANIZATION FOCUSED ON:1. SIXTH-SEVENTH SCHOOL YEAR OF GRACE ACADEMY (SECONDARY GIRLS SCHOOL EDUCATION FOR 150 STUDENTS) 2. STARTED A NEW SCHOOL IN THE FALL : EMMANUEL ACADEMY (SECONDARY BOYS SCHOOL EDUCATION FOR 20 STUDENTS) 3. STARTED A NEW VOCATIONAL SCHOOL IN THE FALL : MARANATHA INSTITUTE (EQUIPPING YOUNG MEN AND WOMEN WHO HAVE GRADUATED FROM HIGH SCHOOL TO WORK AS TRAINED MEDICAL TECHNICIANS, STARTED WITH 4 STUDENTS)4. ALL SCHOOL OPERATIONS

Expenses $543,083 · Grants $379,951

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

Listed in Part VII

Alma ChoALMA CHO

PRESIDENT

Total calculated

$0

Hours/week

2
Kevin BendemireKEVIN BENDEMIRE

SECRETARY

Total calculated

$0

Hours/week

2
Sarah HongSARAH HONG

TREASURER

Total calculated

$0

Hours/week

5
Aileen ChungAILEEN CHUNG

EXECUTIVE DIRECTOR

Total calculated

$0

Hours/week

40
John KimJOHN KIM

DIRECTOR

Total calculated

$0

Hours/week

2
Marilyn DavidsonMARILYN DAVIDSON

DIRECTOR

Total calculated

$0

Hours/week

2

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: 25 November 2025
IRS schema version: 2024v5.2
Source object: 202523309349300917

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