Form 990 for tax year 2022

Filed by GRACE COMMUNITY EDUCATION INC.

Totals

Total revenue: $0
Total expenses: $0
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $984,793
Total liabilities, end of year: $4,262
Net assets or fund balances, end of year: $980,531
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $0

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.

2a · Program service revenue: PROGRAM FEES

total $0 · related or exempt $0
2f · All other program service revenue

total $0 · related or exempt $0
3 · Investment income

total $0
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7d · Net gain or loss

total $0
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$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 $0
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 · program services $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0 · program services $0
10 · Payroll taxes

total $0 · program services $0
11a · Fees: management

total $0
11b · Fees: legal

total $0
11c · Fees: accounting

total $0
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $0
11g · Fees: other

total $0
12 · Advertising and promotion

total $0
13 · Office expenses

total $0 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $0
17 · Travel

total $0 · program services $0
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $0
20 · Interest

total $0 · program services $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $0
24a · Other expenses: OTHER

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,000 · end of year $2,000
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $982,793 · end of year $982,793
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $4,262 · end of year $4,262
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $980,531 · end of year $980,531
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

GRACE COMMUNITY EDUCATION PROVIDES NATIONALLY RECOGNIZED CERTIFICATION PROGRAMS FOR COUNTY JAILS, WORK RELEASE FACILITIES, AND ADULT EDUCATION PROGRAMS BY PROVIDING TEACHERS AND EDUCATIONAL TRAINING. THE STUDENTS SUPPLIED BY THESE VARIOUS ORGANIZATIONS ARE OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, SEXUAL ORIENTATION, GENDER IDENTITY, RELIGION, DISABILITY, AGE, GENETIC INFORMATION, VETERAN STATUS OR ANCESTRY.

Activities or mission (Part I)

TO PROVIDE NATIONAL CERTIFICATION PROGRAMS FOR COUNTY JAILS, WORK RELEASE FACILITIES, AND ADULT EDUCATION PROGRAMS.

GRACE COMMUNITY EDUCATION PROVIDES EDUCATION PROGRAMS FOR COUNTY JAILS, WORK RELEASE FACILITIES, AND ADULT EDUCATION PROGRAMS. THE PROGRAM IS CALLED WORKINDIANA AND IS A COOPERATIVE EFFORT WITH THE INDIANA DEPARTMENT OF WORKFORCE DEVELOPMENT. THESE STUDENTS RECEIVE INDUSTRY RECOGNIZED CERTIFICATION IN SPECIFIC JOB SKILL AREAS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

DREW FLAMM START 622

PRESIDENT OF GRACE COLLEGE

Total calculated

$224,395

From this org

$0

From related orgs

$201,682

Other

$22,713

Hours/week

5 + 40 related

Schedule J breakdown matched by us

Base

$0 + $193,740 related

Bonus

$0 + $4,000 related

Other

$0 + $3,942 related

Deferred

$0 + $22,713 related

Nontaxable benefits

$0

Filer's total

$0 + $224,395 related
MR DOUG BAUMGARDNER

CFO

Total calculated

$143,608

From this org

$0

From related orgs

$134,816

Other

$8,792

Hours/week

5 + 40 related
MRS JENNIFER HOLLAR

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
MR ANDY SERAFINI

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
MR DANIEL W RENNER

PRESIDENT

Total calculated

$0

Hours/week

1 + 1 related
MR LOREN NEUENSCHWANDER

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
MR MIKE YODER

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
MRS LETITIA WILLIAMS

TRUSTEE

Total calculated

$0

Hours/week

1 + 1 related
MS JANINE ZELTWANGER

SECRETARY/TREASURER

Total calculated

$0

Hours/week

1 + 1 related
REV KIP CONE

VICE PRESIDENT

Total calculated

$0

Hours/week

1 + 1 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

None.

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

The filer's explanations (Part III)

Compensation Disclosure: Compensation reported on Form 990 Part VII and Schedule J is established and paid by Grace College, a related organization. Grace College uses the following methods to establish compensation: a compensation committee, a compensation survey or study, and approval by the board or compensation committee.

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.

GRACE SCHOOLS

501(C)(3) · EDUCATION · IN

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202303529349300950

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