GRACE ACADEMY INC

As filed

Subsection

03

NTEE code

B20

Classification

2000

Street

457 MAIN ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,268,586

  Expenses

  $1,476,273

  Contributions

  $1,806,624

  Grants paid

  $0

• 2023

  Revenue

  $1,572,248

  Expenses

  $1,417,741

  Contributions

  $1,342,458

  Grants paid

  $0

• 2022

  Revenue

  $1,399,530

  Expenses

  $1,395,592

  Contributions

  $1,313,404

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,753,911

  Expenses

  $1,202,460

  Assets (EOY)

  $4,383,601

• 2020 · 990

  Revenue

  $2,423,990

  Expenses

  $1,199,337

  Assets (EOY)

  $4,576,541

• 2019 · 990

  Revenue

  $2,314,624

  Expenses

  $1,044,556

  Assets (EOY)

  $3,202,185

• 2018 · 990

  Revenue

  $1,057,969

  Expenses

  $979,758

  Assets (EOY)

  $1,843,093

• 2017 · 990

  Revenue

  $891,801

  Expenses

  $882,737

  Assets (EOY)

  $1,722,777

• 2015 · 990

  Revenue

  $1,089,455

  Expenses

  $789,484

  Assets (EOY)

  $1,340,296

• 2014 · 990

  Revenue

  $1,086,365

  Expenses

  $708,637

  Assets (EOY)

  $1,044,361

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• GREATER HARTFORD GIVES FOUNDATION

  $222,780

  2024 · GENERAL OPERATING SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $138,906

  2023 · GENERAL SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $119,925

  2022 · GENERAL SUPPORT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $112,291

  2024 · For grant recipient's exempt purposes

• AMERICAN ONLINE GIVING FOUNDATION INC

  $106,686

  2024 · GENERAL SUPPORT

• GREATER HARTFORD GIVES FOUNDATION

  $99,437

  2023 · EDUCATION

• GREATER HARTFORD GIVES FOUNDATION

  $98,000

  2022 · EDUCATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $92,541

  2023 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $87,175

  2022 · For grant recipient's exempt purposes

• GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC

  $25,000

  2022 · EDUCATION

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files