Grace Childrens Foundation
- Assets
- $163.2k
- Revenue
- $352.6k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 13-7111278
Organization Overview
Grace Childrens Foundation is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Grace Childrens Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Childrens Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Grace Childrens Foundation generated $352.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $384.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1997, THE GRACE CHILDREN'S FOUNDATION (GCF), IS A NEW YORK BASED 501 (C)(3) NONPROFIT ORGANIZATION, DEDICATED TO IMPROVING LIVES THROUGH ITS CHILDREN'S RESOURCE EXCHANGE (CRE) MODEL - CONNECTING CHILDREN IN NEED WITH MEDICAL PROFESSIONALS AND ESSENTIAL NONCLINICAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCEPTION, GCF HAS BEEN CONNECTING CHILDREN IN NEED TO PRO BONO AND SUBSIDIZED MEDICAL CARE AND ESSENTIAL NONCLINICAL RESOURCES THROUGH ITS CASE-BY-CASE MODEL, A MAIN INITIATIVE FOR 20 YEARS. BUILDING ON THIS SUCCESSFUL MODEL, GCF IS NOW COMMITTED TO SCALING ITS IMPACT BY FOCUSING ON FURTHER DEVELOPMENT AND IMPLEMENTATION OF ITS CHILDREN'S RESOURCE EXCHANGE - AN EMERGING DIGITAL HEALTHCARE INNOVATION THAT WILL MODERNIZE THE PROCESS OF COORDINATING CARE BETWEEN MEDICAL PROFESSIONALS AND OTHERS TO HELP SAVE THE LIVES OF CHILDREN WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Hakim Director | Trustee | 1.54 | $0 |
Margaret Roche Ballin Director | Trustee | 0.15 | $0 |
Pamela Frank Director | Trustee | 0.46 | $0 |
David Hsiao Director | Trustee | 0.1 | $0 |
Sean Bacchus Director | Trustee | 0.1 | $0 |
Maggie Kamal Director | Trustee | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $351,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,891 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,000 |
| Compensation of current officers, directors, key employees. | $29,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,774 |
| Payroll taxes | $20,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,865 |
| Advertising and promotion | $0 |
| Office expenses | $6,840 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,067 |
| All other expenses | $1,254 |
| Total functional expenses | $384,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,222 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $163,222 |
| Accounts payable and accrued expenses | $41,319 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $202,075 |
| Other liabilities | $0 |
| Total liabilities | $243,394 |
| Net assets without donor restrictions | -$80,172 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $163,222 |