Gracecenter Inc
- Assets
- $488.9k
- Revenue
- $37.4k
- Investments
- $337.6k
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-1274438
Organization Overview
Gracecenter Inc is located in Pittsburgh, PA. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gracecenter Inc 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 12/2022, Gracecenter Inc generated $37.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 71.9% each year . All expenses for the organization totaled $26.2k during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE INSPIRING LEARNING ENVIRONMENTS THAT AWAKEN THE BEST IN HUMAN SPIRIT. GRACENTER PROVIDES TAPES, LECTURES, A LIBRARY OF BOOKS AND RELATED LITERATURE, WORKSHOPS, SMALL SUPPORT GROUPS, AND INFORMATION TO ACCOMPLISH THE GOALS.
TO CONTRIBUTE TO CHARITABLE ORGANIZATIONS THAT PROMOTE SUPPORT AND WELFARE TO AWAKEN THE HUMAN SPIRIT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loretta J Wahl CEO | 2 | $0 | |
John Carroll Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $272 |
| Dividends & Interest | $5,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $32,057 |
| Capital Gain Net Income | $32,057 |
| Net ST Capital Gain | $3,634 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $37,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47 |
| Depreciation | $2,721 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,119 |
| Total operating and administrative expenses | $11,187 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $26,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,011 |
| Savings and temporary cash investments | $61,162 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $337,554 |
| Net Land, buildings, and equipment | $84,895 |
| Other assets | $248 |
| Total assets | $488,870 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gracecenter Inc has awarded $15,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL WELFARE INSTITUTE PURPOSE: CHARITABLE CONTRIBUTION | $3,750 |
CLELIAN HEIGHTS SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $3,750 |
CHILD FIND OF AMERICA PURPOSE: CHARITABLE CONTRIBUTION | $3,750 |
PET PARTNERS PURPOSE: CHARITABLE CONTRIBUTION | $3,750 |