The Grace And Mercy Foundation Inc
- Assets
- $581.5m
- Revenue
- $33.0m
- Investments
- $217.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2007
- Data as of
- 12/2019
- EIN
- 20-8050779
Organization Overview
The Grace And Mercy Foundation Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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.
For the year ending 12/2019, Grace And Mercy Foundation Inc generated $33.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $29.1m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Grace And Mercy Foundation Inc has awarded 371 individual grants totaling $74,649,446. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sumi Kim President | 40 | $525,000 | |
Eung Sik Kim Program Officer | 40 | $400,000 | |
Lanyu Xu Program Officer | 40 | $290,000 | |
Daniel Sanford Program Officer | 40 | $290,000 | |
Ae Ran Moon Program Officer | 40 | $277,612 | |
Samuel Tran Program Officer | 40 | $205,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,126,735 |
| Interest on Savings | $7,692,339 |
| Dividends & Interest | $308,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,857,480 |
| Capital Gain Net Income | $10,857,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$27,370 |
| Total Revenue | $32,957,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,297,328 |
| Pension plans, employee benefits | $611,355 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $6,424 |
| Occupancy | $113,200 |
| Travel, conferences, and meetings | $225,841 |
| Printing and publications | $0 |
| Other expenses | $1,864,984 |
| Total operating and administrative expenses | $6,441,208 |
| Contributions, gifts, grants paid | $22,685,090 |
| Total expenses and disbursements | $29,126,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,315 |
| Savings and temporary cash investments | $363,367,682 |
| 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 | $217,410,207 |
| Net Land, buildings, and equipment | $4,833 |
| Other assets | $645,693 |
| Total assets | $581,469,730 |
| 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 | $50,595 |
| Total liabilities | $50,595 |
Grants Awarded
Over the last fiscal year, The Grace And Mercy Foundation Inc has awarded $22,685,090 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
THE FULLER FOUNDATION PURPOSE: COMMUNITY | $7,000,000 |
FULLER THEOLOGICAL SEMINARY PURPOSE: RELIGIOUS | $2,140,000 |
Los Angeles, CA PURPOSE: HUMANITARIAN | $2,000,000 |
FAITH COMES BY HEARING PURPOSE: COMMUNITY | $1,300,000 |
RAVI ZACHARIAS INTERNATIONAL MINISTRIES PURPOSE: RELIGIOUS | $1,200,000 |
GEORGE W BUSH PRESIDENTIAL CENTER PURPOSE: COMMUNITY | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Grace And Mercy Foundation Inc has recieved totaling $9,500,000.
| Awarding Organization | Amount |
|---|---|
The Fuller Foundation Pasadena, CA PURPOSE: GENERAL SUPPORT | $9,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adelson Family Foundation Needham, MA | $522,108 | $116,767,506 |
Druckenmiller Foundation New York, NY | $1,273,919,839 | $136,579,901 |
Doris Duke Charitable Foundation Inc New York, NY | $1,930,470,080 | $113,349,408 |
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |
Fidelity Foundation Boston, MA | $1,395,251,709 | $290,379,423 |
Big East Conference Inc New York, NY | $20,673,347 | $58,700,234 |
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Prudential Foundation Inc Newark, NJ | $0 | $15,805,071 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |