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
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 |
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 |
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 |
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 |
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 |