Jean Lykes Grace Foundation
- Assets
- $1.7m
- Revenue
- $143.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 30-0437493
Organization Overview
Jean Lykes Grace Foundation is located in Houston, TX. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jean Lykes Grace 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 12/2022, Jean Lykes Grace Foundation generated $143.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $117.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jean Lykes Grace Foundation has awarded 104 individual grants totaling $335,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE NO DIRECT CHARITABLE ACTIVITIES OF THE FOUNDATION DURING 2022, OTHER THAN THOSE LISTED IN PART XV-SUPPLEMENTARY INFORMATION-GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR OR APPROVED FOR FUTURE PAYMENT. THE FOUNDATION CONTEMPLATES ADDITIONAL APPROPRIATE DISTRIBUTIONS ONLY TO PUBLIC CHARITIES DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Rev James M L Grace President | 1 | $0 | |
Charlotte Grove Secretary | 1 | $0 | |
Colin Sunderland Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $592 |
| Dividends & Interest | $44,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,776 |
| Capital Gain Net Income | $73,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,976 |
| Total Revenue | $143,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,556 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,947 |
| Total operating and administrative expenses | $16,958 |
| Contributions, gifts, grants paid | $100,000 |
| Total expenses and disbursements | $116,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,296 |
| Net Accounts receivable | $80 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,692,634 |
| 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, Jean Lykes Grace Foundation has awarded $100,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
RED COLLAR RESCUE PURPOSE: SUPPORT | $2,500 |
RIVER OAKS BAPTIST SCHOOL PURPOSE: SUPPORT | $4,500 |
BAYLOR UNIVERSITY PURPOSE: SUPPORT | $10,000 |
AMISTAD MISSION PURPOSE: SUPPORT | $3,500 |
SECOND BAPTIST SCHOOL PURPOSE: SUPPORT | $1,000 |
CHRISTIAN COMMUNITY SERVICE CENTER PURPOSE: SUPPORT | $2,500 |