The Grace Foundation
- Assets
- $0.0
- Revenue
- $55.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 35-2519978
Organization Overview
The Grace Foundation is located in Tulsa, OK. The organization was established in 2015. 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. 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 12/2023, Grace Foundation generated $55.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $631.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Grace Foundation has awarded 38 individual grants totaling $733,580. 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.
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 |
|---|---|---|---|
Cherry L Bost Trustee | 1.5 | $0 | |
Jay B Bost Trustee | 1.5 | $0 | |
Sara Bost Fisher Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $112 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,751 |
| Capital Gain Net Income | $30,751 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,817 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $177 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,139 |
| Contributions, gifts, grants paid | $625,500 |
| Total expenses and disbursements | $631,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, The Grace Foundation has awarded $625,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TULSA BOTANIC GARDENS PURPOSE: GENERAL SUPPORT | $619,000 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $2,000 |
HELPING HANDS MINISTRY - FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $1,000 |
TULSA GIRLS' ART SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
NEW HOPE OKLAHOMA PURPOSE: GENERAL SUPPORT | $1,000 |
JOHN 316 MISSION PURPOSE: GENERAL SUPPORT | $1,000 |