Grace Institute Of New York Inc

Organization Overview

Grace Institute Of New York Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, Grace Institute Of New York Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace Institute Of New York 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 12/2021, Grace Institute Of New York Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 18.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GRACE INSTITUTES MISSION IS TO EMPOWER UNDERSERVED WOMEN IN THE NEW YORK AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, GRACE INSTITUTE SERVED 175 WOMEN THROUGH OUR WORKFORCE TRAINING PROGRAMS AND SUCCESSFULLY GRADUATED 137 (78%). WE WILL PLACE 75% OF OUR GRADUATES IN A VARIETY OF INDUSTRIES INCLUDING HEALTH CARE, LEGAL, HOSPITALITY AND NONPROFIT. OUR GRADUATES WILL INCREASE THEIR PERSONAL INCOME FIVE FOLD AFTER COMPLETING THE PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Christina Ramelli
Cdo
$169,038
Danae Mcleod
Executive Dir.
$128,654
Mia Wilson
Cso
$104,776
Patricia Montgomerie
Chair
$0
Iva Vukina
Secretary
$0
Brendan Doyle
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$283,041
Related organizations$0
Government grants $425,681
All other contributions, gifts, grants, and similar amounts not included above$2,513,533
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,222,255
Total Program Service Revenue$4,830
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,229,572

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Grace Institute Of New York Inc has recieved totaling $1,714,125.

Awarding OrganizationAmount
Grace Institute

New York, NY

PURPOSE: Operational Support

$1,370,000
Mother Cabrini Health Foundation

New York, NY

PURPOSE: MENTAL HEALTH SUPPORTS FOR WORKFORCE TRAINING PARTICIPANTS

$175,000
The Harry & Jeanette Weinberg Foundation Inc

Owings Mills, MD

PURPOSE: TO SUPPORT THE GENERAL OPERATIONS OF THIS ORGANIZATION, WHICH OFFERS TWO JOB-TRAINING PROGRAMS FOR WOMEN SEEKING TO RE-ENTER THE WORKFORCE.

$100,000
The Bessemer Giving Fund

Woodbridge, NJ

PURPOSE: GENERAL SUPPORT

$25,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$24,000
Hyde And Watson Foundation

Warren Township, NJ

PURPOSE: PURCHASE AND INSTALLATION OF COMPUTER EQUIPMENT.

$15,000
View Grant Recipient Profile

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