Saving Grace Academy
- Assets
- $56.8k
- Revenue
- $221.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Reno, NV
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 82-3171948
Organization Overview
Saving Grace Academy is located in Reno, NV. The organization was established in 2019. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Saving Grace Academy employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saving Grace Academy 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, Saving Grace Academy generated $221.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 67.1% each year . All expenses for the organization totaled $166.9k during the year ending 12/2022. While expenses have increased by 53.6% per year over the past 2 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AFFORDABLE TO NO-COST CHILD CARE/LEARNING FOR PRE-K CHILDREN. WE STRIVE TO GIVE YOUNG MINDS A HEAD START IN EDUCATION TO ENABLE THEM TO BEGIN THEIR EDUCATION CAREER ALREADY KNOWING A LOT OF WHAT IS TAUGHT IN KINDERGARTEN. WE FOCUS ON THE HIGHER RISK/ LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAST YEAR SAVING GRACE HAS GRADUATED TO KINDERGARTEN 4 CHILDREN. THESE CHILDREN ENTERED KINDERGARTEN READING AND KNOWING BASIC ARITHMETIC. THE CHILDREN ARE TAUGHT SOCIAL SKILLS ON USING WORDS INSTEAD OF BODY TO CONVEY THEIR FEELINGS. SAVING GRACE ACADEMY IS A RELIGIOUS BASED PRESCHOOL. THIS PROGRAM HAS CONTINUED PROVIDING SERVICES TO FAMILIES WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD PROPER CARE FOR THEIR CHILDREN WHILE THEY WORK
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Wolcott-Whitten Executive Director | Officer | 50 | $41,803 |
Cynthia Hernandez Teacher | Officer | 35 | $29,486 |
Scott Mattson Treasurer | Officer | 1 | $0 |
Christina Schening Secretary | Officer | 0 | $0 |
Lauren Johnson President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,604 |
| Total Program Service Revenue | $56,554 |
| 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 | $221,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,203 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $337 |
| Office expenses | $6,319 |
| Information technology | $1,838 |
| Royalties | $0 |
| Occupancy | $14,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,731 |
| All other expenses | $15,952 |
| Total functional expenses | $166,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,771 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $775 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,784 |
| Accounts payable and accrued expenses | $546 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $848 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,394 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $52,692 |
| Retained earnings, endowment, accumulated income, or other funds | $2,698 |
| Total liabilities and net assets/fund balances | $56,784 |