Grace Foundation
- Assets
- $1.3m
- Revenue
- $113.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 90-1035327
Organization Overview
Grace Foundation is located in Excelsior, MN. The organization was established in 2014. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit 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 12/2021, Grace Foundation generated $113.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $49.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Coughlin Director | 1 | $0 | |
Jennifer Coughlin Secretary, Treasurer, Director | 1 | $0 | |
Robert Coughlin President, Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $98,923 |
| Capital Gain Net Income | $98,923 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,208 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $19,230 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $49,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,029 |
| 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 | $1,303,667 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Al Jazari Institute Minneapolis, MN | $2,028,793 | $1,994,773 |
Managing Partners Association Of The Nw Mutual Financial Network Milwaukee, WI | $542,015 | $1,286,082 |
West Metro Fire Rescue District Firefighters Relief Association Crystal, MN | $12,215,877 | $1,065,253 |
Johnson Mutual Benefit Association Racine, WI | $1,414,067 | $586,399 |
Adel Manor Inc Adel, IA | $1,231,394 | $665,891 |
Paramedic Foundation Duluth, MN | $23,086 | $170,213 |
Minnesota Association Of Health Underwriters Saint Louis Park, MN | $6,220 | $105,612 |
Hamsters Usa Inc Rapid City, SD | $93,419 | $0 |
Fibre Channel Industry Association Plymouth, MN | $273,155 | $0 |
Fix The System - Wisconsin Action Inc Middleton, WI | $210,403 | $151,283 |
Harris Firemans Relief Association Harris, MN | $183,509 | $0 |
Rock Rapids Development Corporation Inc Rock Rapids, IA | $1,599,378 | $119,850 |