Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
11 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Grace Dee May INC is an arts and culture nonprofit based in Los Angeles, CA, formed in 2005.
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Museum
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By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $168K | $69K |
| InvestmentsLn 11–13 | $4.4M | $3.6M |
| Land, buildings, equipmentLn 10c | $34K | $29K |
| Total assetsLn 16 | $4.6M | $3.7M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $4.6M | $3.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $7K | $7K | $0 | $0 |
| Investment management feesLn 11f | $24K | $0 | $24K | $0 |
| Other fees for servicesLn 11g | $21K | $21K | $0 | $0 |
| Advertising and promotionLn 12 | $83K | $83K | $0 | $0 |
| Office expensesLn 13 | $15K | $15K | $0 | $0 |
| OccupancyLn 16 | $55K | $55K | $0 | $0 |
| TravelLn 17 | $3K | $3K | $0 | $0 |
| InterestLn 20 | $11 | $0 | $11 | $0 |
| Depreciation, depletion and amortizationLn 22 | $9K | $9K | $0 | $0 |
| InsuranceLn 23 | $1K | $0 | $1K | $0 |
| Other expenses (24a–d)Ln 24 | $300 | $100 | $200 | $0 |
| Total functional expensesLn 25 | $218K | $192K | $26K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $280K | $186K | $94K | $4.6M | 990 PDF |
| FY2024 | $373K | $170K | $203K | $4.3M | 990 PDF |
| FY2023 | $122K | $176K | −$54K | $4.1M | 990 PDF |
| FY2022 Viewing | $259K | $218K | $41K | $3.7M | 990 PDF |
| FY2021 | $334K | $157K | $177K | $4.6M | 990 PDF |
| FY2020 | $226K | $136K | $90K | $4.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $259,124 across 4 lines filed
Part IX · Statement of functional expenses $217,763 across 11 lines filed
Part X · Balance sheet $3,715,722 assets, 10 lines filed
Part XI · Reconciliation of net assets $3,715,722 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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