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Grace Institute EIN 20-0529892

Grace Institute FY2023 filing

EIN  20-0529892 Public charity (501(c)(3)) Portland, OR
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides art camps for children ages 4-12 during spring, summer, and winter.
Leadership
Evelyn Prater · President
Money in and out
$660K revenue, $660K expenses
Bottom line
58% program efficiency

Provides art camps for children ages 4-12 during spring, summer, and winter. For fiscal year 2023 it reported $660K in revenue, $660K in expenses, and $106K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$660K
Pt IX · Ln 25
Net assets
$106K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.42
Program efficiency
58%
of spending reaches programs
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
0%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$660K
FY2023▼ -6%
Expenses
$660K
FY2023▼ -1%
Total assets
$117K
FY2023▼ -23%
Total liabilities
$11K
FY2023▲ ×44
Total revenue
$660K
Pt VIII · Ln 12
Total expenses
$660K
Pt IX · Ln 25
Net assets
$106K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9
Total assetsPt X · Ln 16$117K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $369K of program spending, described in the organization's own filed words · FY2023.
01

Art Camp

summer programming for over 1,300 youth

$330Kprogram expense
02

3-Day Camp

$27Kprogram expense
03

Winter Peace Camp

winter break art camp

$11Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrace Institute
EINHdr · item D20-0529892
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.grace-institute.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Evelyn Prater
President
$0Pt VII · Sec A
Leslie Mills
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Cathy Gibson
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Charles McGee II
Vestry Liasion
$0Pt VII · Sec A
John P Snead
Director
$0Pt VII · Sec A

Ashley Klump’s $60K as Executive Dir. is at the 54th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2022
Ashley Klump$59,903——
Sharon Loomis-Malin——$57,116
Amy Gray$25,547$37,789—
Kelly Wong—$36,079—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$534K · 81%
Contributions & grants$124K · 19%
Program service revenue81%$534K
Contributions & grants19%$124K
Investment income$2K
Total revenueLn 12$660K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.42
Program services58%$383K
Management & general42%$277K
Total functional expensesLn 25$660K

Balance Sheet

Part X · end of year
CashLn 1$106K
Total assetsLn 16$117K
Total liabilitiesLn 26$11K
Total net assetsLn 32$106K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $106K · Operating expenses/yr $660K
1.9 months
Where the money goes
Program services
Program services $383K · Total expenses $660K
58%
Management & General
Management & general $277K · Total expenses $660K
42%
Fundraising
Fundraising $0 · Total expenses $660K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $164K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $124K · Total revenue $660K
19%
Government reliance
Government grants — · Total revenue $660K
—
Earned-income share
Program service revenue $534K · Total revenue $660K
81%
Investment reliance
Investment income $2K · Total revenue $660K
0%
Program self-sufficiency
Program service revenue $534K · Total expenses $660K
81%
Growth & trend
Revenue growth (YoY)
This year $660K · Prior year $700K
-6%
Net-asset trend (YoY)
End of year $106K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $660K · Expenses $660K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $117K
—
Net-asset ratio
Net assets $106K · Total assets $117K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $117K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Evelyn Prater · Reported title President · Highest reported compensation $0 · Total expenses $660K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $534K · Total expenses $660K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%——
Overhead ratio 42%——
Fundraising cost ratio 0%——
Revenue growth -6%——
Accounting fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$21K
Total grants receivedfrom 1 funder$21K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$689K revenue · ⤓ 990 PDF
FY2024$614K revenue · ⤓ 990 PDF
FY2023$660K revenue · viewing · ⤓ 990 PDF
FY2022$700K revenue · ⤓ 990 PDF
FY2021$640K revenue · ⤓ 990 PDF
FY2020$77K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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