Grace Institute FY2023 filing

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Grace Institute offers art camps to children ages 4-12 in spring, summer and winter.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $19K a year · 3% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
58%
of spending
58% of spending went to programs.
Pt IX · Ln 25 · col B
1.9 mo
of spending, in cash
1.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$11K
10% of total assets
Liabilities are 10% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$660K
-6% vs prior year
Spent
$660K
To programs
58%
Net assets
$106K
By yearFY2020–FY2025
Revenue
$660K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$640K
FY2022$700K
FY2023$660K
FY2024$614K
FY2025$689K
Expenses
$660K
FY2023▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$174K
FY2021$608K
FY2022$669K
FY2023$660K
FY2024$548K
FY2025$605K
Net assets
$106K
FY2023▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$62K
FY2021$102K
FY2022$152K
FY2023$106K
FY2024$171K
FY2025$255K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $383K Management & general 42% · $277K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vestry Liasion
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Ashley Klump’s $60K as Executive Dir. is at the 54th percentile of top reported officer pay among 2215 $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.

See Grace Institute executive salaries →

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 15aYes

Programs and updates

Provides art camps for children ages 4-12 during spring, summer, and winter.

Questions for Grace Institute

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Your first name shows with your question. Grace Institute answers here, for everyone.

3 programs · $369K · in their own filed words · FY2023
01

Art Camp

summer programming for over 1,300 youth

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
$330Kprogram expense
02

3-Day Camp

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
$27Kprogram expense
03

Winter Peace Camp

winter break art camp

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
$11Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$660K
Ln 12
Fees for servicesLn 2g$534K
Gifts and grantsLn 1h$124K
Investment incomeLn 3$2K
Money outPt IX
$660K
Ln 25
Programscol B$383K
Managementcol C$277K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$117K
LiabilitiesLn 26$11K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$124K
Fees for servicesLn 2g$534K
Investment incomeLn 3$2K
Total revenueLn 12$660K
Assets in detailPt X, end of year
CashLn 1$106K
Cash and savings togetherLn 1–2$106K
Accounts receivableLn 4$126
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$275
Total assetsLn 16$117K
LiabilitiesLn 26$11K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 5112
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$140K$106K
Land, buildings, equipmentLn 10c$12K$10K
Total assetsLn 16$152K$117K
LiabilitiesLn 26$259$11K
Net assetsLn 32$152K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$468K$286K$181K
Other employee benefitsLn 9$23K$23K
Payroll taxesLn 10$43K$24K$19K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$11K$11K
OccupancyLn 16$31K$31K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$78K$71K$7K
Total functional expensesLn 25$660K$383K$277K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 23, 2026 $689K$605K$84K$255K 990 PDF
FY2024Filed with the IRS May 14, 2025 $614K$548K$65K$171K 990 PDF
FY2023 ViewingFiled with the IRS Apr 5, 2024 $660K$660K$9$106K 990 PDF
FY2022Filed with the IRS Apr 22, 2023 $700K$669K$31K$152K 990 PDF
FY2021Filed with the IRS May 5, 2022 $640K$608K$31K$102K 990 PDF
FY2020Filed with the IRS Apr 20, 2021 $77K$174K−$97K$62K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $659,704 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,211$123,993
I-9 Program service revenuePrior year $475,341$534,083
I-10 Investment incomePrior year $550$1,628
I-11 Other revenue$0
I-12 Total revenuePrior year $700,102$659,704
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $538,826$533,557
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $130,461$126,138
I-18 Total expensesPrior year $669,287$659,695
I-19 Revenue less expensesPrior year $30,815$9
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $659,704 across 5 lines filed
VIII-1h Total contributions, gifts and grants$123,993
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $534,083$534,083
VIII-3 Investment incomeRelated to mission $1,628$1,628
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $535,711$659,704
Part IX · Statement of functional expenses $659,695 across 10 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $286,407 · Management $181,474$467,881
IX-9 Other employee benefitsManagement $22,852$22,852
IX-10 Payroll taxesPrograms $24,138 · Management $18,686$42,824
IX-11c Accounting feesManagement $1,420$1,420
IX-12 Advertising and promotionManagement $2,647$2,647
IX-13 Office expensesManagement $10,651$10,651
IX-16 OccupancyManagement $31,310$31,310
IX-22 Depreciation, depletion and amortizationPrograms $1,354$1,354
IX-23 InsuranceManagement $1,199$1,199
IX-24 Other expenses (24a–d)Programs $71,050 · Management $6,507$77,557
IX-25 Total functional expensesPrograms $382,949 · Management $276,746 · Fundraising $0$659,695
Part X · Balance sheet $116,992 assets, 12 lines filed
Net asset lines not itemized here account for −$105,721. See the IRS return.
X-1 Cash, non-interest-bearingStart of year $140,043$106,414
X-4 Accounts receivableStart of year $229$126
X-10c Land, buildings and equipment, netStart of year $11,531$10,177
X-15 Other assets$275
X-16 Total assetsStart of year $152,018$116,992
X-19 Deferred revenue$11,270
X-26 Total liabilitiesStart of year $259$11,270
X-27 Net assets without donor restrictionsStart of year $109,711$64,531
X-28 Net assets with donor restrictionsStart of year $42,048$41,191
X-31 Retained earnings or endowmentStart of year $151,760$105,721
X-32 Total net assets or fund balancesStart of year $151,759$105,722
X-33 Total liabilities and net assetsStart of year $152,018$116,992
Part XI · Reconciliation of net assets $105,722 net assets at year end
XI-1 Total revenue$659,704
XI-2 Total expenses$659,695
XI-3 Revenue less expenses$9
XI-4 Net assets at start of year$151,759
XI-10 Net assets at end of year$105,722

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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