Grace Institute FY2024 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, FY2024. 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.
75¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
75%
of spending
75% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
to officers and key staff · 13% of spending
Pay to officers and key staff is 13% of spending.
Part VII, Section A
3.5 mo
of spending, in cash
3.5 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
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$614K
-7% vs prior year
Spent
$548K
To programs
75%
Net assets
$171K
By yearFY2020–FY2025
Revenue
$614K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$77K
FY2021$640K
FY2022$700K
FY2023$660K
FY2024$614K
FY2025$689K
Expenses
$548K
FY2024▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$174K
FY2021$608K
FY2022$669K
FY2023$660K
FY2024$548K
FY2025$605K
Net assets
$171K
FY2024▲ +62%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

75 cents of each dollar spent went to programs.

Program services 75% · $413K Management & general 25% · $135K Fundraising 0% · $543

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

9 people listed on the 990; $74K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Dir.
$37,789Pt VII · Sec A
Past Exec. Dir.
$36,079Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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3 programs · $386K · in their own filed words · FY2024
01

Summer Art Camp

Summer programming for over 1,300 youth

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
$266Kprogram expense
02

Art Classes

Other programs

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
$74Kprogram expense
03

Summer 3-DAY camp

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0529892) · Dispute this line
$46Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$614K
Ln 12
Fees for servicesLn 2g$524K
Gifts and grantsLn 1h$77K
Other incomeLn 4–11$10K
Money outPt IX
$548K
Ln 25
Programscol B$413K
Managementcol C$135K
Fundraisingcol D$543
Owns and owesPt X
$171K
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$171K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$77K
Noncash giftsLn 1g$15K
Fees for servicesLn 2g$524K
Investment incomeLn 3$2K
Other incomeLn 4–11$10K
Gains on assetsLn 7$0
Total revenueLn 12$614K
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$113K
Cash and savings togetherLn 1–2$161K
Accounts receivableLn 4$713
Land, buildings, equipmentLn 10c$9K
InvestmentsLn 11–13$275
Total assetsLn 16$171K
LiabilitiesLn 26$0
Net assetsLn 32$171K
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 FY24End FY24
Cash and savingsLn 1–2$106K$161K
InvestmentsLn 11–13$275$275
Land, buildings, equipmentLn 10c$10K$9K
Total assetsLn 16$117K$171K
LiabilitiesLn 26$11K$0
Net assetsLn 32$106K$171K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$46K$37K$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$330K$268K$63K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$17K$7K$10K
Payroll taxesLn 10$37K$25K$12K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$4K$631$4K
Advertising and promotionLn 12$3K$2K$1K
Office expensesLn 13$33K$26K$7K$38
Information technologyLn 14$4K$387$4K
RoyaltiesLn 15$0
OccupancyLn 16$41K$16K$25K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$26K$25K$599$505
All other expensesLn 24e$0
Total functional expensesLn 25$548K$413K$135K$543

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 23, 2026 $689K$605K$84K$255K 990 PDF
FY2024 ViewingFiled with the IRS May 14, 2025 $614K$548K$65K$171K 990 PDF
FY2023Filed 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 FY2024 990
Part I · Summary $613,637 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $123,993$77,226
I-9 Program service revenuePrior year $534,083$524,175
I-10 Investment incomePrior year $1,628$1,971
I-11 Other revenue$10,265
I-12 Total revenuePrior year $659,704$613,637
I-13 Grants and similar amounts paid$5,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $533,557$430,816
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $126,138$112,486
I-18 Total expensesPrior year $659,695$548,302
I-19 Revenue less expensesPrior year $9$65,335
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $613,637 across 11 lines filed
VIII-1f All other contributions, gifts and grants$77,226
VIII-1g Noncash contributions (included above)$15,321
VIII-1h Total contributions, gifts and grants$77,226
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $524,175$524,175
VIII-3 Investment incomeExcluded from tax $1,971$1,971
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $5,883$5,883
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,382$4,382
VIII-12 Total revenueRelated to mission $528,557 · Excluded from tax $7,854$613,637
Part IX · Statement of functional expenses $548,302 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $37,186 · Management $8,666$45,852
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $267,887 · Management $62,588$330,475
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $6,800 · Management $10,400$17,200
IX-10 Payroll taxesPrograms $25,469 · Management $11,820$37,289
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $631 · Management $3,701$4,332
IX-12 Advertising and promotionPrograms $1,944 · Management $1,085$3,029
IX-13 Office expensesPrograms $25,979 · Management $6,864 · Fundraising $38$32,881
IX-14 Information technologyPrograms $387 · Management $4,016$4,403
IX-15 Royalties$0
IX-16 OccupancyPrograms $15,577 · Management $25,115$40,692
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,356$1,356
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $24,689 · Management $599 · Fundraising $505$25,793
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $412,905 · Management $134,854 · Fundraising $543$548,302
Part X · Balance sheet $171,057 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $106,414$47,753
X-2 Savings and temporary cash investments$113,494
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $126$713
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $10,177$8,822
X-11 Publicly traded securitiesStart of year $275$275
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $116,992$171,057
X-26 Total liabilitiesStart of year $11,270$0
X-27 Net assets without donor restrictionsStart of year $64,531$144,799
X-28 Net assets with donor restrictionsStart of year $41,191$26,258
X-32 Total net assets or fund balancesStart of year $105,722$171,057
X-33 Total liabilities and net assetsStart of year $116,992$171,057
Part XI · Reconciliation of net assets $171,057 net assets at year end
XI-1 Total revenue$613,637
XI-2 Total expenses$548,302
XI-3 Revenue less expenses$65,335
XI-4 Net assets at start of year$105,722
XI-10 Net assets at end of year$171,057

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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