Grace Prep Incorporated: FY2024 Nonprofit Profile & Form 990 (EIN 20-1224844)

Revenue by fiscal year
FY2021	$760K
FY2022	$724K
FY2023	$655K
FY2024	$591K
FY2025	$608K

Expenses by fiscal year
FY2021	$684K
FY2022	$723K
FY2023	$757K
FY2024	$748K
FY2025	$826K

Net assets by fiscal year
FY2021	$216K
FY2022	$316K
FY2023	$213K
FY2024	$170K
FY2025	$75K

Is it real?

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

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $748K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Bob Gresh

President

$0Pt VII · Sec A

Robi Hairs

VP/Treasurer

$0Pt VII · Sec A

Steve Weaver

Treasurer

$0Pt VII · Sec A

Jeff Wendle

Member

$0Pt VII · Sec A

Bob Gresh’s $2K as President is at the 1st percentile of top reported officer pay among 1613 $100K–1M education 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.

See Grace Prep Incorporated 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

Grace Prep Incorporated is an education nonprofit based in State College, PA.

Questions for Grace Prep Incorporated

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1 program · $748K · in their own filed words · FY2023

01

Education of approximately 50 students in grades 9 through 12

$748Kprogram 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 · FY2025

Pennsylvania Automotive Association FoundationFY2025$20K

Total grants receivedfrom 1 funder$20K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$591K

Ln 12

Fees for servicesLn 2g$503K

Gifts and grantsLn 1h$84K

Investment incomeLn 3$4K

Money outPt IX

$748K

Ln 25

Programscol B$748K

Owns and owesPt X

$170K

net assets · Ln 32

Cash and savingsLn 1–2$296K

Total assetsLn 16$330K

LiabilitiesLn 26$160K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$84K

Fees for servicesLn 2g$503K

Investment incomeLn 3$4K

Total revenueLn 12$591K

Assets in detailPt X, end of year

CashLn 1$102K

SavingsLn 2$193K

Cash and savings togetherLn 1–2$296K

Land, buildings, equipmentLn 10c$20K

Total assetsLn 16$330K

LiabilitiesLn 26$160K

Net assetsLn 32$170K

OperationsPt I, VI

EmployeesI 514

VolunteersI 650

Fiscal year endsHeaderJune

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$244K	$296K
Land, buildings, equipmentLn 10c	$20K	$20K
Total assetsLn 16	$279K	$330K
LiabilitiesLn 26	$66K	$160K
Net assetsLn 32	$213K	$170K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$453K	$453K
Other employee benefitsLn 9	$58K	$58K
Payroll taxesLn 10	$32K	$32K
Accounting feesLn 11c	$2K	$2K
Other fees for servicesLn 11g	$18K	$18K
Advertising and promotionLn 12	$8K	$8K
Office expensesLn 13	$21K	$21K
OccupancyLn 16	$54K	$54K
TravelLn 17	$2K	$2K
Conferences, conventions and meetingsLn 19	$2K	$2K
Depreciation, depletion and amortizationLn 22	$1K	$1K
InsuranceLn 23	$5K	$5K
Other expenses (24a–d)Ln 24	$70K	$70K
All other expensesLn 24e	$23K	$23K
Total functional expensesLn 25	$748K	$748K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Nov 14, 2025	$608K	$826K	−$218K	$75K	990 PDF
FY2024 ViewingFiled with the IRS Jan 23, 2025	$591K	$748K	−$157K	$170K	990 PDF
FY2023Filed with the IRS Nov 15, 2023	$655K	$757K	−$103K	$213K	990 PDF
FY2022Filed with the IRS Nov 15, 2022	$724K	$723K	$518	$316K	990 PDF
FY2021Filed with the IRS Nov 15, 2021	$760K	$684K	$76K	$216K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $590,956 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $74,900$84,194

I-9 Program service revenuePrior year $577,160$502,505

I-10 Investment incomePrior year $2,533$4,257

I-11 Other revenue$0

I-12 Total revenuePrior year $654,593$590,956

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $504,689$542,902

I-16a Professional fundraising feesPrior year $2,516$0

I-17 Other expensesPrior year $250,036$205,405

I-18 Total expensesPrior year $757,241$748,307

I-19 Revenue less expensesPrior year −$102,648−$157,351

Part VI · Governance 4 of 4 board members independent, 3 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $590,956 across 5 lines filed

VIII-1f All other contributions, gifts and grants$84,194

VIII-1h Total contributions, gifts and grants$84,194

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $502,505$502,505

VIII-3 Investment incomeRelated to mission $4,257$4,257

VIII-12 Total revenueRelated to mission $506,762$590,956

Part IX · Statement of functional expenses $748,307 across 14 lines filed

IX-7 Other salaries and wagesPrograms $452,839$452,839

IX-9 Other employee benefitsPrograms $58,018$58,018

IX-10 Payroll taxesPrograms $32,045$32,045

IX-11c Accounting feesPrograms $1,500$1,500

IX-11g Other fees for servicesPrograms $18,107$18,107

IX-12 Advertising and promotionPrograms $8,483$8,483

IX-13 Office expensesPrograms $20,966$20,966

IX-16 OccupancyPrograms $53,875$53,875

IX-17 TravelPrograms $1,948$1,948

IX-19 Conferences, conventions and meetingsPrograms $1,709$1,709

IX-22 Depreciation, depletion and amortizationPrograms $1,344$1,344

IX-23 InsurancePrograms $4,983$4,983

IX-24 Other expenses (24a–d)Programs $69,916$69,916

IX-24e All other expensesPrograms $22,574$22,574

IX-25 Total functional expensesPrograms $748,307 · Management $0 · Fundraising $0$748,307

Part X · Balance sheet $329,567 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $67,720$102,498

X-2 Savings and temporary cash investmentsStart of year $175,975$193,367

X-4 Accounts receivableStart of year $14,464$14,202

X-10c Land, buildings and equipment, netStart of year $20,441$19,500

X-16 Total assetsStart of year $278,600$329,567

X-17 Accounts payable and accrued expensesStart of year $8,632$13,196

X-19 Deferred revenueStart of year $57,116$146,870

X-26 Total liabilitiesStart of year $65,748$160,066

X-27 Net assets without donor restrictionsStart of year $212,852$169,501

X-32 Total net assets or fund balancesStart of year $212,852$169,501

X-33 Total liabilities and net assetsStart of year $278,600$329,567

Part XI · Reconciliation of net assets $169,501 net assets at year end

XI-1 Total revenue$590,956

XI-2 Total expenses$748,307

XI-3 Revenue less expenses−$157,351

XI-4 Net assets at start of year$212,852

XI-9 Other changes in net assets$114,000

XI-10 Net assets at end of year$169,501

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

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Grace Prep Incorporated FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Grace Prep Incorporated

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV