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Graces Way INC FY2022 filing

Tax-deductible

Georgetown, OH501(c)(3)Since 2007HousingEIN 20-8337541Revenue $45K in FY2022

On file with the IRS406 W Plum St, 45121-1056 · Georgetown, OHTax-exempt since Mar 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To provide facilities & services designed to meet the physical, social and psychological needs for elderly & handicapped individuals.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $9K a year · 19% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$458K
109% of total assets
Concern: liabilities are 109% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$45K
-4% vs prior year
Spent
$64K
To programs
82%
Net assets
−$37K
By yearFY2020–FY2025
Revenue
$45K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$47K
FY2022$45K
FY2023$48K
FY2024$48K
FY2025$51K
Expenses
$64K
FY2022▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020$46K
FY2021$54K
FY2022$64K
FY2023$58K
FY2024$62K
FY2025$59K
Net assets
−$37K
FY2022▼ -103%
Tap a bar for its year
Net assets by fiscal year
FY2020−$11K
FY2021−$18K
FY2022−$37K
FY2023$400K
FY2024$387K
FY2025$379K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 2007.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $53K Management & general 18% · $11K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Cassidy
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Janie Phillips
Fiscal Direc
$0Pt VII · Sec A
Mandy Reis
Trustee
$0Pt VII · Sec A
Nancy Darby
Secretary
$0Pt VII · Sec A
Daniel Wickerham
Executive Di
$0Pt VII · Sec A
See Graces Way INC executive salaries →

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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 15aYes

Programs and updates

Supports elderly and handicapped individuals with facilities and services for their physical, social, and psychological well-being.

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Provided by the organization

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1 program · $53K · in their own filed words · FY2022
01

To provide facilities & services designed to meet the physical, social and psychological needs for elderly and handicapped idividuals.

$53Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$45K
Ln 12
Fees for servicesLn 2g$45K
Other incomeLn 4–11$615
Investment incomeLn 3$33
Money outPt IX
$64K
Ln 25
Programscol B$53K
Managementcol C$11K
Owns and owesPt X
−$37K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$421K
LiabilitiesLn 26$458K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$45K
Investment incomeLn 3$33
Other incomeLn 4–11$615
Total revenueLn 12$45K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$367K
Other assetsLn 15$52K
Total assetsLn 16$421K
LiabilitiesLn 26$458K
Net assetsLn 32−$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$10K$2K
Land, buildings, equipmentLn 10c$382K$367K
Total assetsLn 16$440K$421K
LiabilitiesLn 26$458K$458K
Net assetsLn 32−$18K−$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$11K$3K$8K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$210$210
Office expensesLn 13$3K$3K
Conferences, conventions and meetingsLn 19$75$75
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$22K$22K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$64K$53K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $51K$59K−$7K$379K 990 PDF
FY2024 $48K$62K−$13K$387K 990 PDF
FY2023 $48K$58K−$10K$400K 990 PDF
FY2022 Viewing $45K$64K−$19K−$37K 990 PDF
FY2021 $47K$54K−$7K−$18K 990 PDF
FY2020 $49K$46K$3K−$11K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $45,222 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $46,439$44,574
I-10 Investment incomePrior year $29$33
I-11 Other revenuePrior year $615$615
I-12 Total revenuePrior year $47,083$45,222
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,037$10,504
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,918$53,521
I-18 Total expensesPrior year $53,955$64,025
I-19 Revenue less expensesPrior year −$6,872−$18,803
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $45,222 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,574$44,574
VIII-3 Investment incomeExcluded from tax $33$33
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $615$615
VIII-12 Total revenueRelated to mission $44,574 · Excluded from tax $648$45,222
Part IX · Statement of functional expenses $64,025 across 10 lines filed
IX-7 Other salaries and wagesPrograms $2,680 · Management $7,824$10,504
IX-11a Management feesManagement $3,397$3,397
IX-11c Accounting feesPrograms $3,509$3,509
IX-12 Advertising and promotionPrograms $210$210
IX-13 Office expensesPrograms $3,165$3,165
IX-19 Conferences, conventions and meetingsPrograms $75$75
IX-22 Depreciation, depletion and amortizationPrograms $16,499$16,499
IX-23 InsurancePrograms $1,826$1,826
IX-24 Other expenses (24a–d)Programs $21,698$21,698
IX-24e All other expensesPrograms $3,142$3,142
IX-25 Total functional expensesPrograms $52,804 · Management $11,221 · Fundraising $0$64,025
Part X · Balance sheet $421,363 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $10,251$2,005
X-4 Accounts receivableStart of year $224$224
X-10c Land, buildings and equipment, netStart of year $382,229$367,410
X-15 Other assetsStart of year $47,303$51,724
X-16 Total assetsStart of year $440,007$421,363
X-17 Accounts payable and accrued expensesStart of year $10,024$10,022
X-25 Other liabilitiesStart of year $448,272$448,433
X-26 Total liabilitiesStart of year $458,296$458,455
X-27 Net assets without donor restrictionsStart of year −$18,289−$37,092
X-32 Total net assets or fund balancesStart of year −$18,289−$37,092
X-33 Total liabilities and net assetsStart of year $440,007$421,363
Part XI · Reconciliation of net assets −$37,092 net assets at year end
XI-1 Total revenue$45,222
XI-2 Total expenses$64,025
XI-3 Revenue less expenses−$18,803
XI-4 Net assets at start of year−$18,289
XI-10 Net assets at end of year−$37,092

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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