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Grace for Impact

Dallas, TX · Unknown exempt organization

✕ IRS exemption revoked
Revenue
$675K
-38% vs prior year
Spent
$787K
To programs
99%
Net assets
−$132K
By yearFY2020–FY2021
Revenue
$675K
FY2021▼ -38%
Revenue by fiscal year
FY2020$1.1M
FY2021$675K
Expenses
$787K
FY2021▼ -30%
Expenses by fiscal year
FY2020$1.1M
FY2021$787K
Net assets
−$132K
FY2021▼ -547%
Net assets by fiscal year
FY2020−$20K
FY2021−$132K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim this org
IRS revoked this organization's tax-exempt status on May 15, 2025

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2025-05-15)
On the IRS revocation list.
Filing up to date?
No filing since FY2021 — 5 yrs
Legal name (IRS)Hdr · item CGrace for Impact
EINHdr · item D26-3273270
Exempt statusHdr · item IRevoked
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CDallas, TX
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.graceforimpact.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$777K
Management & general1%$10K
Total functional expensesLn 25$787K

Financial health

Is it on solid ground?

Surplus margin
-17%
revenue over expenses, this year▼ -612% vs prior filing year
Program spending
99%
of expenses reach programs-0.2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$17K
FY2021▼ -86%
Total assets by fiscal year
FY2020$129K
FY2021$17K
Total liabilities
$150K
FY2021>-0.01%
Total liabilities by fiscal year
FY2020$150K
FY2021$150K
Revenue less expensesPt I · Ln 19−$112K
Total assetsPt X · Ln 16$17K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$17K
Total liabilitiesLn 26$150K
Total net assetsLn 32−$132K
Months of cash on handcomputed0.3

Statement of Revenue

Part VIII
Contributions & grants100%$675K
Total revenueLn 12$675K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses (Pt IX) $787K · Less non-cash grants $637K · Cash operating expenses/yr $149K
1.4 months
Where the money goes
Program services
Program services $777K · Total expenses $787K
99%
Management & General
Management & general $10K · Total expenses $787K
1%
Fundraising
Fundraising $0 · Total expenses $787K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $738 · Solicited contributions (2-yr avg) $884K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $675K · Total revenue $675K
100%
Government reliance
Government grants — · Total revenue $675K
—
Earned-income share
Program service revenue $0 · Total revenue $675K
0%
Investment reliance
Investment income $0 · Total revenue $675K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $787K
0%
Growth & trend
Revenue growth (YoY)
This year $675K · Prior year $1.1M
-38%
Net-asset trend (YoY)
End of year −$132K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $675K · Expenses $787K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $17K
—
Net-asset ratio
Net assets −$132K · Total assets $17K
-758%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $17K
0%
People & payroll
Highest Reported Total Compensation
Individual Adesola Nichael Dada Rnbsma · Reported title Director · Highest reported compensation $0 · Total expenses $787K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $787K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 0%——
Revenue growth -38%——
Investment management fee ratio 0%——
Legal fee ratio 0.06%——
Accounting fee ratio 0.10%——
Fundraising 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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dapo Oriola
Board Chairman
$0Pt VII · Sec A
See Grace for Impact executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides health and education solutions to empower the poor and vulnerable globally.

Provided by the organization

This section is blank until Grace for Impact claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $777K of program spending, described in the organization's own filed words · FY2021.
01

Form 990, Part III, Line 4a

Program Service AccomplishmentsGrace for Impact provides demand driven, scalable and sustainable solutions byengaging and supporting the rural poor and vulnerable through cost effective, health, eye healthand education initiatives, to create a tangible and lasting impact.

$777Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest Viewing $675K$787K-38% 990 PDF
FY2020 $1.1M$1.1M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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