Grace Point Child Development

IRS exemption revoked

Indianapolis, INUnknown exempt organizationEIN 30-0330356Revenue $527K in FY2020

On file with the IRS10951 E Cty Rd 100 S · Indianapolis, IN

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Grace pointe Child Development ministries exists to serve the families of its surrounding communities by offering superior childcare and Development in a multi-cultural, christian environment.

82¢ of each $1 spent went to programs.
Run by 2 volunteers and 24 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
−$2K
-2% of total assets
Looks good: liabilities are -2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$527K
Spent
$573K
To programs
82%
Net assets
$103K

From the FY2020 Form 990 (year ending July 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on December 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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% · $470K Management & general 17% · $95K Fundraising 1% · $8K

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

4 people listed on the 990; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$38,740Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grace Point Child Development 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 15aNo

Programs and updates

Provides superior childcare and development in a multi-cultural, Christian setting for local families.

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Provided by the organization

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1 program · $470K · in their own filed words · FY2019
01

Grace pointe child development ministries, inc. Provides childcare and preschool services to approximately 100 children from the community, monday-friday 6:15 am to 6:00 PM year round. The goal of this program is to provide a safe, christian environment for young children to grow in the present, and a better community in the future.

$470Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$527K
Ln 12
Fees for servicesLn 2g$522K
Gifts and grantsLn 1h$4K
Money outPt IX
$573K
Ln 25
Programscol B$470K
Managementcol C$95K
Fundraisingcol D$8K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$65K
Total assetsLn 16$101K
LiabilitiesLn 26−$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$522K
Total revenueLn 12$527K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$65K
Land, buildings, equipmentLn 10c$37K
Total assetsLn 16$101K
LiabilitiesLn 26−$2K
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 524
VolunteersI 62
Fiscal year endsHeaderJuly
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 FY20End FY20
Cash and savingsLn 1–2$95K$65K
Land, buildings, equipmentLn 10c$37K$37K
Total assetsLn 16$132K$101K
LiabilitiesLn 26$2K−$2K
Net assetsLn 32$130K$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$39K$32K$7K
Other salaries and wagesLn 7$392K$321K$71K
Payroll taxesLn 10$10K$8K$2K
Other fees for servicesLn 11g$2K$1K$310
Office expensesLn 13$59K$48K$11K
OccupancyLn 16$20K$16K$4K
TravelLn 17$353$289$64
Conferences, conventions and meetingsLn 19$2K$1K$299
Other expenses (24a–d)Ln 24$46K$39K$8K
All other expensesLn 24e$3K$2K$355
Total functional expensesLn 25$573K$470K$95K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $527K$573K−$46K$103K 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 FY2020 990 (6 parts)
Part I · Summary $526,697 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,005$4,384
I-9 Program service revenuePrior year $688,117$522,313
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $694,122$526,697
I-13 Grants and similar amounts paidPrior year $2,415$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $507,732$440,674
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $134,533$131,891
I-18 Total expensesPrior year $644,680$572,565
I-19 Revenue less expensesPrior year $49,442−$45,868
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $526,697 across 4 lines filed
Lines not itemized here account for $1,801 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,384
VIII-1h Total contributions, gifts and grants$4,384
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $520,512$520,512
VIII-12 Total revenueRelated to mission $522,313 · Unrelated business $0 · Excluded from tax $0$526,697
Part IX · Statement of functional expenses $572,565 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $31,752 · Management $6,988$38,740
IX-7 Other salaries and wagesPrograms $321,058 · Management $70,661$391,719
IX-10 Payroll taxesPrograms $8,372 · Management $1,843$10,215
IX-11g Other fees for servicesPrograms $1,409 · Management $310$1,719
IX-13 Office expensesPrograms $48,459 · Management $10,666$59,125
IX-16 OccupancyPrograms $16,392 · Management $3,608$20,000
IX-17 TravelPrograms $289 · Management $64$353
IX-19 Conferences, conventions and meetingsPrograms $1,356 · Management $299$1,655
IX-24 Other expenses (24a–d)Programs $38,895 · Fundraising $7,586$46,481
IX-24e All other expensesPrograms $2,203 · Management $355$2,558
IX-25 Total functional expensesPrograms $470,185 · Management $94,794 · Fundraising $7,586$572,565
Part X · Balance sheet $101,217 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $72,555$28,816
X-2 Savings and temporary cash investmentsStart of year $22,466$35,865
X-4 Accounts receivable$0
X-10c Land, buildings and equipment, netStart of year $36,536$36,536
X-16 Total assetsStart of year $131,557$101,217
X-17 Accounts payable and accrued expensesStart of year $1,659−$2,113
X-26 Total liabilitiesStart of year $1,659−$2,113
X-32 Total net assets or fund balancesStart of year $129,898$103,330
X-33 Total liabilities and net assetsStart of year $131,557$101,217
Part XI · Reconciliation of net assets $103,330 net assets at year end
XI-1 Total revenue$526,697
XI-2 Total expenses$572,565
XI-3 Revenue less expenses−$45,868
XI-4 Net assets at start of year$129,898
XI-8 Prior period adjustments$19,300
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$103,330

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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