The Grace Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 30-0837869)

Revenue by fiscal year
FY2020	$77K
FY2021	$138K
FY2022	$352K
FY2023	$235K
FY2024	$273K
FY2025	$235K

Expenses by fiscal year
FY2020	$55K
FY2021	$85K
FY2022	$365K
FY2023	$223K
FY2024	$206K
FY2025	$163K

Net assets by fiscal year
FY2020	$146K
FY2021	$250K
FY2022	$160K
FY2023	$259K
FY2024	$403K
FY2025	$656K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2014.

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

Where the money goes

76 cents of each dollar spent went to programs.

76%

15%

Program services 76% · $64K Management & general 15% · $13K Fundraising 10% · $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

7 people listed on the 990.

Part VII, Section A · reportable compensation

Brian Hanson

Director

$0Pt VII · Sec A

Peter Melsness

Treasurer & Director

$0Pt VII · Sec A

Chris Baum

President & Director

$0Pt VII · Sec A

Christie Atwell

Secretary & Director

$0Pt VII · Sec A

Paul Lindell

Director

$0Pt VII · Sec A

Susanna Stone

Director

$0Pt VII · Sec A

Scott Peloquin

Director

$0Pt VII · Sec A

See The Grace Foundation 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 financial support to Christian schools in Rochester.

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Provided by the organization

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3 programs · $64K · in their own filed words · FY2021

01

General fund grant committed to benefit students of rochester central lutheran school. People to benefit - 1 to 6.

$37Kprogram expense

02

Grant to fund I.T. Or infrastructure project for the clubhouse at rochester central lutheran school. People to benefit - 400.

$27Kprogram expense

03

Scholarship grant committed to benefit students of rochester central lutheran school with tuition assistance. People to benefit - 1 to 10.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2021

Fidelity Investments Charitable Gift FundFY2021$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 6 grants · $724K · 2020–2025

Rochester Centeral Lutheran SchoolFY2025$77,225

Rochester Centeral Lutheran SchoolFY2024$128,631

Rochester Centeral Lutheran SchoolFY2023$160,184

Rochester Centeral Lutheran SchoolFY2022$296,901

Rochester Central Lutheran School Association INCMN · FY2021$27,075

Rochester Central Lutheran School Association INCMN · FY2020$33,788

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$138K

Ln 12

Gifts and grantsLn 1h$115K

Other incomeLn 4–11$17K

Investment incomeLn 3$7K

Money outPt IX

$85K

Ln 25

Programscol B$64K

Managementcol C$13K

Fundraisingcol D$8K

Owns and owesPt X

$250K

net assets · Ln 32

Cash and savingsLn 1–2$50K

Total assetsLn 16$456K

LiabilitiesLn 26$207K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$115K

Fundraising eventsLn 1c$40K

Investment incomeLn 3$7K

Other incomeLn 4–11$17K

Total revenueLn 12$138K

Assets in detailPt X, end of year

SavingsLn 2$50K

Cash and savings togetherLn 1–2$50K

InvestmentsLn 11–13$394K

Total assetsLn 16$456K

LiabilitiesLn 26$207K

Net assetsLn 32$250K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$70K	$50K
InvestmentsLn 11–13	$233K	$394K
Total assetsLn 16	$317K	$456K
LiabilitiesLn 26	$171K	$207K
Net assetsLn 32	$146K	$250K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$64K	$64K
Legal feesLn 11b	$10K		$8K	$2K
Other fees for servicesLn 11g	$99		$99
Advertising and promotionLn 12	$294		$294
Office expensesLn 13	$1K		$1K	$250
Information technologyLn 14	$5K		$3K	$2K
TravelLn 17	$23		$23
Other expenses (24a–d)Ln 24	$4K		$25	$3K
Total functional expensesLn 25	$85K	$64K	$13K	$8K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$235K	$163K	$72K	$656K	990 PDF
FY2024	$273K	$206K	$67K	$403K	990 PDF
FY2023	$235K	$223K	$11K	$259K	990 PDF
FY2022	$352K	$365K	−$12K	$160K	990 PDF
FY2021 Viewing	$138K	$85K	$53K	$250K	990 PDF
FY2020	$77K	$55K	$22K	$146K	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 FY2021 990 (6 parts)

Part I · Summary $138,445 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $60,999$114,593

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $3,428$6,534

I-11 Other revenuePrior year $12,697$17,318

I-12 Total revenuePrior year $77,124$138,445

I-13 Grants and similar amounts paidPrior year $33,788$64,171

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $21,702$20,787

I-18 Total expensesPrior year $55,490$84,958

I-19 Revenue less expensesPrior year $21,634$53,487

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $138,445 across 7 lines filed

VIII-1b Membership dues$22,650

VIII-1c Fundraising events$39,900

VIII-1f All other contributions, gifts and grants$52,043

VIII-1h Total contributions, gifts and grants$114,593

VIII-3 Investment incomeExcluded from tax $6,534$6,534

VIII-8 Net income from fundraising eventsExcluded from tax $17,318$17,318

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $23,852$138,445

Part IX · Statement of functional expenses $84,958 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $64,171$64,171

IX-11b Legal feesManagement $8,213 · Fundraising $2,053$10,266

IX-11g Other fees for servicesManagement $99$99

IX-12 Advertising and promotionManagement $294$294

IX-13 Office expensesManagement $1,017 · Fundraising $250$1,267

IX-14 Information technologyManagement $2,935 · Fundraising $2,401$5,336

IX-17 TravelManagement $23$23

IX-24 Other expenses (24a–d)Management $25 · Fundraising $3,477$3,502

IX-25 Total functional expensesPrograms $64,171 · Management $12,606 · Fundraising $8,181$84,958

Part X · Balance sheet $456,338 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $69,874$49,672

X-3 Pledges and grants receivableStart of year $14,300$12,500

X-11 Publicly traded securitiesStart of year $232,671$394,166

X-16 Total assetsStart of year $316,845$456,338

X-17 Accounts payable and accrued expensesStart of year $746$617

X-18 Grants payableStart of year $170,528$206,124

X-26 Total liabilitiesStart of year $171,274$206,741

X-32 Total net assets or fund balancesStart of year $145,571$249,597

X-33 Total liabilities and net assetsStart of year $316,845$456,338

Part XI · Reconciliation of net assets $249,597 net assets at year end

XI-1 Total revenue$138,445

XI-2 Total expenses$84,958

XI-3 Revenue less expenses$53,487

XI-4 Net assets at start of year$145,571

XI-5 Net unrealized gains (losses) on investments$50,539

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$249,597

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Grace Foundation FY2021 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 The Grace Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV