Vincent Gray Academy EIN 37-1087899 Form 990 (PDF) Claim this org

Vincent Gray Academy

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Operates an alternative high school for students needing a different educational path. For fiscal year 2024 it reported $172K in revenue, $263K in expenses, and $252K in net assets.Pt I

Founded
1980
Type
Public charity (501(c)(3)) · Nonprofit
Location
East Saint Louis, IL
Website
www.vincentgray.org
Filings
5 on file (2020–2024)
Revenue
$172KFY2024
Expenses
$263K
Net assets
$252K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  37-1087899 Public charity (501(c)(3)) East Saint Louis, IL Founded 1980
Form 990 (PDF)
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Size
$100K–1M
What they do
Operates an alternative high school for students needing a different educational path.
Leadership
Lillian Grinston · Executive Director · $58K
Money in and out
$172K revenue, $263K expenses
Bottom line
49% program efficiency
Where the money goes · FY2024
Total revenue
$172K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$252K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$91K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.32 Fundraising $0.20
Program efficiency
49%
of spending reaches programs-0.2% vs prior filing year
Operating runway
7.9mo
months of highly liquid reserves at operating expense rate▼ -28% vs prior filing year
Surplus margin
-53%
revenue over expenses, this year▼ -235% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$172K
FY2024▼ -27%
Expenses
$263K
FY2024▼ -4%
Total assets
$252K
FY2024▼ -25%
Total liabilities
$0
FY2024
Total revenue
$172K
Pt VIII · Ln 12
Total expenses
$263K
Pt IX · Ln 25
Net assets
$252K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$91K
Total assetsPt X · Ln 16$252K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVincent Gray Academy
EINHdr · item D37-1087899
Principal addressHdr · item CEast Saint Louis, IL
WebsiteHdr · item Jwww.vincentgray.org
Year of formationHdr · item L1980
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$57,800Pt VII · Sec A
$3,780Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lillian Grinston$57,800$58,258$56,320$55,800$54,567$55,817
Rev Phoenix Barnes$3,780$5,190$8,070$8,580$8,760$7,050

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $128K of program spending, described in the organization's own filed words · FY2024.
01

The operation of an alternative high school in which at risk students attend classes monday through thursday from 9 to 3 and friday from 9 to noon. Approximately 40 students were enrolled.

$128Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$162K · 94%
Investment income$7K · 4%
Other revenue$3K · 2%
Contributions & grants94%$162K
Investment income4%$7K
Other revenue2%$3K
Total revenueLn 12$172K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.32 Fundraising $0.20
Program services49%$128K
Management & general32%$83K
Fundraising20%$52K
Total functional expensesLn 25$263K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$252K
Total liabilitiesLn 26$0
Total net assetsLn 32$252K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $174K · Operating expenses/yr $263K
7.9 months
Where the money goes
Program services
Program services $128K · Total expenses $263K
49%
Management & General
Management & general $83K · Total expenses $263K
32%
Fundraising
Fundraising $52K · Total expenses $263K
20%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $203K
$0.21 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $162K · Total revenue $172K
94%
Government reliance
Government grants — · Total revenue $172K
Earned-income share
Program service revenue $0 · Total revenue $172K
0%
Investment reliance
Investment income $7K · Total revenue $172K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $263K
0%
Growth & trend
Revenue growth (YoY)
This year $172K · Prior year $237K
-27%
Revenue CAGR
FY2019 $363K · FY2024 $172K
-14%
Net-asset trend (YoY)
End of year $252K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $172K · Expenses $263K
-53%
Liabilities-to-Assets
Total liabilities — · Total assets $252K
Net-asset ratio
Net assets $252K · Total assets $252K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $151K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $252K
60%
People & payroll
Highest Reported Total Compensation
Individual Lillian Grinston · Reported title Executive Director · Highest reported compensation $58K · Total expenses $263K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $194K · Total expenses $263K
74%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 49%
Overhead ratio 32%
Fundraising cost ratio 32%
Revenue growth -27%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$237K revenue · ⤓ 990 PDF
FY2023$217K revenue · ⤓ 990 PDF
FY2022$278K revenue · ⤓ 990 PDF
FY2021$409K revenue · ⤓ 990 PDF
FY2020$363K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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