Gracepoint School INC FY2022 filing

Tax-deductible

Marietta, GA501(c)(3)Since 2012EducationEIN 45-4397361Revenue $4.6M in FY2022

On file with the IRS1407 Cobb Pkwy N, 30062-2425 · Marietta, GATax-exempt since Aug 2012School — 170(b)(1)(A)(ii)

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To operate an accredited School for dyslexic students, equipping them with the skills needed to develop them into independent and confident learners through sequential, systematic multisensory instruction.

501(c)(3) charity; gifts are tax-deductible.
93¢ 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
6 of 6
filings with a surplus
Average surplus $790K a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $776K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
+35% vs prior year
Spent
$3.3M
To programs
93%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$4.6M
FY2022▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$3.4M
FY2022$4.6M
FY2023$4.4M
FY2024$4.5M
FY2025$5.5M
Expenses
$3.3M
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$3.3M
FY2023$3.7M
FY2024$3.9M
FY2025$4.0M
Net assets
$2.5M
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020$810K
FY2021$1.3M
FY2022$2.5M
FY2023$3.3M
FY2024$3.9M
FY2025$5.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · 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 Aug 2012.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $3.1M Management & general 6% · $209K Fundraising 1% · $19K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Liz Powell’s $52K as Director is at the 8th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2023FY2021
Joy Wood—$112,168
Liz Powell$52,000—

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.

See Gracepoint School 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 15aNo

Programs and updates

Teaches dyslexic students using multisensory methods to build confidence and independence.

Questions for Gracepoint School INC

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2021
01

Providing specialized education to over 130 dyslexic students.

$3.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Fees for servicesLn 2g$3.1M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$28K
Money outPt IX
$3.3M
Ln 25
Programscol B$3.1M
Managementcol C$209K
Fundraisingcol D$19K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$5.3M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fundraising eventsLn 1c$1.5M
Fees for servicesLn 2g$3.1M
Investment incomeLn 3$322
Other incomeLn 4–11$28K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$4.2M
Total assetsLn 16$5.3M
LiabilitiesLn 26$2.7M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 566
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$767K$1.1M
Land, buildings, equipmentLn 10c$700K$4.2M
Total assetsLn 16$1.5M$5.3M
LiabilitiesLn 26$190K$2.7M
Net assetsLn 32$1.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.7M$2.5M$165K
Accounting feesLn 11c$9K$8K$630
Advertising and promotionLn 12$68K$50K$19K
OccupancyLn 16$143K$133K$10K
InterestLn 20$16K$15K$1K
Depreciation, depletion and amortizationLn 22$136K$126K$9K
Other expenses (24a–d)Ln 24$322K$300K$23K
Total functional expensesLn 25$3.3M$3.1M$209K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.5M$4.0M$1.5M$5.4M 990 PDF
FY2024 $4.5M$3.9M$592K$3.9M 990 PDF
FY2023 $4.4M$3.7M$710K$3.3M 990 PDF
FY2022 Viewing $4.6M$3.3M$1.3M$2.5M 990 PDF
FY2021 $3.4M$2.9M$467K$1.3M 990 PDF
FY2020 $3.0M$2.8M$149K$810K 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 $4,621,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $675,010$1,508,875
I-9 Program service revenuePrior year $2,737,813$3,084,402
I-10 Investment incomePrior year $245$322
I-11 Other revenue$27,650
I-12 Total revenuePrior year $3,413,068$4,621,249
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,387,726$2,655,499
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $558,462$693,946
I-18 Total expensesPrior year $2,946,188$3,349,445
I-19 Revenue less expensesPrior year $466,880$1,271,804
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $4,621,249 across 6 lines filed
VIII-1c Fundraising events$1,508,875
VIII-1h Total contributions, gifts and grants$1,508,875
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,084,402$3,084,402
VIII-3 Investment incomeRelated to mission $322$322
VIII-6 Net rental income or lossRelated to mission $27,650$27,650
VIII-12 Total revenueRelated to mission $3,112,374 · Unrelated business $0 · Excluded from tax $0$4,621,249
Part IX · Statement of functional expenses $3,349,445 across 7 lines filed
IX-7 Other salaries and wagesPrograms $2,490,314 · Management $165,185$2,655,499
IX-11c Accounting feesPrograms $8,370 · Management $630$9,000
IX-12 Advertising and promotionPrograms $49,869 · Fundraising $18,534$68,403
IX-16 OccupancyPrograms $132,847 · Management $10,000$142,847
IX-20 InterestPrograms $14,852 · Management $1,118$15,970
IX-22 Depreciation, depletion and amortizationPrograms $126,143 · Management $9,495$135,638
IX-24 Other expenses (24a–d)Programs $299,542 · Management $22,546$322,088
IX-25 Total functional expensesPrograms $3,121,937 · Management $208,974 · Fundraising $18,534$3,349,445
Part X · Balance sheet $5,297,603 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $766,986$1,078,002
X-10c Land, buildings and equipment, netStart of year $699,940$4,219,601
X-16 Total assetsStart of year $1,466,926$5,297,603
X-17 Accounts payable and accrued expensesStart of year $12,028$19,192
X-19 Deferred revenueStart of year $178,291$209,000
X-25 Other liabilities$21,000
X-26 Total liabilitiesStart of year $190,319$2,749,192
X-27 Net assets without donor restrictionsStart of year $1,276,607$2,548,411
X-32 Total net assets or fund balancesStart of year $1,276,607$2,548,411
X-33 Total liabilities and net assetsStart of year $1,466,926$5,297,603
Part XI · Reconciliation of net assets $2,548,411 net assets at year end
XI-1 Total revenue$4,621,249
XI-2 Total expenses$3,349,445
XI-3 Revenue less expenses$1,271,804
XI-4 Net assets at start of year$1,276,607
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,548,411

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

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