Gracepoint School INC FY2023 filing

Tax-deductible

Marietta, GA501(c)(3)Since 2012EducationEIN 45-4397361

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.
92¢ of each $1 spent went to programs.
$104K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $638K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 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
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
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
$4.4M
-5% vs prior year
Spent
$3.7M
To programs
92%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$4.4M
FY2023▼ -5%
Revenue by fiscal year
FY2020$3.0M
FY2021$3.4M
FY2022$4.6M
FY2023$4.4M
FY2024$4.5M
FY2024$5.5M
Expenses
$3.7M
FY2023▲ +10%
Expenses by fiscal year
FY2020$2.8M
FY2021$2.9M
FY2022$3.3M
FY2023$3.7M
FY2024$3.9M
FY2024$4.0M
Net assets
$3.3M
FY2023▲ +28%
Net assets by fiscal year
FY2020$810K
FY2021$1.3M
FY2022$2.5M
FY2023$3.3M
FY2024$3.9M
FY2024$5.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2012.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $3.4M Management & general 8% · $287K Fundraising 0% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

30 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$52,000Pt VII · Sec A
Director
$52,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 →

Are you one of these people? Claim this org to confirm your role

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.

Provided by the organization

This section is blank until Gracepoint School INC claims this page.

Know this organization? Claim it to add your story

2 program services account for $6.8M of program spending, described in the organization's own filed words · FY2022.
01

Providing specialized education to over 130 dyslexic students.

$3.4Mprogram expense
02

Providing specialized education to over 130 dyslexic students.

$3.4Mprogram expense

Run this program? Claim this org to tell your story

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Fees for servicesLn 2g$3.3M
Gifts and grantsLn 1h$943K
Other incomeLn 4–11$126K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.4M
Managementcol C$287K
Fundraisingcol D$12K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$6.0M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
30
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$943K
Government grantsLn 1e$293K
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$17K
Other incomeLn 4–11$126K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$1.8M
Total assetsLn 16$6.0M
LiabilitiesLn 26$2.7M
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 566
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.5M$3.9M$592K$3.9M 990 PDF
FY2023 Viewing $4.4M$3.7M$710K$3.3M 990 PDF
FY2022 $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

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.