Gracia INC Nfp

Tax-deductible

Chicago, IL501(c)(3)InternationalEIN 46-1752500Revenue $179K in FY2024

On file with the IRSgraciainc.org1341 W Fullerton Ste 203, 60614-2362 · Chicago, ILTax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The mission at Gracia is to economically empower young women in guatemala. Economic empowerment means young women are able to earn income, become financially literate, live independently, and stand up for themselves.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 35 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $2K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $58K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$179K
+14% vs prior year
Spent
$130K
To programs
76%
Net assets
$68K
By yearFY2020–FY2024
Revenue
$179K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$131K
FY2021$142K
FY2022$95K
FY2023$157K
FY2024$179K
Expenses
$130K
FY2024▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$125K
FY2021$116K
FY2022$128K
FY2023$194K
FY2024$130K
Net assets
$68K
FY2024▲ +257%
Tap a bar for its year
Net assets by fiscal year
FY2020$64K
FY2021$90K
FY2022$57K
FY2023$19K
FY2024$68K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

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

Program services 76% · $99K Management & general 24% · $32K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Clare Johnston Kunkel’s $46K as Board Member/Exec Dir. is at the 42nd percentile of top reported officer pay among 1637 $100K–1M international 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Clare Johnston Kunkel$45,833$58,750$55,319$51,000

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.

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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 15aYes

Programs and updates

Empowers young Guatemalan women to earn income, gain financial literacy, and live independently.

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Provided by the organization

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1 program · $99K · in their own filed words · FY2024
01

Economically Empower Young Women

Through a structured learning program of practical skills enabling women to become self-reliant and economically independent.

$99Kprogram 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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$179K
Ln 12
Gifts and grantsLn 1h$201K
Investment incomeLn 3$3
Money outPt IX
$130K
Ln 25
Programscol B$99K
Managementcol C$32K
Owns and owesPt X
$68K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$92K
LiabilitiesLn 26$24K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Fundraising eventsLn 1c$8K
Investment incomeLn 3$3
Total revenueLn 12$179K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$348
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$92K
LiabilitiesLn 26$24K
Net assetsLn 32$68K
OperationsPt I, VI
EmployeesI 53
VolunteersI 635
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$39K$79K
InvestmentsLn 11–13$348$348
Land, buildings, equipmentLn 10c$72$0
Total assetsLn 16$52K$92K
LiabilitiesLn 26$33K$24K
Net assetsLn 32$19K$68K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$58K$58K
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$13K$5K$8K
Information technologyLn 14$5K$5K
TravelLn 17$13K$13K
InterestLn 20$10$10
Depreciation, depletion and amortizationLn 22$72$72
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$7K$2K$5K
Total functional expensesLn 25$130K$99K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $179K$130K$49K$68K 990 PDF
FY2023 $157K$194K−$37K$19K 990 PDF
FY2022 $95K$128K−$33K$57K 990 PDF
FY2021 $142K$116K$25K$90K 990 PDF
FY2020 $131K$125K$6K$64K 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 FY2024 990 (6 parts)
Part I · Summary $179,428 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $136,276$200,992
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$3
I-11 Other revenuePrior year $20,683−$21,567
I-12 Total revenuePrior year $156,959$179,428
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $125,638$76,996
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $68,618$53,135
I-18 Total expensesPrior year $194,256$130,131
I-19 Revenue less expensesPrior year −$37,297$49,297
Part VI · Governance 9 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $179,428 across 7 lines filed
Lines not itemized here account for −$11,772 of total revenue; see the IRS return.
VIII-1c Fundraising events$7,965
VIII-1f All other contributions, gifts and grants$193,027
VIII-1h Total contributions, gifts and grants$200,992
VIII-3 Investment incomeExcluded from tax $3$3
VIII-8 Net income from fundraising eventsExcluded from tax −$10,762−$10,762
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $967$967
VIII-12 Total revenueRelated to mission −$10,805 · Unrelated business $0 · Excluded from tax −$10,759$179,428
Part IX · Statement of functional expenses $130,131 across 12 lines filed
IX-7 Other salaries and wagesPrograms $57,701$57,701
IX-9 Other employee benefitsPrograms $14,764$14,764
IX-10 Payroll taxesPrograms $4,531$4,531
IX-11c Accounting feesManagement $12,336$12,336
IX-12 Advertising and promotionPrograms $1,112$1,112
IX-13 Office expensesPrograms $4,980 · Management $7,912$12,892
IX-14 Information technologyManagement $5,231$5,231
IX-17 TravelPrograms $12,959$12,959
IX-20 InterestManagement $10$10
IX-22 Depreciation, depletion and amortizationPrograms $72$72
IX-23 InsuranceManagement $1,203$1,203
IX-24 Other expenses (24a–d)Programs $2,382 · Management $4,938$7,320
IX-25 Total functional expensesPrograms $98,501 · Management $31,630 · Fundraising $0$130,131
Part X · Balance sheet $92,065 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $38,575$33,978
X-2 Savings and temporary cash investments$44,543
X-8 Inventories for sale or useStart of year $13,153$13,196
X-10c Land, buildings and equipment, netStart of year $72$0
X-11 Publicly traded securitiesStart of year $348$348
X-16 Total assetsStart of year $52,148$92,065
X-17 Accounts payable and accrued expensesStart of year $32,945$23,565
X-26 Total liabilitiesStart of year $32,945$23,565
X-27 Net assets without donor restrictionsStart of year $4,203$53,500
X-28 Net assets with donor restrictionsStart of year $15,000$15,000
X-32 Total net assets or fund balancesStart of year $19,203$68,500
X-33 Total liabilities and net assetsStart of year $52,148$92,065
Part XI · Reconciliation of net assets $68,500 net assets at year end
XI-1 Total revenue$179,428
XI-2 Total expenses$130,131
XI-3 Revenue less expenses$49,297
XI-4 Net assets at start of year$19,203
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$68,500

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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