Grace EIN 46-1849491

Grace

EIN  46-1849491 Supporting organization Pasadena, CA Founded 2013
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/1/26 · see original filing: IRS
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Size
$1–10M
What they do
Helps people in poverty and low-income families with vital needs.
Leadership
Shimica Gaskins · President & CEO · $228K
Money in and out
$3.8M revenue, $1.7M expenses
Bottom line
+54% net inflow

Helps people in poverty and low-income families with vital needs. For fiscal year 2024 it reported $3.8M in revenue, $1.7M in expenses, and $3.9M in net assets.Pt I

Money in and out · FY2024
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.12 Fundraising $0.09
Net inflow
+54%
revenue over expenses, this year▲ ×488 vs prior filing year
Pass-through gifts
99%
of revenue from contributions0% vs prior filing year
Program spending
80%
of expenses reach stated programs▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$3.8M
FY2024▲ +50%
Expenses
$1.7M
FY2024▼ -32%
Total assets
$4.2M
FY2024▲ +102%
Total liabilities
$273K
FY2024▲ +14%
Total revenue
$3.8M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$4.2M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

Conduct research to develop a policy approach to reducing child and family poverty in california including work with academic institutions and other experts; convene stakeholders to further develop and implement the approach; develop and implement a plan to educate the general public regarding child and family poverty in california.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrace
EINHdr · item D46-1849491
Principal addressHdr · item CPasadena, CA
WebsiteHdr · item Jwww.grace-inc.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$227,637Pt VII · Sec A
Dir Public Policy
$152,250Pt VII · Sec A
Director of Op
$104,506Pt 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Conway Collis$272,524$275,430$301,430
Shimica Gaskins$227,637$214,744$200,090$73,091
Jacqueline T Wong$161,512$166,465
Andrew Cheyne$152,250$146,527
Linda Yoshin Swank$104,506

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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Statement of Revenue

Part VIII
Contributions & grants$3.8M · 99%
Other revenue$33K · 1%
Contributions & grants99%$3.8M
Other revenue1%$33K
Investment income$114
Total revenueLn 12$3.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.12 Fundraising $0.09
Program services80%$1.4M
Management & general12%$201K
Fundraising9%$152K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$4.2M
Total liabilitiesLn 26$273K
Total net assetsLn 32$3.9M
Months of cash on handcomputed11.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.7M · Operating expenses/yr $1.7M
11.5 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.7M
80%
Management & General
Management & general $201K · Total expenses $1.7M
12%
Fundraising
Fundraising $152K · Total expenses $1.7M
9%
Cost to raise $1
Fundraising expense (3-yr avg) $118K · Solicited contributions (3-yr avg) $3.0M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.8M · Total revenue $3.8M
99%
Government reliance
Government grants — · Total revenue $3.8M
Earned-income share
Program service revenue $0 · Total revenue $3.8M
0%
Investment reliance
Investment income $114 · Total revenue $3.8M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.7M
0%
Growth & trend
Revenue growth (YoY)
This year $3.8M · Prior year $2.5M
+50%
Revenue CAGR
FY2019 $1.1M · FY2024 $3.8M
+28%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.8M · Expenses $1.7M
+54%
Liabilities-to-Assets
Total liabilities — · Total assets $4.2M
Net-asset ratio
Net assets $3.9M · Total assets $4.2M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Shimica Gaskins · Reported title President & CEO · Highest reported compensation $228K · Total expenses $1.7M
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $1.7M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 12%
Fundraising cost ratio 4%
Revenue growth 50%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$300K
Grants paid · 5 grants · $1.5M · 2022–2024
Designer Books INCFY2024$35,000
Unitemized GrantFY2024$28,283
Marked by CovidCA · FY2024$10,000
United Ways of CaliforniaCA · FY2023$950,000
United Ways of CaliforniaCA · FY2022$475,000

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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$2.5M revenue · ⤓ 990 PDF
FY2023$2.6M revenue · ⤓ 990 PDF
FY2022$907K revenue · ⤓ 990 PDF
FY2021$927K revenue · ⤓ 990 PDF
FY2020$1.1M 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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