Grace Foundation INC FY2021 filing

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Grace Foundation was born from the need to help local cancer patients and their familities in their fight with this deadly disease. If you live within 40 miles of grand island, or are being treated at the grand island cancer treatment center, the Grace Foundation is here to help. Assistance comes in many forms such as gas cards, help with medical bills, household expenses and more. We know that cancer doesn't wait, and so we work hard to approve grant requests in a timely manner.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3590295) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$52K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $65K a year · 14% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
67% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 15% of spending
Pay to officers and key staff is 15% of spending.
Part VII, Section A
5.2 mo
of spending, in cash
Plus $707K in investments, Pt X · Ln 11–13
5.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $31K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.5% of total assets
Liabilities are 0.5% of assets.
Pt X · Ln 26
Independent board members
22
of 22 voting members
22 of 22 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$403K
+69% vs prior year
Spent
$352K
To programs
67%
Net assets
$865K
By yearFY2020–FY2024
Revenue
$403K
FY2021▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2020$239K
FY2021$403K
FY2022$550K
FY2023$560K
FY2024$668K
Expenses
$352K
FY2021▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$352K
FY2022$443K
FY2023$532K
FY2024$527K
Net assets
$865K
FY2021▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$794K
FY2021$865K
FY2022$834K
FY2023$902K
FY2024$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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 Jun 2014.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $236K Management & general 13% · $45K Fundraising 20% · $72K

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

23 people listed on the 990; $52K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$52,494Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sarah Koch’s $64K as Executive Di is at the 60th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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

NameFY2024FY2023FY2022FY2021FY2020
Sarah Koch$63,546$59,302$55,923$52,494$46,698

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 Grace Foundation INC executive salaries →

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

Provides financial and practical aid to local cancer patients and their families.

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1 program · $236K · in their own filed words · FY2021
01

Provide assistance to cancer patients in the form of gas cards, help with medical bills and household expenses.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3590295) · Dispute this line
$236Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 3 funders$31K
See all 3 funders →
Grants paid · 5 grants · $980K · 2020–2024
Unitemized GrantFY2024$212,192
Unitemized GrantFY2023$263,215
Unitemized GrantFY2022$230,031
Unitemized GrantFY2021$155,137
Unitemized GrantFY2020$119,523

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$403K
Ln 12
Gifts and grantsLn 1h$214K
Other incomeLn 4–11$147K
Investment incomeLn 3$42K
Money outPt IX
$352K
Ln 25
Programscol B$236K
Managementcol C$45K
Fundraisingcol D$72K
Owns and owesPt X
$865K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$869K
LiabilitiesLn 26$4K
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Investment incomeLn 3$42K
Other incomeLn 4–11$147K
Total revenueLn 12$403K
Assets in detailPt X, end of year
SavingsLn 2$153K
Cash and savings togetherLn 1–2$153K
Accounts receivableLn 4$1K
Prepaid expenses and deferred chargesLn 9$848
Land, buildings, equipmentLn 10c$7K
InvestmentsLn 11–13$707K
Total assetsLn 16$869K
LiabilitiesLn 26$4K
Net assetsLn 32$865K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$144K$153K
InvestmentsLn 11–13$646K$707K
Land, buildings, equipmentLn 10c$6K$7K
Total assetsLn 16$797K$869K
LiabilitiesLn 26$3K$4K
Net assetsLn 32$794K$865K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$155K$155K
Pay of officers and key staff (Part IX, line 5)Ln 5$52K$21K$10K$21K
Other salaries and wagesLn 7$73K$29K$15K$29K
Other employee benefitsLn 9$3K$1K$522$1K
Payroll taxesLn 10$10K$4K$2K$4K
Other fees for servicesLn 11g$11K$6K$6K
Advertising and promotionLn 12$2K$770$385$770
Office expensesLn 13$8K$3K$2K$3K
OccupancyLn 16$12K$5K$2K$5K
TravelLn 17$4K$2K$2K
Depreciation, depletion and amortizationLn 22$2K$728$363$728
InsuranceLn 23$2K$800$400$800
Other expenses (24a–d)Ln 24$17K$7K$4K$6K
Total functional expensesLn 25$352K$236K$45K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $668K$527K$141K$1.1M 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $560K$532K$28K$902K 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $550K$443K$107K$834K 990 PDF
FY2021 ViewingFiled with the IRS Nov 11, 2022 $403K$352K$51K$865K 990 PDF
FY2020Filed with the IRS Jun 7, 2021 $239K$238K$617$794K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $403,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,846$214,470
I-9 Program service revenue$0
I-10 Investment incomePrior year $16,668$42,292
I-11 Other revenuePrior year $78,282$146,600
I-12 Total revenuePrior year $238,796$403,362
I-13 Grants and similar amounts paidPrior year $119,523$155,137
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $80,925$138,209
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,731$58,522
I-18 Total expensesPrior year $238,179$351,868
I-19 Revenue less expensesPrior year $617$51,494
Part VI · Governance 22 of 22 board members independent, 3 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $403,362 across 6 lines filed
VIII-1f All other contributions, gifts and grants$214,470
VIII-1h Total contributions, gifts and grants$214,470
VIII-3 Investment incomeExcluded from tax $42,292$42,292
VIII-8 Net income from fundraising events$130,447
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,153$16,153
VIII-12 Total revenueRelated to mission $16,153 · Excluded from tax $42,292$403,362
Part IX · Statement of functional expenses $351,868 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $155,137$155,137
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $20,998 · Management $10,498 · Fundraising $20,998$52,494
IX-7 Other salaries and wagesPrograms $29,242 · Management $14,622 · Fundraising $29,242$73,106
IX-9 Other employee benefitsPrograms $1,044 · Management $522 · Fundraising $1,044$2,610
IX-10 Payroll taxesPrograms $4,000 · Management $1,999 · Fundraising $4,000$9,999
IX-11g Other fees for servicesPrograms $5,580 · Management $5,580$11,160
IX-12 Advertising and promotionPrograms $770 · Management $385 · Fundraising $770$1,925
IX-13 Office expensesPrograms $3,284 · Management $1,642 · Fundraising $3,284$8,210
IX-16 OccupancyPrograms $4,990 · Management $2,495 · Fundraising $4,990$12,475
IX-17 TravelPrograms $2,004 · Management $2,004$4,008
IX-22 Depreciation, depletion and amortizationPrograms $728 · Management $363 · Fundraising $728$1,819
IX-23 InsurancePrograms $800 · Management $400 · Fundraising $800$2,000
IX-24 Other expenses (24a–d)Programs $7,040 · Management $4,198 · Fundraising $5,687$16,925
IX-25 Total functional expensesPrograms $235,617 · Management $44,708 · Fundraising $71,543$351,868
Part X · Balance sheet $868,965 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $144,316$152,927
X-4 Accounts receivable$1,200
X-9 Prepaid expenses and deferred chargesStart of year $1,390$848
X-10c Land, buildings and equipment, netStart of year $5,876$7,334
X-13 Program-related investmentsStart of year $645,583$706,656
X-16 Total assetsStart of year $797,165$868,965
X-17 Accounts payable and accrued expensesStart of year $2,951$4,341
X-26 Total liabilitiesStart of year $2,951$4,341
X-27 Net assets without donor restrictionsStart of year $794,214$855,624
X-28 Net assets with donor restrictions$9,000
X-32 Total net assets or fund balancesStart of year $794,214$864,624
X-33 Total liabilities and net assetsStart of year $797,165$868,965
Part XI · Reconciliation of net assets $864,624 net assets at year end
XI-1 Total revenue$403,362
XI-2 Total expenses$351,868
XI-3 Revenue less expenses$51,494
XI-4 Net assets at start of year$794,214
XI-5 Net unrealized gains (losses) on investments$25,780
XI-7 Investment expenses−$6,864
XI-10 Net assets at end of year$864,624

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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