Grace Foundation INC FY2023 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, FY2023. 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.
70¢ of each $1 spent went to programs.
$59K 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
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
70%
of spending
70% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
3.5 mo
of spending, in cash
Plus $745K in investments, Pt X · Ln 11–13
3.5 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
$10K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
21
of 21 voting members
21 of 21 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$560K
+2% vs prior year
Spent
$532K
To programs
70%
Net assets
$902K
By yearFY2020–FY2024
Revenue
$560K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$239K
FY2021$403K
FY2022$550K
FY2023$560K
FY2024$668K
Expenses
$532K
FY2023▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$238K
FY2021$352K
FY2022$443K
FY2023$532K
FY2024$527K
Net assets
$902K
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$794K
FY2021$865K
FY2022$834K
FY2023$902K
FY2024$1.1M

From the FY2023 Form 990 · 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 Jun 2014.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $373K Management & general 12% · $61K Fundraising 18% · $97K

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

22 people listed on the 990; $59K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$59,302Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Member
$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 · $373K · in their own filed words · FY2023
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3590295) · Dispute this line
$373Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$560K
Ln 12
Gifts and grantsLn 1h$270K
Other incomeLn 4–11$252K
Investment incomeLn 3$38K
Money outPt IX
$532K
Ln 25
Programscol B$373K
Managementcol C$61K
Fundraisingcol D$97K
Owns and owesPt X
$902K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$912K
LiabilitiesLn 26$10K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Investment incomeLn 3$38K
Other incomeLn 4–11$252K
Gains on assetsLn 7$6K
Total revenueLn 12$560K
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$3K
Land, buildings, equipmentLn 10c$9K
InvestmentsLn 11–13$745K
Total assetsLn 16$912K
LiabilitiesLn 26$10K
Net assetsLn 32$902K
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 FY23End FY23
Cash and savingsLn 1–2$106K$153K
InvestmentsLn 11–13$719K$745K
Land, buildings, equipmentLn 10c$5K$9K
Total assetsLn 16$839K$912K
LiabilitiesLn 26$4K$10K
Net assetsLn 32$834K$902K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$263K$263K
Pay of officers and key staff (Part IX, line 5)Ln 5$59K$24K$12K$24K
Other salaries and wagesLn 7$92K$37K$18K$37K
Other employee benefitsLn 9$2K$947$473$947
Payroll taxesLn 10$11K$5K$2K$5K
Other fees for servicesLn 11g$11K$5K$5K
Advertising and promotionLn 12$16K$6K$3K$6K
Office expensesLn 13$13K$5K$3K$5K
OccupancyLn 16$20K$8K$4K$8K
TravelLn 17$5K$2K$2K
Depreciation, depletion and amortizationLn 22$2K$745$372$745
InsuranceLn 23$3K$1K$613$1K
Other expenses (24a–d)Ln 24$35K$15K$10K$10K
Total functional expensesLn 25$532K$373K$61K$97K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 17, 2025 $668K$527K$141K$1.1M 990 PDF
FY2023 ViewingFiled 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
FY2021Filed 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 FY2023 990
Part I · Summary $559,953 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $239,736$270,040
I-9 Program service revenue$0
I-10 Investment incomePrior year $32,678$37,615
I-11 Other revenuePrior year $277,462$252,298
I-12 Total revenuePrior year $549,876$559,953
I-13 Grants and similar amounts paidPrior year $230,031$263,215
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $151,940$164,795
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,218$104,316
I-18 Total expensesPrior year $443,189$532,326
I-19 Revenue less expensesPrior year $106,687$27,627
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $559,953 across 6 lines filed
VIII-1f All other contributions, gifts and grants$270,040
VIII-1h Total contributions, gifts and grants$270,040
VIII-3 Investment incomeExcluded from tax $32,018$32,018
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,597$5,597
VIII-8 Net income from fundraising events$252,298
VIII-12 Total revenueExcluded from tax $37,615$559,953
Part IX · Statement of functional expenses $532,326 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $263,215$263,215
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $23,721 · Management $11,860 · Fundraising $23,721$59,302
IX-7 Other salaries and wagesPrograms $36,737 · Management $18,369 · Fundraising $36,737$91,843
IX-9 Other employee benefitsPrograms $947 · Management $473 · Fundraising $947$2,367
IX-10 Payroll taxesPrograms $4,513 · Management $2,257 · Fundraising $4,513$11,283
IX-11g Other fees for servicesPrograms $5,271 · Management $5,271$10,542
IX-12 Advertising and promotionPrograms $6,423 · Management $3,212 · Fundraising $6,423$16,058
IX-13 Office expensesPrograms $5,329 · Management $2,663 · Fundraising $5,329$13,321
IX-16 OccupancyPrograms $7,926 · Management $3,963 · Fundraising $7,926$19,815
IX-17 TravelPrograms $2,434 · Management $2,434$4,868
IX-22 Depreciation, depletion and amortizationPrograms $745 · Management $372 · Fundraising $745$1,862
IX-23 InsurancePrograms $1,226 · Management $613 · Fundraising $1,226$3,065
IX-24 Other expenses (24a–d)Programs $14,919 · Management $9,973 · Fundraising $9,893$34,785
IX-25 Total functional expensesPrograms $373,406 · Management $61,460 · Fundraising $97,460$532,326
Part X · Balance sheet $911,887 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $106,489$153,095
X-4 Accounts receivableStart of year $3,429$1,000
X-9 Prepaid expenses and deferred chargesStart of year $876$3,111
X-10c Land, buildings and equipment, netStart of year $5,098$9,396
X-13 Program-related investmentsStart of year $718,524$745,285
X-16 Total assetsStart of year $838,566$911,887
X-17 Accounts payable and accrued expensesStart of year $4,153$9,794
X-26 Total liabilitiesStart of year $4,153$9,794
X-27 Net assets without donor restrictionsStart of year $834,413$902,093
X-32 Total net assets or fund balancesStart of year $834,413$902,093
X-33 Total liabilities and net assetsStart of year $838,566$911,887
Part XI · Reconciliation of net assets $902,093 net assets at year end
XI-1 Total revenue$559,953
XI-2 Total expenses$532,326
XI-3 Revenue less expenses$27,627
XI-4 Net assets at start of year$834,413
XI-5 Net unrealized gains (losses) on investments$47,235
XI-7 Investment expenses−$7,182
XI-10 Net assets at end of year$902,093

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

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