Grace Science Foundation EIN 46-5727883

Grace Science Foundation

EIN  46-5727883 Public charity (501(c)(3)) Menlo Park, CA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds and supports the development of life-saving treatments.
Leadership
Matthew Wilsey · President
Money in and out
$943K revenue, $1.5M expenses
Bottom line
92% program efficiency

Funds and supports the development of life-saving treatments. For fiscal year 2024 it reported $943K in revenue, $1.5M in expenses, and $2.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$943K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$576K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
17.6mo
months of highly liquid reserves at operating expense rate▼ -32% vs prior filing year
Surplus margin
-61%
revenue over expenses, this year▼ -9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$943K
FY2024▲ +14%
Expenses
$1.5M
FY2024▲ +18%
Total assets
$2.2M
FY2024▼ -20%
Total liabilities
$1K
FY2024▼ -98%
Total revenue
$943K
Pt VIII · Ln 12
Total expenses
$1.5M
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$576K
Total assetsPt X · Ln 16$2.2M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Baylor College of Medicine NGLY1 Natural History Study (Bernhard Suter) Team is conducting a natural history study to define the clinical spectrum of the disease and its progression, and define biomarker endpoints for use in therapeutic trials. This study is led by Dr. Bernhard Suter, MD, a child neurologist and medical geneticist.

$453Kprogram expense
02

Psychogenics Inc. Team has imported and is analyzing mouse and rat models of NGLY1 Deficiency for testing of candidate therapies. Team has conducted several studies using an NGLY1 knockout rat model to test phenotypic rescue using candidate small molecule therapies (both novel and approved drugs).

$353Kprogram expense
03

THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER (YAN LAB) Team continues work generating and characterizing several mouse models of NGLY1 Deficiency, including models in which the gene is inactivated in certain tissues and conditionally after birth.

$204Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrace Science Foundation
EINHdr · item D46-5727883
Principal addressHdr · item CMenlo Park, CA
WebsiteHdr · item Jwww.gracescience.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H99)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$870K · 92%
Investment income$73K · 8%
Contributions & grants92%$870K
Investment income8%$73K
Total revenueLn 12$943K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$1.4M
Management & general8%$128K
Total functional expensesLn 25$1.5M

Balance Sheet

Part X · end of year
CashLn 1$2.2M
Total assetsLn 16$2.2M
Total liabilitiesLn 26$1K
Total net assetsLn 32$2.2M
Months of cash on handcomputed17.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $1.5M
17.6 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.5M
92%
Management & General
Management & general $128K · Total expenses $1.5M
8%
Fundraising
Fundraising $0 · Total expenses $1.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $953K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $870K · Total revenue $943K
92%
Government reliance
Government grants — · Total revenue $943K
Earned-income share
Program service revenue $0 · Total revenue $943K
0%
Investment reliance
Investment income $73K · Total revenue $943K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.5M
0%
Growth & trend
Revenue growth (YoY)
This year $943K · Prior year $827K
+14%
Revenue CAGR
FY2020 $1.5M · FY2024 $943K
-10%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $943K · Expenses $1.5M
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $2.2M
Net-asset ratio
Net assets $2.2M · Total assets $2.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Matthew Wilsey · Reported title President · Highest reported compensation $0 · Total expenses $1.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.5M
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 14%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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$25K
Grants paid · 58 grants · $5.7M · 2020–2024
Baylor College of MedicineFY2024$452,697
Psychogenics INCFY2024$352,945
The University of Texas Southwestern Medical CenteFY2024$203,574
Charles River LaboratoriesFY2024$68,025
Hilltop Lab Animals INCFY2024$27,695
Purdue UniversityFY2024$23,869
PharmaronFY2024$20,356
University of UtahUT · FY2024$19,321
University of HoustonFY2024$9,747
Charles River LaboratoriesFY2023$307,541
Psychogenics INCFY2023$233,245
Baylor College of MedicineFY2023$152,405
The University of Texas Southwestern Medical CenteFY2023$138,825
See all 58 grants →

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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 (Latest)$943K revenue · viewing · ⤓ 990 PDF
FY2023$827K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$1.5M 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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