Is it real?
Yes. Exemption reinstated (2022-05-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Jul 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $142K paid to officers and key staff (Part VII, Section A).
Amy Conover’s $86K as Treasurer is at the 75th percentile of top reported officer pay among 1613 $100K–1M education 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.
See Grace Place Learning Center 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 15aYes
Programs and updates
Provides affordable, quality childcare and education for children to support working parents.
Questions for Grace Place Learning Center
Your first name shows with your question. Grace Place Learning Center answers here, for everyone.
All other accomplishments the organization is exempt under irs section 501(c)(3) and 501 (k) as an educational day care facility for the conveince of working parents. Grace place learning center provides 11 hours a day, five days per week service for children six weeks to 12 years of age in our community; placing an emphasis upon…
Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4551068) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $337K | $285K |
| Land, buildings, equipmentLn 10c | $0 | |
| Total assetsLn 16 | $340K | $291K |
| LiabilitiesLn 26 | $51K | $8K |
| Net assetsLn 32 | $289K | $284K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $269K | $269K | ||
| Payroll taxesLn 10 | $23K | $23K | ||
| Management feesLn 11a | $77K | $77K | ||
| Accounting feesLn 11c | $129 | $129 | ||
| Other fees for servicesLn 11g | $45K | $45K | ||
| Advertising and promotionLn 12 | $300 | $300 | ||
| Office expensesLn 13 | $11K | $11K | ||
| OccupancyLn 16 | $20K | $20K | ||
| Depreciation, depletion and amortizationLn 22 | $55K | $55K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Total functional expensesLn 25 | $507K | $507K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest ViewingFiled with the IRS May 15, 2024 | $501K | $507K | −$6K | $284K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990
Part I · Summary $501,064 revenue, 12 lines filed
Part VI · Governance 0 of 6 board members independent, no flags
Part VIII · Statement of revenue $501,064 across 9 lines filed
Part IX · Statement of functional expenses $506,673 across 10 lines filed
Part X · Balance sheet $291,193 assets, 13 lines filed
Part XI · Reconciliation of net assets $283,573 net assets at year end
Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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