Gracealaska EIN 72-1525990

Gracealaska

EIN  72-1525990 Supporting organization Anchorage, AK
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Meets practical needs for Alaskans through volunteer service.
Leadership
Adam Legg · Executive Di · $74K
Money in and out
$775K revenue, $615K expenses
Bottom line
+21% net inflow

Meets practical needs for Alaskans through volunteer service. For fiscal year 2024 it reported $775K in revenue, $615K in expenses, and $294K in net assets.Pt I

Money in and out · FY2024
Total revenue
$775K
Pt VIII · Ln 12
Total expenses
$615K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $160K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.23 Fundraising $0.02
Net inflow
+21%
revenue over expenses, this year▲ +5% vs prior filing year
Pass-through gifts
100%
of revenue from contributions0% vs prior filing year
Program spending
74%
of expenses reach stated programs▲ +6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$775K
FY2024▲ +23%
Expenses
$615K
FY2024▲ +22%
Total assets
$512K
FY2024▲ +263%
Total liabilities
$218K
FY2024▲ ×28
Total revenue
$775K
Pt VIII · Ln 12
Total expenses
$615K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$160K
Total assetsPt X · Ln 16$512K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $354K of program spending, described in the organization's own filed words · FY2023.
01

Alaska native women's resource grant for survivors of domestic violence and sexual assaiult from cultural specific populations.

$195Kprogram expense
02

The priceless program is an anti-sex trafficking organization that walks with victims to find new life while meeting practical needs. This program helps these women connect to resources ranging from emergency and long-term housing, counseling, medical and legal services, job training, education completion, relocations services, and…

$131Kprogram expense
03

Chosen is an initiative designed to pair kids that are aging out of foster care in alaska with trained mentors. We want these kids to know they matter, have value, and are wanted our mentors will connect with their mentee on a regular basis, and be an ongoing and consistent force for good in their life.

$29Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGracealaska
EINHdr · item D72-1525990
Principal addressHdr · item CAnchorage, AK
WebsiteHdr · item Jwww.lovealaska.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S50)
Ruling yearIRS BMFDec 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$74,000Pt VII · Sec A
V President/
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer/Di
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$775K
— government grantsLn 1e$225K
Total revenueLn 12$775K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.23 Fundraising $0.02
Program services74%$458K
Management & general23%$142K
Fundraising2%$15K
Total functional expensesLn 25$615K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$512K
Total liabilitiesLn 26$218K
Total net assetsLn 32$294K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $615K
0.7 months
Where the money goes
Program services
Program services $458K · Total expenses $615K
74%
Management & General
Management & general $142K · Total expenses $615K
23%
Fundraising
Fundraising $15K · Total expenses $615K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $434K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $775K · Total revenue $775K
100%
Government reliance
Government grants $225K · Total revenue $775K
29%
Earned-income share
Program service revenue $0 · Total revenue $775K
0%
Investment reliance
Investment income $0 · Total revenue $775K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $615K
0%
Growth & trend
Revenue growth (YoY)
This year $775K · Prior year $628K
+23%
Net-asset trend (YoY)
End of year $294K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $775K · Expenses $615K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $512K
Net-asset ratio
Net assets $294K · Total assets $512K
57%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $512K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Adam Legg · Reported title EXECUTIVE DI · Highest reported compensation $74K · Total expenses $615K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $421K · Total expenses $615K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 23%
Fundraising cost ratio 2%
Revenue growth 23%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

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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)$775K revenue · viewing · ⤓ 990 PDF
FY2023$628K revenue · ⤓ 990 PDF
FY2022$303K revenue · ⤓ 990 PDF
FY2021$546K 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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