Grace Mar Services Inc builds stronger more reslient communities of color using workforce development and minority business ownership as a catalyst.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 5 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $105K a year · 21% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$502K
+123% vs prior year
Spent
$483K
To programs
100%
Net assets
$472K
By yearFY2020–FY2024
Revenue
$502K
FY2024▲ +123%
Tap a bar for its year
Revenue by fiscal year
FY2020$652K
FY2021$548K
FY2022$586K
FY2023$225K
FY2024$502K
Expenses
$483K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$485K
FY2021$395K
FY2022$169K
FY2023$458K
FY2024$483K
Net assets
$472K
FY2024▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$2.3M
FY2023$333K
FY2024$472K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $483K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $85K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$45,000Pt VII · Sec A
President
$40,000Pt VII · Sec A

Grace Blake Smith’s $45K as Vice President is at the 33rd percentile of top reported officer pay among 2168 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Grace Smith———$41,000$66,667
Grace Blake Smith$45,000$45,000$45,000——
Kenneth Smith$40,000$40,000$40,000$37,000$34,664

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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers communities of color through job training and minority business support.

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Provided by the organization

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3 programs · $483K · in their own filed words · FY2024
01

In addition, we added and upgraded our online training platform enabling our agency to train over 100 individuals along with our YouthBuild students in several areas including, Construction and Construction Maintenance, Generative AI, Microsoft Office Suites and Customer Service.

$327Kprogram expense
02

We successfully completed the third year of the YouthBuild program.

$147Kprogram expense
03

We successfully moved our first fathers into our transitional home located at 322 Dare Drive

$9Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$502K
Ln 12
Gifts and grantsLn 1h$502K
Money outPt IX
$483K
Ln 25
Programscol B$483K
Owns and owesPt X
$472K
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$472K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$502K
Government grantsLn 1e$0
Noncash giftsLn 1g$70K
Fundraising eventsLn 1c$0
Total revenueLn 12$502K
Assets in detailPt X, end of year
CashLn 1$89K
SavingsLn 2$0
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$190K
Other assetsLn 15$0
Total assetsLn 16$472K
LiabilitiesLn 26$0
Net assetsLn 32$472K
OperationsPt I, VI
EmployeesI 57
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$293K$89K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$279K$190K
Total assetsLn 16$681K$472K
LiabilitiesLn 26$348K$0
Net assetsLn 32$333K$472K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$84K
Other salaries and wagesLn 7$164K$164K
Other employee benefitsLn 9$172K$172K
Payroll taxesLn 10$0
Legal feesLn 11b$700$700
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$8K$8K
Information technologyLn 14$6K$6K
OccupancyLn 16$8K$8K
TravelLn 17$6K$6K
InsuranceLn 23$9K$9K
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$483K$483K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $502K$483K$19K$472K 990 PDF
FY2023 $225K$458K−$233K$333K 990 PDF
FY2022 $586K$169K$417K$2.3M 990 PDF
FY2021 $548K$395K$153K$1.7M 990 PDF
FY2020 $652K$485K$167K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $502,362 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,988$502,362
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $224,988$502,362
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $244,361$420,082
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $213,397$63,271
I-18 Total expensesPrior year $457,758$483,353
I-19 Revenue less expensesPrior year −$232,770$19,009
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $502,362 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$502,362
VIII-1g Noncash contributions (included above)$70,000
VIII-1h Total contributions, gifts and grants$502,362
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$502,362
Part IX · Statement of functional expenses $483,353 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $84,399$84,399
IX-7 Other salaries and wagesPrograms $163,934$163,934
IX-9 Other employee benefitsPrograms $171,749$171,749
IX-10 Payroll taxes$0
IX-11b Legal feesPrograms $700$700
IX-11c Accounting feesPrograms $8,333$8,333
IX-12 Advertising and promotionPrograms $1,735$1,735
IX-13 Office expensesPrograms $8,430$8,430
IX-14 Information technologyPrograms $5,964$5,964
IX-16 OccupancyPrograms $8,244$8,244
IX-17 TravelPrograms $6,343$6,343
IX-23 InsurancePrograms $9,013$9,013
IX-24e All other expensesPrograms $14,509$14,509
IX-25 Total functional expensesPrograms $483,353 · Management $0 · Fundraising $0$483,353
Part X · Balance sheet $471,978 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $293,079$89,366
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $15,212$60,000
X-4 Accounts receivableStart of year $94,100$132,520
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $278,946$190,092
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $681,337$471,978
X-26 Total liabilitiesStart of year $348,368$0
X-27 Net assets without donor restrictionsStart of year $320,248$211,924
X-28 Net assets with donor restrictionsStart of year $12,721$260,054
X-32 Total net assets or fund balancesStart of year $332,969$471,978
X-33 Total liabilities and net assetsStart of year $681,337$471,978
Part XI · Reconciliation of net assets $471,978 net assets at year end
XI-1 Total revenue$502,362
XI-2 Total expenses$483,353
XI-3 Revenue less expenses$19,009
XI-4 Net assets at start of year$332,969
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$70,000
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$50,000
XI-10 Net assets at end of year$471,978

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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