Grace-Mar Services INC FY2020 filing

Tax-deductible

Charlotte, NC501(c)(3)Human ServicesEIN 80-0235887

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.
$101K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$101K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$652K
Spent
$485K
To programs
0%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$652K
FY2020
Revenue by fiscal year
FY2020$652K
FY2021$548K
FY2022$586K
FY2023$225K
FY2024$502K
Expenses
$485K
FY2020
Expenses by fiscal year
FY2020$485K
FY2021$395K
FY2022$169K
FY2023$458K
FY2024$483K
Net assets
$1.5M
FY2020
Net assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$2.3M
FY2023$333K
FY2024$472K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 2010.

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

Where the money goes

What each dollar paid for.

Fundraising 100% · $485K

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

Who runs it and what they're paid

2 people listed on the 990; $101K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$66,667Pt VII · Sec A
President
$34,664Pt 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 15aNo

Programs and updates

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

Provided by the organization

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3 program services, described in the organization's own filed words · FY2020.
01

We helped 25 individuals from the Family Self Sufficiency program to move from subsidized housing to market rate rentals or homeownership

Pt IX · col B
02

Jobs Plus we increased the percentage of individuals who reported income from employment in the community from 31% to 55%

Pt IX · col B
03

Our intense job placement program helped over 300 individuals to secure employment.

Pt IX · col B

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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 FY2020 990, line by line.

1The main four
Money inPt VIII
$652K
Ln 12
Gifts and grantsLn 1h$573K
Fees for servicesLn 2g$48K
Other incomeLn 4–11$31K
Money outPt IX
$485K
Ln 25
Fundraisingcol D$485K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$299K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$573K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$48K
Other incomeLn 4–11$31K
Total revenueLn 12$652K
Assets in detailPt X, end of year
SavingsLn 2$299K
Cash and savings togetherLn 1–2$299K
Other assetsLn 15$94K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 57
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$33K$299K
Total assetsLn 16$66K$1.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$66K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$288K$288K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$11K$11K
Professional fundraising feesLn 11e$775$775
Advertising and promotionLn 12$6K$6K
OccupancyLn 16$18K$18K
InsuranceLn 23$148K$148K
All other expensesLn 24e$0$0
Total functional expensesLn 25$485K$0$0$485K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $652K$485K$167K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $652,234 across 10 lines filed
Lines not itemized here account for $31,416 of total revenue; see the IRS return.
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$572,503
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$572,503
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,315 · Unrelated business $0 · Excluded from tax $0$48,315
VIII-12 Total revenueRelated to mission $79,731 · Unrelated business $0 · Excluded from tax $0$652,234
Part IX · Statement of functional expenses $485,046 across 8 lines filed
IX-7 Other salaries and wagesFundraising $288,491$288,491
IX-10 Payroll taxesFundraising $12,240$12,240
IX-11c Accounting feesFundraising $11,250$11,250
IX-11e Professional fundraising feesFundraising $775$775
IX-12 Advertising and promotionFundraising $6,000$6,000
IX-16 OccupancyFundraising $18,192$18,192
IX-23 InsuranceFundraising $148,098$148,098
IX-24e All other expensesPrograms $0$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $485,046$485,046
Part X · Balance sheet $1,536,970 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $33,295$298,657
X-3 Pledges and grants receivable$20,010
X-4 Accounts receivable$1,119,497
X-8 Inventories for sale or use$4,355
X-15 Other assetsStart of year $21,435$94,451
X-16 Total assetsStart of year $65,886$1,536,970
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $65,886$50,000
X-28 Net assets with donor restrictionsStart of year $0$1,486,970
X-32 Total net assets or fund balancesStart of year $65,886$1,536,970
X-33 Total liabilities and net assetsStart of year $65,886$1,536,970
Part XI · Reconciliation of net assets $1,536,970 net assets at year end
XI-1 Total revenue$652,234
XI-2 Total expenses$485,046
XI-3 Revenue less expenses$167,188
XI-4 Net assets at start of year$65,886
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$670,746
XI-7 Investment expenses$0
XI-8 Prior period adjustments$633,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,536,970

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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