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Grace Classical School INC

Tax-deductible

Jacksonville, NC501(c)(3)Education EIN 81-0789133Revenue $610K in FY2025Latest return filed Aug 26, 2025

On file with the IRSgraceclassical.netPo Box 12034, 28546-2034 · Jacksonville, NCTax-exempt since May 2016School — 170(b)(1)(A)(ii)

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Grace Classical school's mission is to partner with parents in educating their children utilizing the Classical model in light of a christian worldview grounded in the scriptures.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 10 volunteers and 37 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $39K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$610K
+18% vs prior year
Spent
$623K
To programs
98%
Net assets
$254K
By yearFY2021–FY2025
Revenue
$610K
FY2025▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2021$323K
FY2022$393K
FY2023$501K
FY2024$518K
FY2025$610K
Expenses
$623K
FY2025▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2021$262K
FY2022$341K
FY2023$436K
FY2024$487K
FY2025$623K
Net assets
$254K
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$119K
FY2022$171K
FY2023$235K
FY2024$267K
FY2025$254K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $609K Management & general 2% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
William Thomas
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Joe Seykora
Treasurer
$0Pt VII · Sec A
See Grace Classical School INC 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 15aNo

Programs and updates

Educates children using the classical model and a Christian worldview.

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1 program · $609K · in their own filed words · FY2024
01

Grace classical school had 148 students enrolled during its ninth year of operations

$609Kprogram 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
Folds of Honor FoundationFY2025$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$610K
Ln 12
Fees for servicesLn 2g$603K
Other incomeLn 4–11$6K
Gifts and grantsLn 1h$1K
Money outPt IX
$623K
Ln 25
Programscol B$609K
Managementcol C$14K
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$256K
Total assetsLn 16$257K
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$603K
Investment incomeLn 3$126
Other incomeLn 4–11$6K
Total revenueLn 12$610K
Assets in detailPt X, end of year
CashLn 1$256K
Cash and savings togetherLn 1–2$256K
Other assetsLn 15$1K
Total assetsLn 16$257K
LiabilitiesLn 26$3K
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 537
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$285K$256K
Total assetsLn 16$286K$257K
LiabilitiesLn 26$20K$3K
Net assetsLn 32$267K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$481K$481K
Payroll taxesLn 10$37K$37K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$360$360
Office expensesLn 13$10K$10K
OccupancyLn 16$26K$26K
TravelLn 17$756$756
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$7$7
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$6K$5K$1K
Total functional expensesLn 25$623K$609K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 26, 2025 $610K$623K−$13K$254K 990 PDF
FY2024Filed with the IRS Sep 19, 2024 $518K$487K$31K$267K 990 PDF
FY2023Filed with the IRS Aug 29, 2023 $501K$436K$65K$235K 990 PDF
FY2022Filed with the IRS Oct 10, 2022 $393K$341K$51K$171K 990 PDF
FY2021Filed with the IRS Sep 24, 2021 $323K$262K$60K$119K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $610,128 revenue, 12 lines filed
I-8 Contributions and grants$1,205
I-9 Program service revenuePrior year $512,294$602,921
I-10 Investment incomePrior year $149$126
I-11 Other revenuePrior year $5,433$5,876
I-12 Total revenuePrior year $517,876$610,128
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $379,318$517,458
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,336$105,326
I-18 Total expensesPrior year $486,654$622,784
I-19 Revenue less expensesPrior year $31,222−$12,656
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $610,128 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,205
VIII-1h Total contributions, gifts and grants$1,205
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $602,921$602,921
VIII-3 Investment incomeRelated to mission $126$126
VIII-8 Net income from fundraising events$5,876
VIII-12 Total revenueRelated to mission $603,047$610,128
Part IX · Statement of functional expenses $622,784 across 12 lines filed
IX-7 Other salaries and wagesPrograms $480,686$480,686
IX-10 Payroll taxesPrograms $36,772$36,772
IX-11c Accounting feesManagement $12,440$12,440
IX-12 Advertising and promotionPrograms $360$360
IX-13 Office expensesPrograms $10,023$10,023
IX-16 OccupancyPrograms $26,000$26,000
IX-17 TravelPrograms $756$756
IX-19 Conferences, conventions and meetingsPrograms $3,169$3,169
IX-20 InterestManagement $7$7
IX-23 InsurancePrograms $1,813$1,813
IX-24 Other expenses (24a–d)Programs $45,031$45,031
IX-24e All other expensesPrograms $4,591 · Management $1,136$5,727
IX-25 Total functional expensesPrograms $609,201 · Management $13,583 · Fundraising $0$622,784
Part X · Balance sheet $256,765 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $285,446$255,663
X-15 Other assetsStart of year $1,000$1,102
X-16 Total assetsStart of year $286,446$256,765
X-19 Deferred revenueStart of year $18,207$2,703
X-26 Total liabilitiesStart of year $19,728$2,703
X-27 Net assets without donor restrictionsStart of year $266,718$254,062
X-32 Total net assets or fund balancesStart of year $266,718$254,062
X-33 Total liabilities and net assetsStart of year $286,446$256,765
Part XI · Reconciliation of net assets $254,062 net assets at year end
XI-1 Total revenue$610,128
XI-2 Total expenses$622,784
XI-3 Revenue less expenses−$12,656
XI-4 Net assets at start of year$266,718
XI-10 Net assets at end of year$254,062

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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