Grace Exceeding INC: FY2022 Nonprofit Profile & Form 990 (EIN 81-3571335)

Revenue by fiscal year
FY2022	$4.3M
FY2024	$10.3M
FY2025	$11.2M

Expenses by fiscal year
FY2022	$3.3M
FY2024	$4.8M
FY2025	$6.0M

Net assets by fiscal year
FY2022	$1.4M
FY2024	$6.7M
FY2025	$8.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2022.

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

Where the money goes

48 cents of each dollar spent went to programs.

48%

52%

Program services 48% · $1.6M Management & general 52% · $1.7M

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

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Victor Akinyemi

Director-Bod Chairman

$0Pt VII · Sec A

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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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering individuals with disabilities to live successfully in their communities through resources and care.

Provided by the organization

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1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2022.

01

During the fiscal year grace exceeding, inc served 126 clients, providing quality care that enhanced the quality of life for the population that we served.

$1.6Mprogram expense

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By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.3M

Ln 12

Fees for servicesLn 2g$4.3M

Other incomeLn 4–11$392

Money outPt IX

$3.3M

Ln 25

Programscol B$1.6M

Managementcol C$1.7M

Owns and owesPt X

$1.4M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$1.5M

LiabilitiesLn 26$81K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$4.3M

Other incomeLn 4–11$392

Total revenueLn 12$4.3M

Assets in detailPt X, end of year

CashLn 1$1.3M

Cash and savings togetherLn 1–2$1.3M

Land, buildings, equipmentLn 10c$115K

Total assetsLn 16$1.5M

LiabilitiesLn 26$81K

Net assetsLn 32$1.4M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$480K	$1.3M
Land, buildings, equipmentLn 10c	$102K	$115K
Total assetsLn 16	$583K	$1.5M
LiabilitiesLn 26	$170K	$81K
Net assetsLn 32	$412K	$1.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$999K	$762K	$237K
Other employee benefitsLn 9	$800		$800
Payroll taxesLn 10	$83K	$61K	$21K
OccupancyLn 16	$230K	$184K	$46K
TravelLn 17	$10K		$10K
Depreciation, depletion and amortizationLn 22	$43K		$43K
InsuranceLn 23	$15K		$15K
Other expenses (24a–d)Ln 24	$745K	$604K	$141K
All other expensesLn 24e	$1.2M		$1.2M
Total functional expensesLn 25	$3.3M	$1.6M	$1.7M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$11.2M	$6.0M	$5.1M	$8.8M	990 PDF
FY2024	$10.3M	$4.8M	$5.5M	$6.7M	990 PDF
FY2023	Not on file
FY2022 Viewing	$4.3M	$3.3M	$942K	$1.4M	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 FY2022 990 (4 parts)

Part VIII · Statement of revenue $4,286,020 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,285,628$4,285,628

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $392$392

VIII-12 Total revenueRelated to mission $4,286,020 · Unrelated business $0 · Excluded from tax $0$4,286,020

Part IX · Statement of functional expenses $3,344,096 across 9 lines filed

IX-7 Other salaries and wagesPrograms $762,000 · Management $236,555$998,555

IX-9 Other employee benefitsManagement $800$800

IX-10 Payroll taxesPrograms $61,265 · Management $21,300$82,565

IX-16 OccupancyPrograms $184,203 · Management $46,090$230,293

IX-17 TravelManagement $10,064$10,064

IX-22 Depreciation, depletion and amortizationManagement $42,750$42,750

IX-23 InsuranceManagement $15,444$15,444

IX-24 Other expenses (24a–d)Programs $604,420 · Management $140,979$745,399

IX-24e All other expensesManagement $1,218,226$1,218,226

IX-25 Total functional expensesPrograms $1,611,888 · Management $1,732,208 · Fundraising $0$3,344,096

Part X · Balance sheet $1,457,494 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $480,273$1,342,494

X-10c Land, buildings and equipment, netStart of year $102,251$115,000

X-16 Total assetsStart of year $582,524$1,457,494

X-17 Accounts payable and accrued expensesStart of year $9,400$9,400

X-24 Unsecured notes and loans payableStart of year $117,319$67,319

X-25 Other liabilitiesStart of year $43,631$4,507

X-26 Total liabilitiesStart of year $170,350$81,226

X-32 Total net assets or fund balancesStart of year $412,174$1,376,268

X-33 Total liabilities and net assetsStart of year $582,524$1,457,494

Part XI · Reconciliation of net assets $1,376,268 net assets at year end

XI-1 Total revenue$4,286,020

XI-2 Total expenses$3,344,096

XI-3 Revenue less expenses$941,924

XI-4 Net assets at start of year$412,174

XI-9 Other changes in net assets$22,170

XI-10 Net assets at end of year$1,376,268

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Grace Exceeding INC FY2022 filing

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