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Gracetech Services EIN 83-3406281

Gracetech Services FY2024 filing

EIN  83-3406281 Private foundation / grantmaker Bellevue, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
A private foundation based in Bellevue, WA. It reported about $211K in revenue for 2024.
Leadership
Zhifeng Wang · Director
Money in and out
$211K revenue, $153K expenses
Bottom line
—

A private foundation based in Bellevue, WA. It reported about $211K in revenue for 2024. For fiscal year 2024 it reported $211K in revenue, $153K in expenses, and $184K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$184K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $59K
Total assets
184K
deployed as grants and operations

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$211K
FY2024
Expenses
$153K
FY2024
Total assets
$184K
FY2024
Total liabilities
$0
FY2024
Total revenue
$211K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$184K
Pt X · Ln 32
Total assetsPt II$184K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGracetech Services
EINHdr · item D83-3406281
Principal addressHdr · item CBellevue, WA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U40)
Ruling yearIRS BMFSep 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Zhifeng Wang
Director
$0Pt VII · Sec A
Jun Yin
Director
$0Pt VII · Sec A
Wei Zhang
Director
$0Pt VII · Sec A
Weiqiang Guo
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$204K · 97%
Investment income$7K · 3%
Contributions & grants97%$204K
Investment income3%$7K
Total revenueLn 12$211K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Operating & administrative $1.00
Operating & administrative100%$153K
Total functional expensesLn 25$153K

Balance Sheet

Part X · end of year
CashLn 1$184K
Total assetsLn 16$184K
Total liabilitiesLn 26$0
Total net assetsLn 32$184K
Months of cash on handcomputed14.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $184K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $211K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $211K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $211K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $184K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $211K · Expenses $153K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $184K
—
Net-asset ratio
Net assets $184K · Total assets $184K
100%
People & payroll
Highest Reported Total Compensation
Individual Zhifeng Wang · Reported title Director · Highest reported compensation $0 · Total expenses $153K
0%
Personnel share
not reported

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. Peer cohort: .

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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
FY2025 (Latest)$279K revenue · ⤓ 990 PDF
FY2024$211K revenue · viewing · ⤓ 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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