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The Grace Full Giving Foundation EIN 87-2745809

The Grace Full Giving Foundation

EIN  87-2745809 Private foundation / grantmaker Corsicana, TX
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Size
<$100K
What they do
A private foundation based in Corsicana, TX. It reported about $30K in revenue for 2024.
Leadership
William G Thompson · VP/Treas
Money in and out
$30K revenue, $93K expenses
Bottom line
—

A private foundation based in Corsicana, TX. It reported about $30K in revenue for 2024. For fiscal year 2024 it reported $30K in revenue, $93K in expenses, and $1.8M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$30K
Pt VIII · Ln 12
Total expenses
$93K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Total assets
1.8M
deployed as grants and operations
Grants paid
81K
in FY2024
Grants made
10grants
total in period
Payout rate
4%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 10 grants · $81K · 2024–2024
BookspringTX · FY2024$20,000
Navarro College Foundation INCTX · FY2024$18,644
Boys and Girls Club Navarro CountyFY2024$16,500
Ifa FoundationFY2024$10,000
Child Advocates Center Navarro CoFY2024$9,481
Corsicana Police Officers AssocFY2024$2,000
Navarro County Youth ExpoFY2024$1,550
Lane Brown Toy RunFY2024$1,500
Fuel the FirefightersTX · FY2024$1,000
Navarro County 100 ClubFY2024$750

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$8K
Median grantPart XV$9K
Largest grantPart XV$20K
Top cause focusNTEEEducation (20%)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$30K
FY2024▲ +196%
Expenses
$93K
FY2024▼ -29%
Total assets
$1.8M
FY2024▼ -3%
Total liabilities
$0
FY2024
Total revenue
$30K
Pt VIII · Ln 12
Total expenses
$93K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Total assetsPt II$1.8M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Grace Full Giving Foundation
EINHdr · item D87-2745809
Principal addressHdr · item CCorsicana, TX
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFNov 2023

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$20K · 68%
Contributions & grants$10K · 32%
Investment income68%$20K
Contributions & grants32%$10K
Total revenueLn 12$30K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.88 Operating & administrative $0.12
Grants & contributions paid88%$81K
Operating & administrative12%$11K
Total functional expensesLn 25$93K

Balance Sheet

Part X · end of year
CashLn 1$117K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.8M
Months of cash on handcomputed15.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.8M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $30K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $30K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $30K · Prior year $10K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $30K · Expenses $93K
-209%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $1.8M · Total assets $1.8M
100%
People & payroll
Highest Reported Total Compensation
Individual William G Thompson · Reported title VP/TREAS · Highest reported compensation $0 · Total expenses $93K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 196%——

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.

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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
FY2024 (Latest)$30K revenue · viewing · ⤓ 990 PDF
FY2023$10K revenue · ⤓ 990 PDF
FY2022not on file
FY2021$2.0M revenue · ⤓ 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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