Grace Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131641069 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Grace Institute?

Grace Institute is a nonprofit organization situated in New York City, specifically at 1270 Avenue of the Americas 1905, New York, NY 10020. Its primary focus is providing financial support to job training programs that empower women to secure sustainable employment. The organization, recognized as the "Foundation," is particularly committed to the ongoing operation and sustainability of the Grace Institute of New York, which took over the historical workforce development role in the city in October 2016. The Foundation's mission extends to ensuring the continuity of job training programs that assist women in achieving gainful employment, thereby contributing positively to the local workforce development landscape.


Official website here: www.graceinstitute.org

Is Grace Institute legitimate?

Grace Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $207,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.graceinstitute.org

What is the mission statement of Grace Institute?

The Grace Institute, often referred to as the "Foundation," provides financial support to job training programs in various parts of New York City. The primary goal of these programs is to empower women, enabling them to secure and maintain sustainable employment. The foundation pays special attention to the ongoing operation and viability of the Grace Institute of New York, which assumed the foundation's historical role in New York City workforce development in October 2016.


Official website here: www.graceinstitute.org

Who is the CEO of Grace Institute?

Patrick Grace is the President/Secretary of Grace Institute.


Official website here: www.graceinstitute.org

What is the revenue of Grace Institute?

Grace Institute's revenue in 2022 was $566,435.


Official website here: www.graceinstitute.org

Who are the executives of Grace Institute and what are their salaries?

The average compensation at Grace Institute during 2022 was $207,500. There are 1 employees and 7 volunteers at Grace Institute.

Here are 8 key members and their salaries:

    Patrick Grace (President/Secretary) [Trustee/Director]
  • Compensation: $215,713
  • Related: $0
  • Other: $0

    • Patricia Montgomerie (Asst. Secr/Tres) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pedro Mata (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Patrick Devine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret Grace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Tidlund (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elise Grace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russell Montgomerie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.graceinstitute.org

    Where can I find the form 990 for Grace Institute?

    The Grace Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.graceinstitute.org

    Learn more at the official website: www.graceinstitute.org

    Mission Statement of Grace Institute

    Grace Institute, as a foundation, seeks to provide financial aid to job training programs in New York City. These programs are specifically designed to empower women, enabling them to secure sustainable and gainful employment. The foundation has a special focus on the ongoing operation and viability of Grace Institute of New York, which assumed the foundation's historical role in workforce development in the city, starting from October 2016.

    Impact

    This information is meant to be a general summary of Grace Institute. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Grace Institute's impact is profound as it provides financial support to job training programs that enable women to achieve sustained, gainful employment. By offering grants to deserving workforce development organizations in New York City, Grace Institute plays a vital role in empowering women to secure employment opportunities. Through its mission, Grace Institute contributes to the economic advancement of women by ensuring access to training programs that lead to successful careers in various industries.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $565,667
  • Program Service Revenue: $0
  • Gross Receipts: $15,910,060

    • Assets and Liabilities:
  • Total Assets: $47,444,330
  • Total Liabilities: $4,725,209
  • Net Assets: $42,719,121
  • Organization Details

    Founding Year

    1897

    Principal Officer

    Patrick Grace

    Main Address

    1270 AVENUE OF THE AMERICAS 1905, NEW YORK, NY, 10020

    NTEE Category

    Code: J20 - Employment

    If you are a representative of Grace Institute and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.