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Grace Institute Of New York Inc

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

EIN: 810844164 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Grace Institute Of New York Inc?

Grace Institute of New York Inc is a nonprofit organization located in New York City, specifically at 40 Rector Street 14th Floor. Their primary mission is to empower underserved women in the New York area, enabling them to secure employment and attain financial independence. The organization provides a supportive and structured environment, offering job skills training, counseling, placement services, and continuous learning opportunities. In 2022, they served 201 women through their workforce training programs and successfully graduated 167 of them, with plans to place 75% of these graduates in various industries such as healthcare, legal, hospitality, and nonprofit. Upon completing the program, the women are expected to see their personal income increase significantly. The institute's mission is to help these women recognize their inner strength, resilience, and potential, ultimately leading to upwardly mobile employment.


Official website here: www.graceinstitute.org

Is Grace Institute Of New York Inc legitimate?

Grace Institute Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Institute Of New York Inc 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: $126,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,642,978

For more financial information, click here


Official website here: www.graceinstitute.org

What is the mission statement of Grace Institute Of New York Inc?

Grace Institute of New York Inc's mission is centered around empowering underprivileged women in the community to achieve financial independence through employment. Within a supportive and structured environment, the institution provides job skills training, counseling, placement services, and continuous learning opportunities. These offerings aim to propel participants towards upwardly mobile employment, enabling them to recognize their inherent strength, resilience, and limitless potential.


Official website here: www.graceinstitute.org

Who is the CEO of Grace Institute Of New York Inc?

Danae Mcleod is the Chair of Grace Institute Of New York Inc. The CEO's salary of Grace Institute Of New York Inc is $116,981 and their total compensation is $126,581.


Official website here: www.graceinstitute.org

What is the revenue of Grace Institute Of New York Inc?

Grace Institute Of New York Inc's revenue in 2022 was $3,509,724.


Official website here: www.graceinstitute.org

Who are the executives of Grace Institute Of New York Inc and what are their salaries?

The average compensation at Grace Institute Of New York Inc during 2022 was $58,985. There are 30 employees and 79 volunteers at Grace Institute Of New York Inc.

Here are 19 key members and their salaries (Grace Institute Of New York Inc's CEO's salary is $116,981 and their total compensation is $126,581):

    Danae Mcleod (Chief Executive Officer)
  • Compensation: $116,981
  • Related: $0
  • Other: $9,600

    • Cherise Jones (Finance Director)
  • Compensation: $120,981
  • Related: $0
  • Other: $5,600

    • Mia Wilson (Chief Strategy Officer)
  • Compensation: $113,883
  • Related: $0
  • Other: $9,600

    • John Marimuthu (Director Of Talent Services)
  • Compensation: $103,000
  • Related: $0
  • Other: $1,466

    • Patricia Montgomerie (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Iva Vukina (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brendan Doyle (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katia Bouazza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Wendy Davies (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Liz Hershfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Kanes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Lindquist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shruti Thaker (Director (Former))
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Barbara A Yastine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Cilien (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mabel Ruis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.graceinstitute.org

    Where can I find the form 990 for Grace Institute Of New York Inc?

    The Grace Institute Of New York Inc’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 Of New York Inc

    Grace Institute of New York Inc is committed to empowering underserved women in the New York area, enabling them to achieve employment and economic self-sufficiency. Through a supportive and structured environment, the organization provides job-skills training, counseling, placement services, and continuous learning opportunities. This comprehensive approach aims to help participants tap into their inherent strength, resilience, and limitless potential, ultimately leading to upwardly mobile employment. By offering these services, Grace Institute of New York Inc enables women to transform their lives and secure a stable future for themselves.

    Impact

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




    Saturday, July 20, 2024

    Grace Institute Of New York Inc is making a significant impact by empowering underserved women in the New York area to achieve employment and economic self-sufficiency. In 2022, the institute served 201 women through their workforce training programs and successfully graduated 167, representing an impressive 83% graduation rate. They aim to place 75% of their graduates in various industries such as healthcare, legal, and hospitality. After completing the program, Grace Institute's graduates are expected to increase their personal income fivefold.

    Through a supportive and structured environment, Grace Institute provides job-skills training, counseling, placement services, and continuous learning opportunities that lead to upwardly mobile employment. By offering these critical services, participants can realize their inherent strength, resilience, and limitless potential. Grace Institute's dedication to empowering women in the workforce is commendable and has a tangible impact on the lives of those they serve.





    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: $0
  • Program Service Revenue: $2,725
  • Gross Receipts: $3,549,204

    • Assets and Liabilities:
  • Total Assets: $2,726,623
  • Total Liabilities: $37,517
  • Net Assets: $2,689,106
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDENT FEES

    Revenue

    $2,725

    Organization Details

    Founding Year

    2015

    Principal Officer

    Danae Mcleod

    Main Address

    40 RECTOR STREET 14TH FLOOR, NEW YORK, NY, 10006

    NTEE Category

    Code: J30 - Employment

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