2024-10-23T12:05:48-05:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-01-01 810844164 GRACE INSTITUTE OF NEW YORK INC GRAC 2128327605 40 RECTOR STREET 14TH FLOOR NEW YORK NY 10006 DANAE MCLEOD CHIEF EXECUTIVE OFFICER 2128327605 2024-10-23 1 0 MIKE SCHALL P02024184 2122682804 2024-10-23 2023 2024-10-15 13:58:12Z DANAE MCLEOD 40 RECTOR STREET 14TH FLOOR NEW YORK NY 10006 3885794 0 X WWW.GRACEINSTITUTE.ORG X 2015 NY EMPOWERING UNDERSERVED WOMEN IN THE NY AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY. 11 11 27 82 0 0 3505886 3735959 2725 2465 0 32683 1113 81051 3509724 3852158 0 0 0 0 2070185 2368816 0 0 486758 858852 815324 2929037 3184140 580687 668018 2726623 3459465 37517 102341 2689106 3357124 X GRACE INSTITUTE'S MISSION IS TO EMPOWER UNDERSERVED WOMEN IN THE NEW YORK AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY. WITHIN A SUPPORTIVE AND STRUCTURED ENVIRONMENT, GRACE INSTITUTE PROVIDES JOB-SKILLS TRAINING, COUNSELING, PLACEMENT SERVICES AND CONTINUOUS LEARNING OPPORTUNITIES THAT LEAD TO UPWARDLY MOBILE EMPLOYMENT. GRACE INSTITUTE OFFERS THESE SERVICES SO THAT PARTICIPANTS CAN REALIZE THEIR INHERENT STRENGTH, RESILIENCE AND LIMITLESS POTENTIAL. 0 0 2328647 2465 IN 2023, GRACE INSTITUTE SERVED 210 WOMEN THROUGH OUR WORKFORCE TRAINING PROGRAMS AND SUCCESSFULLY GRADUATED 183 (87%). WE WILL PLACE 75% OF OUR GRADUATES IN A VARIETY OF INDUSTRIES INCLUDING HEALTH CARE, LEGAL, HOSPITALITY AND NONPROFIT. OUR GRADUATES WILL INCREASE THEIR PERSONAL INCOME FIVE FOLD AFTER COMPLETING THE PROGRAM. 2328647 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X CHERISE JONES 2128327605 40 RECTOR STREET 14TH FLOOR NEW YORK NY 10006 PATRICIA MONTGOMERIE CHAIR 10.00 X X 0 0 0 IVA VUKINA SECRETARY 2.00 X X 0 0 0 BRENDAN DOYLE TREASURER 2.00 X X 0 0 0 KATIA BOUAZZA DIRECTOR 2.00 X 0 0 0 PATRICK GRACE DIRECTOR 2.00 X 0 0 0 SUZANNE LINDQUIST DIRECTOR 2.00 X 0 0 0 MARY TIDLUND DIRECTOR 2.00 X 0 0 0 BARBARA A YASTINE DIRECTOR 2.00 X 0 0 0 MICHELLE CILIEN DIRECTOR 2.00 X 0 0 0 MABEL RUIS DIRECTOR 2.00 X 0 0 0 SHAY GIPSON DIRECTOR 2.00 X 0 0 0 MARY BURKE DIRECTOR (THROUGH 3/23) 2.00 X 0 0 0 WENDY DAVIES DIRECTOR (THROUGH 6/23) 2.00 X 0 0 0 LIZ HERSHFIELD DIRECTOR (THROUGH 1/23) 2.00 X 0 0 0 SARAH KANES DIRECTOR (THROUGH 11/23) 2.00 X 0 0 0 DANAE MCLEOD CHIEF EXECUTIVE OFFICER 35.00 X 219106 0 15442 CHERISE JONES FINANCE DIRECTOR 35.00 X 140000 0 3231 MIA WILSON CHIEF STRATEGY OFFICER 35.00 X 129192 0 12890 JOHN MARIMUTHU DIRECTOR OF TALENT SERVICE 35.00 X 106000 0 2813 MARGO BOYKINS DIRECTOR OF PARTICIPANT ENGAGEMENT 35.00 X 106000 0 9600 700298 0 43976 5 0 1 0 0 251535 549090 2935334 3735959 STUDENT FEES 611600 2465 2465 2465 32683 32683 81000 0 81000 81000 81000 33636 251535 33636 0 OTHER INCOME 900099 51 51 51 3852158 2465 0 113734 234548 187638 23455 23455 1797072 1256095 184964 356013 32901 22832 3391 6678 143485 101002 14748 27735 160810 114167 16500 30143 18988 18988 15150 15150 88108 66671 18986 2451 2552 510 2042 42135 36253 4549 1333 15676 13488 1692 496 304690 262161 32890 9639 2622 2240 282 100 42448 36523 4582 1343 96259 82823 10391 3045 REPAIRS & MAINTENANCE 102116 87758 11020 3338 OTHER EXPENSES 46154 39712 4983 1459 SPECIAL EVENT 19494 19494 SCHOOL SUPPLIES 17799 17799 1133 975 122 36 3184140 2328647 368735 486758 799432 287166 1127159 2061351 669522 954569 26390 25769 1043449 914080 104120 129369 0 1241 2726623 3459465 37517 75341 0 13500 0 13500 37517 102341 X 2315872 2428518 373234 928606 2689106 3357124 2726623 3459465 668018 0 X 0 1 X 1 0 X 3109604 2650310 3222255 3505886 3735959 16224014 3109604 2650310 3222255 3505886 3735959 16224014 777590 15446424 113683 113683 3824 601 2487 1113 51 8076 16345773 20255 0.94500 0.99150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 399605 278972 120633 643844 635108 8736 129369 SECURITY DEPOSITS 13500 13500 X 3852158 0 3852158 0 3852158 3184140 0 3184140 0 3184140 PART X, LINE 2: GI-NY DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. THE TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2020, AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. BKFT W/GRACE 285171 251535 33636 33636 285171 251535 33636 33636 33636 0 X X 0 0 0 0 0 0 0 0 0 DANAE MCLEOD CHIEF EXECUTIVE OFFICER 219106 0 0 0 0 0 5842 0 9600 0 234548 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE GRACE INSTITUTE WAS FOUNDED IN THE LATE 1800S BY THE GRACE FAMILY, WHO REMAIN ACTIVE WITH THE ORGANIZATION TODAY. TWO MEMBERS OF THE BOARD ARE PART OF THE GRACE FAMILY AND ARE COUSINS AS WELL AS TRUSTEES OF THE HISTORIC ENTITY, GRACE INSTITUTE, INC. ONE OF THE AFOREMENTIONED GRACE FAMILY MEMBERS, PATRICK GRACE, IS ALSO THE PRESIDENT/CEO OF THE ORIGINAL ENTITY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE AUDIT/FINANCE COMMITTEE AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFOMRED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 GRACE INSTITUTE OF NEW YORK USES A SALARY GRID BASED ON COMPARABLE DATA FROM RECOGNIZED STUDIES OF THE SECTOR, WHICH WAS REVIEWED BY THE EXECUTIVE COMMITTEE, AND ASSESSED WHEN DETERMINING THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.