2025-10-07T05:55:59-05:00 2024-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2024-01-01 810844164 GRACE INSTITUTE OF NEW YORK INC GRAC 2128327605 40 RECTOR STREET 14TH FLOOR NEW YORK NY 10006 DANAE MCLEOD CHIEF EXECUTIVE OFFICER 2128327605 2025-10-07 1 0 MIKE SCHALL P02024184 2126618640 2025-10-07 2024 2025-03-06 01:10:19Z DANAE MCLEOD 40 RECTOR STREET 14TH FLOOR NEW YORK NY 10006 4869378 0 X WWW.GRACEINSTITUTE.ORG X 2015 NY EMPOWERING UNDERSERVED WOMEN IN THE NY AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY. 15 15 26 252 0 0 3735959 4649670 2465 1315 32683 88527 81051 81722 3852158 4821234 0 0 0 0 2368816 2761674 0 0 618337 815324 1051623 3184140 3813297 668018 1007937 3459465 4467318 102341 102257 3357124 4365061 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 2760019 1315 IN 2024, GRACE INSTITUTE SERVED 310 WOMEN THROUGH OUR WORKFORCE TRAINING PROGRAMS AND SUCCESSFULLY GRADUATED 239 (77%). 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. 2760019 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 8 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 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 DIRECTOR 2.00 X 0 0 0 IVA VUKINA BOARD CHAIR 10.00 X X 0 0 0 BRENDAN DOYLE TREASURER (THROUGH 12/24) 2.00 X X 0 0 0 KATIA BOUAZZA DIRECTOR 2.00 X 0 0 0 PATRICK GRACE DIRECTOR (THROUGH 3/24) 2.00 X 0 0 0 MARY TIDLUND DIRECTOR 2.00 X 0 0 0 BARBARA A YASTINE SECRETARY 2.00 X X 0 0 0 MICHELLE CILIEN DIRECTOR 2.00 X 0 0 0 MABEL RIUS DIRECTOR 2.00 X 0 0 0 SHAY GIPSON DIRECTOR 2.00 X 0 0 0 LIZ HERSHFIELD DIRECTOR 2.00 X 0 0 0 DAVID BEAR DIRECTOR 2.00 X 0 0 0 RONITA MACKLIN DIRECTOR 2.00 X 0 0 0 MARC JAMES DIRECTOR 2.00 X 0 0 0 JOSIE COX DIRECTOR 2.00 X 0 0 0 M L GRAEME CAMPBELL DIRECTOR 2.00 X 0 0 0 MARGO PILIC DIRECTOR 2.00 X 0 0 0 MONICA RICHTER DIRECTOR 2.00 X 0 0 0 DANAE MCLEOD CHIEF EXECUTIVE OFFICER 35.00 X 256603 0 21218 CHERISE JONES CHIEF FINANCIAL AND OPERATIONS OFFICER 35.00 X 157276 0 12520 MIA WILSON CHIEF STRATEGY OFFICER 35.00 X 145522 0 7573 JOHN MARIMUTHU DIRECTOR OF TALENT SERVICE 35.00 X 108620 0 4278 LEAH COOPER DIRECTOR OF DEVELOPMENT 35.00 X 204238 0 8821 872259 0 54410 5 0 1 0 0 366251 610918 3672501 4649670 STUDENT FEES 611600 1315 1315 1315 88527 88527 81000 0 81000 81000 81000 48144 366251 48144 0 OTHER INCOME 900099 722 722 722 4821234 1315 0 170249 447617 222257 197578 27782 1896985 1389214 48150 459621 40195 28880 11315 181987 130731 10950 40306 194890 134474 19489 40927 475 475 29082 29082 300249 258214 33027 9008 6418 6418 53123 45686 5843 1594 15743 13539 1732 472 319618 274872 35158 9588 10637 9148 1170 319 42609 36644 4687 1278 96123 82667 10574 2882 REPAIRS & MAINTENANCE 74746 64281 8222 2243 SCHOOL SUPPLIES 52979 52979 BAD DEBT 20284 20284 OTHER EXPENSES 19108 16433 2102 573 10429 10429 3813297 2760019 434941 618337 287166 419370 2061351 2217134 954569 1551610 25769 11825 1222827 956689 129369 266138 1241 1241 3459465 4467318 75341 102257 13500 13500 0 102341 102257 X 2428518 2587455 928606 1777606 3357124 4365061 3459465 4467318 1007937 0 X 0 1 X 1 0 X 2650310 3222255 3505886 3735959 4649670 17764080 2650310 3222255 3505886 3735959 4649670 17764080 1096074 16668006 113683 169527 283210 601 2487 1113 51 670 4922 18052212 16840 0.92330 0.94500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 578983 320449 258534 643844 636240 7604 266138 X 5040473 219239 219239 4821234 0 4821234 4032536 219239 219239 3813297 0 3813297 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, 2021, AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. BKFT W/GRACE 414395 366251 48144 48144 414395 366251 48144 48144 48144 0 X X 0 0 0 0 0 0 0 0 0 DANAE MCLEOD CHIEF EXECUTIVE OFFICER 236603 0 20000 0 0 0 17600 0 3618 0 277821 0 0 0 LEAH COOPER DIRECTOR OF DEVELOPMENT 192338 0 11900 0 0 0 8821 0 0 0 213059 0 0 0 CHERISE JONES CHIEF FINANCIAL AND OPERATIONS OFFIC 144476 0 12800 0 0 0 6986 0 5534 0 169796 0 0 0 MIA WILSON CHIEF STRATEGY OFFICER 132922 0 12600 0 0 0 4978 0 2595 0 153095 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. PATRICK GRACE RESIGNED FROM THE BOARD IN MARCH 2024. 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.