Nonprofit · EIN 20-0472407
THREE GRACES FOUNDATION INC
Tax-exempt · FULTON, MD 20759
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $19,941,346 | $1,989,546 | $17,951,800 | $50,097,976 | $31,236 | $50,066,740 |
| December 31, 2023 | 990-PF | $3,158,554 | $3,558,345 | -$399,791 | $30,304,896 | $98,733 | $30,206,163 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,785,995
- Dividends
- $423,101
- Interest
- $68,033
- Net gain from sales of assets
- $6,664,756
- Other income
- -$539
Expenses
- Grants and similar amounts paid
- $1,928,452
- Disbursements for charitable purposes
- $1,945,193
- Excise tax on investment income
- $98,969
Balance sheet and other
- Total assets, start of year
- $30,304,896
- Total assets, end of year
- $50,097,976
- Total liabilities, end of year
- $31,236
- Net assets, end of year
- $50,066,740
- Fair market value of assets
- $50,097,976
- Qualifying distributions
- $1,945,193
- Net investment income
- $7,155,351
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bruce Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Pres/Chairman | 0.5 | $0 |
| Charlene Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director/VP | 0.5 | $0 |
| Brian Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Blake Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Mary C Acker 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Sec/Treasurer | 0.5 | $0 |
| Brooke Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Andrew Martin 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Amanda Nguyen 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bruce Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Pres/Chairman | 0.5 | $0 |
| Charlene Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director/VP | 0.5 | $0 |
| Brian Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Blake Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Mary C Acker 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Sec/Treasurer | 0.5 | $0 |
| Brooke Bainum 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Andrew Martin 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
| Amanda Nguyen 8171 Maple Lawn Blvd 375, Fulton, MD 20759 | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 8171 MAPLE LAWN BOULEVARD, FULTON, MD 20759-2519
- In care of
- % BRUCE BAINUM
- Signed the 990-PF
- Mary C Acker, Treasurer
- Phone
- (240) 295-1612
- Return prepared by
- WHITE OAK RESOURCES LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-0472407
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $50,097,976
- Income (IRS master file)
- $22,809,809
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $19,941,346 | $1,989,546 | $50,097,976 | IRS |
| 990-PF | December 2023 | $3,158,554 | $3,558,345 | $30,304,896 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0472407).
Questions about THREE GRACES FOUNDATION INC
- What is the EIN of THREE GRACES FOUNDATION INC?
- The employer identification number (EIN) of THREE GRACES FOUNDATION INC is 20-0472407.
- Is THREE GRACES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to THREE GRACES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THREE GRACES FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THREE GRACES FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THREE GRACES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THREE GRACES FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does THREE GRACES FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,941,346, expenses of $1,989,546 and total assets of $50,097,976 at year end.
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