Nonprofit · EIN 26-4777735
GRACE COMMUNICATIONS FOUNDATION INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,256,185 | $9,803,756 | -$7,547,571 | $131,863,106 | $12,000 | $131,851,106 |
| December 31, 2023 | 990-PF | $5,209,850 | $10,000,406 | -$4,790,556 | $114,795,044 | $12,000 | $114,783,044 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Interest
- $221,507
- Net gain from sales of assets
- $1,934,178
- Other income
- $100,500
Expenses
- Grants and similar amounts paid
- $295,000
- Compensation of officers, directors and key employees
- $431,207
- Salaries, compensation and benefits (total)
- $4,953,000
- Disbursements for charitable purposes
- $9,733,756
- Excise tax on investment income
- $84,656
Balance sheet and other
- Total assets, start of year
- $114,795,044
- Total assets, end of year
- $131,863,106
- Total liabilities, end of year
- $12,000
- Net assets, end of year
- $131,851,106
- Fair market value of assets
- $131,863,106
- Qualifying distributions
- $9,733,756
- Net investment income
- $6,090,332
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 | Other / benefits |
|---|---|---|---|---|
| SCOTT CULLEN 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | VICE PRESIDENT, DIRECTOR, EXEC. DIR. | 40 | $415,000 | $60,247 |
| ELISA SCHORR 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIR. OF OPERATIONS A Highest-paid employee | 40 | $375,000 | $62,192 |
| LESLIE SEFF 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SENIOR ADVISOR Highest-paid employee | 37 | $370,000 | $47,678 |
| PEGGY NEU 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SENIOR ADVISOR Highest-paid employee | 40 | $370,000 | $31,299 |
| SIOBHAN MITCHELL 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | ACCOUNTING DIRECTOR Highest-paid employee | 40 | $315,000 | $60,376 |
| CHRIS GRIFFITHS 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SENIOR ADVISOR Highest-paid employee | 40 | $280,000 | $59,630 |
| HELAINE LERNER 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | PRESIDENT, TREASURER, DIRECTOR | 35 | $16,207 | $640 |
| MARJORIE GILBERT 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SECRETARY, DIRECTOR | 7 | $0 | $0 |
| BRAD GOLDBERG 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
| JUDITH LABELLE 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR (*RESIGNED 12/24) | 5 | $0 | $0 |
| MARNI SOMMER 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
| PAUL LOCKE 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
| JOHN DIAS 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR (*APPOINTED 12/24) | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT CULLEN 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | VICE PRESIDENT, DIRECTOR, EXEC. DIR. | 40 | $440,000 | $59,656 |
| LESLIE SEFF 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SENIOR ADVISOR Highest-paid employee | 37 | $350,000 | $45,803 |
| PEGGY NEU 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SENIOR ADVISOR Highest-paid employee | 40 | $345,000 | $29,829 |
| ELISA SCHORR 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIR. OF OPERATIONS A Highest-paid employee | 40 | $340,000 | $59,747 |
| SIOBHAN MITCHELL 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | ACCOUNTING DIRECTOR Highest-paid employee | 40 | $290,000 | $57,878 |
| CHRIS GRIFFITHS 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SENIOR ADVISOR Highest-paid employee | 40 | $265,000 | $57,527 |
| HELAINE LERNER 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | PRESIDENT, TREASURER, DIRECTOR | 35 | $16,207 | $640 |
| MARJORIE GILBERT 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | SECRETARY, DIRECTOR | 7 | $0 | $0 |
| BRAD GOLDBERG 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
| JUDITH LABELLE 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
| MARNIE SOMMER 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
| PAUL LOCKE 215 LEXINGTON AVENUE SUITE 1001, NEW YORK, NY 10016 | DIRECTOR | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 215 LEXINGTON AVE RM 1001, NEW YORK, NY 10016-6023
- In care of
- % HELAINE LERNER
- Signed the 990-PF
- HELAINE LERNER, PRESIDENT
- Phone
- (212) 726-9161
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY 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
- 26-4777735
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Food, agriculture and nutrition (K20)
- Assets (IRS master file)
- $131,863,106
- Income (IRS master file)
- $6,853,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,256,185 | $9,803,756 | $131,863,106 | XML |
| 990-PF | December 2023 | $5,209,850 | $10,000,406 | $114,795,044 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about GRACE COMMUNICATIONS FOUNDATION INC
- What is the EIN of GRACE COMMUNICATIONS FOUNDATION INC?
- The employer identification number (EIN) of GRACE COMMUNICATIONS FOUNDATION INC is 26-4777735.
- Is GRACE COMMUNICATIONS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to GRACE COMMUNICATIONS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRACE COMMUNICATIONS FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRACE COMMUNICATIONS 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 GRACE COMMUNICATIONS 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 GRACE COMMUNICATIONS FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 13 people; 7 received compensation from the organization, the highest $415,000 (SCOTT CULLEN, VICE PRESIDENT, DIRECTOR, EXEC. DIR.).
- How much revenue does GRACE COMMUNICATIONS FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,256,185, expenses of $9,803,756 and total assets of $131,863,106 at year end.
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