Nonprofit · EIN 27-1401401
GRACE FARMS FOUNDATION
Tax-exempt · NEW CANAAN, CT 06840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $18,481,546 | $16,683,536 | $1,798,010 | $124,677,973 | $496,231 | $124,181,742 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,710,109
- Interest
- $105,535
Expenses
- Grants and similar amounts paid
- $236,073
- Compensation of officers, directors and key employees
- $1,172,155
- Salaries, compensation and benefits (total)
- $6,649,937
- Disbursements for charitable purposes
- $13,661,540
- Excise tax on investment income
- $1,382
Balance sheet and other
- Total assets, start of year
- $123,130,033
- Total assets, end of year
- $124,677,973
- Total liabilities, end of year
- $496,231
- Net assets, end of year
- $124,181,742
- Fair market value of assets
- $124,677,973
- Qualifying distributions
- $14,661,540
- Net investment income
- $105,535
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 |
|---|---|---|---|---|
| CHERIE A SWEENEY PO BOX 876, NEW CANAAN, CT 06840 | CHIEF OPERATING OFFICER | 50 | $250,126 | $20,981 |
| CHELSEA THATCHER PO BOX 876, NEW CANAAN, CT 06840 | DIR. & CHIEF STRAT. OFF./CREATIVE DIR. | 50 | $249,798 | $23,986 |
| ARTHUR J CONLEY PO BOX 876, NEW CANAAN, CT 06840 | CHIEF FINANCIAL OFFICER | 50 | $239,231 | $20,649 |
| ELIZABETH RAPUANO PO BOX 876, NEW CANAAN, CT 06840 | CHIEF COMMUNICATIONS Highest-paid employee | 50 | $204,402 | $28,071 |
| ASHLEY W SIKORA PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR OF MARKETIN Highest-paid employee | 50 | $199,858 | $3,792 |
| MEGHAN DH WALSH PO BOX 876, NEW CANAAN, CT 06840 | SECRETARY & CHIEF PARTNERSHIPS OFFICER | 50 | $185,096 | $27,534 |
| WILLIAM J STONEBRIDGE PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR OF FACILITI Highest-paid employee | 50 | $185,096 | $18,121 |
| WILLIAM TOM PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR OF IT AND C Highest-paid employee | 50 | $175,758 | $15,988 |
| KAREN L KARIUKI PO BOX 876, NEW CANAAN, CT 06840 | MD, STRATEGIC INITIA Highest-paid employee | 50 | $169,615 | $26,986 |
| ALINA M REYNOLDS PO BOX 876, NEW CANAAN, CT 06840 | GC & JUSTICE INIT DEP DIR(THRU 03/24) | 50 | $154,754 | $0 |
| SHARON PRINCE PO BOX 876, NEW CANAAN, CT 06840 | CHAIR/CEO | 50 | $0 | $0 |
| MICHAEL CHEN PO BOX 876, NEW CANAAN, CT 06840 | VICE CHAIR | 3 | $0 | $0 |
| ROY MEDILE PO BOX 876, NEW CANAAN, CT 06840 | TREASURER | 5 | $0 | $0 |
| ABIGAIL BANGSER PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 | $0 |
| ANNA DYSON PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER HUNSINGER PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 |
| ANGELA MWANZA PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 |
| ROBERT PRINCE PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 |
| HAYES SLADE PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 |
| MIROSLAV VOLF PO BOX 876, NEW CANAAN, CT 06840 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 365 LUKES WOOD RD, NEW CANAAN, CT 06840-2206
- In care of
- % ROD KHATTABI
- Signed the 990-PF
- ARTHUR J AJ CONLEY, CFO
- Phone
- (203) 920-1716
- Return prepared by
- GRANT THORNTON ADVISORS 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
- 27-1401401
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $124,677,973
- Income (IRS master file)
- $18,846,274
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $13,288,024 | $16,033,041 | $123,130,033 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 FARMS FOUNDATION
- What is the EIN of GRACE FARMS FOUNDATION?
- The employer identification number (EIN) of GRACE FARMS FOUNDATION is 27-1401401.
- Is GRACE FARMS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to GRACE FARMS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does GRACE FARMS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRACE FARMS FOUNDATION 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 FARMS FOUNDATION 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 FARMS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 20 people; 10 received compensation from the organization, the highest $250,126 (CHERIE A SWEENEY, CHIEF OPERATING OFFICER).
- How much revenue does GRACE FARMS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $18,481,546, expenses of $16,683,536 and total assets of $124,677,973 at year end.
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