Nonprofit · EIN 27-1673012
GRACE ACADEMY INC
Tax-exempt · HARTFORD, CT 06103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,268,586 | $1,476,273 | $792,313 | $6,431,245 | $615,213 | $5,816,032 |
| June 30, 2024 | 990 | $1,572,248 | $1,417,741 | $154,507 | $5,116,724 | $31,842 | $5,084,882 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,806,624
- Program service revenue
- $6,735
- Investment income
- $459,976
- Net gain from sales of assets
- $287,513
- Net income from fundraising events
- -$4,749
- Other revenue
- -$4,749
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $132,779
- Other salaries and wages
- $748,097
- Salaries, compensation and benefits (total)
- $1,001,336
- Professional fundraising fees
- $0
- Accounting fees
- $14,025
- Occupancy
- $122,146
- Travel
- $556
- Depreciation
- $36,219
- Program services (functional)
- $1,094,206
- Management and general (functional)
- $208,333
- Fundraising (functional)
- $173,734
Balance sheet and other
- Total assets, start of year
- $5,116,724
- Total assets, end of year
- $6,431,245
- Total liabilities, end of year
- $615,213
- Net assets, end of year
- $5,816,032
- Land, buildings and equipment
- $150,408
- Publicly traded securities
- $4,875,881
- Net assets without donor restrictions
- $5,364,754
- Net assets with donor restrictions
- $451,278
- Gross receipts
- $2,715,924
- Employees
- 33
- Volunteers
- 105
- Year formed
- 2010
- State of legal domicile
- CT
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PRINCESS HYATT | EXECUTIVE DIRECTOR Trustee or director, Officer | 60 | $130,000 | $12,731 |
| LINDSEY MCPHEE | CURRICULUM SPECIALIST & CO-FOUNDER Trustee or director | 30 | $24,673 | $0 |
| YVETTE HIGHSMITH-FRANCIS | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KAREN JARMOC | VICE CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KATHLEEN BROMAGE | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| HILLARY ROCKWELL CAHN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL BERGIN | BOARD CHAIR EMERITUS Trustee or director | 1 | $0 | $0 |
| MARCO CARDUCCI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICOLE CARMICHEAL-KEEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER CENTRONE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN CHARETTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI GROTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH LAHR FITZSIMONS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCIA HERRERA | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| MELVETTE HILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARA MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 |
| SANDRA MARIN LAUTIER | BOARD MEMBER Trustee or director | 4 | $0 |
| MARJORIE MORRISSEY | BOARD MEMBER Trustee or director | 4 | $0 |
| LAKESHA RIVERA | BOARD MEMBER Trustee or director | 1 | $0 |
| RACHEL TRESSY | BOARD MEMBER Trustee or director | 1 | $0 |
| JANEL SIMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS SLINEY | BOARD MEMBER Trustee or director | 1 | $0 |
| SUZANNE TAMBURRO | BOARD MEMBER Trustee or director | 1 | $0 |
| AURA ALVARADO | BOARD MEMBER Trustee or director | 1 | $0 |
| SR MARY ROSE CROWLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| NATALIE CORBETT | BOARD MEMBER (UNTIL 9/12/24) Trustee or director | 1 | $0 |
| CHRISTINE JEAN-LOUIS | BOARD MEMBER (UNTIL 6/18/24) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PRINCESS HYATT | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $121,602 |
| LINDSEY MCPHEE | DIRECTOR Trustee or director | 1 | $27,923 |
| MICHAEL BERGIN | BOARD CHAIR EMERITUS Trustee or director | 5 | $0 |
| KATHY BROMAGE | TREASURER Trustee or director, Officer | 5 | $0 |
| MARCO CARDUCCI | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER CENTRONE | DIRECTOR Trustee or director | 5 | $0 |
| JOHN CHARETTE | DIRECTOR Trustee or director | 1 | $0 |
| SR MARY ROSE CROWLEY | DIRECTOR Trustee or director | 1 | $0 |
| SARAH LAHR FITZSIMONS | DIRECTOR Trustee or director | 1 | $0 |
| MARCIA HERRERA | DIRECTOR Trustee or director | 1 | $0 |
| AURA ALVARADO | DIRECTOR Trustee or director | 1 | $0 |
| MARJORIE MORRISEY | DIRECTOR Trustee or director | 5 | $0 |
| THOMAS SLINEY | DIRECTOR Trustee or director | 1 | $0 |
| NATALIE CORBETT | DIRECTOR Trustee or director | 1 | $0 |
| HILLARY ROCKWELL CAHN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KAREN JARMOC | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| CHRISTINE JEAN-LOUIS | DIRECTOR Trustee or director | 1 | $0 |
| SUZANNE TAMBURRO | DIRECTOR Trustee or director | 1 | $0 |
| SANDRA MARIN LAUTIER | DIRECTOR Trustee or director | 5 | $0 |
| LAKESHA RIVERA | DIRECTOR Trustee or director | 1 | $0 |
| JANEL SIMPSON | DIRECTOR Trustee or director | 1 | $0 |
| LORI GROTH | DIRECTOR Trustee or director | 1 | $0 |
| KARA MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL TRESSY | DIRECTOR Trustee or director | 1 | $0 |
| YVETTE HIGHSMITH-FRANCIS | BOARD CHAIR Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 457 MAIN ST, HARTFORD, CT 06103-3006
- Principal officer (990 for 2024)
- KATHLEEN BROMAGE, 457 MAIN STREET, HARTFORD, CT 06103
- Signed the 990
- KATHLEEN BROMAGE, TREASURER
- Phone
- (860) 263-7535
- Website
- WWW.GRACEACADEMYHARTFORD.ORG
- Return prepared by
- CLIFTONLARSONALLEN
Mission
GRACE ACADEMY IS AN INDEPENDENT, INTERFAITH, TUITION-FREE MIDDLE SCHOOL WHERE GIRLS REACH THEIR FULLEST POTENTIAL THROUGH EQUITABLE ACCESS TO A NURTURING LEARNING ENVIRONMENT. WE CULTIVATE CONFIDENT LEARNERS WHO ASPIRE TO MAKE MEANINGFUL CONTRIBUTIONS TO THEIR COMMUNITY, SUPPORTING THEM THROUGH HIGH SCHOOL, COLLEGE, AND BEYOND.
Program accomplishments
- ACADEMICS: ACADEMICS ARE THE CORNERSTONE OF A GRACE ACADEMY EDUCATION. THE FACULTY IS ALWAYS MINDFUL THAT THEY ARE PREPARING THEIR YOUNG STUDENTS TO SUCCEED IN DEMANDING HIGH SCHOOL AND COLLEGE PROGRAMS. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A CHALLENGING ACADEMIC CURRICULUM THAT INCLUDES LANGUAGE ARTS AND READING, MATHEMATICS, SCIENCE, SOCIAL STUDIES, SPANISH, RELIGION, MEDIA/TECHNOLOGY, HEALTH, ART AND MUSIC; AN INTENTIONALLY SMALL COMMUNITY WITH SMALL, STRUCTURED CLASSES TO FOSTER AS MUCH INDIVIDUAL ATTENTION AS POSSIBLE; A HOMEWORK BLOCK OF TIME WITH INDIVIDUAL TUTORING AVAILABLE; AND FORMAL PROGRESS REPORTS AND REPORT CARD SESSIONS WITH THE PARENTS.Expenses $1,028,542 · revenue $6,735
- GRADUATE SUPPORT PROGRAM: GRACE ACADEMY'S GOAL IS THAT ALL OF ITS STUDENTS SUCCESSFULLY GRADUATE FROM A SELECTIVE, HIGHLY REGARDED, COLLEGE PREPARATORY HIGH SCHOOL, AND CONTINUE ON TO POST-SECONDARY EDUCATION SO THEY ARE IN THE POSITION TO SUPPORT THEMSELVES, THEIR FAMILIES, AND HELP CHANGE THEIR COMMUNITIES. THE GRADUATE SUPPORT PROGRAM HELPS FACILITATE A SMOOTH AND SUCCESSFUL TRANSITION INTO PRIVATE OR COMPETITIVE PUBLIC CHARTER/MAGNET SCHOOLS BY PROVIDING ASSISTANCE WITH SSAT PREP CLASSES, HIGH SCHOOL SELECTION, APPLICATION, REGISTRATION, AND FINANCIAL AID COUNSELING; MONITORING ACADEMIC PROGRESS THROUGH HIGH SCHOOL; OFFERING SUPPORT, IN COLLABORATION WITH HIGH SCHOOL COUNSELING STAFF WITH COLLEGE PREPARATORY AND PLACEMENT ACTIVITIES; AND MAINTAINING ONGOING CONTACT WITH ALUMNAE AND ORGANIZING EVENTS THAT PROVIDE THEM WITH THE OPPORTUNITY TO RE-ENGAGE WITH GRACE ACADEMY AND REUNITE WITH THEIR PEERS.Expenses $65,664
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1673012
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $6,431,245
- Income (IRS master file)
- $2,715,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,268,586 | $1,476,273 | $6,431,245 | XML |
| 990 | June 2024 | $1,572,248 | $1,417,741 | $5,116,724 | XML |
| 990 | June 2023 | $1,399,530 | $1,395,592 | $4,714,110 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 27-1673012).
Questions about GRACE ACADEMY INC
- What is the EIN of GRACE ACADEMY INC?
- The employer identification number (EIN) of GRACE ACADEMY INC is 27-1673012.
- Is GRACE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to GRACE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRACE ACADEMY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GRACE ACADEMY INC?
- The 990 for the year ended June 30, 2025 names KATHLEEN BROMAGE.
- Who are the officers and directors of GRACE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 2 received compensation from the organization, the highest $130,000 (PRINCESS HYATT, EXECUTIVE DIRECTOR).
- How much revenue does GRACE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,268,586, expenses of $1,476,273 and total assets of $6,431,245 at year end.
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