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Nonprofit · EIN 27-4401270

GRACE COUNSELING INC

Tax-exempt · GREENWOOD VLG, CO 80111

Financials

$1.5M$1.5M2023$1M$1M2024$920K$949K2025
Revenue Expenses · by fiscal year end
Financials of GRACE COUNSELING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$919,685$949,307-$29,622$1,115,365$1,063,727$51,638
December 31, 2024990$1,024,629$1,019,771$4,858$1,181,536$1,100,276$81,260
December 31, 2023990$1,481,118$1,505,131-$24,013$1,217,673$1,141,271$76,402
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$36,859
Program service revenue
$881,898
Investment income
$708
Other revenue
$220

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$216,359
Other salaries and wages
$484,633
Salaries, compensation and benefits (total)
$743,072
Professional fundraising fees
$0
Legal fees
$2,355
Occupancy
$54,758
Depreciation
$24,331
Program services (functional)
$670,610
Management and general (functional)
$265,237
Fundraising (functional)
$13,460

Balance sheet and other

Total assets, start of year
$1,181,536
Total assets, end of year
$1,115,365
Total liabilities, end of year
$1,063,727
Net assets, end of year
$51,638
Land, buildings and equipment
$1,058,532
Net assets without donor restrictions
$33,852
Net assets with donor restrictions
$17,786
Gross receipts
$919,685
Employees
15
Year formed
2011
State of legal domicile
CO

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
MICHAEL KRAGTEXECUTIVE DI
Trustee or director, Officer
40$0$165,359
ROBERT GIBSONTHERAPIST
Highest-paid employee
40$0$137,741
REBECCA BARRICKMEMBER
Trustee or director
2$0$0
STEVE BOWENSMEMBER
Trustee or director
2$0$0
DEB BUTTESECRETARY
Trustee or director
2$0$0
SHERRIE FARRELLTREASURER
Trustee or director, Officer
2$0$0
DAVE PALMERCHAIRMAN OF
Trustee or director, Officer
2$0$0
BARB ROBERTSMEMBER
Trustee or director
2$0$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgs
MICHAEL KRAGTEXECUTIVE DI
Trustee or director, Officer
40$0$210,981
ROBERT GIBSONTHERAPIST
Highest-paid employee
40$0$129,909
REBECCA BARRICKMEMBER
Trustee or director
2$0$0
STEVE BOWENSMEMBER
Trustee or director
2$0$0
DEB BUTTESECRETARY
Trustee or director
2$0$0
SHERRIE FARRELLTREASURER
Trustee or director, Officer
2$0$0
DAVE PALMERCHAIRMAN OF
Trustee or director, Officer
2$0$0
BARB ROBERTSMEMBER
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL BALLARDBUSINESS DIR
Highest-paid employee
40$163,655$44,800
MICHAEL KRAGTEXECUTIVE DI
Trustee or director, Officer
40$149,477$51,000
JESSICA PAECLINICAL DIR
Highest-paid employee
40$151,559$44,615
ROBERT GIBSONTHERAPIST
Highest-paid employee
40$110,178$0
REBECCA BARRICKMEMBER
Trustee or director
2$0$0
DEB BUTTESECRETARY
Trustee or director
2$0$0
STEVE BOWENSMEMBER
Trustee or director
2$0$0
SHERRIE FARRELLTREASURER
Trustee or director, Officer
2$0$0
JUNE HANMEMBER
Trustee or director
2$0$0
JOHN MOORHEADMEMBER
Trustee or director
2$0$0
DAVE PALMERCHAIRMAN OF
Trustee or director, Officer
2$0$0
BARB ROBERTSMEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
8301 E PRENTICE AVE STE 300, GREENWOOD VLG, CO 80111-2906
In care of
% MICHAEL KRAGT
Principal officer (990 for 2025)
MICHAEL KRAGT, 8301 EAST PRENTICE AVENUE SUITE 300, GREENWOOD VILLAGE, CO 80111
Signed the 990
MICHAEL KRAGT, EXECUTIVE DIRECTOR
Phone
(720) 489-8555
Return prepared by
MRA CPAS LLC

Mission

TO PROVIDE COUNSELING, PSYCHIATRIC, EDUCATIONAL AND CONSULTATION SERVICES TO INDIVIDUALS, FAMILIES, CHURCHES, RELIGIOUS ORGANIZATIONS AND BUSINESSES. GRACE COUNSELING, INC. IS A CHRISTIAN COUNSELING CENTER OFFERING EXCELLENCE IN A FULL RANGE OF CLINICAL SERVICES AND FAMILY COUNSELING. GRACE COUNSELING STRIVES TO PROVIDE EXCEPTIONAL CARE IN A COMPASSIONATE ENVIRONMENT FOR EVERY CLIENT. OUR DEDICATED TEAM OF PROFESSIONALS SEEKS TO STRENGTHEN, EDUCATE, AND BRING HEALING TO OUR CLIENTS AND THEIR FAMILIES.

990 for the year ended December 31, 2025

Program accomplishments

  • IN 2025, GRACE COUNSELING, INC. AVERAGED 127 OUTPATIENT COUNSELING APPOINTMENTS PER WEEK. APPROXIMATELY 30% OF OUR SERVICES ARE OFFERED ON A REDUCED FEE FOR THOSE WHO CANNOT AFFORD MARKET RATES. OUR STAFF PROVIDED OVER 100 COMMUNITY OUTREACH CONTACTS INCLUDING TRAININGS AND CONSULTATIONS FOR THE COMMUNITY OFFERED FREE OF CHARGE.
    Expenses $670,610 · revenue $881,898

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-4401270
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,115,365
Income (IRS master file)
$919,685

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$919,685$949,307$1,115,365XML
990December 2024$1,024,629$1,019,771$1,181,536XML
990December 2023$1,481,118$1,505,131$1,217,673XML
990December 2022$1,621,880$1,782,362$1,274,909IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 27-4401270).

Questions about GRACE COUNSELING INC

What is the EIN of GRACE COUNSELING INC?
The employer identification number (EIN) of GRACE COUNSELING INC is 27-4401270.
Is GRACE COUNSELING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to GRACE COUNSELING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRACE COUNSELING 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 COUNSELING INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRACE COUNSELING INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of GRACE COUNSELING INC?
The 990 for the year ended December 31, 2025 names MICHAEL KRAGT.
Who are the officers and directors of GRACE COUNSELING INC?
The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does GRACE COUNSELING INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $919,685, expenses of $949,307 and total assets of $1,115,365 at year end.

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