Nonprofit · EIN 36-4793159
GRACE FOUNDATION
Tax-exempt · THE WOODLANDS, TX 77384
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,231,855 | $1,075,612 | $156,243 | $2,960,975 | $21,661 | $2,939,314 |
| June 30, 2024 | 990 | $1,568,550 | $1,920,299 | -$351,749 | $2,923,609 | $767,762 | $2,155,847 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,075,000
- Program service revenue
- $0
- Investment income
- $156,855
- Net gain from sales of assets
- $94,657
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,060,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,900
- Program services (functional)
- $1,071,712
- Management and general (functional)
- $3,900
Balance sheet and other
- Total assets, start of year
- $2,923,609
- Total assets, end of year
- $2,960,975
- Total liabilities, end of year
- $21,661
- Net assets, end of year
- $2,939,314
- Publicly traded securities
- $2,762,487
- Net assets without donor restrictions
- $813,613
- Net assets with donor restrictions
- $2,125,701
- Gross receipts
- $1,231,855
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- TX
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 |
|---|---|---|---|
| MARK ALBERS | TRUSTEE Trustee or director | 1 | $0 |
| JOHN ALLISON | TRUSTEE Trustee or director | 1 | $0 |
| DAVID ANDERSON | TRUSTEE Trustee or director | 1 | $0 |
| TOM GARDNER | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT MCEWEN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN ROMAIN | PRESIDENT Trustee or director | 1 | $0 |
| ROBERT KING | COO Officer | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK ALBERS | TRUSTEE Trustee or director | 1 | $0 |
| JOHN ALLISON | TRUSTEE Trustee or director | 1 | $0 |
| DAVID ANDERSON | TRUSTEE Trustee or director | 1 | $0 |
| TOM GARDNER | TRUSTEE Trustee or director | 1 | $0 |
| SCOTT MCEWEN | TRUSTEE Trustee or director | 1 | $0 |
| JOHN ROMAIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT KING | COO AS OF 20 Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3705 COLLEGE PARK DR STE 140, THE WOODLANDS, TX 77384-4894
- In care of
- % THOMAS K KRUPPSTADT
- Principal officer (990 for 2024)
- ROBERT KING, 3705 COLLEGE PARK DR STE 140, THE WOODLANDS, TX 77384
- Signed the 990
- ROBERT KING, COO
- Phone
- (877) 476-8674
- Return prepared by
- PEARCE BEVILL LEESBURG MOORE PC
Mission
THE MISSION OF THE GRACE FOUNDATION IS TO FINANCIALLY SUPPORT THE MINISTRY OF GRACE SCHOOL OF THEOLOGY IN ORDER TO REALIZE ITS VISION- TO DEVELOP SPIRITUAL LEADERS IN EVERY NATION WHO CAN TEACH OTHERS ABOUT THE LOVE OF CHRIST, A LOVE THAT CANNOT BE EARNED AND CANNOT BE LOST.
Program accomplishments
- SUPPORT OF GRACE SCHOOL OF THEOLOGY HIGHER EDUCATION PROGRAM SERVICES.Expenses $1,071,712 · grants $1,060,000
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
- 36-4793159
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $2,960,975
- Income (IRS master file)
- $1,231,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,231,855 | $1,075,612 | $2,960,975 | IRS |
| 990 | June 2024 | $1,568,550 | $1,920,299 | $2,923,609 | XML |
| 990 | June 2023 | $1,621,609 | $2,064,608 | $3,424,194 | IRS |
| 990 | June 2022 | $1,419,837 | $1,806,732 | $3,611,326 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 36-4793159).
Questions about GRACE FOUNDATION
- What is the EIN of GRACE FOUNDATION?
- The employer identification number (EIN) of GRACE FOUNDATION is 36-4793159.
- Is GRACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to GRACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does GRACE FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended June 30, 2025 names ROBERT KING.
- Who are the officers and directors of GRACE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does GRACE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,231,855, expenses of $1,075,612 and total assets of $2,960,975 at year end.
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