Nonprofit · EIN 47-4073406
GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC
Also known as DBA IMPACT SCHOOL OF THE ARTS
Tax-exempt · FORT PIERCE, FL 34950
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $140,492 | $115,373 | $25,119 | $79,663 | – | $30,307 |
| December 31, 2023 | 990 | $201,797 | $173,876 | $27,921 | $24,731 | $0 | $24,731 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $135,278
- Other revenue
- $5,214
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $59,014
- Professional fees and payments to contractors
- $5,461
- Other expenses
- $50,898
- Program services (functional)
- $115,373
Balance sheet and other
- Total assets, start of year
- $14,574
- Total assets, end of year
- $79,663
- Total liabilities, end of year
- –
- Net assets, end of year
- $30,307
- Cash, savings and investments
- $76,486
- Gross receipts
- $140,492
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANN THOMPSON | Director | 0 | $0 |
| RANDY TOOMBS | Vice President | 0 | $0 |
| ELLA WIMES | Director | 0 | $0 |
| ALFONSO CHESTER | Treasurer | 0 | $0 |
| ANTHONY THOMPSON | President | 0 | $0 |
| KEYAWANNA FRAZIER | Secretary | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joann Thompson | Director Trustee or director | 0 | $45,757 |
| Ella Wimes | Director Trustee or director | 0 | $0 |
| Randy Toombs | Vice President Officer | 0 | $0 |
| Alfonso Chester | Treasurer Officer | 0 | $0 |
| Anthony Thompson | President Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 712 N 7TH ST STE A, FORT PIERCE, FL 34950-3149
- Mailing address (990-N for 2019)
- 5360 NW East Paden Circle, Port St Lucie FL 34986
- Principal officer (990-N for 2019)
- Joann Thompson, 5360 NW East Paden Circle, Port St Lucie FL 34986
- Signed the 990-EZ
- JOANN THOMPSON, Executive Director
- Phone
- (772) 579-0251
- Return prepared by
- Time for Taxes LLC
Mission
Our Mission is to provide quality tutoring and educational services to bridge the gap of mastery in Reading Comprehension and Mathematics skills for our students in a blended learning environment. Our blended learning environment also allows our students to repetitively practice the core academics and computer skills needed to promote success on State assessments.
Program accomplishments
- Our Mission is to provide quality tutoring to bridge the gap of mastery in Reading Comprehension and Mathematics skills for our students in a blended learning environment. Our blended learning environment also allows our students to repetitively practice the core academics and computer skills needed to promote success on State assessments.Expenses $115,373
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 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4073406
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $79,663
- Income (IRS master file)
- $140,492
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $140,492 | $115,373 | $79,663 | XML |
| 990 | December 2023 | $201,797 | $173,876 | $24,731 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | $212,476 | $176,217 | $75,255 | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Joann Thompson | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-4073406).
Questions about GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC
- What is the EIN of GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC?
- The employer identification number (EIN) of GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC is 47-4073406.
- Is GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE EDUCATION & BUSINESS COMMUNITY CENTER 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 EDUCATION & BUSINESS COMMUNITY CENTER 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 EDUCATION & BUSINESS COMMUNITY CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC?
- The 990-N for 2019 names Joann Thompson.
- Who are the officers and directors of GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC?
- The 990-EZ for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GRACE EDUCATION & BUSINESS COMMUNITY CENTER INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $140,492, expenses of $115,373 and total assets of $79,663 at year end.
Other nonprofits in FORT PIERCE
- EARLY LEARNING COALITION OF ST LUCIE COUNTY INC EIN 59-3679509 · last filed 990 for 2025
- SYNERGY SCHOOL OF TOMORROW INC EIN 45-5373719 · last filed 990 for 2025
- INDEPENDENCE CLASSICAL ACADEMY INC EIN 81-2700759 · last filed 990 for 2025
- ST ANDREWS EPISCOPAL SCHOOL OF FORT PIERCE INC EIN 59-2429213 · last filed 990 for 2025
- CLUB PURE INC EIN 46-3277220 · last filed 990 for 2024
- INDIAN RIVER STATE COLLEGE FDN INC EIN 59-1105591 · last filed 990 for 2025
- LOVING CARE YOUNG ACHIEVERS CLUB EIN 47-3415721 · last filed 990 for 2025
- THE A HAZEN AND SARAH M BURNET FOUNDATION INCORPORATED EIN 65-1290616 · last filed 990-PF for 2025