Nonprofit · EIN 52-1096867
GRACE ACADEMY INC
Tax-exempt · HAGERSTOWN, MD 21740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,431,246 | $4,267,569 | $163,677 | $2,603,744 | $1,100,766 | $1,502,978 |
| June 30, 2024 | 990 | $4,121,181 | $4,085,947 | $35,234 | $2,597,289 | $1,257,988 | $1,339,301 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $71,390
- Program service revenue
- $4,256,693
- Investment income
- $27,100
- Net rental income
- $18,730
- Net income from fundraising events
- $54,924
- Net income from sales of inventory
- -$1,031
- Other revenue
- $76,063
Expenses
- Grants and similar amounts paid
- $440,381
- Other salaries and wages
- $1,981,642
- Salaries, compensation and benefits (total)
- $2,178,101
- Professional fundraising fees
- $0
- Accounting fees
- $11,937
- Occupancy
- $213,987
- Depreciation
- $157,741
- Program services (functional)
- $3,458,896
- Management and general (functional)
- $808,673
Balance sheet and other
- Total assets, start of year
- $2,597,289
- Total assets, end of year
- $2,603,744
- Total liabilities, end of year
- $1,100,766
- Net assets, end of year
- $1,502,978
- Land, buildings and equipment
- $1,715,938
- Net assets without donor restrictions
- $1,481,978
- Net assets with donor restrictions
- $21,000
- Gross receipts
- $4,463,505
- Employees
- 98
- Volunteers
- 30
- Year formed
- 1977
- State of legal domicile
- MD
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 |
|---|---|---|---|
| BEVERLY STITELY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| KOREY PAFF | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| DARREN SWEENEY | DIRECTOR Trustee or director | 0.5 | $0 |
| DAN THORNTON | DIRECTOR Trustee or director | 0.5 | $0 |
| MARGARET SWACINA | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JONATHAN WORSLEY | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEVERLY STITELY | TREASURER Trustee or director, Officer | 0.5 | $0 |
| KOREY PAFF | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| EDDIE SWEENEY | DIRECTOR Trustee or director | 0.5 | $0 |
| DAN THORNTON | DIRECTOR Trustee or director | 0.5 | $0 |
| JONATHAN HIBBERT | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| MARGARET SWACINA | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| JONATHAN WORSLEY | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 13321 CEARFOSS PIKE, HAGERSTOWN, MD 21740-1614
- Signed the 990
- MARK KOONTZ, CHAIRMAN
- Phone
- (301) 733-2033
- Website
- GAKNIGHTS.ORG
- Return prepared by
- ALBRIGHT CRUMBACKER MOUL & ITELL LLC
Mission
SEEKS TO ENHANCE THE GOD-GIVEN POTENTIAL IN EACH STUDENT THROUGH QUALITY CHRISTIAN EDUCATION SO THEY MAY BE SERVANTS OF JESUS CHRIST IN THE WORLD.
Program accomplishments
- THE SCHOOL PROVIDED A WELL-ROUND, CHRISTIAN-GROUNDED EDUCATION TO STUDENTS OF THE WASHINGTON COUNTY, MARYLAND AREA. THE SCHOOL IS FORMALLY ACCREDITED BY INDEPENDENT AGENCIES AND FULLY RECOGNIZED BY THE STATE OF MARYLAND. THE SCHOOL ALSO HOSTS A STUDENT EXCHANGE PROGRAM UNDER WHICH FOREIGN STUDENTS WERE AFFORDED THE SAME EDCUTIONAL EXPERIENCE DURING THE YEAR.Expenses $3,458,896 · grants $440,381 · revenue $4,277,832
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
- 52-1096867
- 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
- 1979
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $2,603,744
- Income (IRS master file)
- $4,463,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,431,246 | $4,267,569 | $2,603,744 | XML |
| 990 | June 2024 | $4,121,181 | $4,085,947 | $2,597,289 | XML |
| 990 | June 2023 | $3,892,116 | $3,778,735 | $2,636,370 | IRS |
| 990 | June 2022 | $3,289,748 | $3,000,295 | $2,491,648 | IRS |
| 990 | June 2021 | – | – | – | 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 52-1096867).
Questions about GRACE ACADEMY INC
- What is the EIN of GRACE ACADEMY INC?
- The employer identification number (EIN) of GRACE ACADEMY INC is 52-1096867.
- Is GRACE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- 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 are the officers and directors of GRACE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does GRACE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,431,246, expenses of $4,267,569 and total assets of $2,603,744 at year end.
Other nonprofits in HAGERSTOWN
- SAINT JAMES SCHOOL INC EIN 52-0591413 · last filed 990 for 2025
- WASHINGTON COUNTY FREE LIBRARY EIN 52-6001038 · last filed 990 for 2025
- HEAD START OF WASHINGTON COUNTY INC EIN 52-1176416 · last filed 990 for 2025
- GLOBAL VISION FOUNDATION INC EIN 83-2548626 · last filed 990 for 2021
- HAGERSTOWN COMMUNITY COLLEGE FOUNDATION INC EIN 23-7121670 · last filed 990 for 2025
- MSOM INC EIN 92-0871561 · last filed 990 for 2025
- HERITAGE ACADEMY INC EIN 52-0889149 · last filed 990 for 2025
- HAGERSTOWN CHILDRENS SCHOOL ASSOCIATION INC EIN 52-1869677 · last filed 990 for 2025