Nonprofit · EIN 80-0235887
GRACE-MAR SERVICES INC
Tax-exempt · CHARLOTTE, NC 28202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $502,362 | $483,353 | $19,009 | $471,978 | $0 | $471,978 |
| December 31, 2023 | 990 | $224,988 | $457,758 | -$232,770 | $681,337 | $348,368 | $332,969 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $502,362
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $84,399
- Other salaries and wages
- $163,934
- Salaries, compensation and benefits (total)
- $420,082
- Professional fundraising fees
- $0
- Legal fees
- $700
- Accounting fees
- $8,333
- Occupancy
- $8,244
- Travel
- $6,343
- Program services (functional)
- $483,353
Balance sheet and other
- Total assets, start of year
- $681,337
- Total assets, end of year
- $471,978
- Total liabilities, end of year
- $0
- Net assets, end of year
- $471,978
- Land, buildings and equipment
- $190,092
- Net assets without donor restrictions
- $211,924
- Net assets with donor restrictions
- $260,054
- Gross receipts
- $502,362
- Employees
- 7
- Volunteers
- 5
- Year formed
- 2009
- State of legal domicile
- NC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Kenneth Smith | President Key employee | 50 | $40,000 | $104,500 |
| Grace Blake Smith | Vice President Key employee | 40 | $45,000 | $40,000 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Kenneth Smith | President Officer | 30 | $40,000 | $40,000 |
| Grace Blake Smith | Vice President Key employee | 30 | $45,000 | $26,000 |
Address and contacts
- Address (IRS master file)
- 615 E 6TH ST STE 116, CHARLOTTE, NC 28202-2918
- Principal officer (990 for 2024)
- Kenneth Smith, 615 E 6th Street, Suite 116, Charlotte, NC 28202
- Signed the 990
- Kenneth Smith, Executive Director
- Phone
- (704) 909-6041
- Website
- www.gracemar.org
- 990-N for 2011 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Kenneth Smith, 1211Hydrangea Circle NW, Concord NC 28027. Mailing address: PO Box 480323, Charlotte NC 28269.
Mission
Grace Mar builds stronger more resilient communities of color using workforce development and minority business ownership as a catalyst.
Program accomplishments
- We successfully completed the third year of the YouthBuild program.Expenses $147,265 · revenue $121,803
- In addition, we added and upgraded our online training platform enabling our agency to train over 100 individuals along with our YouthBuild students in several areas including, Construction and Construction Maintenance, Generative AI, Microsoft Office Suites and Customer Service.Expenses $326,998 · revenue $365,409
- We successfully moved our first fathers into our transitional home located at 322 Dare DriveExpenses $9,090 · revenue $15,150
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0235887
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $471,978
- Income (IRS master file)
- $502,362
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $502,362 | $483,353 | $471,978 | IRS |
| 990 | December 2023 | $224,988 | $457,758 | $681,337 | XML |
| 990 | December 2022 | $585,699 | $168,920 | $2,289,768 | IRS |
| 990 | December 2021 | $548,404 | $395,121 | $1,690,253 | IRS |
| 990 | December 2020 | $652,234 | $485,046 | $1,536,970 | IRS |
| 990-N for 2011 Officer: Kenneth Smith Filed under this EIN, most likely by a chapter or affiliate | December 31, 2011 | ≤ $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 80-0235887).
Questions about GRACE-MAR SERVICES INC
- What is the EIN of GRACE-MAR SERVICES INC?
- The employer identification number (EIN) of GRACE-MAR SERVICES INC is 80-0235887.
- Is GRACE-MAR SERVICES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to GRACE-MAR SERVICES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE-MAR SERVICES 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-MAR SERVICES 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-MAR SERVICES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRACE-MAR SERVICES INC?
- The 990 for the year ended December 31, 2024 names Kenneth Smith.
- Who are the officers and directors of GRACE-MAR SERVICES INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $40,000 (Kenneth Smith, President).
- How much revenue does GRACE-MAR SERVICES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $502,362, expenses of $483,353 and total assets of $471,978 at year end.
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All nonprofits in CHARLOTTE · North Carolina · Human services