Nonprofit · EIN 81-0844164
GRACE INSTITUTE OF NEW YORK INC
Tax-exempt · NEW YORK, NY 10006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,821,234 | $3,813,297 | $1,007,937 | $4,467,318 | $102,257 | $4,365,061 |
| December 31, 2023 | 990 | $3,852,158 | $3,184,140 | $668,018 | $3,459,465 | $102,341 | $3,357,124 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,649,670
- of which government grants
- $610,918
- Program service revenue
- $1,315
- Investment income
- $88,527
- Net rental income
- $81,000
- Other revenue
- $81,722
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $447,617
- Other salaries and wages
- $1,896,985
- Salaries, compensation and benefits (total)
- $2,761,674
- Professional fundraising fees
- $0
- Legal fees
- $475
- Accounting fees
- $29,082
- Occupancy
- $319,618
- Travel
- $10,637
- Depreciation
- $42,609
- Program services (functional)
- $2,760,019
- Management and general (functional)
- $434,941
- Fundraising (functional)
- $618,337
Balance sheet and other
- Total assets, start of year
- $3,459,465
- Total assets, end of year
- $4,467,318
- Total liabilities, end of year
- $102,257
- Net assets, end of year
- $4,365,061
- Land, buildings and equipment
- $266,138
- Net assets without donor restrictions
- $2,587,455
- Net assets with donor restrictions
- $1,777,606
- Gross receipts
- $4,869,378
- Employees
- 26
- Volunteers
- 252
- Year formed
- 2015
- State of legal domicile
- NY
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 | Other / benefits |
|---|---|---|---|---|
| DANAE MCLEOD | CHIEF EXECUTIVE OFFICER Officer | 35 | $256,603 | $21,218 |
| LEAH COOPER | DIRECTOR OF DEVELOPMENT Highest-paid employee | 35 | $204,238 | $8,821 |
| CHERISE JONES | CHIEF FINANCIAL AND OPERATIONS OFFICER Key employee | 35 | $157,276 | $12,520 |
| MIA WILSON | CHIEF STRATEGY OFFICER Highest-paid employee | 35 | $145,522 | $7,573 |
| JOHN MARIMUTHU | DIRECTOR OF TALENT SERVICE Highest-paid employee | 35 | $108,620 | $4,278 |
| PATRICIA MONTGOMERIE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| IVA VUKINA | BOARD CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| BRENDAN DOYLE | TREASURER (THROUGH 12/24) Trustee or director, Officer | 2 | $0 | $0 |
| KATIA BOUAZZA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICK GRACE | DIRECTOR (THROUGH 3/24) Trustee or director | 2 | $0 | $0 |
| MARY TIDLUND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA A YASTINE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE CILIEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MABEL RIUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHAY GIPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LIZ HERSHFIELD | DIRECTOR Trustee or director | 2 | $0 |
| DAVID BEAR | DIRECTOR Trustee or director | 2 | $0 |
| RONITA MACKLIN | DIRECTOR Trustee or director | 2 | $0 |
| MARC JAMES | DIRECTOR Trustee or director | 2 | $0 |
| JOSIE COX | DIRECTOR Trustee or director | 2 | $0 |
| M L GRAEME CAMPBELL | DIRECTOR Trustee or director | 2 | $0 |
| MARGO PILIC | DIRECTOR Trustee or director | 2 | $0 |
| MONICA RICHTER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANAE MCLEOD | CHIEF EXECUTIVE OFFICER Officer | 35 | $219,106 | $15,442 |
| CHERISE JONES | FINANCE DIRECTOR Highest-paid employee | 35 | $140,000 | $3,231 |
| MIA WILSON | CHIEF STRATEGY OFFICER Highest-paid employee | 35 | $129,192 | $12,890 |
| MARGO BOYKINS | DIRECTOR OF PARTICIPANT ENGAGEMENT Highest-paid employee | 35 | $106,000 | $9,600 |
| JOHN MARIMUTHU | DIRECTOR OF TALENT SERVICE Highest-paid employee | 35 | $106,000 | $2,813 |
| PATRICIA MONTGOMERIE | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| IVA VUKINA | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRENDAN DOYLE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KATIA BOUAZZA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICK GRACE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SUZANNE LINDQUIST | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY TIDLUND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA A YASTINE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHELLE CILIEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MABEL RUIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHAY GIPSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARY BURKE | DIRECTOR (THROUGH 3/23) Trustee or director | 2 | $0 | $0 |
| WENDY DAVIES | DIRECTOR (THROUGH 6/23) Trustee or director | 2 | $0 | $0 |
| LIZ HERSHFIELD | DIRECTOR (THROUGH 1/23) Trustee or director | 2 | $0 | $0 |
| SARAH KANES | DIRECTOR (THROUGH 11/23) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 RECTOR STREET 14TH FLOOR, NEW YORK, NY 10006-1728
- In care of
- % ROSS KLEPETKO
- Principal officer (990 for 2024)
- DANAE MCLEOD, 40 RECTOR STREET 14TH FLOOR, NEW YORK, NY 10006
- Signed the 990
- DANAE MCLEOD, CHIEF EXECUTIVE OFFICER
- Phone
- (212) 832-7605
- Website
- WWW.GRACEINSTITUTE.ORG
- Return prepared by
- SAX LLP
Mission
GRACE INSTITUTE'S MISSION IS TO EMPOWER UNDERSERVED WOMEN IN THE NEW YORK AREA TO ACHIEVE EMPLOYMENT AND ECONOMIC SELF-SUFFICIENCY. WITHIN A SUPPORTIVE AND STRUCTURED ENVIRONMENT, GRACE INSTITUTE PROVIDES JOB-SKILLS TRAINING, COUNSELING, PLACEMENT SERVICES AND CONTINUOUS LEARNING OPPORTUNITIES THAT LEAD TO UPWARDLY MOBILE EMPLOYMENT. GRACE INSTITUTE OFFERS THESE SERVICES SO THAT PARTICIPANTS CAN REALIZE THEIR INHERENT STRENGTH, RESILIENCE AND LIMITLESS POTENTIAL.
Program accomplishments
- IN 2024, GRACE INSTITUTE SERVED 310 WOMEN THROUGH OUR WORKFORCE TRAINING PROGRAMS AND SUCCESSFULLY GRADUATED 239 (77%). WE WILL PLACE 75% OF OUR GRADUATES IN A VARIETY OF INDUSTRIES INCLUDING HEALTH CARE, LEGAL, HOSPITALITY AND NONPROFIT. OUR GRADUATES WILL INCREASE THEIR PERSONAL INCOME FIVE FOLD AFTER COMPLETING THE PROGRAM.Expenses $2,760,019 · revenue $1,315
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
- 81-0844164
- 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)
- Employment (J30)
- Assets (IRS master file)
- $4,467,318
- Income (IRS master file)
- $4,869,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,821,234 | $3,813,297 | $4,467,318 | XML |
| 990 | December 2023 | $3,852,158 | $3,184,140 | $3,459,465 | XML |
| 990 | December 2022 | $3,509,724 | $2,929,037 | $2,726,623 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 81-0844164).
Questions about GRACE INSTITUTE OF NEW YORK INC
- What is the EIN of GRACE INSTITUTE OF NEW YORK INC?
- The employer identification number (EIN) of GRACE INSTITUTE OF NEW YORK INC is 81-0844164.
- Is GRACE INSTITUTE OF NEW YORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to GRACE INSTITUTE OF NEW YORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE INSTITUTE OF NEW YORK 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 INSTITUTE OF NEW YORK 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 INSTITUTE OF NEW YORK 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 INSTITUTE OF NEW YORK INC?
- The 990 for the year ended December 31, 2024 names DANAE MCLEOD.
- Who are the officers and directors of GRACE INSTITUTE OF NEW YORK INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 5 received compensation from the organization, the highest $256,603 (DANAE MCLEOD, CHIEF EXECUTIVE OFFICER).
- How much revenue does GRACE INSTITUTE OF NEW YORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,821,234, expenses of $3,813,297 and total assets of $4,467,318 at year end.
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