Nonprofit · EIN 81-1195310
GRACE INITIATIVE GLOBAL
Also known as GRACE INITIATIVE
Tax-exempt · DORSET, VT 05251
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $190,785 | $276,918 | -$86,133 | $18,625 | $18,625 | $0 |
| December 31, 2023 | 990-EZ | $146,256 | $185,008 | -$38,752 | $61,450 | $69,831 | -$8,381 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $190,785
- of which government grants
- $190,785
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $156,797
- Other salaries and wages
- $9,846
- Salaries, compensation and benefits (total)
- $9,846
- Professional fundraising fees
- $0
- Accounting fees
- $3,560
- Occupancy
- $12,700
- Travel
- $25,640
- Program services (functional)
- $276,918
Balance sheet and other
- Total assets, start of year
- $61,450
- Total assets, end of year
- $18,625
- Total liabilities, end of year
- $18,625
- Net assets, end of year
- $0
- Gross receipts
- $190,785
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2023
- State of legal domicile
- VT
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 |
|---|---|---|---|---|
| Yvonne Lodico | Director Trustee or director, Key employee | 40 | $0 | $32,001 |
| Melissa Jarvis | Case Management Key employee | 40 | $0 | $4,704 |
| Rabika Arshad | Assistant Key employee | 40 | $0 | $2,008 |
| Kaynat Arshad | Assistant Key employee | 40 | $0 | $2,008 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yvonne Lodico | Executive Director | 40 | $14,063 |
| Luis Miguel Ruiz | President | 1 | $0 |
| Lucas Bento | Vice President | 1 | $0 |
| Jadranka Mihalic | Secretary | 1 | $0 |
| David Rudnick | Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 818, DORSET, VT 05251-0818
- In care of
- % YVONNE LODICO
- Mailing address (990-N for 2022)
- PO box 818, Dorset VT 05251
- Principal officer (990 for 2024)
- Yvonne Lodico, PO Box 818, Dorset, VT 052510818
- Principal officer (990-N for 2022)
- Yvonne Lodico, PO Box 818, Dorset VT 05251
- Signed the 990
- Yvonne Lodico, Executive Director
- Phone
- (802) 430-5135
- Website
- www.grace-initiative.org
Mission
Grace Initiative Global's humanitarian resettlement aims to bring about Economic Self-Sufficiency for people who have entered legally into the US, through a Matching Grant program. The aim of the program is to help these entrants gain economic self-sufficiency without accessing government cash assistance or government housing, through a 240-day program. To guide legal entrants to economic self-sufficiency, without dependency on government cash assistance, Grace Initiative provides tailored: Mentoring in Life Skills English Language Learning Employment Placement Education and Training Trauma Care and Wellness
Program accomplishments
- Grace Initiative Global's humanitarian resettlement program uses a 240-day Matching Grant model to help legally admitted newcomers achieve economic self-sufficiency without relying on government cash assistance or housing, offering individualized mentoring in life skills, English language instruction, employment placement, education and training, and trauma-informed wellness support.Expenses $276,918 · revenue $190,785
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-EZ on file |
IRS record
- EIN
- 81-1195310
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q20)
- Assets (IRS master file)
- $18,625
- Income (IRS master file)
- $190,785
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $190,785 | $276,918 | $18,625 | IRS |
| 990-EZ | December 2023 | $146,256 | $185,008 | $61,450 | XML |
| 990-N for 2022 Officer: Yvonne Lodico | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Yvonne Lodico | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Yvonne Lodico | 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 81-1195310).
Questions about GRACE INITIATIVE GLOBAL
- What is the EIN of GRACE INITIATIVE GLOBAL?
- The employer identification number (EIN) of GRACE INITIATIVE GLOBAL is 81-1195310.
- Is GRACE INITIATIVE GLOBAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to GRACE INITIATIVE GLOBAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE INITIATIVE GLOBAL 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 INITIATIVE GLOBAL 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 INITIATIVE GLOBAL 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 INITIATIVE GLOBAL?
- The 990 for the year ended December 31, 2024 names Yvonne Lodico.
- Who are the officers and directors of GRACE INITIATIVE GLOBAL?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does GRACE INITIATIVE GLOBAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $190,785, expenses of $276,918 and total assets of $18,625 at year end.
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