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Grace Institute

  • New York, NY
  • Tax-exempt since March 1946
  • EIN: 13-1641069

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.33M (2023)

Expenses
$3.12M (2023)

Total Assets
$47M (2023)

Total Liabilities
$4.32M (2023)

Years with multiple filings
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,328,173
Expenses
$3,117,379
Net Income
-$1,789,206
Net Assets
$42,692,618
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $734,377
55.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $593,796
44.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $207,500
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,015,400
Total Liabilities $4,322,782
Net Assets $42,692,618
Compensation
Key Employees and Officers Compensation Related Other
Patrick Grace (President/Secretary) $207,500 $0 $0
Patricia Montgomerie (Asst. Secr/Tres) $0 $0 $0
Pedro Mata (Chairman) $0 $0 $0
Rev Patrick Devine (Director) $0 $0 $0
Margaret Grace (Director) $0 $0 $0
Mary Tidlund (Director) $0 $0 $0
Elise Grace (Director) $0 $0 $0
Russell Montgomerie (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$566,435
Expenses
$3,274,911
Net Income
-$2,708,476
Net Assets
$42,719,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $768
0.1%
Program Services $0
Investment Income $759,168
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$193,501
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $207,500
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,444,330
Total Liabilities $4,725,209
Net Assets $42,719,121
Compensation
Key Employees and Officers Compensation Related Other
Patrick Grace (President/Secretary) $215,713 $0 $0
Patricia Montgomerie (Asst. Secr/Tres) $0 $0 $0
Pedro Mata (Chairman) $0 $0 $0
Rev Patrick Devine (Director) $0 $0 $0
Margaret Grace (Director) $0 $0 $0
Mary Tidlund (Director) $0 $0 $0
Elise Grace (Director) $0 $0 $0
Russell Montgomerie (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,433,111
Expenses
$3,179,847
Net Income
-$746,736
Net Assets
$48,941,671
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,304
0.5%
Program Services $0
Investment Income $1,000,531
41.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,420,276
58.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $199,281
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $53,804,591
Total Liabilities $4,862,920
Net Assets $48,941,671
Compensation
Key Employees and Officers Compensation Related Other
Patrick Grace (Pres.,Ceo,Secr.) $190,000 $0 $0
Patricia Montgomerie (Asst. Secr/Tres) $0 $0 $0
Pedro Mata (Chairman) $0 $0 $0
Rev Patrick Devine (Director) $0 $0 $0
Margaret Grace (Director) $0 $0 $0
Mary Tidlund (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,719,692
Expenses
$2,973,587
Net Income
$746,105
Net Assets
$46,208,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,125,055
57.1%
Program Services $0
Investment Income $564,663
15.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,027,974
27.6%
Net Inventory Sales $0
Other Revenue $2,000
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $191,577
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,052,870
Total Liabilities $5,844,832
Net Assets $46,208,038
Compensation
Key Employees and Officers Compensation Related Other
Patrick Grace (Pres.,Ceo,Secr.) $203,731 $0 $0
Patricia Montgomerie (Asst. Secr/Tres) $0 $0 $0
Pedro Mata (Chairman) $0 $0 $0
Rev Patrick Devine (Director) $0 $0 $0
Margaret Grace (Director) $0 $0 $0
Mary Pidland (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 21, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,787,355
Expenses
$3,287,959
Net Income
-$1,500,604
Net Assets
$41,653,835
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $708,375
39.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,078,700
60.4%
Net Inventory Sales $0
Other Revenue $280
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $182,673
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $47,215,927
Total Liabilities $5,562,092
Net Assets $41,653,835
Compensation
Key Employees and Officers Compensation Related Other
Patrick Grace (Pres.,Ceo,Secr.) $175,000 $0 $0
Patricia Montgomerie (Asst. Secr/Tres) $0 $0 $0
Pedro Mata (Chairman) $0 $0 $0
Rev Patrick Devine (Director) $0 $0 $0
Margaret Grace (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,272,822
Expenses
$3,268,582
Net Income
-$995,760
Net Assets
$40,099,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $710,191
31.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,554,279
68.4%
Net Inventory Sales $0
Other Revenue $8,352
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $182,404
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $45,301,035
Total Liabilities $5,201,977
Net Assets $40,099,058
Compensation
Key Employees and Officers Compensation Related Other
Patrick Grace (President & Ceo) $175,000 $0 $0
Patricia Montgomerie (Director) $0 $0 $0
William R Grace Jr (Director) $0 $0 $0
Rev Patrick Devine (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,389,644
Expenses
$4,952,672
Net Income
-$3,563,028
Net Assets
$43,235,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $593,775
42.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $795,869
57.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $168,269
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $48,114,142
Total Liabilities $4,878,923
Net Assets $43,235,219

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$457,659
Expenses
$3,083,564
Net Income
-$2,625,905
Net Assets
$43,710,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,645
3.2%
Program Services $8,095
1.8%
Investment Income $450,894
98.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$15,975
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,116
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $390,963
12.7%
Assets/Debt
Total Assets $49,112,705
Total Liabilities $5,401,782
Net Assets $43,710,923

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$697,069
Expenses
$4,555,288
Net Income
-$3,858,219
Net Assets
$46,910,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $412,927
59.2%
Program Services $27,634
4.0%
Investment Income $531,538
76.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$275,030
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $249,116
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,608,740
35.3%
Assets/Debt
Total Assets $52,180,143
Total Liabilities $5,270,134
Net Assets $46,910,009
Compensation
Key Employees and Officers Compensation Related Other
Brigid Lang (Executive Dir.) $158,116 $0 $8,600
Sid Ross (Senior Director) $149,820 $0 $8,600
Shari Krull (Executive Dir.) $144,615 $0 $0
Ernest Schaal (Former Comptroller) $120,000 $0 $0
Jessica James (Dev. Direct.) $105,829 $0 $8,600
Patrick Grace (Chair) $0 $0 $0
Patricia Montgomerie (President) $0 $0 $0
William Grace (Director) $0 $0 $0
Father Patrick Devine (Director) $0 $0 $0
Michael Wandera (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 12, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,803,207
Expenses
$4,640,974
Net Income
$21,162,233
Net Assets
$52,061,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,104,883
4.3%
Program Services $16,290
0.1%
Investment Income $611,091
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $24,070,732
93.3%
Net Inventory Sales $0
Other Revenue $211
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $429,999
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,872,281
40.3%
Assets/Debt
Total Assets $56,415,739
Total Liabilities $4,354,389
Net Assets $52,061,350
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shari Krull (Executive Dir.) $174,999 $0 $0
Sid Ross (Senior Director) $149,856 $0 $7,210
Jolene Handy (Senior Director) $123,760 $0 $7,210
Ernest Schaal (Comptroller) $110,602 $0 $0
Alex Echegaray (Facility Mgr.) $105,114 $0 $7,210
Brigid Lang (Snr Dir Finance) $66,459 $0 $7,210
Patrick Grace (Chair) $0 $0 $0
Patricia Montgomerie (President) $0 $0 $0
Terry Grace Sears (Asst. Sec.) $0 $0 $0
Christine Anderson (Director) $0 $0 $0
Elise Corey (Director) $0 $0 $0
Bethany Mendies (Director) $0 $0 $0
Howard Grace (Director) $0 $0 $0
J Peter Grace (Director) $0 $0 $0
Christine Merkle (Director) $0 $0 $0
Michael Wandera (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,948,123
Expenses
$3,948,935
Net Income
-$1,000,812
Net Assets
$30,222,410
Notable Sources of Revenue Percent of Total Revenue
Contributions $692,204
23.5%
Program Services $30,058
1.0%
Investment Income $627,254
21.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,477,030
50.1%
Net Inventory Sales $0
Other Revenue $121,577
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $180,578
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,765,277
44.7%
Assets/Debt
Total Assets $43,827,649
Total Liabilities $13,605,239
Net Assets $30,222,410
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Shari Krull (Executive Dir.) $168,654 $0 $0
Sid Ross (Senior Director) $143,111 $0 $7,000
Jolene Handy (Senior Director) $119,192 $0 $7,000
Ernest Schaal (Comptroller) $118,873 $0 $0
Patrick Grace (Chair) $0 $0 $0
Patricia Montgomerie (President) $0 $0 $0
Terry Grace Sears (Secretary) $0 $0 $0
Christine Anderson (Director) $0 $0 $0
Elise Corey (Director) $0 $0 $0
Janet Fiorenza (Director) $0 $0 $0
Howard Grace (Director) $0 $0 $0
J Peter Grace (Director) $0 $0 $0
Fran Green (Director) $0 $0 $0
Christine Merkle (Director) $0 $0 $0
Ellen Sabin (Director) $0 $0 $0
Jeri Sedlar (Director) $0 $0 $0
Michael Wandera (Director) $0 $0 $0
Brigid Lang (Dir. Of Finance) $0 $0 $0
+ View more people

Document Links

990
Filed on May 6, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,928,330
Expenses
$3,289,212
Net Income
-$1,360,882
Net Assets
$28,857,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $630,849
32.7%
Program Services $502,958
26.1%
Investment Income $519,098
26.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $275,425
14.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,655,189
50.3%
Assets/Debt
Total Assets $29,802,268
Total Liabilities $944,706
Net Assets $28,857,562

Document Links

990
Filed on March 19, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,316,440
Expenses
$3,317,451
Net Income
-$1,001,011
Net Assets
$28,267,496
Notable Sources of Revenue Percent of Total Revenue
Contributions $609,631
26.3%
Program Services $585,607
25.3%
Investment Income $607,422
26.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $513,780
22.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $94,029
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,249,654
37.7%
Assets/Debt
Total Assets $29,498,952
Total Liabilities $1,231,456
Net Assets $28,267,496

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,471,465
Expenses
$2,813,358
Net Income
-$341,893
Net Assets
$29,843,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $350,703
14.2%
Program Services $581,305
23.5%
Investment Income $678,103
27.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $861,354
34.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $191,674
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,157,510
41.1%
Assets/Debt
Total Assets $31,003,502
Total Liabilities $1,159,986
Net Assets $29,843,516

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated