The Grace Law Trust

Chicago, IL
Tax-exempt since Oct. 1994
EIN: 61-6125331

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$57.6k (2024)

Expenses

$69.4k (2024)

Total Assets

$797k (2024)

Total Liabilities

$0 (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$57,554

Expenses

$69,444

Net Income

-$11,890

Net Assets

$796,789

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$38,412	66.7%
Sales of Assets	$19,142	33.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,894	79.0%
Compensation of Officers*	$19,480	28.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$796,789
Total Liabilities	$0
Net Assets	$796,789

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$19,480	$0

990-PF

Filed on May 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$69,913

Expenses

$67,599

Net Income

$2,314

Net Assets

$810,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$28,384	40.6%
Sales of Assets	$41,130	58.8%
Other Income	$399	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,794	82.5%
Compensation of Officers*	$17,145	25.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$810,050
Total Liabilities	$0
Net Assets	$810,050

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$17,145	$0

990-PF

Filed on April 22, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$23,559

Expenses

$74,046

Net Income

-$50,487

Net Assets

$807,617

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$27,886	> 100%
Sales of Assets	-$4,327
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,777	82.1%
Compensation of Officers*	$17,847	24.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$807,617
Total Liabilities	$0
Net Assets	$807,617

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$17,847	$0

990-PF

Filed on May 1, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$73,083

Expenses

$66,569

Net Income

$6,514

Net Assets

$858,154

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$37,041	50.7%
Sales of Assets	$36,042	49.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,650	79.1%
Compensation of Officers*	$19,452	29.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$858,154
Total Liabilities	$0
Net Assets	$858,154

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$19,452	$0

990-PF

Filed on April 25, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$57,536

Expenses

$63,393

Net Income

-$5,857

Net Assets

$851,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,326	40.5%
Sales of Assets	$34,210	59.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,618	81.4%
Compensation of Officers*	$16,438	25.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$851,629
Total Liabilities	$1
Net Assets	$851,628

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$16,438	$0

990-PF

Filed on April 27, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$65,752

Expenses

$64,848

Net Income

$904

Net Assets

$857,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,186	39.8%
Sales of Assets	$39,566	60.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,252	82.1%
Compensation of Officers*	$16,315	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$857,594
Total Liabilities	$1
Net Assets	$857,593

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase (Trustee)	$16,315	$0

990-PF

Filed on June 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$59,572

Expenses

$57,509

Net Income

$2,063

Net Assets

$856,700

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$23,942	40.2%
Sales of Assets	$35,630	59.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,112	83.7%
Compensation of Officers*	$12,920	22.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$856,700
Total Liabilities	$0
Net Assets	$856,700

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase (Trustee)	$12,920	$0

990-PF

Filed on May 6, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$68,385

Expenses

$58,341

Net Income

$10,044

Net Assets

$854,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,356	31.2%
Sales of Assets	$44,980	65.8%
Other Income	$2,049	3.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,112	87.6%
Compensation of Officers*	$10,969	18.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$854,585
Total Liabilities	$0
Net Assets	$854,585

Compensation

Key Employees and Officers	Compensation	Other
Jp Morgan Chase Bank Na (Trustee)	$10,969	$0

990-PF

Filed on May 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$26,402

Expenses

$50,881

Net Income

-$24,479

Net Assets

$885,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,089	79.9%
Sales of Assets	$5,678	21.5%
Other Income	-$365

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,249	83.0%
Compensation of Officers*	$10,880	21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$885,026
Total Liabilities	$0
Net Assets	$885,026

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$78,657

Expenses

$44,712

Net Income

$33,945

Net Assets

$909,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,115	33.2%
Sales of Assets	$52,770	67.1%
Other Income	-$228

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,471	86.0%
Compensation of Officers*	$5,290	11.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$909,513
Total Liabilities	$0
Net Assets	$909,513

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$65,216

Expenses

$40,394

Net Income

$24,822

Net Assets

$875,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,100	26.2%
Sales of Assets	$48,236	74.0%
Other Income	-$120

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,009	91.6%
Compensation of Officers*	$3,845	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$875,986
Total Liabilities	$0
Net Assets	$875,986

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$44,815

Expenses

$41,370

Net Income

$3,445

Net Assets

$852,583

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,889	39.9%
Sales of Assets	$27,867	62.2%
Other Income	-$941

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,072	84.8%
Compensation of Officers*	$3,432	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$852,583
Total Liabilities	$0
Net Assets	$852,583

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$100,144

Expenses

$40,952

Net Income

$59,192

Net Assets

$849,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,301	18.3%
Sales of Assets	$81,843	81.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,552	86.8%
Compensation of Officers*	$3,705	9.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$849,074
Total Liabilities	$1
Net Assets	$849,073

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

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The Grace Law Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $57.6k (2024)

Expenses $69.4k (2024)

Total Assets $797k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$57.6k (2024)

Expenses

$69.4k (2024)

Total Assets

$797k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

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2001