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GRACE ACADEMY

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Public IRS 990 nonprofit record

GRACE ACADEMY

EIN 27-1673012 · Elementary & Secondary Schools (B20)

What they do

GRACE ACADEMY is AN INDEPENDENT, INTERFAITH, TUITION-FREE MIDDLE SCHOOL WHERE GIRLS REACH THEIR FULLEST POTENTIAL THROUGH EQUITABLE ACCESS to A NURTURING LEARNING ENVIRONMENT. WE CULTIVATE CONFIDENT LEARNERS WHO ASPIRE to MAKE MEANINGFUL CONTRIBUTIONS to THEIR COMMUNITY, SUPPORTING THEM THROUGH HIGH SCHOOL, COLLEGE, and BEYOND.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $74.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

48.23%of revenue went to mission work74.1% of expenses · Program services
7.66%of revenue went to fundraising11.8% of expenses
$65.07spent for every $100 of revenueRevenue covered expenses this year.
9.18%of revenue went to management and office costs14.1% of expenses
$4.36in assets for every $1 spent this yearSome assets cannot be spent right away.
79.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $142,731 for PRINCESS HYATT (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,268,586
Mission workProgram services$1,094,20648.23% of revenue74.1% of expenses
ManagementOffice and general costs$208,3339.18% of revenue14.1% of expenses
FundraisingAsking for donations$173,7347.66% of revenue11.8% of expenses
Revenue left after expensesReported annual surplus$792,31334.93% of revenueShown in gray on the chart
Total expenses$1,476,27365.07% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 74.1% mission · 14.1% management · 11.8% fundraisingTotal expenses: 65.07% of revenue
2023Expense mix: 78.3% mission · 13.8% management · 7.9% fundraisingTotal expenses: 90.17% of revenue
2022Expense mix: 78.3% mission · 13.7% management · 8.0% fundraisingTotal expenses: 99.72% of revenue
2021Expense mix: 78.8% mission · 14.0% management · 7.2% fundraisingTotal expenses: 68.56% of revenue
2020Expense mix: 81.8% mission · 11.9% management · 6.3% fundraisingTotal expenses: 49.48% of revenue
2019Expense mix: 80.2% mission · 11.6% management · 8.1% fundraisingTotal expenses: 45.13% of revenue
2018Expense mix: 84.4% mission · 8.4% management · 7.2% fundraisingTotal expenses: 92.61% of revenue
2017Expense mix: 83.6% mission · 9.2% management · 7.2% fundraisingTotal expenses: 98.98% of revenue

Money in and money out

Revenue$2,268,586
Expenses$1,476,273
Annual surplus $792,313 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,094,206 · 74.1% of expenses
Management and office costs$208,333 · 14.1% of expenses
Fundraising$173,734 · 11.8% of expenses
See all reported dollar amounts
Revenue$2,268,586
Expenses$1,476,273
Assets$6,431,245
Income$2,715,924
Contributions$1,806,624
Mission work (program services)$1,094,206
Fundraising$173,734
Management and general$208,333
Stocks and bonds$4,875,881
Accounting fees$14,025
Investing fees$23,152
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PRINCESS HYATTEXECUTIVE DIRECTOR · 60 hrs/week $142,731Base $130,000 · Other $12,731
LINDSEY MCPHEECURRICULUM SPECIALIST & CO-FOUNDER · 30 hrs/week $24,673

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

PRINCESS HYATTEXECUTIVE DIRECTOR

LINDSEY MCPHEECURRICULUM SPECIALIST & CO-FOUNDER

MARCO CARDUCCIBOARD MEMBER

YVETTE HIGHSMITH-FRANCISCHAIR

THOMAS SLINEYBOARD MEMBER

SUZANNE TAMBURROBOARD MEMBER

SR MARY ROSE CROWLEYBOARD MEMBER

SARAH LAHR FITZSIMONSBOARD MEMBER

SANDRA MARIN LAUTIERBOARD MEMBER

RACHEL TRESSYBOARD MEMBER

NICOLE CARMICHEAL-KEELBOARD MEMBER

NATALIE CORBETTBOARD MEMBER (UNTIL 9/12/24)

MICHAEL BERGINBOARD CHAIR EMERITUS

MELVETTE HILLBOARD MEMBER

MARJORIE MORRISSEYBOARD MEMBER

AURA ALVARADOBOARD MEMBER

MARCIA HERRERABOARD MEMBER

LORI GROTHBOARD MEMBER

LAKESHA RIVERABOARD MEMBER

KATHLEEN BROMAGETREASURER

KAREN JARMOCVICE CHAIR

KARA MITCHELLBOARD MEMBER

JOHN CHARETTEBOARD MEMBER

JENNIFER CENTRONEBOARD MEMBER

JANEL SIMPSONBOARD MEMBER

HILLARY ROCKWELL CAHNSECRETARY

CHRISTINE JEAN-LOUISBOARD MEMBER (UNTIL 6/18/24)

About this charity

Recognized since
January 2010
Location
457 MAIN ST, HARTFORD, CT 06103-3006
County
Hartford
In care of
KATHLEEN BROMAGE
Primary officer
KATHLEEN BROMAGE, TREASURER

How to reach them

WebsiteVisit the charity’s website EmailReachUs@GraceAcademyHartford.org Phone(860) 263-7535

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN
NTEE classification
Elementary & Secondary Schools (B20)
IRS tax category
Elementary & Secondary Schools

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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