EIN 41-1448611

Grace Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Albert Lea
Year formed
1982
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Grace Foundation of Albert Lea supports church and ministry by paying for various programs, youth-related expenses, and capital improvements with Foundation funds. Additionally, the Foundation grants money to college students who are church members or children of church members to offset education costs. In 2022, two scholarships were awarded to recipients.
Also known as...
Grace Foundation of Albert Lea
Total revenues
$38,300
2023
Total expenses
$41,532
2023
Total assets
$1,601,286
2023
Num. employees
0
2023

Program areas at Grace Foundation

We are a small organization that provides grants to church members who are college students and also to the church for support of its programs and facilities. Church and other organizations apply to Foundation to ask for funds for various projects or purchases. Depending on situation these requests can be either a request or reimburesement (after expenses or purchases have been paid or made) or a request for upcoming expenses or purchases. Application includes a breakdown budget of items they are requesting or quotes used in accordance with the organization request and foundations approval.

Personnel at Grace Foundation

NameTitleCompensation
Marsha SmithTreasurer
Karen HendricksonVice Chair$0
Dale BuendorfSecretary$0
Steve SchulzPast Board Treasurer$0
Bruce OlsonChair$0
...and 7 more key personnel

Financials for Grace Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$12,101
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$26,080
Net gain from sale of non-inventory assets$119
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$38,300

Form 990s for Grace Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-23990View PDF
2022-122023-04-11990View PDF
2021-122022-06-08990View PDF
2020-122021-09-09990View PDF
2019-122020-10-09990View PDF
...and 9 more Form 990s
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 2 new personnel
May 8, 2023
Updated personnel
Identified 1 new personnel
April 14, 2022
Updated personnel
Identified 2 new personnel
April 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsCharities
Issues
EducationReligion
Characteristics
ReligiousChristianConservation easementState / local levelTax deductible donationsNo full-time employees
General information
Address
918 Garfield Ave
Albert Lea, MN 56007
County
Freeborn County, MN
Phone
(507) 373-6496
IRS details
EIN
41-1448611
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
X20: Christian
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
Free account sign-up

Want updates when Grace Foundation has new information, or want to find more organizations like Grace Foundation?

Create free Cause IQ account