Grace Church School
Nonprofit profile at a glance
- EIN
- 113752853
- IRS 990 coverage
- 2012–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New York, NY, USA
- Phone
- 212-475-5609 (main); 212-475-5610; 212-475-0435
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
- Affiliation
- Christianity
Reported finances
- Revenue
- $62,693,023
- Expenses
- $64,601,992
- Assets
- $190,596,319
- Liabilities
- $163,318,798
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
36 people listed
Highest reported compensation
- ROBERT PENNOYER (HEAD OF SCHOOL): $739,178 total reported compensation
- SUSAN AUSTIN (CHIEF FINANCIAL OFFICER): $342,611 total reported compensation
- MELANIE WHITE (DIRECTOR OF COLLEGE GUIDANCE): $312,243 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Grace Way emerges from bedrock commitments of the school. Our Episcopal identity calls us to recognize the inherent and precious value of every individual. It makes us strive to provide an education worthy of that shared humanity, which includes our human fallibility and limitations. It leads us to prize critical thinking, intellectual humility, and the importance of encountering a myriad of views with respect for the dignity of those who hold them. Our mission is to provide an outstanding education, one fueled by pleasure in learning and distinguished by the confident mastery of academic skills and the development of an active ethical consciousness. That mission depends upon our student.
What it reported doing in 2024
Grace church school seeks students who are able to thrive in our rigorous program, and the school offers financial assistance to support the socioeconomic diversity that enhances the academic and ethical ambitions of its mission. Our curriculum, grounded in tradition and open to innovation, helps students build a strong foundation of knowledge, a command of words and numbers, and a sense of purpose in their pursuits as scholars, artists, athletes, and citizens. Our students are thoroughly prepared in science, english, mathematics, foreign languages, performing and studio arts, history, technology, and physical education.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 70
- Accountability: 93
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.8%; rating input score 93
- Program expense ratio: 89.9%; rating input score 90
- Fundraising efficiency: $3.21 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.4%; rating input score 96; 51st percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 2.95; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 4.7%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 62nd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 92.8% of revenue deployed · 89.9% of spending went to programs
- Governance: 27 of 28 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $58.1M in reported program spending
- Leadership: top reported pay $739K · 36 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $475K reported
- Consistency: 38 of 38 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 19/100.