Grace Education & Business Community Center

Nonprofit profile at a glance

EIN
474073406
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2019
Location
Fort Pierce, FL, USA
Phone
7725790251
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$140,492
Expenses
$115,373
Assets
$79,663

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • RANDY TOOMBS (Vice President)
  • ANTHONY THOMPSON (President)

People named in this filing

  • JOANN THOMPSON (Director)
  • RANDY TOOMBS (Vice President)
  • ELLA WIMES (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our Mission is to provide quality tutoring and educational services to bridge the gap of mastery in Reading Comprehension and Mathematics skills for our students in a blended learning environment. Our blended learning environment also allows our students to repetitively practice the core academics and computer skills needed to promote success on State assessments.

What it reported doing in 2024

Our Mission is to provide quality tutoring to bridge the gap of mastery in Reading Comprehension and Mathematics skills for our students in a blended learning environment. Our blended learning environment also allows our students to repetitively practice the core academics and computer skills needed to promote success on State assessments.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.1%; rating input score 82
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 17.9%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -10% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -3.4% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 82.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $115K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.