Grace Initiative Global
Nonprofit profile at a glance
- EIN
- 811195310
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
- Location
- Dorset, VT, USA
- Phone
- 8024305135
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Promotion of International Understanding
Reported finances
- Revenue
- $190,785
- Expenses
- $276,918
- Assets
- $18,625
- Liabilities
- $18,625
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- Yvonne Lodico (Director): $32,001 total reported compensation
- Melissa Jarvis (Case Management): $4,704 total reported compensation
- Rabika Arshad (Assistant): $2,008 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Grace Initiative Global's humanitarian resettlement aims to bring about Economic Self-Sufficiency for people who have entered legally into the US, through a Matching Grant program. The aim of the program is to help these entrants gain economic self-sufficiency without accessing government cash assistance or government housing, through a 240-day program. To guide legal entrants to economic self-sufficiency, without dependency on government cash assistance, Grace Initiative provides tailored: Mentoring in Life Skills English Language Learning Employment Placement Education and Training Trauma Care and Wellness
What it reported doing in 2024
Grace Initiative Global's humanitarian resettlement program uses a 240-day Matching Grant model to help legally admitted newcomers achieve economic self-sufficiency without relying on government cash assistance or housing, offering individualized mentoring in life skills, English language instruction, employment placement, education and training, and trauma-informed wellness support.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 81
- Accountability: 63
- Sustainability: 8
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -45.1%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 14.7%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 26.4% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: -107% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $277K in reported program spending
- Leadership: top reported pay $32K · 4 people listed
- Consistency: 23 of 25 current checks pass · 2 findings to review
- Schedules: 3 filed schedules · includes grants
- Contacts: How to reach this organization
- Money network: 2 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 — Accountability: Governance controls: 6 of 7 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- High — Sustainability: Officer compensation ratio scored 24/100.