Grace Project Inc
Nonprofit profile at a glance
- EIN
- 204100818
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Union, NJ, USA
- Phone
- 9739081537
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $100,213
- Expenses
- $73,205
- Assets
- $64,611
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JOSEPH MATARA (EXECUTIVE DIRECTOR)
- KAREN WRIGHT (PRESIDENT)
People named in this filing
- JOSEPH MATARA (EXECUTIVE DIRECTOR)
- MICHAEL PINTABONE (TREASURER)
- LILIAN MATARA (TRUSTEE)
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
The grace project inspires financial independence for kenyan families through education, health care, and vocational agricultural training.
What it reported doing in 2024
The GRACE Academic Center is a co-ed day school with about 150 students and is a government registered school with 100% certified teachers. The school provides a high quality education, nutritious meals, and basic health care to local disadvantaged children in Kisii, Kenya. The school has achieved a 100% passing level on the high school entrance exam and repeatedly scores among the top schools in the county. The school has implemented STEM programs and collaborates on reading programs with other schools in the U.S. and in Kenya. The GRACE Health & Nutrition Center through an on-staff certified nurse practitioner, focuses on preventative care, nutrition education, life-skills, and sexual and reproductive health programs for students and the local community. The Health & Nutrition Center is still in early phases of development. We hope to one day, through partnership or independently, provide visiting doctors and dentists once per month for both the students and the local community. The
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.7%; rating input score 72
- Program expense ratio: 98.2%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 27%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9.4% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 12.3% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 22.6% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 71.7% of revenue deployed · 98.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.