Saving Grace Academy
Nonprofit profile at a glance
- EIN
- 823171948
- IRS 990 coverage
- 2022–2022
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2022, Form 990-EZ 2021, Form 990-N 2020
- Location
- Reno, NV, USA
- Phone
- 7753761673
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $221,158
- Expenses
- $166,900
- Assets
- $56,784
- Liabilities
- $1,394
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Sue Wolcott-Whitten (Executive Director)
- Lauren Johnson (President)
Highest reported compensation
- Sue Wolcott-Whitten (Executive Director): $45,803 total reported compensation
- Cynthia Hernandez (Teacher): $31,986 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of this organization is to provide affordable to no-cost child care/learning for pre-k children. We strive to give young minds a head start in education to enable them to begin their education career already knowing a lot of what is taught in Kindergarten. We focus on the higher risk/ low income families.
What it reported doing in 2022
The past year Saving Grace has graduated to Kindergarten 4 children. These children entered Kindergarten reading and knowing basic arithmetic. The children are taught social skills on using words instead of body to convey their feelings. Saving Grace Academy is a religious based preschool. This program has continued providing services to families who otherwise would not be able to afford proper care for their children while they work
Operating model
- Revenue model
- Grant-funded. 74% of the money available for current operations came from government grants.
- 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
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.5%; rating input score 75
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 24.5%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 46.6%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 94.5% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 147.6% per year; rating input score 100; 100th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 75.5% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $167K in reported program spending
- Leadership: top reported pay $46K · 5 people listed
- Consistency: 41 of 41 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 4 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.