Nonprofit · EIN 23-7294779
GRACE FOUNDATION
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $56,267 | $72,774 | -$16,507 | $749,430 | $0 | $749,430 |
| June 30, 2024 | 990-PF | $132,707 | $67,404 | $65,303 | $765,937 | $0 | $765,937 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $20,107
- Interest
- $12,951
- Net gain from sales of assets
- $23,209
Expenses
- Grants and similar amounts paid
- $54,700
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $985
- Disbursements for charitable purposes
- $55,711
- Excise tax on investment income
- $777
Balance sheet and other
- Total assets, start of year
- $765,937
- Total assets, end of year
- $749,430
- Total liabilities, end of year
- $0
- Net assets, end of year
- $749,430
- Fair market value of assets
- $1,296,640
- Qualifying distributions
- $55,711
- Net investment income
- $56,267
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINA CHAN 250 WINCHESTER ST APT 2, BROOKLINE, MA 02446 | TRUSTEE | 1 | $0 |
| ABIGAIL HAWKINS 2951 GREENWILLOW DR NE, ATLANTA, GA 30345 | TRUSTEE | 1 | $0 |
| LIS YEUN 2959 GREENWILLOW DR NE, ATLANTA, GA 30345 | TRUSTEE | 1 | $0 |
| MING CHAN 8903 FALLS FARM DR, POTOMAC, MD 20854 | TRUSTEE | 1 | $0 |
| DANNY CHAN 130 DORCHESTER WAY, SAN FRANCISCO, CA 94127 | TRUSTEE | 1 | $0 |
| GEORGE CHAN 530 S LINCOLN LN, ARLINGTON HEIGHTS, IL 60005 | CHAIRMAN/TREASURER | 3 | $0 |
| TREY HAWKINS 2951 GREENWILLOW DR NE, ATLANTA, GA 30345 | SECRETARY | 1 | $0 |
990-PF for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTINA CHAN 250 WINCHESTER ST APT 2, BROOKLINE, MA 02446 | TRUSTEE | 1 | $0 |
| ABIGAIL HAWKINS 2951 GREENWILLOW DR NE, ATLANTA, GA 30345 | TRUSTEE | 1 | $0 |
| LIS YEUN 2959 GREENWILLOW DR NE, ATLANTA, GA 30345 | TRUSTEE | 1 | $0 |
| MING CHAN 8903 FALLS FARM DR, POTOMAC, MD 20854 | TRUSTEE | 1 | $0 |
| DANNY CHAN 130 DORCHESTER WAY, SAN FRANCISCO, CA 94127 | TRUSTEE | 1 | $0 |
| WILLIAM E BLODGETT 103 YAUPON LANE, GEORGETOWN, TX 78633 | TREASURER | 3 | $0 |
| GEORGE CHAN 530 S LINCOLN LN, ARLINGTON HEIGHTS, IL 60005 | CHAIRMAN | 1 | $0 |
| TREY HAWKINS 2951 GREENWILLOW DR NE, ATLANTA, GA 30345 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 846, AMES, IA 50010-0846
- Signed the 990-PF
- GEORGE CHAN, TREASURER
- Phone
- (515) 663-3036
- Return prepared by
- UHY ADVISORS MIDWEST INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7294779
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1978
- Accounting year ends
- June
- Files
- Form 990-PF
- Assets (IRS master file)
- $749,430
- Income (IRS master file)
- $117,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $56,267 | $72,774 | $749,430 | IRS |
| 990-PF | June 2024 | $132,707 | $67,404 | $765,937 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7294779).
Questions about GRACE FOUNDATION
- What is the EIN of GRACE FOUNDATION?
- The employer identification number (EIN) of GRACE FOUNDATION is 23-7294779.
- Is GRACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to GRACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRACE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRACE FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of GRACE FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does GRACE FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $56,267, expenses of $72,774 and total assets of $749,430 at year end.
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