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Nonprofit · EIN 32-0095007

GRACE ASSOCIATION OF SCHOOLS INC

Also known as FAMILIES OF FAITH CHRISTIAN ACADEMY

Tax-exempt (reinstated) · CHANNAHON, IL 60410

Financials

$2.4M$2.6M2023$1.8M$1.9M2024
Revenue Expenses · by fiscal year end
Financials of GRACE ASSOCIATION OF SCHOOLS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$1,806,205$1,867,295-$61,090$751,932$417,460$334,472
July 31, 2024990$2,411,874$2,552,729-$140,855$1,252,033$856,471$395,562
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$196,381
Program service revenue
$1,598,026
Investment income
$0
Other revenue
$11,798

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,142,483
Other salaries and wages
$116,668
Salaries, compensation and benefits (total)
$1,349,866
Professional fundraising fees
$0
Legal fees
$91,799
Accounting fees
$7,125
Program services (functional)
$159,184
Management and general (functional)
$1,638,393
Fundraising (functional)
$69,718

Balance sheet and other

Total assets, start of year
$1,252,033
Total assets, end of year
$751,932
Total liabilities, end of year
$417,460
Net assets, end of year
$334,472
Land, buildings and equipment
$589,944
Gross receipts
$1,806,205
Employees
108
Volunteers
50
Year formed
2007
State of legal domicile
IL

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 for the year ended July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
RANDY BLANPRESIDENT
Officer
40$0
KAREN BLANVICE PRESIDENT
Officer
40$0
ELIANA ACOSTATREASURER
Officer
25$0
AL CRESPOADMINISTRATOR
Trustee or director
40$0
RACHAL AYERSSCHOOL PRINCIPAL
Trustee or director
40$0
990 for the year ended July 31, 2024: 5 people
NameTitleHours / weekCompensation
RANDY BLANPRESIDENT
Officer
40$0
KAREN BLANSECRETARY
Officer
40$0
MIREYA MARTINTREASURER
Officer
25$0
AL CRESPOADMINISTRATOR
Trustee or director
40$0
RACHAL AYERSSCHOOL PRINCIPAL
Trustee or director
40$0

Address and contacts

Address (IRS master file)
24466 W EAMES ST, CHANNAHON, IL 60410-5174
In care of
% FAMILES OF FAITH CHRISTIAN ACADE
Principal officer (990 for 2024)
RANDY BLAN, PO BOX 277, CHANNAHON, IL 60410
Signed the 990
RANDY BLAN, PRESIDENT
Phone
(815) 521-1381
Return prepared by
AAA TAX SOLUTIONS INC

Mission

To operate a Christian School to work with parents to create a Family of Faith and to educate their children from a Christian worldview

990 for the year ended July 31, 2025

Program accomplishments

  • Expense/Income
    Expenses $8,145 · revenue $99,848
  • Sport Expenses/Income
    Expenses $38,723 · revenue $1,326,394
  • Office Expense and Misc Expense/Misc Income
    Expenses $27,361 · revenue $171,784

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
32-0095007
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
July
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$751,932
Income (IRS master file)
$1,806,205

Revocation and reinstatement

Exemption revoked
December 15, 2010
Posted by the IRS
October 29, 2013
Reinstated
Effective February 15, 2013

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$1,806,205$1,867,295$751,932IRS
990July 2024$2,411,874$2,552,729$1,252,033XML
990July 2023$2,532,168$2,707,189$1,711,960IRS
990July 2022$1,552,323$1,330,575$951,219IRS
990July 2021–––IRS
990July 2020–––IRS
990July 2019–––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 32-0095007).

Questions about GRACE ASSOCIATION OF SCHOOLS INC

What is the EIN of GRACE ASSOCIATION OF SCHOOLS INC?
The employer identification number (EIN) of GRACE ASSOCIATION OF SCHOOLS INC is 32-0095007.
Is GRACE ASSOCIATION OF SCHOOLS INC tax-exempt?
Yes. The IRS revoked its exemption on December 15, 2010 and reinstated it effective February 15, 2013.
Are donations to GRACE ASSOCIATION OF SCHOOLS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRACE ASSOCIATION OF SCHOOLS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GRACE ASSOCIATION OF SCHOOLS INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRACE ASSOCIATION OF SCHOOLS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who is the principal officer of GRACE ASSOCIATION OF SCHOOLS INC?
The 990 for the year ended July 31, 2025 names RANDY BLAN.
Who are the officers and directors of GRACE ASSOCIATION OF SCHOOLS INC?
The 990 for the year ended July 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does GRACE ASSOCIATION OF SCHOOLS INC have?
On its 990 for the year ended July 31, 2025 it reported revenue of $1,806,205, expenses of $1,867,295 and total assets of $751,932 at year end.

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