Nonprofit · EIN 74-2873246
GRACE ACADEMY
Tax-exempt · GEORGETOWN, TX 78633
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,547,950 | $4,199,032 | $348,918 | $8,815,602 | $3,146,888 | $5,668,714 |
| June 30, 2024 | 990 | $4,371,026 | $3,479,626 | $891,400 | $9,723,889 | $4,637,364 | $5,086,525 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $519,630
- Program service revenue
- $3,866,606
- Investment income
- $103,667
- Other revenue
- $58,047
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $193,496
- Other salaries and wages
- $2,347,669
- Salaries, compensation and benefits (total)
- $3,011,124
- Professional fundraising fees
- $0
- Accounting fees
- $4,797
- Occupancy
- $92,103
- Depreciation
- $176,814
- Program services (functional)
- $3,495,716
- Management and general (functional)
- $571,612
- Fundraising (functional)
- $131,704
Balance sheet and other
- Total assets, start of year
- $9,723,889
- Total assets, end of year
- $8,815,602
- Total liabilities, end of year
- $3,146,888
- Net assets, end of year
- $5,668,714
- Land, buildings and equipment
- $7,253,120
- Net assets without donor restrictions
- $5,627,504
- Net assets with donor restrictions
- $41,210
- Gross receipts
- $4,595,212
- Employees
- 65
- Volunteers
- 150
- Year formed
- 1998
- State of legal domicile
- TX
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brent Stevens | Head of School Officer | 40 | $140,935 | $27,596 |
| Heather Burnside | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Colin McGahey | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Mark Geyer | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Jayme Bates | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Sean Sundberg | Director Trustee or director | 5 | $0 | $0 |
| Barrie Laing | Director Trustee or director | 5 | $0 | $0 |
| Doug Noble | Director Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BRENT STEVENS | HEAD OF SCHO Officer | 40 | $130,000 | $33,010 |
| DOUGLAS NOBLE | CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| HEATHER BURNSIDE | VICE CHAIR/S Trustee or director, Officer | 5 | $0 | $0 |
| JAYME BATES | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| BARRY LAING | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| COLIN MCGAHEY | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| DR MARK GEYER | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| PRISCILLA OBERLE | PAST SECRETA Trustee or director, Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 225 GRACE BLVD, GEORGETOWN, TX 78633-5628
- In care of
- % GARY L LOGAN
- Principal officer (990 for 2024)
- Brent Stevens, 225 Grace Blvd, Georgetown, TX 78633
- Signed the 990
- Heather Burnside, Chair
- Phone
- (512) 864-9500
- Website
- www.gracetx.org
- Return prepared by
- Dunagan Jack LLP
Mission
To glorify God by serving parents in providing their children a distinctly Christ-centered, academically excellent, classical education as a foundation for life-long learning.
Program accomplishments
- The School provided elementary and secondary education to grades K-12, including instruction, athletics, and extra-curricular activities. In the tradition of many classical schools, the School is organized into three academic stages called The Trivium. This organization of stages reflects the structure of our School itself. The Grammar School includes grades K-5, the Logic School grades 68, and the Rhetoric School grades 912. The Trivium is a time tested approach that takes advantage of the students natural tendencies at each stage of development and provides them with the necessary tools for learninga wealth of information (Grammar), the ability to think and reason (Logic) and the ability to communicate winsomely and effectively (Rhetoric). There were approximately 360 students enrolled for the 2024-2025 school year.Expenses $3,495,716 · revenue $3,866,606
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 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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2873246
- 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
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $8,815,602
- Income (IRS master file)
- $4,595,212
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,547,950 | $4,199,032 | $8,815,602 | IRS |
| 990 | June 2024 | $4,371,026 | $3,479,626 | $9,723,889 | XML |
| 990 | June 2023 | $4,130,730 | $3,057,285 | $8,293,938 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | 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 74-2873246).
Questions about GRACE ACADEMY
- What is the EIN of GRACE ACADEMY?
- The employer identification number (EIN) of GRACE ACADEMY is 74-2873246.
- Is GRACE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GRACE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRACE ACADEMY 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 ACADEMY 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 ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GRACE ACADEMY?
- The 990 for the year ended June 30, 2025 names Brent Stevens.
- Who are the officers and directors of GRACE ACADEMY?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $140,935 (Brent Stevens, Head of School).
- How much revenue does GRACE ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,547,950, expenses of $4,199,032 and total assets of $8,815,602 at year end.
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