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Nonprofit · EIN 92-3947896

KIDS OF GRACE ACADEMY

Tax-exempt · CANBY, OR 97013

Financials

$654K$333K2023$294K$607K2024
Revenue Expenses · by fiscal year end
Financials of KIDS OF GRACE ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$294,048$607,107-$313,059$16,675$8,563$8,112
December 31, 2023990$653,896$332,725$321,171$348,121$26,950$321,171
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,505
Membership dues
$690
Program service revenue
$291,192
Investment income
$409
Net income from fundraising events
$942
Other revenue
$942

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$106,667
Other salaries and wages
$167,219
Salaries, compensation and benefits (total)
$302,012
Professional fundraising fees
$0
Legal fees
$1,623
Accounting fees
$4,785
Occupancy
$133,836
Depreciation
$1,700
Program services (functional)
$60,097
Management and general (functional)
$547,010

Balance sheet and other

Total assets, start of year
$348,121
Total assets, end of year
$16,675
Total liabilities, end of year
$8,563
Net assets, end of year
$8,112
Land, buildings and equipment
$5,950
Net assets without donor restrictions
$8,112
Gross receipts
$294,088
Employees
23
Volunteers
2
State of legal domicile
OR

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
NATHANIEL DECOSTEPresident/Treas
Trustee or director, Officer
60$106,667
HEIDI DECOSTESecretary
Trustee or director, Officer
20$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
NATHANIEL DECOSTEPresident/Treas
Trustee or director, Officer
60$53,333
HEIDI DECOSTESecretary
Trustee or director, Officer
20$0

Address and contacts

Address (IRS master file)
1312 SE 14TH AVE, CANBY, OR 97013-6341
Signed the 990
NATHANIEL DECOSTE, PRESIDENT/TREASURER
Phone
(503) 621-8540
Return prepared by
WILCOX ARREDONDO & CO

Mission

OUR MISSION IS TO EQUIP THE CHURCH AND BUILD THE FAMILY ON A FOUNDATION OF THE BIBLE.

990 for the year ended December 31, 2024

Program accomplishments

  • SPORTS: THE SPORTS LEAGUE IS AN INTERMURAL, 8 WEEK LEAGUE THAT OFFERS SOCCER, FLAG-FOOTBALL, BASKETBALL, BASEBALL, AND SOFTBALL.
    Expenses $38,546 · revenue $100,647
  • HYBRID CLASSES: THE ACADEMY OFFERS CORE SUBJECTS THAT WERE DESIGNED TO SUPPLEMENT HOMESCHOOLING EDUCATION. THE CLASSES INCLUDED: MATH (5TH GRADE-ALGEBRA 2), WRITING, LOGIC. ALSO, ENRICHING A LA CARTE ELECTIVES ARE OFFERED THROUGHOUT THE WEEK. THESE INCLUDE: ART, THEATRE, CHOIR, DESIGN, FITNESS, AND BAKING.
    Expenses $20,354 · revenue $184,494
  • HOMESCHOOL CO-OP (TUESDAY AND WEDNESDAY): THE EVERGREEN CO-OP IS A 3.50 HOUR VOLUNTEER BASED HOMESCHOOL CO-OP. IT SUPPLEMENTED A HOMESCHOOL FAMILIES' SCHEDULE WITH A WEEKLY, 3-HOUR CLASSROOM EXPERIENCE.
    Expenses $1,197 · revenue $6,051

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-3947896
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$16,675
Income (IRS master file)
$294,088

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$294,048$607,107$16,675XML
990December 2023$653,896$332,725$348,121XML

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 92-3947896).

Questions about KIDS OF GRACE ACADEMY

What is the EIN of KIDS OF GRACE ACADEMY?
The employer identification number (EIN) of KIDS OF GRACE ACADEMY is 92-3947896.
Is KIDS OF GRACE ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to KIDS OF GRACE ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KIDS OF 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 KIDS OF GRACE ACADEMY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KIDS OF GRACE ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of KIDS OF GRACE ACADEMY?
The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $106,667 (NATHANIEL DECOSTE, President/Treas).
How much revenue does KIDS OF GRACE ACADEMY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $294,048, expenses of $607,107 and total assets of $16,675 at year end.

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