Grace House in Kernersville, North Carolina (NC)
Table of contents:
| Grace House | |
| Employer Identification Number (EIN) | 352166261 |
| Name of Organization | Grace House |
| In Care of Name | Jeffrey Hailing |
| Address | 360 Hopkins Rd, Kernersville, NC 27284-9373 |
| Subsection | Educational Organization |
| Ruling Date | 06/2014 |
| Deductibility | Contributions are deductible |
| Foundation | School |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $24,969 |
| Amount of Income | $136,473 |
| Form 990 Revenue Amount | $119,434 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Kindergarten, Preschool, Nursery School, Early Admissions |
Non-representatives - add comments:
Amount of income in 2013: $136,473
| This organization: | $136,473 |
| Other organizations performing similar types of work: | $223,883 |
Assets in 2013: $24,969
| This organization: | $24,969 |
| Other organizations performing similar types of work: | $52,124 |
Expenses in 2013: $126,772
| Grace House: | $126,772 |
| Other organizations performing similar types of work: | $227,146 |
Income to expenses ratio in 2013: 1.1
| Grace House: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| Grace House: | 0.0% |
| Other organizations performing similar types of work: | 2.7% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $119,434 |
| Contributions, gifts, grants, and similar amounts received | $0 |
| Program service revenue including government fees and contracts | $107,709 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $11,300 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $28,339 |
| Less: direct expenses from gaming and fundraising events | $17,039 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $425 |
| Total expenses | $126,772 |
| Total net assets | $24,969 |
| Excess/Deficit for the year | $-7,338 |
| Net assets or fund balances at beginning of year | $32,307 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $24,969 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $24,969 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,969 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | A school described in section 170(b)(1)(A)(ii) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | York Avenue Preschool And Kindergarten | 1520 York Avenue, New York, NY 10028-7008 | NY | 2001-02 | $2,737,345 |
| 2 | Charlotte Jewish Preschool Inc | 5007 Providence Rd Ste 109, Charlotte, NC 28226-5907 | NC | 2012-02 | $1,663,665 |
| 3 | Ruby Reid Child Development Center Inc | 222 Capcom Ave, Wake Forest, NC 27587-6509 | NC | 2004-01 | $849,308 |
| 4 | Charlotte Early Education Services Inc, Charlotte Child Development Center | 1235 E Blvd Ste 243, Charlotte, NC 28203-5870 | NC | 2015-01 | $534,552 |
| 5 | West Forsyth Christian Preschool | PO BOX 670, Lewisville, NC 27023-0670 | NC | 2009-04 | $417,845 |
| 6 | Leap Frog Academy Learning Center | 4065 Premier Dr, High Point, NC 27265-8143 | NC | 2010-06 | $264,566 |
| 7 | The Hillel School | 7410 Falls Of Neuse Rd, Raleigh, NC 27615-5315 | NC | 2014-09 | $226,056 |
| 8 | Christ Preschool | 369 Air Harbor Rd, Greensboro, NC 27455-9280 | NC | 2014-08 | $215,148 |
| 9 | Grace House | 360 Hopkins Rd, Kernersville, NC 27284-9373 | NC | 2014-06 | $136,473 |
| 10 | Durham Community Preschool | 304 E Trinity Ave, Durham, NC 27701-1947 | NC | 2011-09 | $126,868 |
| 11 | First Presbyterian Preschool Of Morehead City Nc Inc | 1604 Arendell St, Morehead City, NC 28557-4038 | NC | 2010-05 | $122,086 |
| 12 | Covenant Community School Inc | 317 S Chester St, Gastonia, NC 28052-3803 | NC | 2014-01 | $104,630 |
| 13 | Sharon United Methodist Church Weekday School Inc | 4411 Sharon Rd, Charlotte, NC 28211-3520 | NC | 2009-04 | $97,122 |
| 14 | Davidson Preschool Inc | 2791 West Center Street Ext Suite A, Lexington, NC 27295-5560 | NC | 2011-07 | $82,680 |
| 15 | Latino Educational Achievement Partnership | 1737 Hillandale Rd, Durham, NC 27705-3045 | NC | 2014-08 | $81,938 |
| 16 | Tutorial 1-2 Christian School | 3026 Wake Forest Highway, Durham, NC 27703 | NC | 2003-06 | $70,200 |
| 17 | Greensboro New School Incorporated | 1108 Portland Street, Greensboro, NC 27403 | NC | 2011-06 | $64,921 |
| 18 | Wee Care Childrens Enrichmentprogram Inc, Wee Care | PO BOX 30413, Raleigh, NC 27622-0413 | NC | 2007-09 | $58,483 |
| 19 | Abundant Life Child Care Center | 921 Carolina St E, Wilson, NC 27893-5413 | NC | 2006-10 | $0 |
| 20 | Academy Community Child Development | Po Box 37, Roduco, NC 27969 | NC | 2007-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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