GRACE PREP INCORPORATED: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: GRACE PREP INCORPORATED (EIN 20-1224844)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-02-13
IRS object ID: 201340449349300794
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-02-13T14:13:32-06:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	STEVE RICHARDSON & COMPANY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2250	AddressLine1
City	TUSCALOOSA	City
State	AL	State
ZIP Code	354032250	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	201224844	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	GRACE PREP INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	GRAC	NameControl
Phone	8142346072	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3006 RESEARCH DRIVE SUITE D-1	AddressLine1
City	STATE COLLEGE	City
State	PA	State
ZIP Code	16801	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BOB GRESH	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	8142346072	Phone
Date Signed	2013-02-13	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	STEVE RICHARDSON	Name
Phone	2053493580	Phone
Date Prepared	2013-02-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	BOB GRESH	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	186 QUICK FARM LANE	AddressLine1
City	STATE COLLEGE	City
State	PA	State
ZIP Code	16801	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	553305	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.GRACEPREP.COM	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
State Legal Domicile	PA	StateLegalDomicile
Activity Or Mission Description	PRIVATE CHRISTIAN SCHOOL	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	18	TotalNbrEmployees
Total Nbr Volunteers	25	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	95672	ContributionsGrantsPriorYear
Contributions Grants Current Year	110856	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	362232	ProgramServiceRevenuePriorYear
Program Service Revenue CY	442396	ProgramServiceRevenueCY
Investment Income Prior Year	29	InvestmentIncomePriorYear
Investment Income Current Year	53	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	457933	TotalRevenuePriorYear
Total Revenue Current Year	553305	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	346906	SalariesEtcPriorYear
Salaries Etc Current Year	351205	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	114740	OtherExpensePriorYear
Other Expenses Current Year	124407	OtherExpensesCurrentYear
Total Expenses Prior Year	461646	TotalExpensesPriorYear
Total Expenses Current Year	475612	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-3713	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	77693	RevenuesLessExpensesCY
Total Assets BOY	47073	TotalAssetsBOY
Total Assets EOY	37131	TotalAssetsEOY
Total Liabilities BOY	130192	TotalLiabilitiesBOY
Total Liabilities EOY	42557	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-83119	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-5426	NetAssetsOrFundBalancesEOY
Mission Description	PRIVATE CHRISTIAN SCHOOL	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	475612	Expense
Description	EDUCATION OF APPROXIMATELY 50 STUDENTS IN GRADES 9 THROUGH 12	Description
Total Program Service Expense	475612	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	2	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	18	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	CHRISTINE NEBROSKI	NamePerson
Telephone Number	8142346072	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	3006 RESEARCH DR	AddressLine1
City	STATE COLLEGE	City
State	PA	State
ZIP Code	16801	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
STEVE MOYER
MEMBER	1.00	X	0	0	0
KURT WEIBEL
MEMBER	1.00	X	0	0	0
RYAN OHLSON
MEMBER	1.00	X	0	0	0
JIM BURTOLF
MEMBER	1.00	X	0	0	0
DAVID WILLIAMS
MEMBER	1.00	X	0	0	0
BOB GRESH
EX DIRECTOR	20.00		15000	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	15000	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
All Other Contributions	110856	AllOtherContributions
Total Contributions	110856	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	TUITION & FEES	Description
Total Revenue Column	442396	TotalRevenueColumn
Related Or Exempt Function Income	442396	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	442396	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	53	TotalRevenueColumn
Related Or Exempt Function Income	53	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	553305	TotalRevenueColumn
Related Or Exempt Function Income	442449	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	305649	Total
Program Services	305649	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	36628	Total
Program Services	36628	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	8928	Total
Program Services	8928	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	1250	Total
Program Services	1250	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	9596	Total
Program Services	9596	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	16634	Total
Program Services	16634	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	63632	Total
Program Services	63632	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	3281	Total
Program Services	3281	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	2586	Total
Program Services	2586	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	2274	Total
Program Services	2274	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	1284	Total
Program Services	1284	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	3036	Total
Program Services	3036	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
STUDENT SPORTS	6620	6620
CIRRICULUM MATERIALS	5211	5211
EDUCATION TECHNOLOGY	3565	3565
STUDENT ACTIVITIES	3297	3297

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	2141	Total
Program Services	2141	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	475612	Total
Program Services	475612	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	16648	BOY
EOY	28038	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	5398	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	27974	BOY
EOY	2528	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	96947	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	95780	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2451	BOY
EOY	1167	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	47073	BOY
EOY	37131	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	34188	BOY
EOY	42493	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	94718	BOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	1286	BOY
EOY	64	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	130192	BOY
EOY	42557	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-83119	BOY
EOY	-5426	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-83119	BOY
EOY	-5426	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	47073	BOY
EOY	37131	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	77693	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	96947	OtherCostOrOtherBasis
Depreciation	95780	Depreciation
Book Value	1167	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	1167	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	PAYROLL WITHHOLDINGS	Description
Amount	$64	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	64	TotalOfAmounts

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	false	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	GENERAL SCHOOL REQUIREMENTS, RULES AND REGULATIONS AND COMPENSATION OF TEACHERS AND ADMINISTRATIVE STAFF ARE SUBJECT TO BOARD MEMBER APPROVAL.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	THE BOARD MEMBERS REVIEW AND APPROVE THE ANNUAL 990 RETURNS PRIOR TO SUBMISSION TO THE GOVERNING AUTHORITIES.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	ALL TOP OFFICIAL COMPENSATION IS APPROVED BY BOARD MEMBERS.
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	ALL TOP OFFICIAL COMPENSATION IS APPROVED BY BOARD MEMBERS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE BOARD.