His Grace Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
His Grace Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
Year, State Incorporated:
,
For the year ended December 31, 2023, His Grace Foundation's program expenses were:
| Program service expenses | $558,932 |
| Total Program Expenses | $558,932 |
Chief Executive
Elisabet Iparrea, Executive Director
Chair of the Board
Ms. Rebecca Gentry, Board President
Chair's Profession / Business Affiliation
Associate Vice President of Strategic Initiatives at the University of Houston (UH)
Board Size
7
Paid Staff Size
1
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Grant proposals, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Membership appeals, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on His Grace Foundation's IRS Form 990 for the year ended December 31, 2023.
Source of Funds
| Contributions and grants | $747,759 |
| Investment income | $13,160 |
| Other revenue | $-2,322 |
| Total Income | $758,597 |
Programs: 70% Fundraising: 16% Administrative: 14%
| Total Income | $758,597 |
| Total expenses: | $798,657 |
| Program expenses | $558,932 |
| Fundraising expenses | $129,367 |
| Administrative expenses | $110,358 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-40,060 |
| Beginning Net Assets | $2,101,425 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $2,194,939 |
| Total Liabilities | $0 |
| Total Assets | $2,194,939 |
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB of Greater Houston and South Texas