Grace Schools
84% goes to programs $2 to raise $100 Strong reserves Growing revenue
Grace Schools is a 501(c)(3) organization based in Winona Lake, Indiana, registered in 1941, with $102,992,240 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
1 Lancer Way, Winona Lake, IN, 46590 EIN 35-0868095 Since 1941
Revenue (FY2024)
$103.0M
▲ 1867.7% vs prior year
Education median: $200K
Expenses (FY2024)
$67.2M
Net assets
$98.4M
Employees
1,160
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Grace Schools: 84% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +35% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Grace Schools: 18 mo reserves · +35% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Grace Schools: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Grace Schools: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Grace college and seminary strives to be an evangelical christian community of higher education.
What they do
Auxiliary programs offering residential housing and meals on 180 acre campus. grace offers 18 varsity sports and a vibrant intramural and club sporting program. grace has 15 primary student organizations and many academic clubs.
Contact & location
- Address
- 1 Lancer Way, Winona Lake, IN, 46590
- City
- Winona Lake
- State
- Indiana
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $46.4M (FY2013) to $103.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30.5MNet assets $98.4M
Operating margin
34.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$128.9M
Total liabilities
$30.5M
Net assets
$98.4M
Salaries & benefits
$20.1M
30% of expenses
Board members
24
24 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $102,992,240▲1868% | $67,180,744▲637% | $98,372,357▲63.8% | $128,905,473▲39.9% | 990 |
| 2023 | $5,234,116▼91.9% | $9,115,272▼85.2% | $60,043,754▲8.8% | $92,110,224▲7.2% | 990 |
| 2022 | $65,010,659▲0.4% | $61,412,478▲7.2% | $55,210,883▲7.4% | $85,935,849▲3.3% | 990 |
| 2021 | $64,762,648▲17.9% | $57,268,723▲7.0% | $51,420,845▲14.8% | $83,215,559▲2.6% | 990 |
| 2020 | $54,935,662▲7.7% | $53,545,999▲2.5% | $44,781,163▲11.7% | $81,086,720▲2.7% | 990 |
| 2019 | $51,027,031▲2.8% | $52,248,694▼0.8% | $40,100,565▼3.6% | $78,967,749▲2.1% | 990 |
| 2018 | $49,643,446▼7.4% | $52,647,573▲1.8% | $41,608,985▼4.7% | $77,353,144 | 990 |
| 2017 | $53,616,565▼4.3% | $51,728,901▼0.5% | $43,680,798▲5.4% | $77,334,763▲7.9% | 990 |
| 2016 | $56,023,509▲4.5% | $51,988,699▲7.6% | $41,458,533▲19.9% | $71,673,065▲31.1% | 990 |
| 2014 | $53,599,174▲15.5% | $48,304,856▲5.5% | $34,571,599▲19.2% | $54,670,863▲8.8% | 990 |
| 2013 | $46,424,326 | $45,804,348▲13.7% | $29,004,769▲4.6% | $50,229,175▲1.7% | 990 |
| 2012 | — | $40,268,309▲15.1% | $27,741,053▲4.5% | $49,411,513▲4.4% | 990 |
| 2011 | — | $34,999,495▲1.8% | $26,549,834▼2.6% | $47,308,242▲4.2% | 990 |
| 2010 | — | $34,369,207▲3.0% | $27,245,501▲9.6% | $45,422,748▲2.7% | 990 |
| 2009 | — | $33,373,246 | $24,857,554 | $44,238,724 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Dr Andrew Flamm — $273,581 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Andrew Flamm | President of Grace College | 40 | $273,581 |
| Dr Kevin Roberts | Vp Academic Affairs/provost | 40 | $176,168 |
| Dr Nathan Bosch | Director Lcfls | 40 | $168,158 |
| Dr Tim Ziebarth | Dean of Online Education | 40 | $161,805 |
| Mr Doug Baumgardner | Cfo | 40 | $155,378 |
| Dr Trent Lambert | Director of the Center For Thriving Leaders | 40 | $145,417 |
| Dr Roger Stichter | Prof of Accounting & Finance | 40 | $143,944 |
| Dr Karen White | Trustee | 1 | — |
| Mr Cory Colman | Trustee | 1 | — |
| Mr Daniel Sandoval | Trustee | 1 | — |
| Mr Daniel W Renner | Chair | 1 | — |
| Mr Greg Dosmann | Trustee | 1 | — |
| Mr James Grady | Trustee | 1 | — |
| Mr Jonathon Allen | Trustee | 1 | — |
| Mr Keith Minier | Trustee | 1 | — |
| Mr Lamarr Lark | Trustee | 1 | — |
| Mr Loren Neuenschwander | Trustee | 1 | — |
| Mr Matt Abernethy | Trustee | 1 | — |
| Mr Mike Yoder | Trustee | 1 | — |
| Mr Quentin Blackford | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc & Affiliates | Food Service | $3,155,242 |
| Aramark Services Inc | Maintenance | $2,483,981 |
| Michael Kinder & Sons Inc | Construction | $1,327,165 |
| Slingshot LP | Book Supplier | $966,848 |
| Design Collaborative | Construction | $953,908 |
Grants received · $4.3M total
74 grants to Grace Schools totaling $4.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Colleges and universities | 2024 | $109,630 |
| Midway USA Foundation Inc | To fund youth shoothing sports | 2024 | $46,509 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $35,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $35,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $29,460 |
| American Endowment Foundation | Educational | 2024 | $11,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| National Christian Charitable Foundation | Growth | 2023 | $358,983 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $157,474 |
| Donor Advised Charitable Giving | Education | 2023 | $99,530 |
| Greater Cincinnati Foundation | Programatic support | 2023 | $20,000 |
| Midway USA Foundation Inc | To fund youth shooting sports | 2023 | $11,145 |
| Tulsa Community Foundation | Scholarships | 2023 | $7,491 |
| University of Indianapolis | Reimbursing schools for teacher stipends, supplies, and equipment that are related to the purpose of the grant/contract | 2023 | $7,126 |
| Donor Advised Charitable Giving | Education | 2022 | $370,450 |
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Frequently asked questions
- Is Grace Schools a legitimate nonprofit?
- Yes. Grace Schools is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0868095, based in Winona Lake, Indiana. Donations are tax-deductible.
- What is Grace Schools's EIN?
- Grace Schools's Employer Identification Number (EIN) is 35-0868095.
- How much revenue does Grace Schools report?
- Grace Schools reported $102,992,240 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Grace Schools's spending goes to programs?
- Grace Schools spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Grace Schools have?
- CharityIndex grades Grace Schools A, based on program efficiency and fundraising cost.
- How much does Grace Schools's highest-paid employee make?
- The highest reported compensation on Grace Schools's latest Form 990 is $273,581, paid to Dr Andrew Flamm (President of Grace College).
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Data for Grace Schools (EIN 35-0868095) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.