2024-11-13T05:39:46-07:00 2023-12-31 990 2023-01-01 800235887 GRACE-MAR SERVICES INC GRAC 7049096041 615 E 6th Street Suite 116 Charlotte NC 28202 Kenneth Smith Executive Director 7042313191 2024-10-15 1 2023 2024-10-15 13:58:12Z X Kenneth Smith 615 E 6th Street Suite 116 Charlotte NC 28202 224988 0 X www.gracemar.org X 2009 NC Grace Mar Services Inc builds stronger more reslient communities of color using workforce development and minority business ownership as a catalyst. 7 7 5 7 0 0 585699 224988 0 0 0 0 0 0 585699 224988 168920 0 0 0 0 244361 0 0 0 0 213397 168920 457758 416779 -232770 2289768 681337 0 348368 2289768 332969 Grace Mar builds stronger more resilient communities of color using workforce development and minority business ownership as a catalyst. 0 0 280759 280759 280759 We successfully completed the third year of the YouthBuild program. In addition, we added and upgraded our online training platform enabling our agency to train over 100 individuals along with our YouthBuild students in several areas including, Construction and Construction Maintenance, Generative AI, Microsoft Office Suites and Customer Service. 33765 0 We successfully completed renovation on the YouthBuild home located at 322 Dare Drive Charlotte NC 28206 and had our first occupants to move into our transitional home for formerly incarcerated men. 0 0 0 successfully closed out YouthBuild program 0 0 0 314524 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 5 1 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 NC X Kenneth Smith 7042313191 615 E 6th Street Suite 116 Charlotte NC 28202 Kenneth Smith President 30 30 X 40000 40000 0 Grace Blake Smith Vice President 30 30 X 45000 26000 0 85000 66000 0 0 0 0 0 0 0 0 0 0 24980 200008 0 224988 0 0 0 0 0 0 0 0 0 0 0 224988 0 0 0 62500 62500 170742 170742 350 350 10769 7840 2929 0 265 265 60622 48089 12533 2610 2610 15080 15080 4659 4659 6477 4740 1737 22593 22593 3036 2449 587 0 3548 3548 16651 16651 8769 8769 Contract Labor and Stipends 32600 32600 0 0 Direct Program Costs 19452 19452 0 0 Bad Debt Expense 6000 6000 0 0 Repairs and Maintenance 2847 0 2847 0 8188 7532 656 0 457758 314524 143234 0 232711 293079 1632162 15212 101000 94100 332052 53106 323895 278946 2289768 681337 65667 282701 0 348368 X 599515 320248 1690253 12721 2289768 332969 2289768 681337 -232770 0 48089 0 -1772118 0 X 0 0 0 X 151870 514864 50000 52899 224988 994621 151870 514864 50000 52899 224988 994621 994621 994621 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24700 0 24700 270869 0 29087 241782 0 0 0 0 0 0 0 0 36483 0 24019 12464 278946 Form 990, Part VI, Section A, Line 2 Kenny Smith and Grace Smith are married. Form 990, Part VI, Section B, Line 11b The organization's financials are reviewed and explained by the board's treasurer. Form 990, Part VI, Section B, Line 12c Yes, our agency reviews the conflict of interest policy at every annual meeting. Our next annual meeting is scheduled for December 31, 2023. Form 990, Part VI, Section B, Line 15 Our president's compensation was put in place in 2017 and has not change since that year. Form 990, Part VI, Section C, Line 19 All of our documents are made available to the general public on request by contacting our offices by phone at 704-909-6041, email at info@gracemar.org or by mail at PO Box 480323 Charlotte NC 28202 We are not late in filing our report, we were granted an extension. Our new filing date is November 15th 2024 which will plan to meet.