Financial Transparency
Grace Blanket operates with full transparency. We believe that responsible stewardship of donor and grant funds requires open access to our financial information. This page provides the documentation funders need to evaluate our fiscal health and management.
Organization Overview
Grace Blanket Inc.
82-0837392
501(c)(3) Public Charity
2017
January – December
IRS Form 990-N (gross receipts under $50,000)
IRS Form 990 Filings
As a small nonprofit with gross receipts under $50,000, Grace Blanket files the 990-N e-Postcard annually. Full 990 or 990-EZ filings will be required as the organization grows.
| Tax Year | Form Type | Status | Filed Date |
|---|---|---|---|
| 2025 | 990-N | Filed | Pending |
| 2024 | 990-N | Filed | May 2025 |
| 2023 | 990-N | Filed | April 2024 |
| 2022 | 990-N | Filed | March 2023 |
| 2021 | 990-N | Filed | April 2022 |
| 2020 | 990-N | Filed | March 2021 |
990-N e-Postcards confirm tax-exempt status. Full 990 documents available upon request when applicable.
Revenue Sources (Projected Mix)
Grace Blanket pursues a diversified funding strategy combining grants, individual giving, and fee-for-service revenue to ensure sustainability.
Revenue Breakdown
Expense Allocation
82% Program Ratio — Over 80 cents of every dollar goes directly to delivering evidence-based wellness programs.
Indirect Cost Rate
Grace Blanket uses the federal de minimis indirect cost rate of 10% MTDC, or a 15% rate where permitted by funders. This covers administrative costs not directly tied to specific grant activities.
- •No federally negotiated indirect cost rate agreement (NICRA) at this time
- •Will pursue NICRA as organization scales
- •Flexible on indirect rates per funder requirements
Audit & Financial Review
Current Status
As an early-stage organization with gross receipts under $250,000, Grace Blanket is not currently required to conduct an independent audit. Internal financial controls are in place.
Future Plans
- ✓Independent financial review at $250K threshold
- ✓Full independent audit at $500K threshold
- ✓Single Audit (A-133) when federal funding exceeds $750K
Financial Controls & Governance
Internal Controls
- ✓Separation of financial duties
- ✓Board-approved annual budget
- ✓Quarterly financial reporting to board
- ✓Documented expense approval process
- ✓Dedicated accounting software (QuickBooks)
Board Oversight
- ✓Finance committee reviews all financials
- ✓Annual budget approval process
- ✓Conflict of interest policy in place
- ✓Document retention policy
- ✓Whistleblower protection policy
Request Financial Documents
The following documents are available upon request to prospective funders:
- •IRS Determination Letter (501(c)(3) status)
- •990-N Filing Confirmations
- •Current Year Budget
- •Board of Directors List
- •Articles of Incorporation & Bylaws
Questions about our finances or need additional documentation?
Contact us →