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GRACE INSTITUTE

NEW YORK, NY · EIN 131641069 · Form 990 · FY2024 · Medium ($1M-$10M) · graceinstitute.org
revenue
$1.6M
expenses
$3.2M
net assets
$41.9M
employees
1
volunteers
7
program ratio
68%
mission · from form 990

PROVIDE FINANCIAL SUPPORT TO JOB TRAINING PROGRAMS THAT ENABLE WOMEN TO ACHIEVE EMPLOYMENT.

profile · synthesized from sources

Grace Institute provides free job training and placement services to women in New York City, preparing them for administrative and support roles in corporate, healthcare, nonprofit, and hospitality sectors. The 14-week hybrid program offers core and specialized instruction, along with comprehensive job placement and retention support. Founded in 1897, it focuses on helping women—particularly those who are underemployed, single parents, or living in economic hardship—achieve financial stability and career growth.

named programs · 4 · from sources

What they call their work

Alumnae Services
Lifetime access to job clubs, upskilling workshops, career counseling, and a professional network of over 1,000 alumnae
Core Training
Eight-week foundational program covering Microsoft Office, business communication, data entry, and professional correspondence
Job Placement and Retention Support
Comprehensive services including job search assistance, interview preparation, employer networking, and one year of post-graduation support
Specialized Training
Four to six weeks of industry-specific instruction in Nonprofit Operations, Project Management, Advanced Office Technology, Event Planning, or Administration in Healthcare
activities · 4 groups

What they do

  • Women's Educational Advancement 1 activity
    • Fund job training programs and technology resources for participants
      Provides financial support to job training programs serving women and awards grants to support computer and technology needs for program participants over a five-year period.
  • Workforce Readiness Training 1 activity
    • Provide job placement and post-graduation support for program graduates
      Provides job placement support to connect graduates with employers in New York City across sectors, followed by one year of job-retention support, career counseling, professional development workshops, and networking opportunities; also offers lifetime access to weekly job clubs and annual upskilling workshops.
  • Alumni Community Building 1 activity
    • Support a graduate alumnae network for professional connection and development
      Builds and sustains a community of over 1,000 active alumnae who engage in-person and online to network, share advice, and celebrate professional success, enhancing long-term career growth and peer support.
  • Uncategorized 1 activity
    • Deliver 14-week tuition-free hybrid training program for women in administrative careers
      Offers a 14-week, tuition-free hybrid training program that includes eight weeks of foundational administrative skills and four to six weeks of specialized training in fields such as nonprofit operations, project management, and healthcare administration, preparing women for administrative roles in corporate, healthcare, and nonprofit settings.
financials · form 990 · fy2024
revenue
Total revenue$1.61M
Contributions & grants$00%
Program service revenue$00%
Investment income$1.61M100%
Other revenue$0
expenses
Total expenses$3.24M
Program expenses68%
Admin / overhead32%
Fundraising0%
Salaries & benefits$282K
Grants paid out$1.46M
Largest expense lineProfessional Fees
balance sheet
Total assets$45.70M
Cash$542K
Investments$29.48M
Liabilities$3.81M
Net assets$41.89M
Liquid reserves111.3 mo
3 years on record · 2020–2024 · YoY revenue +21.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
PATRICK P GRACE PRESIDENT & CHIEF EXECUTIVE OFFICER 40 $268K
board members · 7
  • ELISE M GRACE — DIRECTOR
  • MARGARET GRACE — DIRECTOR
  • MARY TIDLUND — DIRECTOR
  • PATRICIA MONTGOMERIE — SECRETARY & TREASURER
  • PEDRO F MATA — CHAIRMAN
  • REV DR PATRICK DEVINE — SMA
  • RUSSELL MONTGOMERIE — DIRECTOR
relationships · 20

Who they work with

  • Columbia University Medical Center Partner — Employer that hired a Grace Institute graduate into a professional healthcare administration role.
  • David and Lorraine Hendricks Funder — Alumna and spouse providing a 5-year grant to support technology access for participants.
  • Goldman Sachs Partner — Employment partner for placing graduates in careers.
  • Goodwill Industries Partner — Employer that hired a Grace Institute graduate as a recruiting specialist serving disabled and veteran populations.
  • Grace Dodge Partner — Philanthropist and co-founder of Grace Institute in 1897
  • JP Morgan Partner — Employment partner for placing graduates in careers.
  • Memorial Sloan Kettering Cancer Center Partner — Employment partner for placing graduates in careers.
  • Merrill Lynch Partner — Employment partner for placing graduates in careers.
  • Michael Grace Partner — Co-founder of Grace Institute in 1897
  • Mount Sinai Hospital Partner — Employment partner for placing graduates in careers.
  • NYC Department of Transportation Partner — Government agency that hired a Grace Institute graduate into an administrative assistant role prior to program completion.
  • NYC Langone Medical Center Partner — Employment partner for placing graduates in careers.
  • New York City Government — Location of organizational partnerships with corporations, financial institutions, hospitals, and healthcare organizations.
  • TD Bank Partner — Employment partner for placing graduates in careers.
  • The Kuba Law Firm Partner — Law firm that hired a Grace Institute graduate into a front desk and later client relations role.
  • Visiting Nurse Association of New York Partner — Employer that hired a Grace Institute graduate into a back-office support coordination role.
  • WR Grace Partner — Employer that hired a Grace Institute graduate into a C-suite administrative role.
  • Weill Cornell Partner — Employment partner for placing graduates in careers.
  • You Gotta Believe Partner — Organization that hired a Grace Institute graduate as a Youth Advocate supporting youth in foster care.
  • other organizations Partner — Refers participants to other organizations for additional support services.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Community and Employer Partnership Network
    methodology: community-partnership_network
    By building partnerships with community organizations and major employers, the organization expands access to services and improves job placement outcomes because collaborative networks increase referral pathways, resource availability, and alignment between training outputs and labor market needs.
  • Employer-Aligned Training with Blended Curriculum
    methodology: blended_training_model
    By using a blended training model aligned with employer needs, the organization produces higher job placement success because it combines foundational administrative skills with customizable, industry-specific competencies that meet real market demands.
  • Inclusive and Supportive Learning Environment
    methodology: inclusive_environment
    By creating an inclusive and supportive environment for women and nonbinary individuals, the organization fosters engagement and program success because psychological safety and belonging enhance motivation, participation, and completion rates.
  • Integrated Support Model for Sustainable Workforce Entry
    methodology: comprehensive-support-model
    By combining skills training with comprehensive support services and long-term network access, the organization enables sustainable workforce entry for women because addressing both skill and non-skill barriers improves job readiness, placement, and retention.
  • Peer and Community Network Building
    methodology: peer_community_building
    By fostering peer communities and professional networks among participants, the organization supports long-term career development because peer relationships provide emotional support, knowledge sharing, and professional opportunities that extend beyond formal training.