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Filing year 2023

GRACE SCHOOLS

Winona Lake, Indiana·EIN 35-0868095·NTEE B58Z · Education·501(c)(3)
Total revenue
$5.2M
Total assets
$92.1M
Total expenses
$9.1M
Reported officers
33
Mission

GRACE COLLEGE IS AN EVANGELICAL CHRISTIAN COMMUNITY OF HIGHER EDUCATION WHICH APPLIES BIBLICAL VALUES IN STRENGTHENING CHARACTER, SHARPENING COMPETENCE, AND PREPARING FOR SERVICE. GRACE THEOLOGICAL SEMINARY IS A LEARNING COMMUNITY DEDICATED TO TEACHING, TRAINING, AND TRANSFORMING THE WHOLE PERSON FOR LOCAL CHURCH AND GLOBAL MINISTRY. AT GRACE, THE STUDENTS, ADMINISTRATION, FACULTY, AND STAFF AIM TOGETHER TO MAKE CHRIST PREEMINENT IN ALL THINGS. STUDENTS LEARN THIS BY LIVING, STUDYING, WORKING, WORSHIPING AND ACHIEVING ACADEMIC SUCCESS WITH OTHER YOUNG PEOPLE WHO SHARE SIMILAR CHRISTIAN IDEALS IN A SETTING WHERE THE COMMUNITY LIFESTYLE FOSTERS DEVOTION TO SERIOUS ACADEMIC INQUIRY, WHOLESOME RECREATION AND RELAXATION, AND MATURE SPIRITUAL GROWTH.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Indiana.

Senior Advisor
Highest Compensated Employee
Median to 75th percentile
$182k
$201k
Base
$156k
Bonus
Other
$8k
Benefits
VP Academic Affairs/provost
Board Vice President
Median to 75th percentilevs Education peers nationwide
$182k
$201k
Base
$165k
Bonus
$7k
Other
$138
Benefits
Dean of Online Education
Highest Compensated Employee
Median to 75th percentile
$164k
$181k
Base
$154k
Bonus
Other
$138
Benefits
Director Lcfls
Highest Compensated Employee
Median to 75th percentile
$162k
$179k
Base
$148k
Bonus
$3k
Other
$3k
Benefits
Professor Old Testament Studies
Highest Compensated Employee
25th percentile to median
$142k
$156k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 28 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at GRACE SCHOOLS equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about GRACE SCHOOLS

What does the Highest Compensated Employee of GRACE SCHOOLS earn?

In 2023, the Highest Compensated Employee of GRACE SCHOOLS received $181,884 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among Education organizations in Indiana, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at GRACE SCHOOLS compare with similar nonprofits?

Compared with the same role at Education organizations in Indiana, the 2023 pay of the Highest Compensated Employee at GRACE SCHOOLS falls between the median and the 75th percentile. In 2023, the highest total compensation at GRACE SCHOOLS equaled 2% of the organization's total expenses. The median for education organizations is 7%.

What are GRACE SCHOOLS's revenue and expenses?

In 2023, GRACE SCHOOLS reported $5.2M in total revenue and $9.1M in total expenses on its IRS Form 990.

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