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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Grace Schools

Grace Schools

Fiscal year ending 2021. Filed on January 12, 2022.

200 Seminary Dr
Winona Lake, Indiana 46590

Grace Schools (EIN: 35-0868095) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2021 IRS Form 990 filing, Grace Schools, a 501(c)(3) charitable organization, reported compensation for 8 out of 1,104 total employees. Among the employees shown here, the average compensation is $135,350. The highest compensated employee at Grace Schools is Dr William Katip with fiscal year 2021 compensation of $233,303.

Revenue, expenses, and employee compensation

Revenue

$54,935,662

Expenses

$53,545,999

Employee compensation

$15,708,244
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dr William Katip
President of Grace College
$233,303
$210,284 No related comp$23,019
Dr Andrew Flamm
Vice President, Advancement
$158,269
$148,902 No related comp$9,367
Mr Paul Blair
CFO (Left 6/20)
$135,674
$127,633 No related comp$8,041
Dr Tim Ziebarth
DEAN of Online Education
$131,146
$122,903 No related comp$8,243
Dr Alan Grossnickle
Assoc Professor of Business
$124,281
$116,752 No related comp$7,529
Dr Carrie Yocum
Vice President of Admin and Compliance
$123,281
$119,971 No related comp$3,310
Dr Jeff Fawcett
Dean, School of Business
$118,265
$111,665 No related comp$6,600
Mr Doug Baumgardner
CFO (Began 6/20)
$58,578
$56,969 No related comp$1,609

Benchmark Employee Compensation

Non-Employee Board Members

Dr John F Smith
Trustee
Dr Kelly Geisler
Trustee
Mr Andrew Serafini
Trustee
Mr Daniel Sandoval
Trustee
Mr Daniel W Renner
Vice Chair
Mr Greg Dosmann
Trustee
Mr James Grady
Trustee
Mr Lamarr Lark
Trustee
Mr Loren Neuenschwander
Trustee
Mr Mark Miller
Trustee
Mr Matt Abernethy
Trustee
Mr Randy Lake
Trustee

Contractors

Sodexo Inc. & Affiliates
Food
$2,383,870
Aramark Services
Maintenance
$2,262,034
Remodel Health
Technology
$1,282,890
Tree of Life Bookstore Inc
Book Supplier
$634,780
Wiley Education Services LLC
Online
$634,780

Mission Statement

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.

Revisions to this organization profile

March 5, 2025:
2024 Grace Schools 990 filed
December 18, 2023:
2023 Grace Schools 990 filed
December 22, 2022:
2022 Grace Schools 990 filed

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