TO OPERATE AS AN IRS 501(C)(3) NOT-FOR-PROFIT CHARITABLE ORGANIZATION IDENTIFYING AND SUPPORTING OTHER I.R.S. 501(C)(3) NOT-FOR-PROFIT ORGANIATIONS THET PROVIDE PROGRAMS TO ALLEVIATE SUFFERING AND POVERTY BY TAKING AIM AT ITS ROOT CAUSE, TO EDUCATE YOUNG PEOPLE IN CAREERS, AND TO RESPOND TO SPECIFIC COMMUNITY NEEDS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$188K
+18.7% YoY
Annual Giving
$13K
+36.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$13K
+36.4% YoY
About Lace Foundation
Based on IRS filings
Lace Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $188K in total assets. In 2024, it awarded 1 grants totaling $13K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $188,472 | $158,800 | $133,277 |
| Revenue | $42,141 | $36,894 | $8,635 |
| Expenses | $20,062 | $23,633 | $12,537 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,544 | $6,744 | $1,435 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Compassion International ($13,164).
| Recipient | Purpose | Amount |
|---|---|---|
| COMPASSION INTERNATIONAL COLORADO SPGS, CO | ALLEVIATE SUFFERING | $13,164 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BONNIE LACE | VICE PRESIDE | 2 | — |
| DANIEL LACE | PRESIDENT | 2 | — |
| JOHN LACE | TREASURER | 1 | — |
| MARY LACE | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lace Foundation?
Lace Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, IL. It holds $188K in total assets as of 2024.
How large is Lace Foundation?
As of 2024, Lace Foundation holds $188K in total assets with $42K in annual revenue. It awarded 1 grants totaling $13K in 2024.
Where does Lace Foundation operate?
Lace Foundation has awarded grants in Colorado.
What size grants does Lace Foundation award?
In 2024, Lace Foundation awarded 1 grants totaling $13K — an average of about $13K per grant, based on its IRS Form 990 filings.
What is Lace Foundation's EIN?
Lace Foundation's EIN (Employer Identification Number) is 81-3846692. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lace Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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