Grace Academy in Hagerstown 
The information on this page was last updated 11/7/2026. If you see errors or omissions, please email: [email protected]
Summary
As a private institution, it is our goal to provide all students in the tri-state area with a quality education by hiring the best teachers, and offering the best academic, athletic, and fine arts opportunities.
Contact information
Mailing address:
Grace Academy
13321 Cearfoss Pike
Hagerstown, MD 21740
Website: gaknights.org
Phone: (301) 733-2033
Email: [email protected]
Organization details
EIN: 521096867
CEO/President: Montie Mansur
Chairman: Dan Thornton
Board size: 7
Founder: Mary Michael
Ruling year: 1979
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
To honor God by providing quality Christian education and experiences.
Mission statement
To help each student discover their purpose as lifelong disciples of Jesus Christ, by providing a quality Christian education.
Statement of faith
The Bible to be the inspired, infallible, authoritative, and inerrant Word of God. (2 Timothy 3:16, 2 Peter 1:21)
There is only one God, eternally existent in three persons - Father, Son and Holy Spirit. (Genesis 1:1, Matthew 28:19, John 10:30)
In the deity of Christ (John 10:33), His virgin birth (Isaiah 7:14; Matthew 1:23; Luke 1:35), His sinless life (Hebrews 4:15, 7:26), His miracles (John 2:11), His atoning death (1 Corinthians 15:3; Ephesians 1:7; Hebrews 2:9), His Resurrection (John 11:25), His ascension to the right hand of the Father (Mark 16:19), and His personal return in power and glory. (Acts 1:11; Revelation 19:11)
In the absolute necessity of regeneration by the Holy Spirit for salvation, because of the exceeding sinfulness of human nature; that we are justified only by faith in the shed blood of Christ; and that it is only by God's grace and through faith alone that we are saved. (John 3:16-19, 5:24; Romans 3:21-26; Romans 5:8-9; Ephesians 2:8-10; Titus 3:5)
That followers of Christ are to live holy lives in service to God out of the gratitude for who He is and what He has done for them, and in the present ministry of the Holy Spirit, by whose indwelling the Christian is enabled to live a godly life. (Romans 8:9-14, 1 Corinthians 2:12-13, 3:16; 6:19-20; Ephesians 4:30, 5:18; Titus 3:8)
That the Devil is a real being who encourages rebellion to God. (1 Peter 5:8-9; Ephesians 6:10-13)
In the spiritual unity of His Church, consisting of true believers from all kindred, races, and languages. (1 Corinthians 2:12-13; Galatians 3:26-28)
That followers of Christ should look for His return to earth to resurrect the saints, judge the world, and reign on the earth; those that reject Christ will be confined to an eternal place of fire and torment, and all who trust in Christ will live with Him and enjoy Him forever. (John 5:28-29; 2 Thessalonians 1:5-10; Acts 1:11; Revelation 19:11-16)
Donor confidence score
Show donor confidence score details
To understand our donor confidence score, click here.
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 427 of 1607 | 80 of 282 |
| Fund acquisition rating | | 645 of 1608 | 145 of 282 |
| Resource allocation rating | | 976 of 1608 | 177 of 282 |
| Asset utilization rating | | 182 of 1607 | 25 of 282 |
To understand our financial efficiency ratings, click here.
Financial ratios
| Funding ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 9% | 0% | 0% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 1% | 0% | 0% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 12% | 2% | 3% | 5% | 8% | 16% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 2% | 0% | 0% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 88% | 98% | 97% | 95% | 92% | 84% |
| Operating ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 81% | 83% | 75% | 73% | 72% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 96% | 99% | 97% | 91% | 83% |
Program output ratio Program output ratio = Program services / Total revenue | 77% | 78% | 82% | 73% | 66% | 60% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 4% | 1% | 3% | 9% | 17% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 11% | 3% | 9% | 24% | 52% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 19% | 17% | 25% | 27% | 28% |
| Investing ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 1.64 | 1.57 | 1.43 | 1.20 | 1.00 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.19 | 2.95 | 3.33 | 3.50 | 3.78 | 4.97 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.04 | 4.83 | 5.24 | 5.01 | 4.55 | 4.96 |
| Liquidity ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Current ratio Current ratio = Total current assets / Total current liabilities | 2.79 | 3.25 | 2.29 | 2.20 | 2.92 | 2.36 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.35 | 0.31 | 0.44 | 0.45 | 0.34 | 0.42 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 3.44 | 1.72 | 1.29 | 1.31 | 1.74 | 1.40 |
| Solvency ratios | Sector median | 2025 | 2024 | 2023 | 2022 | 2021 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 30% | 42% | 48% | 51% | 52% | 60% |
Debt ratio Debt ratio = Debt / Total assets | 10% | 32% | 35% | 38% | 43% | 51% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 114% | 35% | 33% | 35% | 40% | 40% |
Financials
| Balance sheet | |||||
| Assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Cash | $844,467 | $755,618 | $726,145 | $634,730 | $410,618 |
| Receivables, inventories, prepaids | $39,172 | $24,280 | $27,937 | $25,169 | $42,789 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $883,639 | $779,898 | $754,082 | $659,899 | $453,407 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,715,938 | $1,804,891 | $1,861,455 | $1,831,749 | $1,799,651 |
| Other long-term assets | $4,167 | $12,500 | $20,833 | $0 | $0 |
| Total long-term assets | $1,720,105 | $1,817,391 | $1,882,288 | $1,831,749 | $1,799,651 |
| Total assets | $2,603,744 | $2,597,289 | $2,636,370 | $2,491,648 | $2,253,058 |
| Liabilities | 2025 | 2024 | 2023 | 2022 | 2021 |
| Payables and accrued expenses | $43,221 | $93,137 | $83,909 | $104,723 | $60,671 |
| Other current liabilities | $228,450 | $248,012 | $258,570 | $121,086 | $131,155 |
| Total current liabilities | $271,671 | $341,149 | $342,479 | $225,809 | $191,826 |
| Debt | $829,095 | $916,839 | $989,824 | $1,075,153 | $1,159,999 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $829,095 | $916,839 | $989,824 | $1,075,153 | $1,159,999 |
| Total liabilities | $1,100,766 | $1,257,988 | $1,332,303 | $1,300,962 | $1,351,825 |
| Net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Without donor restrictions | $1,481,978 | $1,326,301 | $1,301,367 | $1,190,686 | $901,233 |
| With donor restrictions | $21,000 | $13,000 | $2,700 | $0 | $0 |
| Net assets | $1,502,978 | $1,339,301 | $1,304,067 | $1,190,686 | $901,233 |
| Revenues and expenses | |||||
| Revenue | 2025 | 2024 | 2023 | 2022 | 2021 |
| Total contributions | $71,390 | $106,360 | $183,959 | $266,099 | $423,422 |
| Program service revenue | $4,256,693 | $3,918,654 | $3,616,176 | $2,963,411 | $2,209,595 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $27,100 | $29,398 | $8,122 | $306 | $1,430 |
| Other revenue | $76,063 | $66,769 | $83,859 | $59,932 | $87,882 |
| Total other revenue | $4,359,856 | $4,014,821 | $3,708,157 | $3,023,649 | $2,298,907 |
| Total revenue | $4,431,246 | $4,121,181 | $3,892,116 | $3,289,748 | $2,722,329 |
| Expenses | 2025 | 2024 | 2023 | 2022 | 2021 |
| Program services | $3,458,896 | $3,376,157 | $2,839,724 | $2,181,541 | $1,625,725 |
| Management and general | $808,673 | $709,790 | $939,011 | $818,754 | $623,535 |
| Fundraising | $0 | $0 | $0 | $0 | $0 |
| Total expenses | $4,267,569 | $4,085,947 | $3,778,735 | $3,000,295 | $2,249,260 |
| Change in net assets | 2025 | 2024 | 2023 | 2022 | 2021 |
| Surplus (deficit) | $163,677 | $35,234 | $113,381 | $289,453 | $473,069 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $163,677 | $35,234 | $113,381 | $289,453 | $473,069 |
Compensation
Compensation data for this ministry has not been collected.
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/7/2026. To update the information below, please email: [email protected]
History
After a successful teaching career in the public school system, Mary Michael, at age 65, was set to retire, but God had other plans. In the Summer of 1976, Mrs. Michael was approached by her friend, Jerry Massey (who owned Massey Ford at the time). He asked if she'd be willing to tutor his three children during their summer break. The Massey's were so thrilled with the progress their children made in their reading skills, that they asked Mary to continue teaching their children that fall. She agreed to teach not only the Massey children, but also two other children who had heard of the great progress that students were making under Mrs. Michael's instruction. Just like that, Mary Michael realized God's purpose for her "retirement years". After several months of teaching out of her basement, Grace Academy moved to the Downsville, MD public school building in November 1976.
https://www.gaknights.org/our-story/history-clone