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The Gear Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205480584 ✦ Franklin, TN ✦ Designated as a 501(c)(3)

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Overview

What is The Gear Foundation Inc?

The Gear Foundation Inc, located at 229 Gloucester Street, Franklin, Tennessee 37064, is a nonprofit organization dedicated to integrating individuals with special needs into mainstream society. By offering them employment opportunities and fostering interactions in a welcoming public environment, the foundation empowers these young adults to participate in community life more effectively. With a small team of one dedicated individual, The Gear Foundation Inc is committed to championing the inclusion of special needs young adults, contributing positively to their personal growth and social integration.


Official website here: www.ourthriftstore.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83% (Three-Star out of Four Stars)

The Gear Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 83%, which is based entirely on its Accountability & Finance metrics. This rating indicates a commendable commitment to financial health and transparency, which are critical factors for potential donors assessing the charity's reliability and effectiveness.

Strengths of The Gear Foundation include a fully independent board, with 100% of its members meeting this criterion. The organization also demonstrates strong financial practices, with a high program expense ratio of 94.44%, indicating that most funds are directed towards its programs rather than administrative costs. Additionally, the absence of any material diversion of assets further enhances its credibility.

However, there are some limitations noted in the data. The charity is missing a Whistleblower Policy and a Document Retention and Destruction policy, which are important for ensuring ethical governance and operational integrity. While these deficiencies do not overshadow its strengths, they are areas for improvement to enhance overall accountability and transparency.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about The Gear Foundation Inc?

92% of 697 reviewers on Facebook recommend The Gear Foundation Inc. Here's a summary of their comments:

Many patrons express their fondness for the organization, frequently highlighting the variety of appealing items available. Shoppers appreciate the quality and uniqueness of the finds, noting that they consistently discover something charming during their visits. This positive reception reinforces the idea that the nonprofit effectively meets the expectations of its supporters.

Overall, the sentiment is quite favorable, with supporters feeling positive about their experiences and the range of offerings. The nonprofit appears to be fulfilling its mission by creating a welcoming atmosphere and providing valuable resources to the community.


This AI summary has been generated from reviews found on Facebook.

Is The Gear Foundation Inc legitimate?

The Gear Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gear Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $62,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ourthriftstore.org

What is the mission statement of The Gear Foundation Inc?

The Gear Foundation's mission is centered around integrating young adults with special needs into mainstream society. They accomplish this by offering them the chance to work and socialize in a welcoming and friendly public environment. By doing so, they aim to provide these individuals with valuable experiences and opportunities for growth. The foundation's activities are geared towards promoting inclusion and equality, allowing these young adults to contribute positively and participate fully in their communities.


Official website here: www.ourthriftstore.org

Who is the CEO of The Gear Foundation Inc?

Dave Krikac is the Program Director of The Gear Foundation Inc.


Official website here: www.ourthriftstore.org

What is the revenue of The Gear Foundation Inc?

The Gear Foundation Inc's revenue in 2022 was $19,320.


Official website here: www.ourthriftstore.org

Who are the executives of The Gear Foundation Inc and what are their salaries?

The average compensation at The Gear Foundation Inc during 2022 was $62,000. There is 1 employee and 5 volunteers at The Gear Foundation Inc.


Here are 7 key members and their salaries:


Sandy Krikac (Program Director)
  • Compensation: $62,000
  • Related: $0
  • Other: $0
Phil King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Norwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Bray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Powlus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Krikac (Principal Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Tidwell (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ourthriftstore.org

Where can I find the form 990 for The Gear Foundation Inc?

The Gear Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ourthriftstore.org

Learn more at the official website: www.ourthriftstore.org

Mission Statement of The Gear Foundation Inc

The Gear Foundation, a nonprofit organization, is dedicated to integrating young adults with special needs into mainstream society. Through their mission, they offer these individuals an opportunity to work and engage in a welcoming and friendly public setting. By providing this platform, The Gear Foundation aims to foster inclusion and empower these young adults, enabling them to contribute and interact positively in various public settings.

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Impact




August, 2024

The Gear Foundation Inc is making a significant impact by assisting in mainstreaming special needs young adults, providing them with the opportunity to work and interact in a warm and friendly public setting. Through their efforts, they are helping these individuals gain employment and integrate into society. This not only provides them with valuable skills and a sense of purpose but also promotes inclusivity and understanding within the community. The Gear Foundation's work is crucial in creating a more supportive and accepting environment for individuals with special needs.




This information is meant to be a general summary of The Gear Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$19,320 (2022)
Expenses
$81,350 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $516
  • Gross Receipts: $19,320

Assets and Liabilities:

  • Total Assets: $114,158
  • Total Liabilities: $29
  • Net Assets: $114,129

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Organization Details

Founding Year

2006

Principal Officer

Dave Krikac

Main Address

229 GLOUCESTER STREET, FRANKLIN, TN, 37064

NTEE Category

Code: J30 - Employment

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