Overview
What is The Gvtc Foundation Inc?
The Gvtc Foundation Inc is a philanthropic organization situated in New Braunfels, Texas, with a postal address at 36101 FM 3159. Committed to enhancing the quality of life in the communities it serves, the foundation supports over 80 local community organizations and activities. Its mission revolves around charitable contributions and volunteer service, aiming to empower local communities by funding programs essential for charitable activities, non-profit organizations, and educational pursuits. In 2022, the foundation awarded three scholarships as part of its efforts.
Official website here: www.gvtcfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Gvtc Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 81%. This score is derived solely from their financial practices, showcasing the organization’s commitment to transparency and responsible management of resources, which is essential for maintaining donor trust and support.
Strengths noted include a 100% independent board, demonstrating strong governance and oversight, along with no material diversion of assets. The organization maintains comprehensive policies such as conflict of interest and whistleblower protections, ensuring ethical operations. Furthermore, an impressive program expense ratio of 99.09% indicates that nearly all expenditures are directed towards its programs, highlighting a strong focus on mission-driven initiatives.
While the overall rating is commendable, potential donors may still want to consider other aspects such as program outcomes and impact, which are not reflected in the financial score alone. Nonetheless, The Gvtc Foundation Inc appears to operate with a high degree of accountability and is positioned well for fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Gvtc Foundation Inc legitimate?
The Gvtc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gvtc 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:
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For more financial information, click here
Official website here: www.gvtcfoundation.com
What is the mission statement of The Gvtc Foundation Inc?
The Gvtc Foundation Inc's mission is to significantly improve the quality of life in the communities it serves. This is achieved through charitable contributions and volunteer service, with a focus on supporting programs, non-profit organizations, and educational pursuits. The foundation's primary goal is to empower local communities by distributing funds to enrich, maintain, and expand necessary programs for charitable activities. In practice, this involves backing over 80 community organizations and activities, and in 2022, it also awarded three scholarships.
Official website here: www.gvtcfoundation.com
Who is the CEO of The Gvtc Foundation Inc?
Freddy Wolff is the President of The Gvtc Foundation Inc.
Official website here: www.gvtcfoundation.com
What is the revenue of The Gvtc Foundation Inc?
The Gvtc Foundation Inc's revenue in 2022 was $1,088,059.
Official website here: www.gvtcfoundation.com
Who are the executives of The Gvtc Foundation Inc and what are their salaries?
There 135 volunteers at The Gvtc Foundation Inc.
Here are 12 key members and their salaries:
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Official website here: www.gvtcfoundation.com
Where can I find the form 990 for The Gvtc Foundation Inc?
The Gvtc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gvtcfoundation.com
Learn more at the official website: www.gvtcfoundation.com
Mission Statement of The Gvtc Foundation Inc
The Gvtc Foundation Inc, a charitable organization, is committed to enhancing the quality of life in the communities it serves. It accomplishes this mission by generously contributing funds and volunteering time to support programs, non-profit organizations, and educational pursuits that align with its goals. The Foundation's mission is to empower local communities by identifying and distributing resources to enrich, maintain, and expand programs needed for charitable activities. By doing so, The Gvtc Foundation Inc plays a pivotal role in strengthening the fabric of the communities it serves, addressing various needs, and fostering growth and development. In 2022, the Foundation showcased its commitment by awarding three scholarships, further underscoring its dedication to nurturing and uplifting the communities it serves.
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Impact
October, 2024
The Gvtc Foundation Inc profoundly enhances the quality of life in the communities it serves, focusing on charitable contributions and volunteer service. By supporting over 80 local community organizations and activities, it plays a vital role in fostering community development and empowerment.
In 2022 alone, the foundation awarded three scholarships, demonstrating its commitment to educational pursuits and providing opportunities for local residents. Through its efforts, the foundation generates and distributes funds essential for enriching, maintaining, and expanding various programs that support charitable activities and nonprofit organizations. This active involvement not only strengthens community ties but also encourages a spirit of philanthropy and volunteerism among individuals and groups in New Braunfels, TX.
This information is meant to be a general summary of The Gvtc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $84,427
- Gross Receipts: $1,195,583
Assets and Liabilities:
- Total Assets: $2,386,666
- Total Liabilities: $80,464
- Net Assets: $2,306,202
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Organization Details
Founding Year
2006
Phone
(830) 885-8264Principal Officer
Freddy Wolff
Main Address
36101 FM 3159, NEW BRAUNFELS, TX, 781325900
Website
www.gvtcfoundation.comNTEE Category
Code: T30 - Philanthropy
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