Overview
What is Gecu Foundation?
The Gecu Foundation, a philanthropic arm of Gecu, is a nonprofit organization located in El Paso, Texas. Its mission is to support charitable causes that align with Gecu's mission and goals, focusing on various community development issues. The foundation primarily aims to elevate the El Paso community and the credit union movement through strategic fundraising and charitable giving. In 2022, the foundation experienced a significant increase in its funding, resulting in a record number of charitable donations. The foundation's core focus is on supporting nonprofit organizations and accredited educational institutions, following Gecu's "People Helping People" philosophy. In practice, this translates to funding community programs, furthering education, providing scholarships, and engaging in various charitable activities. An example of their work is the Mi Comunidad Center, which serves the northeast area and offers a food pantry, school supply giveaways, and other necessary resources, all run by dedicated staff and volunteers.
Official website here: www.gecu.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
The Gecu Foundation has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid score of 81%. This rating is based solely on its Accountability & Finance metrics, which indicate that the organization is well-managed in terms of financial oversight and transparency.
Strengths of the Gecu Foundation include its high level of accountability, evidenced by a fully independent board and no material diversion of assets. The organization also demonstrates strong adherence to best practices with comprehensive policies in place regarding conflicts of interest, whistleblowing, and document retention. Additionally, an impressive program expense ratio of nearly 95% suggests that the majority of its funds are directed towards its charitable programs.
However, while the foundation shows strong financial health and governance, the lack of additional beacons in the rating may limit insights into other areas such as impact and effectiveness. Overall, the Gecu Foundation maintains a commendable standard of accountability, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Gecu Foundation legitimate?
Gecu Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gecu Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.gecu.com/foundation
What is the mission statement of Gecu Foundation?
The Gecu Foundation, serving as the philanthropic arm of Gecu, is committed to supporting charitable causes and elevating communities by focusing on eleven development issues. The foundation operates through strategic fundraising and charitable giving, and in 2022, it increased its funding, leading to a record number of charitable donations. The core focus of the foundation is on supporting nonprofit organizations and accredited educational institutions, aligning with Gecu's "people helping people" philosophy. In 2022, the foundation was able to contribute to various community programs, furthering education, providing charitable donations, promoting volunteering, offering scholarships, and facilitating fundraising events, among other initiatives. For instance, the Mi Comunidad Center, a community resource, has been supported by the foundation, which offers a food pantry, backpack and school supply giveaways, and various other essential resources to families in need.
Official website here: www.gecu.com/foundation
Who is the CEO of Gecu Foundation?
Mac Ruiz is the President of Gecu Foundation.
Official website here: www.gecu.com/foundation
What is the revenue of Gecu Foundation?
Gecu Foundation's revenue in 2022 was $1,003,675.
Official website here: www.gecu.com/foundation
Who are the executives of Gecu Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.gecu.com/foundation
Where can I find the form 990 for Gecu Foundation?
Gecu Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gecu.com/foundation
Learn more at the official website: www.gecu.com/foundation
Mission Statement of Gecu Foundation
The Gecu Foundation, serving as the philanthropic arm of Gecu, is committed to elevating the community and the credit union movement through strategic fundraising and charitable giving. As a mission-driven nonprofit organization, the Gecu Foundation supports various charitable causes, focusing on eleven development issues that impact the community. By adhering to Gecu's "People Helping People" philosophy, the foundation aims to help improve the community in which they reside.
In 2022, the Gecu Foundation demonstrated significant growth, making the largest number of charitable donations in its history. The organization's core focus remains on supporting nonprofit organizations and accredited educational institutions. One of its notable contributions was to Mi Comunidad Center, which serves the northeast area. Run by dedicated staff and volunteers, Mi Comunidad Center offers a food pantry to numerous families, backpack and school supply giveaways, and numerous other essential resources.
By providing financial and volunteer support for various charitable causes and educational institutions, the Gecu Foundation contributes to the betterment of the community. Through strategic fundraising and charitable giving, the foundation helps address numerous development issues and supports those in need.
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Impact
October, 2024
Gecu Foundation significantly enhances the El Paso community through a wide range of impactful initiatives focused on eleven key development issues. By aligning with GECU's mission, the foundation prioritizes charitable causes that uplift and empower local residents. In 2022, the foundation achieved a historic milestone by increasing its funding and distributing the largest number of charitable donations in its history.
Key areas of impact include health assistance, where the foundation funds organizations that provide access to health insurance and quality healthcare services. It actively supports educational programs and accredited institutions, promoting scholarships, volunteerism, and community engagement.
A notable example of the foundation's work is its support for the Mi Comunidad Center in Northeast El Paso. This center, staffed by dedicated volunteers, offers essential resources such as a food pantry, school supplies giveaways, and various community services. Through these efforts, the Gecu Foundation champions the "people helping people" philosophy, working tirelessly to elevate the well-being and quality of life for those in the community.
This information is meant to be a general summary of Gecu Foundation. 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: $1,254
- Gross Receipts: $1,003,775
Assets and Liabilities:
- Total Assets: $259,544
- Total Liabilities: $0
- Net Assets: $259,544
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Organization Details
Founding Year
2007
Phone
(915) 778-9221Principal Officer
Mac Ruiz
Main Address
1225 AIRWAY BLVD, EL PASO, TX, 79925
Website
www.gecu.com/foundationNTEE Category
Code: B11 - Education
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