Overview
What is Gw Foundation Inc?
Gw Foundation Inc, based in Chicago, Illinois, is a national non-profit organization with a mission to combat substance abuse and co-occurring mental health issues. The foundation manages the investments, debts, and properties of several related organizations, which are 501(c)(3) entities providing drug and alcohol prevention and rehabilitation services through various residential and outpatient programs and facilities. This philanthropic body is dedicated to reducing the prevalence of these issues through efficient and effective treatment programs.
Official website here: www.recovergateway.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Gw Foundation Inc demonstrates a solid commitment to accountability and financial management, reflected in its 81% score from Charity Navigator. This rating is based entirely on the organization's strong performance in Accountability & Finance metrics, indicating a well-managed financial operation. The absence of material asset diversion and a complete set of financial policies, including a conflict of interest policy and a whistleblower policy, highlights its commitment to transparency and ethical governance.
The foundation's financial health is further illustrated by an impressive program expense ratio of 89.62%, suggesting that a significant portion of its resources is directed towards its mission-driven programs. Additionally, the organization has established comprehensive oversight mechanisms, with full points awarded for audit and oversight committee practices. The low liabilities to assets ratio of 0.09% also indicates a strong financial position, ensuring stability in its operations.
While the ratings indicate a robust performance in financial accountability, potential donors and stakeholders may want to consider the overall impact of the foundation's programs and initiatives, as this assessment focuses primarily on financial metrics. Overall, Gw Foundation Inc appears to be a responsible choice for those looking to support a nonprofit with strong financial governance.
This AI summary has been generated from information found on Charity Navigator.
Is Gw Foundation Inc legitimate?
Gw Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gw 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,176
For more financial information, click here
Official website here: www.recovergateway.org
What is the mission statement of Gw Foundation Inc?
The Gw Foundation Inc, a national non-profit organization, is dedicated to addressing substance abuse and co-occurring mental health issues. Their mission is to provide effective and efficient treatment programs to combat these challenges. By holding the investments and properties of its related organizations, which are tax-exempt and offer drug and alcohol prevention, as well as rehabilitation services through residential and outpatient programs and facilities, the foundation aims to make a significant impact in reducing these issues nationwide.
Official website here: www.recovergateway.org
Who is the CEO of Gw Foundation Inc?
Jeremy Klemanski is the Principal Officer of Gw Foundation Inc. The CEO's salary of Gw Foundation Inc is $0 and their total compensation is $309,379.
Official website here: www.recovergateway.org
What is the revenue of Gw Foundation Inc?
Gw Foundation Inc's revenue in 2022 was $9,714,845.
Official website here: www.recovergateway.org
Who are the executives of Gw Foundation Inc and what are their salaries?
Here are 4 key members and their salaries (Gw Foundation Inc's CEO's salary is $0 and their total compensation is $309,379):
- Compensation: $0
- Related: $669,548
- Other: $44,967
- Compensation: $0
- Related: $321,899
- Other: $32,011
- Compensation: $0
- Related: $291,047
- Other: $18,332
- Compensation: $0
- Related: $280,556
- Other: $19,547
Official website here: www.recovergateway.org
Where can I find the form 990 for Gw Foundation Inc?
Gw Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.recovergateway.org
Learn more at the official website: www.recovergateway.org
Mission Statement of Gw Foundation Inc
G.W. Foundation, Inc. is a dedicated national non-profit organization, striving to make a significant impact by addressing substance abuse and co-occurring mental health issues. Their mission is centered around reducing these problems through the implementation of effective and efficient treatment programs. By doing so, they aim to create a positive change in individuals' lives, offering hope and a path towards recovery. The organization's work extends to various related entities, all of which are 501(c)(3) organizations, providing a range of drug and alcohol prevention and rehabilitation services through residential and outpatient programs and facilities. These programs are designed to offer a comprehensive approach to treatment, ensuring that those in need receive the care and support they require on their journey towards recovery.
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Impact
June, 2024
G.W. Foundation Inc has a significant impact on reducing substance abuse and co-occurring mental health problems through its effective and efficient treatment programs. This national non-profit organization in Chicago, IL, holds the investments, indebtedness, and property of tax-exempt related organizations that provide drug and alcohol prevention and rehabilitation services. By focusing on these crucial areas, G.W. Foundation Inc plays a vital role in improving the lives of individuals struggling with addiction and mental health issues, ultimately contributing to healthier communities.
This information is meant to be a general summary of Gw 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: $3,899,875
- Program Service Revenue: $5,814,970
- Gross Receipts: $57,143,801
Assets and Liabilities:
- Total Assets: $100,882,389
- Total Liabilities: $3,188,760
- Net Assets: $97,693,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service/Rental Income
Revenue
$5,814,970
Organization Details
Founding Year
1970
Phone
(312) 663-1130Principal Officer
Jeremy Klemanski
Main Address
55 East Jackson Blvd 1500, Chicago, IL, 60604
Website
www.recovergateway.orgNTEE Category
Code: F120 - Mental health
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