Overview
What is Golden Tornado Scholastic Foundation Inc?
The Golden Tornado Scholastic Foundation Inc, situated in Butler, Pennsylvania, serves as a nonprofit organization dedicated to supporting the Butler Area School District's students. Through various fundraisers and the 'Buck Starts Here Campaign,' they raise funds for student scholarships. Additionally, the foundation offers creative teaching grants, allowing staff members to create innovative and advantageous programs for their students. These initiatives are crucial in enriching the educational experience of the students within the district. The Golden Tornado Scholastic Foundation also advocates for endowments to the Pittsburgh Foundation, contributing to the growth of scholarships and educational grants.
Official website here: www.goldentornadoscholasticfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Golden Tornado Scholastic Foundation Inc has received a Three-Star rating, indicating a solid performance in accountability and finance. The charity achieved a high score in several areas, with perfect marks for its independent board composition and the absence of material diversion of assets. Additionally, their program expense ratio is strong, suggesting that a significant portion of their funding is directed towards their mission.
Despite these strengths, the organization falls short in certain governance practices, notably lacking a conflict of interest policy, a whistleblower policy, and a document retention policy. This has affected their overall beacon score, as these areas are crucial for transparency and ethical oversight. Furthermore, while the foundation has documented board meeting minutes, other documentation like the tax form is not posted on their website, which could limit public accessibility to important financial information.
Overall, while the foundation demonstrates strong financial health and a commitment to its programs, addressing the gaps in governance policies could enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Tornado Scholastic Foundation Inc legitimate?
Golden Tornado Scholastic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Tornado Scholastic 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.goldentornadoscholasticfoundation.org
What is the mission statement of Golden Tornado Scholastic Foundation Inc?
The Golden Tornado Scholastic Foundation is a non-profit organization with a mission to aid students in the Butler Area School District. They strive to establish endowments at the Pittsburgh Foundation, providing funds for scholarships and innovative teaching grants. The foundation raises funds through various events and initiatives, such as the Buck Starts Here Campaign, which allows employees to contribute through payroll deductions. The scholarships and teaching grants support students by offering financial aid and enabling educators to develop creative educational programs.
Official website here: www.goldentornadoscholasticfoundation.org
Who is the CEO of Golden Tornado Scholastic Foundation Inc?
Dr Carrie Morgan-Davis is the President of Golden Tornado Scholastic Foundation Inc.
Official website here: www.goldentornadoscholasticfoundation.org
What is the revenue of Golden Tornado Scholastic Foundation Inc?
Golden Tornado Scholastic Foundation Inc's revenue in 2022 was $464,932.
Official website here: www.goldentornadoscholasticfoundation.org
Who are the executives of Golden Tornado Scholastic Foundation Inc and what are their salaries?
There 33 volunteers at Golden Tornado Scholastic Foundation Inc.
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Official website here: www.goldentornadoscholasticfoundation.org
Where can I find the form 990 for Golden Tornado Scholastic Foundation Inc?
Golden Tornado Scholastic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goldentornadoscholasticfoundation.org
Learn more at the official website: www.goldentornadoscholasticfoundation.org
Mission Statement of Golden Tornado Scholastic Foundation Inc
The Golden Tornado Scholastic Foundation is a non-profit organization with a mission to aid the students of the Butler Area School District. This mission is primarily achieved through two key initiatives. Firstly, the foundation encourages the establishment of endowments at the Pittsburgh Foundation, which in turn fund scholarships for deserving students. Secondly, the foundation organizes various fundraising events throughout the year to generate funds for these scholarships and for creative teaching grants. These grants enable staff members within the school district to develop innovative and beneficial programs for their students. Funds for these scholarships and teaching grants are sourced from the fundraisers as well as the 'Buck Starts Here' Campaign, where employees can contribute through payroll deductions.
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Impact
July, 2024
The Golden Tornado Scholastic Foundation Inc's impact is evident through its dedication to supporting the students of the Butler Area School District. By providing student scholarships and creative teaching grants, the foundation helps enhance educational opportunities and experiences for both students and staff members. Through various fundraisers and campaigns, such as the Buck Starts Here Campaign, the foundation raises funds to support scholarships and innovative teaching initiatives, ultimately contributing to the academic success and growth of the students within the district. The foundation's mission to encourage endowments for scholarships and creative teaching grants demonstrates its commitment to fostering a supportive and enriching educational environment for all involved.
This information is meant to be a general summary of Golden Tornado Scholastic 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: $15,215
- Program Service Revenue: $86,979
- Gross Receipts: $464,932
Assets and Liabilities:
- Total Assets: $3,227,009
- Total Liabilities: $38,490
- Net Assets: $3,188,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Brick revenue
Revenue
$1,110
FAB showcase
Revenue
$41,658
Naming rights
Revenue
$16,000
Tuff tornado run
Revenue
$28,211
Organization Details
Founding Year
1991
Phone
(724) 287-8721Principal Officer
Dr Carrie Morgan-Davis
Main Address
110 Campus Lane, Butler, PA, 16001
NTEE Category
Code: B82 - Education
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