Overview
What is Gratitude Foundation Inc?
Gratitude Foundation Inc, based in Prescott Valley, Arizona, is a nonprofit organization that provides essential support to 501-C-3 entities in West Yavapai County. These organizations cater to women and children who require assistance due to various challenges such as domestic violence, sexual assault, substance abuse recovery, and homelessness. The Foundation leases out buildings at below-market rates, enabling these nonprofits to operate centers offering counseling, employment, housing, transportation services, and thrift stores that generate funds for their causes. Notably, the Step One Community Center operates from these facilities, providing advocacy, therapy, job training, and placement services. Gratitude Foundation Inc plays a vital role in empowering these organizations to effectively serve those in need within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
Gratitude Foundation Inc has achieved a strong overall score of 92%, reflecting its commitment to high standards of accountability and finance. This rating is particularly notable as it is derived entirely from the Accountability & Finance beacon, which indicates that the foundation prioritizes transparency and responsible financial management.
The organization excels in several key areas, including maintaining a fully independent board, with eight independent members contributing to its governance. Additionally, it has a robust financial structure, evidenced by a high program expense ratio of 99.22%, demonstrating that the vast majority of its funds are directed towards its programs. The presence of comprehensive policies, such as those addressing conflicts of interest and whistleblower protections, further showcases its dedication to ethical operations.
While the financial liabilities to assets ratio stands at a healthy 52.73%, indicating a manageable level of debt, the organization has received full marks for its financial statements and governance practices. Overall, Gratitude Foundation Inc's strong performance in accountability and finance positions it as a trustworthy nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Gratitude Foundation Inc legitimate?
Gratitude Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gratitude 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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What is the mission statement of Gratitude Foundation Inc?
The Gratitude Foundation Inc's mission is centered around operating and maintaining a community center, offering its facilities at reduced rates to non-profit organizations. These organizations, classified as 501-C-3s, are committed to providing advocacy, therapy, support, and employment and housing assistance to women and children who have been affected by issues such as domestic violence, sexual assault, drug and alcohol recovery, and homelessness. By leasing its buildings and equipment to these organizations, the Gratitude Foundation Inc enables them to deliver essential services in an affordable manner, thereby aiding in their mission to uplift and support these vulnerable individuals.
Who is the CEO of Gratitude Foundation Inc?
Robin C Burke is the President of Gratitude Foundation Inc.
What is the revenue of Gratitude Foundation Inc?
Gratitude Foundation Inc's revenue in 2022 was $647,374.
Who are the executives of Gratitude Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Gratitude Foundation Inc?
Gratitude Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gratitude Foundation Inc
Gratitude Foundation Inc is committed to supporting non-profit organizations that provide advocacy, therapy, employment, housing, and other essential services to women and children who have been victimized by domestic violence, sexual assault, or are recovering from drug and alcohol addiction. The foundation's mission is to lease buildings and equipment to these organizations at significantly reduced rates, enabling them to offer their services at affordable prices. By doing so, Gratitude Foundation Inc allows these organizations to focus on their primary mission of assisting women and children in need, rather than being burdened by the high costs of maintaining facilities.
The Step One Community Center, operated by Gratitude Foundation Inc, serves as a hub for these organizations. Located within these facilities, they provide a range of services including counseling, employment assistance, housing support, and transportation. Additionally, Thrift Stores operated by these agencies raise funds to support their operations. This collaborative approach allows Gratitude Foundation Inc to contribute to the wellbeing of these vulnerable individuals, empowering them to rebuild their lives and overcome the challenges they face.
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Impact
July, 2024
Gratitude Foundation Inc's impact includes providing crucial support and resources to victimized recovering women and children in West Yavapai County. By leasing buildings and equipment to 501c3 organizations that offer advocacy, therapy, job training, and housing services, the foundation enables these nonprofits to assist individuals affected by domestic violence, sexual assault, drug/alcohol recovery, and homelessness. Through its operations at Step One Community Center, Gratitude Foundation Inc plays a vital role in addressing the needs of vulnerable populations in the community, offering services such as counseling, employment support, housing assistance, and access to necessary resources. This nonprofit's mission of empowering women and children through various forms of assistance underscores its commitment to fostering positive change and providing a safe haven for those in need.
This information is meant to be a general summary of Gratitude 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.
- Program Service Revenue: $400,818
- Gross Receipts: $647,374
Assets and Liabilities:
- Total Assets: $3,836,886
- Total Liabilities: $2,023,470
- Net Assets: $1,813,416
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
501c3 Operating Space/Multi Tenant Center
Revenue
$114,744
501c3 DV/SA residential program leases
Revenue
$36,474
501c3 Social Enterprise lease space
Revenue
$249,600
Organization Details
Founding Year
2009
Phone
(928) 772-4184Principal Officer
Robin C Burke
Main Address
2651 N Industrial Way APT Suite A, Prescott Valley, AZ, 86314
NTEE Category
Code: P20 - Human services
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