Overview
What is Georgia Tax Credit Scholarship Prog?
The Georgia Tax Credit Scholarship Program is a nonprofit initiative, situated in Atlanta, Georgia, aimed at ensuring equitable education opportunities for economically disadvantaged children in grades K-12. By providing this scholarship program, the organization enables parents to make informed decisions about their children's education, offering them a choice beyond their current circumstances.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Georgia Tax Credit Scholarship Program has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 63%. This rating indicates that while the organization demonstrates some strengths, there are significant areas needing improvement, particularly in its accountability and financial practices.
One of the strengths noted is the organization’s 100% independent board members, indicating a commitment to governance. Additionally, the program expense ratio is high at 88.58%, suggesting that a substantial portion of funds is directed towards its charitable programs rather than administrative costs. However, several critical policies are missing, including a conflict of interest policy, a whistleblower policy, and proper documentation practices, which have negatively impacted the organization's accountability score.
Limitations in transparency are also highlighted by the absence of the nonprofit's website on tax forms and missing tax forms on the organization’s website. These deficiencies, combined with the low score on independent board size, suggest that while the organization may be effectively using funds for its programs, it needs to enhance its governance and transparency to build trust and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Tax Credit Scholarship Prog legitimate?
Georgia Tax Credit Scholarship Prog is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tax Credit Scholarship Prog 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: $175,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Georgia Tax Credit Scholarship Prog?
The Georgia Tax Credit Scholarship Program's mission is to ensure that every child from grades K-12 has access to quality education. It aims to provide economically disadvantaged parents with the opportunity to choose the educational setup that best fits their child's needs. This program strives to level the playing field, making quality education accessible to all, regardless of financial circumstances. By providing this opportunity, the program empowers parents to make informed decisions about their children's education.
Who is the CEO of Georgia Tax Credit Scholarship Prog?
Eric Pankey is the Cfo of Georgia Tax Credit Scholarship Prog.
What is the revenue of Georgia Tax Credit Scholarship Prog?
Georgia Tax Credit Scholarship Prog's revenue in 2022 was $1,002,500.
Who are the executives of Georgia Tax Credit Scholarship Prog and what are their salaries?
There is 1 key member and their salary:
- Compensation: $175,000
- Related: $0
- Other: $0
Where can I find the form 990 for Georgia Tax Credit Scholarship Prog?
Georgia Tax Credit Scholarship Prog's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Georgia Tax Credit Scholarship Prog
The Georgia Tax Credit Scholarship Program is committed to ensuring that every child in grades K-12 has the opportunity to receive a quality education. By providing economically disadvantaged parents with a choice, this program aims to level the playing field and offer equal educational opportunities for all children. The mission of the Georgia Tax Credit Scholarship Program is to empower families by offering them the chance to select schools that best cater to their children's needs and potential. This proactive approach to education empowers children to reach their full potential and ultimately pave a brighter future for themselves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Georgia Tax Credit Scholarship Program significantly impacts K-12 education by providing economically disadvantaged families with the financial means to choose quality educational options for their children. This program enables parents to access scholarships that facilitate enrollment in private schools, enhancing their children’s educational opportunities beyond what might be available in their local public schools. By empowering these families, the program promotes educational equity and fosters an environment where every child has the chance to succeed academically. As a result, it contributes to a broader effort to improve overall educational outcomes and ensure that all children, regardless of their socioeconomic background, can thrive in a supportive learning environment.
This information is meant to be a general summary of Georgia Tax Credit Scholarship Prog. 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.
- Gross Receipts: $1,002,500
Assets and Liabilities:
- Total Assets: $1,158,493
- Total Liabilities: $645,239
- Net Assets: $513,254
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(404) 617-6874Principal Officer
Eric Pankey
Main Address
1075 PEACHTREE ST NE STE 3650, ATLANTA, GA, 30309
NTEE Category
Code: B82 - Education
If you are a representative of Georgia Tax Credit Scholarship Prog and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.