Overview
What is The Group 31 Foundation?
The Group 31 Foundation is a nonprofit organization situated in Whitmore Lake, Michigan. Its primary mission is to extend resources to eligible charitable organizations and grant scholarships to deserving students. By providing these resources, the foundation aims to contribute positively to various sectors and support the educational aspirations of qualified individuals. The foundation's activities and mission are focused on these two main objectives, fostering a spirit of giving and support within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Group 31 Foundation has received a rating of 67%, which corresponds to a Two-Star rating. This score indicates that while the organization meets some accountability and financial standards, there are significant areas that require improvement, particularly in governance practices such as board independence and transparency.
One of the foundation's strengths is its impressive program expense ratio of 98.40%, suggesting that a large portion of its resources is allocated to its programs rather than administrative costs. Additionally, the foundation has a good record in terms of material diversion of assets and maintains proper documentation of board meeting minutes, which reflects a level of operational integrity.
However, notable limitations include the lack of an independent board majority, and the absence of key policies such as a conflict of interest policy and the posting of financial documents on their website. These gaps in governance and transparency could raise concerns for potential donors regarding the organization's accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Group 31 Foundation legitimate?
The Group 31 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Group 31 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
For more financial information, click here
What is the mission statement of The Group 31 Foundation?
The Group 31 Foundation is committed to providing resources to eligible charities and offering scholarships to deserving students. Its mission is geared towards supporting charitable organizations and aiding academically promising individuals financially. The foundation serves as a vital source of assistance for these organizations and students, contributing to various community initiatives and higher education opportunities. By providing resources and scholarships, The Group 31 Foundation aims to contribute positively to the communities it serves and foster educational growth.
Who is the CEO of The Group 31 Foundation?
Edward L Kuhns is the President of The Group 31 Foundation.
What is the revenue of The Group 31 Foundation?
The Group 31 Foundation's revenue in 2020 was $24,976.
Who are the executives of The Group 31 Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Group 31 Foundation?
The Group 31 Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of The Group 31 Foundation
The Group 31 Foundation is dedicated to providing assistance in two primary areas. Firstly, it extends resources to eligible charitable organizations. By doing so, the foundation aims to support the noble causes and initiatives undertaken by these charities. Secondly, The Group 31 Foundation offers scholarships to qualified students. This financial aid allows deserving individuals to pursue their education, potentially opening up opportunities for personal growth and future contributions to society. In essence, the mission of The Group 31 Foundation is to empower both charitable organizations and promising students, contributing to the betterment of communities and the next generation.
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Impact
August, 2024
The Group 31 Foundation's impact lies in providing resources to qualifying charities and granting scholarships to deserving students. Through its mission to support philanthropic causes and educational pursuits, the foundation plays a crucial role in empowering organizations and individuals to make a positive difference in their communities. This impact extends beyond financial assistance, as it also fosters a culture of giving back and supporting those in need.
This information is meant to be a general summary of The Group 31 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 2020.
- Gross Receipts: $24,976
Assets and Liabilities:
- Total Assets: $8,521
- Total Liabilities: $0
- Net Assets: $8,521
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Organization Details
Founding Year
2011
Principal Officer
Edward L Kuhns
Main Address
4174 LORI LYNN LN, Whitmore Lake, MI, 48189
NTEE Category
Code: T20 - Philanthropy
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