Overview
What is Gruver Farm Scholarship Foundation?
The Gruver Farm Scholarship Foundation, located at 601 Garrett Ave, Gruver, TX 79040, is a nonprofit organization dedicated to supporting students from Gruver High School. Their mission is to provide financial aid through scholarships, aiming to ease the financial burden of further education for these students. The foundation operates independently, with specific focus on the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 67%)
The Gruver Farm Scholarship Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in accountability and financial transparency. With an overall score of 67%, the foundation demonstrates strengths in areas such as having a fully independent board and a strong program expense ratio, with 98.13% of expenses directed towards its programs.
However, the foundation faces significant challenges in its financial reporting practices. There are no financial statements available, and the lack of critical policies such as conflict of interest and whistleblower protections raises concerns about governance and oversight. Additionally, the absence of its website listed on the tax form and missing tax documents on the nonprofit's website further detracts from its accountability.
While the foundation has managed its assets well, with a liabilities to assets ratio of 0.00%, the missing documentation and policies suggest that there is room for substantial improvement in financial transparency and operational protocols. Addressing these weaknesses may help the foundation enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Gruver Farm Scholarship Foundation legitimate?
Gruver Farm Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gruver Farm Scholarship 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
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What is the mission statement of Gruver Farm Scholarship Foundation?
The Gruver Farm Scholarship Foundation's primary objective is to extend financial aid to students attending Gruver High School. The organization's mission is centered around this goal, aiming to support the educational aspirations of its local student population. The foundation does not provide further details about the specific criteria for awarding scholarships or the number of scholarships distributed annually. However, it is clear that the main focus of the Gruver Farm Scholarship Foundation is to assist students in pursuing their educational journey.
Who is the CEO of Gruver Farm Scholarship Foundation?
Chad Logston is the Vice Preside of Gruver Farm Scholarship Foundation.
What is the revenue of Gruver Farm Scholarship Foundation?
Gruver Farm Scholarship Foundation's revenue in 2022 was $745,000.
Who are the executives of Gruver Farm Scholarship Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gruver Farm Scholarship Foundation?
Gruver Farm Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gruver Farm Scholarship Foundation
The Gruver Farm Scholarship Foundation, as its mission states, is committed to providing scholarships for students attending Gruver High School. This nonprofit organization's primary aim is to support the educational aspirations of its local community's young learners by offering financial aid. By doing so, the foundation plays a significant role in enabling these students to pursue their academic goals and potentially shape their futures.
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Impact
July, 2024
The impact of the Gruver Farm Scholarship Foundation is profound, as it provides crucial financial assistance to students of Gruver High School. By awarding scholarships, the foundation helps alleviate the burden of educational costs, enabling students to pursue their academic goals and aspirations without being hindered by financial constraints. This support not only empowers individual students but also enriches the local community by fostering educational attainment and future opportunities for its youth.
This information is meant to be a general summary of Gruver Farm Scholarship 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 2022.
- Investment Income: $167,765
- Program Service Revenue: $574,963
- Gross Receipts: $745,000
Assets and Liabilities:
- Total Assets: $2,097,249
- Total Liabilities: $0
- Net Assets: $2,097,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
USA FEEDYARD
Revenue
$566,878
X CROSS X LTD
Revenue
$8,085
Organization Details
Principal Officer
Chad Logston
Main Address
601 GARRETT AVE, GRUVER, TX, 79040
NTEE Category
Code: B82 - Education
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