Overview
What is Gainesville Isd Education Foundation Inc?
Gainesville Isd Education Foundation Inc, based in Gainesville, Texas, serves as a nonprofit organization committed to enhancing educational opportunities within the Gainesville Independent School District (GISD). By providing additional funding for programs and activities that may not be fully financed through the district's regular budget, the foundation plays a vital role in supplementing the educational experience for both students and staff members. The foundation's primary mission is to support and enrich the educational environment within GISD, contributing to the overall growth and success of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)
The Gainesville ISD Education Foundation Inc has been rated as needing improvement, reflecting a solid accountability and finance score of 100%. The organization demonstrates strong governance with a fully independent board and a favorable liabilities to assets ratio of 0.00%. Additionally, the foundation has achieved a perfect program expense ratio, indicating that it effectively allocates its resources towards its mission.
However, there are notable shortcomings in the foundation's transparency and governance policies. The organization lacks essential documentation, such as its tax form, conflict of interest policy, whistleblower policy, and document retention and destruction policy. Furthermore, there is no record of board meeting minutes, which raises concerns about its operational transparency.
In summary, while the Gainesville ISD Education Foundation Inc showcases strong financial management and governance, significant gaps in policy documentation and transparency practices suggest areas for improvement. Addressing these issues could enhance the organization’s overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Gainesville Isd Education Foundation Inc legitimate?
Gainesville Isd Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gainesville Isd Education 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.
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What is the mission statement of Gainesville Isd Education Foundation Inc?
The Gainesville ISD Education Foundation Inc's mission is centered around supporting educational programs for both the students and staff within its purview. This support extends to funding initiatives that have not been adequately covered by the regular GISD budget or those that have been underfunded. The primary objective of the Foundation is to enhance the educational experiences and opportunities for its beneficiaries. It aims to fill in the financial gaps, thereby fostering a conducive learning environment for all.
Who is the CEO of Gainesville Isd Education Foundation Inc?
Penni Edington is the President of Gainesville Isd Education Foundation Inc.
What is the revenue of Gainesville Isd Education Foundation Inc?
Gainesville Isd Education Foundation Inc's revenue in 2022 was $57,336.
Who are the executives of Gainesville Isd Education Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Gainesville Isd Education Foundation Inc?
Gainesville Isd Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gainesville Isd Education Foundation Inc
Gainesville ISD Education Foundation Inc is committed to a mission that focuses on bolstering educational programs for both the students and staff within the Gainesville Independent School District. This nonprofit organization undertakes initiatives to provide financial support for educational programs and activities that may not have been adequately funded or have been underfunded in the regular operating budget of GISD. By doing so, the foundation aims to contribute to the overall educational experience and development of the district's students and staff.
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Impact
August, 2024
The impact of Gainesville ISD Education Foundation Inc is evident in its support of educational programs for both students and staff of GISD. By providing funds for programs and activities that may not have been financed adequately through the regular operating budget, the foundation is helping to enhance the overall educational experience within the district. Through their mission to support educational initiatives, the foundation is making a significant contribution to the academic development and success of the GISD community.
This information is meant to be a general summary of Gainesville Isd Education 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: $38,325
- Gross Receipts: $217,916
Assets and Liabilities:
- Total Assets: $718,091
- Total Liabilities: $0
- Net Assets: $718,091
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Organization Details
Phone
(940) 665-1711Principal Officer
Penni Edington
Main Address
C/O TRUST DEPT - PO BOX 10, GAINESVILLE, TX, 76241
NTEE Category
Code: B99 - Education
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