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Gvec Charitable Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453420216 ✦ Gonzales, TX ✦ Designated as a 501(c)(3)

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Overview

What is Gvec Charitable Foundation?

The Gvec Charitable Foundation, located in Gonzales, Texas, is a nonprofit organization committed to supporting its community. Its primary aim is to provide financial assistance to low-income individuals, helping them manage their utility bills. Additionally, the foundation extends its generosity to local non-profit groups and civic organizations by offering donations to fund projects that contribute to community development and improvement. The Gvec Charitable Foundation served 277 individuals and 20 non-profit organizations and governmental entities in 2022, demonstrating its significant impact within its service area, which is covered by the Guadalape Valley Electric Cooperative.


Official website here: www.gvec.org/community/apply-for-power-up-grant

What do the Facebook reviews say about Gvec Charitable Foundation?

84% of 305 reviewers on Facebook would recommend the Gvec Charitable Foundation. Here’s a summary of their thoughts:

Many contributors praised the efficient service provided by the organization. One standout experience highlighted punctuality and effective problem-solving when addressing an air conditioning issue, with a technician quickly identifying the problem and completing the repair in just half an hour. Reviewers expressed appreciation for the professionalism and competence of the staff, signifying that the foundation consistently meets the expectations of those it serves.

Overall, it seems that the charitable foundation leaves a positive impression on its community, offering reliable and satisfactory services that resonate well with their audience.


This AI summary has been generated from reviews found on Facebook.

Is Gvec Charitable Foundation legitimate?

Gvec Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gvec Charitable 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


Official website here: www.gvec.org/community/apply-for-power-up-grant

What is the mission statement of Gvec Charitable Foundation?

The Gvec Charitable Foundation's mission is centered around providing funding assistance to local non-profit organizations and civic groups for community development and improvement projects. It also extends its support to low-income individuals within its service area, which is associated with the Guadalupé Valley Electric Cooperative. The foundation's purpose is twofold: first, to aid individuals in managing their utility bills, and second, to make donations to various non-profit groups and governmental entities. In 2022, the foundation offered assistance to 277 individuals and 20 non-profit organizations or governmental entities.


Official website here: www.gvec.org/community/apply-for-power-up-grant

Who is the CEO of Gvec Charitable Foundation?

Ceason Barnick is the Vice President of Gvec Charitable Foundation.


Official website here: www.gvec.org/community/apply-for-power-up-grant

What is the revenue of Gvec Charitable Foundation?

Gvec Charitable Foundation's revenue in 2022 was $367,341.


Official website here: www.gvec.org/community/apply-for-power-up-grant

Who are the executives of Gvec Charitable Foundation and what are their salaries?


Here are 3 key members and their salaries:


Sean Alvarez (Vice President)
  • Compensation: $0
  • Related: $469,105
  • Other: $59,000
Gary Korn (President)
  • Compensation: $0
  • Related: $319,404
  • Other: $52,519
Ceason Barnick (Secretary/Treasurer)
  • Compensation: $0
  • Related: $241,288
  • Other: $48,715


Official website here: www.gvec.org/community/apply-for-power-up-grant

Where can I find the form 990 for Gvec Charitable Foundation?

Gvec Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gvec.org/community/apply-for-power-up-grant

Learn more at the official website: www.gvec.org/community/apply-for-power-up-grant

Mission Statement of Gvec Charitable Foundation

The Gvec Charitable Foundation is committed to providing financial aid and assistance to local non-profit groups and civic organizations in their efforts to enhance community development and improvement projects. Moreover, this foundation extends its support to low-income individuals within its service area, Guadalupe Valley Electric Cooperative. The primary mission of Gvec Charitable Foundation is to alleviate the financial burden of utility bills for those in need and to contribute to the community by offering donations to various non-profit organizations and governmental entities. In 2022, a total of 277 individuals and 20 not-for-profit organizations or governmental entities benefited from the support provided by this charitable foundation.

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Impact




October, 2024

Gvec Charitable Foundation plays a significant role in enhancing community well-being and development within the Guadalupe Valley Electric Cooperative service area. By providing funding assistance to local nonprofit groups and civic organizations, the foundation supports a variety of community improvement projects that address pressing needs.

In 2022 alone, the foundation assisted 277 individuals and contributed to 20 nonprofit organizations or governmental entities, showcasing its commitment to helping those in need. The foundation's efforts extend to aiding low-income individuals with utility bills, ensuring that essential services remain accessible.

Through its funding initiatives, Gvec Charitable Foundation fosters community development, promotes housing stability, and strengthens local organizations, ultimately impacting the quality of life for many residents in Gonzales, TX, and surrounding areas.




This information is meant to be a general summary of Gvec Charitable 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.

Revenue
$367,341 (2022)
Expenses
$400,895 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $367,341

Assets and Liabilities:

  • Total Assets: $135,213
  • Total Liabilities: $3,785
  • Net Assets: $131,428

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Organization Details

Founding Year

2011

Principal Officer

Ceason Barnick

Main Address

825 E SARAH DEWITT DRIVE, GONZALES, TX, 78629

NTEE Category

Code: L82 - Housing

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