Overview
What is The Gratitude Initiative?
The Gratitude Initiative is a nonprofit established in 2013, located in Red Oak, Texas. Its mission is to express gratitude towards military service members and law enforcement officers by supporting their children's educational journeys. The organization offers its College Success Academy Program, a comprehensive service that provides career and college counseling, SAT/ACT preparation, and financial aid advice at no cost. This program has shown remarkable results, with 99% of students gaining acceptance into their top two college choices and receiving an average financial aid award of $23,587 per year. The Gratitude Initiative aims to reduce stress and improve focus for students, address educational challenges caused by frequent moves, and create a positive impact on the entire family. This initiative has played a significant role in helping many first-generation college students achieve their academic goals.
Official website here: www.gratitudeinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star Rating
The Gratitude Initiative has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has not demonstrated a majority of independent board members, which raises questions about governance and oversight. Additionally, the lack of financial statements and various missing policies such as conflict of interest and whistleblower policies further contribute to its poor score.
Despite the shortcomings in governance, The Gratitude Initiative shows a strong commitment to its program expenses, with a program expense ratio of 92.61%. This suggests that most of its funds are directed towards its mission-related activities rather than administrative costs. However, the absence of transparency in financial reporting and governance policies could hinder trust and support from potential donors.
Overall, while The Gratitude Initiative appears to prioritize its programs effectively, the serious deficiencies in board independence, policy documentation, and financial transparency highlight the need for improvement in its operational practices. Addressing these issues could enhance its standing and credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Gratitude Initiative legitimate?
The Gratitude Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gratitude Initiative 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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Official website here: www.gratitudeinitiative.org
What is the mission statement of The Gratitude Initiative?
The Gratitude Initiative, established in 2013, honors the service and sacrifice of military and law enforcement families by providing educational programs and scholarships to help their children excel in college, career, and life. Their mission is to alleviate the stress associated with college planning, offering comprehensive career and college counseling, SAT/ACT preparation, and financial aid guidance at no cost to the families they serve. The initiative aims to provide stability during frequent moves, impacting the entire family and creating a legacy through college degree attainment. Their College Success Academy program has shown remarkable results, with nearly all students being accepted into their top two college choices, and an average financial award of $23,587 per year. The Gratitude Initiative is unique as the only nonprofit providing such extensive college and career preparation services for the children of military and law enforcement personnel.
Official website here: www.gratitudeinitiative.org
Who is the CEO of The Gratitude Initiative?
James P Moon is the Secretary of The Gratitude Initiative.
Official website here: www.gratitudeinitiative.org
What is the revenue of The Gratitude Initiative?
The Gratitude Initiative's revenue in 2022 was $626,503.
Official website here: www.gratitudeinitiative.org
Who are the executives of The Gratitude Initiative and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.gratitudeinitiative.org
Where can I find the form 990 for The Gratitude Initiative?
The Gratitude Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gratitudeinitiative.org
Learn more at the official website: www.gratitudeinitiative.org
Mission Statement of The Gratitude Initiative
The Gratitude Initiative, established in 2013, is a nonprofit organization dedicated to honoring the service and sacrifice of military and law enforcement families. It achieves this by offering essential education programs and scholarships to help their children excel in college, career, and life. The organization's mission is centered around expressing gratitude to the brave men and women who put their lives on the line for their communities and nations. By providing comprehensive college and career counseling, SAT/ACT preparation, and financial aid counseling at no cost, Gratitude Initiative aims to pave the way for these young heroes to pursue higher education and build successful futures.
The organization's College Success Academy Program has demonstrated remarkable results over the past six years. With a 99% acceptance rate into top-choice colleges and an average financial aid award of $23,587 per year, Gratitude Initiative has significantly boosted college access and degree attainment for these families. The program serves as a vital resource, removing stress related to college planning, bringing stability during frequent moves, and impacting the entire family by reducing stress and saving time and money. Gratitude Initiative's mission is a testament to its commitment to honoring the sacrifices made by military and law enforcement families, and to empowering their children to create a positive legacy within their communities.
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Impact
July, 2024
The Gratitude Initiative's impact is significant as it provides essential education programs and scholarships to support the children of military and law enforcement families in their journey towards college and successful careers. By offering comprehensive career and college counseling, SAT/ACT prep, and financial aid counseling at no cost to the families, the organization is increasing college access and degree attainment for these deserving young individuals. The results speak for themselves, with a 99% acceptance rate into top colleges, an average financial award of $23,587 per year, and 100% of students reporting reduced stress and improved focus on their high school classes thanks to the program. The Gratitude Initiative's College Success Academy not only impacts the students themselves but also brings stability to families facing frequent moves, reduces stress and saves time and money for the entire family, and creates a lasting legacy through the transformative power of a college degree.
This information is meant to be a general summary of The Gratitude Initiative. 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: $626,503
Assets and Liabilities:
- Total Assets: $680,554
- Total Liabilities: $0
- Net Assets: $680,554
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Organization Details
Founding Year
2013
Principal Officer
James P Moon
Main Address
101 VINTAGE DR STE 100, RED OAK, TX, 75154
Website
www.gratitudeinitiative.orgNTEE Category
Code: B82 - Education
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