Overview
What is Project Gatehouse Endowment?
Project Gatehouse Endowment is a dedicated financial support initiative, established with a long-term vision. Based in Grapevine, Texas, its primary objective is to raise and provide funds exclusively for Project Handup. This nonprofit serves as a steadfast and predictable financial resource for Project Handup, contributing to its ongoing operations and sustainability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 39% (Zero-Star out of Four Star rating)
Project Gatehouse Endowment has received a low rating of 39% from Charity Navigator, primarily due to significant shortcomings in their financial transparency and accountability metrics. While the organization has a fully independent board and maintains some governance policies like conflict of interest and whistleblower policies, it lacks essential financial statements and has not disclosed its financial information adequately.
The organization does have positive aspects, such as a majority independent board and documented board meeting minutes, which indicate a commitment to governance. However, their failure to provide financial statements and relevant documents online raises serious concerns regarding their accountability and financial health. With a program expense ratio of only 35.54%, it suggests that the majority of their funds may not be directed toward programmatic efforts, which is critical for assessing their impact.
Overall, while Project Gatehouse Endowment demonstrates some strengths in governance, the lack of transparency and financial documentation is a major limitation that could hinder donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Project Gatehouse Endowment legitimate?
Project Gatehouse Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Gatehouse Endowment 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 Project Gatehouse Endowment?
The Project Gatehouse Endowment's mission is to serve as a long-term financial support system for ProjectHandup. Its primary objective is to provide a stable and predictable source of funds for ProjectHandup. In essence, Project Gatehouse Endowment's role is purely to raise and distribute funds for the benefit of ProjectHandup. This financial assistance aims to contribute positively to ProjectHandup's ongoing operations and initiatives.
Who is the CEO of Project Gatehouse Endowment?
Matthew K Rose is the Director of Project Gatehouse Endowment.
What is the revenue of Project Gatehouse Endowment?
Project Gatehouse Endowment's revenue in 2022 was $3,536,290.
Who are the executives of Project Gatehouse Endowment and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Project Gatehouse Endowment?
Project Gatehouse Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Gatehouse Endowment
Project Gatehouse Endowment is a long-term initiative with the primary goal of raising and providing financial support for ProjectHandup. This organization serves as a reliable and predictable source of funds for ProjectHandup, ensuring its continued operation and support. The mission of Project Gatehouse Endowment is to contribute financially to ProjectHandup's cause, providing stability and reliability in funding for the benefit of those it serves.
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Impact
July, 2024
Project Gatehouse Endowment's impact lies in its unwavering commitment to providing essential financial support to Project HandUp. By operating solely to raise and provide funds for this initiative, Gatehouse Endowment plays a crucial role in ensuring the stability and sustainability of Project HandUp's activities in Grapevine, TX. This support allows Project HandUp to focus on its mission of providing vital human services to those in need, making a direct and tangible difference in the community. Through its long-term endowment structure, Project Gatehouse Endowment serves as a reliable source of funding, enabling Project HandUp to plan and execute its programs effectively, ultimately leading to a positive impact on the lives of individuals served by the organization.
This information is meant to be a general summary of Project Gatehouse Endowment. 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: $2,629,098
- Gross Receipts: $19,283,530
Assets and Liabilities:
- Total Assets: $72,542,595
- Total Liabilities: $0
- Net Assets: $72,542,595
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Organization Details
Founding Year
2013
Principal Officer
Matthew K Rose
Main Address
670 WESTPORT PARKWAY, GRAPEVINE, TX, 76051
NTEE Category
Code: P99 - Human services
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