Overview
What is Gary L Levering Endowment Corporation?
The Gary L Levering Endowment Corporation is a non-profit organization situated in Houston, Texas. Its primary mission is to support RE:Mind, an organization dedicated to mental health, by administering and managing its investments. This partnership aims to fund support groups for individuals living with depression and bipolar disorders, and to educate the public about these disorders. The Endowment Corporation serves as a crucial component in RE:Mind's efforts to provide resources and raise awareness for those affected by these mental health conditions.
Official website here: www.remindsupport.org/endowment
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Gary L Levering Endowment Corporation has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. With an overall score of 60%, the nonprofit demonstrates a strong commitment to governance, evidenced by its fully independent board and comprehensive policy listings. However, there are notable weaknesses, particularly in program expenses, which are reported as 0.00%, suggesting a lack of funding directed towards its programs.
While the organization excels in governance aspects, such as having no material diversion of assets and maintaining a conflict of interest policy, the low program expense ratio raises concerns regarding its operational effectiveness. The high liabilities to assets ratio of 0.02% indicates a solid financial standing; however, the lack of program spending could undermine its mission and outreach capabilities.
Overall, potential donors and stakeholders should consider these factors when evaluating their support for the Gary L Levering Endowment Corporation. The organization demonstrates strong governance practices but must address its program funding to create a more significant impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Gary L Levering Endowment Corporation legitimate?
Gary L Levering Endowment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gary L Levering Endowment Corporation 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.remindsupport.org/endowment
What is the mission statement of Gary L Levering Endowment Corporation?
The Gary L Levering Endowment Corporation serves as a supporting organization for RE:Mind, with a mission to fund support groups for individuals living with or affected by depression and bipolar disorders. Additionally, they aim to educate the public about these disorders. Specifically, they handle the administrative and investment matters for RE:Mind, contributing to the provision of resources and knowledge to those in need.
Official website here: www.remindsupport.org/endowment
Who is the CEO of Gary L Levering Endowment Corporation?
Jennifer Leal is the Director of Gary L Levering Endowment Corporation.
Official website here: www.remindsupport.org/endowment
What is the revenue of Gary L Levering Endowment Corporation?
Gary L Levering Endowment Corporation's revenue in 2022 was $48,098.
Official website here: www.remindsupport.org/endowment
Who are the executives of Gary L Levering Endowment Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.remindsupport.org/endowment
Where can I find the form 990 for Gary L Levering Endowment Corporation?
Gary L Levering Endowment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.remindsupport.org/endowment
Learn more at the official website: www.remindsupport.org/endowment
Mission Statement of Gary L Levering Endowment Corporation
The Gary L Levering Endowment Corporation serves as a supporting organization for Re:Mind, aiming to fund support groups for individuals living with or affected by depression and bipolar disorders. This nonprofit corporation's mission is to educate the public about these mental health conditions, fostering a greater understanding and encouragement for those seeking help.
In addition to financial support, the Gary L Levering Endowment Corporation manages the administrative and investment matters for Re:Mind, ensuring the smooth operation of the support groups and educational initiatives. By doing so, they provide a crucial backbone that allows these essential resources to reach those in need, making a significant difference in people's lives.
Through their unwavering commitment to mental health advocacy, the Gary L Levering Endowment Corporation strives to create a more informed and supportive community, breaking down barriers and promoting healing for individuals affected by depression and bipolar disorders. Their work serves as a beacon of hope for many, providing a much-needed lifeline for those navigating the challenges of these conditions.
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Impact
June, 2024
The Gary L Levering Endowment Corporation's impact is significant in supporting Re:Mind to fund support groups for individuals affected by depression and bipolar disorders. By handling administrative and investment matters for Re:Mind, this organization plays a crucial role in ensuring that resources are efficiently allocated to provide much-needed support and education about these disorders. Through its contributions, the Gary L Levering Endowment Corporation directly helps improve the lives of individuals living with or affected by mental health challenges in the Houston area.
This information is meant to be a general summary of Gary L Levering Endowment Corporation. 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: $48,098
- Gross Receipts: $48,098
Assets and Liabilities:
- Total Assets: $1,714,377
- Total Liabilities: $365
- Net Assets: $1,714,012
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Organization Details
Founding Year
2015
Phone
(713) 600-1131Principal Officer
Jennifer Leal
Main Address
515 POST OAK BLVD SUITE 650, HOUSTON, TX, 77027
NTEE Category
Code: F11 - Mental health
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