Overview
What is Gb Charities Inc?
Gb Charities Inc, based in Baltimore, Maryland, is a dedicated nonprofit organization focused on uplifting the local community. Their primary mission is to support the education of promising youth from low-income families residing in at-risk areas. By sponsoring their tuition at accredited faith-based schools, Gb Charities provides these students with a stable, nurturing learning environment. This, in turn, empowers them to reach their full potential, fostering a positive social cycle characterized by strong values, self-confidence, and hope for a better future. The organization, with a small team of dedicated individuals, strives to contribute positively to the Baltimore metropolitan community.
Official website here: www.gbcharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Gb Charities Inc holds a Three-Star rating from Charity Navigator, indicating a solid score of 76% overall. This rating is derived mainly from its Accountability & Finance score, which reflects the charity's financial stewardship and governance practices. The charity shows strong performance in several areas, including having a fully independent board and no material diversion of assets, both of which contributed positively to its score.
However, there are notable gaps in policies that could enhance the organization’s accountability. The absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy resulted in significant deductions in these areas. Improving these policies could strengthen the organization's governance and transparency.
On a positive note, Gb Charities demonstrates strong financial health, with a high program expense ratio of 94.27%, indicating that the vast majority of its funds are directed towards its programs. The charity's liabilities to assets ratio stands at 0.00%, further suggesting sound financial management. Overall, while Gb Charities has strong financial accountability, addressing its policy gaps could improve its governance score and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Gb Charities Inc legitimate?
Gb Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gb Charities 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $2,819
Other Salaries and Wages: $27,885
For more financial information, click here
Official website here: www.gbcharities.org
What is the mission statement of Gb Charities Inc?
Gb Charities Inc is committed to improving the lives of underprivileged youth in various communities. They sponsor promising children and adolescents from hard-working, low-income families living in at-risk areas, covering their tuition at accredited faith-based schools. By providing these students with a stable, nurturing educational environment and ensuring they maintain strong family support and participate in constructive extracurricular activities, Gb Charities offers them the opportunity to reach their full potential. This, in turn, contributes positively to a social cycle driven by strong values, self-confidence, and hope for a better future. The organization's mission aims to empower these young individuals, contributing to a more positive and prosperous community one student at a time.
Official website here: www.gbcharities.org
Who is the CEO of Gb Charities Inc?
Paul Biser is the President of Gb Charities Inc.
Official website here: www.gbcharities.org
What is the revenue of Gb Charities Inc?
Gb Charities Inc's revenue in 2022 was $503,336.
Official website here: www.gbcharities.org
Who are the executives of Gb Charities Inc and what are their salaries?
The average compensation at Gb Charities Inc during 2022 was $27,885. There is 1 employee and 75 volunteers at Gb Charities Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gbcharities.org
Where can I find the form 990 for Gb Charities Inc?
Gb Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gbcharities.org
Learn more at the official website: www.gbcharities.org
Mission Statement of Gb Charities Inc
Gb Charities Inc, a nonprofit organization, is committed to enhancing the Baltimore metropolitan community by focusing on the education of its youth. The organization identifies and sponsors promising children and adolescents from hardworking, low-income families residing in at-risk areas. Gb Charities Inc pays their tuition at accredited faith-based schools, providing them with a stable, nurturing educational environment. This environment, coupled with strong family support and participation in constructive extracurricular activities, enables these students to reach their full potential. By doing so, Gb Charities Inc contributes to a positive social cycle, fostering strong values, self-confidence, and hope for a better tomorrow, one young person at a time.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Gb Charities Inc's impact is dedicated to improving the Baltimore metropolitan community through the education of its youth. By sponsoring promising children and adolescents from hard-working, low-income families in at-risk areas, Gb Charities Inc pays their tuition at accredited faith-based schools. This initiative provides students with a stable, nurturing educational environment, strong family support, and opportunities for constructive extracurricular activities, allowing them to reach their highest potential. Through these efforts, Gb Charities Inc contributes to a positive social cycle fueled by strong values, self-confidence, and hope for a better tomorrow, one young person at a time.
This information is meant to be a general summary of Gb Charities 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: $76,090
- Gross Receipts: $600,539
Assets and Liabilities:
- Total Assets: $1,161,894
- Total Liabilities: $0
- Net Assets: $1,161,894
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1992
Phone
(410) 321-5400Principal Officer
Paul Biser
Main Address
PO BOX 4954, BALTIMORE, MD, 21094
Website
www.gbcharities.orgNTEE Category
Code: T00 - Philanthropy
If you are a representative of Gb Charities Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.