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Gray Stone Educational Foundation Inc

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

EIN: 562211005 ✦ Misenheimer, NC ✦ Designated as a 501(c)(3)

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Overview

What is Gray Stone Educational Foundation Inc?

Gray Stone Educational Foundation Inc, operating under the name Gray Stone Day School, is a nonprofit organization situated in Misenheimer, North Carolina. With a team of 89 dedicated individuals, their primary mission is to support a public charter school by providing essential facilities, teachers, and learning materials for the enrolled students. Based on the provided information, this organization is committed to operating a charter school within North Carolina, aiming to contribute positively to the educational sector in the state.


Official website here: www.graystoneday.org

What are the reviews and ratings of this charity?

Charity Navigator has rated Gray Stone Educational Foundation Inc Dba Gray Stone Day School with an 81%, granting it a Three-Star out of Four Star rating. This score primarily reflects the organization’s strong performance in Accountability & Finance, which indicates a commitment to financial oversight and transparency. A notable strength is the presence of a fully independent board, consistent financial statements, and effective policies related to conflicts of interest and whistleblowing.

While the foundation's program expense ratio is excellent at 96.11%, signifying that the majority of expenses go directly towards programs, there are areas that could be improved. The organization has room for growth in their financial reporting, as their tax form is missing from their website, indicating a potential gap in accessibility or transparency for stakeholders.

Currently, there are no user reviews available on GreatNonprofits, leaving out personal community feedback. Overall, the foundation demonstrates solid governance and robust financial health but could enhance its communication and transparency concerning its financial documents.


This AI summary has been generated from information found on Charity Navigator.

Is Gray Stone Educational Foundation Inc legitimate?

Gray Stone Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gray Stone Educational Foundation 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: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.graystoneday.org

What is the mission statement of Gray Stone Educational Foundation Inc?

Gray Stone Educational Foundation Inc, operating under the name Gray Stone Day School, is committed to providing essential resources for students enrolled in a public charter school. Specifically, their mission involves offering necessary facilities, teachers, and educational materials to ensure a conducive learning environment for these students. By doing so, they aim to contribute to the success and development of these students, thereby promoting educational opportunities and growth within the charter school system.


Official website here: www.graystoneday.org

Who is the CEO of Gray Stone Educational Foundation Inc?

Helen Nance is the Board Member of Gray Stone Educational Foundation Inc.


Official website here: www.graystoneday.org

What is the revenue of Gray Stone Educational Foundation Inc?

Gray Stone Educational Foundation Inc's revenue in 2022 was $7,493,327.


Official website here: www.graystoneday.org

Who are the executives of Gray Stone Educational Foundation Inc and what are their salaries?

There are 89 employees at Gray Stone Educational Foundation Inc.


Here are 8 key members and their salaries:


Charles Parnell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Chambers (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Garrow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hillier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Burleson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Beaver (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Bramlett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Nance (Director)
  • Compensation: $123,900
  • Related: $0
  • Other: $36,637


Official website here: www.graystoneday.org

Where can I find the form 990 for Gray Stone Educational Foundation Inc?

Gray Stone Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.graystoneday.org

Learn more at the official website: www.graystoneday.org

Mission Statement of Gray Stone Educational Foundation Inc

Gray Stone Educational Foundation Inc, doing business as Gray Stone Day School, is committed to providing an educational environment for students enrolled in a North Carolina public charter school. Their mission is twofold: firstly, they ensure the availability of necessary facilities, secondly, they provide qualified teachers and essential learning materials to these students. By taking on this role, Gray Stone Educational Foundation Inc contributes significantly to the educational journey of the students, enabling them to thrive in their academic pursuits.

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Impact




July, 2024

Gray Stone Day School's impact is evident in its commitment to providing high-quality education to students enrolled at a public charter school in North Carolina. By offering top-notch facilities, dedicated teachers, and necessary materials, Gray Stone Day School ensures that students have the resources they need to excel academically and personally. This educational foundation plays a crucial role in shaping the future of its students and contributing positively to their overall development.




This information is meant to be a general summary of Gray Stone Educational Foundation 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.

Revenue
$7,493,327 (2022)
Expenses
$6,503,804 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,867
  • Gross Receipts: $7,493,327

Assets and Liabilities:

  • Total Assets: $16,754,071
  • Total Liabilities: $14,552,588
  • Net Assets: $2,201,483

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Organization Details

Founding Year

2003

Principal Officer

Helen Nance

Main Address

49464 MERNER TERRACE, MISENHEIMER, NC, 28109

NTEE Category

Code: B25 - Education

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