The David H Garrett Foundation

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

EIN: 570685683 ✦ Simpsonville, SC ✦ Designated as a 501(c)(3)

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Overview

What is The David H Garrett Foundation?

The David H Garrett Foundation, based in Simpsonville, South Carolina, operates as a supporting organization under the Internal Revenue Code Section 509(A)(3). Its primary function is to allocate grants exclusively to the Fountain Inn Presbyterian Church, its designated supported organization. The foundation does not have its own activities or missions beyond this grant-making role.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that The David H Garrett Foundation meets certain standards of accountability and transparency but may have room for improvement in overall performance. The foundation has demonstrated a solid commitment to financial management, evidenced by a Liabilities to Assets Ratio of 0.00%, which suggests strong fiscal health.

The foundation boasts an excellent Accountability & Finance score of 73, with notable strengths including a fully independent board of directors, comprising 100% independent members. The organization also shows strong governance practices, such as documenting board meeting minutes and having no material diversion of assets.

However, despite these strengths, the overall rating reflects some limitations in performance metrics that could be addressed to enhance its effectiveness. Continuous monitoring and improvement in areas such as fundraising efficiency and program impact could help elevate the foundation's rating in the future.


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

Is The David H Garrett Foundation legitimate?

The David H Garrett Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The David H Garrett Foundation 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

What is the mission statement of The David H Garrett Foundation?

The David H Garrett Foundation functions as a supporting organization, adhering to the guidelines of IRC Section 509(A)(3). Its primary activity involves making grants to its designated supported organization, the Fountain Inn Presbyterian Church. While the mission statement itself is not explicitly provided, the foundation's role can be inferred to be providing financial support to the church, thereby contributing to its mission and activities. The specific nature of this mission for the church is not outlined in the provided information.

Who is the CEO of The David H Garrett Foundation?

Chris Garrett is the Trustee of The David H Garrett Foundation.

What is the revenue of The David H Garrett Foundation?

The David H Garrett Foundation's revenue in 2022 was $198,177.

Who are the executives of The David H Garrett Foundation and what are their salaries?

There 5 volunteers at The David H Garrett Foundation.


Here are 5 key members and their salaries:


Rev Whitney Moss (Trustee)
  • Compensation: $0
  • Related: $46,154
  • Other: $9,180
Kate Tumblin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Elmore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerri Mcdannald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Garrett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The David H Garrett Foundation?

The David H Garrett Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The David H Garrett Foundation

The David H. Garrett Foundation operates as a supporting organization, following the guidelines set by the Internal Revenue Code Section 509(A)(3). Its primary function involves channeling grants to its designated supported organization, the Fountain Inn Presbyterian Church. The mission of the David H. Garrett Foundation, in essence, is to provide financial assistance to this church, thereby contributing to its ongoing operations and initiatives. The foundation does not undertake any independent activities or missions, but rather focuses its resources on supporting the work of the Fountain Inn Presbyterian Church.

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Impact




October, 2024

The David H. Garrett Foundation plays a significant role in enhancing community support through its financial contributions. By directing all its grants to the Fountain Inn Presbyterian Church, the foundation fosters a range of religious and community services that benefit those in the area. Its efforts help strengthen the church's outreach programs, support initiatives within the community, and provide resources for various activities aimed at improving the lives of individuals and families. This focused support amplifies the church’s ability to serve as a pivotal resource in the Simpsonville, SC, community, fostering spiritual growth and social cohesion.




This information is meant to be a general summary of The David H Garrett Foundation. 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
$198,177 (2022)
Expenses
$139,932 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $95,495
  • Gross Receipts: $996,557

Assets and Liabilities:

  • Total Assets: $3,864,708
  • Total Liabilities: $0
  • Net Assets: $3,864,708

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Organization Details

Founding Year

1977

Principal Officer

Chris Garrett

Main Address

PO BOX 458, SIMPSONVILLE, SC, 29681

NTEE Category

Code: X11 - Religion related

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