Overview
What is Gloucester Education Foundation Inc?
Gloucester Education Foundation Inc, located in Gloucester, Massachusetts, is a dedicated nonprofit organization that exclusively supports a local public school system. Their primary goal is to bolster the resources and capabilities of these schools, thereby enhancing the educational experiences of their students. By providing essential support, the foundation aims to contribute positively to the educational journey of the Gloucester community.
Official website here: www.thinkthebest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Gloucester Education Foundation Inc has achieved an impressive 100% rating based entirely on its Accountability & Finance score, demonstrating strong fiscal responsibility and transparency. The organization boasts a fully independent board of directors, with all 13 members meeting independence criteria, which strengthens its governance structure significantly.
In terms of financial oversight, the foundation has an excellent track record, with no material diversions of assets reported. The organization maintains robust financial practices, including regular audits and a detailed conflict of interest policy. Additionally, it has a healthy liabilities to assets ratio of 0.26%, reflecting sound financial health.
The foundation allocates an impressive 79.09% of its expenses directly to programs, indicating a strong commitment to its mission and effective use of resources. Overall, Gloucester Education Foundation Inc demonstrates a high level of accountability and financial integrity, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Gloucester Education Foundation Inc legitimate?
Gloucester Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gloucester Education 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: $92,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,026
For more financial information, click here
Official website here: www.thinkthebest.org
What is the mission statement of Gloucester Education Foundation Inc?
The Gloucester Education Foundation, an organization dedicated to a specific school or educational institution, aims to offer support to public schools in Gloucester. Its mission is centered around enhancing the educational experience for students by providing necessary resources and assistance. The foundation's primary goal is to contribute positively to the educational environment, ultimately benefiting the students and the school community as a whole.
Official website here: www.thinkthebest.org
Who is the CEO of Gloucester Education Foundation Inc?
Emily Siegel is the Executive Director of Gloucester Education Foundation Inc.
Official website here: www.thinkthebest.org
What is the revenue of Gloucester Education Foundation Inc?
Gloucester Education Foundation Inc's revenue in 2023 was $628,647.
Official website here: www.thinkthebest.org
Who are the executives of Gloucester Education Foundation Inc and what are their salaries?
The average compensation at Gloucester Education Foundation Inc during 2023 was $57,113. There are 2 employees and 79 volunteers at Gloucester Education Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.thinkthebest.org
Where can I find the form 990 for Gloucester Education Foundation Inc?
Gloucester Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thinkthebest.org
Learn more at the official website: www.thinkthebest.org
Mission Statement of Gloucester Education Foundation Inc
Gloucester Education Foundation, an organization dedicated to a single school or educational institution in Gloucester, Massachusetts, has a mission to provide support to the local public schools. Their primary objective is to enhance the educational experience and opportunities for students within the Gloucester community. By offering various forms of assistance, the foundation aims to contribute to the overall development and success of the schools and the students they serve.
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Impact
July, 2024
Gloucester Education Foundation Inc's impact is significant in providing support to Gloucester public schools in Massachusetts. This organization plays a vital role in enhancing the educational experiences and opportunities available to students in the Gloucester community. By offering support to the public schools, Gloucester Education Foundation Inc helps to enrich the learning environment, improve educational resources, and contribute to the overall success of students in the area. Through its mission to provide support to Gloucester public schools, this organization positively impacts the education sector and the lives of students in Gloucester.
This information is meant to be a general summary of Gloucester Education 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $44,476
- Gross Receipts: $628,647
Assets and Liabilities:
- Total Assets: $2,598,597
- Total Liabilities: $6,837
- Net Assets: $2,591,760
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Organization Details
Founding Year
2005
Principal Officer
Emily Siegel
Main Address
PO Box 1104, Gloucester, MA, 01931
Website
www.thinkthebest.orgNTEE Category
Code: B112 - Education
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