Overview
What is Georgia School Boards Association Workers' Compensation Fund?
The Georgia School Boards Association Workers' Compensation Fund is a nonprofit organization that collaborates with local school systems to safeguard assets and minimize losses. Instead of relying on traditional insurance, they offer customized alternatives, ensuring financial integrity while maintaining effective risk management. This partnership empowers schools to protect their employees, allowing them to work in various settings such as classrooms, buses, and cafeterias, thus contributing to the continued success of the educational institutions. The organization builds relationships with its members, providing training and information to aid in risk management. Through targeted loss prevention strategies and comprehensive claims management, the Fund keeps employees on the job, ultimately benefiting the school districts.
Official website here: www.gsba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Georgia School Boards Association Workers' Compensation Fund has achieved an impressive 96% rating from Charity Navigator, reflecting a strong focus on accountability and financial management. This score is entirely derived from their Accountability & Finance metrics, indicating that the organization operates with a high level of transparency and responsible stewardship of resources.
The organization excels in multiple areas, notably by maintaining a board composed entirely of independent members, which fosters unbiased governance. It also has robust financial oversight, evidenced by its full marks in audit and oversight practices, as well as no reported material diversion of assets. Additionally, the program expense ratio is commendable at 92.67%, showcasing a commitment to utilizing funds effectively for its intended programs.
While the organization demonstrates strong governance and financial health, specific user feedback regarding program effectiveness or community impact is not available. This may limit a comprehensive understanding of the organization's overall performance beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia School Boards Association Workers' Compensation Fund legitimate?
Georgia School Boards Association Workers' Compensation Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia School Boards Association Workers' Compensation Fund 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.gsba.com
What is the mission statement of Georgia School Boards Association Workers' Compensation Fund?
The Georgia School Boards Association Workers' Compensation Fund collaborates with local school systems to safeguard assets and minimize losses through customized alternatives to traditional insurance, maintaining financial integrity. The organization goes beyond the scope of a commercial insurance broker by building relationships with members and offering training and resources to help them effectively manage risks. This fund presents an alternative to purchasing conventional insurance by implementing a program of workers' compensation self-insurance for its member organizations. By focusing on loss prevention strategies and comprehensive claims management, the fund ensures the continued success of schools by keeping employees on the job.
Official website here: www.gsba.com
Who is the CEO of Georgia School Boards Association Workers' Compensation Fund?
Valarie Wilson is the Executive Director of Georgia School Boards Association Workers' Compensation Fund.
Official website here: www.gsba.com
What is the revenue of Georgia School Boards Association Workers' Compensation Fund?
Georgia School Boards Association Workers' Compensation Fund's revenue in 2023 was $16,703,886.
Official website here: www.gsba.com
Who are the executives of Georgia School Boards Association Workers' Compensation Fund and what are their salaries?
There 9 volunteers at Georgia School Boards Association Workers' Compensation Fund.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $263,871
- Other: $39,612
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.gsba.com
Where can I find the form 990 for Georgia School Boards Association Workers' Compensation Fund?
Georgia School Boards Association Workers' Compensation Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gsba.com
Learn more at the official website: www.gsba.com
Mission Statement of Georgia School Boards Association Workers' Compensation Fund
The Georgia School Boards Association Workers' Compensation Fund is a unique organization that partners with local school systems to protect assets and minimize losses by offering superior customized alternatives to traditional insurance. With a mission centered around financial integrity, the Fund goes beyond the role of a typical insurance broker.
The team at the Georgia School Boards Association Workers' Compensation Fund builds strong relationships with its member organizations. They provide training and informative resources to help schools effectively manage risks and maintain a healthy work environment. The Fund offers group-self-insurance plans for workers' compensation, providing an alternative solution for districts seeking to reduce costs and ensure continued success.
By focusing on targeted loss prevention strategies and comprehensive claims management, the Georgia School Boards Association Workers' Compensation Fund ensures that employees can stay on the job, contributing to the educational environment in classrooms, on school buses, and in cafeterias. This approach not only helps schools save money but also keeps the focus on providing quality education to students. The Fund's customized offerings, personalized service, and commitment to financial integrity make it an essential partner for Georgia's public schools.
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Impact
October, 2024
The Georgia School Boards Association Workers' Compensation Fund (GSBA WCF) significantly influences local school systems by providing tailored workers' compensation solutions that go beyond traditional insurance models. By partnering with Georgia public schools, the Fund aims to protect educational assets and reduce financial losses.
GSBA WCF administers a self-insurance program that offers group coverage for workers' compensation, allowing school districts to better manage their risks. The organization focuses on an approach that emphasizes relationship-building, providing members with essential training and resources. This proactive engagement empowers school systems to implement effective loss prevention strategies, ensuring that employees remain active and engaged in their roles, whether in the classroom, school buses, or cafeterias.
Central to the success of the GSBA WCF is its commitment to comprehensive claims management. By effectively addressing claims and prioritizing employee safety, the Fund helps ensure a secure environment for both staff and students. This focus not only mitigates risks but also fosters a culture of safety and responsibility across school districts.
In summary, the GSBA WCF plays a critical role in enhancing the operational integrity of Georgia's school systems by offering customized insurance alternatives and dedicated support, ultimately contributing to a safer and more effective educational environment.
This information is meant to be a general summary of Georgia School Boards Association Workers' Compensation Fund. 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: $1,823,998
- Program Service Revenue: $14,879,888
- Gross Receipts: $64,523,361
Assets and Liabilities:
- Total Assets: $86,350,055
- Total Liabilities: $25,742,963
- Net Assets: $60,607,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND CONTRIBUTIONS
Revenue
$14,879,888
Organization Details
Founding Year
1992
Phone
(770) 962-2985Principal Officer
Valarie Wilson
Main Address
5120 SUGARLOAF PARKWAY, LAWRENCEVILLE, GA, 30043
Website
www.gsba.comNTEE Category
Code: B99D - Education
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