Overview
What is Gamma Xi Boule Foundation Inc?
The Gamma Xi Boule Foundation Inc, based in Bradenton, Florida, is a dedicated nonprofit organization. It has a strong mission to support deserving students by providing scholarships and internships. Over the years, they have awarded a substantial sum of $51,000 in scholarships and offered internship opportunities to 22 students. Furthermore, they have extended their support to educational institutions by providing speakers for 10 days of instruction at two high schools. In response to the aftermath of Hurricane Ian, the foundation provided significant assistance through a grant to another foundation, contributing to recovery efforts in the affected area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Gamma Xi Boule Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The organization has an impressive score of 80, reflecting its commitment to transparency and responsible financial management. This rating is largely based on their accountability practices, which are crucial for building donor trust.
The foundation boasts a fully independent board, scoring the maximum points for board independence and size. Additionally, it has demonstrated excellent management of its assets with no reported material diversions and a low liabilities to assets ratio of just 1.33%. Their adherence to conflict of interest policies and the documentation of board meeting minutes further exemplifies their accountability efforts.
Despite its strengths, the overall score is derived solely from the accountability and finance beacon, which may not encompass the full scope of the foundation's impact or program effectiveness. However, the high program expense ratio of 82.52% suggests that a significant portion of its resources is directed towards its mission-driven programs. Overall, the Gamma Xi Boule Foundation Inc appears to be a financially responsible organization with a solid governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is Gamma Xi Boule Foundation Inc legitimate?
Gamma Xi Boule Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamma Xi Boule 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:
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Other Salaries and Wages: $0
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What is the mission statement of Gamma Xi Boule Foundation Inc?
The Gamma Xi Boule Foundation Inc's mission is centered around providing assistance to deserving students. This assistance takes the form of scholarships and internships, aiming to support the educational pursuits and practical experiences of these students. Beyond scholarships and internships, the foundation also engages in other educational activities. For instance, they have provided speakers for instructional periods at high schools, contributing to the learning environment. Furthermore, the foundation has shown its commitment to community support by providing significant aid in recovery efforts following Hurricane Ian, through a grant to another foundation.
Who is the CEO of Gamma Xi Boule Foundation Inc?
Thomas L Cunningham is the Treasurer of Gamma Xi Boule Foundation Inc.
What is the revenue of Gamma Xi Boule Foundation Inc?
Gamma Xi Boule Foundation Inc's revenue in 2022 was $82,380.
Who are the executives of Gamma Xi Boule Foundation Inc and what are their salaries?
There 14 volunteers at Gamma Xi Boule Foundation Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Gamma Xi Boule Foundation Inc?
Gamma Xi Boule Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gamma Xi Boule Foundation Inc
Gamma Xi Boule Foundation Inc is committed to fulfilling its mission by providing scholarships and internships to deserving students. The organization's primary goal is to empower young individuals by offering financial aid and practical work experience opportunities. Through their scholarships, they have awarded a total of $51,000 to deserving students, enabling them to further their education. Additionally, the foundation has provided internships for 22 students, offering them valuable work experience and a chance to apply their knowledge in a real-world setting. Beyond scholarships and internships, Gamma Xi Boule Foundation Inc has also extended its support to high school students, providing speakers for 10 days of instruction at two different schools.
In times of crisis, Gamma Xi Boule Foundation Inc has demonstrated its commitment to helping its community. After Hurricane Ian, the foundation provided significant support to recovery efforts through a grant to another foundation. This act of generosity underscores the organization's dedication to assisting those in need, even in the face of adversity. In summary, Gamma Xi Boule Foundation Inc is a charitable organization that is dedicated to providing scholarships, internships, and community support to deserving students and individuals in need.
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Impact
October, 2024
Gamma Xi Boule Foundation Inc significantly impacts education and community resilience through its initiatives aimed at supporting deserving students. By providing 15 scholarships totaling $51,000, the foundation opens doors to higher education for talented individuals who may face financial barriers. Additionally, the foundation plays a crucial role in workforce development by offering internships to 22 students, thereby equipping them with hands-on experience and valuable skills in their respective fields.
The foundation also fosters educational growth by engaging students directly in local high schools, having facilitated 10 days of instruction featuring knowledgeable speakers who enrich students' learning experiences. Beyond educational endeavors, the foundation has demonstrated community commitment through its major support for recovery efforts following Hurricane Ian, granting funds to another foundation to aid those in need. Through these varied initiatives, Gamma Xi Boule Foundation Inc makes a lasting difference in the lives of students and the broader community in Bradenton, Florida.
This information is meant to be a general summary of Gamma Xi Boule 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 2022.
- Investment Income: $236
- Gross Receipts: $82,380
Assets and Liabilities:
- Total Assets: $404,059
- Total Liabilities: $5,382
- Net Assets: $398,677
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Organization Details
Founding Year
2001
Principal Officer
Thomas L Cunningham
Main Address
P O BOX 20117, BRADENTON, FL, 34204
NTEE Category
Code: B82 - Education
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