Overview
What is Golden Gate Development Corporation?
Golden Gate Development Corporation is a human service organization situated in Memphis, Tennessee. As a dedicated nonprofit, their primary mission is to facilitate learning through their day-to-day activities. This organization is committed to making a positive impact in the community by providing educational resources and opportunities. Their work extends beyond the classroom, focusing on human services to contribute to societal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating 82% - Three-Star out of Four Star Rating
Golden Gate Development Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The overall score is based entirely on the charity’s financial practices, indicating a strong emphasis on governance and transparency, which is critical for donor trust and organizational effectiveness.
The organization boasts a 100% independent board and a high level of oversight, including an effective audit committee. Their financial statements are rigorously maintained, with a notable absence of any material diversions of assets and well-established conflict of interest and whistleblower policies. The program expense ratio of 85.66% signifies that a substantial portion of their funds directly supports their mission.
While the financial health appears strong, the working capital ratio of 0.52 years could indicate a potential concern for sustainability in the long term. Overall, Golden Gate Development Corporation demonstrates commendable accountability, but attention may be needed to enhance its liquidity and operational resilience moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Gate Development Corporation legitimate?
Golden Gate Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Gate Development Corporation 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.
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What is the mission statement of Golden Gate Development Corporation?
The Golden Gate Development Corporation, functioning as a human service organization, fulfills its mission by educating through its activities. By doing so, it contributes to the broader goal of learning and personal growth, without specifying a particular subject or age group. The organization's mission is centered around utilizing its work to promote education, thereby contributing to societal advancement.
What is the revenue of Golden Gate Development Corporation?
Golden Gate Development Corporation's revenue in 2024 was $0.
Who are the executives of Golden Gate Development Corporation and what are their salaries?
There are 30 employees and 28 volunteers at Golden Gate Development Corporation.
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Where can I find the form 990 for Golden Gate Development Corporation?
Golden Gate Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Golden Gate Development Corporation
Golden Gate Development Corporation, as a human service organization, embodies a mission centered around education. In this capacity, the corporation uses its activities to impart knowledge and understanding to various individuals and communities. By operating as an educational entity within its field, Golden Gate Development Corporation strives to contribute to the betterment of society through enlightenment and awareness-raising initiatives.
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Impact
July, 2024
Golden Gate Development Corporation's impact is felt through their work as a human service organization based in Memphis, TN. They are dedicated to providing education and support to the community, making a positive difference in the lives of those they serve. Their mission to educate and empower is carried out through various programs and initiatives, ultimately contributing to the betterment of the city of Memphis and its residents.
This information is meant to be a general summary of Golden Gate Development Corporation. 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 2024.
- Investment Income: $22
- Gross Receipts: $3,660,042
Assets and Liabilities:
- Total Assets: $7,585,718
- Total Liabilities: $7,499,413
- Net Assets: $86,305
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Organization Details
Founding Year
2004
Principal Officer
David Middleton
NTEE Category
Code: P20 - Human services
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