Guam Education Financing Foundation Ii Inc

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

EIN: 660759771 ✦ Atlanta, GA ✦ Designated as a 501(c)(4)

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Overview

What is Guam Education Financing Foundation Ii Inc?

Guam Education Financing Foundation II Inc, based in Atlanta, Georgia, is a nonprofit organization with a specific mission. They aim to lease and maintain the expansion of Okkodo High School, as well as construct and hold title to schools for the benefit of the Government of Guam. Their primary role is to operate by holding title to these schools, which are then leased back to the Government of Guam. This nonprofit organization contributes to the education sector in Guam, ensuring the expansion and maintenance of educational facilities for the betterment of the community.

Is Guam Education Financing Foundation Ii Inc legitimate?

Guam Education Financing Foundation Ii Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Guam Education Financing Foundation Ii 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: $4,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Guam Education Financing Foundation Ii Inc?

The Guam Education Financing Foundation II Inc. is established with a mission to construct and hold title to schools, benefiting the Government of Guam. In operation, it holds title to schools that will be constructed and then leases them to the Government of Guam. Furthermore, the foundation is responsible for leasing and maintaining the expansion of Okkodo High School.

Who is the CEO of Guam Education Financing Foundation Ii Inc?

John Hand is the Treasurer of Guam Education Financing Foundation Ii Inc.

What is the revenue of Guam Education Financing Foundation Ii Inc?

Guam Education Financing Foundation Ii Inc's revenue in 2022 was $1,733,742.

Who are the executives of Guam Education Financing Foundation Ii Inc and what are their salaries?


Here are 5 key members and their salaries:


Richard B Inman Jr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John R Hand (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James R Wilson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Flores (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Alvarez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Guam Education Financing Foundation Ii Inc?

Guam Education Financing Foundation Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Guam Education Financing Foundation Ii Inc

Guam Education Financing Foundation II Inc, as its name suggests, is primarily focused on constructing schools for the benefit of the Government of Guam. The nonprofit organization's mission is to hold title to these schools and lease them back to the government. Beyond this, the foundation is also responsible for leasing and maintaining the expansion of Okkodo High School, ensuring the continued growth and development of educational facilities in Guam. By undertaking these activities, the Guam Education Financing Foundation II Inc plays an essential role in supporting the education sector, contributing to the overall well-being and development of the community.

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Impact




October, 2024

Guam Education Financing Foundation II Inc plays a vital role in advancing the educational infrastructure in Guam by facilitating the construction and maintenance of schools. By holding title to newly constructed educational facilities, the foundation ensures that schools like Okkodo High School can be expanded and maintained effectively, thereby enhancing the learning environment for students. This impact directly supports the government of Guam in its efforts to provide quality education, ultimately benefiting the community by fostering academic growth and development. Through its operations, the foundation contributes to the long-term sustainability and improvement of educational facilities, which is crucial for student success and overall community well-being.




This information is meant to be a general summary of Guam Education Financing Foundation Ii 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.

Revenue
$1,733,742 (2022)
Expenses
$916,513 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,083,742
  • Program Service Revenue: $650,000
  • Gross Receipts: $1,733,742

Assets and Liabilities:

  • Total Assets: $17,562,425
  • Total Liabilities: $9,810,393
  • Net Assets: $7,752,032

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEASE INCOME

Revenue

$650,000

Organization Details

Founding Year

2013

Principal Officer

John Hand

Main Address

3340 PEACHTREE ROAD SUITE 1780, ATLANTA, GA, 30326

NTEE Category

Code: Z99 - Unknown

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