Overview
What is Geological Society Of America Foundation?
The Geological Society of America Foundation, situated in Boulder, Colorado, is a nonprofit organization dedicated to raising and dispensing funds to align with the objectives and initiatives of the Geological Society of America. These funds are allocated based on the Society's requirements and in accordance with the donors' wishes. The primary mission of this foundation is to support research in the field of geology and disseminate related information, contributing to the advancement of scientific knowledge in the domain. With a workforce of four individuals, the Geological Society of America Foundation plays a crucial role in fostering geological research and education.
Official website here: www.gsa-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Geological Society Of America Foundation has achieved a remarkable 98% rating on Charity Navigator, reflecting a high level of accountability and financial health. This rating indicates that the organization is effectively managing its resources and maintaining transparency, which is crucial for fostering trust among donors and stakeholders. Key aspects contributing to this score include a fully independent board and robust audit practices.
The foundation excels in its financial performance, with a low liabilities-to-assets ratio of 1.77% and a program expense ratio of 67.86%. These metrics suggest that the majority of its funds are being directed towards its mission-related activities rather than administrative costs. Additionally, the organization demonstrates excellent fundraising efficiency, with only $0.13 spent to raise a dollar, ensuring that a significant portion of donations directly supports its initiatives.
While the organization showcases strong governance and financial practices, some may note that the program expense ratio, though commendable, could still be improved to ensure even more funds are allocated to programs versus overhead. Overall, the Geological Society Of America Foundation stands out as a financially sound and ethically managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Geological Society Of America Foundation legitimate?
Geological Society Of America Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Geological Society Of America Foundation 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: $134,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,610
For more financial information, click here
Official website here: www.gsa-foundation.org
What is the mission statement of Geological Society Of America Foundation?
The Geological Society of America Foundation's mission is to facilitate the distribution of funds in support of the Geological Society of America's objectives and initiatives. These financial resources are distributed based on the society's needs and align with the intentions of the donors. The primary goal of the foundation is to advance research and disseminate information in the field of geology.
Official website here: www.gsa-foundation.org
Who is the CEO of Geological Society Of America Foundation?
Debora Marcinkowski is the Trustee of Geological Society Of America Foundation.
Official website here: www.gsa-foundation.org
What is the revenue of Geological Society Of America Foundation?
Geological Society Of America Foundation's revenue in 2022 was $2,733,399.
Official website here: www.gsa-foundation.org
Who are the executives of Geological Society Of America Foundation and what are their salaries?
The average compensation at Geological Society Of America Foundation during 2022 was $90,114. There are 4 employees at Geological Society Of America Foundation.
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Official website here: www.gsa-foundation.org
Where can I find the form 990 for Geological Society Of America Foundation?
Geological Society Of America Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gsa-foundation.org
Learn more at the official website: www.gsa-foundation.org
Mission Statement of Geological Society Of America Foundation
The Geological Society of America Foundation's mission is centered around supporting the objectives and initiatives of the Geological Society of America. This support is facilitated through the distribution of funds, which are allocated based on the society's needs and in accordance with the intentions of the donors. The primary goal of the foundation is to advance research in the field of geology and disseminate related information, thereby contributing to the broader scientific community. The foundation's activities are instrumental in furthering the Society's programs and goals, thereby playing a crucial role in the advancement of geological knowledge and understanding.
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Impact
July, 2024
The Geological Society of America Foundation plays a crucial role in advancing scientific research in the field of geology and disseminating valuable information to the public. By providing funds to support the goals and programs of the Geological Society of America, the foundation enables important research initiatives, educational programs, and outreach efforts in the geological sciences. This support helps to further the understanding of the earth's processes, geological history, and natural resources. Through its activities, the foundation contributes to the advancement of knowledge in the scientific community and promotes awareness and appreciation of geology among the general public.
This information is meant to be a general summary of Geological Society Of America Foundation. 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: $1,004,531
- Program Service Revenue: $29,300
- Gross Receipts: $6,867,352
Assets and Liabilities:
- Total Assets: $29,383,375
- Total Liabilities: $508,993
- Net Assets: $28,874,382
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL AND OUTREACH
Revenue
$29,300
Organization Details
Founding Year
1980
Phone
(303) 357-1054Principal Officer
Debora Marcinkowski
Main Address
PO BOX 9140, BOULDER, CO, 80301
Website
www.gsa-foundation.orgNTEE Category
Code: U36Z - Science research
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