Overview
What is Grapevine-Colleyville Isd Education Foundation?
The Grapevine-Colleyville Isd Education Foundation is a nonprofit organization based in Grapevine, Texas, specifically at 3051 IRA E Woods Avenue, 76051. Its primary purpose is to manage a permanent endowment, which is invested in publicly traded marketable securities. This endowment serves as a source of funds for supporting various campus activities, scholarships, awards, and other grant programs within the Grapevine-Colleyville Independent School District. The foundation relies on an Investment Committee, comprised of board members and volunteers, to hire investment advisors and oversee investment and spending policies. The earnings from this endowment are utilized for the intended purposes as per the donors' wishes. In essence, the Grapevine-Colleyville Isd Education Foundation works towards enhancing the quality of education and opportunities for students within the school district by generating and distributing resources.
Official website here: www.gcedfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating.
The Grapevine-Colleyville ISD Education Foundation has received a high rating of 95%, reflecting strong accountability and financial health. The organization has demonstrated exceptional governance practices, including a fully independent board of directors composed of 17 members, which contributes to its robust oversight and transparency.
Strengths of the foundation include an impressive program expense ratio of 68.19%, indicating that a significant portion of its resources is directed towards educational programs. Additionally, the foundation has no recorded material diversion of assets and has established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, enhancing its operational integrity.
While the foundation's overall score is based solely on its accountability and finance beacon, which is a strong aspect of its operation, potential donors might want to explore the impact of its programs further. Nonetheless, the foundation's commitment to transparency and responsible financial management positions it as a reliable entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Grapevine-Colleyville Isd Education Foundation?
76% of 11 reviewers on Facebook recommend the Grapevine-Colleyville ISD Education Foundation. Here is a summary of their reviews:
Many supporters praise the organization for its substantial contributions to classroom programs and educational initiatives within the district. One reviewer highlighted their appreciation for the foundation's investment in creating a positive educational environment for both students and teachers.
While the recommendation percentage is moderate, the sentiments expressed indicate a general satisfaction with the foundation's efforts and impact on the community. Overall, the foundation is regarded as a valuable asset in enhancing the educational experience in Grapevine-Colleyville ISD.
This AI summary has been generated from reviews found on Facebook.
Is Grapevine-Colleyville Isd Education Foundation legitimate?
Grapevine-Colleyville Isd Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grapevine-Colleyville Isd Education 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: $82,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,599
For more financial information, click here
Official website here: www.gcedfoundation.org
What is the mission statement of Grapevine-Colleyville Isd Education Foundation?
The Grapevine-Colleyville Education Foundation's mission is to enrich the educational experiences of students by providing resources for programs and projects that enhance their opportunities. This is achieved by managing a permanent endowment, which is invested in publicly traded securities by professional investment advisors. An investment committee, comprising of board members and volunteers, oversees the investment and spending policies, utilizing the earnings from the endowment for the intended purposes, as decided by the donors. The foundation aims to support campus activities, scholarships, awards, and other grant programs, thereby enhancing the quality of education.
Official website here: www.gcedfoundation.org
Who is the CEO of Grapevine-Colleyville Isd Education Foundation?
Jane Richards is the Executive Dir. of Grapevine-Colleyville Isd Education Foundation.
Official website here: www.gcedfoundation.org
What is the revenue of Grapevine-Colleyville Isd Education Foundation?
Grapevine-Colleyville Isd Education Foundation's revenue in 2023 was $463,355.
Official website here: www.gcedfoundation.org
Who are the executives of Grapevine-Colleyville Isd Education Foundation and what are their salaries?
The average compensation at Grapevine-Colleyville Isd Education Foundation during 2023 was $64,800. There are 2 employees and 22 volunteers at Grapevine-Colleyville Isd Education Foundation.
Here are 18 key members and their salaries:
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Official website here: www.gcedfoundation.org
Where can I find the form 990 for Grapevine-Colleyville Isd Education Foundation?
Grapevine-Colleyville Isd Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gcedfoundation.org
Learn more at the official website: www.gcedfoundation.org
Mission Statement of Grapevine-Colleyville Isd Education Foundation
The Grapevine-Colleyville Education Foundation is committed to augmenting the resources available to the Grapevine-Colleyville Independent School District. Its mission lies in providing financial support for programs and projects that aim to improve the educational quality and opportunities for students within the district. The foundation manages a perpetual endowment, which is invested in publicly traded marketable securities overseen by professional investment advisors. An investment committee, comprised of board members and volunteers, hires these advisors and sets investment and spending policies. The earnings derived from this endowment are utilized for the intended purposes as dictated by the donors, thus enhancing the educational experiences of students within the district.
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Impact
July, 2024
The Grapevine-Colleyville ISD Education Foundation's impact is significant in enhancing the quality of education and opportunities for students within the Grapevine-Colleyville Independent School District. Through generating and distributing resources, the foundation supports various programs and projects that benefit students. Additionally, the foundation manages a permanent endowment to provide support for campus activities, scholarships, awards, and grant programs. This ensures that students have access to additional resources and opportunities that contribute to their academic success and personal growth.
This information is meant to be a general summary of Grapevine-Colleyville Isd Education 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 2023.
- Investment Income: $104,256
- Program Service Revenue: $32,907
- Gross Receipts: $1,251,035
Assets and Liabilities:
- Total Assets: $2,504,421
- Total Liabilities: $173,054
- Net Assets: $2,331,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$32,907
Organization Details
Founding Year
1998
Phone
(817) 251-5480Principal Officer
Jane Richards
Main Address
3051 IRA E WOODS AVENUE, GRAPEVINE, TX, 76051
Website
www.gcedfoundation.orgNTEE Category
Code: T30 - Philanthropy
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