Overview
What is We Grace Foundation?
We Grace Foundation is a nonprofit organization situated in Westworth Village, Texas. Their primary mission is to support Whitney High School, a part of the Whitney Independent School District, by providing scholarships to encourage student participation in the Future Farmers of America (FFA) program. To achieve this goal, they have initiated a scholarship program that extends to various secondary schools, as per the information provided. The foundation's activities are centered around this mission, aiming to supplement the FFA program at Lake Whitney High School.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Star Rating)
We Grace Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization showcases strengths in governance, with a fully independent board and no material diversion of assets reported, which reflects positively on its operational integrity.
However, while the charity maintains a solid score for structural governance, its program expense ratio of 61.66% suggests that a portion of its expenditures may not be directly allocated to its programs, potentially raising concerns about efficiency. This area could benefit from improvement to enhance its overall service delivery to beneficiaries.
In summary, We Grace Foundation demonstrates commendable governance practices but faces challenges in maximizing the impact of its spending. Continued focus on increasing the program expense ratio could help bolster its effectiveness and further improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is We Grace Foundation legitimate?
We Grace Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. We Grace 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of We Grace Foundation?
The We Grace Foundation's mission is to offer support to Whitney High School, which falls under the Whitney Independent School District. Their primary objective is to fund scholarship programs, specifically aimed at encouraging student participation in the Future Farmers of America (FFA) program. The foundation's activities extend beyond Lake Whitney High School, as they also provide scholarships to various other secondary schools. As of the provided information, they have awarded a total of 13,375 scholarships.
Who is the CEO of We Grace Foundation?
John P Grace is the President of We Grace Foundation.
What is the revenue of We Grace Foundation?
We Grace Foundation's revenue in 2022 was -$20,486.
Who are the executives of We Grace Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for We Grace Foundation?
We Grace Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of We Grace Foundation
We Grace Foundation, a nonprofit organization, is committed to providing support for Whitney High School, which falls under the Whitney Independent School District. Their primary mission is to sponsor scholarship programs, with the objective of encouraging student participation in the Future Farmers of America (FFA) program. By offering these scholarships, the foundation aims to foster the growth and development of young individuals in this agricultural-focused program. The We Grace Foundation has also extended its scholarship initiatives to various secondary schools, contributing to the education of a total of 13,375 students.
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Impact
October, 2024
We Grace Foundation significantly enhances educational opportunities for students at Lake Whitney High School by providing scholarships that encourage participation in the Future Farmers of America (FFA) program. With a focus on supporting the Whitney Independent School District, the foundation has awarded $13,375 in scholarships aimed at helping students pursue their secondary education. This support not only facilitates access to various educational institutions but also fosters a spirit of community involvement and agricultural education, empowering students to engage in programs that cultivate leadership skills and promote a future in agriculture. The impact of We Grace Foundation resonates through the development of well-rounded students who are better prepared for their future careers and community involvement.
This information is meant to be a general summary of We Grace 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: -$20,486
- Gross Receipts: $354,791
Assets and Liabilities:
- Total Assets: $1,206,418
- Total Liabilities: $0
- Net Assets: $1,206,418
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Organization Details
Founding Year
1975
Phone
(817) 332-5256Principal Officer
John P Grace
Main Address
208 RIVER TRAIL COURT, WESTWORTH VILLAGE, TX, 761143537
NTEE Category
Code: B82 - Education
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