Overview
What is Southgate Foundation Inc?
Southgate Foundation Inc, established in Houston, Texas, is a nonprofit organization with a mission to foster character development and strengthen families. They accomplish this by offering various programs and activities such as classes, seminars, retreats, and days of reflection, focusing on Christian doctrine and ethical matters. Their initiatives extend beyond religious instruction, encompassing seminars on professional and social ethics and liturgical services. They also provide individual spiritual and moral counseling, further supporting their mission. With a dedicated workforce of 7 employees, Southgate Foundation Inc is committed to promoting virtue and family growth within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that the Southgate Foundation Inc has room for improvement in its accountability and financial practices. While the overall score of 67 reflects some strengths, it also highlights significant weaknesses that may affect its overall effectiveness as a nonprofit organization.
One of the notable strengths of the Southgate Foundation Inc is its commitment to maintaining an independent board, with 100% of its members being independent and a low liabilities to assets ratio of 14.36%. Additionally, the organization demonstrates a strong program expense ratio of 95.57%, suggesting that the majority of its funds are directed toward its programs rather than administrative costs. However, the lack of financial statements and the absence of several key governance policies indicate areas that require urgent attention.
The missing financial documents and policies, such as a conflict of interest policy and a whistleblower policy, detract from the organization’s accountability. Furthermore, the absence of a website listed on the tax form and the lack of publicly available tax documents could hinder transparency and public trust. Addressing these limitations could strengthen the foundation's credibility and operational effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Southgate Foundation Inc legitimate?
Southgate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southgate Foundation 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: $7,081
For more financial information, click here
What is the mission statement of Southgate Foundation Inc?
The Southgate Foundation Inc is dedicated to providing religious and educational services. They accomplish this through various specific activities such as teaching Christian doctrine, organizing seminars on ethical topics, and offering retreats, days of reflection, liturgical services, and individual spiritual counseling. Their mission extends to fostering cultural growth, offering emotional and moral guidance, and engaging in discussions on various topics of interest. The foundation also focuses on programs specifically designed for women and girls, aiming to build character, strengthen families, and nurture virtues.
What is the revenue of Southgate Foundation Inc?
Southgate Foundation Inc's revenue in 2023 was $669,837.
Who are the executives of Southgate Foundation Inc and what are their salaries?
The average compensation at Southgate Foundation Inc during 2023 was $5,540. There are 2 employees at Southgate Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Southgate Foundation Inc?
Southgate Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southgate Foundation Inc
Southgate Foundation Inc, a nonprofit organization, is committed to providing religious and educational services. To achieve this mission, they engage in various program activities. These activities include offering classes in Christian doctrine, hosting seminars on professional and social ethics, and delving into other topics of cultural significance. Retreats, days of reflection, and liturgical services are also part of their offerings. Moreover, they provide individual spiritual and moral counseling to those seeking guidance. Through these activities, Southgate Foundation Inc aims to foster personal growth and strengthen the community, promoting virtues and the wellbeing of women and girls.
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Impact
July, 2024
Southgate Foundation Inc has a significant impact on the community by providing religious and educational services that focus on building character, strengthening families, and promoting virtues. Through classes, seminars, retreats, and other programs, the organization actively works towards its mission of offering spiritual and moral counseling to individuals, particularly women and girls. By facilitating discussions on Christian doctrine, professional and social ethics, and cultural matters of interest, Southgate Foundation Inc plays a vital role in promoting personal growth and ethical values within the community it serves.
This information is meant to be a general summary of Southgate Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $73,141
- Gross Receipts: $669,837
Assets and Liabilities:
- Total Assets: $1,897,052
- Total Liabilities: $272,441
- Net Assets: $1,624,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residence & Activities
Revenue
$73,141
Organization Details
Founding Year
1992
Principal Officer
Kathleen Mcgarry
NTEE Category
Code: X99Z - Religion related
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