Overview
What is Galveston College Foundation?
Galveston College Foundation is a nonprofit organization situated in Galveston, Texas, with an address at 4015 Avenue Q, 77550. Its main aim is to foster philanthropic contributions for the Galveston Community College District, with a strong focus on Universal Access. This program offers scholarships to local high school graduates, ensuring equity in access to higher education, regardless of financial capabilities. Beyond Universal Access, the Foundation also solicits, manages, and invests funds to support the College's educational endeavors. Its mission is to strengthen and enhance Galveston College's capacity to fulfill its mission of empowering individuals through lifelong learning.
Official website here: www.gc.edu
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 88% (Three-Star out of Four Stars)**
The Galveston College Foundation received a three-star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The foundation scored well in key areas, achieving full marks for the independence of its board members and for necessary governance policies, showcasing a strong commitment to ethical standards and transparency.
Despite these strengths, the organization faced some limitations, particularly in the area of program expense ratios, which stands at 63.75%. This suggests that while the foundation is maintaining a good level of financial accountability, there may be room for improvement in how funds are allocated toward programmatic efforts. Additionally, the missing tax form on their website may raise concerns for potential donors regarding transparency.
Feedback from other sources such as GreatNonprofits could not be retrieved, but the initial rating reflects positively on the foundation's financial health and governance practices. Overall, the Galveston College Foundation appears to be a reliable organization, though potential supporters may want to inquire further about its program impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Galveston College Foundation legitimate?
Galveston College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galveston College 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.
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Official website here: www.gc.edu
What is the mission statement of Galveston College Foundation?
The Galveston College Foundation's mission is to aid in the achievement of Galveston College's overarching goal of promoting lifelong learning by fostering philanthropic support. Specifically, the Foundation focuses on enhancing the College's capability to realize this mission, particularly through the Universal Access program. This program offers scholarships to high school graduates from Galveston, Texas, irrespective of their financial capacities, thereby encouraging equal access to higher education. Additionally, the Foundation raises, invests, and manages funds to support various educational activities at the College.
Official website here: www.gc.edu
What is the revenue of Galveston College Foundation?
Galveston College Foundation's revenue in 2023 was $1,077,669.
Official website here: www.gc.edu
Who are the executives of Galveston College Foundation and what are their salaries?
There 22 volunteers at Galveston College Foundation.
Here are 19 key members and their salaries:
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Official website here: www.gc.edu
Where can I find the form 990 for Galveston College Foundation?
Galveston College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gc.edu
Learn more at the official website: www.gc.edu
Mission Statement of Galveston College Foundation
Galveston College Foundation, a philanthropic organization, is dedicated to supporting and enhancing Galveston College's mission of promoting lifelong learning. The foundation's primary objective is to advance the capacity of the college to achieve this mission. To accomplish this, the foundation focuses on generating philanthropic support, investing and managing funds, and soliciting contributions.
One of the foundation's key initiatives is the Universal Access program. This program offers scholarships to high school graduates from Galveston, Texas, irrespective of their financial capacity. By encouraging universal access to higher education, the foundation plays a significant role in making education more accessible and inclusive. Beyond Universal Access, the foundation also supports various educational activities of Galveston College, contributing to the college's overall growth and development.
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Impact
July, 2024
Galveston College Foundation's impact is evident in its support of Galveston College's mission to advance people's lives through lifelong learning. The Foundation focuses on generating philanthropic support for the Galveston Community College District, with a primary emphasis on Universal Access. Through the Universal Access program, the Foundation provides scholarships to high school graduates in Galveston, Texas, regardless of their ability to pay. This initiative encourages universal access to higher education and helps make education more accessible to individuals in the community. Additionally, the Foundation solicits, invests, and manages funds to support the College's educational activities, further enhancing the institution's ability to fulfill its mission. Through these efforts, the Galveston College Foundation truly makes a difference in supporting education and lifelong learning in the Galveston community.
This information is meant to be a general summary of Galveston College 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: $788,898
- Gross Receipts: $15,015,210
Assets and Liabilities:
- Total Assets: $22,851,553
- Total Liabilities: $74,793
- Net Assets: $22,776,760
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Organization Details
Founding Year
1996
Principal Officer
Keith Mcfatridge
Website
www.gc.eduNTEE Category
Code: B82 - Education
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