Overview
What is Garrett County Public Schools Foundation Inc?
Garrett County Public Schools Foundation Inc, located at 440 Gravelly Run Road, McHenry, MD 21541, serves as a nonprofit organization dedicated to supporting the educational needs of its community. Their primary mission is to supplement funding for schools, departments, special interests, and projects approved by the foundation. This additional financial aid allows students and faculty to access opportunities beyond what federal, state, and county tax dollars, as well as the school system, can provide. The foundation operates with a focus on enhancing education beyond the standard budget, thereby enriching the learning experience for all involved.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Stars
Garrett County Public Schools Foundation Inc holds a solid rating of 80%, reflecting a high level of accountability and financial health. The rating is entirely based on a single beacon score, which indicates a strong focus on responsible financial practices and governance. The organization has a fully independent board, which enhances its credibility and decision-making process.
Key strengths include a 98.46% program expense ratio, suggesting that the majority of funds are directed toward programs rather than administrative costs. Additionally, the foundation has demonstrated excellent transparency with documented board meeting minutes and a comprehensive conflict of interest policy. Their liabilities to assets ratio stands at an impressive 0.00%, indicating a strong financial position with no outstanding debts.
While the foundation has received a commendable rating, it is essential to note that the score is based solely on accountability and finance metrics. This leaves room for further exploration into other aspects of the organization’s impact and effectiveness that may not be captured within the rating framework. Overall, the foundation showcases strong governance and financial practices that support its mission in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Garrett County Public Schools Foundation Inc legitimate?
Garrett County Public Schools Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garrett County Public Schools 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.
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Other Salaries and Wages: $0
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What is the mission statement of Garrett County Public Schools Foundation Inc?
The Garrett County Public Schools Foundation Inc's mission is to augment educational funding, thereby offering opportunities to both students and faculty that surpass what federal, state, and county tax dollars, along with the school system itself, can provide. The foundation's purpose is to provide support to schools, departments, special interests, and other projects, as long as they have been approved by the foundation. In essence, the foundationaims to enhance educational experiences beyond the standard budget, fostering growth and development for both students and educators.
What is the revenue of Garrett County Public Schools Foundation Inc?
Garrett County Public Schools Foundation Inc's revenue in 2024 was $551,737.
Who are the executives of Garrett County Public Schools Foundation Inc and what are their salaries?
There 9 volunteers at Garrett County Public Schools Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Garrett County Public Schools Foundation Inc?
Garrett County Public Schools Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Garrett County Public Schools Foundation Inc
Garrett County Public Schools Foundation Inc's mission is centered around supplementing educational funding to extend opportunities beyond the constraints of federal, state, and county tax dollars, and the capabilities of the school system itself. This nonprofit organization aims to provide additional resources to both students and faculty, enabling them to explore and excel in areas that might otherwise be unattainable. By doing so, Garrett County Public Schools Foundation Inc seeks to enrich the educational experience and foster growth beyond the standard curriculum.
In pursuit of its mission, Garrett County Public Schools Foundation Inc provides program support to various schools, departments, special interests, and projects that have been approved by the foundation. This support helps to enhance the learning environment and facilitate the implementation of innovative projects, ultimately benefiting the students and faculty of the school system. By acting as a catalyst for educational advancement, Garrett County Public Schools Foundation Inc plays a vital role in fostering a well-rounded and enriching educational experience for all involved.
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Impact
July, 2024
Garrett County Public Schools Foundation Inc's impact lies in supplementing educational funding to provide students and faculty with opportunities beyond what federal, state, and county tax dollars and the school system can offer. The foundation's support extends to schools, departments, special interests, and other approved projects, ultimately enriching the educational experience for students and faculty in McHenry, Maryland. By focusing on enhancing educational opportunities, the foundation plays a crucial role in promoting academic success and enrichment within the community.
This information is meant to be a general summary of Garrett County Public Schools 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 2024.
- Investment Income: $21,284
- Gross Receipts: $632,349
Assets and Liabilities:
- Total Assets: $582,087
- Total Liabilities: $0
- Net Assets: $582,087
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Organization Details
Founding Year
2016
Principal Officer
Thomas Carr
NTEE Category
Code: B19 - Education
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