Overview
What is Pyrrha Gladys Grodman Educational Trust?
The Pyrrha Gladys Grodman Educational Trust is a charitable organization based in Ruston, Louisiana. Its primary objective is to offer financial aid to students and alumni affiliated with the University of Guadalajara Foundation in the United States, providing need-based scholarships to those enrolled at UDG. Furthermore, the trust aims to fund scholarships and awards for distinguished artists hailing from the state of Jalisco. Additionally, it supports artistic and cultural programs that benefit Latinx students and alumni residing in the U.S., with an annual distribution capacity of up to $1,000,000 to the Foundation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. The Pyrrha Gladys Grodman Educational Trust has a relatively average score, reflecting some strengths in its governance and financial management. Notably, it has a fully independent board, a strong liabilities to assets ratio, and a high program expense ratio, indicating that a significant portion of its budget is directed towards its programs.
However, the organization has several weaknesses that impact its overall rating. Notably, it lacks essential policies such as a Conflict of Interest Policy, a Whistleblower Policy, and Document Retention and Destruction policy, which are critical for maintaining transparency and accountability. Additionally, the absence of its website on tax forms and the failure to post its tax form on its website contribute to lower scores in these areas.
Overall, while the Pyrrha Gladys Grodman Educational Trust demonstrates strong financial practices and governance, it needs to address its deficiencies in policy documentation and transparency to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Pyrrha Gladys Grodman Educational Trust legitimate?
Pyrrha Gladys Grodman Educational Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pyrrha Gladys Grodman Educational Trust 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: $22,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pyrrha Gladys Grodman Educational Trust?
The Pyrrha Gladys Grodman Educational Trust aims to support students and alumni of the University of Guadalajara Foundation in the United States. It provides need-based scholarships to students attending the university, funds scholarships and prizes for prominent artists from Jalisco, and supports artistic and cultural programs benefiting Latino students and alumni living in the United States. The trust makes annual distributions of up to $1,000,000 to the foundation for these purposes.
Who is the CEO of Pyrrha Gladys Grodman Educational Trust?
Argent Trust Company is the Principal Officer of Pyrrha Gladys Grodman Educational Trust.
What is the revenue of Pyrrha Gladys Grodman Educational Trust?
Pyrrha Gladys Grodman Educational Trust's revenue in 2022 was $151,511.
Who are the executives of Pyrrha Gladys Grodman Educational Trust and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $22,621
- Related: $0
- Other: $0
Where can I find the form 990 for Pyrrha Gladys Grodman Educational Trust?
Pyrrha Gladys Grodman Educational Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pyrrha Gladys Grodman Educational Trust
The Pyrrha Gladys Grodman Educational Trust is committed to supporting students and alumni of the University of Guadalajara Foundation in the United States. The primary focus of this trust is to provide need-based scholarships to students attending the University of Guadalajara. Additionally, the trust aims to fund scholarships and prizes for prominent artists hailing from the state of Jalisco. Furthermore, the trust supports artistic and cultural programs that benefit Latino students and alumni residing in the United States. The trust is set to distribute up to $1,000,000 annually to the Foundation.
In essence, the Pyrrha Gladys Grodman Educational Trust serves as a beacon of hope for students and alumni of the University of Guadalajara Foundation in the United States. By offering need-based scholarships, the trust helps students overcome financial barriers and pursue their academic goals. Moreover, the trust's dedication to funding prominent artists and supporting artistic and cultural programs enriches the lives of Latino students and alumni, fostering a sense of community and cultural appreciation. The trust's annual distribution of funds to the Foundation underscores its commitment to its mission, ensuring that it can continue to make a positive impact in the lives of its beneficiaries.
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Impact
October, 2024
The Pyrrha Gladys Grodman Educational Trust creates significant impact by providing vital financial support for students and alumni of the University of Guadalajara Foundation in the United States. By offering need-based scholarships, it enables students from diverse backgrounds to pursue higher education, alleviating financial barriers that may otherwise hinder their academic and professional aspirations.
Additionally, the Trust enhances cultural enrichment by funding scholarships and prizes for prominent artists from the State of Jalisco, acknowledging and promoting artistic excellence. This focus fosters a deeper appreciation for the arts and culture within the Latino community.
Moreover, the Trust supports various artistic and cultural programs aimed at benefiting Latino students and alumni living in the United States. By investing up to $1,000,000 annually into these initiatives, the Trust not only empowers individuals but also strengthens community ties, ensuring that the cultural heritage is preserved and celebrated. Collectively, these efforts contribute to a more inclusive and enriched educational landscape for Latino students.
This information is meant to be a general summary of Pyrrha Gladys Grodman Educational Trust. 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: $104,256
- Gross Receipts: $2,556,242
Assets and Liabilities:
- Total Assets: $4,992,800
- Total Liabilities: $0
- Net Assets: $4,992,800
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Organization Details
Founding Year
2017
Phone
(318) 251-5806Principal Officer
Argent Trust Company
Main Address
500 EAST REYNOLDS DRIVE, RUSTON, LA, 71270
NTEE Category
Code: B11 - Education
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