Overview
What is Texas Trust Gives?
Texas Trust Gives is a charitable organization based in Arlington, Texas, with a mission to invest in their communities and build brighter financial futures. They accomplish this through three primary initiatives: volunteerism, scholarships, and grants. By volunteering, they contribute to community development. Through scholarships, they financially support students pursuing higher education. And, through grants, they provide financial aid to local non-profit organizations that align with their employees' volunteer efforts. In the recent past, they have distributed funds to support K-12 students, award scholarships to students, and donate to non-profits within their service area, totaling over $188,000.
Official website here: www.texastrust.gives
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Texas Trust Gives has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating indicates that while the organization demonstrates some strengths in governance, there are significant areas for improvement, particularly in accountability and transparency. The organization boasts a fully independent board and a favorable liabilities to assets ratio, reflecting strong financial health and governance practices.
However, the nonprofit faces critical shortcomings in its financial reporting and policy implementation. Notably, it lacks financial statements, which significantly impacts its score, as well as missing key policies such as conflict of interest, whistleblower protection, and document retention. These deficiencies highlight a need for better operational practices to ensure accountability and build trust with stakeholders.
Despite the high program expense ratio of 91.91%, suggesting that a large proportion of expenditures are directed towards its programs, the absence of critical financial documents and policies may raise concerns for potential donors. Improving transparency and addressing these policy gaps could enhance the organization's overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Trust Gives legitimate?
Texas Trust Gives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Trust Gives 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
Official website here: www.texastrust.gives
What is the mission statement of Texas Trust Gives?
Texas Trust Gives invests in communities to foster brighter financial futures. They achieve this goal through three primary methods: volunteerism, scholarships, and grants. The foundation supports K-12 students and their educators by providing resources such as supplies and financial literacy education, awards scholarships to students enrolled in higher academic institutions, and donates to non-profits that align with the volunteer efforts of Texas Trust's employees.
Official website here: www.texastrust.gives
What is the revenue of Texas Trust Gives?
Texas Trust Gives's revenue in 2023 was $335,335.
Official website here: www.texastrust.gives
Who are the executives of Texas Trust Gives and what are their salaries?
There 6 volunteers at Texas Trust Gives.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $82,195
- Other: $16,414
- Compensation: $0
- Related: $361,438
- Other: $60,375
- Compensation: $0
- Related: $86,602
- Other: $10,089
Official website here: www.texastrust.gives
Where can I find the form 990 for Texas Trust Gives?
Texas Trust Gives's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.texastrust.gives
Learn more at the official website: www.texastrust.gives
Mission Statement of Texas Trust Gives
Texas Trust Gives, a nonprofit organization, invests in communities to foster brighter financial futures. They achieve this mission through three primary avenues: volunteerism, scholarships, and grants. By engaging in volunteer work, they contribute to community development. The scholarships they offer provide financial assistance to students pursuing higher education. Lastly, grants are awarded to non-profit organizations that align with Texas Trust Gives' goals, further strengthening the communities they serve. The organization has demonstrated its commitment to this mission by distributing funds to various entities, including $83,000 to K-12 schools, $42,000 in scholarships, and $63,086 to local non-profits.
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Impact
July, 2024
Texas Trust Gives has a significant impact on communities by investing in brighter financial futures through volunteerism, scholarships, and grants. The foundation awarded $83,000 to 9 school districts in Texas Trust Credit Union's footprint to support K-12 students and educators with essential supplies, financial literacy programs, and other resources. Additionally, $42,000 was awarded in scholarships to students enrolled in various higher academic institutions. Furthermore, Texas Trust Gives donated $63,086 to nonprofits located in the credit union's footprint, aligning with the volunteerism efforts of Texas Trust's employees. This multi-faceted approach to giving back demonstrates the organization's commitment to improving the lives of individuals and communities in need.
This information is meant to be a general summary of Texas Trust Gives. 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: $43,743
- Gross Receipts: $335,335
Assets and Liabilities:
- Total Assets: $1,618,872
- Total Liabilities: $0
- Net Assets: $1,618,872
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Organization Details
Founding Year
2019
Principal Officer
Washima Huq
Website
www.texastrust.givesNTEE Category
Code: T12 - Philanthropy
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