Overview
What is Grsp Foundation Inc?
Grsp Foundation Inc, based in Savannah, Georgia, is a nonprofit organization dedicated to supporting and furthering the objectives of Rotary. Their primary mission involves managing funds, raising resources, and granting scholarships to aid in the Rotary's charitable student programs. Specifically, they provide scholarships for international students to study in Georgia for a year at the university level through the Georgia Rotary Student Program. This initiative allows these students to gain valuable educational experiences and contribute to the diverse academic and cultural landscape of the state.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69% overall score). This rating indicates that while the Grsp Foundation Inc demonstrates some strengths, there are significant areas that require improvement, particularly in accountability and transparency.
The organization showcases a strong governance structure, with 100% of its board members being independent, which is commendable. Additionally, it maintains a high program expense ratio of 91.13%, suggesting that a significant portion of its funds is directed towards its mission-related activities. However, the foundation faces critical shortcomings, specifically the absence of financial statements and lack of key policies such as conflict of interest and whistleblower protections.
Limitations in transparency are evident, as essential documents, including tax forms and policy guidelines, are missing from its website. These deficiencies hinder the foundation's overall accountability and might affect public trust. Addressing these issues could improve its standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Grsp Foundation Inc legitimate?
Grsp Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grsp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Grsp Foundation Inc?
The Grsp Foundation Inc's mission is centered around supporting and carrying out functions that are essential and integral to the achievement of Rotary's exempt purposes. This involves actively engaging in fund management, fundraising, and grant-making, all aimed at supporting Rotary's charitable student programs. Specifically, the foundation focuses on supporting the Georgia Rotary Student Program, providing scholarships to international students for a year of study at the university level within the state of Georgia.
Who is the CEO of Grsp Foundation Inc?
Joseph Jones is the Director of Grsp Foundation Inc.
What is the revenue of Grsp Foundation Inc?
Grsp Foundation Inc's revenue in 2022 was $1,060,324.
Who are the executives of Grsp Foundation Inc and what are their salaries?
There 116 volunteers at Grsp Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Grsp Foundation Inc?
Grsp Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grsp Foundation Inc
Grsp Foundation Inc is committed to supporting and carrying out functions that are essential and integral to the achievement of the exempt purposes of Rotary. Its primary mission is to aid the Georgia Rotary Student Program by engaging in fund management, fundraising, and grant-making, all with the aim of supporting Rotary's charitable student programs.
In simpler terms, Grsp Foundation Inc serves as a vital partner to the Georgia Rotary Student Program, providing financial backing and resources to enable the organization to fulfill its objectives. The foundation's role is multifaceted, involving fund management to ensure the efficient use of resources, active fundraising to expand its financial capabilities, and grant-making to distribute funds to deserving student programs under Rotary's charitable umbrella.
The core purpose of Grsp Foundation Inc is to empower the Georgia Rotary Student Program by providing scholarships to international students, enabling them to pursue higher education at the university level in the state of Georgia for a period of one year. This initiative not only fosters academic growth but also promotes cultural exchange and international understanding, aligning with Rotary's broader mission of service and peace.
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Impact
July, 2024
Grsp Foundation Inc's impact can be seen through the scholarships provided to international students through the Georgia Rotary Student Program. These scholarships allow students to study for one year at the university level in the state of Georgia, providing them with valuable educational opportunities and experiences. By engaging in fund management, fundraising, and grant-making, Grsp Foundation Inc plays a crucial role in supporting these charitable student programs and furthering the mission of the Rotary.
This information is meant to be a general summary of Grsp 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 2022.
- Investment Income: $729,310
- Gross Receipts: $1,919,585
Assets and Liabilities:
- Total Assets: $15,605,177
- Total Liabilities: $183,594
- Net Assets: $15,421,583
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Organization Details
Founding Year
2020
Phone
(770) 449-4921Principal Officer
Joseph Jones
Main Address
15 E MONTGOMERY CROSSROADS, SAVANNAH, GA, 31406
NTEE Category
Code: A12 - Arts
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