Overview
What is Gowest Foundation?
Gowest Foundation is a nonprofit organization that operates in the regions of Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming. Its mission is to leverage the collective strength of a network of credit unions to bolster the financial well-being of individuals and communities within these regions. The foundation provides funding through its Grants Development Program and Public Education Program, which support credit unions and their staff in implementing programs and education initiatives aimed at enhancing financial literacy. The foundation's activities are uniquely positioned to make a significant impact in the financial lives of people and communities within its service area.
Official website here: www.gowestfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Gowest Foundation has achieved an impressive 96% score, reflecting its strong commitment to accountability and finance. This high rating is derived solely from its Accountability & Finance metrics, where it excelled in various aspects such as maintaining a fully independent board, effective audit and oversight mechanisms, and comprehensive policies for conflict of interest and whistleblowing.
The foundation's board consists of 14 independent members, demonstrating its dedication to governance and oversight. Additionally, it has been noted for its excellent financial health, with a low liabilities to assets ratio of 0.66%, indicating solid financial stability. The program expense ratio of 71.33% suggests that a significant portion of its resources is directed towards its programs, further emphasizing its commitment to fulfilling its mission.
Overall, the Gowest Foundation stands out for its transparency, strong governance practices, and effective financial management. However, there is no mention of specific programs or direct impact assessments, which could enhance understanding of its effectiveness in achieving its charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is Gowest Foundation legitimate?
Gowest Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gowest 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.gowestfoundation.org
What is the mission statement of Gowest Foundation?
The Gowest Foundation, supported by a network of credit unions, is uniquely positioned to harness and distribute resources aimed at enhancing the financial well-being of individuals and communities in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming. Their mission is to utilize this network to strengthen the financial lives of these communities by providing funding and educational resources for programs focused on financial improvement. Through their Grants Development Program and Public Education Program, they offer financial aid and educational opportunities to credit unions and their staff, thereby contributing to the betterment of financial lives across the region.
Official website here: www.gowestfoundation.org
Who is the CEO of Gowest Foundation?
Jennifer Huggard is the Chair of Gowest Foundation.
Official website here: www.gowestfoundation.org
What is the revenue of Gowest Foundation?
Gowest Foundation's revenue in 2022 was $1,250,244.
Official website here: www.gowestfoundation.org
Who are the executives of Gowest Foundation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.gowestfoundation.org
Where can I find the form 990 for Gowest Foundation?
Gowest Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gowestfoundation.org
Learn more at the official website: www.gowestfoundation.org
Mission Statement of Gowest Foundation
Gowest Foundation, uniquely positioned by a network of credit unions, is committed to harnessing and delivering resources that strengthen the financial lives of individuals and communities in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming. The organization leverages its network to provide funding through its Grants Development Program and Public Education Program, which support programs and education focused on improving the financial well-being of people and communities across the region. By prioritizing financial literacy and empowerment, Gowest Foundation aims to foster resilient and financially secure communities.
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Impact
July, 2024
Gowest Foundation's impact lies in its unique ability to harness and deliver resources that strengthen the financial lives of individuals and communities across Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming. Through its grants development program and public education initiatives, Gowest Foundation provides funds to credit unions and their staff for programs and education focused on improving financial well-being. By empowering these institutions and individuals with the tools and knowledge to enhance financial literacy and stability, Gowest Foundation plays a crucial role in building stronger and more resilient communities in the region.
This information is meant to be a general summary of Gowest 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 2022.
- Investment Income: $159,974
- Gross Receipts: $1,250,244
Assets and Liabilities:
- Total Assets: $8,102,504
- Total Liabilities: $53,996
- Net Assets: $8,048,508
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Organization Details
Founding Year
1993
Phone
(800) 995-9064Principal Officer
Jennifer Huggard
Main Address
18000 INTERNATIONAL BLVD STE 1102, SEATAC, WA, 98188
Website
www.gowestfoundation.orgNTEE Category
Code: P00Z - Human services
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