Overview
What is Gamma Alpha Educational Foundation C/O Scott Gray?
Gamma Alpha Educational Foundation C/O Scott Gray is a nonprofit organization situated in Los Angeles, California. The foundation's primary mission is to support higher education by offering scholarships to members of the Gamma Alpha Chapter of the Kappa Sigma Fraternity. It achieves this goal by investing accumulated funds and using the returns to grant scholarships to eligible students. The organization's activities are focused on providing financial assistance to deserving individuals, thereby contributing to their academic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
The Gamma Alpha Educational Foundation has received a low rating of 53%, indicating significant areas of concern in its accountability and financial practices. The one-star rating reflects a lack of independent board members, which raises questions about governance and oversight. Additionally, the absence of essential policies such as conflict of interest, whistleblower, and document retention policies further undermines the organization's accountability.
On a positive note, the foundation demonstrates a commendable program expense ratio of 100%, suggesting that all of its resources are directed towards its programs. Moreover, there is no material diversion of assets, which indicates financial integrity in terms of asset management. However, the missing website listed on the tax form and the failure to post tax forms on its website point to transparency issues that could hinder public trust.
Overall, while the Gamma Alpha Educational Foundation is fully committed to its program expenses, the lack of governance structure and transparency policies poses significant challenges to its credibility and effectiveness as a nonprofit organization. Addressing these gaps would be crucial for improving its standing and ensuring community confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Gamma Alpha Educational Foundation C/O Scott Gray legitimate?
Gamma Alpha Educational Foundation C/O Scott Gray is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamma Alpha Educational Foundation C/O Scott Gray 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 Gamma Alpha Educational Foundation C/O Scott Gray?
The Gamma Alpha Educational Foundation distributes scholarships from its invested funds to students who meet specific criteria, with the primary mission being to support members of the Gamma Alpha chapter of the Kappa Sigma fraternity. The organization accumulates funds through investments, which are subsequently utilized to provide financial aid to deserving Kappa Sigma fraternity members pursuing higher education.
Who is the CEO of Gamma Alpha Educational Foundation C/O Scott Gray?
Scott Gray is the Treasurer of Gamma Alpha Educational Foundation C/O Scott Gray.
What is the revenue of Gamma Alpha Educational Foundation C/O Scott Gray?
Gamma Alpha Educational Foundation C/O Scott Gray's revenue in 2023 was $62,691.
Who are the executives of Gamma Alpha Educational Foundation C/O Scott Gray and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gamma Alpha Educational Foundation C/O Scott Gray?
Gamma Alpha Educational Foundation C/O Scott Gray's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gamma Alpha Educational Foundation C/O Scott Gray
Gamma Alpha Educational Foundation C/O Scott Gray is an organization dedicated to providing college scholarships. The foundation draws from its invested funds to award scholarships to individuals who meet specific criteria, with a particular focus on members of the Gamma Alpha Chapter of the Kappa Sigma fraternity. This nonprofit's mission is to invest accumulated funds and utilize them to support the educational aspirations of eligible Kappa Sigma fraternity members. By offering financial assistance, Gamma Alpha Educational Foundation C/O Scott Gray plays a crucial role in enabling these students to pursue their academic goals and secure a brighter future.
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Impact
August, 2024
The impact of Gamma Alpha Educational Foundation, facilitated by Scott Gray, is significant in providing college scholarships to deserving students who are members of the Gamma Alpha chapter of the Kappa Sigma fraternity. Through the distribution of scholarships from invested funds, the foundation supports educational pursuits and contributes to the academic success of these students, ultimately helping them achieve their goals and aspirations. This direct support plays a crucial role in empowering students to further their education and make a positive impact in their communities.
This information is meant to be a general summary of Gamma Alpha Educational Foundation C/O Scott Gray. 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: $48,772
- Gross Receipts: $111,526
Assets and Liabilities:
- Total Assets: $459,257
- Total Liabilities: $0
- Net Assets: $459,257
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Organization Details
Founding Year
1934
Phone
(310) 849-9511Principal Officer
Scott Gray
Main Address
401 N CITRUS AVE, LOS ANGELES, CA, 90036
NTEE Category
Code: B12 - Education
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