Gacs Educational Foundation Inc

Overview

The Gacs Educational Foundation Inc is a 501(c)(3) nonprofit organization focused on providing educational scholarships to the children of employees belonging to member organizations of the Georgia Association of Christian Schools (GACS). The foundation operates under a mission to support the educational growth of these children by offering financial assistance.

Mission

The primary mission of Gacs Educational Foundation Inc is centered around providing scholarships to eligible students. The organization's activities are designed to empower educational pursuits, particularly targeting children of GACS member employees. In recent years, the foundation has awarded scholarships to numerous students, reflecting its commitment to supporting their educational endeavors.

Programs

• Scholarship Program: The foundation awards scholarships to students who meet specific eligibility criteria, typically including being the child of an employee within a GACS member organization.
• Financial Support: By offering these scholarships, the organization contributes positively to the educational opportunities available to these students, helping them pursue higher education.

Financials

• The foundation reported $46,931 in gross receipts as of its most recent financial disclosure.
• It had $130,228 in total assets with no liabilities.
• Program expenses comprised a significant portion of its expenditures, indicating a strong commitment to its mission.

Governance

Gacs Educational Foundation Inc is led by its leadership team, which oversees the organization's activities, ensuring alignment with its mission and financial responsibilities. However, the foundation lacks certain governance policies, such as a conflict of interest policy, which could impact its accountability.

Rating and Accountability

The organization has received a three-star rating from Charity Navigator, reflecting its overall accountability and financial health. While it excels in governance and financial management, areas for improvement remain, particularly in policy development.

Gacs Educational Foundation Inc submitted a Form 990, demonstrating operational transparency and compliance with regulatory requirements. Donations to the organization are tax-deductible.

[1] https://givefreely.com/charity-directory/nonprofit/ein-593766063/ [2] https://gacs.org/about/ [3] https://www.gacs.com/educational-foundation.html [4] https://projects.propublica.org/nonprofits/organizations/593766063 [5] https://bigfuture.collegeboard.org/scholarships/gacs-educational-foundation-scholarship