Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “The gisd educational foundation enriches the educational experience and prepares students for the future by providing financial support to educators, schools and students.”.

When discussing its purpose, they were characterized as: “To promote and enhance quality education in the galveston independent school district.”.

• The state in which the non-profit is legally authorized to operate is TX, as reported.
• The filing confirms that the non-profit's address in 2020 was 3904 AVE T, GALVESTON, TX, 77550.
• The form of the non-profit reports 0 employees as of 2020.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor-advised fund.
• Is not a private foundation.
• Expenses are between $250,000 and $500,000.
• Revenue is between $250,000 and $500,000.
• Revenue less expenses is $34,405.
• The remuneration of the CEO of the organization is based on an independent review and approval process.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 13 independent voting members.
• The organization was formed in 2002.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule O.
• The organization pays $59,463 in salary, compensation, and benefits to its employees.
• The organization pays $8,695 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization has fundraising events.
• The organization has grants to organizations.
• The organization's financial statements were reviewed by an accountant.