nonprofit logo

Governor's Scholars Program Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611393028 ✦ Frankfort, KY ✦ Designated as a 501(c)(3)

Overview

What is Governor's Scholars Program Foundation Inc?

Governor's Scholars Program Foundation Inc, located in Frankfort, Kentucky, is a nonprofit organization with a single employee. Their primary mission is to raise and manage financial support for the Governor's Scholars Program, Inc. (GSP). This includes providing financial assistance to various educational initiatives under GSP. Additionally, they offer planned giving opportunities for donors who wish to support GSP's mission. By doing so, the Foundation contributes to the enrichment of educational programs for students within the Governor's Scholars Program.


Official website here: www.gsp.ky.gov

Is Governor's Scholars Program Foundation Inc legitimate?

Governor's Scholars Program Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Governor's Scholars Program 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.

Here are some key statistics you may want to consider:

Executive Compensation: $132,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gsp.ky.gov

What is the mission statement of Governor's Scholars Program Foundation Inc?

The Governor's Scholars Program Foundation Inc's mission is to support the Governor's Scholars Program financially. This involves raising funds and managing them effectively. Additionally, the foundation offers planned giving opportunities for donors who wish to contribute to the program. The financial support provided by the foundation is channeled towards various educational initiatives under the Governor's Scholars Program.


Official website here: www.gsp.ky.gov

Who is the CEO of Governor's Scholars Program Foundation Inc?

William Malone is the President/Secretary of Governor's Scholars Program Foundation Inc.


Official website here: www.gsp.ky.gov

What is the revenue of Governor's Scholars Program Foundation Inc?

Governor's Scholars Program Foundation Inc's revenue in 2022 was $651,381.


Official website here: www.gsp.ky.gov

Who are the executives of Governor's Scholars Program Foundation Inc and what are their salaries?

The average compensation at Governor's Scholars Program Foundation Inc during 2022 was $132,192. There are 1 employees and 7 volunteers at Governor's Scholars Program Foundation Inc.

Here are 8 key members and their salaries:

    Doug Draut (President/Secretary) [Trustee/Director]
  • Compensation: $117,254
  • Related: $0
  • Other: $14,938

    • Alan Stein (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vince Gabbert (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Malone (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Coleman Pritchard (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold H Hal Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wayne M Martin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trey Grayson (Gsp Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.gsp.ky.gov

    Where can I find the form 990 for Governor's Scholars Program Foundation Inc?

    The Governor's Scholars Program Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.gsp.ky.gov

    Learn more at the official website: www.gsp.ky.gov

    Mission Statement of Governor's Scholars Program Foundation Inc

    The Governor's Scholars Program Foundation Inc, in its mission, focuses on raising and managing financial support for the Governor's Scholars Program Inc (GSP). This dedicated organization seeks to offer planned giving opportunities for donors who are passionate about contributing to the betterment of GSP. The primary objective of the Foundation is to provide financial assistance to various educational programs under the Governor's Scholars Program Inc. By doing so, it plays a crucial role in supporting the growth and development of these educational initiatives.

    Impact

    This information is meant to be a general summary of Governor's Scholars Program Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Governor's Scholars Program Foundation Inc has a significant impact on the educational landscape by providing financial support for the Governor's Scholars Program. This support enables the Governor's Scholars Program, Inc. to offer various educational programs that benefit students in Kentucky. Through its mission to raise and manage financial support for the Governor's Scholars Program, Inc., as well as provide planned giving opportunities for donors interested in supporting GSP, the foundation plays a crucial role in advancing educational opportunities for young scholars.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $51,275
  • Program Service Revenue: $0
  • Gross Receipts: $844,526

    • Assets and Liabilities:
  • Total Assets: $3,597,407
  • Total Liabilities: $38,553
  • Net Assets: $3,558,854
  • Organization Details

    Founding Year

    2001

    Principal Officer

    William Malone

    Main Address

    112 CONSUMER LANE, FRANKFORT, KY, 40601

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Governor's Scholars Program Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.