Gratitude Initiative
- Assets
- $248.3k
- Revenue
- $375.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bryan, TX
- Founding
- 12/2013
- Data as of
- 12/2019
- EIN
- 46-3306022
Organization Overview
Gratitude Initiative is located in Bryan, TX. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gratitude Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Gratitude Initiative generated $375.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $285.1k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE GRATITUDE INITIATIVE'S MISSION IS TO PROVIDE EDUCATIONAL SUPPORT AND SCHOLARSHIPS TO THE CHILDREN AND FAMILIES OF MILITARY SERVICE MEMBERS, VETERANS, DISABLED VETERANS, AND THOSE KILLED IN DEFENSE OF OUR COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GI COLLEGE SUCCESS ACADEMY HONORS ACTIVE DUTY, VETERAN, WOUNDED WARRIORS, AND OUR FALLEN HEROES FAMILIES WITH A FREE, FULL-SERVICE COLLEGE PLANNING PROGRAM AVAILABLE ONLINE & SUPPORTED BY DEGREED COUNSELORS WHO WORK WITH MILITARY FAMILIES AROUND THE GLOBE. WE ENROLL FAMILIES WITH STUDENTS IN THE 8TH 12TH GRADE AND SUPPORT THEM THROUGH COLLEGE GRADUATION. OUR PROGRAM INCLUDES EXPERT STEP-BY-STEP GUIDANCE, COLLEGE/CAREER ADVISING, TIMELY EMAIL REMINDERS TO KEEP EVERYONE ON TRACK, SCHEDULED CALLS TO ASSESS PROGRESS/SET GOALS, APPLICATION/ESSAY REVIEWS, TEST PREP (PSAT/SAT/ACT), FINANCIAL AID COUNSELING/REVIEWS, AND ADVISOR SUPPORT THROUGH COLLEGE GRADUATION. THIS PROGRAM GREATLY REDUCES STRESS ON THESE FAMILIES WHO ARE ALREADY DEALING WITH MULTIPLE SERIOUS ISSUES. OUR RESULTS ARE IMPRESSIVE: 100% OF GI FAMILIES WOULD RECOMMEND OUR PROGRAM, OUR STUDENTS HAVE RECEIVED AN AVERAGE ANNUAL FINANCIAL AID PACKAGE OF $22,000 PER STUDENT PER YEAR, 100% OF OUR SENIOR CLASS WAS ACCEPTED INTO ONE OF THEIR TOP 2 COLLEGES, AND OUR COLLEGE FRESHMAN PERSISTENCY RATE WAS 98%. WE CURRENTLY SERVE FAMILIES IN 35 STATES, AS WELL AS SEVERAL WHO ARE STATIONED OUTSIDE OF THE US, ENSURING THAT THE STUDENTS ARE COLLEGE READY, AND MAKING SOUND COLLEGE/CAREER CHOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Moon Secretary | Officer | 1 | $0 |
Jill Sharp Director | Trustee | 0 | $0 |
Brent D Vander Pol Director | Trustee | 0 | $0 |
Rl Sechrist II Executive Dir. | Trustee | 10 | $0 |
James Steele Director | Trustee | 0 | $0 |
Jason Loveless Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $374,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,963 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $374,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $578 |
| Insurance | $891 |
| All other expenses | $5,557 |
| Total functional expenses | $285,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,451 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $248,318 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $248,318 |
| Total liabilities and net assets/fund balances | $248,318 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gratitude Initiative has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Navy Seal Foundation Inc Virginia Beach, VA PURPOSE: EDUCATION (NSW CHILDREN): PROVIDES COLLEGE PREP ASSISTANCE TO NSW HIGH SCHOOL STUDENTS | $50,000 |
Bevp Dallas, TX PURPOSE: TO PROVIDE EDUCATIONAL SUPPORT AND COLLEGE SCHOLARSHIPS TO THE CHILDREN OF OUR MILITARY SERVICE MEMBERS, VETERANS, DISABLED VETERANS, AND THOSE KILLED IN DEFENSE OF OUR COUNTRY. | $25,000 |
Special Forces Charitable Trust Southern Pines, NC PURPOSE: FAMILY ASSISTANCE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |