Gratitude Initiative
- Assets
- $650.4k
- Revenue
- $708.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Red Oak, TX
- Founding
- 12/2013
- Data as of
- 12/2023
- EIN
- 46-3306022
Organization Overview
Gratitude Initiative is located in Red Oak, 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 12/2023, Gratitude Initiative generated $708.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $848.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2023, GRATITUDE INITIATIVE HONORS THE SERVICE AND SACRIFICE OF OUR MILITARY AND LAW-ENFORCEMENT FAMILIES BY PROVIDING ESSENTIAL EDUCATION PROGRAMS AND SCHOLARSHIPS TO HELP THEIR CHILDREN SUCCEED IN COLLEGE, CAREER, AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH DAY, BOTH IN OUR OWN COMMUNITIES AND AROUND THE GLOBE, BRAVE MOMS AND DADS RISK THEIR LIVES TO KEEP US SAFE AND FREE. OUR MILITARY SERVICE MEMBERS AND LAW ENFORCEMENT OFFICERS DESERVE OUR DEEPEST GRATITUDE. WE BELIEVE THERE IS NO GREATER WAY TO HONOR THEIR SACRIFICE THAN TO HELP PREPARE THEIR CHILDREN FOR COLLEGE AND A SUCCESSFUL FUTURE.GRATITUDE INITIATIVES COLLEGE SUCCESS ACADEMY PROGRAM IS THE MOST COMPREHENSIVE CAREER AND COLLEGE COUNSELING, SAT/ACT PREP, AND FINANCIAL AID COUNSELING PROGRAM AVAILABLE TODAY. IT IS PROVIDED FREE OF CHARGE TO THE FAMILIES WE SERVE. GIS LOW-COST, HIGH-IMPACT PROGRAM IS INCREASING COLLEGE ACCESS AND DEGREE ATTAINMENT FOR THESE YOUNG HEROES, INCLUDING MANY STUDENTS WHO ARE THE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE.GI IS THE ONLY NONPROFIT PROVIDING COMPREHENSIVE COLLEGE/CAREER PREP FOR MILITARY AND LAW ENFORCEMENT TEENS. OVER THE PAST SIX YEARS, OUR RESULTS HAVE BEEN UNPARALLELED: 99% OF STUDENTS WERE ACCEPTED INTO ONE OR BOTH OF THEIR TOP TWO COLLEGES, THE AVERAGE FINANCIAL AWARD FROM THEIR COLLEGES HAS BEEN $23,587/YEAR, 100% SAID OUR PROGRAM REDUCED STRESS AND HELPED THE STUDENTS BETTER FOCUS ON THEIR HIGH SCHOOL CLASSES.GI'S COLLEGE SUCCESS ACADEMY IS A FULL-SERVICE PROGRAM THAT:1. REMOVES THE STRESS OF COLLEGE PLANNING SO THE FAMILY CAN FOCUS ON OTHER PRESSING MATTERS.2. HELPS BRING STABILITY WHEN FREQUENT MOVES CREATE EDUCATIONAL HARDSHIPS FOR THE CHILDREN.3. IMPACTS THE ENTIRE FAMILY BY HELPING REDUCE STRESS WHILE SAVING TIME AND MONEY.4. CREATES A LEGACY AS A COLLEGE DEGREE IMPACTS THE STUDENT, THEIR FAMILY, AND THEIR COMMUNITY FOR GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rl Sechrist II Executive Dir. | Trustee | 10 | $0 |
Jill Sharp Director | Trustee | 0 | $0 |
Marty Melton Director | Trustee | 0 | $0 |
Jason Loveless Director | Trustee | 0 | $0 |
James Steele Director | Trustee | 0 | $0 |
James P Moon Secretary | Officer | 1 | $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 | $708,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $708,856 |
| 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 | $708,856 |
| 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 | $5,199 |
| Fees for services: Accounting | $17,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,409 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,683 |
| 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 | $493 |
| Insurance | $1,053 |
| All other expenses | $764 |
| Total functional expenses | $848,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $2,968 |
| Net Land, buildings, and equipment | $1,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $650,448 |
| Accounts payable and accrued expenses | $109,656 |
| 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 | $109,656 |
| 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 | $540,792 |
| Total liabilities and net assets/fund balances | $650,448 |