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Nonprofiteer
← GRATITUDE INITIATIVE

Form 990 for tax year 2022

Filed by GRATITUDE INITIATIVE.

Totals

Total revenue
$626,503
Total expenses
$351,610
Contributions and grants received
$626,503
Grants paid
$230
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$680,554
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$680,554
Program services expenses (Part IX)
$335,101
Management and general expenses
$9,571
Fundraising expenses
$6,938
Program service expenses (Part III)
$335,101

Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $626,503

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $230 · program services $230

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $475 · management and general $475

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $173 · management and general $173

  • 23 · Insurance

    total $891 · management and general $891

  • 24a · Other expenses: PROGRAM EXPENSES

    total $334,871 · program services $334,871

  • 24b · Other expenses: FUNDRAISING

    total $6,938 · fundraising $6,938

  • 24c · Other expenses: PROFORMA

    total $4,350 · management and general $4,350

  • 24d · Other expenses: RENT

    total $1,360 · management and general $1,360

  • 24e · All other expenses

    total $2,322 · management and general $2,322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $405,488 · end of year $680,554

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $3,011

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,011

  • 10c · Land, buildings and equipment, net

    beginning of year $173 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $405,661 · end of year $680,554

Mission and programs · 2022

Mission

Founded in 2013, Gratitude Initiative is celebrating ten years of honoring 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.

  • 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.

    Expenses $335,101

As filed on the 2022 return.

Listed in Part VII

  • RL SECHRIST II

    Executive Dir.

    Total calculated
    $0
    Hours/week
    10
  • JILL SHARP

    Director

    Total calculated
    $0
    Hours/week
    0
  • MARTY MELTON

    Director

    Total calculated
    $0
    Hours/week
    0
  • JASON LOVELESS

    Director

    Total calculated
    $0
    Hours/week
    0
  • JAMES STEELE

    Director

    Total calculated
    $0
    Hours/week
    0
  • JAMES P MOON

    Secretary

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 August 2023
IRS schema version
2022v5.0
Source object
202342349349301754

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