Granite Education Foundation
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Granite Education Foundation does not meet the following 1 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
The charity does not meet this Standard because:
The organization does not have a board policy on assessing organizational performance and effectiveness.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 7
Granite Education Foundation meets the remaining 18 Standards for Charity Accountability.
Stated Purpose:
"To reduce barriers to learning and increase
access to opportunities for student and teachers in the Granite School
District."
Year, State Incorporated:
1984, UT
We execute our mission
through a four-pillar approach: Access to Opportunities, Educator Recognition
& Support, Food Assistance, and Student Aid. Within each of these pillars is housed
specific programs that aim to support and sustain students and teachers. For
Example:
Access to
Opportunities: Bus Passes, college visits, scholarships, Absolutely Incredible
Kid, Unified Sports, and more.
Educator Recognition
& Support: EXCEL, New Teacher Store, Thank You Thursday, Apple Grants, and
Teacher Appreciation Fair.
Food Assistance: We
feed students in class, on weekends, and in emergencies. We provide snack kits
and snacks for in class, Student Weekend Kits to feed students on the weekends,
and Emergency Food Boxes to feed students in emergencies.
Student Aid: clothes,
shoes, coats, beds, bedding, hygiene kits, vision assistance, backpacks with
school supplies, and Santa Sacks.
For the year ended June 30, 2024, Granite Education Foundation's program expenses were:
| Programs | $4,251,505 |
| Total Program Expenses | $4,251,505 |
Chief Executive
Jadee Talbot, Executive Director
Compensation*
$203,486
Chair of the Board
Carrie Johnson
Chair's Profession / Business Affiliation
CompHealth
Board Size
11
Method(s) Used:
Print advertisements (newspapers, magazines, etc.), Television, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Granite Education Foundation's audited financial statements for the year ended June 30, 2024.
Source of Funds
| In Kind Contributions | $2,158,323 |
| Contributions | $1,218,016 |
| Grants | $1,119,766 |
| Net Investment Gain | $322,851 |
| Fundraising Events | $246,873 |
| Total Income | $5,065,829 |
Programs: 92% Fundraising: 3% Administrative: 5%
| Total Income | $5,065,829 |
| Total expenses: | $4,629,503 |
| Program expenses | $4,251,505 |
| Fundraising expenses | $146,943 |
| Administrative expenses | $231,055 |
| Other expenses | $0 |
| Income in Excess of Expenses | $436,326 |
| Beginning Net Assets | $3,173,561 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $3,609,887 |
| Total Liabilities | $435,787 |
| Total Assets | $4,045,674 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
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