February 3, 2021 Boca Raton, Florida
Grey Team recently earned the Gold Seal of Transparency from GuideStar, the world’s largest database of nonprofit organizations. Less than five percent of non-profits registered with GuideStar are recognized with a Gold Seal. A Gold Seal status is the leading symbol of non-profit transparency and accountability.
The Gold Seal means Grey Team has published qualitative information about our goals, strategies, and vision. Grey Team is dedicated to providing current and potential donors with accurate and in-depth knowledge about the many ways we are responsibly advancing our mission and vision with all donations we receive.
GuideStar provides a Seal rating (Bronze, Silver, Gold, or Platinum) on all 1.8 million IRS-registered nonprofit organizations. The goal is to provide as much information as they can so that a donor can make his or her own determination of where to donate money. The elements provided on each nonprofit can include:
- Verification of registration with the IRS
- Financial data: Annual Revenue and Expenses, including IRS Forms 990 and independent audit reports
- Mission Objectives
- Impact Summary: from the nonprofit
- Individual reviews from those who’ve volunteered information on the nonprofit either directly through GuideStar or through the partner organization, GreatNonprofits.
This information can then be used by both the nonprofit to encourage prospective donors, and, by donors to best determine who should get their money. Most information is available free online to website visitors. Additional information, plus data in downloadable formats, are available by subscription.
GuideStar is often utilized by businesses, organizations, and foundations to quickly get information on a nonprofit. For example, Google’s giving arm – Google Grants – uses the GuideStar list to verify the existence and registration status of each nonprofit applying for a grant worth $120,000 per year of free AdWords advertising. Because of this reliance by grantmakers, it is important to nonprofits to ensure their information is up-to-date and as complete as possible in the GuideStar database. To learn more about GuideStar, visit: http://www.guidestar.org
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