Guardianship Services Inc
- Assets
- $978.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 35
- Location
- Fort Worth, TX
- Founding
- 03/1998
- Data as of
- 09/2023
- EIN
- 75-2739419
Organization Overview
Guardianship Services Inc, operating under the name Gsi, is located in Fort Worth, TX. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2023, Gsi employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gsi 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 09/2023, Gsi generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE GUARDIANSHIP AND ALTERNATIVE SERVICES TO INDIVIDUALS WHO HAVE NO FAMILY MEMBER OR FRIEND WHO IS WILLING, ABLE, OR SUITABLE TO ASSIST WITH THEIR NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUARDIANSHIP SERVICES, INC. (GSI) PROVIDES REPRESENTATIVE PAYEE SERVICES AS WELL AS MONEY MANAGEMENT SERVICES WHICH TEACH PERSONS WITH COGNITIVE DEFICITS TO BECOME MORE INDEPENDENT. THESE ALTERNATIVES FREQUENTLY DELAY OF PREVENT THE ESTABLISHMENT OF A GUARDIANSHIP. THEY ARE ALSO HIGHLY EFFECTIVE AT PREVENTING FINANCIAL EXPLOITATION. THESE VOLUNTARY SERVICES ARE LESS RESTRICTIVE ALTERNATIVES TO GUARDIANSHIP AND INCLUDE BILL PAYER SERVICES WHICH HELP AT-RISK CLIENTS CREATE AND FOLLOW A BUDGET, ORGANIZE AND PAY BILLS AS WELL AS REPRESENTATIVE PAYEE SERVICES WHICH PROVIDE A HIGHER LEVEL OF INCOME MANAGEMENT AND SECURITY TO AT-RISK ADULTS RECEIVING SOCIAL SECURITY, SUPPLEMENTAL SECURITY INCOME OR VETERANS AFFAIRS BENEFITS. INCLUDED IN THE MONEY MANAGEMENT PROGRAM IS THE FINANCIAL EXPLOITATION PREVENTION CENTER, CREATING A UNIFIED NETWORK OF PARTNERS COMMITTED TO THE PREVENTION, PROTECTION, AND PROSECUTION OF FINANCIAL EXPLOITATION OF AGING AND/OR DISABLED ADULTS IN TARRANT COUNTY. THE FEPC UNITES GSI WITH THE TARRANT COUNTY DISTRICT ATTORNEY, ADULT PROTECTIVE SERVICES, AND MORE THAN 10 SOCIAL SERVICE PARTNERS. GSI COORDINATES SERVICES OF PARTICIPATING AGENCIES, ALL DEDICATED TO THE PREVENTION AND PROSECUTION OF FRAUD OR FINANCIAL EXPLOITATION OF VULNERABLE ADULTS THROUGH PUBLIC EDUCATION, VICTIM ADVOCACY AND MORE. THE CENTER AND PARTNER AGENCIES HAVE HELPED VICTIMS REGAIN MORE THAN $3 MILLION IN RESTITUTION TO DATE. ADDITIONAL MONEY MANAGEMENT INITIATIVES INCLUDE E3: EDUCATE, ENGAGE, ENROLL, TO STEM THE RISING TIDE OF SENIOR POVERTY BY EXPANDING ENROLLMENT IN MEDICARE SAVINGS PROGRAMS.
GSI SERVES AS GUARDIAN OF LAST RESORT AND IS CALLED UPON BY TARRANT COUNTY PROBATE COURTS WHEN NO TRUSTED RELATIVE OR FRIEND IS AVAILABLE. IT PROVIDES COMPASSIONATE CARE BY TEXAS CERTIFIED GUARDIANS TO ADULTS LIVING WITH COGNITIVE, INTELLECTUAL OR DEVELOPMENTAL DISABILITIES. IN TARRANT COUNTY, CONCERNED INDIVIDUALS CAN REFER WARDS DIRECTLY TO THE COURT, RATHER THAN HAVING TO HIRE AN ATTORNEY. GUARDIANS ARE CERTIFIED BY THE JUDICIAL BRANCH CERTIFICATION COMMISSION AND ADHERE TO STANDARDS CREATED BY THE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Katri President | OfficerTrustee | 1 | $0 |
Michelle Simpson Vice President | OfficerTrustee | 1 | $0 |
Sanjay Pamurthy Treasurer | OfficerTrustee | 3 | $0 |
Shelly Shults Secretary | OfficerTrustee | 1 | $0 |
Tony Aquila Director | Trustee | 0.5 | $0 |
Zelia Baugh Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,663 |
| Membership dues | $0 |
| Fundraising events | $43,483 |
| Related organizations | $0 |
| Government grants | $1,373,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,208 |
| Noncash contributions included in lines 1a–1f | $9,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,757,055 |
| Total Program Service Revenue | $215,807 |
| Investment income | $24,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,191 |
| Net Income from Gaming Activities | $1,150 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,982,747 |
| 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. | $262,903 |
| Compensation of current officers, directors, key employees. | $26,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,155,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,342 |
| Payroll taxes | $115,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,823 |
| Advertising and promotion | $3,845 |
| Office expenses | $18,108 |
| Information technology | $58,218 |
| Royalties | $0 |
| Occupancy | $139,296 |
| Travel | $37,217 |
| 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 | $23,273 |
| Insurance | $18,781 |
| All other expenses | $6,320 |
| Total functional expenses | $2,037,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,487 |
| Savings and temporary cash investments | $597,844 |
| Pledges and grants receivable | $111,967 |
| Accounts receivable, net | $7,566 |
| 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 | $35,389 |
| Net Land, buildings, and equipment | $15,485 |
| Investments—publicly traded securities | $170,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,755 |
| Total assets | $978,055 |
| Accounts payable and accrued expenses | $31,171 |
| 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 | $6,755 |
| Total liabilities | $37,926 |
| Net assets without donor restrictions | $847,036 |
| Net assets with donor restrictions | $93,093 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $978,055 |