Greenway Educational Initiative Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported an excess benefit transaction with an insider.
- It reported loans to or from officers, directors or other insiders.
- Raising each dollar of donations cost 89 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
OUR MISSION AT DESTINY SCHOOL OF THE ARTS IS TO ACHIEVE ACADEMIC EXCELLENCE THROUGH ARTS INTEGRATION. AS AN ORGANIZATION WE STRIVE TO OBTAIN EXCELLENCE IN ALL WE DO AS WE SERVE OUR STUDENTS AND OUR COMMUNITY.
- Income
- $2.3 million
- Spending
- $2.4 million
- Spent on programs
- 74%
- Reserves
- 0.4 months of spending
- Largest source of income
- fees for its services, 95%
- Employees
- 58
- Volunteers
- 5
- Highest pay
- $160,987, secretary, head of school
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 37 out of 100. Higher than 6% of charities in its peer group (religion, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.4 months of spending.
Debt
10 of 20It owes 46% of what it owns.
Living within its means
8 of 15Spending exceeded income by 4% of income.
Income trend
15 of 15Income rose 100% on the year before.
Spending floor
0 of 1574% of spending went to programs and raising each dollar of donations cost 89 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 35 out of 100. Higher than 10% of charities in its peer group (religion, $1m to $10m).
Independent board
5 of 250 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.7 million spent. AT DESTINY SCHOOL OF THE ARTS, WE INCORPORATE ACADEMICS WITH PERFORMING ARTS TO CREATE THE ULTIMATE EDUCATIONAL AND FINE ARTS EXPERIENCE. THE ARTS ARE USED AS A PLATFORM TO STIMULATE SELF-EXPRESSION AND ACADEMIC GROWTH. EXPERIENTIAL LEARNING THROUGH ARTS INTEGRATION LENDS ITSELF TO BOTH ACADEMIC EXCELLENCE AND HAPPY STUDENTS!
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.