Overview
What is Seven Hills Foundation?
Seven Hills Foundation is a Massachusetts-based nonprofit organization, located at 81 Hope Avenue in Worcester, with a sizable workforce of 4713 employees. This organization plays a crucial role in managing and overseeing the operations of twenty-three affiliates that fall under its common control. Their mission is to ensure the smooth functioning and success of these affiliated entities.
Official website here: www.sevenhills.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
Seven Hills Foundation has earned an 88% rating from Charity Navigator, indicating a strong level of accountability and financial health. The majority of its board members are independent, contributing to a solid governance structure. Notably, the organization has achieved a high program expense ratio of 99.22%, reflecting its commitment to its mission and effective use of funds.
User feedback highlights the foundation's positive impact, particularly in educational initiatives in Kenya. One reviewer praised the foundation for its dedication to helping underserved communities by establishing schools and supporting children's education. This personal account emphasizes the organization's role in enhancing the lives of youth in impoverished areas.
However, while the rating and user reviews showcase substantial strengths, a detailed breakdown of financial liabilities shows a 61.05% liabilities-to-assets ratio, which may warrant further examination to ensure long-term sustainability. Overall, Seven Hills Foundation appears to be a well-regarded organization committed to its mission, with strong governance and a meaningful community presence.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Seven Hills Foundation legitimate?
Seven Hills Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Hills Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,255,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,539,059
For more financial information, click here
Official website here: www.sevenhills.org
What is the mission statement of Seven Hills Foundation?
The Seven Hills Foundation serves a vital role in managing and overseeing the operations of twenty-three affiliated organizations that fall under its common control. Its mission is centered around providing effective leadership and coordination to ensure the smooth functioning and success of these affiliated entities. Through its management, the foundation aims to foster growth and development within each organization, ultimately contributing to the betterment of various communities and causes they serve. By assuming this supervisory position, the Seven Hills Foundation enables these affiliated organizations to focus on their individual missions and goals, while benefiting from the collective support and resources provided by the foundation.
Official website here: www.sevenhills.org
Who is the CEO of Seven Hills Foundation?
Michael Matthews is the Chair of Seven Hills Foundation. The CEO's salary of Seven Hills Foundation is $287,581 and their total compensation is $455,351.
Official website here: www.sevenhills.org
What is the revenue of Seven Hills Foundation?
Seven Hills Foundation's revenue in 2022 was $32,762,128.
Official website here: www.sevenhills.org
Who are the executives of Seven Hills Foundation and what are their salaries?
The average compensation at Seven Hills Foundation during 2022 was $1,442. There are 4713 employees and 500 volunteers at Seven Hills Foundation.
Here are 113 key members and their salaries (Seven Hills Foundation's CEO's salary is $287,581 and their total compensation is $455,351):
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Official website here: www.sevenhills.org
Where can I find the form 990 for Seven Hills Foundation?
Seven Hills Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sevenhills.org
Learn more at the official website: www.sevenhills.org
Mission Statement of Seven Hills Foundation
Seven Hills Foundation, a notable organization, assumes the responsibility of managing and overseeing the operations of twenty-three affiliates that fall under its umbrella. This Michigan-based nonprofit dedicates its resources to ensuring the effective functioning and success of each affiliate entity. With a strong commitment to collaboration and unity, Seven Hills Foundation serves as a vital support system for these organizations, enabling them to thrive and fulfill their respective missions. By providing strategic guidance, financial oversight, and operational expertise, Seven Hills Foundation empowers its affiliates to make a significant impact in their respective communities. This collective effort fosters growth and sustainability among the affiliates, ultimately leading to a greater positive influence on the lives of those they serve.
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Impact
October, 2024
Seven Hills Foundation has a significant impact through its management and oversight of twenty-three affiliated organizations. Based in Worcester, MA, the Foundation enhances the effectiveness and reach of these affiliates, which focus on providing essential human services. By streamlining operations and fostering collaboration among its affiliates, Seven Hills Foundation strengthens service delivery, improves resource allocation, and ultimately enhances the quality of life for the communities it serves. Its mission is centered on ensuring that these organizations can thrive and continue to make a difference in the lives of individuals who rely on their support.
This information is meant to be a general summary of Seven Hills Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,739,625
- Program Service Revenue: $16,042,223
- Gross Receipts: $51,630,006
Assets and Liabilities:
- Total Assets: $199,084,948
- Total Liabilities: $121,694,873
- Net Assets: $77,390,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$16,042,223
Organization Details
Founding Year
1953
Phone
(508) 755-2340Principal Officer
Michael Matthews
Main Address
81 HOPE AVENUE, WORCESTER, MA, 01603
Website
www.sevenhills.orgNTEE Category
Code: P82Z - Human services
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