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Friends Of The Soldiers' Home In Holyoke Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043433950 ✦ Holyoke, MA ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of The Soldiers' Home In Holyoke Inc?

Friends of the Soldiers' Home in Holyoke Inc is a nonprofit organization located in Holyoke, Massachusetts. Their primary mission is to support and improve the utilization of resources and services at the Soldiers' Home of Holyoke. They achieve this through charitable and educational activities, aiming to enhance the overall experience for those utilizing these facilities. The organization operates in a manner that promotes and boosts the use of the Soldiers' Home's resources, ultimately benefiting the community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.

Friends Of The Soldiers' Home In Holyoke Inc has received a 73% rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization boasts a perfect score in several key areas, such as the independence of its board members and the management of its assets. The program expense ratio is notably high at 100%, suggesting that funds are primarily directed towards its mission.

Despite its strengths, the organization has significant gaps in transparency and governance practices. It lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which contribute to a lower overall accountability score. The absence of these policies may raise concerns among potential donors regarding the organization's operational integrity.

Overall, while Friends Of The Soldiers' Home In Holyoke Inc excels in financial management and board independence, it faces challenges in establishing comprehensive governance practices that foster trust and transparency. Prospective supporters should weigh these factors when considering their contributions.


This AI summary has been generated from information found on Charity Navigator.

Is Friends Of The Soldiers' Home In Holyoke Inc legitimate?

Friends Of The Soldiers' Home In Holyoke Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Soldiers' Home In Holyoke Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Friends Of The Soldiers' Home In Holyoke Inc?

The mission of Friends Of The Soldiers' Home In Holyoke Inc is centered around promoting and enhancing the utilization of resources and services available at the Soldiers' Home of Holyoke. This is achieved through charitable and educational activities. By doing so, they aim to contribute positively to the well-being and support of individuals associated with the Soldiers' Home. Their mission involves engaging in activities that raise awareness and foster the effective use of these resources, ultimately benefiting the individuals who rely on them.

Who is the CEO of Friends Of The Soldiers' Home In Holyoke Inc?

Belinda Heckman is the President of Friends Of The Soldiers' Home In Holyoke Inc.

What is the revenue of Friends Of The Soldiers' Home In Holyoke Inc?

Friends Of The Soldiers' Home In Holyoke Inc's revenue in 2023 was $23,690.

Who are the executives of Friends Of The Soldiers' Home In Holyoke Inc and what are their salaries?


Here are 6 key members and their salaries:


Kevin Lumb (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Belinda Heckman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Bernard (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Richards (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosemary Brosnan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Feyre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Friends Of The Soldiers' Home In Holyoke Inc?

Friends Of The Soldiers' Home In Holyoke Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Friends Of The Soldiers' Home In Holyoke Inc

Friends of the Soldiers' Home in Holyoke Inc is dedicated to promoting and enhancing the utilization of the resources and services offered at the Soldiers' Home of Holyoke. Through charitable and educational activities, this nonprofit organization strives to make a significant impact. By leveraging these activities, Friends of the Soldiers' Home in Holyoke Inc aims to maximize the benefits that the Soldiers' Home provides, ultimately contributing to the betterment of its community.

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Impact




August, 2024

Friends Of The Soldiers' Home In Holyoke Inc impacts the community by promoting and enhancing the use of the resources and services of the Soldiers Home of Holyoke through charitable and educational activities. Their mission is to support the well-being of the soldiers by organizing various initiatives and programs that improve their quality of life. Through their philanthropic efforts, they contribute to the overall welfare and happiness of the residents at the Soldiers Home of Holyoke in Massachusetts.




This information is meant to be a general summary of Friends Of The Soldiers' Home In Holyoke Inc. 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.

Revenue
$23,690 (2023)
Expenses
$14,158 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,356
  • Gross Receipts: $38,805

Assets and Liabilities:

  • Total Assets: $303,422
  • Total Liabilities: $0
  • Net Assets: $303,422

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Organization Details

Founding Year

1988

Principal Officer

Belinda Heckman

Main Address

PO BOX 1338, Holyoke, MA, 010411338

NTEE Category

Code: T20 - Philanthropy

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