Overview
What is Rema Hort Mann Foundation Inc?
Rema Hort Mann Foundation Inc is a compassionate nonprofit organization, headquartered in New York City, specifically at 153 Hudson Street, NY 10013. Their mission, in honor of artist Rema Hort Mann, is twofold: advancing emerging artists and supporting individuals battling cancer. The foundation accomplishes this by offering grants and auctions of artwork, providing financial assistance at critical junctures in an artist's career, and offering quality of life grants to cancer patients who are often isolated during treatment. With a dedicated workforce of just one individual, this organization demonstrates a remarkable commitment to nurturing artistic talent and offering vital support to those who need it most during their cancer journey.
Official website here: www.rhmfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
The Rema Hort Mann Foundation Inc has earned an 84% rating, reflecting a strong focus on accountability and finance. All aspects of the score stem from a single beacon, showcasing the organization's commitment to responsible financial practices. With a perfect score for the independent board makeup and no material diversion of assets, the foundation demonstrates a solid governance structure.
Strengths include high program expense ratios, indicating that the majority of its expenses are directed towards its programs. Additionally, the foundation's liabilities to assets ratio is low, indicating a healthy financial position. These factors contribute positively to the organization’s reputation and effectiveness in fulfilling its mission.
However, the organization falls short in fundraising efficiency, which is notably low at $0.062. This suggests that their fundraising efforts may not be as effective as intended. While they maintain transparency and strong governance, improving fundraising strategies could enhance their overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Rema Hort Mann Foundation Inc legitimate?
Rema Hort Mann Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rema Hort Mann Foundation 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: $87,797
For more financial information, click here
Official website here: www.rhmfoundation.org
What is the mission statement of Rema Hort Mann Foundation Inc?
The Rema Hort Mann Foundation Inc's mission is centered around honoring the life of an unnamed individual by advocating for emerging artists and offering support to individuals battling cancer. The organization achieves this by providing funding and grants to up-and-coming artists at a crucial stage in their artistic journey, enabling them to continue pursuing their vision. Additionally, the foundation offers quality of life grants to cancer patients who are going through treatment, emphasizing the importance of support during a challenging time.
Official website here: www.rhmfoundation.org
Who is the CEO of Rema Hort Mann Foundation Inc?
Susan Hort is the Board Member of Rema Hort Mann Foundation Inc.
Official website here: www.rhmfoundation.org
What is the revenue of Rema Hort Mann Foundation Inc?
Rema Hort Mann Foundation Inc's revenue in 2022 was $4,135,092.
Official website here: www.rhmfoundation.org
Who are the executives of Rema Hort Mann Foundation Inc and what are their salaries?
The average compensation at Rema Hort Mann Foundation Inc during 2022 was $87,797. There is 1 employee at Rema Hort Mann Foundation Inc.
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Official website here: www.rhmfoundation.org
Where can I find the form 990 for Rema Hort Mann Foundation Inc?
Rema Hort Mann Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rhmfoundation.org
Learn more at the official website: www.rhmfoundation.org
Mission Statement of Rema Hort Mann Foundation Inc
The Rema Hort Mann Foundation Inc is a nonprofit organization dedicated to honoring the life of Rema Hort Mann by advocating for emerging artists and providing support to individuals battling cancer. The organization's mission is multifaceted, focusing on two key areas. Firstly, it advocates for up-and-coming artists, offering them financial assistance at a critical stage in their artistic development when they need it most. This support allows these artists to pursue their vision and contribute to the broader artistic community.
Secondly, the Rema Hort Mann Foundation Inc provides funding and quality of life grants to cancer patients who are often isolated from their families and friends during their treatment. This support is particularly crucial at a time when these individuals require emotional and practical assistance the most. By offering these grants, the foundation aims to alleviate some of the financial and emotional burdens associated with cancer treatment, allowing patients to focus on their recovery. In this way, the Rema Hort Mann Foundation Inc honors the life of Rema Hort Mann by making a tangible difference in the lives of both emerging artists and cancer patients.
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Impact
October, 2024
Rema Hort Mann Foundation Inc significantly impacts the arts and cancer communities by advocating for emerging artists and providing essential support to individuals battling cancer. By offering grants and auctioning artwork, the organization empowers artists at crucial moments in their artistic journeys, ensuring they receive the financial assistance needed to realize their creative visions.
Simultaneously, the foundation extends its compassionate reach to cancer patients through quality of life grants, addressing the emotional and practical challenges these individuals face during treatment. This dual focus not only nurtures emerging talent in the arts but also fosters a sense of community and support for those experiencing isolation due to illness. Ultimately, the foundation honors the legacy of Rema Hort Mann by blending philanthropy with a profound commitment to creativity and compassion.
This information is meant to be a general summary of Rema Hort Mann Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $79,517
- Program Service Revenue: $1,434,630
- Gross Receipts: $7,147,180
Assets and Liabilities:
- Total Assets: $6,005,973
- Total Liabilities: $151,054
- Net Assets: $5,854,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARTWORK SALES
Revenue
$1,434,630
Organization Details
Founding Year
1995
Phone
(212) 431-1622Principal Officer
Susan Hort
Main Address
153 HUDSON STREET, NEW YORK, NY, 10013
Website
www.rhmfoundation.orgNTEE Category
Code: T99 - Philanthropy
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