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Hearts Foundation Inc

Hearts Thrift Shop

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

EIN: 161607748 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

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Overview

What is Hearts Foundation Inc?

Hearts Foundation Inc is a nonprofit organization located in Buffalo, New York, with a primary mission to support Hearts for the Homeless of Western New York, Inc., a 501(c)(3) organization. This sister organization provides physical, emotional, and spiritual aid to the homeless, impoverished, and distressed individuals. To accomplish this objective, Hearts Foundation Inc operates a thrift shop, where net resources are generated, thereby contributing to the overall goals and objectives of Hearts for the Homeless of Western New York, Inc. In addition, the organization shares the teachings of Jesus Christ alongside its relief efforts.

Is Hearts Foundation Inc legitimate?

Hearts Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearts 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: $61,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $967,487

For more financial information, click here

What is the mission statement of Hearts Foundation Inc?

The Hearts Foundation Inc. exists primarily to support the activities and purposes of Hearts for the Homeless of Western New York Inc., a 501C3 organization. This parent organization provides physical, emotional, and spiritual relief to the homeless, impoverished, and distressed individuals. Furthermore, Hearts Foundation Inc. is dedicated to spreading the teachings of Jesus Christ. The organization operates a thrift shop, where the net earnings are utilized to support the initiatives of Hearts for the Homeless of Western New York Inc. The primary goal of Hearts Foundation Inc. is to assist those in need and spread spiritual guidance.

Who is the CEO of Hearts Foundation Inc?

Unavailable The CEO's salary of Hearts Foundation Inc is $61,464 and their total compensation is $121,411.

What is the revenue of Hearts Foundation Inc?

Hearts Foundation Inc's revenue in 2022 was $2,365,947.

Who are the executives of Hearts Foundation Inc and what are their salaries?

There 23 volunteers at Hearts Foundation Inc.


Here are 5 key members and their salaries (Hearts Foundation Inc's CEO's salary is $61,464 and their total compensation is $121,411):


Nicholas M Calandra (Ceo And President)
  • Compensation: $61,464
  • Related: $59,947
  • Other: $0
Richard R Izzo (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David J Norton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph P Hatch Iii (Member And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Johns (Chairman Of Board And Treasur)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hearts Foundation Inc?

Hearts Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hearts Foundation Inc

Hearts Foundation Inc is an organization that is dedicated to supporting the activities and purposes of Hearts for the Homeless of Western New York Inc., a 501C3 organization. This nonprofit organization's primary goal is to provide physical, emotional, and spiritual relief to the homeless, poor, and distressed individuals. In addition to this, Hearts Foundation Inc shares the message of Jesus Christ.

To achieve its mission, Hearts Foundation Inc operates a thrift shop. The net resources generated from this shop are utilized to further support the activities and purposes of Hearts for the Homeless of Western New York Inc., an organization that is described under IRC Code Section 501(C)(3). This nonprofit organization is committed to offering aid to those who are in need, providing them with the essential relief they require during challenging times.

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Impact




October, 2024

Hearts Foundation Inc plays a vital role in addressing the needs of the homeless, poor, and distressed in Western New York by supporting the activities of Hearts for the Homeless. Through its initiatives, the organization provides essential physical, emotional, and spiritual relief, helping individuals regain stability and hope in their lives.

The operation of a thrift shop enables Hearts Foundation Inc to generate resources that directly fund crucial services for those in need. This not only helps supply necessities but also fosters a sense of community and support among both donors and recipients. Additionally, through its mission, the organization shares the Gospel of Jesus Christ, offering spiritual guidance and encouragement to those facing hardships.

By emphasizing education and awareness, Hearts Foundation Inc fosters a deeper understanding of the issues surrounding homelessness and poverty. The organization’s holistic approach ensures that individuals receive comprehensive support, contributing significantly to their well-being and empowering them to overcome obstacles in their lives.




This information is meant to be a general summary of Hearts 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.

Revenue
$2,365,947 (2022)
Expenses
$2,200,819 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $147
  • Gross Receipts: $2,406,584

Assets and Liabilities:

  • Total Assets: $1,717,509
  • Total Liabilities: $939,241
  • Net Assets: $778,268

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Organization Details

Founding Year

2003

Main Address

PO BOX 437, BUFFALO, NY, 14223

NTEE Category

Code: B11 - Education

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