Overview
What is Hauptman Woodward Foundation?
The Hauptman Woodward Foundation, located in Buffalo, New York, is a nonprofit organization committed to fostering a deeper appreciation and comprehension of science among the public. They achieve this by offering scientific opportunities to high school and college students, enabling them to collaborate with professional scientists on complex projects. The foundation aims to inspire these young minds to pursue careers in the sciences and contribute to the next generation of biomedical researchers. Despite the absence of expenses this year due to the pandemic, the program is set to resume this summer. The foundation's primary mission is to support and fund other not-for-profit organizations that fall under Section 501(C)(3) of the Internal Revenue Code and are not classified as private foundations.
Official website here: www.hwi.buffalo.edu
What are the reviews and ratings of this charity?
Charity Navigator rates the Hauptman Woodward Foundation at 60%, which corresponds to a Two-Star out of Four Star rating. This score reflects some strengths in accountability and transparency but indicates significant concerns regarding financial efficiency, particularly in the allocation of resources towards its programs.
The foundation demonstrates strong governance practices, with a fully independent board and no material diversion of assets. It has comprehensive policies in place, including conflict of interest and whistleblower policies, which contribute positively to its accountability scores. Transparency is further supported by its active disclosure of essential documents on its website.
However, the foundation faces challenges in its financial performance, with a program expense ratio of only 3.68%, suggesting that a very small percentage of its budget is directed towards its charitable programs. This raises questions about the effectiveness of its operations and overall impact, which could be a concern for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Hauptman Woodward Foundation legitimate?
Hauptman Woodward Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hauptman Woodward 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,951
For more financial information, click here
Official website here: www.hwi.buffalo.edu
What is the mission statement of Hauptman Woodward Foundation?
The Hauptman Woodward Foundation's mission is centered around raising and managing funds for non-profit organizations that fall under Section 501(C)(3) of the U.S. Internal Revenue Code and are not classified as private foundations. The organization is incorporated under New York Corporation Laws, and its primary goal is to support these non-profits financially. Additionally, the foundation has a strong focus on promoting science education, particularly among high school and college students, encouraging them to pursue careers in the field and contribute to the next generation of biomedical researchers. Despite the pandemic, there were no expenses incurred this year for the education program, but it is set to resume this summer.
Official website here: www.hwi.buffalo.edu
Who is the CEO of Hauptman Woodward Foundation?
Edward H Snell is the Board Member/President And Ceo of Hauptman Woodward Foundation. The CEO's salary of Hauptman Woodward Foundation is $0 and their total compensation is $241,137.
Official website here: www.hwi.buffalo.edu
What is the revenue of Hauptman Woodward Foundation?
Hauptman Woodward Foundation's revenue in 2022 was $982,117.
Official website here: www.hwi.buffalo.edu
Who are the executives of Hauptman Woodward Foundation and what are their salaries?
There 10 volunteers at Hauptman Woodward Foundation.
Here are 13 key members and their salaries (Hauptman Woodward Foundation's CEO's salary is $0 and their total compensation is $241,137):
- Compensation: $0
- Related: $203,011
- Other: $38,126
- Compensation: $0
- Related: $135,186
- Other: $23,788
- Compensation: $0
- Related: $69,800
- Other: $5,719
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hwi.buffalo.edu
Where can I find the form 990 for Hauptman Woodward Foundation?
Hauptman Woodward Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hwi.buffalo.edu
Learn more at the official website: www.hwi.buffalo.edu
Mission Statement of Hauptman Woodward Foundation
The Hauptman Woodward Foundation, established under New York Corporation Laws, is dedicated to raising and managing funds for the welfare of not-for-profit organizations that fall under Section 501(C)(3) of the Internal Revenue Code and are not classified as private foundations. The primary objective of this foundation is to foster a broader comprehension and admiration for science among the general public. It achieves this by offering opportunities for both high school and college students to collaborate with professional scientists on complex projects. By doing so, the foundation aims to inspire the next generation of biomedical researchers to pursue careers in the sciences. Despite the pandemic, there were no expenses associated with this program this year, but it is set to resume this summer.
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Impact
October, 2024
The Hauptman Woodward Foundation significantly advances the field of biomedical research and education by promoting scientific literacy and providing essential opportunities for future scientists. It actively raises funds to support not-for-profit entities focused on scientific endeavors, fostering an environment where young individuals can engage with professional scientists on innovative projects. This hands-on experience is designed to inspire high school and college students to pursue careers in the sciences, ensuring a robust pipeline of talent for the biomedical field.
Through its initiatives, the foundation has a direct impact on the local community in Buffalo, NY, cultivating a greater understanding and appreciation of science among the general public. Even during challenging times, such as the pandemic, the foundation adapts its programs to maintain its commitment to nurturing the next generation of researchers. By empowering young scientists and placing an emphasis on education, the Hauptman Woodward Foundation contributes meaningfully to the advancement of science and the fight against diseases.
This information is meant to be a general summary of Hauptman Woodward 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.
- Program Service Revenue: $500
- Gross Receipts: $982,117
Assets and Liabilities:
- Total Assets: $4,820,553
- Total Liabilities: $0
- Net Assets: $4,820,553
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Summer Program
Revenue
$500
Organization Details
Founding Year
2005
Phone
(716) 898-8600Principal Officer
Edward H Snell
Main Address
700 Ellicott Street, Buffalo, NY, 14203
Website
www.hwi.buffalo.eduNTEE Category
Code: G129 - Disease
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