Overview
What is Hermes Music Foundation?
The Hermes Music Foundation is a charitable organization, headquartered unspecified, dedicated to extending a helping hand to underprivileged families during the festive season. They fulfill this mission by distributing toys and various Christmas gifts to these children. Furthermore, the foundation extends its generosity beyond the holiday season by contributing to the JTEENS IDF project, demonstrating a commitment to various charitable causes. In essence, the Hermes Music Foundation serves as a beacon of hope and compassion, bringing joy and assistance to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates that the Hermes Music Foundation has met basic accountability and financial standards, but there may be areas for improvement. The score is derived solely from its Accountability & Finance beacon, reflecting a focus on transparency and responsible management of funds.
Strengths of the organization include a high percentage of independent board members (80%) and a small board size, both of which contribute positively to governance. The foundation has demonstrated strong fiscal health with no material diversion of assets and a perfect program expense ratio, indicating that all funds are allocated toward its mission-driven activities.
However, despite these strengths, the overall Two-Star rating suggests there may be concerns in other performance areas not captured by the current financial metrics. Ongoing monitoring of its operational effectiveness and program impact would be beneficial to enhance overall evaluation. For more details, visit their Charity Navigator page.
This AI summary has been generated from information found on Charity Navigator.
Is Hermes Music Foundation legitimate?
Hermes Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hermes Music 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: $0
For more financial information, click here
What is the mission statement of Hermes Music Foundation?
The Hermes Music Foundation, functioning solely as a charitable organization, is dedicated to spreading joy during the holiday season by providing toys and other gifts to children from financially struggling families at Christmas. Additionally, the foundation extends its generosity by donating to the JTEENS IDF project.
Who is the CEO of Hermes Music Foundation?
Alberto Kreimerman is the Dir of Hermes Music Foundation.
What is the revenue of Hermes Music Foundation?
Hermes Music Foundation's revenue in 2022 was $5.
Who are the executives of Hermes Music Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Hermes Music Foundation?
Hermes Music Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hermes Music Foundation
Hermes Music Foundation, a charitable organization, dedicates its activities solely towards philanthropic purposes. Its primary mission is to bring joy and happiness to underprivileged children during the festive season by providing them with toys and other Christmas gifts. Furthermore, the foundation extends its generosity beyond the holiday season, contributing to the JTEENS IDF project. This project likely supports Israeli Defense Forces' teenage volunteers, as the term 'IDF' refers to the Israeli Defense Forces. Hence, Hermes Music Foundation not only spreads festive cheer but also supports various charitable causes throughout the year.
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Impact
October, 2024
The Hermes Music Foundation creates a significant positive impact by providing toys and Christmas gifts to children from indigent families. This initiative ensures that children who might otherwise go without during the holiday season experience joy and warmth, fostering a sense of community and support. Additionally, the Foundation contributes to the JTEENS IDF project, further extending its reach and support to vulnerable populations. Through these efforts, the Hermes Music Foundation helps brighten lives and nurture the potential of children in McAllen, TX, promoting human services and enriching the community's overall well-being.
This information is meant to be a general summary of Hermes Music 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.
- Gross Receipts: $5
Assets and Liabilities:
- Total Assets: $34,223
- Total Liabilities: $0
- Net Assets: $34,223
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Organization Details
Founding Year
2005
Principal Officer
Alberto Kreimerman
Main Address
817 CHICAGO AVE, MCALLEN, TX, 78501
NTEE Category
Code: P30 - Human services
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