Overview
What is Dimes From The Heart Inc?
Dimes From The Heart Inc, a nonprofit organization based in Mahwah, New Jersey, offers short-term financial assistance and aid to individuals who have encountered unforeseen circumstances such as natural disasters, family care needs, or the loss of an immediate family member. The organization has extended its support to 88 employees of Ascena Retail Group Inc. & subsidiaries, Premium Brands Services LLC & affiliates, and an additional 154 employees from Premium Brands Services LLC & affiliates. Dimes From The Heart's mission is to provide a helping hand during times of crisis, offering much-needed financial relief to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Dimes From The Heart Inc has earned a solid Three-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score based entirely on the Accountability & Finance beacon, the organization has demonstrated robust financial practices and transparency, which instills confidence among donors and stakeholders.
The organization scored exceptionally well in several key areas, including having a fully independent board and no material diversion of assets. Their high program expense ratio of 93.67% suggests that the majority of their funding is directed towards their programs, reflecting a commitment to their mission rather than administrative expenses. Additionally, they maintain a strong conflict of interest policy, further reinforcing their accountability.
While the rating reflects strong governance and financial integrity, the summary does not provide insights into the organization's program effectiveness or long-term impact. Future evaluations could benefit from information on how Dimes From The Heart measures its success in achieving its mission and the outcomes of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Dimes From The Heart Inc legitimate?
Dimes From The Heart Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dimes From The Heart Inc submitted a form 990EZ, 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.
What is the mission statement of Dimes From The Heart Inc?
Dimes From The Heart Inc's mission is centered around offering short-term financial aid to individuals who have encountered unexpected hardships, such as natural disasters, family care needs, or the loss of an immediate family member. The organization extends its assistance to employees of certain companies, including Ascena Retail Group Inc. and Premium Brands Services LLC, providing relief to a total of 242 employees in need. The mission of Dimes From The Heart Inc. is to alleviate financial stress during times of crisis, offering a vital lifeline to those experiencing unexpected emergencies.
Who is the CEO of Dimes From The Heart Inc?
Kevin Hausmann is the Treasurer of Dimes From The Heart Inc.
What is the revenue of Dimes From The Heart Inc?
Dimes From The Heart Inc's revenue in 2022 was $58,205.
Who are the executives of Dimes From The Heart Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Dimes From The Heart Inc?
Dimes From The Heart Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Dimes From The Heart Inc
Dimes From The Heart, as a nonprofit organization, is dedicated to offering short-term financial assistance and aid to individuals who have been impacted by unforeseen circumstances. This could include natural disasters, family care needs, the death of an immediate family member, or other emergencies. The mission of Dimes From The Heart is to extend a helping hand to associates working for the Ascena Retail Group, Inc. and its subsidiaries, Premium Brands Services LLC, and its affiliates, as well as employees of Premium Brands Services LLC and its affiliates. By providing this assistance, Dimes From The Heart aims to alleviate some of the financial stress these individuals are facing during challenging times. The organization has demonstrated its commitment to this mission by offering financial aid to a total of 88 employees from the aforementioned companies and 154 employees from Premium Brands Services LLC and its affiliates.
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Impact
August, 2024
Dimes From The Heart Inc's impact is significant in providing short-term financial assistance and aid to individuals who have faced unexpected events such as natural disasters, family care needs, or the death of an immediate family member. Specifically, the organization has assisted 88 employees of the Ascena Retail Group, Inc. & subsidiaries and Premium Brands Services LLC & affiliates, as well as 154 employees of Premium Brands Services LLC & affiliates. This support helps these individuals navigate through difficult times and provides them with much-needed financial relief during emergencies.
This information is meant to be a general summary of Dimes From The Heart 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.
- Gross Receipts: $58,205
Assets and Liabilities:
- Total Assets: $467,784
- Total Liabilities: $0
- Net Assets: $467,784
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Organization Details
Phone
(551) 777-6813Principal Officer
Kevin Hausmann
Main Address
933 Macarthur Blvd, Mahwah, NJ, 07430
NTEE Category
Code: M12 - Public safety
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