Overview
What is Historic Hopewell Foundation Inc?
Historic Hopewell Foundation Inc, situated in Hopewell, Virginia, is a nonprofit organization with a focus on preserving and maintaining historic buildings and grounds within the City. These preserved sites offer a rich heritage for public exploration and serve as valuable community resources. The foundation's mission is to ensure these historic properties remain accessible for educational and recreational purposes, fostering a sense of pride and connection to the area's past. With a dedicated team of three individuals, the Historic Hopewell Foundation Inc plays an essential role in preserving the City's history and heritage for future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Historic Hopewell Foundation Inc has achieved a solid rating of 80%, reflecting a strong performance in accountability and finance. This rating is based entirely on its adherence to financial standards and governance practices, indicating a commitment to transparency and responsible management of resources. The charity's financial metrics demonstrate a well-organized structure, showcasing effective oversight through a fully independent board.
Strengths noted include a 100% independent board membership, indicating no conflicts of interest, which is crucial for maintaining integrity in decision-making. The foundation exhibits a healthy liabilities-to-assets ratio and a commendable program expense ratio of 73.01%, suggesting that a significant portion of its funds is allocated directly to its programs rather than administrative costs. Additionally, the organization maintains thorough documentation of board meeting minutes and a conflict of interest policy, further supporting its accountability.
While the rating reflects a strong commitment to fiscal responsibility and governance, the summary does not highlight any specific areas for improvement or limitations in service delivery. Overall, the Historic Hopewell Foundation Inc appears to be a well-managed nonprofit focused on its mission with a transparent operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Hopewell Foundation Inc legitimate?
Historic Hopewell Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Hopewell 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: $35,281
For more financial information, click here
What is the mission statement of Historic Hopewell Foundation Inc?
The Historic Hopewell Foundation Inc is committed to preserving and maintaining historic buildings and grounds within its jurisdiction. These preserved properties are open for public tours and community utilization, serving as a valuable resource for the local community. The organization's mission is centered around the protection and upkeep of historical structures, offering a glimpse into the past for visitors and community members alike. By making these sites accessible, Historic Hopewell Foundation Inc contributes to the cultural richness of the community, promoting an appreciation for history and heritage.
Who is the CEO of Historic Hopewell Foundation Inc?
Charles Frederickson is the President of Historic Hopewell Foundation Inc.
What is the revenue of Historic Hopewell Foundation Inc?
Historic Hopewell Foundation Inc's revenue in 2022 was $70,913.
Who are the executives of Historic Hopewell Foundation Inc and what are their salaries?
The average compensation at Historic Hopewell Foundation Inc during 2022 was $11,760. There are 3 employees and 14 volunteers at Historic Hopewell Foundation Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Historic Hopewell Foundation Inc?
Historic Hopewell Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Historic Hopewell Foundation Inc
Historic Hopewell Foundation Inc is dedicated to preserving and maintaining historic buildings and grounds within its jurisdiction. This nonprofit organization makes these preserved properties accessible to the public for tours and various community activities. By doing so, it contributes to the rich historical heritage of its community and provides opportunities for the public to engage with and appreciate this history.
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Impact
August, 2024
The Historic Hopewell Foundation Inc has a significant impact on the community by maintaining and preserving historic buildings and grounds within the City of Hopewell. This allows for these properties to be available for public tours and other community uses, contributing to the preservation of local history and culture. The foundation plays a crucial role in ensuring that these historic landmarks are accessible to the public, promoting an appreciation for the city's heritage.
This information is meant to be a general summary of Historic Hopewell 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: $8
- Program Service Revenue: $2,194
- Gross Receipts: $121,439
Assets and Liabilities:
- Total Assets: $1,070,939
- Total Liabilities: $57,578
- Net Assets: $1,013,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admissions to historic buildings
Revenue
$2,194
Organization Details
Founding Year
1972
Phone
(804) 458-4682Principal Officer
Charles Frederickson
Main Address
400 Weston Lane, Hopewell, VA, 23860
NTEE Category
Code: A82Z - Arts
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