Overview
What is Halliburton Charitable Foundation?
The Halliburton Charitable Foundation is a nonprofit organization headquartered in Houston, Texas. Their primary objective is to cultivate charitable causes by gathering funds, subsequently distributing them to organizations that qualify for tax exemption under Section 501a of the Internal Revenue Code (IRC). The foundation achieves this mission through a charitable golf tournament. Their purpose is to support the growth and success of exempt organizations, contributing positively to diverse communities and causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Halliburton Charitable Foundation has received a two-star rating from Charity Navigator, indicating that it requires improvement in its operational practices. While the organization has a majority of independent board members, it has scored poorly in areas such as financial statements and fundraising efficiency. This mixed performance suggests that although some governance aspects are strong, overall transparency and financial health could be significantly enhanced.
Strengths of the foundation include a solid conflict of interest policy and effective management of liabilities relative to assets, which demonstrates a degree of financial prudence. However, the lack of independent board size and the absence of critical financial documentation raise concerns about governance and accountability. The foundation's program expense ratio is commendable, indicating that it spends a reasonable share of its resources on its intended charitable activities.
Limitations noted include very low scores in financial reporting and fundraising efficiency, which may hinder the foundation's ability to raise and utilize funds effectively. Additionally, the absence of policies for whistleblower protection and document retention indicates potential vulnerabilities in its operational practices. Overall, while there are strengths present, significant improvements are needed to enhance the foundation's accountability and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Halliburton Charitable Foundation legitimate?
Halliburton Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Halliburton Charitable 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
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What is the mission statement of Halliburton Charitable Foundation?
The Halliburton Charitable Foundation is committed to advancing charitable causes by gathering funds to be distributed to organizations that are tax-exempt under Section 501a of the Internal Revenue Code. Its mission is centered around raising funds for these exempt organizations. The foundation achieves this goal primarily through a golf tournament charity event.
Who is the CEO of Halliburton Charitable Foundation?
Anuradha Bhatlapenumerthi is the President And Director of Halliburton Charitable Foundation.
What is the revenue of Halliburton Charitable Foundation?
Halliburton Charitable Foundation's revenue in 2022 was $3,019,838.
Who are the executives of Halliburton Charitable Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Halliburton Charitable Foundation?
Halliburton Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Halliburton Charitable Foundation
The Halliburton Charitable Foundation is dedicated to promoting charitable causes by gathering funds to be distributed to organizations that are tax-exempt under Section 501a of the Internal Revenue Code (IRC). Its mission is centered around raising funds for these exempt organizations, with a focus on accomplishing this objective through a charity golf tournament. The foundation operates with the aim of supporting various charitable endeavors by providing financial assistance to eligible organizations.
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Impact
October, 2024
The Halliburton Charitable Foundation significantly impacts communities by raising funds to support organizations that provide vital services and resources. By organizing a charity golf tournament, the foundation channels contributions into initiatives that align with its mission of promoting charitable purposes, benefiting various exempt organizations under Section 501a of the Internal Revenue Code. This approach not only fosters community engagement but also amplifies charitable giving, ultimately enhancing the capability of these organizations to fulfill their missions. Located in Houston, TX, the foundation plays a key role in philanthropy, addressing diverse needs and supporting transformative projects across multiple sectors.
This information is meant to be a general summary of Halliburton Charitable 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.
- Investment Income: $429
- Gross Receipts: $3,453,448
Assets and Liabilities:
- Total Assets: $805,900
- Total Liabilities: $0
- Net Assets: $805,900
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Organization Details
Founding Year
2008
Phone
(713) 839-4841Principal Officer
Anuradha Bhatlapenumerthi
Main Address
3000 N Sam Houston Pkwy E, Houston, TX, 77032
NTEE Category
Code: T21 - Philanthropy
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