Overview
What is Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc?
Holtz's Heroes Foundation Inc, formerly known as Lou's Lads Foundation Inc, is a small-scale, nonprofit organization situated in Fishers, Indiana. With a single employee, they are dedicated to supporting various causes related to education and health care. The foundation sponsors and participates in events and programs with other nonprofits whose missions align with theirs. Their primary mission involves providing financial assistance for the educational needs of children and young adults, contributing to educational institutions directly or indirectly, and aiding organizations engaged in health care programs to alleviate sickness and suffering. Additionally, they support medical and scientific research for disease alleviation and eradication, as well as community development activities or programs.
Official website here: www.holtzsheroes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Holtz's Heroes Foundation Inc, formerly known as Lou's Lads Foundation Inc, has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its overall financial health and accountability practices. The organization scored 43% overall, which highlights both strengths and weaknesses in its operations. Notably, it has a fully independent board, with 96% of its members meeting this criterion, and there are no reported material diversions of assets.
Despite these positives, the foundation has critical gaps in its governance policies, lacking essential elements such as a whistleblower policy and a document retention and destruction policy, which is concerning for transparency and accountability. Furthermore, while the organization has a decent program expense ratio of approximately 47%, it suffers from a liabilities to assets ratio of 0.00%, indicating potential financial instability. The absence of its tax form on the nonprofit's website also raises questions about accessibility and transparency to stakeholders.
In summary, while Holtz's Heroes Foundation demonstrates a commitment to having an independent board, the absence of key governance documents and low overall performance score highlights significant areas needing improvement. Stakeholders should approach their support with caution, considering the nonprofit's limited financial accountability practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc?
Four users have shared their thoughts on Holtz's Heroes Foundation Inc, reflecting a strong sense of appreciation for the organization. One review describes it as a "heartwarming, worthwhile foundation," emphasizing the impact and value the nonprofit provides to its community.
Although the foundation has not yet received a formal rating, the positive sentiment from these reviews suggests that individuals see it as a noble cause worth supporting. This indicates that there are encouraging expectations for the services they deliver.
Overall, contributors express a sense of trust and admiration for Holtz's Heroes Foundation, pointing out its commendable mission and efforts in making a difference.
This AI summary has been generated from reviews found on Facebook.
Is Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc legitimate?
Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holtz's Heroes Foundation Inc Fka Lou's Lads 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: $119,248
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.holtzsheroes.org
What is the mission statement of Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc?
Holtz's Heroes Foundation Inc, formerly known as Lou's Lads Foundation Inc, has a multifaceted mission. The primary objective is to provide financial assistance for the educational needs of children and young adults. Beyond this, the foundation contributes financially, either directly or indirectly, to various educational institutions, including primary and secondary schools, universities, colleges, vocational schools, seminaries, and other traditional educational institutions.
The foundation also extends its support to institutions, organizations, trusts, funds, foundations, and corporations engaged in healthcare programs to alleviate the suffering of mankind. Furthermore, it funds medical and scientific research aimed at alleviating and eradicating diseases. Lastly, Holtz's Heroes Foundation contributes to community development activities or programs.
Official website here: www.holtzsheroes.org
Who is the CEO of Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc?
Brian L Baker is the Executive Director of Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc.
Official website here: www.holtzsheroes.org
What is the revenue of Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc?
Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc's revenue in 2022 was $484,386.
Official website here: www.holtzsheroes.org
Who are the executives of Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc and what are their salaries?
The average compensation at Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc during 2022 was $119,248. There is 1 employee and 29 volunteers at Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc.
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Official website here: www.holtzsheroes.org
Where can I find the form 990 for Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc?
Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holtzsheroes.org
Learn more at the official website: www.holtzsheroes.org
Mission Statement of Holtz's Heroes Foundation Inc Fka Lou's Lads Foundation Inc
Holtz's Heroes Foundation Inc, formerly known as Lou's Lads Foundation Inc, is dedicated to providing financial assistance for the educational needs of children and young adults. The organization seeks to contribute financially, either directly or indirectly, to various educational institutions, both public and private. These institutions include primary and secondary schools, universities, colleges, vocational schools, seminaries, and other traditional educational institutions.
In addition to supporting educational institutions, Holtz's Heroes Foundation Inc also contributes to organizations, trusts, funds, foundations, and corporations engaged in healthcare programs. The primary aim is to alleviate the suffering of mankind by funding medical and scientific research for the eradication and alleviation of diseases. The foundation also supports community development activities and programs. By doing so, Holtz's Heroes Foundation Inc aims to contribute positively to society, focusing on healthcare, education, and community development.
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Impact
July, 2024
Holtz's Heroes Foundation Inc, formerly known as Lou's Lads Foundation Inc, focuses on providing financial assistance for the educational needs of children and young adults. They contribute money and other resources to educational institutions, both public and private, as well as organizations engaged in health care programs to alleviate the suffering of individuals. Additionally, the foundation supports medical and scientific research for the eradication of diseases and funds community development activities. Their impact is seen through sponsoring and participating in various events and programs that align with their mission, ultimately making a difference in the lives of those they serve.
This information is meant to be a general summary of Holtz's Heroes Foundation Inc Fka Lou's Lads 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: $8,878
- Gross Receipts: $650,643
Assets and Liabilities:
- Total Assets: $762,076
- Total Liabilities: $0
- Net Assets: $762,076
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Organization Details
Founding Year
2008
Phone
(574) 532-0232Principal Officer
Brian L Baker
Main Address
9630 CLAYMOUNT LANE, FISHERS, IN, 46037
Website
www.holtzsheroes.orgNTEE Category
Code: P12 - Human services
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