Overview
What is The Ted Hendricks Foundation?
The Ted Hendricks Foundation, situated in Arlington Heights, Illinois, is a dedicated nonprofit organization that focuses on educational and research programs. Their mission encompasses promoting health and wellness for both children and seniors, as well as conducting research on trauma injuries. The foundation raises funds for their initiatives through online donations and charity events, and they have generously granted a total of $4,557 to various charities that serve disadvantaged and disabled youth and elderly individuals. Additionally, The Ted Hendricks Foundation has successfully achieved their target of securing corporate sponsorship, with a grant of $12,000.
Official website here: www.tedhendricks.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Ted Hendricks Foundation shows a moderate accountability and finance score, indicating some strengths and weaknesses. While the organization has a fully independent board, the lack of independent board members significantly affects its overall governance score.
The foundation excels in its program expense ratio, allocating over 82% of its expenses directly to programs, which is a positive sign of its commitment to its mission. Additionally, the foundation has no material diversion of assets and a favorable liabilities to assets ratio of 0.00%, highlighting financial stability.
However, there are notable limitations regarding governance policies. The foundation is missing key policies such as a conflict of interest and a whistleblower policy, which are essential for transparency and accountability. Furthermore, the tax form is not posted on the nonprofit's website, which could hinder public access to important financial information. Overall, while there are strengths in program spending and financial management, improvements in governance practices are needed.
This AI summary has been generated from information found on Charity Navigator.
Is The Ted Hendricks Foundation legitimate?
The Ted Hendricks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ted Hendricks Foundation 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.
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
Official website here: www.tedhendricks.com
What is the mission statement of The Ted Hendricks Foundation?
The Ted Hendricks Foundation is dedicated to fulfilling its mission by offering educational and research programs. Its primary focus is on promoting health and wellness for children and the elderly, as well as conducting research on trauma injuries. The foundation achieves its objectives by raising funds through website donations and charity events, and by providing grants to various charities that serve at-risk and handicapped youth and seniors. In addition, the foundation has successfully secured corporate sponsorship, contributing a significant grant of $12,000 to its cause.
Official website here: www.tedhendricks.com
What is the revenue of The Ted Hendricks Foundation?
The Ted Hendricks Foundation's revenue in 2023 was $98,588.
Official website here: www.tedhendricks.com
Who are the executives of The Ted Hendricks Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.tedhendricks.com
Where can I find the form 990EZ for The Ted Hendricks Foundation?
The Ted Hendricks Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.tedhendricks.com
Learn more at the official website: www.tedhendricks.com
Mission Statement of The Ted Hendricks Foundation
The Ted Hendricks Foundation is dedicated to fulfilling its mission by offering educational and research programs. This nonprofit organization focuses on promoting health and wellness, particularly for children and the elderly, and conducts research related to trauma injuries. To achieve its objectives, The Ted Hendricks Foundation raises funds through various means, including online donations and charity events. Moreover, the foundation extends its support to various charities serving at-risk and handicapped youth and seniors, providing them with grants. In its efforts to make a significant impact, The Ted Hendricks Foundation has successfully secured a corporate sponsorship grant of $12,000.
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Impact
August, 2024
The Ted Hendricks Foundation's impact extends far and wide, particularly in the areas of education and health. Through their educational and research programs, they are able to support children and seniors with health and wellness initiatives. Additionally, their research programs aimed at trauma injuries are making a significant difference in the lives of many individuals. By raising contributions and gifts through various means such as website donations and charity events, the foundation is able to provide grants to numerous charities that serve at-risk and handicapped youth and seniors. Their dedication to maintaining corporate sponsorship further enhances their ability to continue making a positive impact in the community. Located in Arlington Heights, IL, the Ted Hendricks Foundation is a beacon of hope and support for those in need.
This information is meant to be a general summary of The Ted Hendricks 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 2023.
- Investment Income: $95
- Gross Receipts: $98,588
Assets and Liabilities:
- Total Assets: $151,629
- Total Liabilities: $0
- Net Assets: $151,629
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Organization Details
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