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Halo Network Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270408181 ✦ Amityville, NY ✦ Designated as a 501(c)(3)

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Overview

What is Halo Network Inc?

Halo Network Inc, based in Amityville, New York, is a nonprofit organization committed to empowering individuals and families with diverse disabilities and needs. With a team of 763 employees, they provide essential services aimed at enhancing their clients' success, enabling them to thrive throughout their lives. The organization's mission is to assist and support these individuals, ensuring they have the necessary resources for long-term achievements. Their work takes place at the address 300 Merrick Road, Amityville, NY, 11701.


Official website here: www.halonetworkinc.com

What are the reviews and ratings of this charity?

Charity Navigator Rating 81% - Three-Star out of Four Star Rating

Halo Network Inc has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 81%. This rating indicates that the organization is managing its resources responsibly and has a significant focus on financial oversight. The rating is based entirely on the accountability and finance metrics, which suggest a strong commitment to transparency and ethical governance.

The organization demonstrates strengths in various areas including having a majority of independent board members and a robust audit and oversight committee. Additionally, they have established clear policies on conflict of interest and whistleblower protections, which further enhance their accountability. Their program expense ratio of 96.71% shows a strong dedication to directing funds towards their mission, indicating effective use of financial resources.

While the financial management appears commendable, the limited rating depends solely on financial accountability without assessing other operational metrics like program effectiveness or community impact. This means potential donors may want to seek additional information to fully understand the scope and impact of Halo Network Inc's initiatives beyond just financial performance.


This AI summary has been generated from information found on Charity Navigator.

Is Halo Network Inc legitimate?

Halo Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Halo Network 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: $578,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,827,095

For more financial information, click here


Official website here: www.halonetworkinc.com

What is the mission statement of Halo Network Inc?

Halo Network Inc is committed to helping individuals and families with various disabilities and needs achieve long-term success. The organization provides essential services to empower them towards a fulfilling life. By offering necessary assistance, Halo Network Inc aims to enable them to overcome challenges and reach their full potential. Their mission is geared towards enhancing the lives of those who face diverse obstacles, ensuring they have the tools and resources to thrive. Through their services, they foster self-sufficiency and promote a greater sense of independence for those they support.


Official website here: www.halonetworkinc.com

Who is the CEO of Halo Network Inc?

Bumi Ojo is the Coo of Halo Network Inc.


Official website here: www.halonetworkinc.com

What is the revenue of Halo Network Inc?

Halo Network Inc's revenue in 2022 was $26,264,281.


Official website here: www.halonetworkinc.com

Who are the executives of Halo Network Inc and what are their salaries?

The average compensation at Halo Network Inc during 2022 was $17,570. There are 763 employees at Halo Network Inc.


Here are 5 key members and their salaries:


Olaniyi Falaye (Executive Dir.)
  • Compensation: $294,775
  • Related: $0
  • Other: $60,600
Bumi Ojo (Coo)
  • Compensation: $283,889
  • Related: $0
  • Other: $50,508
Lynette Joan Grant (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shamin Ahmed Esq (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Philips (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.halonetworkinc.com

Where can I find the form 990 for Halo Network Inc?

Halo Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.halonetworkinc.com

Learn more at the official website: www.halonetworkinc.com

Mission Statement of Halo Network Inc

Halo Network Inc, a dedicated organization, strives to empower individuals and families with diverse disabilities and needs to attain long-term success. The Charlotte-based nonprofit is committed to providing essential services, which are vital in helping those they serve to overcome challenges and reach their full potential.

Through its mission, Halo Network Inc extends a helping hand to those who may face unique barriers in their daily lives. By offering necessary services, the organization aims to instill a sense of independence and self-sufficiency among those it assists. This empowerment paves the way for a more fulfilling and successful future.

Halo Network Inc's approach is rooted in the belief that every individual, regardless of their unique circumstances, deserves the opportunity to thrive. The organization's dedicated team of professionals works tirelessly to identify the specific needs of each individual or family and tailors its services accordingly. This personalized approach ensures that the support provided is effective, efficient, and truly transformative.

Halo Network Inc's services span a wide range of areas, including education, vocational training, healthcare, and social support. These offerings enable the individuals and families it serves to develop the skills, knowledge, and resources they need to overcome challenges and build a brighter future. The organization's commitment to empowering its clients extends beyond the immediate present, as it strives to provide them with the tools and resources necessary for lifelong success.

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Impact




August, 2024

Halo Network Inc's impact is evident in the significant improvement in the lives of individuals and families with diverse disabilities and needs. By providing necessary services that empower them to achieve lifelong success, Halo Network Inc is instrumental in creating a positive and supportive environment for these individuals. Through their focus on education and empowerment, they are making a tangible difference in the lives of those they serve, ultimately helping them reach their full potential and lead fulfilling lives.




This information is meant to be a general summary of Halo Network 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.

Revenue
$26,264,281 (2022)
Expenses
$25,587,420 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,509
  • Program Service Revenue: $26,184,040
  • Gross Receipts: $26,264,281

Assets and Liabilities:

  • Total Assets: $34,315,942
  • Total Liabilities: $29,518,855
  • Net Assets: $4,797,087

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees for service income

Revenue

$26,184,040

Organization Details

Founding Year

2006

Principal Officer

Bumi Ojo

Main Address

300 Merrick Road, Amityville, NY, 11701

NTEE Category

Code: B99 - Education

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