Overview
What is Hendricks House Foundation Inc?
Hendricks House Foundation Inc is a supporting organization, established for the sole benefit of Hendricks House, Inc. Located in Vineland, New Jersey, the foundation's primary role is to safeguard the assets of Hendricks House, Inc., protecting them from potential liabilities associated with substance abuse rehabilitation centers. This protection is achieved through ownership of facilities and investments, which are exclusively utilized to support the charitable activities of Hendricks House, Inc. The foundation's unique structure ensures a significant and exclusive financial backing for Hendricks House, Inc., thereby contributing to its mission.
Is Hendricks House Foundation Inc legitimate?
Hendricks House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hendricks House 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: $0
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What is the mission statement of Hendricks House Foundation Inc?
The Hendricks House Foundation Inc's mission is to support the charitable activities of Hendricks House Inc. Specifically, the foundation manages and owns the facilities where Hendricks House Inc operates, as well as investments for its exclusive benefit. The Foundation is structured as a Type I supporting organization, protecting the assets of Hendricks House Inc from potential liabilities that could arise from operating substance abuse rehabilitation centers. This asset protection structure provides significant and exclusive support to Hendricks House Inc. The foundation's role is to ensure the continued operation and growth of Hendricks House Inc's charitable activities, primarily focused on substance abuse rehabilitation.
Who is the CEO of Hendricks House Foundation Inc?
James Hammerstedt is the Board Member of Hendricks House Foundation Inc.
What is the revenue of Hendricks House Foundation Inc?
Hendricks House Foundation Inc's revenue in 2021 was $0.
Who are the executives of Hendricks House Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hendricks House Foundation Inc?
Hendricks House Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Hendricks House Foundation Inc
Hendricks House Foundation Inc, serving as a supporting organization, is dedicated to supporting the charitable activities of Hendricks House Inc. The Foundation's mission is to ensure the exclusive benefit of Hendricks House Inc by holding title to the facilities and investments. The Foundation operates as a Type I supporting organization, regulated under Sec. 1.509(A)-4, providing significant and exclusive support to Hendricks House Inc. The structuring of this relationship protects the assets of Hendricks House Inc from potential liabilities that could arise from the operation of substance abuse rehabilitation centers. By owning securities available to support the activities of Hendricks House Inc, Hendricks House Foundation Inc provides an asset protection structure that offers exclusive support to Hendricks House Inc.
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Impact
October, 2024
Hendricks House Foundation Inc significantly impacts the community by providing essential support to Hendricks House, Inc., a substance abuse rehabilitation center. This organization plays a critical role in safeguarding the facilities and resources necessary for Hendricks House to operate effectively. By holding title to the properties and managing investments, the Foundation ensures that Hendricks House, Inc. has the financial stability and assets required to focus on its charitable mission.
The Foundation's structure acts as a protective measure, shielding the organization's assets from potential liabilities associated with running rehabilitation services. This allows Hendricks House, Inc. to dedicate more resources toward helping individuals in recovery, enhancing their ability to educate and rehabilitate those affected by substance abuse.
Through these efforts, the Foundation not only contributes to the operational integrity of Hendricks House, Inc. but also reinforces the community’s overall support system for individuals seeking recovery. This collaboration fosters an environment where educational and therapeutic initiatives can thrive, ultimately leading to a more robust support network for those in need.
This information is meant to be a general summary of Hendricks House 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 2021.
Assets and Liabilities:
- Total Assets: $6,930,214
- Total Liabilities: $2,854,268
- Net Assets: $4,075,946
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Organization Details
Founding Year
2009
Phone
(856) 794-2443Principal Officer
James Hammerstedt
Main Address
542 NW BOULEVARD, VINELAND, NJ, 08360
NTEE Category
Code: B90 - Education
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