Overview
What is Hamburg Alumni Foundation?
The Hamburg Alumni Foundation is a nonprofit organization, established to offer financial aid to the Hamburg Central School District. This district, a public entity as per New York Education Law, falls under the category of governmental units as defined in Section 170(c)(1) of the Internal Revenue Code. The foundation's primary purpose is to provide this district with necessary financial support. The organization's mission remains steadfast in its commitment to assisting the Hamburg Central School District.
Official website here: www.hamburgalumnifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. The Hamburg Alumni Foundation has received a score of 76%, indicating a reasonable level of accountability and financial management. This score is based exclusively on the Accountability & Finance beacon, which reflects the organization's commitment to transparency and responsible fiscal practices.
The foundation demonstrates several strengths, including a fully independent board comprising 16 members, which enhances its governance. Additionally, the organization has reported no material diversion of assets and maintains a strong program expense ratio of 89.10%, signifying that a significant portion of its funds is dedicated to its mission-related activities. The presence of board meeting minutes and the availability of tax documents on their website further support their accountability.
However, the foundation does have some limitations. Notably, essential policies such as the conflict of interest, whistleblower, and document retention policies are currently missing, which raises concerns about governance practices. Addressing these gaps could strengthen their accountability framework and enhance their overall score in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Hamburg Alumni Foundation legitimate?
Hamburg Alumni Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamburg Alumni 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.
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Official website here: www.hamburgalumnifoundation.org
What is the mission statement of Hamburg Alumni Foundation?
The Hamburg Alumni Foundation was established with a mission to offer financial aid to the Hamburg Central School District, which is a publicly funded educational institution established under the New York Education Law and classified as a governmental unit according to Section 170(C)(1) of the Internal Revenue Code. The primary objective of the foundation is to provide monetary support to this educational district, thereby contributing to its overall operations and development. The foundation serves as a financial resource, aiming to enhance the educational environment and opportunities for students within the district.
Official website here: www.hamburgalumnifoundation.org
Who is the CEO of Hamburg Alumni Foundation?
Kevin Tilley is the President of Hamburg Alumni Foundation.
Official website here: www.hamburgalumnifoundation.org
What is the revenue of Hamburg Alumni Foundation?
Hamburg Alumni Foundation's revenue in 2022 was $72,139.
Official website here: www.hamburgalumnifoundation.org
Who are the executives of Hamburg Alumni Foundation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.hamburgalumnifoundation.org
Where can I find the form 990 for Hamburg Alumni Foundation?
Hamburg Alumni Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hamburgalumnifoundation.org
Learn more at the official website: www.hamburgalumnifoundation.org
Mission Statement of Hamburg Alumni Foundation
The Hamburg Alumni Foundation, established with a mission in mind, is dedicated to providing financial aid to the Hamburg Central School District. This public school district falls under the jurisdiction of the New York Education Law and is recognized as a governmental unit, as defined in Section 170(C)(1) of the Internal Revenue Code. The primary objective of the Hamburg Alumni Foundation is to offer monetary support to this educational institution, thereby contributing to its overall growth and development. The foundation's mission is geared towards enhancing the educational experience for students within the district, ensuring a well-rounded, quality education for all.
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Impact
August, 2024
The Hamburg Alumni Foundation's impact is centered around providing financial assistance to the Hamburg Central School District. Through its support, the foundation contributes to the educational development and success of students within the district. By offering financial aid, the foundation helps enhance the overall learning environment and opportunities available to students, ultimately fostering growth and advancement within the educational community.
This information is meant to be a general summary of Hamburg Alumni 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: $9,066
- Gross Receipts: $118,403
Assets and Liabilities:
- Total Assets: $438,454
- Total Liabilities: $8,662
- Net Assets: $429,792
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Organization Details
Phone
(716) 783-0901Principal Officer
Kevin Tilley
Main Address
PO BOX 174, HAMBURG, NY, 14075
NTEE Category
Code: B94 - Education
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