Overview
What is Robert L And Sylvia M Haag Foundation?
The Robert L. and Sylvia M. Haag Foundation is a charitable organization located in Chicago, Illinois. It grants funds to nonprofit organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code and align with the guidelines set by the Jewish Federation of Metropolitan Chicago and the Foundation's by-laws. The Foundation's purpose is to promote, foster, support, develop, and maintain various charitable, educational, or religious functions, as outlined in the charter of the Jewish Federation of Metropolitan Chicago and the Foundation's by-laws. The Foundation's activities are geared towards furthering these broad charitable objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Robert L And Sylvia M Haag Foundation has achieved a strong 94% rating from Charity Navigator, which signifies high standards in accountability and finance. The foundation is recognized for its commitment to transparency and responsible financial management, evident from its impressive score in the Accountability & Finance category, which is the sole basis for its overall rating.
Key strengths include an entirely independent board, with 80% membership independence and effective governance practices such as a documented conflict of interest policy and a whistleblower policy. The foundation maintains a robust financial health with no liabilities and a remarkable program expense ratio of 98.13%, indicating that nearly all of its funds are directed towards its mission-related activities.
While the organization's performance is commendable, the data primarily reflects financial metrics rather than programmatic impact, which could be an area for future evaluation. Overall, the Robert L And Sylvia M Haag Foundation stands out for its accountability, making it a trustworthy option for donors seeking to support effective nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Robert L And Sylvia M Haag Foundation legitimate?
Robert L And Sylvia M Haag Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert L And Sylvia M Haag 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.
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
What is the mission statement of Robert L And Sylvia M Haag Foundation?
The Robert L. and Sylvia M. Haag Foundation is established with the purpose of promoting and supporting charitable, educational, or religious objectives, as authorized by the charter of the Jewish Federation of Metropolitan Chicago and the Foundation's by-laws. The Foundation's mission is to cultivate and uphold these broad objectives, providing grants to eligible charitable organizations that meet the guidelines set forth by the Jewish Federation of Metropolitan Chicago and the Foundation's own bylaws, which are tax-exempt under IRC Section 501(c)(3). The Foundation's activities are aimed at fostering and maintaining these charitable, educational, or religious endeavors.
Who is the CEO of Robert L And Sylvia M Haag Foundation?
Phillip Haag is the President of Robert L And Sylvia M Haag Foundation.
What is the revenue of Robert L And Sylvia M Haag Foundation?
Robert L And Sylvia M Haag Foundation's revenue in 2022 was $110,443.
Who are the executives of Robert L And Sylvia M Haag Foundation and what are their salaries?
There 4 volunteers at Robert L And Sylvia M Haag Foundation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $423,355
- Other: $47,244
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $293,232
- Other: $36,845
- Compensation: $0
- Related: $188,546
- Other: $56,817
Where can I find the form 990 for Robert L And Sylvia M Haag Foundation?
Robert L And Sylvia M Haag Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Robert L And Sylvia M Haag Foundation
The Robert L. and Sylvia M. Haag Foundation is established with a mission to uphold and advance the charitable, educational, or religious purposes as outlined in the Jewish Federation of Metropolitan Chicago's charter and the Foundation's by-laws. This mission involves fostering, promoting, supporting, developing, and maintaining these broad objectives, ultimately aiming to contribute positively to various sectors within the community.
The Foundation fulfills its mission by granting funds to eligible charitable organizations that hold tax-exempt status under the Internal Revenue Code Section 501(c)(3). These organizations must align with the guidelines set forth by the Jewish Federation of Metropolitan Chicago and the Foundation's by-laws. By providing financial support to these organizations, the Robert L. and Sylvia M. Haag Foundation plays an instrumental role in advancing and maintaining the charitable, educational, or religious causes that are essential to the community.
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Impact
October, 2024
The Robert L And Sylvia M Haag Foundation significantly contributes to the community by making grants to various charitable organizations that align with its mission. By supporting organizations that are tax-exempt under IRC Section 501(c)(3), the Foundation plays a crucial role in fostering charitable, educational, and religious initiatives. This support not only enhances the operational capacity of these organizations but also amplifies their impact within the community served by the Jewish Federation of Metropolitan Chicago. Through its grants, the Foundation helps address diverse needs and promotes a culture of philanthropy, ultimately enhancing the welfare and quality of life for various individuals and groups in Chicago and beyond.
This information is meant to be a general summary of Robert L And Sylvia M Haag 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: $110,443
- Gross Receipts: $110,443
Assets and Liabilities:
- Total Assets: $1,382,922
- Total Liabilities: $4,035
- Net Assets: $1,378,887
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Organization Details
Founding Year
2004
Phone
(312) 357-4790Principal Officer
Phillip Haag
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: T11 - Philanthropy
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