Overview
What is Helping Hands Support Inc?
Helping Hands Support Inc is a 501(c)(3) charitable organization, headquartered at 1859 Northgate Blvd, Sarasota, FL 34234. Established in 2004, the organization serves as a bridge between donors and nonprofits providing care for individuals in need. With just two employees, Helping Hands Support Inc simplifies charitable giving, offering a tax-efficient platform for individuals, families, and organizations to contribute assets, subsequently recommending grants to suitable charities. The team's mission lies in addressing rising medical costs, natural disasters, and other challenges, enabling more people to lend a helping hand in their communities. By assessing and qualifying grantees, Helping Hands Support Inc ensures that donor-advised funds are utilized effectively, contributing to the organization's program services component of expenses.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Helping Hands Support Inc has received a Three-Star rating from Charity Navigator, indicating fair performance in accountability and finance. The score is attributed entirely to the organization's strong accountability practices, although the lack of financial statements limited their overall rating.
The organization demonstrates solid governance with a fully independent board and effective policies, such as a conflict of interest and whistleblower policy. Their program expense ratio is impressive at 99.58%, signifying that most resources are directed towards their mission. Additionally, they maintain a low liability-to-assets ratio, highlighting financial stability.
However, the nonprofit struggles with fundraising efficiency, showing no fundraising revenue, which raises concerns about sustainability. While the organization has effective internal controls, the need for improved revenue generation strategies is evident to enhance its long-term impact.
This AI summary has been generated from information found on Charity Navigator.
Is Helping Hands Support Inc legitimate?
Helping Hands Support Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Helping Hands Support 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: $295,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Helping Hands Support Inc?
Helping Hands Support Inc exists with a mission to provide a convenient and tax-efficient method for individuals, families, and organizations to donate to charities that offer aid to those in need. Recognizing the growing demands for financial assistance due to challenging times, rising medical costs, natural disasters, and other issues, a team of dedicated leaders in the nonprofit sector established Helping Hands Support in 2004. The organization aims to make charitable giving more accessible, enabling more people to contribute to their community's wellbeing. Helping Hands Support operates as a 501(c)(3) organization, managing donor-advised funds where donors can contribute assets and recommend grants to the chosen charities that offer care to those in need. The organization's personnel assess and qualify grantees, incorporating the associated costs in the program services component of their expenses.
Who is the CEO of Helping Hands Support Inc?
Bryan Green is the President of Helping Hands Support Inc.
What is the revenue of Helping Hands Support Inc?
Helping Hands Support Inc's revenue in 2022 was $4,337,697.
Who are the executives of Helping Hands Support Inc and what are their salaries?
The average compensation at Helping Hands Support Inc during 2022 was $147,500. There are 2 employees at Helping Hands Support Inc.
Here are 4 key members and their salaries:
- Compensation: $200,000
- Related: $0
- Other: $0
- Compensation: $95,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Helping Hands Support Inc?
Helping Hands Support Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Helping Hands Support Inc
Helping Hands Support Inc is a nonprofit organization that was established with a mission to provide a simple and tax-efficient way for individuals, families, and organizations to donate to charities that offer aid to those in need. Recognizing the increasing number of families facing financial hardships due to various challenges such as difficult times, rising medical costs, natural disasters, and other problems, a team of dedicated leaders in the nonprofit community established Helping Hands Support. This organization received its 501(c)(3) determination from the IRS in 2004, with the goal of helping more people contribute to meet the needs in their community.
The primary mission of Helping Hands Support Inc is to make charitable giving more accessible and efficient. They achieve this by managing Donor-Advised Funds, which allow donors to contribute assets and then recommend grants from the fund to charities that provide care for those in need. This service offered by Helping Hands Support simplifies the charitable giving process for donors, ensuring that their contributions are directed towards organizations that align with their philanthropic goals. The personnel of Helping Hands Support assess and qualify grantees, and the costs associated with these activities are included in the program services component of the organization's expenses.
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Impact
October, 2024
Helping Hands Support Inc significantly impacts individuals and families facing challenging circumstances by facilitating charitable giving in a streamlined and tax-efficient manner. Since its inception in 2004, the organization has created a framework that allows donors to contribute assets through donor-advised funds, effectively enabling them to recommend grants to 501(c)(3) charitable organizations that provide essential care and support to those in need.
By addressing the rising costs of healthcare, natural disasters, and other financial hardships, Helping Hands Support plays a crucial role in bridging the gap between those seeking assistance and those willing to help. The organization's dedicated personnel assess and qualify grantees, ensuring that donations are directed toward credible and effective charities, thus maximizing the impact of each contribution.
In communities like Sarasota, Florida, where financial difficulties can be prevalent, Helping Hands Support not only empowers donors to make a difference but also lifts up families and individuals by connecting them with the resources and support they require during their most difficult times. Through its mission, the organization fosters a culture of compassion and generosity, highlighting the power of collective action in addressing societal needs.
This information is meant to be a general summary of Helping Hands Support 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 2022.
- Investment Income: $747,609
- Gross Receipts: $8,661,350
Assets and Liabilities:
- Total Assets: $12,345,822
- Total Liabilities: $1,439,623
- Net Assets: $10,906,199
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Organization Details
Founding Year
2004
Principal Officer
Bryan Green
Main Address
1859 NORTHGATE BLVD, SARASOTA, FL, 34234
NTEE Category
Code: X19 - Religion related
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