Overview
What is Prestons H O P E?
Preston's Hope is a nonprofit organization situated in Solon, Ohio, specifically at 32333 Aurora Road. Their primary focus is on two main areas: conducting research into Spinal Muscular Atrophy (SMA) and developing a playground for disabled children. In the recent 2022 tax year, Preston's Hope did not receive any grant applications, nor did they award any grants, and there were no program service expenses recorded. Despite these details, the organization continues its efforts to advance SMA research and create a playground that caters to the needs of disabled children.
Official website here: www.prestonshope.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Prestons H O P E has room for improvement in its overall accountability and financial practices. While the charity demonstrates strong governance with an independent board and no material diversion of assets, several critical policies are lacking, which affects its overall score.
The charity's strengths include a fully independent board composed of 10 members, a solid liabilities to assets ratio, and commendable program expense efficiency. These factors suggest that the organization is effectively managing its resources to support its mission. However, there are significant weaknesses regarding policy implementation, particularly in conflict of interest, whistleblower protections, and document management practices.
The absence of key operational policies raises concerns about transparency and accountability, which are vital for building trust with donors and beneficiaries. Improving these areas could enhance Prestons H O P E's rating and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Prestons H O P E legitimate?
Prestons H O P E is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prestons H O P E 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
Official website here: www.prestonshope.com
What is the mission statement of Prestons H O P E?
Prestons H O P E focuses its mission on two key areas: conducting research into Spinal Muscular Atrophy (SMA) and developing a playground catering to the needs of disabled children. Their primary objective is to advance SMA research, aiming to contribute to the understanding and potential treatments for this condition. Additionally, they are committed to designing and establishing a playground that is inclusive and accessible for children with disabilities, ensuring they can enjoy outdoor activities like their able-bodied peers. During the 2022 tax year, no grant applications were received, no grants were awarded, and there were no program service expenses, indicating their ongoing fundraising efforts for these initiatives.
Official website here: www.prestonshope.com
Who is the CEO of Prestons H O P E?
Stacie L Halpern is the Trustee of Prestons H O P E.
Official website here: www.prestonshope.com
What is the revenue of Prestons H O P E?
Prestons H O P E's revenue in 2022 was $15,789.
Official website here: www.prestonshope.com
Who are the executives of Prestons H O P E and what are their salaries?
There 10 volunteers at Prestons H O P E.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.prestonshope.com
Where can I find the form 990 for Prestons H O P E?
Prestons H O P E's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prestonshope.com
Learn more at the official website: www.prestonshope.com
Mission Statement of Prestons H O P E
Preston's Hope is an organization dedicated to two significant causes: advancing research into Spinal Muscular Atrophy (SMA) and developing a playground designed for children with disabilities. Their mission, in essence, revolves around these two objectives. The primary focus is on funding SMA research, a neurological disorder that affects muscle function and movement. During the 2022 tax year, they did not receive any grant applications, nor did they award any grants, and there were no program service expenses related to this research.
In addition to their work in SMA research, Preston's Hope also aims to create a playground specifically designed for children with disabilities. This initiative is yet another facet of their mission to support and uplift those who are affected by these challenges. While there is no information available regarding the current status or progress of this project, it is clear that Preston's Hope is committed to making a positive impact in the lives of children living with disabilities.
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Impact
August, 2024
Preston's H O P E's impact is focused on funding SMA research and developing playgrounds for disabled children, particularly those with spinal muscular atrophy. Their mission to support medical research and create accessible play spaces for children with disabilities in Solon, Ohio, is vital in improving the quality of life for these individuals. By soliciting funds for SMA research and playground development, Preston's H O P E is contributing to advancements in medical science and providing inclusive recreational opportunities for disabled children in the community.
This information is meant to be a general summary of Prestons H O P E. 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: $3,129
- Gross Receipts: $15,789
Assets and Liabilities:
- Total Assets: $450,517
- Total Liabilities: $0
- Net Assets: $450,517
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Organization Details
Founding Year
1999
Phone
(440) 519-3500Principal Officer
Stacie L Halpern
Main Address
32333 AURORA ROAD, SOLON, OH, 441392851
Website
www.prestonshope.comNTEE Category
Code: H12 - Medical research
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