Overview
What is Harold M Hefley & Vera Corbin Hefley Charitable Foundation?
The Harold M Hefley & Vera Corbin Hefley Charitable Foundation, based in Goodwell, Oklahoma, serves as a supporting organization under the applicable tax code. Its primary mission is to provide annual financial support to qualified 501(c) 3 charities, with a specific focus on Oklahoma Panhandle State University. Established with an address at 210 College Avenue Box 837, Goodwell, Oklahoma 73939, this charitable foundation operates with the purpose of offering aid to this particular university.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating. This rating indicates that the Harold M Hefley & Vera Corbin Hefley Charitable Foundation has significant room for improvement in its overall operations, particularly in financial accountability and transparency.
The foundation demonstrates strengths in governance with a fully independent board, scoring full points in areas such as independent board size and material diversion of assets. Additionally, the organization effectively documents board meeting minutes and maintains a strong liabilities to assets ratio, which suggests a solid financial base.
However, the organization’s Program Expense Ratio of 56.41% indicates that a substantial portion of its resources may not be allocated directly to programs, which is a critical area of concern. This factor contributes to its low overall rating, highlighting the need for improvement in the effectiveness and efficiency of its program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Harold M Hefley & Vera Corbin Hefley Charitable Foundation legitimate?
Harold M Hefley & Vera Corbin Hefley Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harold M Hefley & Vera Corbin Hefley Charitable 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
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What is the mission statement of Harold M Hefley & Vera Corbin Hefley Charitable Foundation?
The Harold M Hefley & Vera Corbin Hefley Charitable Foundation is structured as a supporting organization, with an annual mission to distribute funds to qualified 501(c)3 charities. Its primary goal is to support Oklahoma Panhandle State University, although the specifics of how this support is provided are not provided in the information. The foundation likely aims to contribute to the university's operations, research, or student programs, aligning with its mission to distribute funds to deserving charitable organizations.
Who is the CEO of Harold M Hefley & Vera Corbin Hefley Charitable Foundation?
Johnnie Davis is the Trustee of Harold M Hefley & Vera Corbin Hefley Charitable Foundation.
What is the revenue of Harold M Hefley & Vera Corbin Hefley Charitable Foundation?
Harold M Hefley & Vera Corbin Hefley Charitable Foundation's revenue in 2022 was $34,254.
Who are the executives of Harold M Hefley & Vera Corbin Hefley Charitable Foundation and what are their salaries?
There 3 volunteers at Harold M Hefley & Vera Corbin Hefley Charitable Foundation.
Here are 3 key members and their salaries:
- 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 Harold M Hefley & Vera Corbin Hefley Charitable Foundation?
Harold M Hefley & Vera Corbin Hefley Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Harold M Hefley & Vera Corbin Hefley Charitable Foundation
The Harold M Hefley & Vera Corbin Hefley Charitable Foundation, organized as a supporting organization under the code, is directed to distribute annual funds to qualified 501(c) 3 charities. In line with its mission, this organization focuses on providing financial support to various nonprofit organizations that fall under this category. One of the primary recipients of this support is Oklahoma Panhandle State University in Goodwell, Oklahoma. The Foundation's purpose for supporting this university is not explicitly stated in the information provided, but it can be inferred that the support is aimed at furthering the university's mission and activities. The Foundation's role is to contribute to the continued success and growth of these qualified charities, helping them to make a positive impact in their respective fields.
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Impact
October, 2024
The Harold M. Hefley & Vera Corbin Hefley Charitable Foundation significantly impacts the educational landscape in Oklahoma, particularly by supporting Oklahoma Panhandle State University in Goodwell. This foundation focuses on enhancing educational opportunities and resources, which directly benefit students and the university community.
By distributing funds annually to qualified charities, it plays a crucial role in fostering development programs, scholarships, and essential services that enrich the academic experience. The foundation's commitment to philanthropy helps strengthen the university's mission of providing quality education and creating a positive environment for learning and growth. Through its efforts, the foundation contributes to the broader community by promoting educational advancement and supporting initiatives that improve the overall quality of life in the region.
This information is meant to be a general summary of Harold M Hefley & Vera Corbin Hefley Charitable 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: $34,254
- Gross Receipts: $200,396
Assets and Liabilities:
- Total Assets: $816,909
- Total Liabilities: $0
- Net Assets: $816,909
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Organization Details
Founding Year
2000
Phone
(580) 349-2475Principal Officer
Johnnie Davis
Main Address
210 COLLEGE AVENUE BOX 837, GOODWELL, OK, 73939
NTEE Category
Code: T20 - Philanthropy
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