Overview
What is American Home Furnishings Hall Of Fame Foundation Inc?
The American Home Furnishings Hall of Fame Foundation Inc, established in 1988, is a distinguished organization based in High Point, North Carolina. Its primary mission is to honor individuals who have significantly contributed to the growth and development of the home furnishings industry. The foundation serves as a platform to celebrate exceptional achievements and preserve the industry's historical, economic, and artistic heritage. It further inspires innovation and leadership by recognizing prominent figures in the U.S. home furnishings sector. The foundation, with a team of 7 dedicated employees, is an international, industry-wide organization that actively works towards its objectives.
Official website here: www.homefurnishingshalloffame.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating.
The American Home Furnishings Hall of Fame Foundation Inc has received a Three-Star rating, reflecting its solid performance in accountability and finance. With an overall score of 80%, the charity demonstrates strong governance and transparency, highlighted by a fully independent board of 23 members and no material diversion of assets, which are essential factors for donor confidence.
The organization excels in financial health, boasting a program expense ratio of 73.91%, indicating that a significant portion of its funds is directed towards its mission. Additionally, its working capital ratio of 5.41 years suggests that it is well-positioned to sustain its operations over time. The foundation also maintains good governance practices, including documenting board meeting minutes and distributing tax forms to the board prior to filing.
However, while the charity's score is commendable, it is solely based on its accountability and finance metrics, with no additional ratings from other categories. This narrow focus may limit the overall understanding of the organization's impact and effectiveness in fulfilling its mission within the home furnishings sector.
This AI summary has been generated from information found on Charity Navigator.
Is American Home Furnishings Hall Of Fame Foundation Inc legitimate?
American Home Furnishings Hall Of Fame Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Home Furnishings Hall Of Fame Foundation 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: $108,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $358,681
For more financial information, click here
Official website here: www.homefurnishingshalloffame.com
What is the mission statement of American Home Furnishings Hall Of Fame Foundation Inc?
The American Home Furnishings Hall of Fame Foundation Inc, established in 1988, serves as an industry-wide organization with a mission to preserve the historical significance of the home furnishings sector. It aims to celebrate exceptional individuals who have made remarkable contributions to the U.S. home furnishings industry. The foundation also strives to inspire innovation and leadership in a new generation. Its mission includes honoring individuals whose outstanding achievements have contributed to the industry's growth and development. Furthermore, the organization engages in researching, collecting, and preserving the cultural, economic, and artistic history of the home furnishings industry.
Official website here: www.homefurnishingshalloffame.com
Who is the CEO of American Home Furnishings Hall Of Fame Foundation Inc?
Karen Mcneill Pond is the Secretary/Treasurer of American Home Furnishings Hall Of Fame Foundation Inc. The CEO's salary of American Home Furnishings Hall Of Fame Foundation Inc is $108,384 and their total compensation is $108,384.
Official website here: www.homefurnishingshalloffame.com
What is the revenue of American Home Furnishings Hall Of Fame Foundation Inc?
American Home Furnishings Hall Of Fame Foundation Inc's revenue in 2022 was $5,085,011.
Official website here: www.homefurnishingshalloffame.com
Who are the executives of American Home Furnishings Hall Of Fame Foundation Inc and what are their salaries?
The average compensation at American Home Furnishings Hall Of Fame Foundation Inc during 2022 was $66,724. There are 7 employees at American Home Furnishings Hall Of Fame Foundation Inc.
Here are 22 key members and their salaries (American Home Furnishings Hall Of Fame Foundation Inc's CEO's salary is $108,384 and their total compensation is $108,384):
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Official website here: www.homefurnishingshalloffame.com
Where can I find the form 990 for American Home Furnishings Hall Of Fame Foundation Inc?
American Home Furnishings Hall Of Fame Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homefurnishingshalloffame.com
Learn more at the official website: www.homefurnishingshalloffame.com
Mission Statement of American Home Furnishings Hall Of Fame Foundation Inc
The American Home Furnishings Hall of Fame Foundation, established in 1988, is a distinguished organization with a mission to safeguard the historical significance of the home furnishings industry in the United States. This international, industry-wide body aims to recognize and honor exceptional individuals who have made remarkable contributions to this sector. The foundation's mission is twofold: first, to preserve the rich cultural, economic, and artistic history of the home furnishings industry; and second, to celebrate the outstanding achievements of these individuals who have played a crucial role in its continued growth and development. By doing so, the American Home Furnishings Hall of Fame Foundation aims to inspire a new generation of innovators and leaders in the home furnishings industry.
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Impact
October, 2024
The American Home Furnishings Hall of Fame Foundation Inc has a significant impact on the home furnishings industry by preserving its rich history and celebrating the achievements of exceptional individuals who have greatly contributed to its growth and development. Founded in 1988, the organization serves as a vital resource for collecting and maintaining the cultural, economic, and artistic history of the industry.
By recognizing outstanding achievements, the Hall of Fame inspires a new generation of innovation and leadership within the sector. This not only honors the legacy of past contributors but also fosters a collaborative environment that encourages current and future leaders to push boundaries and explore new ideas. As a result, the foundation plays a crucial role in sustaining the industry's evolution while ensuring that its historical roots remain acknowledged and cherished. Its initiatives help cultivate a sense of community and pride, ultimately driving the home furnishings industry forward in High Point, North Carolina, and beyond.
This information is meant to be a general summary of American Home Furnishings Hall Of Fame Foundation 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: $10,004
- Program Service Revenue: $267,108
- Gross Receipts: $5,085,011
Assets and Liabilities:
- Total Assets: $9,353,556
- Total Liabilities: $1,721,130
- Net Assets: $7,632,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEADERSHIP INCOME
Revenue
$150,000
BANQUET INCOME
Revenue
$117,050
BOOK SALES
Revenue
$58
Organization Details
Founding Year
1988
Phone
(336) 884-4141Principal Officer
Karen Mcneill Pond
Main Address
311 SOUTH HAMILTON STREET, HIGH POINT, NC, 27260
NTEE Category
Code: P29 - Human services
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